A WilmerHale team of lawyers spanning practice areas including Corporate, Tax, Benefits, Commercial, Intellectual Property and Defense, National Security and Government Contracts advised Keane, Inc. (NYSE: KEA) in connection with its proposed $854 million acquisition by Caritor, Inc. KEA is a leading business process and IT services firm while Caritor is a privately held global organization headquartered in San Ramon, California.
Under the terms of the merger agreement, holders of Keane's common stock will receive $14.30 per share in cash. The purchase price represents a 19 percent premium over Keane's closing share price on February 6, 2007. The deal is subject to regulatory and Keane shareholder approval and is expected to be completed during the second quarter of 2007.
The WilmerHale team was led by Hal Leibowitz and included Jeff Hermanson, Jessica Lopez, Sarah Levendusky and Nisha Marks of the Corporate Department; Rob Burke of the Tax Department; Bill Schmidt of the Benefits Practice; Jorge Contreras and Kimberly Wade in the Intellectual Property Department, John Sigel, Jamie Class and Lisa Parrington in the Commercial Department and Barry Hurewitz in the Defense, National Security and Government Contracts Department.