DS Smith Plc Announces Proposed Acquisition of Interstate Resources, Inc.

June 29, 2017

S&C represents DS Smith Plc in its agreement to acquire 80 percent of the total issued share capital of Interstate Resources, Inc. from Merpas Co. S.à r.l. for consideration of $920 million. Debt to be repaid at closing is expected to be approximately $226 million.

The S&C team on the transaction was led by George Sampas and Melissa Sawyer, along with Daniel Belke, William Nahill and Yelena Nam. Matthew Friestedt, Rebecca Coccaro and Kristen Klein advised on executive compensation and benefits matters; Tia Barancik advised on energy matters; Matthew Brennan advised on environmental matters; Chris Beatty and Lauren Pratt advised on financing matters; Mehdi Ansari, Joshua Steinberger and Matthew Rosenberg advised on intellectual property matters; Christina Andersen advised on labor and employment matters; Eric Wang and Jameson Lloyd advised on tax matters; and Juan Rodriguez, Joseph Matelis and Eric Queen advised on antitrust matters.