Benjamin L.Stulberg (Ben)

Partner

Cleveland + 1.216.586.7409 Minneapolis +

Ben Stulberg is recognized as a leading advisor in the United States' M&A market. Described by The Legal 500 as "a prolific player in public and cross-border M&A," he has represented clients in more than $100 billion worth of transactions. Ben focuses on public company representations and cross-border deals and frequently advises clients on matters relating to corporate governance, shareholder activism, takeover preparedness, and SEC compliance. In addition, he has substantial experience with deal-related disputes, in both pre-closing and post-closing litigation.

Ben has counseled clients on numerous transactions in various industries, with a particular niche in public company and complex, cross-border transactions. His representative experience includes: Marathon Petroleum's acquisition of Andeavor for $23.3 billion; MPLX LP and Marathon Petroleum's $20 billion acquisition of MarkWest Energy Partners; Goodrich Corporation's $18.4 billion merger with United Technologies; Sherwin-Williams' $11.3 billion acquisition of Valspar; various transactions for Procter & Gamble, including the divestiture of its beauty brands to Coty for $12.5 billion and the divestitures of its Folgers coffee business and its consumer health care partnership with Teva Pharmaceuticals; Parker-Hannifin's $4.3 billion acquisition of CLARCOR Inc.; Cintas' $2.2 billion acquisition of G&K Services; the sale of Harry & David to 1-800-FLOWERS.com; Avient's $1.5 billion acquisition of Clariant's masterbatch business; and Cleveland-Cliffs' $1.1 billion acquisition of AK Steel. Other companies with which he has worked on substantial matters include Chart Industries, Cooper Tire & Rubber, Diebold-Nixdorf, Jefferies & Co., KeyBanc Capital Markets, and OM Group.

Experience

  • Marathon Petroleum acquires Andeavor in deal valued at $23.3 billionJones Day advised Marathon Petroleum Corp. (NYSE: MPC) in connection with the acquisition and related financing of Andeavor (NYSE: ANDV) to create a leading U.S. refining, marketing, and midstream company.
  • Sherwin-Williams acquires Valspar for $11.3 billionJones Day advised The Sherwin-Williams Company in its $11.3 billion acquisition of The Valspar Corporation.
  • Procter & Gamble sells its beauty brands to Coty for $12.5 billionThe Procter & Gamble Company ("P&G") has merged its 43 beauty brands ("RMT Brands") of global salon professional hair care and color, retail hair color, cosmetics, and fine fragrance businesses, along with select hair styling brands with Coty Inc. in a Reverse Morris Trust transaction for $12.5 billion.
  • MPLX and Marathon Petroleum Corporation acquire MarkWest Energy for $20 billion, creating fourth-largest MLPJones Day advised MPLX LP and Marathon Petroleum in MPLX's acquisition of MarkWest Energy Partners, L.P.
  • MPLX LP acquires Andeavor Logistics LPJones Day represented Marathon Petroleum Corporation, one of the largest independent refining, marketing and midstream companies in the U.S., in the combination of its two master limited partnerships, MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) in a unit-for-unit transaction at a blended exchange ratio of 1.07x, representing an equity value of approximately $9 billion and an enterprise value of $14 billion for ANDX.
  • Parker Hannifin acquires Exotic Metals Forming Company LLC for $1.725 billion cashJones Day advised Parker Hannifin Corporation in its $1.725 billion cash acquisition of Exotic Metals Forming Company LLC.
  • PolyOne acquires Clariant color and additive masterbatch business for $1.5 billionJones Day advised PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.
  • PolyOne sells its Performance Products and Solutions business to SK Capital Partners for $775 millionJones Day advised PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, in its $775 million cash sale of its Performance Products and Solutions business to SK Capital Partners.
  • Cleveland-Cliffs acquires AK Steel in $1.1 billion stock swapJones Day advised Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.
  • Parker Hannifin acquires CLARCOR for $4.3 billionJones Day advised Parker Hannifin Corporation in its $4.3 billion acquisition of filtration company CLARCOR Inc.
  • Procter & Gamble sells its Fluocaril and Parogencyl oral care brands to UnileverJones Day advised The Procter & Gamble Company in the sale of its Fluocaril and Parogencyl oral care brands to Unilever.
  • NII Holdings sold Nextel Brazil to América Móvil for $948.5 millionJones Day advised NII Holdings, Inc. in the sale of its 70% interest in its Brazilian operations ("Nextel Brazil") to América Móvil S.A.B. de C.V. for $948.5 million on a debt-free and cash-free basis.
  • Fairmount Santrol and Unimin merge creating CoviaJones Day advised Fairmount Santrol in its merger with Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV, in a tax-free, cash and stock transaction, creating a leader in proppant and industrial materials solutions.
  • ABM acquires GCA Services Group for $1.25 billionJones Day advised ABM Industries, Inc. (NYSE: ABM), a leading provider of facility solutions, in its acquisition of GCA Services Group, a leading provider of facility services in the education and commercial industries, from affiliates of Thomas H. Lee Partners, L.P. and Goldman Sachs Merchant Banking Division for approximately $1.25 billion in cash and stock.
  • NII Holdings and AINMT complete investment by AINMT for 30 percent stake in Nextel BrazilJones Day advised NII Holdings, Inc. (NASDAQ: NIHD) in its partnership to jointly own and operate Brazilian mobile telecommunications company Nextel Brazil with AINMT Holdings AB (“AINMT”), an international telecommunications company and parent of the Norwegian operator ice, the fastest growing mobile network operator in Norway.
  • Cintas acquires G&K Services for $2.2 billionJones Day advised Cintas Corporation in its acquisition of all of the outstanding shares of G&K Services, Inc. for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt.
  • Galenica acquires Relypsa for $1.53 billionJones Day advised Galenica AG, a diversified group of companies active throughout the health care market, in its acquisition of Relypsa, Inc., a biopharmaceutical company focused on the discovery, development, and commercialization of polymeric medicines, pursuant to a tender offer in which Galenica paid $32 per share, or a total of $1.53 billion.
  • Diebold sells North America electronic security business to Securitas for $350 millionJones Day advised Diebold, Incorporated in the $350 million sale of its North America-based electronic security business to Securitas AB to accelerate its transformation and better position the company to pursue growth opportunities in the dynamic self-service industry.
  • OM Group acquired by Apollo Affiliated Funds for $1.03 billionJones Day advised OM Group, Inc. in its acquisition by funds managed by affiliates of Apollo Global Management, LLC, for $34.00 per share in cash, or approximately $1.03 billion.
  • Polypore sells the Company to Asahi Kasei for $3.2 billionJones Day advised Polypore International, Inc. (NYSE:PPO) in its definitive agreements for the sale of the Company to Asahi Kasei Corporation (TSE1:3407), through a U.S. subsidiary, for $60.50 per share in cash.
  • Polypore's Separation Media business sold to 3M for $1 billionJones Day advised Polypore International, Inc. on its $1 billion sale of its Separations Media business, which provides microporous membranes and modules for filtration in the life sciences, industrial, and specialty segments, to 3M Company.
  • Speaking Engagements

    • December 2014
      Minimizing Post-Closing Disputes: Tips On What To Watch For And What To Avoid
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