American Lawyers' Big Deals
Richmond partners David Carter and John Gwathmey, and Richmond associate Clayton De Arment were mentioned in an April 28 American Lawyer article about Media General Inc. agreeing to buy LIN Media LLC for $2.6 billion on March 21. The deal created the United States’ second-largest pure-play television broadcaster. Media General will pay $1.6 billion in cash and stock for LIN as well as assuming approximately $968 million in debt.
The firm’s trio of lawyers represented the acquirer in the transaction.