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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.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
