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.
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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.
