 Joele Frank |
Joele Frank, Wilkinson Brimmer Katcher is working Broadcom's $130B offer for semiconductor rival Qualcomm in a deal that, if completed, would create a "one-stop shop for smartphone companies," according to the Financial Times.
The $70 a share cash/stock deal represents a 28 percent premium over Qualcomm's Nov. 2 closing stock price just prior to media speculation about the offer.
Broadcom CEO Hock Tan said the combined company would be a communications leader "positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced shareholder value."
Qualcomm has acknowledged receipt of the "non-binding, unsolicited proposal" and will assess the offer.
It noted significant opportunities already exist to "drive substantial additional value for its shareholders as its technology and product roadmap move into new industries."
Joele Frank, Steve Frankel and Andi Rose handle media surrounding Broadcom's bid.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
