Thu.Dec 28, 2023

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U.S. Antitrust Agencies Finalize New Merger Guidelines Intended to Reinvigorate Merger Enforcement

JD Supra: Mergers

The Merger Guidelines lower the market concentration threshold for the presumption that a merger is illegal. Deals that place combined market shares above 30 percent with a significant increase in concentration are considered presumptively illegal.

Mergers 167
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The TRADE predictions series 2024: Digital assets

The TRADE

Duncan Trenholme and Simon Forster, global co-heads of digital assets, TP ICAP We expect 2024 to see the wholesale cryptoasset market professionalise and become increasingly serviced by traditional brands and providers. Spot exchange operating models will continue to unbundle, with the separation of execution and custody becoming the default for institutional market participants; this unbundling will protect investors.

Trading 120
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Empowering Africa through impact investing

JD Supra: Mergers

Please give us an overview of your experience in Europe and then Africa. How has that shaped your perspectives on PE in Africa? I started off my African PE journey back in 2010 with Helios Investment Partners. I was with Helios for about five years, which was a great experience, working up to being a principal, and leading transactions in the energy and digital infrastructure sectors.

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The TRADE predictions series 2024: Foreign exchange, it’s all about swaps and forwards

The TRADE

Eric Huttman, chief executive, MillTechFX Despite the relative calming of FX volatility compared to 2022, the management of currency risk was still a top priority for fund managers throughout 2023. Our own research found that 82% of North American and 77% of UK fund managers were affected by USD and GBP volatility respectively, clearly highlighting that fund managers aren’t out of the woods yet when it comes to the threat of currency movements.

Trading 110
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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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The Delaware Court of Chancery Confirms that Duty of Oversight Claims Against Corporate Officers Are Subject to the Same High Pleading Standards Applicable to Duty of Oversight Claims Against Corporate Directors

JD Supra: Mergers

In Segway Inc. v. Hong Cai, 2023 Del. Ch. LEXIS 643 (Del. Ch. Dec. 14, 2023), the Delaware Court of Chancery (Will, V.C.) dismissed a claim for breach of fiduciary duty brought by Segway Inc. (the “Company”) against its former President and Vice President of Finance (the “Officer”). The Company framed its claim as a claim for breach of the duty of oversight, commonly known as a Caremark claim (from the landmark case In re Caremark Int’l Inc.

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Q3 2023 Quarterly Corporate / M&A decisions updates

JD Supra: Mergers

The Delaware courts issued a range of decisions this quarter, addressing topics from mootness fees to demand futility. Two key opinions addressed compliance with Delaware statute and court orders. In Seidman, the court awarded attorneys’ fees for an “egregious” failure to respond to a legitimate books and records request, and in Gandhi-Kapoor, the court imposed penalties on companies for failing advance litigation expenses.

M&A 155
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A look back at a remarkable stock market year, and what should worry investors into 2024

CNBC: Investing

The two biggest investing events of 2023 were AI and the growth of the Magnificent 7 and the recession that never came.

Investors 122
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Red Sea shipping workarounds add costs, delays for suppliers, retailers

Global Banking & Finance

Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.

Retail 97
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Investor Michael Farr is back with his top 10 stocks he's buying for 2024, and the tilt is defensive

CNBC: Investing

This year's list is a bit more defensive than in years past and has a focus on earnings growth.

Investors 130
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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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Oil prices settle down 3% as Red Sea shipping disruptions ease

Global Banking & Finance

Oil prices settle down 3% as Red Sea shipping disruptions ease By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated.

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Investors see a biotech comeback in 2024 as rates fall, deal-making picks up. Stocks to watch

CNBC: Investing

Many biotech stocks struggled in 2023 despite a robust year for U.S. drug approvals. A look at what 2024 might have in store.

Stock 113
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Dollar hits 5-mth low against euro as Fed seen closer to rate cuts

Global Banking & Finance

Dollar hits 5-mth low against euro as Fed seen closer to rate cuts By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations the Federal Reserve could soon cut U.S. interest rates.

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Raymond James breaks down its top AI picks for 2024

CNBC: Investing

Mega-cap technology titans are racing to develop generative AI technology, and Raymond James thinks just a few key names will win.

IT 109
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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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Zoomcar, the World’s Largest Emerging Market Focused Car Sharing Platform, Announces Completion of its Business Combination with Innovative International Acquisition Corporation (IOAC) and Anticipated Nasdaq Listing

Global Newswire by Notified: M&A

Bangalore, India and New York, NY, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Innovative International Acquisition Corporation (NASDAQ: IOAC, or “IOAC”), formerly a Cayman Island registered blank-check special purpose acquisition company, and Zoomcar, Inc. (“Zoomcar”), an emerging market focused peer2peer car sharing company, are pleased to announce the closing (“Closing”) of their previously announced merger (the “Business Combination”).

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Stocks making the biggest moves premarket: JD, The New York Times, Iovance and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

Stock 139
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Kadant to Acquire Key Knife, Inc.

Global Newswire by Notified: M&A

WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments. The acquisition is expected to close in early January 2024, subject to the satisfaction of customary closing conditions, and will be financed primarily through borrowings under Kadant’s revolving credit facility.

Finance 85
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The TRADE’s most read stories of the year part two: A string of leadership changes

The TRADE

7. UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year. The changes came as a result of increased operational complexity stemming from the previously reported merger of Credit Suisse by UBS, which has been documented extensively by The TRADE over the past yea

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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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2024 M&A Outlook After a Rough Year for Deal Makers

The New York Times: Banking

Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.

M&A 68
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Carbide Inserts Market Size Worth USD 2.06 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Rising demand for carbide inserts in industrial manufacturing is a key driving factor driving carbide inserts market revenue growth Rising demand for carbide inserts in industrial manufacturing is a key driving factor driving carbide inserts market revenue growth

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Dividend-paying stocks could rise in 2024. Investors like these plays for the new year

CNBC: Investing

Dividend payers could come back in vogue in the new year as rates cool.

Investors 105
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Form 8.5 (EPT/RI) - musicMagpie Plc

Global Newswire by Notified: M&A

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule.

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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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January typically brings gains in certain small caps. Bank of America screened for names that could rally this time

CNBC: Investing

The firm found high-beta small caps that could be in for gains.

Banking 105
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Conduent Announces Agreement to Sell its Curbside Management and Public Safety Businesses to Modaxo

Global Newswire by Notified: M&A

Transaction expected to close in the first quarter of 2024 Transaction expected to close in the first quarter of 2024

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IT Professional Amer Deeba Disrupts Cloud Security Platforms

Global Banking & Finance

IT Professional Amer Deeba Disrupts Cloud Security Platforms So much of the cyberspace sector is disruptive by its very nature — just look at the ongoing brouhaha over artificial intelligence.

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Surface Acoustic Wave Filters Market Size Worth USD 2.66 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Rising demand for SAW in telecommunication and Internet of Things (IoT) is a key factor driving Surface Acoustic Wave Filters market revenue growth Rising demand for SAW in telecommunication and Internet of Things (IoT) is a key factor driving Surface Acoustic Wave Filters market revenue growth

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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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Atopic Dermatitis Drugs Market Size Worth USD 25.20 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Increasing prevalence of atopic dermatitis is a major factor driving Atopic Dermatitis Drugs Market revenue growth Increasing prevalence of atopic dermatitis is a major factor driving Atopic Dermatitis Drugs Market revenue growth

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FLJ Group Limited Announces Completion of Acquisition of Alpha Mind Technology Limited and Termination of the Lianlian Acquisition

Global Newswire by Notified: M&A

SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (the “Company”), today announced the completion of the transaction previously announced on November 22, 2023 between Alpha Mind Technology Limited (the “Target Company” or “Alpha Mind”), the Target Company’s shareholders (the “Sellers”) and the Company (the “Transaction”).

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Global Clear Aligners market Size to Reach USD 38.48 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Technological advancements in dentistry, rising number of products launches and approval for clear aligners, and increasing benefits of clear aligners over traditional methods are key factors driving Clear Aligners market revenue growth Technological advancements in dentistry, rising number of products launches and approval for clear aligners, and increasing benefits of clear aligners over traditional methods are key factors driving Clear Aligners market revenue growth

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