Wed.Nov 13, 2024

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Nokia acquires Rapid, the API company once valued at $1B

TechCrunch: M&A

Nokia, once the world’s biggest mobile phone company but now mainly a provider of infrastructure and services to telecoms carriers, has made an acquisition in its bid to be a bridge between the worlds of tech and telecoms. It’s acquiring Rapid, formerly known as RapidAPI, a startup that operates an API marketplace. Nokia will be […] © 2024 TechCrunch.

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New York Retail’s New Frontier: The Shift from Leasing to Owning Space in a Changing Market

JD Supra: Mergers

It is no secret that the retail market has faced significant challenges over recent years. With the rise in e-commerce came a prediction of the decline of the brick and mortar retail store. This prediction was reinforced with major retail brands, such as Barneys, Lord & Taylor, and Century 21 facing bankruptcy. By: Farrell Fritz, P.C.

Retail 172
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Lyten buys battery manufacturing assets from beleaguered Northvolt

TechCrunch: M&A

Silicon Valley unicorn Lyten will gain equipment and space to start making its lithium-sulfur batteries. © 2024 TechCrunch. All rights reserved. For personal use only.

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New HSR Form Brings Significant Impact for Deals: A Deep Dive into What Has Changed

JD Supra: Mergers

On October 10, the Federal Trade Commission (FTC) and Department of Justice (DOJ) (the Antitrust Agencies) finalized and released significant updates to the Hart-Scott-Rodino (HSR) premerger notification form. The updates are expected to go into effect on February 10, 2025, 90 days after their publication in the Federal Register, which occurred on November 12, 2024.

Trading 167
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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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Squeeze-Outs: Del. Chancery Says Zero Consideration to Common Was Entirely Fair

Deal Lawyers

Last month, in a post-trial opinion in Jacobs v. Akademos, Inc. (Del. Ch.; 10/24), the Delaware Chancery Court addressed the sale of a distressed company to a controlling stockholder where the common stockholders received no consideration.

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BlackRock expands its tokenized money market fund to Polygon and other blockchains

CNBC: Investing

BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.

Funds 145
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Less, but Still More: FTC Premerger Notification Final Rule

JD Supra: Mergers

In connection with certain mergers and acquisitions, the FTC and the Antitrust Division of the US Department of Justice review information provided by parties about proposed transactions reportable under the Hart-Scott-Rodino Antitrust Act (HSA Act) to ensure that the transaction will not stifle competition.

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Cisco and Our Partners: Moving Forward as One

Cisco: M&A

Celebrate the future of technology from Partner Summit 2024! Discover the Cisco 360 Partner Program and One Cisco initiative, empowering partners to drive AI transformation and deliver unparalleled customer outcomes.

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Navigating the North Sea: NSTA Releases New Guidance to Streamline M&A Transactions

JD Supra: Mergers

On 8 October 2024, the North Sea Transition Authority (NSTA) released updated guidance for the assignment of offshore petroleum production licences in the UK Continental Shelf (UKCS) (the Guidance). Publication of the Guidance followed a consultation launched on 28 March 2023 inviting industry feedback from licensees, infrastructure owners and potential future investors.

M&A 167
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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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Investor overseeing $1 trillion at Nuveen names her No. 1 idea right now

CNBC: Investing

Investors looking for opportunities in this elevated market may want to take a look at U.S. small caps, says big investor.

Investors 107
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FTC Amends Pre-Merger Notification Rules Affecting Use of Restrictive Covenants

JD Supra: Mergers

As we previously reported, the Federal Trade Commission (“FTC”) announced that it is amending and reorganizing the document requirements for pre-merger notifications under the Hart Scott Rodino Act (“HSR Act”), 15 U.S.C. 18a, which also includes a requirement for buyers to indicate the existence of non-compete and non-solicit agreements among the businesses involved.

Mergers 167
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UBS upgrades 3M to buy, says shares can rally more than 40%

CNBC: Investing

3M is poised to see a return to steady growth in the months ahead, according to UBS.

Shares 111
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New HSR Form to Take Effect February 10, 2025

JD Supra: Mergers

On November 12, 2024, the Federal Trade Commission (“FTC”) published its Final Rule and Statement of Basis and Purpose amending the Premerger Notification and Report Form filed for transactions reported under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”).

Trading 155
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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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Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

The Guardian: Mergers & Acquisitions

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn The food delivery company Just Eat Takeaway is selling Grubhub to the delivery-focused restaurant chain Wonder for $650m (£510m), only four years after buying the US app in a multibillion-dollar tie-up after the first Covid lockdowns.

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[Podcast] Health Care Transaction Laws Unwrapped: Deal Impacts for Private Equity Firms, MSOs & DSOs

JD Supra: Mergers

On this episode of Ropes & Gray’s Health Care Transaction Laws Unwrapped podcast series, health care attorneys Christina Bergeron, Devin Cohen and Natalie LaRue discuss recent developments in state health care transaction laws and their impacts on private equity investments in health care.

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Commerzbank joins LCH ForexClear as clearing member

The TRADE

Commerzbank is the latest clearing member to join the London Stock Exchange Group’s LCH ForexClear as a clearing member. Andrew Batchelor Andrew Batchelor, head of ForexClear, LCH, said: “Over the past 18 months, financial institutions from Europe, Asia and the US have joined us and chosen to clear their FX trades with us, and we have seen record volumes across our products.

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Goldman sees 20% upside as Philip Morris moves to mostly smoke-free products such as Zyn

CNBC: Investing

The Wall Street investment bank reiterated its buy rating on the tobacco giant and called it a top pick for 2025.

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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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AI? Patience young grasshopper

The TRADE

Artificial intelligence (AI) and innovation have become synonymous in recent times, with the promise of more efficiency than ever before without breaking the bank clearly proving too good to resist. But what does the persistent evolution of AI mean for capital markets specifically? In a world characterised by its complexity and high barriers to entry, is the promise of conclusive simplicity perhaps just too good to be true?

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Inflation report shows market could have a 'recipe for disaster' heading into new year, says economist

CNBC: Investing

The stock market was largely ignoring the October inflation report so far on Wednesday.

Stock 112
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Sustainability 101: What is e-waste?

Cisco: M&A

You have an electronic product that is no longer working and it has now become what is sometimes referred to as “e-waste.” Learn more about this topic from Cisco's Kelsi Doran.

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John Malone Reorders Media Empire as C.E.O. Exits

The New York Times: Mergers, Acquisitions and Dive

Liberty Media, which owns stakes in Formula 1 and Live Nation, is spinning off some of its assets in a corporate restructuring.

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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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German Council of Economic Experts cuts forecasts for 2024 and 2025

Global Banking & Finance

By Maria Martinez BERLIN (Reuters) – Germany will continue to lag well behind other advanced economies next year, the German Council of Economic Experts said on Wednesday, as it cut its growth forecasts for Europe’s biggest economy for 2024 and 2025.

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Macroeconomic Quarterly Update (Fall 2024)

Chesapeake Corporate Advisors

CCA tracks the following 14 economic datapoints, which are some of the common indicators used to monitor the status of the macro economy. A few key takeaways that CCA is monitoring are: Recent Rate Cuts Fed officials have cut rates twice in the past three months, by 50 basis points in September and by 25 basis points in November. Traders are pricing in more than a 70% chance of another rate cut in December.

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Stocks, US yields slightly lower after inflation data

Global Banking & Finance

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve.

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Métaux Genius conclut un accord d'option pour l'acquisition d'une participation de 100 % dans le projet de cuivre Timarighine, Royaume du Maroc

Global Newswire by Notified: M&A

MONTRÉAL, 13 nov. 2024 (GLOBE NEWSWIRE) -- Métaux Genius Inc. (TSXV : GENI) (« Métaux Genius » ou la « Société ») a le plaisir d’annoncer qu’elle a conclu le 12 novembre, 2024 une convention d’option visant l’acquisition d’une participation de 100 % dans le projet cuprifère Timarighine, situé dans le Royaume du Maroc. Cette acquisition s’inscrit dans la stratégie de la société d’explorer et de développer ses actifs marocains, notamment les projets Timarighine, Tifernine (permis 3842500) et

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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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Scholz, fighting for survival, says Germans should not choose between security and prosperity

Global Banking & Finance

By Thomas Escritt and Sarah Marsh BERLIN (Reuters) -Chancellor Olaf Scholz on Wednesday appealed to parties to pass measures such as raising child benefits and lifting tax thresholds before a February snap election, stressing that Germans did not need to choose between security and prosperity.

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Why now may be a good opportunity to buy these bonds — and earn tax-free income

CNBC: Investing

Municipal bonds are poised to deliver good total returns into next year, according to UBS and Bank of America.

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Factbox-Airlines suspend flights as Middle East tensions rise

Global Banking & Finance

(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES The Greek airline has cancelled flights to and from Beirut until Dec.

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