Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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Navigating M&A Post Closing Disputes: Insights into Strategic Acquisitions

JD Supra: Mergers

Mergers and acquisitions (M&A) have been common in the U.S. and global economy for over a century and are undertaken to accomplish a range of economic objectives by deal participants. Within the subset of M&A that are acquisitions, buyers are bifurcated into two primary categories defined by the motivation for the acquisition: financial versus strategic.

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Doubtnut, once offered a $150M deal by Byju’s, sells for $10M

TechCrunch: M&A

Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for the once promising edtech leading app. The two firms confirmed the deal on Monday, but declined to share financial terms of the acquisition. Seven-year-old Doubtnut, […] © 2023 TechCrunch.

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Inside Tips From A Professional Recruiter: Timing

H. Friedman Search

Timing: Your Worst Enemy Or Your Best Friend As we continue with recruiter tips to make your 2024 even stronger, I thought about the total concept of timing and how it reflects on hiring. As time dictates, timing can be your best friend or your worst enemy. I am not talking about when you take a job in the year or the timing of your move based on when a bonus is delivered.

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How Elon Musk and Larry Page’s AI Debate Led to OpenAI and an Industry Boom

The New York Times: Mergers, Acquisitions and Dive

The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it. Then distrust fueled a spiraling competition.

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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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A View from Abroad: Unpacking DOJ’s M&A Safe Harbor Policy, Part II

JD Supra: Mergers

On October 4, 2023, United States Deputy Attorney General (DAG) Lisa Monaco announced a new Department of Justice (DOJ) Mergers & Acquisitions Safe Harbor policy that encourages companies to self-disclose criminal misconduct discovered by an acquiring company during the acquisition of a target company. Under the policy, the acquiring party will receive a presumption of….

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Buying property in Asia? Real estate specialists give their investment tips

CNBC: Investing

It's a good time for homeowners in Hong Kong to buy now, but investors hunting for yield might want to think twice, says Peter Churchouse of Portwood Capital.

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Yellow Rejects a Bid to Restart Trucking Company

The New York Times: Mergers, Acquisitions and Dive

In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.

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A New Era for Canadian Competition Law: Landmark Proposed Changes to the Competition Act Announced

JD Supra: Mergers

The government announced significant additional amendments to Canada’s Competition Act in late November 2023, building on those already under consideration by Parliament in Bill C-56 and others enacted in 2022. More specifically, the Fall Economic Statement Implementation Act, 2023 (FES Implementation Act) contains the proposed amendments previewed in the Fall Economic Statement and outlined in our recent bulletin.

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Trading Technologies bolsters senior leadership team with three new additions

The TRADE

Trading Technologies (TT) has made three new appointments to its senior leadership team, including chief operating officer; executive vice president of fixed income; and executive vice president of futures and options – all of which will join the firm on 1 January 2024. Justin Llewellyn-Jones has been appointed chief operating officer (COO), joining from Broadridge where he most recently served as chief product officer and head of capital markets, North America (equities, FX and derivatives).

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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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GameStop's potential new strategy: Let Ryan Cohen buy other stocks with company cash

CNBC: Investing

The Chewy co-founder and investor is gaining even more power at GameStop, which was at the center of the meme stock craze of 2021.

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Private equity investments shift upmarket on cash flow

Private Equity Info

For years, the private equity industry has been moving down market, as firms invest in smaller deals in the middle market and lower middle market. However, our most recent review of the data suggests that trend is reversing.

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DOJ Spotlights Voluntary Self Disclosure in M&A as it Adapts to New National Security Threats

JD Supra: Mergers

The past few months have seen numerous high-profile enforcement actions highlighting an increasing trend, what Deputy Attorney General Lisa Monaco called “the biggest shift in corporate criminal enforcement that I’ve seen during my time in government: the rapid expansion of national security-related corporate crime.” From the first-ever criminal resolution for sanctions violations from illicit sales and transport of Iranian oil by Suez Rajan Ltd. to guilty pleas and $4.3 billion in penalties by.

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AXA IM collaborates with Societe Generale’s FORGE on first market transaction using stablecoins

The TRADE

AXA Investment Managers (AXA IM) has completed its first market transaction using stablecoins issued by Societe Generale – FORGE as part of a new joint experiment. Societe Generale – FORGE’s CoinVertible (EURCV) stablecoins were used as part of the transaction, which is an effort from AXA IM and Societe Generale to adapt to technological developments to benefit their client base.

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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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AMD takes aim at Nvidia with new AI chips. Here’s what might be next for the stock

CNBC: Investing

The latest AI chips from Advanced Micro Devices may showcase the company's capabilities, but the chipmaker faces some obstacles ahead.

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The battle for better: Mobile apps in wealth management

Accenture Capital Markets

Our recently published Asia wealth management repor t focuses on two crucial areas for firms: relationship manager (RM) productivity, which my first blog examined; and the importance of mobile as a channel, which this blog covers. Let’s start with a sobering finding from our research: Just 47 percent of the more than 3,521 wealth management clients we surveyed for our report across ten markets in Asia are satisfied with their firm’s mobile offering.

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Australian merger control reform proposals set to affect deal?making

JD Supra: Mergers

The Australian Treasury has released a paper to begin consultation on potential merger control reform. If implemented, the proposed reforms would transform Australia’s voluntary, non-suspensory merger control system – with the number of notifiable transactions, upfront information requirements, and the risk of regulatory intervention likely to increase.

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Xi Jinping Is Asserting Tighter Control of Finance in China

The New York Times: Banking

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.

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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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BlackRock's Rick Rieder sees first rate cut in mid-2024, thinks market is pricing in easing too soon

CNBC: Investing

BlackRock's Rick Rieder thinks the Federal Reserve should start enacting small rate cuts in the middle of 2024, later than the current market pricing suggests.

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Alaska Airlines Plans to Buy Hawaiian Airlines

The New York Times: Mergers, Acquisitions and Dive

The deal, valued at $1.9 billion, is likely to face close scrutiny by federal antitrust regulators.

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Australian Government consults on merger reform

JD Supra: Mergers

The Australian Government has commenced consultation on options to reform Australia's merger regime, including a shift to a mandatory suspensory regime. Businesses have until 19 January 2024 to respond to the consultation.

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EU and UK Investment Research Reviews: Convergence is paramount

The TRADE

During a panel hosted by the Association for Financial Markets in Europe (AFME), panellists explored existing developments on investment research in the EU and the UK as part of the respective EU Listing Act and the UK Investment Research Review. In July, the UK Government announced that it had accepted recommendations from the Investment Research Review under the Edinburgh Reform, paving the way for a new ‘Research Platform’ that will provide a one-stop-shop for firms looking for research exp

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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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China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says

CNBC: Investing

"The music industry has been the fastest growing entertainment segment in China with 140% revenue growth between 2019 and 2023," Morgan Stanley estimates.

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The Power of Purpose

Cisco: M&A

Today we released our annual Purpose Report , which reflects and celebrates the past year’s work towards Powering an Inclusive Future for All—the progress we’ve made against our goals, and the people a… Read more on Cisco Blogs

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Q&A: What does 2024 have in store for European M&A?

JD Supra: Mergers

There is a wealth of dry powder to spend but 2023 has seen M&A deal activity hampered by rising costs of debt, unstable markets, supply chain issues, general political uncertainty, and fear of global recession. So, what does 2024 have in store for European M&A?

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Social Media Management Market Size, Share & Growth Analysis, [2030] | CAGR of 21.1%

Global Newswire by Notified: M&A

According to Fortune Business Insights, the global social media management market size is projected to reach USD 76.03 billion in 2030, at a CAGR of 21.1% during the forecast period, 2023-2030 According to Fortune Business Insights, the global social media management market size is projected to reach USD 76.03 billion in 2030, at a CAGR of 21.

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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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Here’s how activist Elliott could build shareholder value amicably at Phillips 66

CNBC: Investing

Many activists think of themselves as amicable and constructive, but that could actually be the case in this engagement at the petroleum refiner.

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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?

Mergers and Inquisitions

Almost all conversations about buy-side roles eventually turn to multi-manager hedge funds , also known as “pod shops.” There are only a few dozen large funds in this category worldwide, but they’ve greatly impacted the markets and finance careers. Multi-manager hedge funds promise investors solid risk-adjusted returns with low volatility; no matter what the broader market does, you’ll make money if you invest in them.

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SEC Unable to Correct Defects of Share Repurchase Disclosure Modernization Rule

JD Supra: Mergers

On November 22, the Securities and Exchange Commission (SEC) issued an order postponing the Share Repurchase Disclosure Modernization Rule (the Repurchase Rule). The SEC’s announcement followed the U.S. Court of Appeals for the Fifth Circuit’s finding that the Repurchase Rule was “arbitrary and capricious” and violated the Administrative Procedure Act.

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