Paul, Hastings, Janofsky & Walker partner Rey Pascual in Atlanta advised longtime client TurboChef Technologies Inc. on its agreement to merge with Middleby Corp.
TurboChef and Middleby announced the merger agreement on Tuesday morning. Middleby is acquiring TurboChef for $200 million in cash and stock, according to The Deal. The companies expect to close the merger this year, subject to approval from TurboChef’s shareholders and regulators. Skadden, Arps, Slate, Meagher & Flom is Middleby’s legal adviser on the deal.
Pascual has been outside corporate counsel to TurboChef since 2004, when he was with Kilpatrick Stockton. TurboChef followed Pascual to Paul Hastings when he moved to that firm in February 2007. Former Kilpatrick Stockton attorney Dennis J. Stockwell is TurboChef’s general counsel.
TurboChef makes high-speed ovens used at the Subway restaurant chain, in Hyatt Hotels properties, and at sports stadiums like Lambeau Field in Green Bay, Wisc. Middleby, of Elgin, Ill., makes restaurant and foodservice cooking equipment.