Tue.Aug 20, 2024

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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […] © 2024 TechCrunch.

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U.S. DOJ Seeks Rare USD3.5 million “Gun Jumping” Penalty For Alleged Pre-Closing Conduct In Violation Of Hart-Scott-Rodino Act

JD Supra: Mergers

On August 5, 2024, the United States Department of Justice filed a rare gun jumping civil lawsuit and proposed settlement in the United States District Court for the Southern District of New York against a global sports and entertainment venue services company (the “acquiror”) in connection with its acquisition of a venue services/management company (the “acquiree”).

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National Security: CFIUS Steps Up Enforcement

Deal Lawyers

In October 2022, the Treasury Dept. issued its first ever CFIUS Enforcement & Penalty Guidelines. Under the Guidelines, three types of conduct may constitute a violation, including failure to file, non-compliance with CFIUS mitigation agreements or conditions and material misstatements or omissions from filed information or false or incomplete certifications.

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Breaking Up Is Not Always Hard To Do—Consider A Tax-Free Corporate Division

JD Supra: Mergers

Disagreements happen. In the corporate context, one or more shareholders may share a different vision for the company than the other shareholders. Or, there may be acrimony amongst the shareholders for other reasons, as can often happen with family-run businesses. Regardless of the reason, sometimes shareholders simply want out.

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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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A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability

The New York Times: Banking

The country has settled into a tense east-west divide, but turmoil around the central bank, which handles Libya’s oil riches, has worsened a fraying, fragile political setup.

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More Trending

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How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.

CNBC: Investing

The IRA has had a transformative impact on U.S. manufacturing, according to the Rhodium Group.

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M&A Transactions Integration: A Step-by-Step Guide

JD Supra: Mergers

Imagine a world where M&A transactions seamlessly integrate, unlocking the full potential of the merged entity. This is achievable through a structured approach that optimizes synergies and ensures a smooth transition. By meticulously planning each phase, companies can avoid common pitfalls and maximize merger value during the integration.

M&A 167
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iute Moldova is honored with the Global Banking and Finance Excellence Award

Global Banking & Finance

iute Moldova has received the Global Banking and Finance Excellence Award, an event that reflects the highest level of innovation, achievements, including strategic ones, and progressive and inspirational changes taking place within the international financial community.

Finance 98
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District Of Arizona Grants Motion To Dismiss Shareholder Derivative Suit Against Residential Property Dealer In Connection With De-SPAC Merger

JD Supra: Mergers

On August 14, 2024, Judge Michael T. Liburdi of the United States District Court for the District of Arizona granted with leave to amend a motion to dismiss a shareholder derivative suit brought in the name of the company, a buyer and seller of residential properties (the “Company”), against numerous current and former directors and officers of the Company as well as directors of the special purpose acquisition company—or SPAC—through which the Company went public (the “Individual.

Mergers 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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Golden Matrix Enters Into Definitive Agreement to Acquire a Controlling Interest in Australian-Based Classics for a Cause

Global Newswire by Notified: M&A

LAS VEGAS, NV, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group, Inc. (Nasdaq: GMGI) (“GMGI” or the “Company”), a developer and licensor of online gaming platforms, systems and gaming content, today announced that it has entered into a definitive agreement to acquire an indirect 80% controlling interest in Classics for a Cause Pty Ltd (“CFAC”), a leading independent online discount platform in Australia.

IT 98
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[Hybrid Event] Due Diligence Decoded: M&A Success in FDA-Regulated Industries - September 20th, Boston, MA

JD Supra: Mergers

Join Gardner Law for a half-day CLE event in person at Loft on Two in Boston, MA or attend virtually. Industry experts will decode the intricacies of regulatory scrutiny and strategic decision-making in acquisitions. Gain insights on navigating FDA regulations, understanding the M&A Safe Harbor, cybersecurity risks, and the impact of recent legal decisions on FDA-regulated transactions.

M&A 167
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Driving Toward a Degree 2024

Tyton Partners

Driving Toward a Degree 2024 highlights how generative AI addresses advisor capacity constraints, burnout, and turnover.

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CFIUS Announces $60 Million Penalty and Debuts New Enforcement Website

JD Supra: Mergers

On August 14, 2024, the Committee on Foreign Investment in the United States (“CFIUS” or “Committee”) announced a $60 million penalty, “the largest penalty CFIUS has ever issued,” following its finding of material violations relating to a National Security Agreement (NSA). At the same time, CFIUS unveiled a new enforcement website that is intended to “provide further clarity and transparency regarding CFIUS penalties and other enforcement actions.”.

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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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Securing Catalyst Center: ISO Certified

Cisco: M&A

New security standards conformance for Catalyst Center highlights our team’s dedication to protecting your network and your data.

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Occasional Activists: Shaping Corporate Governance in 2024

JD Supra: Mergers

In our previous client alert, The Rise of the “Occasional Activist,” we discussed the increase in shareholder activism through 2022 by “occasional activists” – investors who are not funds dedicated to activist strategies or who do not regularly employ activist tactics, such as institutional investors and individuals, including company insiders.

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Lots of drama could be in store for the market in these last two weeks of August

CNBC: Investing

Stocks opened Tuesday on the flat side, but there is plenty of action below the surface.

Stock 113
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How to Wear the Investor Hat When Physicians Are the Revenue Generators

JD Supra: Mergers

Engaging in management and investor conversations about maintaining and growing a business is critical, no matter the industry. Whether you’re discussing normal business sustainability, organic growth, or contemplating a sale, these discussions become more complex when practicing physicians are the business’s revenue generators. These conversations must be handled carefully to comply with the spirit and letter of healthcare’s strict fraud and abuse laws.

Investors 155
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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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Morgan Stanley says to avoid these most overcrowded trades from the biggest hedge funds

CNBC: Investing

Buying stocks that hedge funds favor could cause problems for individual investors for the risks of high valuation and elevated volatility, Morgan Stanley said.

Funds 87
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Alaska Airlines’ Acquisition of Hawaiian Clears Key Antitrust Review

The New York Times: Mergers, Acquisitions and Dive

The airlines said the Justice Department had declined to challenge the merger in court.

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Tuesday analyst calls: There's strong upside ahead for Eli Lilly, Vista Energy and AMD

CNBC: Investing

This is CNBC Pro's live coverage of Tuesday analyst calls and Wall Street chatter.

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JSE enhances Teraco data centre disaster recovery capabilities

The TRADE

JSE has enhanced its Teraco data centre, bolstering its Colo 2.0 offering through an expanded partnership with cloud provider Beeks Group and IPC Systems. Specifically, Beeks’ Exchange Cloud service is being deployed to the centre to enhance dual location disaster recovery capabilities. The move is in collaboration with e-trading solutions provider IPC.

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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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Here are Tuesday's biggest analyst calls: Nvidia, Amazon, AMD, Exxon, Ulta, Eli Lilly, & more

CNBC: Investing

Here are the biggest calls on Wall Street on Tuesday.

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Nedgroup Investments outsources to Northern Trust

The TRADE

Northern Trust has been selected to provide outsourced trading to global asset manager Nedgroup Investments via its Integrated Trading Solutions (ITS). Amy Thorne Specifically, Northern Trust will support Nedgroup with its new in-house multi-boutique fixed income platform. The firm confirmed that the premier fund on the platform, Nedgroup Investment’s Global Strategic Bond Fund, is set to feature a range of active fixed income strategies.

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Meet the Top Strategic Buyers Investing in SaaS

Software Equity Group

The software landscape is dynamic, and strategic buyers are continuously seeking new and innovative ways to gain a competitive edge. One strategy gaining momentum is the acquisition of high-growth SaaS companies. This trend goes beyond simply acquiring market share; it creates a win-win scenario for both parties. As a result, founder-led software companies are in a prime position to attract strategic buyers.

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UK employer pay awards soften in three months to July, Brightmine survey shows

Global Banking & Finance

(Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth. Median basic pay settlements in the three months to July were 4.

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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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HR Tech Market Update, Q2 2024

Woodside Capital Partners

Palo Alto – August 20, 2024 – WCP is delighted to release our HR Tech Q2 2024 Report Update, authored by Senior Managing Director Ron Heller (ron.heller@woodsidecap.com). The post HR Tech Market Update, Q2 2024 appeared first on Woodside Capital Partners.

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Morning Bid: Jobs in focus after the rebound

Global Banking & Finance

A look at the day ahead in European and global markets from Tom Westbrook Markets’ sparkling recovery from early August’s sell-off has hit an air pocket, with Asian shares down on Wednesday and Tuesday’s small drop leaving the S&P 500 a day short of matching a 20-year-old winning streak. A yen at 145.

S&P 52
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Food & Beverage 2Q 2024 Report

Focus Investment Banking

2Q 2024 M&A Report : The second quarter brought a slight uptick in Food & Beverage deal volume, offering a positive signal as M&A markets recover from the declines observed in 2023. While the persistent fog of market uncertainty among buyers – combined with higher interest rates and the threat of a recession – has resulted in flat deal multiples over the past several quarters, Q2 offered a bright spot.

Food 52