Kirkland & Ellis LLP is representing Taminco Corp. (NYSE:TAM), the world's largest producer of alkylamines and alkylamine derivatives, which today announced a definitive agreement to be acquired by Eastman Chemical Company (NYSE: EMN) for $26.00 per share, for a total transaction value of approximately $2.8 billion in cash. The transaction was approved by the Taminco and Eastman boards of directors, and is expected to close in the fourth quarter of 2014 subject to a go-shop process, approvals and closing conditions. More information on the transaction is available here.
The Kirkland team was led by corporate partners Taurie Zeitzer and Gareth Clark in New York.
Apollo Global Management, LLC, is Taminco's largest shareholder. Kirkland is also representing Apollo portfolio company Verso Paper Corp. on its $1.4 billion acquisition of NewPage Holdings, announced earlier this year.