Thu.Jul 11, 2024

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SoftBank acquires UK AI chipmaker Graphcore

TechCrunch: M&A

While the figure of $500 million has been bandied around in various reports for months, in a press briefing early Thursday morning, Graphcore co-founder and CEO Nigel Toon remained coy on the details. © 2024 TechCrunch. All rights reserved. For personal use only.

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Corporate Barbarians at the Gates: The Attack on Delaware

JD Supra: Mergers

All empires eventually decline. For decades, Delaware has held the crown as the premier state of incorporation for domestic companies (and many foreign companies seeking a foothold in the United States capital markets). But today, the barbarians are at the gates. Will state corporate law power fracture into an Eastern empire in Wilmington and a Western empire in Austin or Sin City?

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Formlabs acquires 3D printing startup Micronics mid-Kickstarter campaign

TechCrunch: M&A

What this means for the future of the Fuse line remains unclear, though the companies confirmed with TechCrunch that the Micronics branding is going away. © 2024 TechCrunch. All rights reserved. For personal use only.

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M&A Insights and Outlooks: A Conversation with Katie Balson of Origin Merchant Partners

JD Supra: Mergers

To help businesses, investors, and deal professionals better understand the evolving M&A market, Robert Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a series of conversations with M&A experts. Below is his conversation with Katie Balson, a Director at Origin Merchant Partners, a top M&A advisory firm headquartered in Toronto with offices throughout North America.

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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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Earnouts: Drafting Tips to Avoid Disputes

Deal Lawyers

Earnouts are perhaps the most contentious of deal terms, and over the years, disputes about earnout provisions have provided us with a rich source of blog topics. Despite all the problems with them, earnouts continue to be a popular tool for bridging valuation gaps.

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Climate Activists in New York Protest Citibank and Other Backers of Big Oil

The New York Times: Banking

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.

Insurance 123
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How to Optimize Remote Work

Cisco: M&A

Simplify Your Remote Work Security and Systems with These 5 Tips If you frequent our blog, you know how often we talk about remote work and how it’s here to stay.

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Fresh inflation data is expected to show continued cooling.

The New York Times: Banking

The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.

IT 103
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Bitcoin could be heading for a 'summer of 2021 style' correction between record highs, data shows

CNBC: Investing

Bitcoin is not expected to retest its record until later in the year, but data shows this correction could get uglier before a recovery begins.

IT 103
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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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Beyond the Data: Higher speed and lower latency fastest growing priorities for algo users

The TRADE

The TRADE recently delved beyond the data to share findings from our annual Algorithmic Trading Survey – Hedge Funds 2024, which indicated that hedge funds were happier than ever with their algo providers. Holistically, 2024 proved to be positive for algorithmic trading providers, with the overall rating for performance sitting at 5.86 – significantly higher than 2023 and demonstrating the highest survey average from hedge fund respondents since we began tracking their results separately i

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insightsoftware Acquires LeaseAccelerator, Leading Provider of Lease Accounting, Real Estate Lease Administration, and Lease Lifecycle Management

Global Newswire by Notified: M&A

Addition of LeaseAccelerator, EZLease, PureLease, and LeaseController solutions strengthen insightsoftware’s lease offerings, significantly expanding capabilities and global reach Addition of LeaseAccelerator, EZLease, PureLease, and LeaseController solutions strengthen insightsoftware’s lease offerings, significantly expanding capabilities and global reach

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Liquidnet names new head of international for the Americas

The TRADE

Liquidnet has appointed Jeffrey Crane as head of international for the Americas, as part of the firm’s continued investment in its cross-border business. Crane brings more than two decades of experience in institutional equity trading to the role. He joins from SageTrader where he most recently served as managing director and head of sales, overseeing new business growth for domestic and international trading.

Trading 63
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The Art of Acquisition: Building a Stronger Business through Strategic Mergers

Sun Acquisitions

In business, mergers and acquisitions are often perceived through the lens of financial transactions and corporate strategy. However, beneath the surface lies a realm where creativity, intuition, and vision converge to shape the destiny of companies. Far from being mere business deals, mergers can be seen as an art form—an intricate dance of collaboration, innovation, and transformation to build more robust, resilient entities.

Mergers 59
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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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BTIG names new emerging markets fixed income MD

The TRADE

Flavio Paparella has been named managing director within BTIG’s global emerging markets fixed income group, joining from Seaport Global Holdings where he also served as a MD focused on LATAM fixed income. In the new role, Paparella will be based in New York and is set to focus on Latin American markets, as the firm seeks to expand its presence in the area.

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¿Qué pasa cuando tu banco no es realmente un banco y tu dinero desaparece?

The New York Times: Banking

En un caso que los expertos califican como “muy inusual”, cientos de usuarios perdieron acceso a sus ahorros y, para recuperarlos, primero tienen que saber quién tiene su dinero.

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This utility is one of the best performing stocks in the market with room for more AI demand upside

CNBC: Investing

Vistra's stock performance in 2024 trails only AI heavyweights Super Micro Computer and Nvidia.

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Kaleris Acquires CAMS Software

Global Newswire by Notified: M&A

Kaleris announces the acquisition of CAMS Software, the leader in transportation solutions designed specifically for large-scale grocery distribution.

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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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Insurance Brokerage M&A Multiples: 2024 Report

Sica Fletcher

The following report details insurance brokerage M&A multiple averages for H1 2024. Our research team averaged the information using data from our Sica | Fletcher index, which monitors approximately 70% of insurance sector transactions. We split the averages presented below according to insurance industry subsectors and brokerage sizes to provide a more accurate estimation of multiples.

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Kitchen-Sink Pleading Will Not Fly In Delaware

Sidley Shareholder Litigation

Vice Chancellor Glasscock recently affirmed in BV Advisory Partners, LLC v. Quantum Computing Inc. , C.A. No. 2022-0719-SG, that more is not always better when it comes to pleading claims. In ruling on motions to dismiss filed by all defendants, the Court dismissed six Defendants for failure to plead personal jurisdiction under Rule 12(b)(2), and also dismissed eight of ten causes of action pled against the remaining Defendants for failure to state a claim under Rule 12(b)(6).

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Genius Metals Secures an Option to Acquire a 100% Interest in a Prospective Copper-Gold Project in the Kingdom of Morocco

Global Newswire by Notified: M&A

MONTRÉAL, July 11, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) ("Genius Metals" or the "Company") is pleased to announce that it has entered into an option agreement with Société Bleida Mineral Ressources SARL to acquire a 100% interest in the BMR Cu-Au project, located in the Kingdom of Morocco. This option agreement was negotiated at arm’s length.

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What is post merger integration and what are typical steps?

Lake Country Advisors

Mergers and acquisitions (M&A) are significant undertakings that can reshape your business’ future. However, the real work begins after the deal is closed. The work we are referring to is post-merger integration (PMI), which entails rearranging your businesses to achieve your M&A objectives. It involves ironing various aspects of business, including operations and strategies, to form a cohesive and efficient organization.

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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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Thursday's analyst calls: Spotify gets an upgrade, Costco price target increase

CNBC: Investing

A streaming giant and a major wholesale retailer were among the stocks being talked about by analysts on Thursday.

Retail 67
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Citi’s new head of banking granted $40mn in stock

Financial Times - Banking

Equity issued to Viswas Raghavan who joined from JPMorgan in June will vest over seven years

Banking 70
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Investors are underestimating the AI capabilities of this big-cap tech stock, analysts say

CNBC: Investing

This megacap technology stock offers a winning artificial intelligence strategy, some Wall Street analysts say.

Stock 67
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The Open Banking Challenge: Ensuring Compliance with API Standards for the Financial Industry

Global Banking & Finance

By Jamie Beckland, Chief Product Officer at APIContext For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a powerful combination that streamlines how financial data is exchanged. Moreover, APIs reduce IT complexity and simplify financial transactions for the financial industry.

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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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An options trade that wins if the worst is mostly over for this struggling trucking stock

CNBC: Investing

Mike Khouw breaks down a nuanced options trade for on a transportation stock reporting next week.

Trading 66
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PK AirFinance Issues Inaugural $622 Million Aviation Loan ABS

Global Newswire by Notified: M&A

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), has closed its inaugural aircraft loan asset-backed securitization: PK ALIFT LOAN FUNDING 3 Series 2024-1 (“PKAIR 2024-1”). PKAIR 2024-1 issued over $622 million of Notes that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition a 100% series limited partnership interest in a PK-managed origination vehicle.

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Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Spotify, AMD, Uber, McDonald's, Broadcom & more

CNBC: Investing

Here are Thursday's biggest calls on Wall Street.

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