Tue.Apr 16, 2024

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Enhanced Scrutiny a Virtual Certainty: Canadian Government to Closely Scrutinize Foreign Investments in Interactive Digital Media

JD Supra: Mergers

Canadian businesses involved in the interactive digital media sector, including video games and augmented reality, should be aware of the implications of the Investment Canada Act and the Canadian government’s recent policy statements on their efforts to attract investment from foreign investors. The Canadian government’s focus on combating disinformation online extends to ensuring that foreign investment in Canadian businesses will not be injurious to Canada’s national security and/or will be.

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Adjustment Disputes: Seller Ordered to Pay Buyer 2x Purchase Price

Deal Lawyers

You read that right! This Cleary blog addresses a late February Delaware Chancery opinion confirming an arbitration award. SM Buyer LLC v. RMP Seller Holdings, LLC (Del. Ch.

Equities 131
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Out from the Shadows: The SEC Succeeds on Shadow Insider Trading Theory

JD Supra: Mergers

The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory. The jury’s verdict, as well as increased SEC enforcement under this theory, requires a re-examination of trading behavior and policies when one learns material nonpublic information about another company in the course of employment.

Trading 180
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China’s First Quarter Results Show Growth Propelled by Its Factories

The New York Times: Banking

China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.

IT 135
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Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Monitorships – A Resource for AGs and Regulated Businesses Alike

JD Supra: Mergers

Recently, a matter involving the North Carolina Attorney General (AG) Josh Stein made headlines when it was announced that Affiliated Monitors Inc. would take over monitorship of HCA Healthcare. This relates to HCA’s compliance with the conditions set forth in an asset purchase agreement involving six North Carolina hospitals it acquired when it purchased Misson Health System in 2019 for $1.5 billion.

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Dual Track Reboot: Five Key Considerations for Supercharging Your Life Science Company Exit

JD Supra: Mergers

There have been 44 initial public offerings (IPOs) listed on the US stock markets in 2024 thus far, many of which continue to trade at a premium to their initial offering price, demonstrating the strength and buoyancy of current public markets. Concurrent with the capital markets regaining momentum, 2024 to date has shown robust merger and acquisition (M&A) activity, with notable growth of close to 11% in life sciences M&A activity compared to 2023.

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Benchmark International Successfully Facilitated The Transaction Between Bitco Telecoms (Pty) Ltd To Link Africa Holdings (Pty) Ltd

Benchmark International

Benchmark International is pleased to announce the successful sale of BitCo Telecoms, a leading provider of business wireless and voice over IP solutions, to Link Africa, one of the leading cost-effective independent fibre network operators in South Africa

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Delaware Supreme Court Holds That Boards Must Satisfy the MFW Framework in Controller Transactions to Obtain Business Judgment Deference

JD Supra: Mergers

In 2014, the Delaware Supreme Court held in Kahn v. M&F Worldwide Corp. (“MFW”) that a court will apply the entire fairness standard of review to freeze-out merger transactions between a controlled corporation and its controlling stockholder when the controlling stockholder receives a non-ratable benefit unless the controller conditions the transaction on (1) negotiation by an independent committee and (2) approval by a fully informed vote of a majority of minority stockholders (the “MFW.

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Regional banks will dominate rest of earnings season this week. Here's what analysts expect

CNBC: Investing

What's key for investors this earnings season is the impact elevated interest rates may have on regional banks' net interest income.

Bank 110
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Provide Real Value in Your Applications with Data and Analytics

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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Getting the Deal Done: Insurance Distribution

JD Supra: Mergers

The fragmented insurance distribution market in Canada continues to see significant levels of mergers and acquisitions (M&A) activity as established consolidators roll up smaller brokerages and managing general agents (MGAs), new players emerge, strategic buyers remain active, and more owners approach the age of retirement and seek third-party exits.

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This top investor delivers outperformance with her five-star Morningstar rated bond funds. Here’s how

CNBC: Investing

Baird Advisors co-chief investment officer Mary Ellen Stanek talks about how her experience has shaped her strategy and where she sees value right now.

Investors 105
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2024 Securities, Shareholder, and M&A Litigation Outlook

JD Supra: Mergers

2023 was a busy year, with both the Delaware courts and others, including the U.S. Supreme Court, weighing in on shareholder and M&A litigation issues. The Delaware Court of Chancery issued several notable decisions on issues critical to companies incorporated in Delaware as well as those seeking to engage in transactions with Delaware-incorporated entities.

M&A 163
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If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead

CNBC: Investing

Nvidia shares have made an eyewatering advance this year, but the stock has dipped into negative territory this month amid concerns of a weakening macro.

Stock 102
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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 Delaware General Assembly to the Rescue: Proposed Legislative Fixes to Uncertainty Created by Three Significant Delaware Chancery Court Decisions

JD Supra: Mergers

Summary - On March 28, 2024 the Council of the Corporation Law Section of the Delaware State Bar Association released a set of proposed amendments to the Delaware General Corporation Law (the "DGCL"). The proposed amendments, which are expected to be introduced to the Delaware General Assembly for approval this year, are intended to resolve uncertainty created by three significant decisions of the Delaware Court of Chancery over the last several months.

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Powell Suggests Interest Rates Could Stay High for a Longer Period

The New York Times: Banking

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.

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Government Announces Australia to Have a Mandatory and Suspensory Merger Control Regime

JD Supra: Mergers

In a move that has long been advocated for by the Australian Competition and Consumer Commission (ACCC), the Australian government has announced sweeping reforms to Australia's competition law merger control regime.

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A bearish options trade that wins if the AI-led chip stock rally runs out of steam

CNBC: Investing

Nishant Pant discusses a bearish options hedge on a member of the chip sector that appears to be breaking down.

Trading 119
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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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Celebrating Cisco’s AI Differentiation and Our Engineers During World Creativity & Innovation Week

Cisco: M&A

World Creativity & Innovation Week annually celebrates problem-solving within the realms of economic, social, and sustainable development.

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I.M.F. Sees Steady Growth but Warns of Rising Protectionism

The New York Times: Banking

The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.

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Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

Stock 124
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UK packaging firm DS Smith agrees £5.8bn takeover by US group

The Guardian: Mergers & Acquisitions

International Paper settles all-share deal after tussle with British rival Mondi Business live – latest updates The FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal. Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a £5.14bn all-share deal put forward by its British rival Mondi, based in Weybridge, that month.

Shares 84
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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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Tuesday's analyst calls: Rivian gets an upgrade, chip stock set to rally more than 35%

CNBC: Investing

An electric vehicle maker and a chip stock were among the biggest calls by analysts Tuesday.

Stock 108
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BeyondTrust Acquires Entitle, Strengthening Privileged Identity Security Platform with Paradigm Shifting Just-in-Time Access and Identity Governance

Global Newswire by Notified: M&A

ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- BeyondTrust, the worldwide leader in intelligent identity and access security, today announced a definitive agreement to acquire Entitle, a pioneering privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate.

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How to Use AI to Optimize Customer Relationships

Global Banking & Finance

How to Use AI to Optimize Customer Relationships Written by Venkata Mudumbai April 2024 In response to evolving customer expectations and increasing competition, it’s essential for financial services organizations to adopt a modern, customer-centric approach to service.

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Here are Tuesday's biggest analyst calls: Apple, Tesla, Nvidia, Kroger, GM, Super Micro Computer, Rivian, Reddit & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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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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Kepler Cheuvreux’s KCx partners with Adaptive to create an event-driven equities trading system

The TRADE

Adaptive has partnered with Kepler Cheuvreux’s execution division KCx to develop an event-driven trading system based on Aeron and its own Hydra technology. The collaboration will provide KCx with a new front-office equities execution platform which enables clients to observe and manage KCx’s execution flow through one interface, offering new functionality and simplified workflows.

Trading 64
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Beware these stocks forming the feared death cross — including 2 major consumer brands

CNBC: Investing

These stocks are approaching a death cross chart pattern and could be poised for a bearish trend ahead.

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BMLL launches India trading data offering as part of continued APAC expansion

The TRADE

BMLL has moved to expand its regional Asia-Pacific offering with the launch of India equities trading data, The TRADE can reveal. Level 3 equities data from the National Stock Exchange of India (NSE India) dating back to January 2021 and Level 2 data from the Bombay Stock Exchange dating back across the same period will now be available to BMLL clients via its Data Lab.

Trading 59