Illinois Tool Works Acquires Click Commerce, Inc.
CHICAGO (October 26, 2006) — Click Commerce, Inc., a McDermott Will & Emery client, recently completed its acquisition by Illinois Tool Works Inc. (ITW). Under the definitive agreement and plan of merger, ITW acquired all of the outstanding common stock of Click Commerce for $22.75 per share via a tender offer and merger.
The McDermott team advising Click Commerce on this transaction was led by Chicago corporate partner Mark Harris and included Chicago lawyers John Bisbikis, Christopher Lin, Stephen Miller, William Pomierski, John Schetz, Jeremy Segal, Todd Solomon, Heidi Steele and Daniel Zucker. New York corporate lawyer Jeffrey Rothschild and Washington, D.C. antitrust lawyers Stefan Meisner and Carla Hine also assisted on the transaction.
Click Commerce, Inc. is a leading provider of on-demand supply chain management solutions which enables millions of users in 70 countries to collaborate, in real time, with business partners across the extended enterprise. For more information visit www.clickcommerce.com/.
McDermott’s mergers and acquisitions practice is a globally integrated team of corporate lawyers providing high-end M&A services to a broad range of clients around the world. We represent clients in both friendly and contested public company acquisitions, proxy contests, stock and asset acquisitions, and divestitures and joint ventures. We have extensive experience in complex transactions and work closely with members of our tax, antitrust and other key practice groups.
