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Weil, Gotshal & Manges LLP

Steven K. Bernstein

    Litigation Partner
Antitrust / Competition

Washington DC

Tel: +1 202 682 7502
Fax: +1 202 857 0940
E-mail:
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Experience
  • Avaya Inc.
    Going Private Transaction of Avaya
    Advised Avaya Inc., a leader in web-based corporate phone equipment, in its $8.3 billion sale to Silver Lake Partners and TPG Capital.
  • Yellow Book USA (Yell Group Plc)
    Acquisition of TransWestern Holdings LP
    Represented Yellow Book USA (Yell Group Plc) in its $1.6 billion acquisition of TransWestern Holdings LP from THL Partners and CIVC Partners LLC.
  • IWCO Direct
    Acquisition of Assets of Transcontinental Direct
    Represented direct marketing firm IWCO Direct, a portfolio company of Avista Capital Partners, in its acquisition of substantially all the assets of Transcontinental Direct USA, a subsidiary of Transcontinental, Inc.
  • Avaya, Inc.
    Avaya's acquisition of Nortel's enterprise solutions business
    Represented Avaya in its acquisition of Nortel’s enterprise solutions business for $900 million. While our primary role is that of antitrust advisors, we have also provided advice in the areas of Employment, Tax, Private Equity, BFR, Banking/Finance and International Trade. This is a global effort with attorneys from several offices working on the matter.
  • Maxim Integrated Products, Inc.
    Asset Acquisition
    Represented Maxim in the purchase of the wireless control and secure transaction hardware product lines of Zilog.
  • Shell Oil Company
    Oil Industry Salary Exchange Litigation
    In a major multidistrict class action, Weil Gotshal successfully defended Shell Oil Company against allegations that it had participated in an improper exchange of information with certain major oil companies relating to salary information for particular classifications of employees, which had the alleged effect of slowing the rate of salary growth and depressing overall compensation in violation of the Sherman Act. Defendants twice defeated motions for class certification, and the circuit court declined to hear an appeal from either ruling. Defendants then obtained full summary judgment in the multidistrict litigation.
  • Walgreen Co.
    Walgreens' acquisition of I-trax
    Represented Walgreens in its $278 million acquisition of I-trax, Inc., a leading operator of worksite health centers. At the time of the I-trax transaction, Walgreens simultaneously agreed to purchase a second worksite health center operator. Antitrust clearance for the I-trax deal was obtained following the FTC's grant of early termination of the Hart-Scott-Rodino waiting period.
  • Staples, Inc.
    Staples' bid to acquire Corporate Express
    Representing Staples, Inc. and Staples Acquisition B.V., in the US and EU, in connection with its unsolicited multi-billion dollar cash bid to acquire Corporate Express N.V. Weil Gotshal also coordinated the worldwide antitrust clearance process. Unconditional antitrust clearance for the transaction was obtained in the United States in the first half of 2008 and in June 2008 from the European Commission.
  • Johnson & Johnson
    Johnson & Johnson's acquisition of Pfizer's Consumer healthcare and OTC drug business
    Provided Johnson & Johnson with antitrust counsel in its $16.6 billion acquisition of Pfizer's Consumer healthcare and OTC drug business. Obtained clearance with limited divestitures given the scope of the transaction.
  • Johnson & Johnson
    Obtained clearance for Johnson & Johnson's attempted acquisition of Guidant
    Obtained clearance under both the US HSR Act and the EU merger control regulation for Johnson & Johnson in its attempted $20+ billion acquisition of Guidant Corporation
  • Kinder Morgan Management Group
    Management Buyout of Kinder Morgan Inc.
    Advised Kinder Morgan's CEO and senior management in the $22 billion buyout of Kinder Morgan Inc. by our clients and several investment funds, including funds managed by Goldman Sachs, AIG, The Carlyle Group, and Riverstone Holdings. The transaction presented cutting edge antitrust issues because a joint venture between Carlyle and Riverstone had preexisting minority investments in energy companies that may compete with Kinder Morgan. We reached a unique governance-related solution that allowed the transaction to be consummated without any divestitures.
  • Vanguard Car Rental
    Acquisition by Enterprise Rent-A-Car of Vanguard Car Rental including National and Alamo
    Represented Vanguard Car Rental in the sale of its National Car Rental and Alamo Rent A Car businesses to Enterprise Rent-A-Car. Antitrust clearance was obtained for this merger of two of the five national rental car companies without a Second Request.

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