IR specialty shop Abernathy tipped to be on the block

NEW YORK: Investor relations specialist Abernathy MacGregor Frank has reportedly revived talks aimed at selling all or part of the agency. If rumors that surfaced in New York City last week are to believed, possible suitors include a handful of global giants, including GCI and Fleishman-Hillard.

NEW YORK: Investor relations specialist Abernathy MacGregor Frank has reportedly revived talks aimed at selling all or part of the agency. If rumors that surfaced in New York City last week are to believed, possible suitors include a handful of global giants, including GCI and Fleishman-Hillard.

NEW YORK: Investor relations specialist Abernathy MacGregor Frank

has reportedly revived talks aimed at selling all or part of the agency.

If rumors that surfaced in New York City last week are to believed,

possible suitors include a handful of global giants, including GCI and

Fleishman-Hillard.



Agency founders Jim Abernathy and James MacGregor are said to be looking

at ways to capitalize on the company’s status as one of a handful of IR

boutiques capable of handling multimillion dollar mergers and IPOs. The

firm’s corporate savvy was on full display in September when it handled

the CBS/ Viacom merger announcement (PRWeek, Sept. 13).



Sources close to AMF management denied the firm was ’in play,’ but

added, ’There have obviously been a lot of discussions.’ While Abernathy

and MacGregor hold majority interest in the firm, third partner Joele

Frank is reportedly looking to increase her stake in the company. The

sources said that if Frank is able to accomplish this, a sale would be

considerably more likely.



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