O’Melveny Represents Dealertrack in US$4 Billion Definitive Merger Agreement with Cox Automotive
O’Melveny & Myers LLP advised Dealertrack Technologies, Inc., a leader in software solutions and services for automotive retailers, in its definitive merger agreement with Cox Automotive, Inc., a leading provider of digital marketing, wholesale, and e-commerce solutions across the automotive industry.
Under the terms of the agreement, Cox Automotive will acquire Dealertrack in an all-cash transaction valued at US$4 billion or US$63.25 per share. The deal is expected to close in the third quarter of 2015.
The O’Melveny team was led by partner Paul Scrivano, and included partners David Schultz, Sung Pak, Chris Del Rosso, and Robert Fisher; counsel Angola Russell, Jaroslaw Hawrylewicz, David Ni, and Brian Danella; and associates Sarah Young, Noah Kornblith, Martha Todd, Kathryn Tague, Jake Israel, Tom Oslovar, and Rebecca Starke.