Fenwick represented Clif Bar & Company in its pending acquisition by Mondelēz International for $2.9 billion with additional contingent earnout consideration. Clif Bar is the leading U.S. maker of nutritious energy bars made with organic ingredients, including the CLIF®, LUNA® and CLIF KID® brands.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022. More information is available in the Mondelēz press release.
The Fenwick transaction team was led by Doug Cogen and included corporate attorneys David Michaels, Chris Gorman, Sam Fleuter, Joanna Xu, Matt Reiser, Christina Scully and Giovanna Soto; tax attorneys Adam Halpern, William Skinner and Einav Axler; trademark attorneys Connie Ellerbach and Jessica Chung; technology transactions attorneys Stephen Gillespie, Julia Chung and Lise Berichel; executive compensation and employee benefits attorneys Matt Cantor, Laura McIntyre and Christophe Delrieu; regulatory attorneys Thomas Ensign, Elizabeth Suarez and Kaylynn Noethlich; and litigation attorneys Dean Kristy and Vincent Barredo.