Benjamin L. Stulberg | 弁護士

Ben Stulberg is recognized as a leading advisor in the United States' M&A market. Described by The Legal 500 as "a prolific player in public and cross-border M&A," he has represented clients in more than $100 billion worth of transactions. Ben focuses on public company representations and cross-border deals and frequently advises clients on matters relating to corporate governance, shareholder activism, takeover preparedness, and SEC compliance.

Ben has counseled clients on numerous transactions in various industries, with a particular niche in public company and complex, cross-border transactions. His representative experience includes: Marathon Petroleum's acquisition of Andeavor for $23.3 billion; MPLX LP and Marathon Petroleum's $20 billion acquisition of MarkWest Energy Partners; Goodrich Corporation's $18.4 billion merger with United Technologies; Sherwin-Williams' $11.3 billion acquisition of Valspar; various transactions for Procter & Gamble, including the divestiture of its beauty brands to Coty for $12.5 billion and the divestitures of its Folgers coffee business and its consumer health care partnership with Teva Pharmaceuticals; Parker-Hannifin's $4.3 billion acquisition of CLARCOR Inc.; Cooper Tire's $2.5 billion merger with Goodyear Tire & Rubber Company; Cintas' $2.2 billion acquisition of G&K Services; Avient's $1.5 billion acquisition of Clariant's masterbatch business; Cleveland-Cliffs' $1.1 billion acquisition of AK Steel; and Fairmount Santrol's stock-for-stock merger with Unimin. Other companies with which he has worked on substantial matters include STERIS plc., GrafTech International Ltd., Gentex Corporation, Diebold-Nixdorf, The Timken Company, and OM Group.

Ben is frequently adverse to leading activist funds. He is the hiring partner for the Cleveland Office.

担当案件

Marathon Petroleum acquires Andeavor in deal valued at $23.3 billionJones Day advised Marathon Petroleum Corp. (NYSE: MPC) in connection with the acquisition and related financing of Andeavor (NYSE: ANDV) to create a leading U.S. refining, marketing, and midstream company.

Sherwin-Williams acquires Valspar for $11.3 billionJones Day advised The Sherwin-Williams Company in its $11.3 billion acquisition of The Valspar Corporation.

Procter & Gamble sells its beauty brands to Coty for $12.5 billionThe Procter & Gamble Company ("P&G") has merged its 43 beauty brands ("RMT Brands") of global salon professional hair care and color, retail hair color, cosmetics, and fine fragrance businesses, along with select hair styling brands with Coty Inc. in a Reverse Morris Trust transaction for $12.5 billion.

MPLX and Marathon Petroleum Corporation acquire MarkWest Energy for $20 billion, creating fourth-largest MLPJones Day advised MPLX LP and Marathon Petroleum in MPLX's acquisition of MarkWest Energy Partners, L.P.

MPLX LP acquires Andeavor Logistics LPJones Day represented Marathon Petroleum Corporation, one of the largest independent refining, marketing and midstream companies in the U.S., in the combination of its two master limited partnerships, MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) in a unit-for-unit transaction at a blended exchange ratio of 1.07x, representing an equity value of approximately $9 billion and an enterprise value of $14 billion for ANDX.

Parker Hannifin acquires CLARCOR for $4.3 billionJones Day advised Parker Hannifin Corporation in its $4.3 billion acquisition of filtration company CLARCOR Inc.

Polypore sells the Company to Asahi Kasei for $3.2 billionJones Day advised Polypore International, Inc. (NYSE:PPO) in its definitive agreements for the sale of the Company to Asahi Kasei Corporation (TSE1:3407), through a U.S. subsidiary, for $60.50 per share in cash.

Cleveland-Cliffs acquires AK Steel in $1.1 billion stock swapJones Day advised Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.

PolyOne acquires Clariant color and additive masterbatch business for $1.5 billionJones Day advised PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.

Avient acquires DSM Protective Materials businessJones Day advised Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, in the $1.485 billion acquisition and financing of Koninklijke DSM N.V.’s protective materials business, a leading specialty engineered materials business built around the invention of Dyneema^®, the world’s strongest fiber.

STERIS sells dental segment to an affiliate of Peak Rock CapitalJones Day advised STERIS Plc in the $787.5 million sale of Dental segment to Peak Rock Capital, a leading middle-market private investment firm.

Fairmount Santrol and Unimin merge creating CoviaJones Day advised Fairmount Santrol in its merger with Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV, in a tax-free, cash and stock transaction, creating a leader in proppant and industrial materials solutions.

Cintas acquires G&K Services for $2.2 billionJones Day advised Cintas Corporation in its acquisition of all of the outstanding shares of G&K Services, Inc. for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt.

Procter & Gamble sells its Fluocaril and Parogencyl oral care brands to UnileverJones Day advised The Procter & Gamble Company in the sale of its Fluocaril and Parogencyl oral care brands to Unilever.

TopBuild acquires Distribution International in all-cash transaction valued at $1.0 billionJones Day represented TopBuild in its acquisition of Distribution International from global private equity firm Advent International in an all-cash transaction valued at $1.0 billion.

GrafTech International proxy contest with Nilesh UndaviaJones Day advised GrafTech International Ltd. in its successful proxy contest defense against activist shareholder Nilesh Undavia. GrafTech’s Annual Meeting was held in May 2024.

Timken acquires Des-CaseJones Day advised The Timken Company in the acquisition of Des-Case Corp., a Nashville, Tenn.-based manufacturer of specialty filtration products for industrial lubricants.

Parker Hannifin acquires Exotic Metals Forming Company LLC for $1.725 billion cashJones Day advised Parker Hannifin Corporation in its $1.725 billion cash acquisition of Exotic Metals Forming Company LLC.

Gentex acquires VOXX InternationalJones Day is advising Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, in its acquisition of VOXX International Corporation (NASDAQ: VOXX), a worldwide leader in the automotive electronics and consumer electronics industries, in an all-cash transaction.

ABM acquires GCA Services Group for $1.25 billionJones Day advised ABM Industries, Inc. (NYSE: ABM), a leading provider of facility solutions, in its acquisition of GCA Services Group, a leading provider of facility services in the education and commercial industries, from affiliates of Thomas H. Lee Partners, L.P. and Goldman Sachs Merchant Banking Division for approximately $1.25 billion in cash and stock.

Galenica acquires Relypsa for $1.53 billionJones Day advised Galenica AG, a diversified group of companies active throughout the health care market, in its acquisition of Relypsa, Inc., a biopharmaceutical company focused on the discovery, development, and commercialization of polymeric medicines, pursuant to a tender offer in which Galenica paid $32 per share, or a total of $1.53 billion.

Polypore's Separation Media business sold to 3M for $1 billionJones Day advised Polypore International, Inc. on its $1 billion sale of its Separations Media business, which provides microporous membranes and modules for filtration in the life sciences, industrial, and specialty segments, to 3M Company.

January 23 - December 10, 2024 Firm Hosted

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2024 Public Company Speaker Series

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2024 Public Company Speaker Series

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