Publicly traded automotive service chain Pep Boys has engaged Joele Frank for PR support as it nixes a merger plan with Bridgestone Retail in favor of a larger cash offer from investor Carl Icahn.
Philadelphia-based Pep Boys said Wednesday that its board deemed Icahn's $15.50-per-share pitch a superior proposal to its October agreement and subsequent $15-per-share tender offer by Bridgestone. The board said it intends to terminate the Bridgestone deal.
Joele Frank founding partner Dan Katcher leads the Pep Boys work for the firm.
Proxy solicitation and financial comms. firm D.F. King & Co. is aiding Nashville-based Bridgestone.
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.
