Sat.May 11, 2024 - Fri.May 17, 2024

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U.S. Steel-Nippon Steel Merger: A Potent Catalyst for U.S.-Japan Relations and Technological Advancement

JD Supra: Mergers

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

Mergers 311
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Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash 

TechCrunch: M&A

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: The sale […] © 2024 TechCrunch.

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Strategic Staffing: Nathan Hirsch's Key to Scaling Businesses through Effective Team Building

How2Exit

b' E211: Strategic Staffing: Nathan Hirsch's Key to Scaling Businesses through Effective Team Building - Watch Here rn rn rn About the Guest(s): rn Nathan Hirsch is an entrepreneur with a wealth of experience in online businesses and a talent for strategic growth and operations. Co-founder of FreeUp, a marketplace for pre-vetted freelancers which was scaled and successfully exited in 2019, Nathan has a knack for acquiring top-notch talent through optimized hiring processes.

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Antitrust: New Merger Guidelines Feature Prominently in Recent FTC Challenge

Deal Lawyers

Last month, the FTC filed an administrative complaint seeking to block Tapestry Inc.’s $8.5 billion proposed acquisition of Capri Holdings. This fight is all about purses, folks, because the FTC says that the deal would eliminate competition between Capri’s Coach & Kate Spade brands and Tapestry’s Michael Kors.

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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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Brussels Regulatory Brief: April 2024

JD Supra: Mergers

Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary view that the Company intentionally or negligently provided incorrect, incomplete, and misleading information during the Commission’s.

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'Big Short' trader Danny Moses is still betting against Tesla, says core business is 'falling apart'

CNBC: Investing

"Everything is kind of falling apart in their core business," Moses Ventures founder Danny Moses told CNBC's "Fast Money.

Business 143
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Proposed 2024 DGCL Amendments: Revisions Pare Back Moelis Fix

Deal Lawyers

In March, the Delaware Bar proposed DGCL amendments designed to addresses the issues created by the Chancery Court’s Crispo, Moelis, and Activision Blizzard decisions. However, some of the proposed changes, particularly a proposed amendment to Section 122 of the DGCL, attracted a lot of criticism.

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Banking and Consumer Regulatory Digest - May 2024

JD Supra: Mergers

Bank for International Settlements. Credit risk management. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. The fresh guidance reaffirms the need for ongoing due diligence and the development of a comprehensive risk mitigation strategy to control counterparty credit risk.

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Ukraine Needs Money to Fight. Can Seized Russian Assets Help?

The New York Times: Banking

Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.

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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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‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

CNBC: Investing

Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).

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Spin-Offs: Updated IRS Guidance on Private Letter Rulings

Deal Lawyers

A recent memo from Gibson Dunn addresses updated guidelines obtaining private letter rulings from the IRS addressing spin-offs and related debt exchanges. Here’s the intro: The Internal Revenue Service (the “IRS”) and the Treasury Department (“Treasury”) have released Rev. Proc. 2024-24 (the “Rev. Proc.

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New DOJ Task Force Will Scrutinize Health Care Industry for Antitrust Issues

JD Supra: Mergers

A new federal antitrust task force will focus on investigations in health care markets, and, where warranted, civil and criminal enforcement, the Department of Justice announced.

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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt 145
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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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ValueAct reveals stake in Fanduel-parent Flutter Entertainment

CNBC: Investing

The filing comes after Flutter listed its shares on the New York Stock Exchange in January, and ahead of a move in its primary listing to the U.S. on May 31.

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Venture Capital: Information Rights

Deal Lawyers

Major investors in VC-backed financings customarily obtain contractual rights to receive access to financial and certain other information from the company. In some cases, these rights include the ability to appoint an observer to attend board meetings.

Capital 112
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8th Annual European Fund Finance Symposium: The Latest From London May 2024 - FFA European Fund Finance Symposium Review – Key Themes

JD Supra: Mergers

Last week saw almost 1,140 registrants attend the FFA’s annual symposium at the Queen Elizabeth II Conference Centre in London. As ever, the event brought together a wide range of market participants from across the industry, providing a unique opportunity to network and learn more about the many exciting developments taking place in fund finance.

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BMLL data made available through Nasdaq Data Link

The TRADE

Nasdaq’s Nordic and Baltic equity offering, QuoteView, will be made available through Nasdaq Data Link this month, covering primary venues and MTFs in the region across equities, mutual funds and ETFs. The offering, which is powered by BMLL, provides T+1 consolidated best bid and offer (CBBO) data for Nordic and Baltic equity markets. The consolidated order book consists of all lit quotes across the primary venues and MTFs that trade Nordic and Baltic securities with the corresponding original p

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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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In case you missed: More of Warren Buffett's insights from the latest Berkshire meeting

CNBC: Investing

Buffett commented on a host of different topics at Berkshire's annual meeting, including what to do with volatility and why cash is attractive.

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In the Corporate World, Woke Is the Rage but Greed Is Still King

The New York Times: Banking

Three new books chronicle businesses where executive self-enrichment at the expense of workers — and sometimes the law — prevails.

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Restrictive Covenants in the Sale of a Business: Converging U.S. and Canadian Approaches

JD Supra: Mergers

The treatment of restrictive covenants in Canada and the U.S. appears to be converging. The laws of both countries recognize an important distinction between non-competition agreements entered into in the context of employment (“employment non-competes”) and those entered into in the context of the sale of a business (“transactional non-competes”).

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The Billionaire Frank McCourt Mounts Bid to Buy TikTok

The New York Times: Mergers, Acquisitions and Dive

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.

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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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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

CNBC: Investing

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Insurance 145
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Cisco and Nutanix: Taking Hyperconverged Infrastructure to the.NEXT Level

Cisco: M&A

Learn how Cisco and Nutanix deliver operational ease, adaptability, and robust infrastructure through complete simplicity, complete flexibility, and complete resiliency delivered in the Cisco Compute Hyperconverged with Nutanix solution.

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Latest Symptom of the Health Care Crackdown: DOJ Announces New Task Force Targeting Sector’s Anti-Competitive Conduct

JD Supra: Mergers

On May 9, 2024, the U.S. Department of Justice’s Antitrust Division (DOJ) announced it is “upping [its] game” on health care enforcement through the Task Force on Health Care Monopolies and Collusion (HCMC). The most recent in a series of DOJ task forces designed to target particular industries, the HCMC will broadly “guide the division’s enforcement strategy and policy approach in health care, including by facilitating policy advocacy, investigations and, where warranted, civil and criminal.

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Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

The New York Times: Banking

Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.

Bank 112
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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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Bank of America says this solar stock is 'firing on all cylinders' and should rally nearly 40%

CNBC: Investing

Nextracker's management "is building a track record of outperforming its targets which should support a multiple expansion," according to Bank of America.

Bank 120
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What investors can takeaway from Q1 bank earnings reports

American Banker - Investment Banking

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

Investors 119
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What Is a 341 Meeting, and Do I Need to Attend? - Creditor’s Rights Toolkit

JD Supra: Mergers

The purpose of the 341 Meeting is to examine the debtor’s financial position and to confirm facts stated by the debtor in the bankruptcy filing. While creditors are not required to attend the 341 Meeting, creditors have an opportunity to examine the debtor and ask questions related to the debtor’s financials and the bankruptcy case. The 341 Meeting can inform creditors of how claims might be treated and the debtor’s ultimate plan for their bankruptcy case.

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