Tue.Dec 05, 2023

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DOJ Spotlights Voluntary Self Disclosure in M&A as it Adapts to New National Security Threats

JD Supra: Mergers

The past few months have seen numerous high-profile enforcement actions highlighting an increasing trend, what Deputy Attorney General Lisa Monaco called “the biggest shift in corporate criminal enforcement that I’ve seen during my time in government: the rapid expansion of national security-related corporate crime.” From the first-ever criminal resolution for sanctions violations from illicit sales and transport of Iranian oil by Suez Rajan Ltd. to guilty pleas and $4.3 billion in penalties by.

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Managing Conflicts: Lessons from Recent Litigation

Deal Lawyers

While every conflict is different, this Skadden alert discusses examples of what to do — and what not to do — when persons involved in a deal process have conflicts. The examples of behavior viewed favorably or unfavorably are based on four recent Delaware decisions involving deal processes challenged by stockholders due to conflicts.

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New DOJ Policy for M&A Transactions Promotes Thorough Due Diligence and Voluntary Self-Disclosures

JD Supra: Mergers

The United States Department of Justice (“DOJ”) recently made clear that acquiring entities involved in mergers and acquisitions must conduct thorough due diligence of acquired companies and, if relevant, undergo a voluntary self-disclosure of pertinent findings to avoid successor criminal liability for misconduct under the law. During a speech given on October 4, 2023, Deputy Attorney General, Lisa O.

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Big bank executives will assure lawmakers the industry's crisis is over, KBW CEO Thomas Michaud predicts

CNBC: Investing

Thomas Michaud, CEO of Stifel company KBW, believes the industry's deposits and earnings are stable. But he thinks deposit insurance reform is still needed.

Insurance 119
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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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CMA to Implement ‘Best in Class’ Procedures to Enhance UK Merger Control Process

JD Supra: Mergers

The UK Competition and Markets Authority (CMA) recently published for consultation a series of proposals to improve its Phase II merger investigation process. This follows an earlier Call for Information in which the CMA sought feedback from interested parties from the business, legal, and economics fields.

Mergers 155

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Energy & Sustainability M&A Activity — December 2023

JD Supra: Mergers

October 5, 2023: Cemco, a company that manufactures vertical shaft impact crushers intended to cater to producers and green-friendly companies, was acquired by Superior Industries for an undisclosed amount. Cemco offers in-house manufacturing services using advanced techniques like Computer Numerical Control machining and robotic welding, as well as post-sale support, thereby used in aggregate processing, glass and ceramic tile recycling, mineral extraction, and clean energy applications.

M&A 143
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Xi Jinping Is Asserting Tighter Control of Finance in China

The New York Times: Banking

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.

Finance 109
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Healthcare & Life Sciences Private Equity Deal Tracker: New State Acquires Agility Recovery Services

JD Supra: Mergers

New State Capital Partners has announced it has acquired Agility Recovery Services. Agility, based in Atlanta, is a provider of business continuity and disaster recovery services for healthcare organizations and customers in other sectors.

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The curse of being added to the S&P 500 index is taking aim now at Uber

CNBC: Investing

Adding a company to the S&P 500 (or speculating it will be added) has the effect of at least temporarily overvaluing a company. Indexers are "buying high.

S&P 115
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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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Social Media Management Market Size, Share & Growth Analysis, [2030] | CAGR of 21.1%

Global Newswire by Notified: M&A

According to Fortune Business Insights, the global social media management market size is projected to reach USD 76.03 billion in 2030, at a CAGR of 21.1% during the forecast period, 2023-2030 According to Fortune Business Insights, the global social media management market size is projected to reach USD 76.03 billion in 2030, at a CAGR of 21.

Media 105
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Takeaways from Cisco at InsureTech Connect 2023

Cisco: M&A

InsureTech Connect (ITC) 2023, the premier conference for the insurance technology industry, brought together 9,000+ innovators, leaders, and solution providers to Las Vegas in early November to… Read more on Cisco Blogs

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This unusual company that cashes in on boardroom brawls is set for windfall from Disney-Peltz fight

CNBC: Investing

Broadridge Financial Solutions could generate as much as $50 million in event-driven revenue Peltz-Disney's proxy war, according to Evercore ISI.

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Moody’s cuts China credit outlook, citing lower growth, property risks

Global Banking & Finance

Moody’s cuts China credit outlook, citing lower growth, property risks (Reuters) – Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy.

Debt 100
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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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Citi says buy this little-known biotech stock with nearly 60% upside

CNBC: Investing

The firm's new price target comes after some positive signals have de-risked the path toward full approval for Travere's Filspari drug.

Stock 108
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Explainer-What new OPEC+ oil output cuts are in place after Thursday deal

Global Banking & Finance

Explainer-What new OPEC+ oil output cuts are in place after Thursday deal By Alex Lawler LONDON (Reuters) -OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for the first quarter of 2024 led by Saudi Arabia rolling over its current voluntary cut.

IT 100
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Coinbase comeback has further to go as retail investors are only starting to rediscover crypto, Needham says

CNBC: Investing

Coinbase shares have even further to climb despite already being up 13% since the start of December.

Retail 130
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Cisco CX Empowers Sustainability with Expanded Services

Cisco: M&A

In an era where businesses are embracing the vital role of sustainability, Cisco Customer Experience (CX) is here to support you on your sustainability journey.

Shares 98
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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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Analysis-Schnabel reconciles ECB with markets – until next fight

Global Banking & Finance

Analysis-Schnabel reconciles ECB with markets – until next fight By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s leading hawk Isabel Schnabel has reconciled her institution with investors who have long bet the ECB is finished raising interest rates, but a new tug of war, on the exact timing of the […]

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JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines

The New York Times: Mergers, Acquisitions and Dive

JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.

IT 88
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COP28 focus on health draws $777 million to fight tropical disease

Global Banking & Finance

COP28 focus on health draws $777 million to fight tropical disease By Gloria Dickie, Elizabeth Piper and Alexander Cornwell DUBAI (Reuters) -The United Arab Emirates and several charities at the U.N. climate summit on Sunday offered $777 million in financing for eradicating neglected tropical diseases that are expected to worsen as temperatures climb.

Finance 96
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Inside the exit: Gryphon Investors’ Mark Fuller on fire and safety opportunities

PE Hub

Gryphon invested in Potter Global Technologies in 2017 before exiting to KKR in November. The post Inside the exit: Gryphon Investors’ Mark Fuller on fire and safety opportunities appeared first on PE Hub.

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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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Sterling close to 3-month high versus euro as markets bet on ECB rate cuts

Global Banking & Finance

Sterling close to 3-month high versus euro as markets bet on ECB rate cuts By Stefano Rebaudo (Reuters) – Sterling hovered around its highest levels in almost three months against the euro on Tuesday, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of […]

Banking 94
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Eco Modular, a Leader in Sustainable Modular Building Manufacturing, to Go Public Through Merger with Zalatoris II Acquisition Corp.

Global Newswire by Notified: M&A

New York, New York, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Ascotway Ltd, operating as Eco Modular, a pioneer in Turnkey and Offsite Modular Manufacturing, and Zalatoris II Acquisition Corp. (NASDAQ: ZLS, ZLSWW, ZLSWU), a special purpose acquisition company focused on innovative technology firms, proudly announce the execution of a definitive business combination agreement (the "Transaction").

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Dollar steady after key jobs data comes in below estimates

Global Banking & Finance

Dollar steady after key jobs data comes in below estimates By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) -The U.S. dollar stood near a one-week high against a basket of currencies on Tuesday, after fresh employment data showed that U.S. job openings dropped in October to the lowest level since early 2021.

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Cisco Secure Access Extends SSE Innovation with Mobile Zero Trust and Flexible Resource Connectors

Cisco: M&A

Recently, when I speak with business and IT leaders around the globe, there is a common question that permeates the discussion.

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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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Swathes of Siberia freeze in temperatures below -58 Celsius

Global Banking & Finance

Swathes of Siberia freeze in temperatures below -58 Celsius YAKUTSK, Russia (Reuters) – Arctic weather enfolded swathes of Russia on Tuesday, with temperatures in the wilds of Siberia falling to minus 58 degrees Celsius (minus 72 degrees Fahrenheit).

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Cisco Extends SSE innovation with Mobile Zero Trust and Flexible Resource Connectors

Cisco: M&A

Recently, when I speak with business and IT leaders around the globe, there is a common question that permeates the discussion.

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Euro zone yields fall, stock rally takes a breather

Global Banking & Finance

Euro zone yields fall, stock rally takes a breather By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Germany’s 10-year government bond yield dropped to its lowest in six months on Tuesday and world shares paused around four-month highs as traders upped bets on European Central Bank rate cuts early in 2024 and grappled with the […]

Stock 94