June 23, 2014 - Wisconsin Energy Company (NYSE: WEC) and Integrys Energy Group, Inc. (NYSE: TEG) today announced that they have entered into a definitive merger agreement under which Wisconsin Energy will acquire Integrys in a transaction valued at $9.1 billion. Cravath, Swaine & Moore LLP represented Integrys in connection with this transaction, which has been unanimously approved by the boards of directors of both companies and is expected to close in the summer of 2015, subject to receipt of shareholder and regulatory approvals and satisfaction of other customary closing conditions. Upon completion of the transaction, the combined company will be named WEC Energy Group, Inc.

The Cravath team was led by partners Mark I. Greene and Andrew R. Thompson and included associates Bomi Lee and David P. Willard (M&A); partner Michael L. Schler and associate Andrew Carlon (tax); partner Eric W. Hilfers and associate Matthew Cantor (executive compensation and benefits); and partner Christine A. Varney and associate Margaret Segall D'Amico (antitrust).