Daniel Litowitz

Daniel Litowitz

Partner

Email

daniel.litowitz@aoshearman.com

Phone

+1 212 848 7784

Offices

New York

V-CARD
Dan is US Deputy Co-Head of M&A. He has over two decades of experience advising U.S. and multinational public companies in a broad range of public and private transactions, including mergers, hostile acquisitions, tender and exchange offers, acquisition and disposition transactions, and joint ventures.

He has advised his clients on several industry transformational deals across industries and regularly advises boards and senior management of his public company clients with their governance issues as well as strategic M&A.

He started his career at Shearman in 1999 and was a member of the M&A practice until 2010; he rejoined Shearman in 2014. Most recently, he was the Deputy Practice Group Leader of the Global M&A Group at Shearman before the merger.

Expertise

Industries

Experience

Representative matters

  • CVS Health Corp. in its $10.6 billion acquisition of NYSE-listed Oak Street Health. This deal was awarded Americas Corporate M&A Mega Deal of The Year - The M&A Atlas Awards, 2023
  • CVS Health Corp. in its $69 billion acquisition of NYSE-listed Aetna Inc. This industry-transformative deal was awarded M&A Deal of the Year - The American Lawyer, 2018
  • JetBlue Airways Corp. in its attempted $3.8 billion acquisition of Spirit Airlines following JetBlue’s hostile, all cash tender offer to acquire Spirit for $30 per share and its “vote no” proxy campaign against Spirit’s $2.9 billion merger with Frontier Group
  • Paramount Global (f/k/a ViacomCBS Inc.) in the $30 billion merger with CBS Corporation, reuniting two companies that separated in 2005. This deal was awarded Most Innovative Deal of the Year - The Deal, 2020
  • Liberty Global plc in its re-domiciliation of the listed company from the United Kingdom to Bermuda. This transaction, which required shareholder approval, was accomplished through a U.K. scheme of arrangement
  • CVS Health Corp. in the acquisition of US Bioservices Corporation from AmerisourceBergen Corporation
  • JetBlue Airways Corp. in the entry into the Northeast Alliance, a strategic partnership with American Airlines
  • JetBlue Airways Corp. in its entry into a co-brand credit card agreement with Barclaycard
  • JetBlue Airways Corp. in the acquisition of slots from American Airlines, Inc. in connection with the merger of American Airlines, Inc. and US Airways Group, Inc.
  • JetBlue Airways Corp. in the sale to Deutsche Lufthansa AG of 19% of JetBlue’s outstanding common stock
  • Paramount Global (f/k/a ViacomCBS Inc.) in its $1.6 billion sale of Simon & Schuster to an affiliate of KKR. This deal occurred after the U.S. Department of Justice blocked Paramount’s attempted sale of Simon & Schuster to Penguin Random House, a subsidiary of Bertelsmann AG
  • Paramount Global (f/k/a ViacomCBS Inc.) in its $500 million sale of CNET Media Group to Red Ventures
  • Paramount Global (f/k/a ViacomCBS Inc.) in the separation of Viacom Inc. and CBS Corporation into two publicly traded companies
  • Paramount Global (f/k/a ViacomCBS Inc.) in its distribution of its interest in Blockbuster Inc. through a split-off exchange offer
  • Liberty Global plc in its pending spin-off of Sunrise, its Swiss telecommunications business, as well as its prior €6.3 billion acquisition of Sunrise Communications Group AG
  • Liberty Global plc in its acquisition of a 4.92% stake in Vodafone Group plc
  • Liberty Global plc in the U.S. aspects of its £31 billion joint venture with Telefónica SA to merge their Virgin Media and O2 operations in the UK
  • Liberty Global plc in the U.S. aspects of its purchase of full control of Telenet Group Holding NV
  • Liberty Global plc in its $2.7 billion self tender for its Nasdaq-listed Class A Shares and Class C Shares
  • Albemarle Corporation in its acquisition, through a joint venture with Mineral Resources Limited, of the Wodgina Hard Rock Lithium Mine and in the $3.2 billion sale of its Chemetall Surface Treatment business to BASF SE
  • Blue Cross Blue Shield of Michigan in its sale of the assets of Meadowbrook Insurance Agency to Arthur J. Gallagher and its $740 million acquisition, through its wholly-owned subsidiary Accident Fund Insurance Company of America, of AmeriTrust Group, Inc. from Fosun International Limited
  • Goldman Sachs Bank, on behalf of Marcus, its consumer digital finance business unit, in the $1.9 billion purchase of the General Motors co-branded credit card portfolio from Capital One and in the entry of multiple sales finance lending platforms
  • Citigroup Inc. in its acquisition and disposition of various domestic and international credit card portfolios, including its acquisition of the credit card portfolios and entry into related credit card program agreements with Costco, L.L.Bean, Brooks Brothers, Home Depot and Macy’s
  • Comenity Bank, a subsidiary of Alliance Data Systems, in the sales of each of the PayPal, HSN and Crate & Barrel credit card portfolios to Synchrony Financial
  • Glatfelter Corporation in its $308 million acquisition of the Jacob Holm Group, its separate acquisitions of Georgia-Pacific’s U.S. and European nonwovens businesses for $175 million and $185 million, respectively, its $360 million sale of its Specialty Paper Business Unit to Lindsay Goldberg LLC, its $235 million acquisition of Concert Industries Corp.
  • Bunge Limited in its sale of certain of its U.S. grain origination elevators to Zen-Noh Grain Corporation, and its $946 million acquisition of 70% of Loders Croklaan from IOI Corporation Berhad
  • Advanced Disposal Services, Inc. in its $4.6 billion public company acquisition by Waste Management, Inc. and related regulatory divestitures to GFL Environmental, Inc.
  • Altice USA, Inc. in its spin off from Altice N.V. Cisco Systems, Inc. in its acquisition of Singularity Networks, Inc.
  • American Axle & Manufacturing Holdings, Inc. in connection with its $1.6 billion cash and stock public company acquisition of Metaldyne Performance Group Inc.
  • Wausau Paper Corp. in its $513 million public company acquisition by Svenska Cellulosa Aktiebolaget
  • The Dun & Bradstreet Corporation in the sale of its business in Latin America and the acquisition of Dun & Bradstreet Credibility Corporation
  • The Dow Chemical Company in its $18.8 billion public company acquisition of Rohm and Haas Company and the disposition of its Morton Salt business for $1.675 billion
  • Nokia Corporation in its $8.1 billion public company acquisition of NAVTEQ Corporation
  • Cadbury Schweppes plc in its divestiture of its Americas beverages business and the listing of Dr Pepper Snapple Group, Inc. on the NYSE, in its acquisition of the Adams confectionary business from Pfizer Inc. and in the sale of its international carbonated soft drink business to The Coca-Cola Company
  • NBC Universal, Inc. in the restructuring of its investment in ION Media Networks, Inc. (f/k/a Paxson Communications Corporation)
  • Credit Suisse Group in its $11.5 billion public company acquisition of Donaldson, Lufkin & Jenrette, Inc.

Awards

  • Recognized as a “Notable Practitioner” for M&A / transactional private equity in the U.S., IFLR1000 2024
  • Recommended Lawyer for M&A/Corporate and Commercial: M&A: Large Deals ($1Bn +), Legal500, 2024
  • “Dan Litowitz offers consistent top-tier advice and services...”, Legal500, 2024
  • Named Law360 M&A "MVP", 2023
  • Recommended Lawyer, M&A/Corporate and Commercial: M&A: Large Deals ($1BN+), Legal 500 USA, 2023

Qualifications

Admissions

New York, 2000

Academic

B.A., Johns Hopkins University, 1996

J.D., New York University School of Law, 1999

Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.