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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.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
