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Jones Day's 2020 Speaker Series: Carve-Out Transactions

Jones Day's Pittsburgh Office
500 Grant Street, Suite 4500
Pittsburgh, PA 15219-2514

7:30 a.m. - 8:00 a.m.
Breakfast and Networking
8:00 a.m. - 10:00 a.m.
CLE Program

"Carve-out transactions," typically defined as sales or divestitures of business lines or units, are among the most complex types of corporate transactions. Companies have increasingly used carve-outs to divest underperforming or nonessential businesses or to acquire specific assets or increase market share. If done well, carve-outs can create substantial value for both buyers and sellers. If not, they can lead to significant issues for both parties.

Our first program for 2020 will focus on carve-out transactions from the perspective of both experienced in-house lawyers and law-firm M&A partners. The speakers will discuss the unique issues involved, with a focus on practical recommendations for accomplishing successful carve-out transactions and avoiding problems. The program will examine many carve-out-related issues, including the following:

  • Preparation and structure;
  • Determining and segregating carve-out assets and liabilities;
  • Financial statements;
  • Environmental, intellectual property, and information technology issues;
  • Employee matters;
  • Restrictive covenant issues;
  • Transition service agreements;
  • Third-party and regulatory consents;
  • Key purchase agreement terms;
  • Typical post-closing disputes; and
  • Integration-related issues.

SPEAKERS

William J. Axtman
Partner, Mergers & Acquisitions
Jones Day (Pittsburgh)

Scot Duncan
Assistant General Counsel
United States Steel Corporation

David A. Grubman
Partner, Mergers & Acquisitions
Jones Day (Pittsburgh)

Laura Long
Deputy General Counsel, Mergers & Acquisitions
The PNC Financial Services Group, Inc.

CLE INFORMATION

This program has been approved for 2.00 hours of general credit by the Pennsylvania CLE Board. This program has also been approved for 2.00 hours of general credit by the State Bar of California and 2.00 hours of areas of professional practice credit (including transitional credit) by the New York State CLE Board. Jones Day is a Pennsylvania CLE Board accredited provider, a State Bar of California MCLE approved provider, and an accredited provider in New York. Application for CLE credit in other states will be made as needed.

REGISTRATION

Reserve your place by filling out the registration form. If you have any questions, please contact Molly Henry at pittsburghevents@jonesday.com.

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