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99 Cents Only Stores’ Takeover Involves Six Firms In The Case

published October 12, 2011

By CEO and Founder - BCG Attorney Search left
Published By
( 2 votes, average: 3.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
10/12/11

99 Cents Only Stores' Takeover Involves Six Firms In The Case

99 Cents Only Stores refused a takeover proposal from Leonard Green & Partners - a private equity buyer, last spring. The store believed it was holding out for a better price. California based discount chain, The Commerce, announced that it attained an agreement to be bought for roughly $1.6 billion. Ares Management and the Canada Pension Plan Investment Board will pay $22 per share in cash between them for 99 Cents Only Stores. Proskauer Rose M&A co-head Michael Woronoff has been hired as Ares lead outside counsel. Stefan Stauder, Tax partner Peter Keenan and corporate partner Jonathan Wiener are advising CPPIB on the matter. Munger, Tolles & Olson corporate partner Mary Ann Todd are providing counseling to 99 Cents Only Stores. Skadden, Arps, Slate, Meagher & Flom is Gold/Schiffer family's legal adviser. Morrison & Foerster, is advising a special committee of the board on the transaction.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published October 12, 2011

By CEO and Founder - BCG Attorney Search left
( 2 votes, average: 3.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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