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JONES DAY® - One Firm Worldwide?

222 EAST 41ST STREET, NEW YORK, NY 10017-6702, USA
Tel:
Work +1 212 326 3939
Email:
Web:
www.jonesday.com/newyork

Robert Profusek

Tel:
Work 1 212 326 3800
Email:
Jones Day

Work Department

Mergers & Acquisitions.

Position

Bob Profusek is an advisor to substantial businesses, focusing on M&A/takeovers, restructurings, buyouts, and corporate governance matters, including executive compensation. He chairs the Firm's M&A Practice globally. Representative M&A transactions include: Continental Airlines' merger-of-equals with United Airlines; Nextel Communications' merger-of-equals with Sprint; Ernst & Young's merger of its consulting business with Cap Gemini; and numerous transactions for WL Ross & Co., including the acquisition and IPO of International Coal Group, the merger of International Steel Group and Mittal Steel, and its build-ups in automotive components, textiles, and mortgage servicing; and numerous transactions for Procter & Gamble, including its reverse Morris Trust split-off/merger of its Folgers coffee business with Smuckers. Bob is a member of the boards of directors of two NYSE-listed companies. He has been featured in The American Lawyer's monthly "Dealmaker" column on several occasions and is included in Chambers USA, the International Who's Who of M&A Lawyers, Who's Who in American Law, The Best Lawyers in America, and The Best Lawyers in New York. He also is a frequent speaker regarding corporate takeovers and corporate governance, has authored or coauthored numerous articles, has testified before Congress and the SEC about takeover and compensation-related matters, and is a regular guest commentator on CNBC, CNN, Fox, and Bloomberg TV.

Education

New York University (J.D. summa cum laude 1975; Order of the Coif; Note and Comment Editor, Law Review); Cornell University (B.A. magna cum laude 1972).


United States: M&A/corporate and commercial

Corporate governance

Within: Corporate governance

Jones Day has ‘a team of talented and knowledgeable lawyers that, without fail, respond to clients’ needs with the same urgency they are experiencing themselves’. The firm handles a range of governance matters, including the warding off of leading activist hedge funds. Lizanne Thomas in Atlanta has an ‘extraordinary ability to manage boards through complex and unusual governance issues’ - she and Robert Profusek in New York represented Procter & Gamble in its proxy fight with Trian Fund Management. Thomas also advised comScore on its settlement with Starboard Value. In Cleveland, Peter Izanec and George Hunter advised Wayne Savings Bancshares on its successful defense against a campaign by Stilwell Activist Investments. Other clients include Reynolds American and Marathon Petroleum.

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M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Jones Day’s geographic coverage across the US and overseas provides a virtually unrivalled platform for corporate client relationships and a high volume of deals. Detroit, Minneapolis and Miami are all relatively new domestic offices that have helped the firm expand its client portfolio still further. Its full-service approach is also a draw to many corporates, with its strong teams in intellectual property, labor law, government regulatory matters and many others contributing to the success of the M&A group. Clients regard the team as ‘outstanding’, ‘first rate in its responsiveness’, with one hailing it ‘the best’. Clients also highlight its ability to understand industry drivers and operate a ‘partnering’ approach, while knowing when to allow in-house teams to run the transaction or ‘assume the lead if warranted by the deal dynamics or subject matter’. The firm has impressed in real estate, life sciences and technology transactions, and continues to be at the forefront of financial institutions and chemical sector deals. Energy is another growing area for the team. In 2017, it continued to advise regular client Reynolds American on its $49bn sale to British American Tobacco and represented Linear Technology in its $14.8bn sale to Analog Devices. Moreover, the firm advised private equity firm Carlyle on its $4bn sale of Signode Industrial Group to Crown Holdings. Global chair of M&A Robert Profusek has immense experience and is frequently engaged on big-ticket deals. Cleveland’s Lyle Ganske is noted for takeovers and shareholder activism defense, while James Dougherty has fine record in real estate and chemicals deals and takeover defense work. Randi Lesnick has tremendous big-ticket deal experience in the consumer and retail and technology sectors, and Silicon Valley’s Daniel Mitz is a leader in tech deals. Houston partner Jeffrey Schlegel is ‘consistently outstanding’ in energy transactions and newly promoted partner Benjamin Stulberg is ‘outstanding’ in public M&A. Attorneys are New York based unless stated otherwise.

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Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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