Skadden and Ropes & Gray power up with roles on $9.5bn US utilities merger
Skadden Arps Slate Meagher & Flom and Ropes & Gray have taken the lead roles on a $9.5bn ($6bn) merger which will creating one of the largest utilities companies in the US, reports The Am Law Daily. Northeast Utilities has agreed to pay more than $4bn (£2.5bn) to absorb NSTAR, forming a company with a total enterprise value of $17.5bn (£11bn). The company will continue to be known as Northeast Utilities.
October 19, 2010 at 07:22 AM
2 minute read
Skadden Arps Slate Meagher & Flom and Ropes & Gray have taken the lead roles on a $9.5bn ($6bn) merger which will create one of the largest utilities companies in the US, reports The Am Law Daily.
Northeast Utilities has agreed to pay more than $4bn (£2.5bn) to absorb NSTAR, forming a company with a total enterprise value of $17.5bn (£11bn). The company will continue to be known as Northeast Utilities.
Northeast turned to Skadden for legal counsel on the merger, with M&A partners Michael Rogan and Sheldon Adler taking the lead, alongside partners from the firm's energy, tax, antitrust, M&A and executive compensation and benefits practices.
Meanwhile, NSTAR was advised by longstanding counsel Ropes & Gray.
Corporate partner David Fine led a Boston-based team that included tax partners Jonathan Zorn and Eric Elfman, environmental and real estate partner Peter Alpert, employment partner David Mandel and environmental and real estate partner Coke Cherney.
NSTAR's in-house lawyers included general counsel Douglas Horan and associate general counsel Richard Morrison.
Ropes & Gray has represented NSTAR – along with its predecessor, Boston Edison Company – for more than two decades.
Fried Frank Harris Shriver & Jacobsen advised Goldman Sachs, which served as chief legal advisor to NSTAR on the transaction.
The Am Law Daily is a blog on law.com, Legal Week's US affiliate title.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
A&O Shearman, Cleary Gottlieb Act on $700M Dunlop Tire Brand Sale to Japan's Sumitomo
Latham, Simpson Thacher and Brazilian Duo Ride Uptick in LatAm M&A
Kim & Chang, Freshfields, A&O Shearman Take Top Spots for Highest Collective Deal Value as APAC M&A Grew By Just 1% in 2024
Trending Stories
- 1'It's Not Going to Be Pretty': PayPal, Capital One Face Novel Class Actions Over 'Poaching' Commissions Owed Influencers
- 211th Circuit Rejects Trump's Emergency Request as DOJ Prepares to Release Special Counsel's Final Report
- 3Supreme Court Takes Up Challenge to ACA Task Force
- 4'Tragedy of Unspeakable Proportions:' Could Edison, DWP, Face Lawsuits Over LA Wildfires?
- 5Meta Pulls Plug on DEI Programs
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
