European Businessmen meet Appalachian Miners in Stock Sale
We represented the seller in a $45 million stock sale involving a large stone quarry operation in West Virginia with additional mineral rights and other assets in suburban Maryland. The purchaser was a multi-national public company based in the U.K. We deftly bridged the considerable culture gap between the Appalachian miners and the European businessmen, and by almost continuous negotiations, were able to hammer out a complex agreement, start to finish, over the Thanksgiving holiday. Since a transaction of this type involves (among other things) real estate, employee contracts, permits, mineral rights, equipment, vehicles and environmental issues, there is usually a period of several months between contract execution and closing. Since our client had a timing issue, the deal was closed over the Christmas holiday in a round-the-clock session. The purchaser was so impressed that they hired the firm for their next U.S. acquisition and future operations.