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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.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
