Sat.Nov 02, 2024 - Fri.Nov 08, 2024

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Why Korea Is Gaining Prominence for M&A Activity

JD Supra: Mergers

Korea, known for its rich culinary heritage, fascinating history, and renowned hospitality, has long rendered Seoul a favored travel destination. Today, it stands not only as a cultural and historical beacon but also as a vibrant hub for global business, mergers, and acquisitions. With a deep base of well-established and diversified global industrial conglomerates, Seoul is a hotbed for outbound and inbound business, with many countries jostling for its attention.

M&A
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Unlock the Secrets Behind Business Valuations: What Every Owner Needs to Know Before Selling

How2Exit

E254: Unlock the Secrets Behind Business Valuations: What Every Owner Needs to Know Before Selling - Watch Here About the Guest(s): Gregory Caruso is a seasoned business valuator with over 40 years of experience. Holding both a JD and CPA, Gregory is licensed in the state of Maryland. His extensive background includes 10 years in a family home building operation and significant experience in business brokerage and valuation.

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Top Legal Mistakes to Avoid When Seeking Funding: The Role of Legal Due Diligence

JD Supra: Mergers

Advanced planning for an early stage equity financing can significantly smooth the path for startups, helping to identify opportunities and avoid setbacks. A critical part of the process is the investor’s legal due diligence. It’s important to remember that the legal diligence typically happens after the term sheet is signed. Term sheets start with the valuation of your company, usually determined after business diligence, and propose a price-per-share for the investment in your equity.

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Warren Buffett is selling down his stocks. Here are his top 5 holdings

CNBC: Investing

Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here's where his top holdings stood at the end of the third quarter.

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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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How to juice the yield in your fixed income portfolio as Trump returns to the White House

CNBC: Investing

It could be a good time for income investors to revisit their portfolio.

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Harnessing artificial intelligence on future trading desks

The TRADE

How is trading talent set to evolve going forward? The future trading talent has a different educational background than what has been the norm for decades. Future traders will possess more technical skillsets and they will have quantitative and mathematical backgrounds. This shift has already taken place over the course of several years, and the trend will only continue for many years to come while the industry expands into the technological space.

More Trending

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CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform

Global Banking & Finance

CFE Finance Group, an investment banking boutique, has acquired 100% of TechStar, a pioneering company in industrial metaverse technologies, strengthening its presence in this strategic and highly innovative sector.

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Delaware Court of Chancery dismisses “De-SPAC” merger claims at motion to dismiss stage

JD Supra: Mergers

In In re Hennessy Capital Acquisition Corp. IV Stockholder Litigation, the Delaware Court of Chancery for the first time dismissed breach of fiduciary duty claims against directors involved in a merger with a special purpose acquisition company (SPAC) under the “entire fairness” standard. This decision will help to serve as roadmap for defending against disclosure claims arising in the SPAC context.

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Plato Partnership proposes new standards for tackling market outages

The TRADE

Not-for-profit member organisation Plato Partnership has announced new standards for managing cash equities market outages. Mike Bellaro, chief executive at Plato Partnership The new standards have been developed by Plato member firms with discussions having taken place between European exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange and Nasdaq OMX.

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Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash

The New York Times: Banking

Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.

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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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Delaware Court Of Chancery "Barely" Sustains Claims Challenging Representations About Value Of SPAC Shares

Shearman & Sterling

On October 18, 2024, Vice Chancellor Glasscock of the Delaware Court of Chancery declined to dismiss a putative class action brought by stockholders of special purpose acquisition company ("SPAC") Mountain Crest Acquisition Corp. II ("MCAD") against MCAD's sponsor and alleged controlling stockholder ("Sponsor"), asserting that they breached their fiduciary duties in connection with MCAD's acquisition of a digital therapeutics company in a so-called "deSPAC&#

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The Rise of Convertible Debt: An Alternative Source of Funding for Chinese Issuers

JD Supra: Mergers

In the ever-evolving world of corporate finance, one trend that has been gaining significant momentum is the increased issuance of convertible debt by Chinese issuers. Over the past few months, Chinese technology companies including JD.com, Lenovo, Alibaba and Trip.com have collectively issued convertible bonds totalling US$10.5 billion, with Alibaba’s US$5 billion issuance setting a record for the largest US dollar denominated convertible bond by a Chinese company.

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Repo trading becoming an increasing priority for the buy-side

The TRADE

Repo is increasingly no longer just a bank topic anymore, said experts speaking at a closed Deutsche Boerse roundtable on Tuesday. Robbert Booij The asset class is increasingly becoming a buy-side topic said experts as end clients are voluntarily joining the cleared repo environment, viewing it as a neat instrument to facilitate trading. Erik Müller, chief executive of Eurex Clearing described repo as “the oil in the wheels of financial markets,” and a key priority for the business going forwa

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Stock Market Rallies to Its Best Week in Over a Year

The New York Times: Banking

President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.

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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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Accredited Solutions, Inc. Announces Strategic Acquisition of GlobeTopper, a $37M Revenue Platform Acquisition to Anchor Fintech Strategy

Global Newswire by Notified: M&A

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, today announced the acquisition of GlobeTopper, a leading B2B digital payments platform specializing in global e-gift card distribution. The acquisition, which brings $37 million in projected annual revenue, marks the first step in Accredited Solutions' strategy to build a comprehensive telecom-fintech ecosystem through strategic

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Is antitrust back in fashion? Implications of the FTC‘s win in the Tapestry/Capri merger

JD Supra: Mergers

On October 24, 2024, the District Court for the Southern District of New York granted the Federal Trade Commission (“FTC”)’s request for a preliminary injunction to halt the merger between Tapestry, Inc. (“Tapestry”) and Capri Holdings Limited (“Capri”) (collectively the “Parties”). The proposed transaction would combine Tapestry’s Coach, Kate Spade, and Stuart Weitzman brands with Capri’s Michael Kors, Jimmy Choo, and Versace brands.

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BlackRock’s electronic trading head Daniel Mayston departs

The TRADE

BlackRock’s head of electronic trading and market structure for EMEA, Daniel Mayston, has left the asset management giant, The TRADE can reveal. A BlackRock spokesperson confirmed his departure. His next role is unconfirmed. The TRADE understands it is outside of trading. Mayston has been with BlackRock for almost two decades, originally joining in 2006 as a quantitative alpha and execution researcher.

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Foreclosures in China Soar, Threatening to Choke Off Bank Profits

The New York Times: Banking

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

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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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Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period

CNBC: Investing

The Oracle of Omaha downsized Apple — his biggest equity holding — for a fourth quarter in a row.

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Analyzing Second Requests: Trends in Premerger Antitrust Review and Political Influence

JD Supra: Mergers

ComplexDiscovery’s Editor’s Note: This concise analysis delves into the historical trends of Second Requests in U.S. antitrust review, spanning from 2000 to 2023. It explores how these trends correlate with presidential administrations, underscoring the impact of political shifts on regulatory scrutiny.

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TD Cowen’s James Baugh takes home the Industry Person of the Year Award 2024

The TRADE

James Baugh, managing director, head of European market structure, TD Cowen was voted industry person of the year at last night’s glittering Leaders in Trading awards gala. The Industry Person of the Year Award was decided by an industry vote by more than 300 attendees and later announced on stage. Now in its third year , the recognition is designed to celebrate individuals across the industry who have made a significant impact on their own organisation as well as the industry externally, with

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How FTC Chair Lina Khan Became an Election Hot Topic

The New York Times: Mergers, Acquisitions and Dive

The Federal Trade Commission chair drew increasing political vitriol as the presidential vote neared. Her political future hangs in the balance.

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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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Cathie Wood positions for new tech boom - and it doesn't matter who wins the White House

CNBC: Investing

ARK Invest CEO Cathie Wood thinks both political parties will push for a more conducive environment for innovation.

IT
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In the Lien of Sight November 2024 - Second Lien Loans in Subscription Finance

JD Supra: Mergers

Although second lien loans in subscription line finance have been discussed with interest over the years, their use has been sporadic and it has only been very recently that we have started to see a real uptake in the use of these structures, especially here in Europe.

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Kepler Cheuvreux makes key additions to Milan office

The TRADE

Kepler Cheuvreux has expanded its Milan-based team with the appointment of Luca Carollo as head of sales, Italian clients, and Paolo Sturlese as head of Italian equities. Luca Carollo, Paolo Sturlese Carollo brings 25 years’ experience from both Milan and London to the role. He most recently served as head of equity sales and sales trading for Italian clients at Société Générale.

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IPConsul automates operations with Cisco’s industrial IoT secure networking

Cisco: M&A

Remote sensors and a continuous drip of information transform production efficiency for remote Canadian maple syrup farm.

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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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DoubleLine’s Gundlach says expect higher rates if Republicans also win the House

CNBC: Investing

DoubleLine 's Jeffrey Gundlach said interest rates could shoot higher if the Republicans ends up controlling the House and securing a governing trifecta.

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EU and UK Strike Deal on Cooperation in Competition Investigations

JD Supra: Mergers

Our Antitrust Team discusses the intricacies of the upcoming competition cooperation agreement (CCA) between the European Union and UK that will allow better coordination of enforcement of competition laws in parallel investigations.

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People Moves Monday: Robeco, Kepler Cheuvreux and JP Morgan

The TRADE

Bastiaan Berendsen was promoted to head trader at Robeco, based in Rotterdam. He has been with the firm for almost 19 years, having most recently served as a senior equity trader. Current head of equity trading and operational portfolio management, Robbert Wijgerse, continues in his role and existing reporting lines remain the same. Berendsen joined Robeco in 2006 as a data and application manager.

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Chancery Applies “Independent Legal Significance” Doctrine to Nevada Reincorporation Vote

Deal Lawyers

Yesterday, in Gunderson v. The Trade Desk, (Del. Ch.; 11/24), the Chancery Court granted summary judgment to the defendants in a case involving claims that a Delaware corporation’s migration to Nevada required a supermajority vote under the terms of its charter.

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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?