Mondelez’s $2.9 Billion Acquisition of Clif Bar & Company

Fenwick & West LLP advised Clif Bar & Company on the deal.

Clif Bar & Company announced its pending acquisition by Mondelez International for $2.9 billion with additional contingent earnout consideration. Clif Bar is the leading U.S. maker of nutritious energy bars made with organic ingredients, including the CLIF®, LUNA® and CLIF KID® brands.

The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022.

The Fenwick transaction team was led by Doug Cogen (Picture) and included corporate attorneys David Michaels, Chris Gorman, Sam Fleuter, Joanna Xu, Matt Reiser, Christina Scully and Giovanna Soto; tax attorneys Adam Halpern, William Skinner and Einav Axler; trademark attorneys Connie Ellerbach and Jessica Chung; technology transactions attorneys Stephen Gillespie, Julia Chung and Lise Berichel; executive compensation and employee benefits attorneys Matt Cantor, Laura McIntyre and Christophe Delrieu; regulatory attorneys Thomas Ensign, Elizabeth Suarez and Kaylynn Noethlich; and litigation attorneys Dean Kristy and Vincent Barredo.

 

Involved fees earner: Einav Axler – Fenwick & West LLP; Vincent Barredo – Fenwick & West LLP; Lise Berichel – Fenwick & West LLP; Matthew Cantor – Fenwick & West LLP; Jessica Chung – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Douglas Cogen – Fenwick & West LLP; Christophe Delrieu – Fenwick & West LLP; Connie Ellerbach – Fenwick & West LLP; Thomas Ensign – Fenwick & West LLP; Samuel Fleuter – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Christopher Gorman – Fenwick & West LLP; Adam Halpern – Fenwick & West LLP; Dean Kristy – Fenwick & West LLP; Laura McIntyre – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Kaylynn Noethlich – Fenwick & West LLP; Matthew Reiser – Fenwick & West LLP; Christina Scully – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Giovanna Soto – Fenwick & West LLP; Elizabeth Suarez – Fenwick & West LLP; Joanna Xu – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Clif Bar & Company;

Martina Bellini

Author: Martina Bellini