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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.
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 handles 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.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
