Solar power giant SolarCity has engaged PR, financial and legal counsel amid to weigh Tesla Motors' $2.8B takeover offer.
Joele Frank, Wilkinson Brimmer Katcher is providing PR counsel to the publicly traded, San Mateo, Calif.-based company, which has formed a special committee of its board to evaluate Tesla's June 20, all-stock overture. Law firm Skadden, Arps, Slate, Meagher & Flom and financial advisor Lazard round out SolarCity's advisors in the deal.
Joele Frank San Francisco partners Eric Brielmann and Jed Repko are counseling SolarCity on the PR front.
The Wall Street Journal noted Tesla and SolarCity have numerous overlapping interests on their boards, including chairman and top shareholder Elon Musk.
SolarCity's independent committee includes two directors without connections to Tesla.
The bid has received a tepid reaction from Wall Street.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
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 and Gagnier Communications are handling 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.
