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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
