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Joele Frank handles Aerojet Rocketdyne as Lockheed Martin bails on the $4.4B acquisition of the aerospace and defense contractor.
Lockheed terminated the deal on Feb. 13 after the Federal Trade Commission filed a lawsuit seeking a preliminary injunction to block the deal that was announced Dec. 20, 2020.
The FTC believes the acquisition of the nation’s last independent maker of missile propulsion systems would raise prices and reduce competition.
Aerojet Rocketdyne remains confident in its future as an independent company.
It cited “an impressive backlog that is more than three times the size of our annual sales and a strong macroeconomic environment underpinning our portfolio,"
Joele Frank, Wilkinson Brimmer Katcher’s Sharon Stern and Katelyn Villany represent Aerojet Rocketdyne.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
