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Joele Frank, Wilkinson Brimmer Katcher represents Southwest Gas Holdings as the Las Vegas-based company seeks to fend off a takeover bid by corporate raider Carl Icahn.
The billionaire investor opposes Southwest’s proposed $2B acquisition of Questar Pipeline Co. from Dominion Energy.
His Icahn Enterprises LP. has offered to buy Southwest for $75 per share and threatened a proxy fight at the 2022 annual meeting.
Southwest on Nov. 15 rejected Icahn’s “unsolicited, inadequate, structurally coercive, highly conditional and illusory tender offer.”
It promised to review Icahn’s slate of board nominees and announce the date of the annual meeting in due course.
Southwest, which serves Arizona, California and Nevada, generated $3.5B in revenues and $234M in net income for the year ended Sept. 30.
JFWBK’s Dan Katcher and Tim Lynch handle Southwest Gas.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
