Fri.Sep 13, 2024

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Three and Vodafone’s $19B merger hits the skids as UK rules the deal would adversely impact customers and MVNOs

TechCrunch: M&A

The U.K.’s antitrust regulator has delivered its provisional ruling in a longstanding battle to combine two of the country’s major telecommunication operators. The Competition and Markets Authority (CMA) says that Three and Vodafone’s planned $19 billion merger — announced 15 months ago — could lead to higher prices for consumers, diminished service such as smaller […] © 2024 TechCrunch.

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August 2024 HSR Transaction Update

JD Supra: Mergers

The mergers and acquisitions (M&A) landscape remains a key area of focus for business and legal professionals, reflecting the broader economic climate and regulatory trends. For eDiscovery specialists, understanding the ebb and flow of M&A activity is critical in navigating the complexities of compliance, investigations, and litigation. The most recent statistics from the Premerger Notification Office offer valuable insight into current M&A activity, providing a useful benchmark for

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M&A Trends: Dealmakers Tap the Brakes Pending Election

Deal Lawyers

A recent Grant Thornton survey asked dealmakers about how the US presidential election was affecting their M&A activity.

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UK National Security and Investment Regime: Government Publishes Latest Annual Report

JD Supra: Mergers

The UK government has released its latest annual report on the National Security and Investment (NSI) Act, covering the period from 1 April 2023 to 31 March 2024. The report outlines key trends, statistics, and developments within the NSI regime, which empowers the government to scrutinize and intervene in acquisitions that may pose national security risks.

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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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Dyor App launches New Token Collection Feature

Global Banking & Finance

Queensway, Gibraltar, September 13th, 2024, Chainwire In the ever-evolving world of Web3, news and trends spread quickly, often leading to price volatility caused by unexpected events or regulatory shifts. With the constant influx of information, it has become essential for traders to filter out noise and focus on reliable data.

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Billionaire investor John Paulson says the Fed can 'move aggressively' on rate cuts

CNBC: Investing

The hedge fund veteran discussed his outlook for the Federal Reserve and his bullish view on gold.

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Blakes Competitive Edge™: September 2024 Update

JD Supra: Mergers

Welcome to the September 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 and foreign investment law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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Vodafone-Three merger: tens of millions could face higher bills, says UK watchdog

The Guardian: Mergers & Acquisitions

CMA fears customers least able to afford mobile services would be most affected by deal A proposed merger between the telecoms companies Vodafone and Three in the UK could lead to higher mobile bills for tens of millions mobile customers, the UK competition watchdog has warned. Announcing the provisional findings of its investigation into the deal, the Competition and Markets Authority (CMA) said it was particularly concerned that those customers least able to afford mobile services would be mos

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Stretching and Flexing - Part 1 Addressing Longer Hold Periods

JD Supra: Mergers

Patience is proving to be a virtue for a private equity industry that began 2024 sitting on more than 28,000 portfolio companies valued at more than $3 trillion, according to a report by Bain & Company, as average hold periods extend markedly beyond the traditional three- to five-year horizon.

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Provide Real Value in Your Applications with Data and Analytics

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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JPMorgan sees Netflix becoming a major advertising player, stock going to $750

CNBC: Investing

The Wall Street firm reaffirmed its bullish stance on the stock amid an anticipated boost in scale and monetization next year.

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What's Market: Alternative Dispute Resolution Provisions

JD Supra: Mergers

In M&A purchase agreements, the parties may stipulate certain non-judicial means for dealing with claims under the agreement (e.g., arbitration or mediation). These ADR provisions will govern how disputes between the parties are to be handled. Originally Published in Bloomberg Law.

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Stocks making the biggest moves premarket: Boeing, Oracle, Moderna and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

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Private Credit Deep Dives – Portability (Europe)

JD Supra: Mergers

One of the foundational provisions negotiated in almost every European leveraged loan agreement is the “Change of Control” definition and associated clauses. This provision is crucial because it directly impacts the risk profile of the loan from the lender’s perspective.

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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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Banks Offer Bonuses for Customers Opening New Accounts

The New York Times: Banking

Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.

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FCC Announces Effective Date of New Filing Requirements for Domestic Section 214 Transfer of Control Applications

JD Supra: Mergers

Wednesday, the Federal Communications Commission (FCC or Commission) announced September 11, 2024 as the effective date of two rules initially adopted in the agency’s Team Telecom Process Reform Report and Order.

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Miami Dolphins Deal Talks Gain Momentum

The New York Times: Mergers, Acquisitions and Dive

Owner Stephen Ross is talking to private equity firms after the N.F.L. changed the rules on what types of investors can buy into the league.

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California Passes Law Requiring Attorney General Approval for Certain Healthcare Investments and Emphasizes Requirements for MSO-PC Models

JD Supra: Mergers

Pre-Closing Notice or Consent: If signed by Governor Newsom, Assembly Bill 3129 (AB 3129) will mandate that, starting January 1, 2025, certain healthcare investors provide a 90-day written notice to, or obtain consent from, the California Attorney General (AG) before proceeding with transactions involving specific healthcare facilities and providers.

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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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BGC new futures exchange to launch later this month

The TRADE

BGC Group has set the date for the launch of its new futures exchange, FMX Futures Exchange. Backed by the likes of Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, JP Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo the new venue is set to go live on 23 September. The new venue is intending to rival the behemoths that dominate the futures trading venue sphere, namely CME Group, ICE, and Cboe global Markets.

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What's Market: Indemnity Baskets

JD Supra: Mergers

In merger and acquisition (M&A) transactions, the definitive purchase agreement, whether asset purchase agreement, stock purchase agreement, or merger agreement, typically contains representations and warranties made by the seller with respect to the target company. Representations and warranties not only provide information to the buyer, but also operate to allocate risk as between the buyer and seller with respect to the matters covered by the representations and warranties.

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Selling Your Business to a PE Group: What to Know as You Contemplate a Deal

Chesapeake Corporate Advisors

When you decide to sell your business, it is likely you will generate interest from various types of buyers. Since private equity (PE) investors are very active in the middle market, there is a good chance that one or more PE groups may make an offer on your company. The more you understand about the different deal structures a PE group might present and the potential outcomes post-transaction, the better equipped you will be to evaluate these offers.

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What's Market: Indemnity Escrows

JD Supra: Mergers

Merger and acquisition (M&A) purchase agreements generally include indemnification provisions, pursuant to which any given party (indemnitor) agrees to defend, hold harmless, and indemnify the other party or parties (indemnitees) from specified claims or damages. These typically include claims arising from a breach of the indemnitor's representations and warranties or covenants set forth in the purchase agreement, or with respect to other specific matters.

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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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Gold bulls set sights on previously dismissed record $3,000/oz milestone

Global Banking & Finance

By Anushree Ashish Mukherjee and Anjana Anil (Reuters) – Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S. presidential election race. Spot gold reached a historic high of $2,572.

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Evolution of Fueling Partner Success

Cisco: M&A

As you might have already seen this quarter, we are committed to moving forward with the Artificial Intelligence (AI) movement that Cisco is prioritizing. A type of Evolution that is going to require each of us to leave a mark as we work together to stay relevant, innovative, and competitive.

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A Sellers Guide to Choosing the Right Financial Buyer

Chesapeake Corporate Advisors

If you’re a seller who is evaluating the opportunity to partner with a private equity investor, it’s essential to understand the various characteristics of private equity funds that might be interested in your business. This blog will offer a high-level overview of the distinguishing factors and potential post-transaction outcomes that you should keep in mind when comparing offers from private equity groups.

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Greece asks EU for urgent response to soaring power prices, letter shows

Global Banking & Finance

By Angeliki Koutantou and Kate Abnett ATHENS/BRUSSELS (Reuters) – Greece’s prime minister has asked the EU to urgently respond to soaring power prices in central and eastern Europe, which Athens said are being exacerbated by Russian attacks on Ukraine’s energy infrastructure.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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StoneX to acquire fixed income broker Octo Finances

The TRADE

StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. The completion of the transaction is subject to regulatory approval and closing conditions. StoneX will acquire 100% of Octo Finances SA shares once complete. The move is designed to expand StoneX’s capabilities in fixed income and grow its presence in Europe, with a particular focus on France.

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Alchemy Partners with Cross Finance to Power dApp Development

Global Banking & Finance

San Francisco, USA, September 13th, 2024, Chainwire Alchemy, the leading web3 development platform, has officially partnered with Cross Finance, an innovative DeFi platform, to power dApp development on the CrossFi Chain.

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BOLLORE : DÉPÔT DU PROJET D’OFFRE PUBLIQUE DE RETRAIT SUIVIE D’UN RETRAIT OBLIGATOIRE VISANT LES ACTIONS DE LA SOCIÉTÉ FINANCIÈRE MONCEY INITIÉE PAR BOLLORÉ SE

Global Newswire by Notified: M&A

COMMUNIQUÉ DE PRESSE DU 13 SEPTEMBRE 2024 RELATIF AU DÉPÔT DU PROJET D’OFFRE PUBLIQUE DE RETRAIT SUIVIE D’UN RETRAIT OBLIGATOIRE composée d’une offre.

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