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Joele Frank represents Paramount Group as the real estate investment trust received an unsolicited takeover bid from Monarch Alternative Capital.
The $12 per share offer values Paramount, which owns, operates and manages Class A office buildings in New York and San Francisco at $2.2B.
Paramount, which promises to review the officer, sees a bright future the revival of the office building market as the COVID-19 pandemic winds down.
It reported brisk leasing growth during Q4 2021 that underscores the “substantial opportunities to drive financial growth as the company repositions assets to fit the needs of high-quality tenants.”
Joele Frank, Wilkinson Brimmer Katcher’s Jon Keehner and Andrew Siegel represent Paramount Group.
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.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
