4 Firms Steer Stanley's $1.5B Deal For Aerospace Parts Maker
Law360 (January 29, 2020, 2:00 PM EST) -- Stanley Black & Decker on Wednesday said it will acquire aerospace components manufacturer Consolidated Aerospace Manufacturing for up to $1.5 billion in cash, in a deal steered by Sullivan & Cromwell, Montgomery McCracken, Skadden and Jenner & Block.
The purchase price depends on whether the Boeing 737 MAX is cleared to return to the skies and on The Boeing Co. achieving certain production thresholds, the announcement said. Consolidated Aerospace Manufacturing LLC, or CAM, manufactures specialty fasteners and components for the aerospace and defense industries and is a Boeing supplier, according to its website.
Stanley Black & Decker Inc. said it would hold...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!