Mon.Apr 29, 2024

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Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs

JD Supra: Mergers

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by foreign governments, law enforcement and financial institutes.

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A Strong U.S. Dollar Weighs on the World

The New York Times: Banking

Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.

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FTC Files Administrative Complaint to Stop $8.5 Billion Tapestry-Capri Fashion Accessory Merger

JD Supra: Mergers

The Federal Trade Commission may point to economic harm to an identifiable cohort of consumers. The Federal Trade Commission (FTC) on April 22, 2024, filed an administrative complaint to block Tapestry, Inc.'s acquisition of Capri Holdings Limited, a deal valued at $8.5 billion. The proposed merger would combine three major fashion brands: Coach and Kate Spade from Tapestry, and Michael Kors from Capri.

Mergers 197
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A TikTok Divestiture Is Long Overdue

The New York Times: Mergers, Acquisitions and Dive

With its TikTok bill, Congress sent message to the world: You cannot disregard basic internet norms and expect to be treated like any other country.

IT 144
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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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Match.com's Divorce: Delaware Supreme Court Decides Standard of Review for Controlling Stockholder Transactions

JD Supra: Mergers

The Situation: When the Delaware Supreme Court decided Kahn v. M&F Worldwide Corp. (MFW) in 2014 (88 A.3d 635 (Del. 2014)), it provided a pathway for business judgment review for "freeze-out" merger transactions involving controlling stockholders. In Match, the Supreme Court considered whether the two-part MFW framework, which relies on the use of a special committee of independent directors and the vote of a majority of the unaffiliated stockholders, applies outside the context of freeze-ou

M&A 188
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Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger

The New York Times: Mergers, Acquisitions and Dive

Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merger.

Mergers 141

More Trending

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Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?

The New York Times: Banking

Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.

IT 133
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Private Equity Groups and Hedge Funds – Be Aware of Proposed California Legislation Potentially Imposing Further Approval Requirements and Restrictions on Certain Health Care Transactions

JD Supra: Mergers

On February 16, 2024, another Bill was introduced in California that could have significant implications on certain health care transactions. As proposed by Assembly Speaker pro Tempore Jim Wood, Assembly Bill 3129 (“AB-3129” or the “Bill”) seeks to expand state oversight of transactions involving private equity groups or hedge funds and health care facilities or providers.

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Binance’s Founder Plans a Comeback Even as He Faces Prison Time

The New York Times: Banking

Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.

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Australia Proposes Major Reforms to Merger Review Regime

JD Supra: Mergers

The Background: The Australian Federal Treasurer recently announced sweeping reforms to Australia's merger review regime. These reforms will overhaul the current merger review regime in Australia to introduce mandatory filing requirements for notifiable transactions, "bringing Australia into line with most other developed economies" (per the Australian Competition and Consumer Commission ("ACCC")).

Mergers 177
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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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M&A Masterclass: Building and Exiting Businesses in Health & Beauty with Tina Bradley

How2Exit

b' E207: M&A Masterclass: Building and Exiting Businesses in Health & Beauty with Tina Bradley - Watch Here rn rn About the Guest(s): rn Tina Bradley is a seasoned entrepreneur with a rich background in various business ventures, starting from her entrepreneurial journey at the age of nine. With hands-on experience in multi-level marketing, building an animal charity, and running approximately 200 monetized websites, Tina's expertise is vast and varied.

M&A 130
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Retaining Key Employees In M&A Transactions

JD Supra: Mergers

For potential buyers in a business merger or acquisition, the loss of key employees is a significant risk. That’s especially true in small- to medium-sized businesses, where critical roles and proprietary business insight can be concentrated in a few individuals and the impact of a key worker’s departure can be magnified. Retaining key employees can be a critical component of post-closing success, especially in the small- to medium-sized business space.

M&A 177
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Skydance Offers Paramount a Deal Sweetener: A $3 Billion Cash Infusion

The New York Times: Mergers, Acquisitions and Dive

The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.

Debt 117
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DAMITT Q1 2024: Merger Enforcement Begins 2024 with a Bang

JD Supra: Mergers

The U.S. agencies announced the conclusion of six significant merger investigations in Q1 2024, double the number seen last quarter. This marks the end of six quarters of three or fewer significant investigations. In line with recent trends, each significant merger investigation ended with a complaint or an abandoned transaction. Q1 2024 saw no merger settlements.

Mergers 159
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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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March-April Issue of Deal Lawyers Newsletter

Deal Lawyers

The March-April Issue of the Deal Lawyers newsletter was just posted and sent to the printer.

Mergers 113
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Panel Proposes Narrowing The Scope Of Companies Subject To The Code

JD Supra: Mergers

On 24 April 2024, the UK Takeover Panel published PCP 2024/1 ("PCP 2024/1"), in which it is consulting on a significant narrowing of the types of companies that will be subject to the Takeover Code (the “Code”) - i.e., as targets for which any offers must comply with the Code's provisions (a “Code company”). Comments are called for by 31 July 2024 and the Panel intends to publish a Response Statement in Autumn 2024, with the new provisions expected to be implemented one month later (the.

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Bernstein says 'be like Buffett' and buy Apple shares while they are cheap, upgrades to outperform

CNBC: Investing

Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China.

Shares 113
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Google prueba un asistente de IA que ofrece consejos de vida

The New York Times: Mergers, Acquisitions and Dive

Los expertos en seguridad de IA de la empresa advirtieron sobre algunos riesgos en tales herramientas. Las funciones se están evaluando.

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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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Why Eli Lilly's earnings are no sure thing for traders despite obesity drug momentum

CNBC: Investing

The Food and Drug Administration said supplies of Zepbound and Mounjaro are expected to be limited through the second quarter, for all but one dosage.

Food 112
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How To Sell Equity In Your Company

Benchmark International

Selling equity in your privately owned company can be an effective tool if you plan to grow your business or begin to plan your exit strategy.

Equities 101
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Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more

CNBC: Investing

These are the stocks posting the largest moves in early morning trading.

Stock 112
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Comply-to-Connect and Cisco ISE: Revolutionizing the Department of Defense

Cisco: M&A

The Defense Information Systems Agency (DISA) plays a fundamental role in ensuring that the U.S.

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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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Apple and Tesla relief rallies could have further to go, according to the charts

CNBC: Investing

Katie Stockton breaks down the charts on Tesla and Apple for clues about how long these relief rallies can last.

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People Moves Monday: Investec, BMO Capital Markets and BNP Paribas AM

The TRADE

Dom Lowres, head of execution strategy and Matthew West, electronic sales trader, at Liberum are set to join Investec in the coming months to set up a new low touch electronic desk. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum.

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Top Tesla analyst Adam Jonas says Musk's China visit means 'he's back' and fully committed to EV maker

CNBC: Investing

Morgan Stanley reiterated an overweight rating on Tesla, alongside a $310 per share price target, implying more than 82% upside from Friday's close.

Shares 109
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Royal London Asset Management restructures global equity team

The TRADE

Royal London Asset Management has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team. Piers Hillier Peter Rutter, former head of equities at Royal London AM, resigned earlier this year, alongside several members of the global equities team, who are believed to be setting up their own company.

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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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Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI race

CNBC: Investing

Looking ahead, the Nvidia investment thesis is undiminished, according to Melius Research.

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MUFG names new head of FX trading and distribution

The TRADE

David Wright has been named head of FX trading and distribution at MUFG after three years with the business. He joined the bank in 2021 as global head of e-FX having and previously served as a strategic transformation consultant at State Street. Prior to that, Tokyo-based Wright spent 16 years at Morgan Stanley, most recently as a managing director.

Trading 64
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Earnings reports have sparked big swings for tech stocks. Here's what chart experts are watching

CNBC: Investing

These are how technical experts view the charts of companies like Meta and Alphabet after their earnings reports this week.

Stock 109
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MarketAxess taps Standard Chartered for new global head of emerging markets

The TRADE

Electronic trading platform MarketAxess has appointed Dan Burke as global head of emerging markets (EM), based in London. As part of the role, Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets. Burke will hold responsibility for business and product management expansion of MarketAxess’ EM trading business across both geographies and products.

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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?