Sat.Apr 27, 2024 - Fri.May 03, 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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What A Thank You Note Can Do For You

H. Friedman Search

This may be a dry topic, but it is so important and many job seekers are overlooking it. I cannot stress the importance of a well-crafted, meaningful thank-you note to everyone you have interacted with at the company you are currently interviewing with. Why? Because it’s your calling card that is left behind as the process progresses. With time taking so much longer to get hired (as we have shared over the last few blogs ), your thank you note will remind them of your continued interest in the

Shares 177
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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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ESG Due Diligence: Now Mandatory?

Deal Lawyers

This survey by BCG and Gibson Dunn concludes that ESG due diligence has become “indispensable” for M&A. Two-thirds of survey respondents have engaged on ESG topics during transactions, and 75% reported that they identified a material ESG issue in a deal in the last three years because they conducted due diligence.

M&A 124
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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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Corporate Transparency Act: Beware of Filing Scams

JD Supra: Mergers

Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN posted an alert on the Beneficial Ownership Information homepage stating, “FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.

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TDECU Signs Definitive Agreement to Acquire Sabine State Bank and Trust to Increase Commercial Banking Opportunities in Texas and Louisiana

Global Newswire by Notified: M&A

The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture. The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture.

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DE Chancery: “Commercially Reasonable” Doesn’t Require Actions Beyond Buyer’s Self-Interest

Deal Lawyers

Himawan v. Cephalon, Inc. (Del. Ch.; 4/24) presents a familiar fact pattern in life-sciences M&A. The target biotech company was developing one main asset for two possible indications. In its acquisition by Cephalon, its stockholders were entitled to “milestone” payments tied to regulatory approval of the asset for those indications.

M&A 124
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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 192
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Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

CNBC: Investing

Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.

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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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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 132
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Private equity returning to platforms, with greater efficiency

Private Equity Info

This article was first published in the Spring issue of Middle Market Dealmaker , the official print publication of the Association for Corporate Growth.

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[Audio] Multiemployer Pension Plans in Mergers and Acquisitions — Troutman Pepper Podcast

JD Supra: Mergers

In this insightful episode of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, attorneys Paul Porretta and Christopher Stock delve into the complex world of multiemployer pension plans. They discuss critical considerations for businesses contemplating the purchase of entities that contribute to these plans.

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First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett

CNBC: Investing

The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.

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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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Fireside Friday with… BNY Mellon’s Geoffrey Yu

The TRADE

With the market increasingly looking at the potential of emerging markets, what’s front of mind from your side? One of our key expectations for 2024 was a turnaround in asset allocation in favour of emerging markets (EM), especially for diversification purposes as US positions became more concentrated. After record levels of outflows since the Fed shifted towards a tightening cycle, the stage appeared set for recovery flow as G10 central banks embarked on easing.

Valuation 105
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Banking on Generative AI: Three Strategic Frontiers to Conquer in 2024

Global Banking & Finance

Banking on Generative AI: Three Strategic Frontiers to Conquer in 2024 Financial institutions have long grappled with the challenge of offering best-in-class customer service and personalization with pockets of success.

Bank 110
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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 182
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BlackRock says now is the time to lock in higher yields and move cash into bonds

CNBC: Investing

History shows investors can miss out on locking in higher yields if they wait for an answer on Fed rate cuts, a new BlackRock report says.

Investors 137
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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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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 115
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Which Programming Language to Choose for AI?

Cisco: M&A

Did you ever ask ChatGPT how it was programmed? Or which programming language might be useful when you are about to create or test new AI application features?

IT 105
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March 2024 HSR Transactions: Unpacking Their Implications for Cybersecurity and eDiscovery Trends

JD Supra: Mergers

Editor’s Note: This comprehensive report explores the intricate relationship between economic trends, Hart-Scott-Rodino (HSR) transaction activities, and their implications for professionals in cybersecurity, information governance, and eDiscovery. Drawing from recent GDP data and HSR transaction statistics, the analysis offers a detailed overview of the current economic landscape, emphasizing the need for adaptive strategies in the face of fluctuating market conditions.

Economics 182
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An AI-focused ETF from a hedge fund veteran is gaining attention by soaring 60% over the past year

CNBC: Investing

The Spear Alpha ETF (SPRX) is concentrated in about 26 holdings and almost everything in the portfolio is seen benefiting somehow from artificial intelligence.

Portfolio 127
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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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Sony, Apollo Express Interest in Buying Paramount

The New York Times: Mergers, Acquisitions and Dive

Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.

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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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Looking Past the Headlines, the Impact of the FTC’s Ban on Non-Competes in M&A, Private Equity and Venture Capital

JD Supra: Mergers

Last week on April 23, 2024, the FTC adopted a final rule that would effectively ban non-compete agreements in the context of employment relationships when the rule becomes effective on September 4, 2024, absent a stay or injunctive relief. The rule would render unenforceable a broad array of employment-based non-competition agreements.

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These big, well-known stocks are forming the dreaded death cross chart pattern

CNBC: Investing

A death cross forms when a stock's 50-day moving average slips below its 200-day moving average, lending a signal that investors are bearish on a stock.

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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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Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal

The New York Times: Mergers, Acquisitions and Dive

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.

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Setting the Standard: Cisco Catalyst switches among the first to achieve ENERGY STAR certification

Cisco: M&A

Today, two of Cisco’s Catalyst line of switches, C9200-L and C9300-48P , are officially ENERGY STAR ® certified by the U.S. Environmental Protection Agency.

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[Video] Fierce Competition Podcast | Understanding the FTC’s Landmark Ban on Noncompetes

JD Supra: Mergers

The FTC issued its final rule broadly banning noncompete clauses between employers and workers. In this episode of “Fierce Competition,” Skadden attorneys Tara Reinhart, Annie Villanueva Jeffers and Justine Haimi discuss the contents of this bombshell rule, the mounting legal challenges it faces and what clients should do now that the rule has been finalized.

IT 177