Mon.Apr 29, 2024

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Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs

JD Supra: Mergers

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by foreign governments, law enforcement and financial institutes.

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M&A Masterclass: Building and Exiting Businesses in Health & Beauty with Tina Bradley

How2Exit

b' E207: M&A Masterclass: Building and Exiting Businesses in Health & Beauty with Tina Bradley - Watch Here rn rn About the Guest(s): rn Tina Bradley is a seasoned entrepreneur with a rich background in various business ventures, starting from her entrepreneurial journey at the age of nine. With hands-on experience in multi-level marketing, building an animal charity, and running approximately 200 monetized websites, Tina's expertise is vast and varied.

M&A 130
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FTC Files Administrative Complaint to Stop $8.5 Billion Tapestry-Capri Fashion Accessory Merger

JD Supra: Mergers

The Federal Trade Commission may point to economic harm to an identifiable cohort of consumers. The Federal Trade Commission (FTC) on April 22, 2024, filed an administrative complaint to block Tapestry, Inc.'s acquisition of Capri Holdings Limited, a deal valued at $8.5 billion. The proposed merger would combine three major fashion brands: Coach and Kate Spade from Tapestry, and Michael Kors from Capri.

Mergers 189
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A Strong U.S. Dollar Weighs on the World

The New York Times: Banking

Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.

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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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Match.com's Divorce: Delaware Supreme Court Decides Standard of Review for Controlling Stockholder Transactions

JD Supra: Mergers

The Situation: When the Delaware Supreme Court decided Kahn v. M&F Worldwide Corp. (MFW) in 2014 (88 A.3d 635 (Del. 2014)), it provided a pathway for business judgment review for "freeze-out" merger transactions involving controlling stockholders. In Match, the Supreme Court considered whether the two-part MFW framework, which relies on the use of a special committee of independent directors and the vote of a majority of the unaffiliated stockholders, applies outside the context of freeze-ou

M&A 180

More Trending

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March 2024 HSR Transactions: Unpacking Their Implications for Cybersecurity and eDiscovery Trends

JD Supra: Mergers

Editor’s Note: This comprehensive report explores the intricate relationship between economic trends, Hart-Scott-Rodino (HSR) transaction activities, and their implications for professionals in cybersecurity, information governance, and eDiscovery. Drawing from recent GDP data and HSR transaction statistics, the analysis offers a detailed overview of the current economic landscape, emphasizing the need for adaptive strategies in the face of fluctuating market conditions.

Economics 180
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A TikTok Divestiture Is Long Overdue

The New York Times: Mergers, Acquisitions and Dive

With its TikTok bill, Congress sent message to the world: You cannot disregard basic internet norms and expect to be treated like any other country.

IT 118
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Private Equity Groups and Hedge Funds – Be Aware of Proposed California Legislation Potentially Imposing Further Approval Requirements and Restrictions on Certain Health Care Transactions

JD Supra: Mergers

On February 16, 2024, another Bill was introduced in California that could have significant implications on certain health care transactions. As proposed by Assembly Speaker pro Tempore Jim Wood, Assembly Bill 3129 (“AB-3129” or the “Bill”) seeks to expand state oversight of transactions involving private equity groups or hedge funds and health care facilities or providers.

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March-April Issue of Deal Lawyers Newsletter

Deal Lawyers

The March-April Issue of the Deal Lawyers newsletter was just posted and sent to the printer.

Mergers 111
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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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Australia Proposes Major Reforms to Merger Review Regime

JD Supra: Mergers

The Background: The Australian Federal Treasurer recently announced sweeping reforms to Australia's merger review regime. These reforms will overhaul the current merger review regime in Australia to introduce mandatory filing requirements for notifiable transactions, "bringing Australia into line with most other developed economies" (per the Australian Competition and Consumer Commission ("ACCC")).

Mergers 170
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Top Tesla analyst Adam Jonas says Musk's China visit means 'he's back' and fully committed to EV maker

CNBC: Investing

Morgan Stanley reiterated an overweight rating on Tesla, alongside a $310 per share price target, implying more than 82% upside from Friday's close.

Shares 97
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Retaining Key Employees In M&A Transactions

JD Supra: Mergers

For potential buyers in a business merger or acquisition, the loss of key employees is a significant risk. That’s especially true in small- to medium-sized businesses, where critical roles and proprietary business insight can be concentrated in a few individuals and the impact of a key worker’s departure can be magnified. Retaining key employees can be a critical component of post-closing success, especially in the small- to medium-sized business space.

M&A 170
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Bernstein says 'be like Buffett' and buy Apple shares while they are cheap, upgrades to outperform

CNBC: Investing

Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China.

Shares 96
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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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DAMITT Q1 2024: Merger Enforcement Begins 2024 with a Bang

JD Supra: Mergers

The U.S. agencies announced the conclusion of six significant merger investigations in Q1 2024, double the number seen last quarter. This marks the end of six quarters of three or fewer significant investigations. In line with recent trends, each significant merger investigation ended with a complaint or an abandoned transaction. Q1 2024 saw no merger settlements.

Mergers 154
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Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?

The New York Times: Banking

Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.

IT 113
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Panel Proposes Narrowing The Scope Of Companies Subject To The Code

JD Supra: Mergers

On 24 April 2024, the UK Takeover Panel published PCP 2024/1 ("PCP 2024/1"), in which it is consulting on a significant narrowing of the types of companies that will be subject to the Takeover Code (the “Code”) - i.e., as targets for which any offers must comply with the Code's provisions (a “Code company”). Comments are called for by 31 July 2024 and the Panel intends to publish a Response Statement in Autumn 2024, with the new provisions expected to be implemented one month later (the.

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Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger

The New York Times: Mergers, Acquisitions and Dive

Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merger.

Mergers 102
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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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Why Eli Lilly's earnings are no sure thing for traders despite obesity drug momentum

CNBC: Investing

The Food and Drug Administration said supplies of Zepbound and Mounjaro are expected to be limited through the second quarter, for all but one dosage.

Food 90
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How To Sell Equity In Your Company

Benchmark International

Selling equity in your privately owned company can be an effective tool if you plan to grow your business or begin to plan your exit strategy.

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Citi says investors should focus on dividends, lists several buy-rated income stocks to buy

CNBC: Investing

As a lower interest rate environment begins to materialize, investors can turn to dividend-growing stocks for a steady income stream.

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People Moves Monday: Investec, BMO Capital Markets and BNP Paribas AM

The TRADE

Dom Lowres, head of execution strategy and Matthew West, electronic sales trader, at Liberum are set to join Investec in the coming months to set up a new low touch electronic desk. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum.

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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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How to back a lagging lithium miner and still generate income using options

CNBC: Investing

Mike Khouw's strategy gives a lower-risk way to get somewhat long Albermarle without going all-in, and generating some income in the process.

85
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Royal London Asset Management restructures global equity team

The TRADE

Royal London Asset Management has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team. Piers Hillier Peter Rutter, former head of equities at Royal London AM, resigned earlier this year, alongside several members of the global equities team, who are believed to be setting up their own company.

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Earnings reports have sparked big swings for tech stocks. Here's what chart experts are watching

CNBC: Investing

These are how technical experts view the charts of companies like Meta and Alphabet after their earnings reports this week.

Stock 94
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MUFG names new head of FX trading and distribution

The TRADE

David Wright has been named head of FX trading and distribution at MUFG after three years with the business. He joined the bank in 2021 as global head of e-FX having and previously served as a strategic transformation consultant at State Street. Prior to that, Tokyo-based Wright spent 16 years at Morgan Stanley, most recently as a managing director.

Trading 62
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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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Get ready traders: These stocks are expected to have the biggest moves on earnings this week

CNBC: Investing

Several companies this week are set to report earnings, ranging from chipmakers Super Micro Computer and AMD to healthcare giants like Moderna.

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MarketAxess taps Standard Chartered for new global head of emerging markets

The TRADE

Electronic trading platform MarketAxess has appointed Dan Burke as global head of emerging markets (EM), based in London. As part of the role, Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets. Burke will hold responsibility for business and product management expansion of MarketAxess’ EM trading business across both geographies and products.

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Wolfe Research says to play enduring inflation through energy stocks — these 2 in particular

CNBC: Investing

Wolfe's top picks are the oilfield services company Halliburton and the natural gas producer EQT Corporation.