Cravath Swaine – IBM’s Acquisition of DemandTec

On December 8, 2011, IBM and DemandTec announced that the two companies have entered into a definitive merger agreement for IBM to acquire DemandTec in an all-cash transaction at a price of $13.20 per share, or approximately $440 million, after adjusting for cash. Cravath represented IBM in connection with this transaction. The acquisition, which is subject to DemandTec shareholder approval, applicable regulatory clearances and other customary closing conditions, is expected to close in the first quarter of 2012.

DemandTec delivers cloud-based analytic software that enables businesses to examine different customer buying scenarios, both online and in-store.

The Cravath team included partner George F. Schoen and associates Benjamin P. Schaye and Bud W. Jerke on corporate matters; partner Jennifer S. Conway and associates Kevin E. Manz and Michelle M. Garrett on executive compensation and benefits matters; partner Andrew W. Needham and associates J. Leonard Teti II and Matthew Y. Lau on tax matters; and partner Matthew Morreale on environmental matters.
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