New York – September 17, 2007 – LAWFUEL – The Legal Newswire – Debevoise & Plimpton LLP is advising EDO Corporation (EDO) in its definitive agreement with ITT Corporation (ITT) for ITT to purchase all outstanding shares of EDO for $56 per share in cash. Including approximately $120 million in debt and the conversion of convertible notes, this transaction values EDO at $1.7 billion.
EDO Corporation designs and manufactures a diverse range of products for aerospace and defense, intelligence, and commercial markets. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team was led by Andrew L. Bab and includes partners Jeffrey P. Cunard, Gary M. Friedman, Robert F. Quaintance, Jr. and Elizabeth Pagel Serebransky, counsel Stuart Hammer and Charles E. Wachsstock and associates Suzie C. Alway, Juan L. Ramirez, Dmitriy A. Tartakovskiy and Harry Zirlin.