Wed.Sep 18, 2024

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Public Company Watch: September 2024

JD Supra: Mergers

In the September edition of our Public Company Watch, we cover key issues impacting public companies, including updates regarding the most recent amendments to the Delaware General Corporate Law and the EU’s Corporate Sustainability Due Diligence Directive, the Federal Court’s striking down the FTC’s non-compete ban, the implications of the Loper and Corner Post decisions, and a new incentive for whistleblowers.

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Activism: Addressing Misstatements in Proxy Contests

Deal Lawyers

This recent HLS Blog from Kai H. E. Liekefett and Derek Zaba of Sidley Austin addresses what they characterize as an uptick in “half-truths and outright lies in proxy contests” by dissident shareholders.

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Indemnification Escrow Accounts – What Are They and How Should They Be Used?

JD Supra: Mergers

Parties to business acquisitions use indemnification clauses to provide security for harm that may result following the closing of the transaction. Indemnification obligations require one party to compensate the other for costs that arise relating to the performance (or lack thereof) of the terms the parties agreed to in the transaction documents.

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Redburn Atlantic expands Boston and Frankfurt sales trading team with two new hires

The TRADE

Redburn Atlantic has made two new hires within its sales trading teams in Boston and Frankfurt, The TRADE can reveal. Alexander Laux has been appointed as a new equity sales trader, based in Frankfurt, covering German clients primarily. Laux joins Redburn Atlantic from Barclays, where he spent the last 14 years. According to the firm, his experience in high touch, low touch and PT trading will help broaden the client base in Germany, which has already seen significant growth since the merger wit

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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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Update to FAQs regarding de-SPACs and submission of draft registration statements

JD Supra: Mergers

The 2012 JOBS Act permitted Emerging Growth Companies to initiate the IPO process by submitting their IPO registration statements confidentially to the SEC for nonpublic review by the SEC staff. The confidential process was intended to allow an EGC to defer the public disclosure of sensitive or competitive information until it was almost ready to market the offering—and potentially to avoid the public disclosure altogether if it ultimately decided not to proceed with the offering.

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Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian

The New York Times: Mergers, Acquisitions and Dive

The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.

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Traders got their big-rate-cut wish and markets still couldn't rally

CNBC: Investing

Stocks struggled to advance after the decision, after initially popping. Some investors believe the central bank may have jumped the gun.

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Central Banks Around the World Are Cutting Rates

The New York Times: Banking

Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.

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Biotech stocks are an unappreciated way to profit from lower rates, Goldman says

CNBC: Investing

As investors await the Fed rate decision Wednesday afternoon, Goldman highlighted to clients an overlooked group of stocks poised to benefit from the move.

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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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Routed Optical Networking Continues to Transform the Industry

Cisco: M&A

Learn why Cisco Routed Optical Networking has been deployed by more than 200 customers who have increased capacity, reduced energy consumption, and lowered network costs complexity, and footprint.

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Thursday's big stock stories: What's likely to move the market in the next trading session

CNBC: Investing

The Federal Reserve cut interest rates by a half point Wednesday afternoon. Here's what CNBC is watching going into Thursday.

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What Does the Fed Interest Rate Cut Mean?

The New York Times: Banking

On Wednesday, the Federal Reserve lowered the interest rate for the first time since 2020. Jeanna Smialek, a reporter covering the Federal Reserve and the U.S. economy for The New York Times, explains what the half-percentage-point cut could mean for the economy, politics and you.

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Apple could fall to $200 on iPhone worries and that's when you buy, says Morgan Stanley

CNBC: Investing

Concerns about iPhone lead times could send Apple shares lower in the near term, according to Morgan Stanley.

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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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ING bank tightens restrictions on oil and gas lending

Global Banking & Finance

By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief executive told Reuters.

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Here are Wednesday's biggest analyst calls: Nvidia, Apple, Meta, Marriott, Starbucks, Roku & more

CNBC: Investing

Here are Wednesday's biggest calls on Wall Street.

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UK supermarket sales growth slows after summer holidays

Global Banking & Finance

LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer holidays, industry data showed on Wednesday. Market researcher NIQ said UK supermarket sales rose 4% in the four weeks to Sept. 7, after rising by 5.5% in last month’s report.

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The Fed rate cut will boost these kinds of stocks the most, according to UBS

CNBC: Investing

UBS strategist Patrick Palfrey expects lower interest rates will especially benefit smaller, more volatile and less efficient companies.

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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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Artificial heart maker Carmat’s shares slide on $11.5 million capital hike

Global Banking & Finance

(Reuters) -Artificial heart maker Carmat announced a capital increase of an initial 10.3 million euros ($11.5 million) on Wednesday to cover “short-term working capital needs”, sending its shares down more than 13%.

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How to position your muni bond portfolio ahead of the election and potential tax law changes

CNBC: Investing

With the Federal Reserve rate cutting cycle expected to begin and the election more than a month away, now could be a good time to invest in municipal bonds.

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Fed policymakers see end-2024 policy rate at 4.4%: projections

Global Banking & Finance

WASHINGTON (Reuters) – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal and unemployment rises.

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Gold has rallied ahead of Fed rate cuts. Here's why there could still be more upside

CNBC: Investing

Gold often rallies after Fed rate cuts, but it has already raced ahead of stocks in 2024.

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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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Federal Reserve Cuts Interest Rates for the First Time in Four Years

The New York Times: Banking

Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large move.

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US stocks flat, dollar lower as traders brace for Fed easing

Global Banking & Finance

By Isla Binnie and Sruthi Shankar NEW YORK (Reuters) -Wall Street’s main stock indexes were broadly flat in early trade on Wednesday and the dollar weakened as traders weighed up the odds that the Federal Reserve’s expected decision to cut interest rates for the first time in more than four years later in the day […]

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Navigating the Sale of Your Business: Essential Tax Considerations

PCE

Selling your business is a major milestone—exciting but also complex, bringing with it a host of important questions: What type of sale is the right fit for you and your business? What are some ways to maximize your net proceeds? How can you avoid unexpected tax liabilities?

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Sterling rises after UK inflation data and ahead of Fed

Global Banking & Finance

By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.

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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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Project Expands Global Capabilities with Acquisition of Paris-Based Integrated Creative Agency MNSTR

Global Newswire by Notified: M&A

The Creative Agency Group’s Newest Addition Fuels Its Ambition to Deliver on Partner Brands’ Desire for Global Creativity and Growth The Creative Agency Group’s Newest Addition Fuels Its Ambition to Deliver on Partner Brands’ Desire for Global Creativity and Growth

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London stocks drop after inflation data, focus shifts to Fed

Global Banking & Finance

By Lisa Pauline Mattackal and Medha Singh (Reuters) -British stock indexes dropped on Wednesday as investors reined in bets on interest rate cuts by the Bank of England, while global risk sentiment was fragile ahead of a policy decision from the U.S. Federal Reserve later in the day. The blue-chip FTSE 100 ended 0.

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Market Moments That Matter | Pack Early for Your Next Capital Raise Excursion

Intrepid Banker Insights

Intrepid Investment Bankers Market Moments That Matter | Pack Early for Your Next Capital Raise Excursion Intrepid Capital Advisory MARKET MOMENTS THAT MATTER Planning and preparation are just as important in raising capital as they are in travel. Book your flights, create a detailed itinerary, and outline your packing list well in advance this fall – the line to get into the financing terminal will be long.