UPDATEDBrian Baxter and Meghan Tribe, The Am Law Daily
Deal Watch: Cravath Leads on Time Warner, Tobacco Mega-Mergers
Christmas has come early to Cravath, Swaine & Moore. The firm is advising British American Tobacco on a $47 billion cash-and-stock bid for the remaining stake in cigarette giant Reynolds American it doesn’t already own. Meanwhile, another longtime Cravath client, Time Warner Inc., has agreed on a $108.7 billion sale to AT&T.