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Secondary Fraud Claims Against a Non-Party to M&A Deal Allowed to Procced Under Delaware Law

JD Supra: Mergers

On June 27, 2024, in Matrix Parent, Inc., et al. v. Audax Management Company, et al., the Delaware Superior Court denied Audax’s motion to dismiss, allowing to proceed H.I.G. Capital’s fraud claims in connection with its March 2022 purchase of a majority stake in Mobileum, Inc. from a holding company controlled by Audax.

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SoftBank acquires UK AI chipmaker Graphcore

TechCrunch: M&A

While the figure of $500 million has been bandied around in various reports for months, in a press briefing early Thursday morning, Graphcore co-founder and CEO Nigel Toon remained coy on the details. © 2024 TechCrunch. All rights reserved. For personal use only.

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Beyond the Obvious

H. Friedman Search

Unlike most blogs we write, today’s blog is addressed to all the hiring managers in the area of Public Finance. It does not matter if you are a manager at a Bank or a Bond Counsel firm, I have a question for you. Do you really know what an executive recruiter does for you? The title, Beyond the Obvious, should give you a clue; it’s a lot more than just showing you a potential candidate and getting them hired.

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Mastering Niche Marketing: Karl Hughes' Strategy to Building from 0 to $2.5M Business

How2Exit

E230: Mastering Niche Marketing: Karl Hughes' Strategy to Building from 0 to $2.5M Business - Watch Here About the Guest(s): Karl Hughes is the founder and creator of Draft.dev, a technical content marketing agency. With a background in mechanical and software engineering, Karl has propelled his career forward by venturing into content marketing and company acquisitions.

Business 130
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How to Avoid Getting "Ghosted": Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Climate Activists in New York Protest Citibank and Other Backers of Big Oil

The New York Times: Banking

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.

Insurance 141

More Trending

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China’s Antitrust Enforcement: A Look Back on 2023 and What to Expect in 2024

JD Supra: Mergers

On 18 June 2024, the State Administration for Market Regulation (SAMR), which includes the State Anti-Monopoly Bureau, released the China Antitrust Law Enforcement Annual Report (2023) (the “Report”). This article provides insights into the antitrust enforcement activities and legislative developments that took place in China in 2023 and offer a forecast of what we can expect in the year ahead, taking into account the Report and the developments observed in the first half of 2024.

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Activism: Del. Supreme Court Addresses Advance Notice Bylaw Amendments

Deal Lawyers

We previously blogged about the Chancery Court’s decision in Kellner v. AIM Immunotech, (Del. Ch.

Investors 113
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Activist Cevian has a stake in medical device company Smith & Nephew. How it may help improve margins

CNBC: Investing

British company Smith & Nephew is already a global leader in medical tech. Cevian could help it boost its profitability.

Medical 123
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

The New York Times: Banking

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

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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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Duolingo acquires Detroit-based design studio Hobbes

TechCrunch: M&A

Design and animation are core to the Duolingo experience, which makes learning a new language or skill more like a game rather than a task to be dreaded. © 2024 TechCrunch. All rights reserved. For personal use only.

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Healthcare & Life Sciences Private Equity Deal Tracker: SAIGroup Acquires Get Well

JD Supra: Mergers

SAIGroup has announced it has acquired Get Well. Get Well, founded in 2000 and based in Bethesda, Maryland, is a provider of patient engagement technology and services.

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How Microsoft’s Satya Nadella Became Tech’s Steely Eyed A.I. Gambler

The New York Times: Mergers, Acquisitions and Dive

Microsoft’s all-in moment on artificial intelligence has been defined by billions in spending and a C.E.O. counting on technology with huge potential and huge risks.

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Goldman profits more than double to $3bn as deals rebound

Financial Times - Banking

US investment bank’s results were also helped by stronger performance from its equities and fixed income businesses

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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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How Janet Yellen Became an Unlikely Culinary Diplomat

The New York Times: Banking

The Treasury secretary views food as a way to connect, and her dining decisions have become the subject of global intrigue.

Food 138
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Seae Ventures acquires Unseen Capital after founder death

TechCrunch: M&A

Seae Ventures is acquiring Unseen Capital after the death of founder Kayode Owens in 2021. The combined firm will continue to invest in healthcare for minorities and underserved populations. Owens, an investor and entrepreneur, launched Unseen Capital to focus on early-stage healthcare companies started by underrepresented founders, in 2020. He raised $30 million but unfortunately […] © 2024 TechCrunch.

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Corporate Barbarians at the Gates: The Attack on Delaware

JD Supra: Mergers

All empires eventually decline. For decades, Delaware has held the crown as the premier state of incorporation for domestic companies (and many foreign companies seeking a foothold in the United States capital markets). But today, the barbarians are at the gates. Will state corporate law power fracture into an Eastern empire in Wilmington and a Western empire in Austin or Sin City?

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How Beautycounter Fell Apart, Sinking Almost $700 Million With It

The New York Times: Mergers, Acquisitions and Dive

When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.

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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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State Street Global Advisors equity trader and VP departs

The TRADE

Rikki Corbyn has left State Street Global Advisors (SSGA) following 11 and a half years with the firm, The TRADE has learnt. Most recently, Corbyn served as equity and derivatives trader, vice president at SSGA, focused on the EMEA region, having joined the desk in December 2016. Prior to his time at SSGA, Corbyn held settlement-related roles at Credit Suisse, Citigroup, and Barclays Capital.

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Fresh inflation data is expected to show continued cooling.

The New York Times: Banking

The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.

IT 132
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Google’s Kurian approached Wiz, $23B deal could take a week to land, source says

TechCrunch: M&A

Alphabet, Google’s parent company, is in advanced talks to acquire Wiz for $23 billion, a person close to the company told TechCrunch. The deal discussions were previously reported by The Wall Street Journal. Wiz, a cybersecurity startup founded in 2020, was approached a few weeks ago by Thomas Kurian, head of Google’s cloud division, the […] © 2024 TechCrunch.

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SECURE 2.0 Simplifies Corporate Transactions with Mid-Year Termination Rules for SIMPLE IRA Plans

JD Supra: Mergers

In connection with a merger, acquisition, or other corporate (M&A) transaction, buyers often face the dilemma of how to handle the seller’s existing retirement plans covering the continuing employees. Terminating a seller’s existing retirement plan can be complicated if the seller maintains a Savings Incentive Match Plan for Employees (SIMPLE) IRA plan because the “exclusive plan rule” under Section 408(p)(2)(D) of the Internal Revenue Code (Code) provides that a SIMPLE IRA plan may not be.

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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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BlackRock's Larry Fink says he's a 'major believer' in bitcoin, is worried about government deficits

CNBC: Investing

The BlackRock CEO discussed cryptocurrency and government spending on CNBC's "Squawk on the Street.

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Intelligent Bio Solutions Strengthens UK Market Position with Addition of Key Manufacturing Accounts

Global Newswire by Notified: M&A

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the addition of several key accounts in the UK manufacturing sector. This announcement follows recent successes in the warehouse and logistics , transport and infrastructure , and retail sectors as the Company's growth momentum continues.

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Archegos Founder Bill Hwang Found Guilty on 10 Charges

The New York Times: Banking

The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.

Capital 121
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Goldman Sachs has 'solid' second quarter as profits rise 14%

American Banker - Investment Banking

Goldman's two main businesses — global banking and markets, and asset and wealth management — both recorded year-over-year increases in revenues during the second quarter. "We are pleased with our solid second quarter results," CEO David Solomon said Monday in a press release.

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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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Credit Conditions | June 2024

JD Supra: Mergers

Welcome to this edition of Credit Conditions, a quarterly publication from McDermott Will & Emery that analyzes recent debt market trends. Key Debt Market Trends - Interest Rates - “Start your engines” has shifted to “hold your horses” as rates continue to remain “higher for longer.” Expectations have now shifted from March’s three rate cuts starting in June 2024 to only one rate cut in 2024 between September and December.

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China’s biggest policy meeting in six years kicks off this week. How investors can play it

CNBC: Investing

"We expect the upcoming Third Plenum to focus on several areas that are crucial to China's long-term economic path," Bank of America economists said.

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British chipmaker Graphcore bought by Japan’s SoftBank

The Guardian: Mergers & Acquisitions

Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023 Graphcore, a British chipmaker once seen as a potential competitor to Nvidia, has been bought by Japan’s SoftBank in a deal that secures the company’s future. The Bristol-based startup’s products are focused on artificial intelligence and it has been acquired by the powerful Japanese tech investor for an undisclosed sum.

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