Lecturer in Law
George Casey is Global Head of Mergers & Acquisitions at Shearman & Sterling LLP and a member of the firm’s Executive Group. From 2009 until 2016, he served as an elected member of the firm’s Policy Committee. Mr. Casey has extensive experience in U.S. domestic and cross-border M&A transactions, venture capital financing, strategic investments and joint venture transactions, representing U.S. and non-U.S. clients. From September 2002 until August 2005, Mr. Casey was based in London. In addition to teaching at Penn, he also gives regular guest lectures on US M&A at l’École de Droit de la Sorbonne – Université Paris I.
In 2016, The American Lawyer named Mr. Casey a “Dealmaker of the Year” and “Transatlantic Corporate Dealmaker.” He has been recognized as one of the leading M&A practitioners by Chambers Global, Chambers USA, Legal 500 US, IFLR1000 and PLC Which Lawyer? and has been named to the Global M&A Network’s “Top 50: Global M&A Lawyers” list.
Mr. Casey represents some of the world’s largest companies in their significant public and private M&A transactions. He has represented
- Dow Chemical in its $5 billion Reverse Morris Trust transaction with Olin for the Chlor-Alkali and Derivatives business, its negotiations of the $17.4 billion K-Dow joint venture with PIC of Kuwait and in the ensuing arbitration over PIC’s refusal to close in which Dow was awarded and was paid $2.16 billion in damages and costs; in its $4.8 billion strategic ownership restructuring of Dow Corning; the $1.5 billion sale of its MEGlobal joint venture interest to EQUATE; its $1.67 billion divestiture of Morton Salt to K+S Aktiengesellschaft, $1.63 billion divestiture of Styron to Bain Capital, and in its divestiture of its global polypropylene business to Braskem
- Nokia in its sale of the HERE digital mapping business to a consortium comprised of Audi AG, BMW Group and Daimler AG, and its $8.1 billion acquisition of NAVTEQ
- Liberty Global in its $23.3 billion acquisition of Virgin Media in a stock and cash merger transaction, its $8.2 billion acquisition of Cable & Wireless Communications plc, and on the creation of its tracking stock under English law for operations in Latin America and the Caribbean
- Anglo American plc in its sale of the Anglo Norte copper business to a consortium led by Audley Capital Advisors LLP, in its $5.39 billion sale to Mitsubishi of a 24.5% interest in Anglo American Sur, a Chilean copper mining company, and its subsequent settlement of a dispute and $2.8 billion sale of an interest in AA Sur to CODELCO, a Chilean state-owned company, and Mitsui, its $1.0 billion auction sale of Moly Cop and AltaSteel businesses to OneSteel and $18.7 billion acquisition of De Beers (through a scheme of arrangement under South African law)
- Thomson Reuters in its $7.75 billion divestiture of Thomson Learning to Apax and OMERS and in its divestitures of BarBri, Prometric and NETg
- Pechiney, a French public company, in the initially unsolicited and later recommended $6.7 billion public offer for its shares by Alcan (a French and US law transaction)
- Novartis in the $2.5 billion sale of its worldwide medical nutrition business to Nestlé and in its “white knight” bid for Aventis
- AngloGold, a South African company, in its $1.9 billion acquisition of Ashanti, a Ghanaian gold mining company (a Ghanaian law transaction executed through a first scheme of arrangement process in Ghana)
- Instrumentarium, a Finnish public company, in its $2.3 billion acquisition by GE (a Finnish law transaction)
- Bell Canada International and other shareholders in the $1 billion sale of their interest in Hansol M.com to Korea Telecom (a South Korean law transaction)
Mr. Casey is a member of the Board of Advisors of the Institute for Law and Economics at Penn, a member of the International Advisory Committee of Revue Trimestrielle de Droit Financier/Corporate Finance and Capital Markets Law Review, Paris, France, a member of the Business Law Partner Advisory Board of Thomson Reuters, and was a speaker on “Change of Control Transactions” at the SEC International Institute for Securities Market Development.
REPRESENTATIVE PUBLICATIONS AND CONFERENCES
- “Trends in global M&A activity,” Financier Worldwide, 2015
- USA: Trends & Developments, Corporate M&A, Chambers Legal Practice Guides, 2013 and 2014
- Q&A interview with Bloomberg on the global M&A market, cross-border transactions and key Delaware case law developments, April 2013
- “Current Trends in M&A,”—featured in the NYSE Corporate Board Member “The Boardroom Channel Series” 2012 video interview
- “Current Trends in US Mergers and Acquisitions,” Global Reference Guide: Mergers & Acquisitions, Financier Worldwide, 2012
- “Shareholders and Boards of Directors in US Mergers and Acquisitions,” chapter in The Mergers & Acquisitions Review, Fifth, Sixth and Seventh Edition, Law Business Research, 2011, 2012 and 2013
- “Special Committees of the Board in M&A Transactions”—led panel discussions on when a Board of Directors should consider forming a special committee to review a corporate transaction at the Annual Boardroom Summit 2011-2014
- “What to Do When an Acquiror Knocks?”—led a panel on how the Board of Directors and senior executives should respond to an unsolicited takeover proposal at the Seventh Annual Boardroom Summit 2010
- “Special Committees of the Board in M&A Transactions”—featured in a Corporate Board Member “Board Member Series” 2010 video interview
- “Expanding Borders: The SEC’s Proposed Amendments to its Cross-Border M&A Rules Acknowledge the Increasing Global Nature of Dealmaking,” The Deal, June 2-8, 2008
- “Proportionality Between Ownership and Control: Comparative Legal Study (United States),” External Study Commissioned by the European Commission, 2007
Articles and Book Chapters
Shareholders and Boards of Directors in US Mergers and Acquisitions, chapter in The Mergers & Acquisitions Review, Fifth and Sixth Editions, Law Business Research, 2011 and 2012.
Expanding Borders: The SEC’s Proposed Amendments to its Cross-Border M&A Rules Acknowledge the Increasing Global Nature of Dealmaking, THE DEAL, June 2-8, 2008
Proportionality Between Ownership and Control: Comparative Legal Study (United States), External Study Commissioned by the European Commission (2007).
US Securities Law Issues in Tender Offers for Foreign Companies that are not ‘Foreign Private Issuers,’ M&A FOCUS, (Winter 2006).
US Securities Law Issues in Non-US M&A Transactions, CORPFIN WORLDWIDE, (December 2004).
Using tracking stock to unlock Internet valuations,INTERNET FIN. REV. (2000-2001, a Euromoney publication).
More publications can be found here.