September 2006 – LAWFUEL – Law News Network – Chicago, IL – It was announced today that Illinois Tool Works Inc. (ITW) had reached an agreement with Click Commerce, Inc. in which ITW will make a cash tender offer to acquire all of the common stock of Click Commerce, Inc. The boards of directors of both companies have approved the transaction and ITW has agreed to commence the tender offer by September 18, 2006.
Mayer, Brown, Rowe & Maw LLP advised ITW on the acquisition in which ITW would purchase all of Click Commerce’s outstanding shares for $22.75 per share; the total value of the transaction is approximately $292 million. The Mayer Brown team was lead by Partner James Lidbury and included Partner Jennifer Keating, as well as Associates Jonathan Grandon, Michael Serafini, Nina Flax.
Click Commerce is a provider of on-demand supply chain management solutions for a variety of worldwide industries and was advised by McDermott Will & Emery LLP.
Mayer, Brown, Rowe & Maw LLP’s Corporate practice provides top-level client service and creative solutions to complex problems in public and private transactions alike. The firm is regularly ranked among the leading law firms in the United States and the United Kingdom in public company mergers and acquisitions, and we have an equally active practice in representing private companies in buying and selling businesses.
Chambers Global recently reported that Mayer, Brown, Rowe & Maw LLP “is consistently recommended for its ‘blend of world-class technical skills and user friendly attitude.’ [It] undertakes an impressive array of M&A transactions for publicly owned companies.”
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