Bloomberg Law
July 9, 2015, 3:07 PM UTC

Cleary Advises on a $9 Billion Merger

Carla Main

“We were the whipping boy of Wall Street,” said Ethan Klingsberg, a partner in the New York office of Cleary Gottlieb Steen & Hamilton LLP, recalling the tough road to closing the merger between the firm’s client, Family Dollar Stores Inc., and Dollar Tree Inc.

The yearlong trek to Monday’s closing on the combination of the two discount retailers valued in excess of $9 billion included smoothing out federal antitrust wrinkles, a multistate antitrust settlement, defending a shareholder suit in Delaware Chancery Court and handling a competing takeover bid.

The merger agreement on July 27 and the announcement the next ...

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