August 24, 2015 -- Southern Company and AGL Resources today announced that the boards of directors of both companies have approved a definitive merger agreement to create America's leading U.S. electric and gas utility company. Pursuant to the agreement, Southern Company will acquire AGL Resources for cash in a transaction with an enterprise value of approximately $12 billion, including a total equity value of approximately $8 billion. Cravath, Swaine & Moore LLP is representing AGL Resources in connection with this transaction. 

The Cravath team is being led by partners Richard Hall and Andrew R. Thompson and includes associates Jared B. Taylor, Christopher S. Boutros and Feihong Xu (M&A); partner Eric W. Hilfers and associate Matthew Cantor (executive compensation and benefits); partner Christopher K. Fargo, senior attorney Andrew Carlon and associate Sara L. Lykken (tax); partner David J. Kappos and associate Christopher P. Davis (intellectual property); partner Christine A. Varney and associate Caitlin N. Fitzpatrick (antitrust); partner George E. Zobitz (financing); and senior attorney Annmarie M. Terraciano (environmental).