Mergers & Acquisitions | 29 March 2016
Partner George Casey, head of Shearman & Sterling’s Global Mergers & Acquisitions Group, has been named a “Dealmaker of the Year” for 2016 by The American Lawyer.
The magazine praises Casey for his work leading the Shearman & Sterling team on The Dow Chemical Co.’s spinoff of its chlor-alkali and derivatives business. The $5 billion spinoff, combining “almost every existing transaction you can think of as an M&A lawyer,” Casey said, included a carve-out, equity and debt exchanges and a public company merger. In this transaction, Dow separated a significant portion of its chlorine value chain and merged the new entity with Olin Corporation, which acquired the assets using a Reverse Morris Trust, a tax-efficient structure more commonly used for pre-existing subsidiaries but not carve-outs. In the end, it took eight practice groups more than 18 months and 2,000 documents to complete the transaction.
Casey has also been recognized and recommended as a leading M&A practitioner by Chambers Global, Chambers USA, Legal 500 US and IFLR1000.