Mayer Brown represented Sparton Corporation, an NYSE-listed provider of complex and sophisticated electromechanical devices primarily in the military, aerospace, medical, biotechnology and industrial markets, in its entry into a merger agreement with an affiliate of Cerberus Capital Management, L.P. which provides for the acquisition of Sparton Corporation by such affiliate for approximately $183 million. The transaction, which is subject to the receipt of Sparton shareholder approval, clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions, is expected to close in the first calendar quarter of 2019.

The Mayer Brown team was led by Corporate & Securities partners Andrew Noreuil and Fritz Thomas (both Chicago) and included: Corporate & Securities – associates Ryan Ferris, Elizabeth Gore (both Chicago) and Michael Gomez (Northern California); Litigation & Dispute Resolution – partners Scott Perlman and Marcia Madsen and counsel Luke Levasseur (all DC), Maritoni Kane and Jaimy Hamburg (both Chicago) and associate Oral Pottinger (DC); Intellectual Property – partner Rich Assmus (Chicago); Tax Transactions & Consulting – partner Jim Barry and associate Chris Odell (both Chicago); Employment & Benefits – partner James Williams (Chicago); Government and Global Trade – partner Tamer Soliman and counsel JC Lowe (both DC); and Real Estate – counsel Bob Morgan (Houston).