Skadden Arps Slate Meagher & Flom and Cravath Swaine & Moore have landed leading advisory roles as Swiss chocolate company Lindt & Sprungli has agreed a deal to buy US rival Russell Stover.
July 15, 2014 at 05:03 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom and Cravath Swaine & Moore have landed leading advisory roles as Swiss chocolate company Lindt & Sprungli has agreed a deal to buy US rival Russell Stover.
The acquisition would create the third-largest chocolate manufacturer in North America. The addition of family-owned Russell Stover, which a turnover of roughly $500m, is expected to boost the Kilchberg-based company’s turnover to $1.5bn in North America in 2015.
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