Fri.Sep 08, 2023

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What the Show Succession Teaches Us About Planning for a Family Business

JD Supra: Mergers

“I love you, but you are not serious people.” This is the curse that Logan Roy, the founder and business titan of Waystar RoyCo, intones to his three stunned children during a poignant family moment. The three siblings (Kendall, Siobhan and Roman) vie for control of Dad’s media empire, and are monsters to each other. Yet, despite the hyperboles and cartoonish nature of the characters, the show reveals essential truths about succession planning for family businesses.

Business 289
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Cannabis ETFs are catching fire in September

CNBC: Investing

Funds that track marijuana stocks are among the best performing exchange-traded funds so far in September.

Funds 140
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Acquiring or Investing in EU Crypto-Asset Businesses: MiCA’s Impact

JD Supra: Mergers

As noted in our previous alerts “Marketing Crypto-Assets in and Into Europe: MiCA, the EU’s New Uniform Crypto Code” and “Doing Crypto Business in Europe: MiCA, the EU’s New Uniform Crypto Code – Part 2”, the European Union (EU) Markets in Crypto-Assets Regulation (MiCA) was published in the Official Journal of the European Union on 9 June 2023.

Business 223
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JPMorgan trims Apple share price target ahead of iPhone 15 launch

CNBC: Investing

Analyst Samik Chatterjee maintained his overweight rating on the stock, but lowered his price target to $230.

Shares 135
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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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FTC is Mortgage Technology Industry’s White Knight in Antitrust Settlement

JD Supra: Mergers

The FTC settled with Intercontinental Exchange, Inc. (ICE) and Black Knight, Inc. to resolve allegations that a proposed merger of the nation’s two largest providers of home mortgage loan origination systems (LOS) would create antitrust concerns.

Mergers 221
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A Sudden Bond Binge on Wall St. Reflects Rising Optimism

The New York Times: Banking

The rush by companies to borrow comes as fears of a potential recession recede and executives expect interest rates to remain high.

More Trending

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Deutsche Bank upgrades this solar stock poised to rally 30%

CNBC: Investing

Analyst Corinne Blanchard upgraded the solar panel maker to buy from hold. She also raised her price target to $235 from $220.

Bank 130
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Delving Deeper into the Patterns of Tech Due Diligence

Beyond M&A

In my conversations with industry peers like Neil, it became evident that a distinct pattern often emerges after conducting numerous tech due diligence projects. More often than not, our reports are dominated by amber and red flags, with very few areas marked in green. This recurring pattern can be disillusioning. Professionals in the tech sector strive for innovation and distinction.

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Gilead Sciences could jump nearly 30% as biopharma bounces back, says Bank of America

CNBC: Investing

Analyst Geoff Meacham upgraded Gilead to buy from neutral. He increased his target price for the stock by $7 to $95.

Banking 126
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Del. Chancery Declines to Award Specific Performance in DeSPAC Merger Fight

Deal Lawyers

Yesterday, in 26 Capital Acquisition Corp., et. al. v. Tiger Resort, (Del. Ch.; 9/23), Vice Chancellor Laster denied a SPAC buyer’s motion for a decree of specific performance compelling the target to use its reasonable best efforts to close a proposed deSPAC transaction.

Mergers 124
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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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Obesity drugs’ popularity put a dent in these stocks. Why analysts say they’re still worth buying

CNBC: Investing

The popularity of new diabetes and weight loss drugs have been bad news for diabetes device makers, but the news may not be all bad.

Stock 124
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Prop trading firms turn to Middle East as they consider leaving Europe in the wake of IFPR

The TRADE

Following a previous report which found a noteworthy percentage of firms were debating a potential move out of Europe due to a need to mitigate the impact of Mifid, a recent Acuiti report has found that the UAE comes out on top for firms considering alternatives. In May, the quarterly Acuiti Avelacom survey found that around 50% of prop trading firms were considering moving operations out of European markets due to complexity around the Investment Firms Prudential Regime (IFRD).

Trading 110
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This year’s hot yields could be 2024’s tax hit. Here’s how to prepare

CNBC: Investing

CDs, money market funds and a host of fixed income assets are touting higher yields, and the Tax Man will want a slice.

Funds 124
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The New Normal is Here with Secure Firewall 4200 Series and Threat Defense 7.4

Cisco: M&A

What Time Is It? It’s been a minute since my last update on our network security strategy , but we have been busy building some awesome capabilities to enable true new-normal firewalling.

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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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Goldman Sachs shares rise Friday as CEO addresses investor concerns. Here's what the pros say

CNBC: Investing

Pros on CNBC discussed Goldman Sachs after CEO David Solomon addressed investor concerns with the bank.

Investors 122
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Prepare for Managed Services Growth

Cisco: M&A

Capturing your share of the massive Managed Services Provider (MSP) market means making the most of every opportunity.

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D.A. Davidson says this cloud data provider is set to benefit in a big way from AI

CNBC: Investing

Analyst Gil Luria initiated the stock with a buy rating. His $200 price target suggests 25.1% upside from where shares closed Thursday.

Stock 122
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Dunes Point Capital acquires electrical products provider Warshaw Supply

PE Hub

Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC while Ridge Advisory served as financial advisor to Warshaw. The post Dunes Point Capital acquires electrical products provider Warshaw Supply appeared first on PE Hub.

Capital 88
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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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Beware of these stocks with low earnings quality that could blow up your portfolio

CNBC: Investing

Wolfe Research came up with its proprietary quarterly earnings quality score, which it said is an objective way to identify potential accounting-related risk.

Portfolio 122
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Clinical trial site network Tekton snags investment from Havencrest

PE Hub

Edgemont Partners served as financial advisor to Tekton on the deal while Lincoln International served as financial advisor to Havencrest. The post Clinical trial site network Tekton snags investment from Havencrest appeared first on PE Hub.

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Morgan Stanley updated its portfolio of top stock picks that trounced the market in the last year

CNBC: Investing

Morgan Stanley added a slew of tech behemoths to its latest top stock picks list.

Stock 119
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Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance

PE Hub

The initial equity investments will be $1 billion. The post Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance appeared first on PE Hub.

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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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Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest

CNBC: Investing

These stocks tied to sports betting have significant upside, according to Wall Street analysts.

Stock 119
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White Wolf-backed Seacoast Service Partners acquires plumbing services firm United Plumbing

PE Hub

SSP is an active acquirer of plumbing and HVAC businesses in the Southeastern U.S. The post White Wolf-backed Seacoast Service Partners acquires plumbing services firm United Plumbing appeared first on PE Hub.

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Fundstrat’s Tom Lee sees a buying opportunity in tech stocks as the Nasdaq faces a losing week

CNBC: Investing

The tech-heavy Nasdaq Composite is set to end the week lower.

Stock 116
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Activist Investing Today: Morrow’s Weinberg Tackles Retail Activism

The Deal

Corporate advisers for years have told companies to talk to their institutional investors and listen to their concerns outside of the busy proxy season in the spring. In that same vein, small and midsize companies with large retail shareholder bases should speak to their individual investors in a similar way, explains Geoff Weinberg, head of the retail shareholder advisory practice at Morrow Sodali Global LLC.

Retail 78
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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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Thoma Bravo’s $1.8bn NextGen take-private deal tops a busy week

PE Hub

Thoma Bravo is acquiring NextGen for $1.8 billion. The post Thoma Bravo’s $1.8bn NextGen take-private deal tops a busy week appeared first on PE Hub.

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Five Lower Middle Market M&A Trends In 2023

Benchmark International

The lower middle market is a highly dynamic and active segment of the M&A landscape, characterized by companies with enterprise values up to $100 million. In early 2023, several key trends appear to shape the lower middle market M & A landscape.

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Quad-C-backed Legacy Food Group acquires four foodservice distributors

PE Hub

Legacy Food Group is a new holding company created to acquire regional independent foodservice distributors that will become operating divisions of a new firm. The post Quad-C-backed Legacy Food Group acquires four foodservice distributors appeared first on PE Hub.

Food 77
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Berry Announces Health Segment Review

The Deal

Berry Global Group Inc. (BERY) announced Thursday, Sept. 8 , that it has launched a process to evaluate strategic alternatives for its health, hygiene and specialties segment. Evansville, Ind.-based Berry Global said that it will be considering various alternatives to maximize shareholder value. It could include, but is not limited to, a “sale, strategic partnership or joint venture, spinoff to shareholders or other separation transaction for some or all of the businesses within the business se

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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?