Wotman Law PLLC | Corporate Transactions | Experience
Achieving Results
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Summary
EXPERIENCE

Corporate Transactions

Experience
  • Representative Corporate Transactions
     

    • Representation of oral surgeon in sale of practice, underlying real estate and equipment for $1.5 million.
    • Defense of Peabody International Corporation (“Peabody”) from hostile takeover attempt by Victor Posner (“Posner”) resulting in five year standstill agreement and sale of stock interest by Posner; Reverse Triangular Merger among The Pullman Company, a subsidiary of Allied-Signal, Peabody and PTC Acquisition Inc. Valued at $150 million. (Wall St. J., at 1, col. 2).
    • Mr. Wotman had primary responsibility for all aspects of the successful defense of the take over battle waged by Victor Posner in connection with $150 million merger of Peabody International into The Pullman Company, a subsidiary of Allied Signal wherein Mr. Posner of Sharon Steel unsuccessfully attempted to bribe the chairman of The Pullman Company to call off the merger with Peabody International. Peabody International Corporation v. Victor Posner, et. al., United States District Court for the District of Connecticut, reported on the front page of The Wall Street Journal.
    • Member of the successful team that conducted the proxy contest on behalf of Samuel Heyman for control over the Board of Directors of GAF Corporation. Samuel J. Heyman v. GAF Corporation, et. al., United States District Court for the Southern District of New York; reported in The New York Times.
    • Financing by The Mutual Benefit Life Insurance Company of leveraged buyout of Modernfold Division of American Standard Inc. by Stockholders of Wesray Capital Corp. Valued at $19 million.
    • Leveraged Buyout of Food Ecology Group of Kane-Miller Corporation (“Kane-Miller”) by The Ira J. Hechler Group and Management of Kane-Miller and Food Ecology Group. Valued at $70 million.
    • Leveraged Buyout of Brinlaw Manufacturing Company, Inc., DGP Unlimited and Kidz for Less, Inc. (collectively, Brinlaw) by The Ira J. Hechler Group and Management of Brinlaw. Valued at $16 million.
    • Acquisition of Radio Stations from Doubleday Broadcasting Company, Inc. and Metromedia Inc. by The Sillerman Communications Group, Inc. Valued at $40 million.
    • Acquisition of Stock of The Ziff Company, Inc. by The Albert Fisher Group PLC. Valued at $20 million.
    • Acquisition of Assets of Long Island Sound Systems, Inc. by Telecommunications Specialists, Inc. Valued at $2.8 million.
    • Acquisition of Stock of McMillen, Inc. by management of McMillen Brothers. Valued at $1.2 million.
    • Going Private Transaction and Self Tender Offer by American Bakeries Company for all outstanding shares of its Cumulative Prior Preferred Stock, $1.80 Series. Valued at $1 million.
    • Issuance of $1.6 million Principal Amount of New York City Industrial Development Agency Industrial Revenue Bonds (Seybert-Nicholas Printing Corp./Kenner Printing Co., Inc. Project).
    • Issuance of $1.8 million Principal Amount of Town of Hempstead Industrial Development Agency Industrial Revenue Bonds (Fasig-Tipton Company, Inc. Project).
    • Issuance of $850,000 Principal Amount of New York City Industrial Development Agency Industrial Development Revenue Bonds (AABCO Sheet Metal Co., Inc. Project).
    • Issuance of Canadian $15 million Guaranteed Notes of Yamaha International Corporation, guaranteed by The Fuji Bank, Limited.
    • Financing by The Mutual Benefit Life Insurance Company of Acquisition of Stock of Avenue Bank and Trust Company of Oak Park, Avenue Bank Northwest, Avenue Bank of Elk Grove and The Northlake Bank by First Colonial Bankshares Corporation, Chicago, Illinois. Valued at $8 million.
    • Proxy Contest by John V. Winfield for Election of Dissident Slate of Trustees of Mutual Real Estate Investment Trust.
    • Hostile Tender Offer by Sol Goldman and J.J.J. Financial Associates to purchase all outstanding shares of Common Stock of J.W. Mays, Inc.
    • Hostile Tender Offer by Sol Goldman to purchase all outstanding shares of Common Stock of Lexington Avenue and 42nd Street Corp. (Chanin Building).
    • Representation of Interstate Properties in connection with Hostile Takeover Battles with undisclosable targets.
    • Bid for acquisition of Nathan's Famous, Inc. by undisclosable Investor Group.
    • Public Offering of $150 million Principal Amount of State of New York Mortgage Agency Mortgage Revenue Bonds, Third Series.
    • Public Offering of $200 million Principal Amount of State of Israel Third Variable Rate Issue Bonds (Minimum interest 7.50%).
    • Public Offering of $20 million Principal Amount of S.E. Nichols Inc. 14-7/8% First Senior Subordinated Debentures.
    • Initial Public Offering of Common Stock of Brown Transportation Corporation.
    • Private Offering of Units of Limited Partnership Interest in STV Associates, a Limited Partnership, a New York limited partnership to conduct research and development of Satellite Transfer Vehicles. Valued at $12 million.
    • Representation of United States Trust Company of New York in connection with Public Offering of $165 million principal amount of Junior Subordinated Deferred Interest Debentures due 2006 to finance, in part, acquisition of assets of Metromedia Radio Division of Metromedia Broadcasting Company by Metropolitan Broadcasting Corporation.
    • Formation of Premium Finance Program for River Oaks Life Insurance Company.
    • Formation of New York Life Insurance Company for Dai-Ichi Mutual Life Insurance Company.
    • Formation of Bankruptcy and Mortgage Brokerage Divisions of Commonwealth Associates, Investment Banking Company.
    • Representation of Shareholders in Purchases of Substantial Stock Interests in Small Closely Held Companies.