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SPAC (Re-)Attack: Top Considerations for Issuers Considering a De-SPAC Transaction

JD Supra: Mergers

Continued volatility in the equity capital markets has revived what was thought to be a zombie after 2022 – the SPAC. There is an old investment banking mantra that they can do an IPO in a down market or an up market, but not a volatile market.

IPO
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Sudden breach of a contract and liability: key takeaways from the Altarea’s court decision (TAE Feb. 4, 2025, no. J2024000206)

JD Supra: Mergers

Back in March 2022, the shareholders of Primonial (the Sellers), who have retained their shares, summoned the Altarea group (the Purchaser) before the Paris Commercial Court to claim a total sum of around 1.1 billion euros for breach of a sale agreement signed in July 2021.

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Investing Principles: Lessons Learned from 20 Years of Wins, Losses, and Strikeouts

Mergers and Inquisitions

On the other hand, timing the market would not have worked well during 2022 because that was a gradual decline rather than a crash triggered by one specific catalyst. The S&P fell close to 20% in 2022, but my options had much lower exercise prices based on mid-2020 levels, so they expired worthless in Dec 2022.

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SPACs are Back (on the Table) at Goldman

Deal Lawyers

After being the second-largest underwriter of SPAC IPOs in 2021, the firm made the decision in 2022 not to work with SPACs anymore — through a self-imposed ban on underwriting SPAC IPOs or working on de-SPAC transactions — apparently deeming it too […] ICYMI, last week, Bloomberg reported that Goldman is back in the SPAC market.

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People Moves Monday: JP Morgan, Susquehanna, Canaccord Genuity, and more… 

The TRADE

He joins from HSBC, where he served as an equity sales trader in London for almost two years.    Prior to this, he worked at Bell Potter Securities for more than seven years, where he covered institutional equity sales from May 2022 to October 2023.

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These stocks could see strong gains around their analyst days, Goldman says

CNBC: Investing

Buying calls 5 days before the analyst day and selling 1 day after has resulted in +18% return on premium on average and was profitable each year except 2008 and 2022 when macro moves overwhelmed the short-term alpha of the strategy," the note said.

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Redburn Atlantic execution teams undergo redraft with four additions and three departures

The TRADE

Murden previously served at Redburn between 2004 to 2022 before leaving to join RBC. Prior to Panmure Gordon, McCormack has also previously served at RBS, ABN AMRO, Shore Capital, HSBC Securities and GNI. Pete Murden is also set to re-join the firm in July from Tourmaline. Reto has a superb reputation with the Swiss clients and beyond.