Under the terms of the merger agreement, each holder of shares of CommerceHub common stock will receive $22.75 in cash per share. The transaction is subject to customary closing conditions, including the receipt of stockholder and regulatory approvals. Closing is expected to occur in the third quarter of 2018.
CommerceHub, which is headquartered in Albany, New York, is a SaaS+ distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 11,500 retailers, brands, and distributors achieve an estimated $16 billion in Gross Merchandise Value in 2017.
The firm has represented CommerceHub for a number of years, including in connection with its spin-off as a public company in July 2016.
The Baker Botts team (all New York unless otherwise noted):
Corporate: Renee Wilm (Partner), Jonathan Gordon (Partner), Adorys Velazquez (Partner), Beverly Reyes (Partner), Justin Blass (Associate), Bryan Henderson (Senior Associate, Dallas), Jennifer Ybarra (Associate, Dallas), Stephen DiMaria (Law Clerk)
Tax: Tamar Stanley (Partner, Washington), Jon Lobb (Partner, Houston), Peter Farrell (Associate, Washington)
Employee Benefits: Rob Fowler (Partner, Houston), Stephanie Jeane (Associate, Washington)
Antitrust: Stephen Weissman (Partner, Washington), Paul Cuomo (Partner, Washington), Tom Carter (Associate, Washington)
Finance: Dan Tristan (Partner, Houston)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.