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- Carter Ledyard & Milburn LLP Assists Pall Corporation in Sale of State in Oiltools International Limited
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Carter Ledyard & Milburn LLP
CARTER LEDYARD & MILBURN LLP ASSISTS PALL CORPORATION IN SALE OF STAKE IN OILTOOLS INTERNATIONAL LIMITED
NEW YORK, July 2, 2004 – Carter Ledyard & Milburn LLP announced that it had represented Pall Corporation (NYSE: PLL) in connection with its sale of its investment in Oiltools International Limited. Pursuant to the contract of sale signed last fall and announced at that time, Pall received total consideration of about $22.4 million. Pall owned 20% of Oiltools common stock as well as certain preferred shares. The sale closed July 1, 2004.
The Carter Ledyard & Milburn working group for the transaction was led by Counsel Heywood Shelley and included associates Sandra Marino and Carey Williams on corporate matters and Counsel Richard Horne on tax matters.
Pall Corporation is the leader in the rapidly growing fields of filtration, separations and purification. Pall's business is organized around two broad markets: Life Sciences and Industrial. The Company provides leading-edge products to meet the demanding needs of customers in biotechnology, pharmaceuticals, transfusion medicine, semiconductors, municipal drinking water, aerospace and broad industrial markets. Total revenues are $1.6 billion. The Company headquarters are in East Hills, New York with operations in more than 30 countries. Further information is available at www.pall.com.
Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.
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