SPECIAL COMMITTEE &
FAIRNESS OPINON PRACTICE

Selected transactions include the following:

Barclays Bank PLC Rendered a fairness opinion to Barclays Bank PLC, the majority shareholder of New World Network, Ltd (NWN) in connection with the exercise of drag-along rights forcing minority shareholders to tender their shares into a tender offer by Columbus NWNIL for NWN shares.
Barnes & Noble, Inc. PJSC represented the Special Committee of the Independent Directors of Barnes & Noble, Inc. in connection with the Company’s $240 million purchase of Babbage’s Etc., LLC, which was controlled by Leonard Riggio, Barnes & Noble’s Chairman and Chief Executive Officer.*
Borders Group, Inc. PJSC represented the Special Committee of Independent Directors of Borders Group, Inc. in an evaluation of the company’s strategic and financial alternatives.
Claire’s Stores, Inc.

PJSC rendered a fairness opinion to the Board of Directors of Claire's Stores, Inc. in connection with its $3.1 billion sale to Apollo Management LP.

CommScope, Inc. PJSC represented the Board of Directors of CommScope, Inc. in connection with the Company’s acquisition, through a joint venture with Furakawa Electric Co., of the fiber optic cable business of Lucent, Inc. for $1.3 billion.*
Concord Fabrics PJSC represented the Special Committee of Independent Directors in connection with a going private transaction involving the management of the Company.
Convera Corporation PJSC rendered a fairness opinion to the Board of Directors of Convera Corporation in connection with the sale of its RetrievalWare business for $23 million to FAST Search and Transfer
dELiA*s Corp. PJSC represented a Special Committee of the Independent Directors of dELiA*s in connection with an investment by company management.
Electronics Boutique Holding Corp.

PJSC represented the Board of Directors of Electronics Boutique Holding Corp. in connection with its $1.4 billion sale to GameStop Corp.

Finish Line Inc. PJSC rendered a fairness opinion to the Board of Directors of Finish Line Inc. in its pending $1.5 billion acquisition of Genesco Inc.
Guitar Center, Inc.

Rendered a fairness opinion to the Special Committee of the Board of Directors of Guitar Center, Inc. in connection with its $1.9 billion sale to Bain Capital Partners, LLC.

Harrah’s Entertainment Inc.

PJSC rendered a fairness opinion to the Board of Directors of Harrah's Entertainment Inc. in connection with its $27.8 billion sale to Apollo Management LP and Texas Pacific Group.

Henry Schein Inc. PJSC represented Henry Schein's Board of Directors in connection with the company's acquisition of Darby Medical Supply Company, Darby Dental Laboratory Supply Co., and Island Dental Co.
Hollywood Media Corp. PJSC rendered a fairness opinion to the  board of directors in connection with the sale of its Broadway Ticketing Division.
IBP, Inc. PJSC represented the Special Committee of the Independent Directors of IBP, Inc. in connection with its $4.7 billion sale to Tyson Foods, Inc.*
Instinet Group PJSC represented the Special Committee of Independent Directors of Instinet Group, Inc., a Company 62% owned by Reuters Group, in connection with its $21.5 million acquisition Bridge Trading Company, a wholly-owned subsidiary of Reuters
Marsh Supermarkets, Inc PJSC represented the Special Committee of Independent Directors of Marsh Supermarkets, Inc. in connection with its merger with MSH Supermarkets Holding Corp., an affiliate of Sun Capital Partners, Inc.
Marvel Enterprises PJSC represented the Special Committee of Independent Directors in connection with the repurchase of $50 million of high yield notes from the largest common stockholder of the company.*
May Department Stores Company PJSC provided Independent Fairness Opinion to May Department Stores Company in connection with its $17.1 billion merger with Federated Department Stores Inc.
MCSi, Inc. PJSC represented the Special Committee of the Independent Directors of MCSi, Inc. (over $350 million in enterprise value) in connection with an evaluation of strategic alternatives including a refinancing of debt, private equity investment or sale/merger.
MEM, Inc. PJSC represented the Special Committee of Independent Directors of MEM, Inc. in connection with its sale to Renaissance Cosmetics, Inc.*
Panavision Inc.

PJSC represented the Special Committee of Independent Directors of Panavision Inc. in connection with the conversion of its Series D and Series E preferred stock, owned by its control common shareholder, into common stock.

PJSC rendered an independent fairness opinion in connection with the change in the terms of a credit agreement between Panavision Inc. and MacAndrews & Forbes Inc., its majority shareholder.

PJSC represented the Special Committee of Independent Directors in connection with a going-private transaction sponsored by MacAndrews & Forbes.

S&C Electric Company PJSC rendered multiple opinions regarding the repurchase of stock from related parties.
Solomon Page PJSC represented the ownership and management of the Company in its negotiations with the Special Committee of Independent Directors in connection with a going private transaction involving the management of the Company.
TTI, Inc. PJSC represented a Special Committee of the Bank Group at Transportation Technologies Industries, Inc. (“TTII”) in connection with TTII’s sale of its ownership interest in Johnstown America Corp. to certain owners of TTII.*
Zenith Corporation PJSC represented the Special Committee of the Independent Directors of Zenith Corporation in connection with its prepackaged chapter 11 case as well as targeted divestitures and an operational restructuring.
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