Three mergers and acquisitions powerhouses — Cleary Gottlieb Steen & Hamilton LLP, Wachtell Lipton Rosen & Katz and Sullivan & Cromwell LLP — worked on CIT Group Inc.’s proposed $3.4 billion acquisition of OneWest Bank parent IMB Holdco LLC.

While Wachtell represented CIT, the commercial lender led by John Thain, and Cleary represented OneWest, Sullivan & Cromwell provided additional regulatory counsel for both parties because of its banking expertise.

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