Wed.Nov 22, 2023

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Financial Sanctions—Ten Key Due Diligence Principles

JD Supra: Mergers

This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus of this second part is on due diligence.

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Amending the DGCL to Authorize ConEd Clauses?

Deal Lawyers

We’ve previously blogged about the DE Court of Chancery’s opinion in Crispo v. Musk (Del. Ch.; 10/23) stating that existing approaches to so-called “ConEd language” — each of which attempts to give a target the right to seek expectancy damages on behalf of their stockholders — may not be enforceable.

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Recent FTC Merger Settlement Signals Increased Antitrust Agency Concerns about Coordination from Competitor Entanglements

JD Supra: Mergers

Key Takeaways - An FTC merger settlement in the $5.2 billion transaction between EQT and Quantum, two producers of natural gas in the Appalachian Basin, signals the antitrust agencies’ new approach to analyzing the potential for coordination by examining touchpoints between merging parties and competitors.

Mergers 170
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Jefferies to launch new multi-asset trading platform

The TRADE

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The aim of the platform is to streamline multi-asset trading, reducing the number of accounts and apps used across asset classes by “providing clients with an intuitive and advanced platform with a superior trading experience across each of the tradable markets, all from one portal that can be accessed via a mobile app and web platforms”.

Trading 117
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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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Blakes Competitive Edge™: November 2023 Update

JD Supra: Mergers

Welcome to the November issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

More Trending

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New Fast-Track Liquidation Procedures in the Netherlands

JD Supra: Mergers

The Background: On November 15, 2023, the Temporary Fast-Track Liquidation Transparency Act (Tijdelijke Wet Transparantie Turboliquidatie) (the "Act") came into force in the Netherlands, temporarily changing certain statutory provisions in the Dutch Civil Code (Burgerlijk Wetboek), the Dutch Bankruptcy Act (Faillissementswet), and the Dutch Economic Offenses Act (Wet op de economische delicten).

Economics 165
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Here are the stocks — led by Microsoft — that matter most to hedge fund managers

CNBC: Investing

For investors seeking to follow the smart money, here are the stocks that mattered the most to these hedge fund managers.

Funds 138
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SimCorp launches real-time performance solution through new Investment Analytics Platform

The TRADE

SimCorp has introduced a new cloud-native performance attribution solution as part of the inaugural offering from its new Investment Analytics Platform. The solution was developed to meet increasing demand for accurate performance analytics and offers investors the ability to calculate performance attribution in real-time. “In today’s complex and fast-paced investment landscape, real-time performance attribution can provide transparency and clarity regarding the drivers of financial

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the

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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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LMAX Group given green light for NDF trading in both Singapore and London

The TRADE

LMAX Exchange Singapore – LMAX Group’s subsidiary – has received regulatory approval to offer Non-Deliverable Forward (NDF) trading in both Singapore and London. The approval came from the Monetary Authority of Singapore (MAS) which granted the exchange a recognised market operator (RMO) licence. Through this move and the launch of NDFs, LMAX clients will be able to hedge their FX exposure against non-convertible currencies on a central limit order book (CLOB).

Trading 104
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Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings

CNBC: Investing

Some investment banks see the AI chipmaker's shares climbing as high as $700.

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Cisco Learners: What’s in store for Cyber Monday 2023

Cisco: M&A

Each year, Cyber Monday has this amazing ability to sneak up on us. I’m willing to bet that I’m not the only one in the U.S. with that lingering summer-just-ended feeling.

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This tech stock may have disconnected from fundamentals on AI hype. How to bet against it

CNBC: Investing

Once a darling of the tech world, Dell stock is up nearly 120% in just over a year.

Stock 138
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Wells Fargo invests in Black businesses, American Express promotes small businesses

American Banker - Investment Banking

Wells Fargo makes a $1.5 million investment in Black entrepreneurship; America Express promotes small businesses through augmented reality; shareholders approve the Banc of California-PacWest merger; and more in the weekly banking news roundup.

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Want to pick a winning retail stock this holiday season? Watch for discounts and deflation

CNBC: Investing

Shoppers are worn down by inflation, but investors are wary of retailers that could get whacked by falling prices.

Retail 111
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KKR-backed FGS bags Longview Communications and Public Affairs

PE Hub

Longview is a Vancouver-based communications and public affairs advisory company. The post KKR-backed FGS bags Longview Communications and Public Affairs appeared first on PE Hub.

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FLJ Group Limited Entered into a Definitive Agreement to Acquire Alpha Mind Technology Limited

Global Newswire by Notified: M&A

SHANGHAI, China, Nov. 22, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (“FLJ” or the “Company”), today entered into an equity acquisition agreement (the “Equity Acquisition Agreement”) with Alpha Mind Technology Limited (the “Target Company” or “Alpha Mind”) and the Target Company’s shareholders (the “Sellers”) to acquire all the issued and outstanding shares in the Target Company for an aggregate purchase price of US$180,000,000 or RMB equivalent (the “Acquisition”).

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Capital Power to buy two US gas plants, partners with BlackRock

PE Hub

The net purchase price of the acquisitions is expected to be $1.1 billion (C$1.5 billion). The post Capital Power to buy two US gas plants, partners with BlackRock appeared first on PE Hub.

Capital 77
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Investors can get a 5.6% yield with this 'first-rate' ultrashort bond ETF

CNBC: Investing

Pimco's ultrashort bond ETF has an average duration of less than a year.

Investors 112
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Copenhagen Infrastructure Partners unveils renewables platform Horizon

PE Hub

Based in Calgary, Horizon New Energy will be a power producer that owns both operational projects and a growing pipeline of projects under construction and in development. The post Copenhagen Infrastructure Partners unveils renewables platform Horizon appeared first on PE Hub.

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The turkey trade: These stocks have a history of doing well after Thanksgiving

CNBC: Investing

CNBC Pro screened for stocks that could rise following the Thanksgiving holiday.

Stock 109
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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OpenGate Capital to acquire Cineplex’s amusement services biz

PE Hub

Player One Amusement Group serves around 2,400 customer locations and manages more than 20,000 equipment assets across North America. The post OpenGate Capital to acquire Cineplex’s amusement services biz appeared first on PE Hub.

Capital 75
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Establishing and Keeping the Trust: The Cisco Duo Managed Services Story

Cisco: M&A

You’re about to close your day when you receive a call from your customer asking for an urgent meeting tomorrow.

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Global IoT Platform Market Size to Reach USD 36.01 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research & Development (R&D) activities related to Internet of Things (IoT) are key factors driving market revenue growth Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research & Development (R&D) activities related to Internet of Things (IoT) ar

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Bytes of Delight: Snacking on Snack Minutes Videos

Cisco: M&A

Back in 2007, after months of intensive studying, I passed my first Cisco certification exam: the CCNA.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions

PE Hub

Authentic Restaurant Brands, in October, added-on Fiesta Restaurant Group for $225 million. The post Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions appeared first on PE Hub.

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Form 8.5 (EPT/RI) - AMENDMENT - Velocys Plc.

Global Newswire by Notified: M&A

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule.

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Nomura names new global head of FX options trading

The TRADE

Ruchir Sharma has been appointed global head of foreign exchange option trading at Nomura following a stint at Deutsche Bank where he served as co-head of APAC global foreign exchange. Sharma takes over with immediate effect and will be based in London. He will report to Kevin Connors, co-head of global FX and emerging markets and is set to leverage his two decades of experience in FX markets.

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