Mon.Jun 12, 2023

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Insights: The Delaware Edition - June 2023

JD Supra: Mergers

In a case of first impression, the Court of Chancery held recently that officers, like directors, owe their companies a duty of oversight, although the scope of that will vary with their responsibilities. Two other Chancery rulings involved transactions where a founder played a role in the deal and subsequent litigation.

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How to Land a Private Equity Internship: Tips and Strategies

OfficeHours

Working in private equity is highly attractive for many reasons, and many finance professionals who are not already in the field often look for ways to break in. One of the primary ways to do so is by landing an internship at a private equity firm you might want to work at. Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management.

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Greetings from the American Bar Association’s 2023 LLC Institute

JD Supra: Mergers

Over its three-decade rise to the closely-held business entity of choice, the Limited Liability Company has won a special place in our hearts. The majority of disputes we litigate and blog about concern ownership of or governance in an LLC. So as Business Divorce lawyers and bloggers, we are duty-bound to stay abreast of changes and trends in the LLC legal landscape.

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13 Concepts We Can Learn About Due Diligence From How2Exit's Interview W/ Ahmed Raza

How2Exit

13 Concepts We Can Learn About Due Diligence From How2Exit's Interview W/ Ahmed Raza - Watch Here Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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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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PGA Tour, DP World Tour, and Public Investment Fund Announce Partnership

JD Supra: Mergers

On Tuesday June 6, 2023, the PGA Tour, DP World Tour, and the Public Investment Fund (PIF) announced an agreement to combine PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial business assets and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity.

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Golden Globes Are Sold and Hollywood Foreign Press Is No More

The New York Times: Mergers, Acquisitions and Dive

After a series of ethics, finance and diversity scandals, the embattled awards show will continue but the group that was behind it for decades will not.

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More Trending

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Tesla rises for a record 12th straight day. Here's how to play the stock

CNBC: Investing

Pros on CNBC discussed what they think about Tesla as the stock hits a record 12th-straight day of gains.

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New Requirements for Healthcare Entity Transactions Signed into Law in New York State Budget

JD Supra: Mergers

New York recently joined a growing number of states enacting legislation that increases oversight of certain healthcare transactions. Article 45-A of the 2024 Executive Budget is titled "Disclosure of Material Transactions" and requires notice to the New York State Department of Health (DOH), both prior to and post-closing of a material health care transaction.

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The S&P 500 could pop after Tuesday’s consumer price index report, JPMorgan’s trading desk says

CNBC: Investing

It's a big week on Wall Street that could set the tone for the second half of the year.

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Antitrust Implications Loom Large in PGA Tour-LIV Golf Merger

JD Supra: Mergers

In August, we wrote about whether antitrust liability might be in the PGA Tour’s future through a reported DOJ Antitrust Division investigation about the PGA Tour’s actions relating to LIV Golf and about PGA Tour bylaws governing players’ participation in other golf events. Now, the same speculation exists around the surprise announced combination of the PGA Tour and LIV Golf, two leagues that were just making headlines as market competitors engaged in an intense legal dispute.

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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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JPMorgan upgrades Carnival as momentum for the cruise industry grows

CNBC: Investing

Carnival's post-pandemic recovery is not just a short-term boom, but an indication of more sustainable business strength, says JPMorgan.

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Too Big to Waive? Enforceability of Drag-Along Covenants Not-to-Sue

JD Supra: Mergers

In the world of venture capital, there are certain investor rights that ensure the smooth execution of exit transactions. The primary such mechanism is the drag-along provision, under which one group of stockholders agrees in advance to sell or vote their shares in a sale of the company approved by another group of stockholders and/or by the board.

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Amazon shares can rally nearly 25% as retail margins improve, Bank of America says

CNBC: Investing

The bank hiked its price target on Amazon shares to $154 from $139, citing an improving outlook on retail margins.

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Digital lenders' disbursement grows 2.5 times to Rs 92,848 crore in FY23

Business Standard - FInance

Growth in disbursement value improved though the pace slowed in the second half of FY23, says industry group

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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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This underappreciated cybersecurity stock could rally more than 35%, Morgan Stanley says

CNBC: Investing

Despite recent execution blunders, Morgan Stanley believes SentinelOne shares are now mispriced by Wall Street.

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Why are airfares in India soaring and is there a way to beat it?

Business Standard - FInance

Airlines look at affordability, demand, availability and lots of other factors when pricing their flights

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This regional bank can benefit from the online betting boom, JPMorgan says

CNBC: Investing

MVB Financial is building a "moat" as the bank of choice for online betting firms, according to JPMorgan.

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Senate Opens Inquiry Into PGA Tour Deal with Saudi-Funded LIV Golf

The New York Times: Mergers, Acquisitions and Dive

The PGA Tour and LIV have been asked to provide documents and communications tied to the agreement announced last week.

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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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The history of cyclical bull markets suggests the S&P 500 could rise to 4,900 by next summer

CNBC: Investing

Investors piled into the benchmark after its climb above 4,200 set off what Bank of America called a "FOMO (fear of missing out) rally.

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'Nabard plans to raise at least 20 bln rupees via over 3-yr bonds'

Business Standard - FInance

In May, Nabard raised 49.29 billion rupees via bonds maturing in three years, three months and 19 days at a 7.

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This software stock can pop nearly 20% thanks to its early-mover advantage in A.I., Wolfe Research says

CNBC: Investing

Analyst Alex Zukin raised his rating on shares to outperform from peer perform.

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Coming soon: A standards-based approach to zero trust access

Cisco: M&A

Zero trust is gaining ground across the industry and prompting a wave of new offerings and proprietary technology.

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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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UBS downgrades Apple, says it sees weaker demand ahead for iPhones

CNBC: Investing

With Apple shares trading at premium to the market, UBS says the risk/reward is unfavorable.

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HDFC to raise Rs 10,000 cr via non-convertible debentures, tenure of 10 yrs

Business Standard - FInance

Mortgage lender HDFC on Monday said it will raise Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis to shore up its resources. These unsecured NCDs have a tenure of 10 years, and the coupon rate will be decided on the electronic bidding platform, HDFC said in a regulatory filing. The object of the issue is to augment the long-term resources of the corporation, it said.

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Here are Monday's biggest analyst calls: Oracle, Tesla, McDonald's, Amazon, Nio, Carnival, AMD and more

CNBC: Investing

Here are Monday's biggest calls on Wall Street.

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FinMin to meet Moody's on June 16, pitch for sovereign rating upgrade

Business Standard - FInance

The Finance Ministry officials will showcase India's strong economic fundamentals and pitch for a sovereign rating upgrade in a meeting with US-based Moody's on June 16. Moody's Investors Service has a 'Baa3' sovereign credit rating on India, with a stable outlook. 'Baa3' is the lowest investment grade rating. Economic Affairs Secretary Ajay Seth, Chief Economic Advisor V Anantha Nageswaran and other senior officials from key ministries would talk about the ongoing economic reforms, government t

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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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Keep an eye on 'the sleeping electric vehicle giant of China,' Evercore ISI says

CNBC: Investing

BYD is the "Tesla of China," according to Evercore ISI, which says the China-based electric vehicle maker is a must-know for investors bullish on the sector.

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Be Confident, Be Bold and Be Fearless with Cisco Secure Endpoint

Cisco: M&A

As the world shifts to a hybrid work model, with employees working from home, remote locations, or the office, organizations face new challenges in enabling these ways of work while securing their… Read more on Cisco Blogs

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Goldman says buying these catch-up candidates is the best way to play its brighter market outlook

CNBC: Investing

Goldman Sachs lifted its year-end target on the S&P 500, and sees market laggards catching up with this year's leaders.

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HSBC announces SVB UK acquisition rebrand ‘Innovation Banking

Growth Business

By Aaron Hurst on Growth Business - Your gateway to entrepreneurial success Following its £1 acquisition of stricken Silicon Valley Bank (SVB) UK back in March , HSBC aims to scale its fintech capabilities globally, as well as attract tech and life sciences firms and their stakeholders. The new HSBC Innovation Banking subsidiary is set to serve as a banking hub for start-ups, more established tech companies, and investors, with its 3,000 customer-strong presence in the UK being a starting poi

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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?