Wachtell, Lipton, Rosen & Katz guided Charter Communications Inc. in its plans to merge with with closely held Cox Communications in a takeover that values Cox at about $34.5 billion.
Latham & Watkins advised Cox in the deal that combines two of the biggest US cable providers. The transaction includes $12.6 billion of debt and $21.9 billion in equity, the companies said in a statement.
The megadeal provides a boost to the deals market, which has been stifled by tariffs and uncertainty. Large transactions in the first quarter of the year included Sycamore Partners’ $23.7 billion purchase of drugstore chain Walgreens Boots Alliance Inc.
Latham’s Chicago-based partner Bradley Faris led the corporate deal team along with Washington, DC-based partner Victoria VanStekelenburg.
A team of Paul, Weiss, Rifkind, Wharton & Garrison guided Advance, which holds a stake in Charter and will retain two board nominees in the transaction. Its team was led by partners Robert B. Schumer, Michael Vogel, Brian Krause and counsel Lara Solomons.
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