Keane, Inc. Agrees to $854 Million Acquisition by Caritor, Inc.

Keane, Inc. Agrees to $854 Million Acquisition by Caritor, Inc.

Client News

Related Solutions

A deep and diverse practice focused on maximizing tax efficiencies and minimizing tax risks for clients nationally and internationally.
WilmerHale has been at the forefront of complex financial restructuring and bankruptcy litigation and policy matters for decades.
Providing comprehensive solutions for the acquisition, enforcement and protection of IP.
Bringing significant depth and critical experience to government contracting matters.
Advising clients on changing priorities, new regulations, emerging threats and untapped opportunities.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
With a team of lawyers recognized nationally as leading practitioners in the field, we regularly advise public and private companies, their shareholders and their key employees on tax aspects of mergers, acquisitions, dispositions and joint ventures. Clients rely on our advice to maximize their tax efficiencies and minimize their tax risks. Our clients include businesses from a wide range of sectors: technology, life sciences, publishing, telecommunications, aviation and defense, venture capital and private equity. We develop tax-efficient structures that help clients achieve business objectives and negotiate appropriate contractual protections against the assumption of unwanted tax risks.
Providing a strategic, multidisciplinary approach to help clients develop and use AI and to navigate the landscape of Big Data.

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.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel