Legal Business

Heavyweight US trio advises on €15.6bn Alcatel takeover

Three US law firms – Skadden, Arps, Slate, Meagher & Flom, Latham & Watkins and Sullivan & Cromwell – leveraged long-term relationships with key corporate clients last month, seeing them land lead roles on Nokia’s bid to take over Alcatel-Lucent.

Skadden is advising longstanding client Nokia on the tie-up that values its French rival at €15.6bn and will create a technology giant worth more than €40bn. The team is led by London-based global transactions co-head Scott Simpson; Paris-based Armand Grumberg, who heads the firm’s European M&A practice; and London corporate partner Michal Berkner.