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Jenner & Block represented RCN Corporation in its agreement to be acquired by an investment fund managed by ABRY Partners for total consideration of approximately $1.2 billion, including the assumption of debt. As part of the transaction, each share of RCN common stock will be entitled to receive $15 in cash. The transaction, which was announced on March 5, 2010, is expected to close in the second half of 2010.
The Firm’s team was led by Partners Thomas A. Monson, Donald E. Batterson and Jill R. Sheiman and included Associates Erik R. Daly, Joseph D. Kline and Marc A. Katz.
Partners Christian E. Kimball, Steven R. Meier, Farhad K. Patel and Matthew J. Renaud and Associates Anna L. Barreiro, Kristen M. Boike, Penelope P. Campbell, Lee E. Dionne, Brian L. Mikulencak, Vito M. Pacione and Richard M. Wallace also contributed to the Firm’s efforts.