Fri.Dec 06, 2024

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Remedies: Del. Chancery Imposes Constructive Trust Hitting PE Funds Right in the Wallet

Deal Lawyers

Earlier this week, the Chancery Court issued its decision in Enhabit, Inc. v. Nautic Partners IX, L.P. (Del. Ch.; 12/24), a case involving breach of fiduciary duty and aiding and abetting claims arising out of a former executive of Encompass Health’s usurpation of corporate acquisition opportunities.

Funds 113
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Cash App Wades Into the Exclusive World of Presale Concert Tickets

The New York Times: Banking

Legacy credit cards and banks arent the only banking options to come with perks for premium access to events anymore.

Bank 100
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Guardian Confirms Sale of The Observer to Tortoise Media

The New York Times: Mergers, Acquisitions and Dive

The Guardian Media Group said it had struck a deal to sell The Observer to Tortoise Media, shortly after a 48-hour strike by journalists had ended.

Media 97
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Oil prices fall on supply glut fears despite OPEC+ output cut extension

Global Banking & Finance

By Laila Kearney NEW YORK (Reuters) -Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled at $71.

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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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Osisko Metals Acquires Additional Claims Near Gaspé Copper

Global Newswire by Notified: M&A

Osisko Metals Incorporated is pleased to announce the acquisition of a group of a group of 199 claims adjacent to its Gaspé Copper Project.

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Banco BPM poised to name Citi, Lazard to advise on UniCredit defence, sources say

Global Banking & Finance

MILAN (Reuters) -Italian bank Banco BPM is preparing to hire Citigroup and Lazard to advise over how to confront a takeover bid by rival UniCredit which has thwarted its growth strategy, three people close to the matter said. Banco BPM, Citi and Lazard all declined to comment. Banco BPM has rebuffed UniCredit’s 10.

Bank 52

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Factbox-What’s in the newly finalised EU-Mercosur trade accord?

Global Banking & Finance

MONTEVIDEO (Reuters) – The European Union and the South American bloc Mercosur of Argentina, Brazil, Paraguay and Uruguay finalised a free trade agreement on Friday, although it faces a tough battle to secure approval by the 27 EU member states.

Trading 52
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Tribunal Brasileño Confirma la Obligación de Tenaris de Pagar una Indemnización en relación con su Adquisición de 2012 de una Participación en Usiminas; la Decisión está sujeta a Nuevas Apelaciones

Global Newswire by Notified: M&A

LUXEMBURGO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE y Mxico: TS y EXM Italia: TEN) anunci que el Superior Tribunal de Justicia de Brasil (STJ) public hoy su decisin unnime de rechazar el recurso de aclaratoria presentado por su subsidiaria Confab Industrial S.A., junto con las subsidiarias de Ternium Ternium Investments y Ternium Argentina (todas las cuales componen el Grupo T/T bajo el acuerdo de accionistas de Usiminas), la cual procuraba revertir la decisin del STJ del 18 de juni

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Exclusive-WhatsApp use by Credit Suisse staff scrutinised by UK regulator, documents show

Global Banking & Finance

By Stefania Spezzati LONDON (Reuters) – The UK’s Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show.

Shares 52
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Middlefield Global Real Asset Fund Completes Merger Into Real Estate Split Corp.

Global Newswire by Notified: M&A

TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Real Estate Split Corp. (Real Estate Split) (TSX: RS, TSX: RS.PR.A) is pleased to announce the successful completion of the previously announced merger with Middlefield Global Real Asset Fund (Real Asset) (TSX: RA.UN), resulting in Real Estate Split being the continuing fund. Each Real Asset unit has been automatically exchanged into 0.36409573 units of Real Estate Split (each Unit comprised of one Preferred Share and one Class A Share of Real Estate Sp

Mergers 40
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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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UK employers cut growth forecasts as tax hikes weigh on economy

Global Banking & Finance

By William Schomberg LONDON (Reuters) – One of Britain’s leading employers’ groups on Friday cut its estimate for economic growth next year due to measures in the new government’s first budget, striking a gloomier note than other recent forecasts. Growth in 2025 is now seen at 1.

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Form 8.3 - Learning Technologies Group Plc

Global Newswire by Notified: M&A

8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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Athletics-Unselfish act earns Norwegian decathlete Skotheim international award

Global Banking & Finance

(Reuters) – Norwegian decathlete Sander Skotheim has been given the International Fair Play Award by World Athletics, for the unselfish support he showed to teammate and gold medallist Markus Rooth at the Paris Olympics.

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Form 8.3 - Volex Plc

Global Newswire by Notified: M&A

8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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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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Britain’s Frasers launches bid for Norway’s XXL

Global Banking & Finance

LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid for Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 Norwegian crowns ($0.

Retail 52
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Davidson Kempner Capital Management LP : Form 8.3 - International Paper Company

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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After Yoon’s martial law order, South Korean protester recalls strongman military rule

Global Banking & Finance

By Sebin Choi and Eduardo Baptista SEOUL (Reuters) – When President Yoon Suk Yeol declared martial law, for the first time in South Korea since 1980, 70-year-old Lee Chul-Woo was reminded of his youth, much of it spent protesting right-wing military strongman rule.

IT 52
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Form 8.3 - Warpaint London Plc

Global Newswire by Notified: M&A

8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of 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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Novo Banco shareholders agree to unblock dividends, pave way for sale

Global Banking & Finance

LISBON (Reuters) – The three owners of Portugal’s fourth-largest bank Novo Banco have agreed to lift a ban on dividend payouts, paving the way for its potential sale or an initial public offering in 2025, the finance minister was quoted as saying on Friday.

Sale 52
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Man Group PLC : Form 8.3 - Direct Line Insurance Group plc

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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EU and South America strike trade deal set to hit pushback in Europe

Global Banking & Finance

By Lucinda Elliott, Lisandra Paraguassu and Philip Blenkinsop MONTEVIDEO/BRUSSELS (Reuters) -The European Union and South America’s Mercosur bloc struck an agreement on a long-delayed free trade deal on Friday, which now, however, faces a tortuous battle for approval in Europe, where there is stiff opposition from France.

Trading 52
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Man Group PLC : Form 8.3 - Aviva plc

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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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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Soccer-Just scoring goals not enough for Chelsea, says Maresca

Global Banking & Finance

(Reuters) – Chelsea are scoring goals for fun but still have many areas to work on if they hope to match up to the likes of Manchester City, Arsenal and Liverpool, manager Enzo Maresca said on Friday ahead of a Premier League meeting with Tottenham Hotspur.

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MarketAxess expands pricing engine to cover municipal bonds

The TRADE

MarketAxess AI-powered, algorithmic pricing engine for global credit and rates markets, CP+, will now cover municipal bonds. By leveraging proprietary data from the MarketAxess trading platform, TraX market data, and public sources such as TRACE, CP+ claims to go beyond traditional fixed income pricing sources to deliver value across the investment lifecycle.

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Analysis-Gas price shock set to add to Europe’s industrial pain

Global Banking & Finance

By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms.

Stock 52
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Fireside Friday with… Deutsche Börse’s Maximilian Trossbach

The TRADE

Tell us more about Deutsche Brses new dark trading offering coming next week. Were very much looking forward to our launch on Monday (9 December) and are definitely optimistic. We have a good mix of clients both international and German who are ready to start from day one. Once we got approval from regulators on 28 November who of course look into every detail which takes time when it comes to Q&As etc.

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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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UK investor Covalis, France’s Suez team up for Thames Water bid

Global Banking & Finance

LONDON (Reuters) -Britain’s Thames Water has received a joint bid from Covalis Capital and France’s Suez Group as it seeks more than 3 billion pounds ($3.8 billion) of new equity, in the latest part of a rescue aimed at preventing its collapse.

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Navigating MSP M&A: Capital, Growth, & Strategies for Success in a Shifting Market

Focus Investment Banking

In this episode of the Business of Tech, host Dave Sobel talks to FOCUS Managing Director, Abraham Garver to discuss the current state of the mergers and acquisitions (M&A) market for Managed Service Providers (MSPs). Watch Video The post Navigating MSP M&A: Capital, Growth, & Strategies for Success in a Shifting Market appeared first on FOCUS.

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Aviva set to buy Direct Line to create $21 billion British insurer

Global Banking & Finance

By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer.

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ForzaDash/MSP Influencer 2024 Channel Leaders: Abraham Garver

Focus Investment Banking

Abraham Garver, FOCUS Managing Director, is a trailblazer in the MSP industry, known for his expertise in mergers and acquisitions. Abraham has successfully advised on numerous high-impact transactions, including the creation of new platforms for private equity sponsors. He has guided MSPs through both the buy- and sell-side of deals, positioning companies like TechMD, General Informatics, and CyberSheath for future growth.

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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?