Wed.Nov 22, 2023

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Financial Sanctions—Ten Key Due Diligence Principles

JD Supra: Mergers

This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus of this second part is on due diligence.

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Amending the DGCL to Authorize ConEd Clauses?

Deal Lawyers

We’ve previously blogged about the DE Court of Chancery’s opinion in Crispo v. Musk (Del. Ch.; 10/23) stating that existing approaches to so-called “ConEd language” — each of which attempts to give a target the right to seek expectancy damages on behalf of their stockholders — may not be enforceable.

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Recent FTC Merger Settlement Signals Increased Antitrust Agency Concerns about Coordination from Competitor Entanglements

JD Supra: Mergers

Key Takeaways - An FTC merger settlement in the $5.2 billion transaction between EQT and Quantum, two producers of natural gas in the Appalachian Basin, signals the antitrust agencies’ new approach to analyzing the potential for coordination by examining touchpoints between merging parties and competitors.

Mergers 172
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Jefferies to launch new multi-asset trading platform

The TRADE

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The aim of the platform is to streamline multi-asset trading, reducing the number of accounts and apps used across asset classes by “providing clients with an intuitive and advanced platform with a superior trading experience across each of the tradable markets, all from one portal that can be accessed via a mobile app and web platforms”.

Trading 117
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Blakes Competitive Edge™: November 2023 Update

JD Supra: Mergers

Welcome to the November issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

More Trending

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New Fast-Track Liquidation Procedures in the Netherlands

JD Supra: Mergers

The Background: On November 15, 2023, the Temporary Fast-Track Liquidation Transparency Act (Tijdelijke Wet Transparantie Turboliquidatie) (the "Act") came into force in the Netherlands, temporarily changing certain statutory provisions in the Dutch Civil Code (Burgerlijk Wetboek), the Dutch Bankruptcy Act (Faillissementswet), and the Dutch Economic Offenses Act (Wet op de economische delicten).

Economics 167
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Here are the stocks — led by Microsoft — that matter most to hedge fund managers

CNBC: Investing

For investors seeking to follow the smart money, here are the stocks that mattered the most to these hedge fund managers.

Funds 141
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SimCorp launches real-time performance solution through new Investment Analytics Platform

The TRADE

SimCorp has introduced a new cloud-native performance attribution solution as part of the inaugural offering from its new Investment Analytics Platform. The solution was developed to meet increasing demand for accurate performance analytics and offers investors the ability to calculate performance attribution in real-time. “In today’s complex and fast-paced investment landscape, real-time performance attribution can provide transparency and clarity regarding the drivers of financial

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Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings

CNBC: Investing

Some investment banks see the AI chipmaker's shares climbing as high as $700.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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LMAX Group given green light for NDF trading in both Singapore and London

The TRADE

LMAX Exchange Singapore – LMAX Group’s subsidiary – has received regulatory approval to offer Non-Deliverable Forward (NDF) trading in both Singapore and London. The approval came from the Monetary Authority of Singapore (MAS) which granted the exchange a recognised market operator (RMO) licence. Through this move and the launch of NDFs, LMAX clients will be able to hedge their FX exposure against non-convertible currencies on a central limit order book (CLOB).

Trading 104
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Wells Fargo invests in Black businesses, American Express promotes small businesses

American Banker - Investment Banking

Wells Fargo makes a $1.5 million investment in Black entrepreneurship; America Express promotes small businesses through augmented reality; shareholders approve the Banc of California-PacWest merger; and more in the weekly banking news roundup.

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Cisco Learners: What’s in store for Cyber Monday 2023

Cisco: M&A

Each year, Cyber Monday has this amazing ability to sneak up on us. I’m willing to bet that I’m not the only one in the U.S. with that lingering summer-just-ended feeling.

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This tech stock may have disconnected from fundamentals on AI hype. How to bet against it

CNBC: Investing

Once a darling of the tech world, Dell stock is up nearly 120% in just over a year.

Stock 142
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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KKR-backed FGS bags Longview Communications and Public Affairs

PE Hub

Longview is a Vancouver-based communications and public affairs advisory company. The post KKR-backed FGS bags Longview Communications and Public Affairs appeared first on PE Hub.

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Want to pick a winning retail stock this holiday season? Watch for discounts and deflation

CNBC: Investing

Shoppers are worn down by inflation, but investors are wary of retailers that could get whacked by falling prices.

Retail 117
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FLJ Group Limited Entered into a Definitive Agreement to Acquire Alpha Mind Technology Limited

Global Newswire by Notified: M&A

SHANGHAI, China, Nov. 22, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (“FLJ” or the “Company”), today entered into an equity acquisition agreement (the “Equity Acquisition Agreement”) with Alpha Mind Technology Limited (the “Target Company” or “Alpha Mind”) and the Target Company’s shareholders (the “Sellers”) to acquire all the issued and outstanding shares in the Target Company for an aggregate purchase price of US$180,000,000 or RMB equivalent (the “Acquisition”).

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Capital Power to buy two US gas plants, partners with BlackRock

PE Hub

The net purchase price of the acquisitions is expected to be $1.1 billion (C$1.5 billion). The post Capital Power to buy two US gas plants, partners with BlackRock appeared first on PE Hub.

Capital 77
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Establishing and Keeping the Trust: The Cisco Duo Managed Services Story

Cisco: M&A

You’re about to close your day when you receive a call from your customer asking for an urgent meeting tomorrow.

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Copenhagen Infrastructure Partners unveils renewables platform Horizon

PE Hub

Based in Calgary, Horizon New Energy will be a power producer that owns both operational projects and a growing pipeline of projects under construction and in development. The post Copenhagen Infrastructure Partners unveils renewables platform Horizon appeared first on PE Hub.

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Global IoT Platform Market Size to Reach USD 36.01 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research & Development (R&D) activities related to Internet of Things (IoT) are key factors driving market revenue growth Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research & Development (R&D) activities related to Internet of Things (IoT) ar

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OpenGate Capital to acquire Cineplex’s amusement services biz

PE Hub

Player One Amusement Group serves around 2,400 customer locations and manages more than 20,000 equipment assets across North America. The post OpenGate Capital to acquire Cineplex’s amusement services biz appeared first on PE Hub.

Capital 75
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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Bytes of Delight: Snacking on Snack Minutes Videos

Cisco: M&A

Back in 2007, after months of intensive studying, I passed my first Cisco certification exam: the CCNA.

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Investors can get a 5.6% yield with this 'first-rate' ultrashort bond ETF

CNBC: Investing

Pimco's ultrashort bond ETF has an average duration of less than a year.

Investors 120
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Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions

PE Hub

Authentic Restaurant Brands, in October, added-on Fiesta Restaurant Group for $225 million. The post Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions appeared first on PE Hub.

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The turkey trade: These stocks have a history of doing well after Thanksgiving

CNBC: Investing

CNBC Pro screened for stocks that could rise following the Thanksgiving holiday.

Stock 117
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Form 8.5 (EPT/RI) - AMENDMENT - Velocys Plc.

Global Newswire by Notified: M&A

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule.

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Nomura names new global head of FX options trading

The TRADE

Ruchir Sharma has been appointed global head of foreign exchange option trading at Nomura following a stint at Deutsche Bank where he served as co-head of APAC global foreign exchange. Sharma takes over with immediate effect and will be based in London. He will report to Kevin Connors, co-head of global FX and emerging markets and is set to leverage his two decades of experience in FX markets.

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Benchmark International Remains The #1 Most Active Privately-held M&A Company Globally In The Latest Q3 League Tables From Pitchbook

Benchmark International

Benchmark International was recognized in PitchBook’s Q3 League Tables for 2023 as the #1 most active privately-held M&A company in the world. Other firms in the rankings focus on both the buy and sell sides or are accounting firms.

M&A 59