 Blake Moret |
Rockwell Automation is using Joele Frank, Wilkinson Brimmer Katcher as it rejects an unsolicited $28B takeover bid by Emerson, the St. Louis-based industrial/residential products giant.
After consulting with financial and legal advisors, Rockwell’s board unanimously decided that Emerson’s $200 per-share offer of stock/cash was not in the best interest of shareholders.
CEO Blake Moret said the board is confident that his management’s strategic direction and ability will deliver superior levels of growth and value creation.
Emerson confirmed the private offer made to the Milwaukee-headquartered company and said it “remains a disciplined acquirer and will only pursue transactions that are in the best interests of its shareholders.”
JF’s Barrett Golden, Jamie Moser and Scott Bisang rep Rockwell.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
