Shearman & Sterling advised Credit Suisse Securities (USA) LLC as dealer manager in connection with a modified “Dutch auction” cash tender offer by Insperity, Inc. ("Insperity") to repurchase shares of its common stock up to an aggregate purchase price of $125 million. The tender offer was launched on December 8, 2015 and settlement occurred on January 13, 2016.
Insperity, a trusted adviser to America’s best businesses for more than 29 years, provides an array of human resources and business solutions designed to help improve business performance.
The Shearman & Sterling team comprised partner Robert Evans (New York-Capital Markets) and associate Yi Han Goh (New York-Capital Markets). Associate Michael Daly (Washington, DC-Tax) also worked on the transaction.