Mon.Aug 12, 2024

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Synopsys’ plans to buy Ansys for $35B falls on UK regulatory radar

TechCrunch: M&A

The U.K. antitrust regulator has confirmed that it’s carrying out an early-stage inquiry into Synopsys‘ plans to buy Ansys. The Competition and Markets Authority (CMA) has opened an “invitation to comment,” meaning any stakeholders or interested parties can file their objections to the transaction, after which the regulator will decide whether to progress the investigation […] © 2024 TechCrunch.

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Fintech Capital Raising Trends in 2024

JD Supra: Mergers

Fintech Capital Raising Trends in 2024 - Global capital raising in the fintech sector rose 19% quarter over quarter, while deal volume declined 16%, signaling that investors remain cautious, according to CB Insights’ State of Fintech quarterly report. U.S. fintech deals raised $4.8 billion in 324 deals.

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Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice

TechCrunch: M&A

BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5% stake currently owned by Altice. Based on BT’s market cap […] © 2024 TechCrunch.

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FDIC Seeking Comments on Industrial Bank Rule Changes

JD Supra: Mergers

The FDIC is seeking comment on proposed changes to its regulation governing parent companies of industrial banks and industrial loan companies—Part 354 of the FDIC Rules and Regulations.

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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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AI-Powered Valuation: How AI is Revolutionizing the M&A Process with Simon Leroux

How2Exit

E237: AI-Powered Valuation: How AI is Revolutionizing the M&A Process with Simon Leroux - Watch Here About the Guest(s): Simon Leroux is a seasoned entrepreneur and current CEO and Founder of Optionality, an AI-driven platform focused on the mergers and acquisitions space. With a rich history in building and exiting businesses, Simon successfully bootstrapped his last startup, Gazelle AI, and led it to an acquisition by KKR.

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Overcoming Setbacks: How Landon Mance Mastered Industrial Service Business Acquisitions

How2Exit

E238: Overcoming Setbacks: How Landon Mance Mastered Industrial Service Business Acquisitions - Watch Here About the Guest(s): Landon Mance: Landon Mance is the co-founder of Backbone Planning Partners and a seasoned acquisition entrepreneur. He has a strong background in wealth management, particularly focusing on helping small and medium-sized business owners grow their enterprises and maximize value.

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FDIC Proposes To Exercise Now-Dormant Authority Under the Change-in-Bank Control Act

JD Supra: Mergers

The board of directors of the Federal Deposit Insurance Corporation (“FDIC”) recently proposed a rule change that would reassert its now-dormant authority to review changes in bank control involving bank holding companies. Under the Change-in-Bank Control Act (the “CIBCA”), 12 USC 1817(j), the FDIC has statutory authority to review and approve or reject proposals that would result, directly or indirectly, in changes of bank control, as defined in the CIBCA.

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M&A Disclosure: 9th Cir. Says Only Target Stockholders Can Sue Based on Target Disclosures

Deal Lawyers

In September 2022, the 2nd Cir. adopted a bright line rule holding that only target stockholders have standing to assert Rule 10b-5 claims based on the target’s disclosures relating to a merger. Last week, in Max Royal LLC v. Atieva, Inc. (9th. Cir.; 8/24), a 9th Cir. panel endorsed the 2nd Cir.’s position.

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July buys Sunwest Pensions

JD Supra: Mergers

July Business Services, LLC purchased Sunwest Pensions, a retirement plan recordkeeper and Third Party Administrator based in Tempe, AZ. By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.

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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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Harnessing the Power of AI to Improve Operations

Cisco: M&A

This blog explores the paradigm shift brought about by AIOps, which combines the power of AI and automation to streamline IT operations, enhance decision-making, and drive proactive problem resolution.

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Turn to these dividend growers as the Fed cuts rates

CNBC: Investing

Certain dividend stocks outperform when the Federal Reserve cuts rates at a slow pace, according to Ned Davis Research.

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Empowering youth worldwide toward a more sustainable and digitally resilient future

Cisco: M&A

Learn how Cisco Foundation partners Raspberry Pi Foundation and Digital Opportunity Trust are supporting and nurturing the creativity, resiliency, and leadership of youths worldwide through sustainability programs and digital resiliency.

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The Role of Technology in Modernizing Roofing and Home Services Companies and Boosting Valuations

Align Business Advisory Services

Home services companies, roofing companies and others are increasingly adopting new technology to enhance their operations, improve safety, and deliver superior customer satisfaction. Integrating high-tech tools like drone inspections, project management software, and advanced materials makes their processes more efficient and accurate, which can significantly boost their company valuations and make them more appealing to.

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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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Private REITS Were a Hot Investment Trend, but They’ve Lost Some Appeal

The New York Times: Banking

Drawn by the opportunity to invest with private equity firms, small investors rushed into real estate investment trusts. But the funds have lost some appeal as interest rates have climbed.

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Monday's analyst calls: Nvidia earnings preview, Robinhood to rally nearly 30%

CNBC: Investing

A chipmaker and an online brokerage were among the stocks being talked about by analysts to start the week.

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The opportunity of PayTech as a force multiplier for your company success

Global Banking & Finance

By Robert Kraal, CBDO and co-founder, of Silverflow The $6.3 trillion eCommerce market is experiencing a huge amount growth, with $199,771 USD spent online in just a second.

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Hedge fund manager Eric Jackson thinks this AI stock can be his next back-from-the-dead tech pick

CNBC: Investing

Investors may want to keep an eye on this artificial intelligence stock recovering from its lows, according EMJ Capital's Eric Jackson.

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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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Driving Growth Through Digital Transformation in M&A

Sun Acquisitions

In today’s fast-paced business environment, digital transformation has become more than just a buzzword—it’s a strategic imperative for organizations looking to stay competitive and relevant. As companies embrace digitalization to drive innovation and efficiency, the role of digital transformation in mergers and acquisitions (M&A) has become increasingly prominent.

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Morgan Stanley says buying these quality defensive stocks is the best option for investors right now

CNBC: Investing

Equity strategist Michael Wilson highlighted several quality and defensive names that are rated overweight by Morgan Stanley analysts.

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Cboe expands US Treasury volatility tracking capabilities as US election looms

The TRADE

Cboe has moved to expand its intraday Treasury volatility tracking capabilities in the US in the build-up to upcoming regime shifts on the horizon. The expansion will mean that the exchange will publish intraday values for its 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT). The index leverages Cboe’s proprietary VIX Index methodology and provides participants with the ability to track 30-day expected volatility in the US Treasury market in real-time.

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These nuclear energy stock plays could rise as much as 50%, analysts say

CNBC: Investing

Constellation Energy and Vistra Corp. are two of the best performing stocks this year with room for substantial upside.

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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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PlayFi to Launch Genesis Node Sale Early After 70K Transactions in One Week

Global Banking & Finance

New York City, New York, August 12th, 2024, Chainwire PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes.

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Levels to watch on the yen, bond yields and Nvidia to know when this volatile market spell is over

CNBC: Investing

Todd Gordon breaks down how he is analyzing the so-called yen carry trade and its impact on markets.

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Oil rises for fifth straight session on Mideast tensions and US data

Global Banking & Finance

By Laila Kearney NEW YORK (Reuters) -Oil prices were up by more than $1 a barrel on Monday, rising for a fifth consecutive session on intensifying Middle East supply risks and fading fears of a possible U.S. recession. Brent crude futures were up $1.32, or 1.6%, at $80.98 a barrel by 1531 GMT. U.S.

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Morgan Stanley names new EMEA electronic FX sales head

The TRADE

Morgan Stanley has appointed a new head of electronic FX sales for the EMEA region, The TRADE can reveal. Gurpeet Ubhi has been selected to oversee FX sales for the region at Morgan Stanley after most recently serving at Citi for the last eight years. He announced his departure from Citi on social media two months ago. Ubhi originally joined Citi in 2016 as a vice president in electronic FX sales, later taking on his most recent role as director in the same division in 2019.

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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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European shares muted as investors brace for data-packed week

Global Banking & Finance

By Pranav Kashyap and Ankika Biswas (Reuters) -gtgEurope’s benchmark stock index was subdued on Monday, erasing early gains, with investors bracing for key U.S. inflation numbers to gauge the Federal Reserve’s monetary policy path amid lingering recession fears and a deluge of other European data.

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People Moves Monday: Vanguard, Citadel, Morgan Stanley and more…

The TRADE

Robert Miller left Vanguard after five and a half years to join Kepler Cheuvreux’s (KCx) execution leadership team as head of market structure and liquidity solutions. He was previously head of international trading analytics and strategy at Vanguard, having joined in 2019. Miller replaces Byron Griffin in the role following his departure in May for ODDO BHF as head of execution sales and microstructure.

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Turkish gold demand lifts Italian jewellery exports as leather goods suffer

Global Banking & Finance

MILAN (Reuters) – A surge in demand for gold from inflation-stricken Turkey boosted exports of jewellery from Italy’s industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area. Demand from Turkey, where inflation was running at 61.

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