Fri.Jun 14, 2024

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Recently Announced Tariff Rate Hikes Highlight Risks and Opportunities for M&A in the BESS Market

JD Supra: Mergers

The staged payment of purchase price is a near-universal feature of M&A in development-stage renewable energy and battery energy storage system (BESS) projects. In a typical sale, the buyer pays a comparatively small portion of the purchase price to the seller at closing (sometimes limited to expense reimbursement), with later tranches being paid when the project hits various milestones, such as the issuance of a notice to proceed (NTP) to the engineering, procurement and construction (EPC).

M&A 172
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Private Equity: Sponsor Guarantees

Deal Lawyers

For portfolio companies experiencing financial difficulties, credit support from PE sponsors may be essential in order for lenders to provide covenant relief or other accommodations to portfolio company borrowers. This Dechert memo discusses the use of sponsor guarantees and the issues that sponsors should keep in mind when considering them.

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Breaking Up is Hard to Do: Practical Advice for Exiting an LLC

JD Supra: Mergers

Cutting ties with business partners is a delicate and often complex process. Whether driven by irreconcilable differences, strategic shifts, or personal reasons, disengaging from business partners requires careful consideration of legal obligations and procedural requirements. In this article, we explore some of the key steps involved in terminating a relationship with business partners who are co-members of a limited liability company (LLC).

Business 167
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Friday's trading could trigger a $10 billion rush of demand for Nvidia shares. Here's how

CNBC: Investing

Nvidia's market cap race with Apple and Microsoft could have a big impact on a $70 billion fund.

Trading 144
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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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FTC Loses Bid to Block NC Hospital Merger between Novant and CHS

JD Supra: Mergers

On Wednesday, June 5 a federal district judge denied the Federal Trade Commission’s (FTC) request for an injunction to prevent Novant Health from acquiring two hospitals from Community Health Systems (CHS) in a $320 million deal. The ruling, if upheld, would allow Novant to move forward with the proposed transaction before the completion of the FTC’s own antitrust review through its in-house administrative court.

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Nearly One Year After Proposed HSR Rulemaking, Still No New Rules: What Should Companies Considering M&A Activity Expect?

JD Supra: Mergers

Last summer, on June 27, 2023, the Federal Trade Commission (FTC), with the concurrence of the Department of Justice (DOJ), unveiled proposed new rules governing implementation of the Hart-Scott-Rodino Act’s (HSR) premerger notification requirements.

M&A 167
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Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback

CNBC: Investing

Apple is among the most overbought stocks on Wall Street this week, joined by chip darlings Broadcom and Nvidia.

Stock 115
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Earnouts, Escrows, And Holdbacks: Alternative Payment Options For Structuring Your Next Business Purchase deal

JD Supra: Mergers

In business purchase and sale transactions, the purchase price leads to some of the most contentious push and pull in negotiations. A majority of disagreements arise from each party’s valuation of the target company as well as how to determine which party will assume more risk. To alleviate those contentions and come to a mutually beneficial agreement, alternative payment structures can be useful to provide flexibility when negotiating a deal.

Business 167
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This sector is loved by Wall Street for its attractive yields and relative value

CNBC: Investing

Agency mortgage-backed securities are providing a coupon yield of about 5.7%, according to UBS.

IT 107
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Provide Real Value in Your Applications with Data and Analytics

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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Benchmark International Successfully Facilitated the Transaction Between GEOGRAPH Technologies, LLC and Abingdon Software Group

Benchmark International

Benchmark International has successfully facilitated a transaction between Easley, South Carolina-based GEOGRAPH Technologies, LLC (“GEOGRAPH”) and London, UK-based Abingdon Software Group (“Abingdon”).GEOGRAPH provides geographic information system (GIS) services utilizing a software extension for clients to manage fiber optic, copper, and coax networks.

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Alasdair Haynes latest to join FCA panel aimed at fortifying the City

The TRADE

Aquis Exchange chief executive officer and founder Alasdair Haynes has become the latest industry participant to be appointed to the UK Financial Conduct Authority’s (FCA) Markets Practitioner Panel. The panel is aimed at being a “critical friend” to the FCA in a bid to ensure the watchdog’s policies “maintain and advance” London’s position as an international financial centre.

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Preparing for the European Accessibility Act: The Countdown to 2025

Global Banking & Finance

Preparing for the European Accessibility Act: The Countdown to 2025 By Hilary Stephenson, Managing Director of Nexer Digital As the deadline for the European Accessibility Act (EAA) approaches, banks and financial services firms trading within Europe find themselves at a crucial juncture.

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UK housebuilder Crest Nicholson rejects £650m Bellway bid

The Guardian: Mergers & Acquisitions

Company has been under pressure, issuing several profit warnings amid slump in property market Business live – latest updates Crest Nicholson, the embattled housebuilder, has rebuffed a second all-share takeover approach from its larger rival Bellway valuing the group at about £650m. The FTSE 250 housebuilder this week reported losses in the first half and slashed its dividend in its latest profit warning as it continued to be hit by volatile mortgage rates and slowing demand in the housing mark

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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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Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024

Global Newswire by Notified: M&A

Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024.

Shares 59
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How Morgan Stanley says to play the next wave of the AI trade

CNBC: Investing

Data centers are poised to serve as essential components of AI investment in the future, given the computational power the technology requires.

Trading 61
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Know Your Insurance Agency: Purchase Price Calculations

Sica Fletcher

Insurance agency owners who are considering the prospect of running an M&A deal process often have many concerns about the fate of their agencies, but the most common by far are those surrounding the agency’s purchase price at closing. In reality, this number varies according to a wide range of factors - buyer, deal structure, the market - however, the table below provides some generalized averages for small, mid-size, and large agencies: Insurance Agency Purchase Price Averages By Agency Si

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Five Historic Properties, Formerly Held by Caltrans, Coming Back on the Market in South Pasadena with The Dave Knight Real Estate Team

Global Newswire by Notified: M&A

Five Historic South Pasadena Properties Previously Taken in Eminent Domain by Caltrans Are Back on the Residential Real Estate Market Now.

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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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JPMorgan says this data security stock is a great pick for the second half with AI tailwinds

CNBC: Investing

Shares of Varonis have lost roughly 7% this year, creating a compelling buying opportunity for investors, according to an analyst.

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Point sur le déroulement de l’offre publique d’achat simplifiée initiée par Upbeat BidCo sur les actions de la société Believe Evolution du flottant de l’action Believe L’Offre ouverte le 3 juin 2024 se poursuit jusqu’au 21 juin 2024

Global Newswire by Notified: M&A

Point sur le déroulement de l’offre publique d’achat simplifiée initiée par Upbeat BidCo sur les actions de la société Believe Evolution du.

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Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

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Snap One Announces Completion of Acquisition by Resideo

Global Newswire by Notified: M&A

CHARLOTTE, N.C., June 14, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) is pleased to announce that its acquisition by Resideo Technologies, Inc., a Delaware corporation (“Resideo”), was completed today. The acquisition was effectuated by the merger (the “Merger”) of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-owned subsidiary of Resideo.

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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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Friday's analyst calls: Bank of America gets an upgrade, Pinterest to pop 20%

CNBC: Investing

A major U.S. bank and a social media company were among the companies being talked about by analysts on Friday.

Bank 54
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Man Group PLC : Form 8.3 - Barratt Developments plc

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK

Global Banking & Finance

Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK The ongoing economic challenges in the UK have significantly impacted families nationwide, forcing individuals and businesses to cope with rising bills and soaring interest rates.

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Autonomous/Self Driving Vehicle Market to Excel USD 677.2 Billion by 2031 | SkyQuest

Global Newswire by Notified: M&A

Westford USA, June 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Autonomous/Self Driving Vehicle Market will attain a value of USD 677.2 Billion by 2031, with a CAGR of 37.8% over the forecast period (2024-2031). The expansion of e-commerce has led to an increase in delivery needs, which calls for quicker and more efficient logistics solutions.

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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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G7 vows to drop fossil fuels faster, but activists unimpressed

Global Banking & Finance

G7 vows to drop fossil fuels faster, but activists unimpressed By Crispian Balmer BORGO EGNAZIA, Italy (Reuters) -Leaders of the Group of Seven developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their summit in […]

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Bioanalytical Testing Services Market will Reach USD 8.51 Billion by 2031 | SkyQuest

Global Newswire by Notified: M&A

Westford USA, June 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Bioanalytical Testing Services Market will attain a value of USD 8.51 Billion by 2031, with a CAGR of 15% over the forecast period (2024-2031). The main reason behind the growth of this market is the recent tendency by major pharmaceutical firms to subcontract out their research and development (R&D) activities so they can focus on their main competencies.

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Election concerns in France give euro worst week in two months

Global Banking & Finance

Election concerns in France give euro worst week in two months By Karen Brettell (Reuters) -The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concerns that a new government will worsen France’s fiscal situation as a snap parliamentary election approaches.