PEN America’s Merger With PEN USA

Schulte and Gibson, Dunn & Crutcher advised pro bono on the transaction

PEN America and PEN USA are nonprofit organizations dedicated to the celebration and defense of free expression. After the transaction is completed (which is expected to occur in late February), subject to the approval of PEN USA’s members, PEN America will be the sole member of PEN USA, and the two organizations will integrate their operations. With the assistance of Gibson, Dunn & Crutcher, who also served pro bono as local counsel in California, Schulte conducted due diligence, drafted revisions to organizational documents and negotiated a transaction agreement which involved matters of corporate, tax, employment and employee benefits and real estate law.

The Schulte team advising PEN America included M&A and securities partner Aneliya Crawford (Picture), tax partner Dan Kusnetz, employment & employee benefits special counsel Scott Gold and M&A and securities associate Brett Jackson and tax associate Joanna Caytas.

Involved fees earner: Aneliya Crawford – Schulte Roth & Zabel; Brett Jackson – Schulte Roth & Zabel; Dan Kusnetz – Schulte Roth & Zabel; Joanna Diane Caytas – Schulte Roth & Zabel; Scott Gold – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Pen America Inc.;

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Author: Ambrogio Visconti