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Article: Merger mania prompts takeover specialty firm to open L.A. branch. (proxy solicitation firm MacKenzie Partners Inc.; Los Angeles, California)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 10, 1997
- Author:
CopyrightCOPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In what could be a sign of the times, the proxy solicitation firm MacKenzie Partners Inc. has opened up a branch in Century City to help those involved in corporate takeover battles, mergers and tender offers.
The mergers and acquisitions business is definitely hot.
Century City-based Houlihan Lokey Howard & Zukin reports that M&A activity in 1996 reached $492.9 billion on 2,656 deals, far surpassing the former record of $360.5 billion, on 1,779 deals, set in 1995.
The new MacKenzie office will be headed by industry veteran John Kelly, once of D.F. King Inc. (a New York City-based proxy solicitation firm).
So what do proxy solicitation firms ...