Publicis Groupe’s Kekst and Company unit is working Charter Communications’ aggressive $61B cash/stock bid for Time Warner Cable, which has ridiculed the offer as “grossly inadequate.”
In his Jan. 13 letter to TWC CEO Rob Marcus, Charter chief Tom Rutledge said the corporate marriage would “create maximum, long-term value for shareholders and employees of both companies.”
He noted the deal’s financing “is fully negotiated, and we can be in a position to sign commitment letters in a matter of days.”
Charter made takeover proposals to TWC in June and October. Rutledge and Marcus met in December to discuss Charter’s prior proposals and the challenges facing the cable TV business.
TWC, which is the No. 2 cable company after Comcast, has accused No. 4 Charter of trying to “steal” it.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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