Livingston’s financial services firm CIT Group on July 22 announced it has paid approximately $3.4 billion in cash and stock to acquire bank holding company IMB Holdco of Pasadena, Calif. Following the transaction, CIT’s CIT Bank will merge with IMB’s subsidiary OneWest Bank, also of Pasadena, and continue using the CIT Bank name. Three New York City law firms advised the transaction: Wachtell, Lipton, Rosen & Katz for CIT, Cleary Gottlieb Steen & Hamilton for IMB, and Sullivan & Cromwell for both.
La Fe Foods Sold for $26M
Manufacturing company GraceKennedy in Kingston, Jamaica, announced on July 22 its subsidiary, GraceKennedy Foods USA in Miramar, Fla., has acquired fellow grocery wholesaler La Fe Foods of Moonachie, for approximately $26 million.
Newark Funding Corp. Acquired
This content has been archived.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
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
