BAT calls in HSF and Cravath for mega merger

By Victoria Basham

21 October 2016 at 10:22 BST

British American Tobacco (BAT) has instructed Cravath Swaine & Moore and Herbert Smith Freehills (HSF) to advise on its £38.4bn merger proposal with the owner of Camel cigarettes.

Rene Van Den Berg

The London-listed tobacco giant has outlined plans for a merger with Reynolds American by purchasing the remaining 57 per cent of the US company that it doesn’t already own.

The HSF team is led by the firm’s chair and senior partner James Palmer, financial institutions head Alex Kay, tax head Isaac ‎Zailer and corporate partner Gillian Fairfield. The Cravath team is led by US corporate partners Philip Gelston, David Perkins, Ting Chen and Alyssa Caples.

UK and US legal advice to the financial sponsors and joint sponsors to BAT is being provided by a team from Davis Polk, led by City corporate partner Will Pearce and New York corporate partner Philip Mills.

It is understood that Reynolds American has not yet appointed legal counsel.

Source: Legal Week


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