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Clients often seek our services again because of the previous experience that they had with us.

Challenge:
Our client, one of the largest manufacturers in North America, entered into an Asset Purchase Agreement with a European-based manufacturer for the sale of substantially all of our client’s assets in the U.S. and Canada. This representation was the result of Young Conaway’s counsel to the same client in an earlier Chapter 11 bankruptcy filing in Wilmington, Delaware.

Approach:
As debtor's counsel, the Young Conaway team received guidance from real estate, transactional, tax, labor/employment, environmental, litigation, benefits/ERISA, and bankruptcy to advise the client and negotiate the deal. The team also worked closely with the client’s Canadian counsel, and with a New York City-based investment bank in executing the Asset Purchase Agreement.

Outcome:
The completed $150 Million+ deal involved significant/complicated transactional and international issues, preserved a going-concern sale, and saved over 1800 jobs.

(Prior results do not guarantee a similar outcome)