Fri.Jul 19, 2024

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M&A activity heats up with Wiz, Graphcore, etc.

TechCrunch: M&A

This week, Google is in discussions to pay $23 billion for cloud security startup Wiz, SoftBank acquires Graphcore, and more. © 2024 TechCrunch. All rights reserved. For personal use only.

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UK Supreme Court confirms no deduction for expenses related to share and asset sale

JD Supra: Mergers

On 16 July 2024, the UK Supreme Court (SC) published its judgment in the case of Centrica Overseas Holdings Ltd (COHL) v HMRC. The ruling addresses the issue of whether professional advisory fees incurred in contemplation of a sale of a group company (actually resulting in a sale of a business) can be deducted as expenses of management by a holding company when calculating its liability for corporation tax.

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More on “Is MFW Worth the Trouble?”

Deal Lawyers

Earlier this week, I blogged about a Richards Layton article addressing how the MFW defense has fared in the Delaware courts in the decade since the Delaware Supreme Court established the MFW framework. The article observed that the success of the defense has declined markedly in recent years.

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Delaware Enacts Controversial Market Practice Amendments to Its General Corporation Law

JD Supra: Mergers

Delaware’s Legislature passed significant amendments to the Delaware General Corporation Law (the “DGCL”) in June, at the end of its legislative session. These amendments were signed into law by Governor John Carney on July 17, 2024, and will become effective on August 1, 2024. The amendments were largely intended to overturn three recent decisions of Delaware’s Court of Chancery.

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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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Boardroom Focus: Communications Compliance

Cisco: M&A

Cisco Webex in collaboration with a partner,provides a compliance and security solution tailored for digital communications within the Webex Suite, serving major organizations like top North American banks.

More Trending

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Walmart has the advantage for back-to-school — and that's really bad news for this retail stock

CNBC: Investing

Sticky inflation has produced savvy consumers, who are very deliberate about where they spend their money. That's an advantage for some retailers.

Retail 109
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Chinese Mobility in the USMCA Region: A Choking Process that will Upend the U.S. and Mexican Automotive Industries

JD Supra: Mergers

The United States-Mexico-Canada Agreement (USMCA) automotive sector must be prepared to navigate a new set of requirements that will likely reshape supply chains, impact costs, and alter the competitive dynamics within the industry.

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Ford Motor is among the most overbought stocks in the S&P 500 this week. Here are the others

CNBC: Investing

A major market rotation has left some stocks more vulnerable to a pullback, even though the broader market is down for the week.

S&P 116
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IP Assignment Agreements: Protecting Your Company Today and Saving Yourself from Headaches Tomorrow

JD Supra: Mergers

For nearly all companies, but particularly companies in the technology sector, the intellectual property ("IP") they create are the crown jewels of the business. Without the IP, the company has nothing to sell.

Business 167
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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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Goldman Sachs gets cautious on stocks, sees risk of a late summer correction

CNBC: Investing

Goldman Sachs is warning clients of a summer correction in the stock market as economic growth slows down and political risks rise.

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HOA Diligence for Manufactured Housing Investors

JD Supra: Mergers

While a strong relationship with a residents' association can benefit the successful operation of any manufactured housing community (an "MHC"), in certain states, understanding residents' and resident associations' statutory rights can be critical to a successful purchase of or exit from an MHC.

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11 Ways Conversational AI is Improving Efficiency and Reducing Costs in Banking

Global Banking & Finance

Conversational AI has revolutionized the banking experience, making it efficient even during the busiest times. Instead of navigating through lengthy procedures to find information, customers can now interact with AI chatbots for immediate assistance. These smart chatbots simply comprehend and resolve queries in mere seconds.

Bank 87
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Delaware governor approves significant amendments to the Delaware General Corporation Law

JD Supra: Mergers

On July 17, 2024, Governor John Carney signed into law several amendments to the Delaware General Corporation Law (“DGCL”) that are intended to address market uncertainty created by recent Chancery Court decisions. Effective on August 1, 2024, these amendments are intended to provide more predictability with respect to market practice and reassurance for businesses operating under Delaware law.

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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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Friday's analyst calls: Netflix earnings reaction, chipmaker to pop 20%

CNBC: Investing

Netflix and a semiconductor maker were among the stocks being talked about by analysts on Friday.

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The Real Impact (Summer 2024)

JD Supra: Mergers

Welcome to the inaugural edition of The Real Impact. In this edition, we discuss three strategic alternatives to consider for nonprofit integration and insights on the proposed regulations on donor advised funds. Guest author Curtis Strategy also provides a practical guide to nonprofit succession planning.

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Nationwide’s £2.9bn takeover of Virgin Money cleared by UK watchdog

The Guardian: Mergers & Acquisitions

CMA finds deal will not lead to lessening of competition in mortgage and credit card market Nationwide’s takeover of Virgin Money will not reduce competition for mortgages and credit cards, the competition watchdog has ruled, as it gave the £2.9bn deal the green light. The Competition and Markets Authority (CMA) said on Friday that the merger, which will be the biggest banking deal since the financial crisis, would not lead to a substantial lessening of competition in the home loans market.

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ixigo Unlocks 1-Click Payments with Razorpay Turbo UPI

Razorpay

In the dynamic landscape of digital payments, innovation is the key driver propelling businesses to new heights. Razorpay, a leading payments solution provider, recently unveiled Turbo UPI, a cutting-edge in-app UPI payments product designed to elevate user experience and streamline transactions. In an exclusive interview with ixigo, one of India’s leading travel platforms, we sit down with Ameya Sood, AVP – Product (Payments), to delve into the details of ixigo’s choice to ad

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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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Banks Hit With Service Glitches

The New York Times: Banking

Trading and some financial transactions were delayed around the world.

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How Small Businesses Can Save Big on Overhead Expenses

Global Banking & Finance

Running a small business can be challenging, particularly when it comes to managing costs and ensuring profitability. One of the primary concerns for any business owner is overhead expenses, which can quickly erode profit margins if not carefully monitored and controlled.

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Consider the Life Cycle: Strategies for a Sustainable ESOP

PCE

A company’s prosperity depends on many crucial factors: maximizing growth and profitability, ensuring sound financial management, maintaining robust operations and processes, and paying attention to customer service, among others. If your company is organized as an employee stock ownership plan (ESOP), however, long-term success requires something more: the ability to shift your strategy throughout the company’s life cycle.

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ZeroGPT: Revolutionizing Content Creation with Advanced Paraphrasing Tools

Global Banking & Finance

In the rapidly evolving field of artificial intelligence, ZeroGPT has emerged as a significant innovation, particularly in the realm of content creation and language processing. One of the most notable applications of ZeroGPT is as an advanced paraphrasing tool, which has the potential to transform how we generate and refine textual content. What is ZeroGPT?

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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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Latest League Tables Confirm: Benchmark International Still The #1 Privately-Held M&a Advisor Worldwide

Benchmark International

In only the first half of 2024, Benchmark International has already closed an impressive 101 transactions globally and continues to impact the world stage. LSEG , previously known as Refinitiv and Thomson Reuters, has released its Global League Tables for the first half of 2024, and Benchmark International was once again recognized with several high rankings across different categories.

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Factbox-Global tech outage delays flights and disrupts services around the world

Global Banking & Finance

(Reuters) – A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks.

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Trading venues and banks hit by ongoing Microsoft-related outage

The TRADE

The London Stock Exchanges regulatory news service (RNS) and reach announcements remain down as the repercussions of global technology issues related to Microsoft continue. A spokesperson for the exchange explained: “ We are currently experiencing a third party technical issue which is impacting some of our services. There is no impact to securities trading on the London Stock Exchange.

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Electrolux swings to operating profit in Q2

Global Banking & Finance

STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating profit that swung to a profit, as expected, and said consumer demand had continued to be mixed.

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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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LEXIBOOK : SIGNATURE D’UN ACCORD D’INVESTISSEMENT ENTRE LA FAMILLE LE COTTIER ET LA SOCIETE LAWRENCE ROSEN LLC EN VUE DE LANCER UNE OFFRE PUBLIQUE D’ACHAT SUR LEXIBOOK AU PRIX DE 4,00 € PAR ACTION

Global Newswire by Notified: M&A

Les Ulis, le 19 juillet 2024 à 18h00 LEXIBOOK : SIGNATURE D’UN ACCORD D’INVESTISSEMENT ENTRE LA FAMILLE LE COTTIER ET LA SOCIETE LAWRENCE ROSEN LLC EN VUE.

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These small-cap stocks are cheap and expected to do well from here

CNBC: Investing

Some small-cap stocks could rise above others as the rally to broadens out beyond mega-cap tech titans.

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LEXIBOOK: SIGNATURE OF AN INVESTMENT AGREEMENT BETWEEN THE LE COTTIER FAMILY AND LAWRENCE ROSEN LLC TO LAUNCH A TAKEOVER BID FOR LEXIBOOK AT €4.00 PER SHARE

Global Newswire by Notified: M&A

Les Ulis, July 19, 2024 at 6:00 p.m. LEXIBOOK: SIGNATURE OF AN INVESTMENT AGREEMENT BETWEEN THE LE COTTIER FAMILY AND LAWRENCE ROSEN LLC TO LAUNCH A.