 Joele Frank |
Joele Frank, Wilkinson Brimmer Katcher is working Broadcom's $130B offer for semiconductor rival Qualcomm in a deal that, if completed, would create a "one-stop shop for smartphone companies," according to the Financial Times.
The $70 a share cash/stock deal represents a 28 percent premium over Qualcomm's Nov. 2 closing stock price just prior to media speculation about the offer.
Broadcom CEO Hock Tan said the combined company would be a communications leader "positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced shareholder value."
Qualcomm has acknowledged receipt of the "non-binding, unsolicited proposal" and will assess the offer.
It noted significant opportunities already exist to "drive substantial additional value for its shareholders as its technology and product roadmap move into new industries."
Joele Frank, Steve Frankel and Andi Rose handle media surrounding Broadcom's bid.
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.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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