Wachtell, Lipton, Rosen & Katz, Williams Mullen and Brooks, Pierce, McLendon, Humphrey & Leonard advised on TowneBank’s US$154 million acquisition of blueharbor bank.
TowneBank (NASDAQ: TOWN) and blueharbor bank announced the signing of a definitive agreement pursuant to which TowneBank will acquire blueharbor bank for approximately US$154 million.
Shareholders of blueharbor will receive US$12.70 in cash and 1.0534 shares of TowneBank common stock for each share of blueharbor common stock outstanding.
Wachtell, Lipton, Rosen & Katz is serving as legal adviser to TowneBank.
The corporate team comprised Partners Matthew M. Guest and Steven R. Green, and Associates Angela Jang and Eric M. Selzer.
Partner Michael J. Schobel and Associates Alison E. Beskin and Katelynn L. Catalano advised on executive compensation and benefits matters.
Counsel Ledina Gocaj advised on regulatory matters.
Williams Mullen served as legal counsel to TowneBank in the transaction.
Brooks, Pierce, McLendon, Humphrey & Leonard, LLP served as legal counsel to blueharbor in the transaction.
