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Joele Frank, Wilkinson Brimmer Katcher represents Broadcom as it moves to acquire VMware cloud software company in a $69B deal, including debt, a deal that could signal a rebound in big corporate mergers, according to the Financial Times.
The transaction will transform the semiconductor company into a diversified tech powerhouse equipped to tackle the most pressing information infrastructure needs.
Broadcom CEO Hock Tan calls VMware an iconic pioneer and innovator in enterprise software.
“Collectively, we will deliver even more choice, value and innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era,” Tan said.
Michael Dell, chairman of VMware, says the merger is a “landmark moment” that provides shareholders and employees the opportunity to participate in meaningful upside.”
JFWBK’s Joele Frank, Tim Rangones and Arielle Rothstein handle Broadcom.
Sard Verbinnen & Co.’s Paul Kranhold, Pete Siwinski and Leah Polito work the VMware account.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
