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Jones Day

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

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

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

Jones Day's national and international coverage is virtually unrivalled and this continues to enable it to maintain and build an enviably broad and illustrious client base. The firm is often praised not only for its geographic coverage, but also its breadth of expertise with other strong departments including intellectual property, labor law and government regulatory teams having a key role on many big transactions. Clients include Marathon Petroleum, Procter & Gamble and Conagra Brands. While being a considerable force in global M&A by volume, it also ranks highly by value of deals with it now frequently earning roles on headline and high-value transactions. This is in part enabled by the presence of eminent practitioners in New York, such as global M&A practice chair Robert Profusek and global M&A leader Randi Lesnick. Cleveland's Lyle Ganske and James Dougherty are also key leaders of the M&A group. Ganske and Dougherty worked alongside fellow Cleveland partner Benjamin Stulberg to advise Marathon Petroleum on its $23.3bn acquisition of Andeavor to create a leading US refining, marketing, and midstream company. The firm also advised Conagra Brands on its $10.9bn acquisition of Pinnacle Foods. Palo Alto partner Daniel Mitz is recommended for technology deals and advised Oclaro on its $1.8bn acquisition by Lumentum Holdings.

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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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