LAWFUEL – The Law Firm News Wire – Weil, Gotshal & Manges LLP counseled GE in the company’s sale of GE Plastics to Saudi Basic Industries Corporation (SABIC), one of the world’s ten largest petrochemicals manufacturers. The deal is valued at $11.6 billion. GE Plastics is a multi-billion dollar global supplier of plastic resins widely used by a number of industries, including the automotive, healthcare and telecommunications industries. The transaction is expected to close in the third quarter of 2007.
The Weil Gotshal team working on this matter consisted of partners Howard Chatzinoff, Kenneth Heitner, Kimberly Blanchard, Jeffrey Osterman, Michael Kam, David Berz and Kelly Dybala and associates Jon-Paul Bernard, Justin Levy, Dawn Kim, Su-Yeon Cho, Ron Ben-Menachem, Chayim Neubort, Jimmy Liao, Elva Tang, Larry Thompson, Matthew Morton and Edward Kim.