Elite US firms Wachtell Lipton Rosen & Katz and Shearman & Sterling have taken the lead advisory roles on the $50bn (£28bn) all-stock sale of banking giant Merrill Lynch to Bank of America. Bank of America was advised by a 23-strong Wachtell team comprising 12 partners, including Edward Herlihy, co-chairman of the firm's executive committee. The team included lawyers from the corporate, antitrust, executive compensation and benefits, restructuring and finance and tax departments.
September 15, 2008 at 11:35 AM
1 minute read
The original version of this story was published on Legalweek
Elite US firms Wachtell Lipton Rosen & Katz and Shearman & Sterling have taken the lead advisory roles on the $50bn (£28bn) all-stock sale of banking giant Merrill Lynch to Bank of America.
Bank of America was advised by a 23-strong Wachtell team comprising 12 partners, including Edward Herlihy, co-chairman of the firm’s executive committee, who also last week advised the US Treasury Department on its bailout of mortgage giants Freddie Mac and Fannie Mae.
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