Wed.Sep 25, 2024

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Adjustment Escrows in M&A: Why the 1% Rule Doesn’t Always Apply

JD Supra: Mergers

What is the typical size of an adjustment escrow? A common rule of thumb is 1% of overall deal value, but the size varies depending on deal value and the underlying characteristics of the business (including the net working capital trailing average).

M&A 167
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Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm.

The New York Times: Banking

Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.

Stock 145
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DOJ Withdraws 1995 Bank Merger Guidelines as FDIC, OCC Make Regulatory Changes

JD Supra: Mergers

On September 17, 2024, the Department of Justice Antitrust Division (DOJ) shut the vault doors on its 1995 Bank Merger Guidelines, leaving the 2023 Merger Guidelines as its sole authoritative statement on the topic of mergers across all industries.

Mergers 167
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Antitrust: FTC Fines Individual for 1st Time HSR violation

Deal Lawyers

The HSR Act’s notification requirements are usually thought to apply to M&A, but the statute has much broader application than that. In fact, any transaction that results in someone acquiring securities having a value that exceeds the reporting threshold needs to be scrutinized for a possible HSR filing.

M&A 100
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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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Five takeaways from the European Commission’s first commitments case under the Foreign Subsidies Regulation

JD Supra: Mergers

For the first time, the European Commission has accepted commitments in a merger case reviewed under the EU Foreign Subsidies Regulation. What can we learn from the Commission’s announcement to clear the deal? We set out below our 5 takeaways.

Mergers 161

More Trending

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NYSE withdraws proposal to extend time period for completion of de-SPAC transaction

JD Supra: Mergers

In April, the NYSE proposed a rule change that would have amended Section 102.06 of the Listed Company Manual to allow a SPAC to “remain listed until forty-two months from its original listing date if it has entered into a definitive agreement with respect to a business combination within three years of listing.” (See this PubCo post.) The current rule imposes a three-year deadline for a SPAC to complete its de-SPAC merger.

Mergers 161
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Goldman recommends buying Tesla call options before two big catalysts in October

CNBC: Investing

This options trade could make a profit if Tesla's robotaxi event next month gives the stock a boost.

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How SBA's Proposed Size, Status Recertifications Rule Could Impact Small Business M&A

JD Supra: Mergers

The U.S. Small Business Administration (SBA) on Aug. 23, 2024, issued a Proposed Rule that significantly changes the effect of recertifications of size and socioeconomic status under set-aside contracts following a merger or acquisition of a contractor with small business awards. Comments are due on Oct. 7, 2024. If finalized in its present form, the proposed rule could impact the valuation of small business pipelines by eliminating post-mergers and acquisitions (M&A) transaction eligibility

M&A 161
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Thursday's big stock stories: What's likely to move the market in the next trading session

CNBC: Investing

On Wednesday, the Dow and the S&P 500 closed lower — but not before posting fresh highs during the session. Here's what CNBC is watching going into Thursday.

S&P 107
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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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CFIUS Update: 2023 Report to Congress and new enforcement website

JD Supra: Mergers

The Committee on Foreign Investment in the United States (CFIUS) continues to play an increasingly active role in reviewing and assessing inbound investment transactions for U.S. national security risks. In this alert, we provide an update on several recent developments, including key takeaways from CFIUS’s 2023 Annual Report to Congress and an overview of CFIUS enforcement actions from the Treasury Department’s new CFIUS enforcement website.

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Rev up to Recert: Power up Your Programming Skills

Cisco: M&A

*Rev Up to Recert: Programming* is now available, September 25 to November 22, 2024, giving tech learners free access to 20+ hours of tech learning, labbing, and programming—eligible for up to 24 Cisco Continuing Education (CE) credits towards recertification.

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As CFIUS Announces Significant Penalties, Companies and Investors Confront a Shift in CFIUS Filing Cost-Benefit Dynamics

JD Supra: Mergers

On the heels of releasing its 2023 Annual Report to Congress, the Committee on Foreign Investment in the United States (CFIUS) publicly announced six new penalties on parties that failed to comply with CFIUS requirements in connection with cross-border transactions. The penalties range from $100,000 to a staggering $60 million fine for T-Mobile’s alleged violation of the terms of a National Security Agreement (NSA), imposed as a condition of CFIUS’s approval of T-Mobile’s merger with Sprint.

Investors 149
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Harnessing Technology for Conservation: An Interview with the Executive Director of Connected Conservation Foundation

Cisco: M&A

The Connected Conservation Foundation’s Sophie Maxwell shares how innovative technology is safeguarding biodiversity and natural ecosystems, helping to prevent the loss of threatened species, including rhinos, lions, pangolins and elephants.

Shares 98
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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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Pluxee finalise l’acquisition de Cobee

Global Newswire by Notified: M&A

Pluxee finalise l’acquisition de Cobee Paris, 26 septembre 2024 // Pluxee (ci-après le « Groupe »), acteur majeur international sur le marché

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Safe and trustworthy AI is a shared responsibility

Cisco: M&A

In an era where artificial intelligence (AI) is rapidly transforming industry and society, collaboration between the public and private sectors has never been more critical. Trust and safety are ultimately on the line. Learn more from Dev Stahlkopf, Cisco EVP & Chief Legal Officer.

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Nano Dimension to Acquire Markforged, Creating a Leading Player in Additive Manufacturing (“AM”) With the Technologies Expected to Drive Future Growth

Global Newswire by Notified: M&A

Merging of Nano Dimension with Desktop Metal and Markforged Will Have the Scale and Capital to Drive to Profitable Expansion With a Combined 2023 Revenue of $340M Cash & Cash Equivalents Expected at Close of ~$475M

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Forrester Named Cisco a Leader in the 2024 Microsegmentation Wave

Cisco: M&A

We believe Cisco is the only leader in the Forrester Wave that offers complete network security. Learn how Cisco microsegments everything.

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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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Breeze Holdings Acquisition Corp. Announces Definitive Agreement to Merge with YD Biopharma Limited

Global Newswire by Notified: M&A

YD Biopharma is a Clinical-Stage Biopharmaceutical Company Focusing on Cancer Prevention Diagnostics and Seeking to Transform the Treatment of a Wide Spectrum of Diseases

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Empowered Together: A Story of Hope and Partnership

Cisco: M&A

Read more about Kevin Donaghy's battle with cancer that led to 'Stories of Cancer and Hope,' a book uniting the community to support cancer patients through shared stories and raising funds for cancer charities.

Funds 98
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HP Strengthens Workforce Experience Platform with Acquisition of Vyopta

Global Newswire by Notified: M&A

HP and Vyopta to give customers more advanced insights and recommendations to improve employee experience HP and Vyopta to give customers more advanced insights and recommendations to improve employee experience

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Analysts warn Coinbase could slump after crypto exchange scored a 6-day rally

CNBC: Investing

Analysts say that Coinbase could soon enter a downtrend after a six-day advance.

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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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Janus Henderson Investors appoints new junior equity trader

The TRADE

Janus Henderson Investors has appointed Francesca Alesi as a junior equity trader, based in London. Alesi joins the asset manager from GSA Capital, where she spent the last two years. Most recently, Alesi served as an execution trader – a position she held for just over a year. Prior to that, she served as an analyst at the firm. Alesi’s appointment follows the departure of Stuart Mair, who left Janus Henderson in July after 14 years.

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Betting chip stocks will revisit bull market highs is the trade of the fourth quarter, says Evercore ISI

CNBC: Investing

Rich Ross, head of technical analysis at the firm, expects there is 20% more upside to semiconductor names into year-end.

Trading 87
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The TRADE’s Q3 Magazine: Now available online!

The TRADE

As the leaves begin to fall from the trees, The TRADE Magazine is back for its autumnal third quarter edition. In keeping with tradition, this issue has a fixed income spin to it. It’s a well known fact that markets globally orbit the US. Activities that take place in the region will nine times out of 10 have a butterfly effect on the rest of the world – The US market is the world’s benchmark, sturdy and omnipresent.

Trading 63
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Rightmove rejects third bid from Rupert Murdoch’s REA Group

The Guardian: Mergers & Acquisitions

Australian company says it is frustrated that UK property website has refused to engage over £6.1bn offer Rightmove has rejected a third bid from Rupert Murdoch’s REA Group and said the offer was “unattractive” and undervalues the UK’s largest online property portal. On Wednesday Rightmove confirmed that its board had “unanimously rejected” the non-binding cash-and-shares offer put forward on Monday, which valued the company at £6.1bn.

Shares 65
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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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UK settlement taskforce pencils in October 2027 for T+1 switch

The TRADE

The UK T+1 Taskforce technical group has earmarked October or November 2027 as the date for a switch to an accelerated settlement cycle in the UK. Andrew Douglas Speaking at the InvestOps Europe conference in London, Andrew Douglas, chair of the technical group, said that the dates were narrowed down via the process of elimination – excluding key public holiday, dividends and rebalancing dates.

Trading 63
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Is an MBA Worth It? The Top 3 Reasons to Do the Degree

Mergers and Inquisitions

If you ever want to trigger an entire community, go to an MBA-related subreddit and ask whether “an MBA is worth it.” You’ll get a wide range of responses, but most will be some variation of: “Yes, of course it’s worth it because I did it / I am doing it currently.” I wrote this article because I’m more of a neutral, 3 rd party observer. I never did an MBA, but plenty of friends and acquaintances have, and so have many students and coaching clients.

IT 59
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Ediphy-led consortium enters the race for UK consolidated tape provider

The TRADE

A new group, named fairCT, consisting of Google Cloud, UBS, TP ICAP, Cboe Global Markets, FactSet, and Norges Bank Investment Management, co-ordinated by Ediphy, has entered the tender process to become the UK’s consolidated tape provider for fixed income. The CTP will focus on enhancing transparency, liquidity and participation in UK fixed income markets, set to operate as an industry utility, built with an ‘at reasonable cost’ philosophy.

Trading 58