Fried, Frank, Harris, Shriver & Jacobson LLP is representing UK advertising group WPP Group plc in its $1.5 billion acquisition of Grey Global Group Inc, a New York-based advertising company.
WPP agreed to pay consideration valued at $1,005 a share for Grey, the seventh-largest marketing services company.
The acquisition will make WPP the largest global buyer of advertising space.
Fried Frank attorneys representing WPP were partners Arthur Fleischer Jr., Laraine S. Rothenberg, Philip Richter, Jonathan S. Adler, Deborah Garza and Alan S. Kaden. Associates working on the transaction include Ashvin Rao, Jihwan Kim, Charles E. Fortin, Babar Sattar, Michael J. Alter, James E. Rhilinger, Russell S. Light. Davis & Gilbert LLP and Allen & Overy are co-counsel.