Freshfields Advises TriNet Group, Inc. on $109m Modified Dutch Auction Tender Offer
Freshfields advised TriNet Group, Inc. on its modified "Dutch auction" tender offer to purchase for cash shares of its common stock. TriNet accepted for purchase 1,515,258 shares at a price of $72.00 per share, for an aggregate cost of approximately $109 million. TriNet’s common stock is listed on the New York Stock Exchange under the trading symbol “TNET”.
More details can be found here.
TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, and payroll, all enabled by industry leading technology capabilities. TriNet’s suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance.
The Freshfields capital markets team included Partner Sarah Solum, Counsel Taryn Zucker and Associates Jennifer Burrow and Taylor Todd. The employee benefits and executive compensation team consisted of Counsel Sarah Ghulamhussain. The tax team consisted of Partner Joe Soltis and Associate Brendan Counihan.
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