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ASC Advisors represents Light Street Capital as it opposes Hellman & Friedman and Permira’s $10.2B cash deal to acquire Zendesk, San Francisco-based customer relationship management company.
Zendesk on June 24 agreed to a $77.50 per share offer, which represented a 34 percent premium on its closing stock price.
Light Street said in its Aug. 29 letter to Zendesk’s board the proposed transaction materially undervalues the company and is detrimental to shareholder interest.
The owner of two percent of Zendesk’s shares offered an alternative plan to the H&F/Permira acquisition, a program that includes a recapitalization, tender offer, stock buyback and revised corporate operating plan.
ASC Advisors’ Steve Bruce and Taylor Ingraham handle Light Street Capital.
FGS Global’s John Christiansen and Zachary Tramonti represented Zendesk in the H&F/Permira deal.
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.
