Sullivan & Cromwell Has ‘Unusual’ CIT Deal Role: Business of Law
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Three mergers and acquisitions powerhouses -- Cleary Gottlieb Steen & Hamilton LLP, Wachtell, Lipton, Rosen & Katz and Sullivan & Cromwell LLP -- worked on CIT Group Inc.’s proposed $3.4 billion acquisition of OneWest Bank parent IMB Holdco LLC.
While Wachtell represented CIT, the commercial lender led by John A. Thain, and Cleary represented OneWest, Sullivan & Cromwell provided additional regulatory counsel for both parties because of its banking expertise.