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Chobani withdraws a $10bn IPO after delays.?
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尼尔森 said that shareholders have voted to approve a $16bn transaction in which the measurement company would be acquired by a private equity group led by Elliott Investment Management L.P. and Brookfield .
Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange.
尼尔森 (led by David Kenny ) is advised by Allen & Company LLC. , J.P. 摩根 , PJT Partners , 贝克?麦坚时 (led by Alan Zoccolillo ), Clifford Chance , Corrs Chambers Westgarth (led by James Morley ), DLA Piper and Wachtell, Lipton, Rosen & Katz (led by Raaj Narayan ). J.P. 摩根 is advised by Cravath, Swaine & Moore LLP (led by George Schoen ) and White & Case LLP (Denise Cerasani). Brookfield (led by Dave Gregory ) is advised by Davis Polk & Wardwell LLP (led by Leonard Kreynin ) and Weil, Gotshal & Manges LLP (led by Jeff White ). Evergreen (led by Jesse Cohn) is advised by? 美国银行 , Barclays , 花旗 , 瑞信 , 汇丰 , 瑞穗实业银行 , Gibson Dunn and Herbert Smith Freehills (led by Gavin Davies ). Debt is provided Ares Capital , 美国银行 , Barclays , 花旗 ,? 汇丰 , KKR , 瑞穗实业银行 and Nomura .
Zendesk said the proposal made by investor Light Street Capital to remain a standalone public company and find a new boss was not "superior" to a $10.2bn takeover offer from Hellman & Friedman and Permira ,?Reuters?reported.
In a letter to Zendesk 's board on Monday, Light Street Capital proposed a recapitalization of the business. The plan consists of a $2bn preferred equity investment arranged by Light Street Capital and a $2bn incremental debt facility. And suggested that the software maker issue a $5 billion tender offer at $82.50 per share for shareholders who would like to sell their shares.
Zendesk (led by Mikkel Svane ) is advised by 高盛 , Qatalyst Partners , Wachtell, Lipton, Rosen & Katz (led by Steven Rosenblum ) and Sard Verbinnen & Co (led by John Christiansen ). Financial advisors are advised by Morrison Foerster (led by Spencer Klein ) and Sullivan & Cromwell LLP (led by Alison Ressler ). The bidders are advised by 摩根士丹利 , Dechert LLP (led by Mark Thierfelder ), Fried Frank , Kirkland & Ellis (led by Rick Campbell ), Simpson Thacher & Bartlett LLP (led by Atif Azher ), Finsbury Glover Hering (led by Winnie Lerner) and Sard Verbinnen & Co (led by Megan Bouchier ). Debt providers are advised by Latham & Watkins (led by Michael Benjamin).
NortonLifeLock , a firm that sells cybersecurity and identity protection for individual consumers, announced its $8.6bn merger with Avast , a provider of security software to the consumer market as measured by the number of users, is now expected to close on September 12, 2022, following the issuance of the UK Competition and Markets Authority's final report clearing the transaction.
NortonLifeLock (led by Vincent Pilette ) is advised by 德勤 , Evercore (led by Naveen Nataraj ), Kirkland & Ellis (led by Edward J. Lee ), Macfarlanes (led by Mark Sladeand) Sard Verbinnen & Co (led by Charles Chichester ). Debt financing is provided by 美国银行 and 富国银行 . Financial advisors are advised by Ashurst (led by Tom Mercer ) and Paul, Weiss, Rifkind, Wharton & Garrison LLP . Avast (led by Ondrej Vlcek ) is advised by J.P. 摩根 (led by Bill Hutchings ), 瑞银集团 (led by Christian Lesueur ), White & Case LLP (led by Jan Andru?ko ) and Finsbury Glover Hering (led by Dorothy Burwell).
A US administrative judge has ruled in favor of Illumina , a developer and manufacturer of integrated systems for the analysis of genetic variation and biological functions, $8bn acquisition of cancer detection test maker GRAIL ,?Reuters?reported.
"The Bureau of Competition is disappointed with this decision. We are reviewing the opinion and evaluating our options," Holly Vedova ,?FTC Director of the Bureau of Competition.
GRAIL (led by Hans Bishop) was advised by 摩根士丹利 (led by Clint Gartin), Latham & Watkins (led by Alex Voxman ), McDonald Hopkins LLC , Proskauer Rose LLP (led by Ori Solomon), Ropes & Gray LLP (led by Jason Freedman ) and Sard Verbinnen & Co (led by Paul Kranhold ). Illumina (led by Sam Samad ) was advised by 高盛 , Cravath, Swaine & Moore LLP (led by David Kappos ), Davis Polk & Wardwell LLP and Joele Frank (led by AMY FENG ). 高盛 was advised by 富而德律师事务所 (led by Ethan Klingsberg ). Debt was provided by 高盛 (led by Robert Ehudin ).
Chobani withdraws a $10bn IPO after delays.?
Chobani , a food company specializing in strained yogurt, said it is withdrawing its previously delayed initial public offering, after having pushed back the listing earlier this year.
Chobani said that it had determined not to pursue the IPO at this time, and that no securities had been sold in connection to it.
Chobani previously had planned to go forward with an IPO in the fall of 2021, and then in January of this year. The company initially targeted a valuation of as much as $7bn to $10bn. In March, Chobani put the planned listing on hold as several executives departed the company, including the company's president and its heads of strategy and corporate affairs. Chobani was planning to wait until at least the second half of 2022 or until 2023 to launch its IPO,?WSJ?reported.
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