Simpson Thacher Represents Wachovia in 3rd Largest NYSE-listed IPO in History, Largest Closed-End Fund Offering in U.S. History
March 1, 2007
The Firm is representing Wachovia Capital Markets, LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS Securities LLC and A.G. Edwards & Sons, Inc., as co-leads of an underwriting syndicate, in the initial public offering of Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG), a closed end fund with a primary objective of providing current income and gains, and a secondary objective of capital appreciation. The offering raised $5.5 billion ($6.3 billion, assuming full exercise of the underwriters’ overallotment option). This deal marks the 3rd largest NYSE-listed IPO, NYSE’s largest initial public offering of 2007 year-to-date and the largest closed-end fund offering in U.S. history.
The Simpson Thacher team working on the transaction includes: Sarah Cogan, Laura Wolff and Brian Gluck (Capital Markets/Public Funds), Charlie Rappaport, Jonathan Cantor and Sean Austin (Tax) and Mark Lab (Blue Sky).
Lawyers:
• Sean M. Austin
• Jonathan E. Cantor
• Sarah E. Cogan
• Brian Gluck
• Charles O. Rappaport
Related Practice Areas:
• Corporate
• Capital Markets and Securities
• Tax
• Initial Public Offerings
• Financial Institutions Practice
|
