Tue.Apr 16, 2024

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Out from the Shadows: The SEC Succeeds on Shadow Insider Trading Theory

JD Supra: Mergers

The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory. The jury’s verdict, as well as increased SEC enforcement under this theory, requires a re-examination of trading behavior and policies when one learns material nonpublic information about another company in the course of employment.

Trading 177
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Adjustment Disputes: Seller Ordered to Pay Buyer 2x Purchase Price

Deal Lawyers

You read that right! This Cleary blog addresses a late February Delaware Chancery opinion confirming an arbitration award. SM Buyer LLC v. RMP Seller Holdings, LLC (Del. Ch.

Equities 133
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Monitorships – A Resource for AGs and Regulated Businesses Alike

JD Supra: Mergers

Recently, a matter involving the North Carolina Attorney General (AG) Josh Stein made headlines when it was announced that Affiliated Monitors Inc. would take over monitorship of HCA Healthcare. This relates to HCA’s compliance with the conditions set forth in an asset purchase agreement involving six North Carolina hospitals it acquired when it purchased Misson Health System in 2019 for $1.5 billion.

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Amid probes, Morgan Stanley vows not to change its wealth strategy

American Banker - Investment Banking

Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.

IT 111
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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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Dual Track Reboot: Five Key Considerations for Supercharging Your Life Science Company Exit

JD Supra: Mergers

There have been 44 initial public offerings (IPOs) listed on the US stock markets in 2024 thus far, many of which continue to trade at a premium to their initial offering price, demonstrating the strength and buoyancy of current public markets. Concurrent with the capital markets regaining momentum, 2024 to date has shown robust merger and acquisition (M&A) activity, with notable growth of close to 11% in life sciences M&A activity compared to 2023.

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Delaware Supreme Court Holds That Boards Must Satisfy the MFW Framework in Controller Transactions to Obtain Business Judgment Deference

JD Supra: Mergers

In 2014, the Delaware Supreme Court held in Kahn v. M&F Worldwide Corp. (“MFW”) that a court will apply the entire fairness standard of review to freeze-out merger transactions between a controlled corporation and its controlling stockholder when the controlling stockholder receives a non-ratable benefit unless the controller conditions the transaction on (1) negotiation by an independent committee and (2) approval by a fully informed vote of a majority of minority stockholders (the “MFW.

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Benchmark International Successfully Facilitated The Transaction Between Bitco Telecoms (Pty) Ltd To Link Africa Holdings (Pty) Ltd

Benchmark International

Benchmark International is pleased to announce the successful sale of BitCo Telecoms, a leading provider of business wireless and voice over IP solutions, to Link Africa, one of the leading cost-effective independent fibre network operators in South Africa

Sale 105
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2024 Securities, Shareholder, and M&A Litigation Outlook

JD Supra: Mergers

2023 was a busy year, with both the Delaware courts and others, including the U.S. Supreme Court, weighing in on shareholder and M&A litigation issues. The Delaware Court of Chancery issued several notable decisions on issues critical to companies incorporated in Delaware as well as those seeking to engage in transactions with Delaware-incorporated entities.

M&A 161
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Regional banks will dominate rest of earnings season this week. Here's what analysts expect

CNBC: Investing

What's key for investors this earnings season is the impact elevated interest rates may have on regional banks' net interest income.

Bank 109
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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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The Delaware General Assembly to the Rescue: Proposed Legislative Fixes to Uncertainty Created by Three Significant Delaware Chancery Court Decisions

JD Supra: Mergers

Summary - On March 28, 2024 the Council of the Corporation Law Section of the Delaware State Bar Association released a set of proposed amendments to the Delaware General Corporation Law (the "DGCL"). The proposed amendments, which are expected to be introduced to the Delaware General Assembly for approval this year, are intended to resolve uncertainty created by three significant decisions of the Delaware Court of Chancery over the last several months.

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This top investor delivers outperformance with her five-star Morningstar rated bond funds. Here’s how

CNBC: Investing

Baird Advisors co-chief investment officer Mary Ellen Stanek talks about how her experience has shaped her strategy and where she sees value right now.

Investors 104
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Government Announces Australia to Have a Mandatory and Suspensory Merger Control Regime

JD Supra: Mergers

In a move that has long been advocated for by the Australian Competition and Consumer Commission (ACCC), the Australian government has announced sweeping reforms to Australia's competition law merger control regime.

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If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead

CNBC: Investing

Nvidia shares have made an eyewatering advance this year, but the stock has dipped into negative territory this month amid concerns of a weakening macro.

Stock 102
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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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UK packaging firm DS Smith agrees £5.8bn takeover by US group

The Guardian: Mergers & Acquisitions

International Paper settles all-share deal after tussle with British rival Mondi Business live – latest updates The FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal. Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a £5.14bn all-share deal put forward by its British rival Mondi, based in Weybridge, that month.

Shares 88
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A bearish options trade that wins if the AI-led chip stock rally runs out of steam

CNBC: Investing

Nishant Pant discusses a bearish options hedge on a member of the chip sector that appears to be breaking down.

Trading 117
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BeyondTrust Acquires Entitle, Strengthening Privileged Identity Security Platform with Paradigm Shifting Just-in-Time Access and Identity Governance

Global Newswire by Notified: M&A

ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- BeyondTrust, the worldwide leader in intelligent identity and access security, today announced a definitive agreement to acquire Entitle, a pioneering privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate.

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Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more

CNBC: Investing

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

Stock 122
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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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How to Use AI to Optimize Customer Relationships

Global Banking & Finance

How to Use AI to Optimize Customer Relationships Written by Venkata Mudumbai April 2024 In response to evolving customer expectations and increasing competition, it’s essential for financial services organizations to adopt a modern, customer-centric approach to service.

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Tuesday's analyst calls: Rivian gets an upgrade, chip stock set to rally more than 35%

CNBC: Investing

An electric vehicle maker and a chip stock were among the biggest calls by analysts Tuesday.

Stock 107
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Kepler Cheuvreux’s KCx partners with Adaptive to create an event-driven equities trading system

The TRADE

Adaptive has partnered with Kepler Cheuvreux’s execution division KCx to develop an event-driven trading system based on Aeron and its own Hydra technology. The collaboration will provide KCx with a new front-office equities execution platform which enables clients to observe and manage KCx’s execution flow through one interface, offering new functionality and simplified workflows.

Trading 63
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Powell Suggests Interest Rates Could Stay High for a Longer Period

The New York Times: Banking

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.

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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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Celebrating Cisco’s AI Differentiation and Our Engineers During World Creativity & Innovation Week

Cisco: M&A

World Creativity & Innovation Week annually celebrates problem-solving within the realms of economic, social, and sustainable development.

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Here are Tuesday's biggest analyst calls: Apple, Tesla, Nvidia, Kroger, GM, Super Micro Computer, Rivian, Reddit & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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BMLL launches India trading data offering as part of continued APAC expansion

The TRADE

BMLL has moved to expand its regional Asia-Pacific offering with the launch of India equities trading data, The TRADE can reveal. Level 3 equities data from the National Stock Exchange of India (NSE India) dating back to January 2021 and Level 2 data from the Bombay Stock Exchange dating back across the same period will now be available to BMLL clients via its Data Lab.

Trading 58
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I.M.F. Sees Steady Growth but Warns of Rising Protectionism

The New York Times: Banking

The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.

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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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Beware these stocks forming the feared death cross — including 2 major consumer brands

CNBC: Investing

These stocks are approaching a death cross chart pattern and could be poised for a bearish trend ahead.

Stock 82
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Answering the Executive “Why” and “What” for Full-Stack Observability

Cisco: M&A

IDC is often asked why observability matters and how it benefits an organization. A recent worldwide IDC survey (sponsored by Cisco) on full-stack observability (FSO) offers some answers.

IT 52
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The All-Important Forecast: Six Reasons to Prepare Financial Statement Projections

PCE

As a busy business owner or financial executive, you may be tempted to trim nonessential tasks from your to-do list by asking a crucial question about each undertaking: What’s in it for me or my company? That’s a good place to start when considering whether your company should compile periodic business forecasts. But a second question should be: What does it tell others about my company?