Jenner & Block

Firm's Corporate and Litigation Attorneys Help Close SBI's Acquisition of Lante Corporation

The cash tender offer by IP services company SBI to purchase all of the outstanding common stock of Lante Corporation was successfully completed today, thanks in large part to the efforts of a team of the Firm's corporate and litigation lawyers led by Partner Thaddeus J. Malik. The Firm's corporate attorneys helped guide Lante through complicated negotiations leading up to the nearly $40 million deal embodied in the July 31 tender offer from Salt Lake City-based SBI and Company and the July 18 acquisition agreement, and litigators recently defeated lawsuits in Illinois courts that sought to block today’s closing.  The Firm's team included Chairman Jerold S. Solovy and Partners John C. Koch and Ronald L. Marmer.  Partner Arnold Harrison, Chair of the Firm's Tax Practice, and Partner Matthew Renaud and Associate Mark Berggren of the Employee Benefits and Executive Compensation Practice also worked on the transaction team.