New York, November 12, 2004 – LAWFUEL – Law firm, legal, atto…

New York, November 12, 2004 – LAWFUEL – Law firm, legal, attorney news – Weil, Gotshal & Manges LLP, one of the world’s leading law firms, advised Barneys New York, Inc. (OTC BB: BNNY) in connection with its agreement to be acquired by Jones Apparel Group, Inc. (NYSE: JNY).

Pursuant to the acquisition agreement signed November 10, 2004, Jones Apparel Group will pay $19 for each Barneys share, for an aggregate equity value of $294.3 million, which includes outstanding common stock, preferred stock, employee stock options and warrants. Jones Apparel Group is also funding the tender offer for Barneys senior notes, with an aggregate face value of $106 million.

“We have represented Barneys for the almost six years, during which time it has achieved significant success,” said Ted S. Waksman, a partner in Weil Gotshal’s corporate department who led the Weil Gotshal team in advising Barneys New York on the deal. “We are very pleased that Barneys has been able to enter into such an exciting transaction.”

Weil, Gotshal & Manges LLP is an international law firm of more than 1,100 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Shanghai, Silicon Valley, Singapore, Warsaw, Wilmington and Washington, D.C.

Weil, Gotshal & Manges LLP’s Team
Partners: Andrew Gaines (Tax – New York); Stuart Goldring (Tax – New York); Alan Lascher (Real Estate – New York); Ted Waksman (Corporate – New York)
Associates: Daniel Abram (Real Estate – New York); Christine Agnew (Tax – New York); Kwesi Baiden (Corporate – New York); Craig Brill (Corporate – New York); Jason Riesel (Corporate – New York)
# # #

Scroll to Top