Wed.Jul 05, 2023

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RWI: 2023 Guide to Rep & Warranty Insurance

Deal Lawyers

Woodruff Sawyer recently published its 2023 Guide to Representations & Warranties Insurance, which provides an overview of current market conditions, policy terms and considerations for potential purchasers of RWI. In light of commentary suggesting a tightening claims environment, I thought what the report had to say on claims was pretty interesting.

Insurance 140
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The 'New' M&A Broker-Dealer Exemption

JD Supra: Mergers

The bane of every start-up company is the never-ending quest to raise capital for its operations. Newly (and not so new) formed companies seemingly would do anything to raise funds. Over the course of many decades, these entities and those who operate them have employed numerous individuals to find them money. Now, however, Congress has made it more difficult to use these companies and individuals while seeking such capital.’.

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Bye-Bye Blasius: Del. Sup. Ct. Affirms Chancery Decision on Dilutive Share Issuance

Deal Lawyers

Last week, in Coster v. UIP Companies, (Del.; 6/23), the Delaware Supreme Court affirmed Chancellor McCormick’s earlier decision holding that the company’s board had a “compelling justification” for authorizing a dilutive share issuance to resolve a stockholder deadlock. The decision marks the lawsuit’s second trip to Delaware’s highest court.

Shares 124
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Réforme des opérations transfrontalières en France

JD Supra: Mergers

Harmonisation du cadre juridique des opérations transfrontalières (fusions, scissions, apports partiels d'actifs, transformations) au sein de l'Union européenne. Renforcement de la protection des associés, créanciers et salariés des entités françaises concernées.

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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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AllianceBernstein becomes latest buy-side to set up shop in the Dubai International Financial Centre

The TRADE

AllianceBernstein (AB) has expanded its presence in the Middle East with a new office in Dubai International Financial Centre (DIFC), becoming the latest in a string of global asset management firms to set up shop in the region. The move comes as part of AB’s strategic plan to strengthen its presence in the Middle East. AB has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in the DIFC.

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SPAC Redemptions

JD Supra: Mergers

Our Federal Tax Group digs into IRS Notice 2023-2 guidance on when SPAC redemptions of stock are subject to the new 1% excise tax.

Stock 130

More Trending

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Doing Business in Israel: Aspects of Antitrust and Competition Laws during Mergers and Acquisitions

JD Supra: Mergers

Any foreign company considering a merger with an Israeli company (or with an international company related to an Israeli company) should familiarize itself with various aspects of the laws governing mergers in Israel. These aspects include the Israel Competition Authority Director General’s broad interpretation of the definitions “presence in Israel” and “merger of companies”; the threshold criteria for reporting a merger (some of which are relatively unique and may also encompass small.

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Netflix hits highest level in 17 months. Here's what the pros are saying

CNBC: Investing

Pros on CNBC discussed Netflix after the stock reached its highest level since February 2022 following an upgrade from Goldman Sachs.

Stock 98
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European Competition Law Newsletter – July 2023

JD Supra: Mergers

European Commission Adopts New Rules on Horizontal Agreements in the EU - On 1 June 2023, the European Commission adopted important new rules concerning the treatment under EU competition law of horizontal cooperation agreements that impact the EU. Horizontal cooperation agreements are agreements between actual or potential competitors dealing with a commercial relationship between them concerning products, services or technologies.

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These are the best stocks to own in the second half, according to Rosenblatt Securities

CNBC: Investing

Watch these stocks that are set for gains in the second half of the year, according to Rosenblatt Securities.

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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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FTC and DOJ Propose More Demanding and Lengthy HSR Filing Process

JD Supra: Mergers

The agencies’ proposed rulemaking would add significant complexity, substance, and time to US antitrust premerger notifications. On June 27, 2023, the Federal Trade Commission (FTC) in collaboration with the US Department of Justice (DOJ) announced a Notice of Proposed Rulemaking consisting of dozens of amendments to the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the Act or HSR) as well as to the HSR filing instructions.

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A.I. offers 'magic elixir' for a slowing economy, says Raymond James. The best ways to play it

CNBC: Investing

Artificial intelligence may be the answer to a slowing economy, according to Raymond James.

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Reform of Cross-Border Operations in France

JD Supra: Mergers

Harmonization of the legal framework for cross-border operations (mergers, spin-offs, partial contributions of assets, transformations) within the European Union. Strengthening the protection of shareholders, creditors, and employees of the concerned French entities.

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Goldman upgrades Netflix as streaming giant regains momentum in content creation

CNBC: Investing

The bank upgraded shares to neutral from buy. It also raised its price target to $400 from $230, which implies more than 9% downside from Monday's close.

Shares 98
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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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FTC Proposes Sweeping Changes to HSR Rules That Could Substantially Increase Burden, Time to Prepare Filings

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (FTC) announced a proposal for a radical overhaul to the Hart-Scott-Rodino (HSR) premerger notification program that, if adopted, would dramatically increase costs, burden and the time required to prepare filings for transactions that must be notified to the government. Under the HSR Act, parties to transactions are required to notify the FTC and the Department of Justice (DOJ) of most transactions valued above the size-of-transaction threshold –.

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How Inflation and Interest Rates Vary Around the World

The New York Times: Banking

Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control.

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Delaware Supreme Court Upholds Tesla's 2016 Acquisition of SolarCity Under Entire Fairness Test

JD Supra: Mergers

On June 6, 2023, in a unanimous decision written by Justice Karen L. Valihura, the Delaware Supreme Court affirmed the Court of Chancery’s April 27, 2022, opinion in In re Tesla Motors, Inc. Stockholder Litigation.

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Insurers look to ease UN climate alliance rules after member exodus – sources

Global Banking & Finance

Insurers look to ease UN climate alliance rules after member exodus – sources By Tommy Wilkes LONDON (Reuters) -The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership requirements, after a recent exodus of members, according to two people familiar with the discussions.

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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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These energy investments spin out attractive income, even as oil prices have fallen

CNBC: Investing

Energy has fallen from its 2022 superstar status, but income-focused investors may still find some opportunities in the space.

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Biggest Entertainers Trust Rock Lititz: They Trust Cisco

Cisco: M&A

Hidden where you would least expect it in Amish country, Pennsylvania, Rock Lititz 108-acre campus provides an ideal environment for the biggest names in live music to develop and perfect their live… Read more on Cisco Blogs

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Citi says this offshore drilling stock can soar more than 35%

CNBC: Investing

Citi upgraded Transocean shares to buy from neutral, citing its favorable position geographically and in terms of rig reactivation.

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5 firms that have secured seed funding this year

Growth Business

By Kirstie McDermott on Growth Business - Your gateway to entrepreneurial success The most recent Global Startup Ecosystem Index from StartupBlink reports a downturn in start-up investment around the world, thanks to factors such as rising inflation, increasing interest rates, banking sector instabilities and unstable geopolitics. “High interest rates have ended the era of cheap money, slashing valuations and forcing start-ups to focus on what really matters: profitability and sustainable

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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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Piper Sandler says Coinbase can fall 25% as regulatory uncertainty looms

CNBC: Investing

Piper Sandler downgraded Coinbase shares to neutral from overweight, citing too much uncertainty around the company following its recent lawsuit from the SEC.

Shares 98
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ERP Success Partners Acquires Createch’s NetSuite ERP Practice

Global Newswire by Notified: M&A

ERP Success Partners is widening its geographical footprint by acquiring Createch’s NetSuite business in Montreal ERP Success Partners is widening its geographical footprint by acquiring Createch’s NetSuite business in Montreal

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Jefferies says this car rental player’s shares could pop 30% thanks to stronger margins

CNBC: Investing

Analyst Stephanie Moore initiated coverage on Hertz with a buy rating.

Shares 98
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Gender equality and women’s economic empowerment - Overview 2023

European Investment Bank

This publication gives an overview of the European Investment Bank’s support for gender equality and women’s economic empowerment. It details the Bank’s activities in the sector and highlights key projects. The stories, videos and case studies, illustrate how the Bank’s financing and advice help countries, regions and cities.

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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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Sovereign wealth fund Mubadala invests in KKR-backed CoolIT Systems

PE Hub

Earlier this year, US private equity firm KKR announced an agreement to acquire CoolIT Systems. The post Sovereign wealth fund Mubadala invests in KKR-backed CoolIT Systems appeared first on PE Hub.

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Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

Global Newswire by Notified: M&A

BROOKFIELD, NEWS, July 05, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion.

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Greenbriar buys parking and hospitality solutions provider Towne Park

PE Hub

The seller was TA Associates. The post Greenbriar buys parking and hospitality solutions provider Towne Park appeared first on PE Hub.

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Wesana Health Announces Closing of Previously Announced SANA-013 Asset Sale

Global Newswire by Notified: M&A

CHICAGO and TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- Wesana Health Holdings Inc. (“ Wesana ” or the “ Company ”) ( CSE:WESA; OTCQB:WSNAF ), today announced the successful closing of the sale by Wesana Health Inc. (“WHI”), a subsidiary of the Company, of WHI’s right and interest in the SANA-013 intellectual property and development related assets (the “ Transaction ”) pursuant to the terms of the asset purchase agreement with Lucy Scientific Discovery Inc. ( NASDAQ:LSDI ) (“ Lucy ”) dated Marc

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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?