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Sard Verbinnen & Co. represents American Equity Investment Life Holding Co. as the insurer receives a $3B takeover offer from Massachusetts Mutual Life and Athene Holding Ltd.
The Wall Street Journal notes that American Equity’s annuities and retirement income products are popular among conservative investors.
The deal would be the latest move in the consolidation of the insurance industry.
American Equity’s board is reviewing the unsolicited bid and will determine if it represents the best interests of shareholders.
MassMutual, which would own an 80 percent stake in American Equity, promises to keep the management of the West Des Moines-based company intact.
Sard Verbinnen’s George Sard, Jared Levy and Jamie Tully handle American Equity.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
