Thomson Reuters Corporation (“Thomson Reuters”) (NYSE / TSX: TRI) has announced that it has signed a definitive agreement to acquire SurePrep, LLC, a US-based leader in 1040 tax automation software and services, for US$500 million in cash. Thomson Reuters expects to receive an estimated tax benefit with a net present value at time of purchase of approximately US$60 million as part of the transaction.
Latham & Watkins LLP represents Thomson Reuters in the transaction with a corporate deal team led by New York partners Leah Sauter and Peter Harwich, with associates Megan Staub and Aubrey Steiger. Advice was also provided on tax matters by New York partner Eric Kamerman, with associate Ron Moore; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Nicole Nour and Maria Adebayo; on data privacy matters by Houston counsel Robert Brown, with associate Kiara Vaughn; on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White; on trade controls matters by Washington, D.C. partner Les Carnegie, with associate Elizabeth Annis; on CFIUS matters by Washington, D.C. partner Damara Chambers; and on compliance matters by Washington, D.C. counsel Katherine Sawyer.
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