Fri.Oct 11, 2024

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What's Happening With AGBA Stock?

Benzinga

AGBA Group Holding Limited (NASDAQ: AGBA ) shares are trading higher Friday after the company announced that all steps have been finalized to move towards the completion of its merger with Triller Corp. The Details: The merger is expected to take place on Oct.14, subject to final Nasdaq approval, and will include a 4-to-1 reverse stock split of Agba shares.

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Creating a how-to guide for climate tech start-ups and scale-ups

Mckinsey and Company

How can a climate tech company get funding—and scale up—quickly? The Climate Brick, an open-source manual for entrepreneurs and investors, aims to provide some answers.

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De-risking Litigation Exposure: Conflict Management as an Integral Part of Business Administration

Harvard Corporate Governance

Posted by Leonor Díaz-Córdova, FTI Consulting, on Friday, October 11, 2024 Editor's Note: Leonor Díaz-Córdova is a Managing Director at FTI Consulting and Adjunct Professor at IE University. This post is based on her FTI Consulting memorandum. In today’s interconnected global economy, multinational corporations are increasingly exposed to a wide array of litigation risks.

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World’s Best Banks 2024: Global Winners

Global Finance

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Despite this, select financial institutions have threaded the needle and delivered stellar performances to their clients and shareholders over the past year.

Banking 111
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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Keeping artificial intelligence real

Mckinsey and Company

Generative AI represents a sociotechnical revolution with massive implications for every aspect of our lives. Keeping humans in the loop is critical for its responsible development.

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Qualified disaster relief through charitable organizations

LaPorte

(authored by RSM US LLP) Public charities, private foundations, and donor advised funds can provide qualified disaster relief assistance to victims of qualified disasters, including individuals and small businesses. The post Qualified disaster relief through charitable organizations first appeared on LaPorte.

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The State of Funding in Southern Europe: Insights from Rome Startup Week 2024

Equidam

At this year’s Rome Startup Week , a notable panel titled “The State of Funding in Southern Europe” drew attention from entrepreneurs, investors, and industry experts alike. The panel, moderated by Vittorio Verardi —freelance consultant and president of the Needs Startup Association—delved deep into the current state of funding and valuation trends across Southern Europe.

Equity 59
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The state of gen AI implementation among European banks

Mckinsey and Company

London senior partner Gökhan Sari, leader of digital & analytics at McKinsey’s global banking practice, says despite some critical questions about talent, European banks are pressing ahead to implement and scale generative AI (gen AI) capabilities.

Banking 58
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Are you ready? Prepare for tax season with these essential resources for accountants

ThomsonReuters

Jump to ↓ Why tax season resources matter How to make the most of these resources Tax season success starts here Tax season is here, and with it comes the familiar rush of deadlines, complex returns, and endless questions from clients. You know the drill all too well. But what if you had a comprehensive place with tools, guides, and expertise to help you navigate the chaos and stay ahead of the curve?

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Cannabis Biz Ex-Partners Spar Over $6.4M Judgment Payout

Law 360 M&A

Two former business partners are sparring in Colorado federal court over a proposed order to hold assets related to a cannabis company to satisfy a $6.4 million judgment and whether that order can be granted in compliance with the federal Controlled Substances Act.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Different Than The Rest: Q&A With BBVA’s Javier Rodríguez Soler

Global Finance

Javier Rodríguez Soler, global head of Sustainability and Corporate & Investment Banking (CIB) at BBVA, speaks to Global Finance about the bank’s strong year and how it is maintaining momentum. Global Finance : How did BBVA’s corporate banking business achieve such a strong year? Javier Rodríguez Soler: Indeed, BBVA Corporate & Investment Banking had a great 2023, with annual revenue of €4.8 billion [$5.3 billion], and just in the first half of 2024, we generated revenue of €2,872 millio

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Sports Biz Seeks To Freeze Assets In Suit Over NHL Deal

Law 360 M&A

A Finland-based sports agency has asked a federal judge to enjoin a Massachusetts man from transferring or disposing of any assets while a lawsuit proceeds over a scheme he allegedly carried out to avoid paying roughly $1 million awarded to the company through arbitration.

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Growing Through Innovation: Q&A With QNB Group CEO Abdulla Mubarak Al-Khalifa

Global Finance

QNB Group CEO Abdulla Mubarak Al-Khalifa discusses innovation and sustainability with Global Finance. Global Finance: QNB Group had solid returns in 2023. How did the organization achieve this? Abdulla Mubarak Al-Khalifa: In 2023, QNB Group delivered robust net profit of $4.3 billion, an increase of 8% over the previous year, and an operating income of $10.7 billion, an increase of 11%.

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Cable Co. CEO Says Buyer Fired Him In Violation Of Deal

Law 360 M&A

An owner of a Colorado aerospace manufacturing company is suing a buyer in state court for allegedly violating the terms of their asset purchase deal, claiming the buyer fabricated a reason to fire him as CEO in order to avoid paying half a million dollars that it would otherwise owe to his company.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Stryker's Acquisition Spree: Double-Digit Growth on the Horizon

Benzinga

Stryker (NYSE: SYK ) is a medical device company that has risen to become the third-largest U.S. firm in the healthcare equipment and supplies industry. The company has often acquired other firms to boost its competitiveness and add capabilities. Still, recent months in 2024 have been particularly active for Stryker when it comes to acquisitions. Since the beginning of July, the company has closed on or announced purchases of five companies.

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HSR Amendments Intensify Merger Filing Burdens, Data Risk

Law 360 M&A

The antitrust agencies' long-awaited changes to premerger notification rules under the Hart-Scott-Rodino Act stand to significantly increase the time and cost involved in preparing an initial HSR notification, and will require more proactive attention to data issues, says Andrew Szwez at FTI Technology.

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Why Business Owners Sell, According to the Data

Exit Strategy

Retirement is the number one reason business owners sell, but 40 to 50% of business owners sell for other reasons. For over a decade, the IBBA and M&A Source Market Pulse survey of M&A advisors and business brokers has been tracking what motivates owners to sell their businesses. And the reasons have been fairly consistent […] The post Why Business Owners Sell, According to the Data appeared first on Exit Strategies Group, Inc.

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Fintech-Focused Cohen SPAC Leads 2 IPOs Worth $250M

Law 360 M&A

Cohen Circle Acquisition Corp. I, a special purpose acquisition company founded by financial services industry veteran Betsy Cohen, began trading Friday, one of two SPACs that completed initial public offerings for a combined $250 million.

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World's Third-Largest OTC Player Sanofi's Consumer Health Unit Nears $16B Deal With Clayton Dubilier & Rice

Benzinga

On Friday, Sanofi SA (NASDAQ: SNY ) said it is negotiating with Clayton Dubilier & Rice (CD&R) to potentially sell a 50% controlling stake in Opella, its consumer healthcare business. According to the Bloomberg report, the deal could be valued at about 15 billion euros ($16.4 billion), making it one of the largest European transactions this year.

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M&A Dispute Triggers Could Shift Moving Into 2025

Law 360 M&A

Legal disputes are a fact of life when it comes to mergers and acquisitions, but the deal provisions seen as the most likely to spur conflict have shifted since the impacts of the COVID-19 pandemic have subsided, according to attorneys surveyed in a new report from Berkeley Research Group.

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Value Drivers for a Recreation Business

Peak Business Valuation

Recreation businesses sell ATVs, RVs, boats, and more. Demand for these vehicles has increased over the past few years. As such, operating a recreation business can be lucrative. If you want to buy , grow , or sell a recreation business , it is important to receive a recreation business valuation. As part of a business valuation for a recreation business, you will learn about the key value drivers for a recreation business.

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New Squarespace Suit Filed For Take-Private Docs

Law 360 M&A

A second shareholder of website builder Squarespace Inc. has sued in the Delaware Court of Chancery for books and records on the company's proposed $7.2 billion take-private deal with private equity giant Permira Advisors LLC, less than two weeks after the sidelining of an earlier books suit focusing on the same deal, which is set to expire late Oct. 11.

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Pender Growth Fund Announces Acquisition of Four Technology Companies from Pluribus Technologies

Benzinga

VANCOUVER, British Columbia, Oct. 11, 2024 (GLOBE NEWSWIRE) -- (TSXV: PTF ) Pender Growth Fund Inc. ("Pender" or the "Company") is pleased to announce the completed acquisition of four technology companies from Pluribus Technologies Corp. ("Pluribus") (TSXV: PLRB ). The acquisition is being made by a majority owned subsidiary, to be named Pender Software Holdings Ltd., held approximately 85% by Pender and 15% by Acorn Partners Inc.

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IBM Unit Wants To Undo 'Troubling' Defamation Case Ruling

Law 360 M&A

An IBM unit has asked the Fourth Circuit to revive its lawsuit alleging a former executive's defamatory statements nearly killed a major acquisition, arguing that a lower court attempted to inject a new standard into its analysis.

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Conavi Medical Corp. (formerly "Titan Medical Inc.") Completes Business Combination

Benzinga

TORONTO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Conavi Medical Corp. (formerly, " Titan Medical Inc. ") ("the " Resulting Issuer " or the " Corporation ") (TSX: TMD , OTC: TMDIF ) is pleased to announce the completion of the previously announced business combination between Conavi Medical Inc. (" Conavi ") and the Corporation in an all-stock transaction, which constituted a reverse takeover of the Corporation (the " Transaction ").

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Kirkland, Skadden Compete Atop M&A Adviser League Tables

Law 360 M&A

The two firms at opposite ends of the bargaining table on the largest merger announced this year — Mars' $36 billion agreement to purchase Kellanova — are also running neck-and-neck in the mergers and acquisitions league tables when measured by dollar volume, according to data provided by Dealogic.

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MES Expands Internationally with the Acquisition of Frontline Outfitters in Canada

Benzinga

Halifax, Canada October 11, 2024 --( PR.com )-- MES is pleased to announce the acquisition of Frontline Outfitters in Canada, representing it first international expansion in the uniform business. This strategic acquisition allows MES to strengthen its network, capabilities, and expertise in the first responder uniform market across North America. With a strong track record of growth across Canada, Frontline Outfitters will enable MES to serve customers throughout the country.

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BurgerFi Creditors Blast DIP, Bidding Procedures In Ch. 11

Law 360 M&A

Unsecured creditors of restaurant chain BurgerFi Inc. are challenging the terms of its post-bankruptcy financing package and some of the details of its planned asset sale, saying the provisions will unfairly leave creditors with little to nothing in recoveries.

Finance 52
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Additive Manufacturing Market to Register CAGR of 20.8%, Attributed to Growing Demand for Prototype Applications from Different Industries

Benzinga

Westford, USA, Oct. 11, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Additive Manufacturing Market will reach a value of USD 91.59 Billion by 2031, with a CAGR of 20.8% during the forecast period (2024-2031). The main factors driving the market include strong demand for cost-efficient methods of production, demand for customized products, and technological advancements in 3D printing.

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What's Inside Feds' Latest Bank Merger Review Proposals

Law 360 M&A

Recent bank merger proposals from a trio of federal agencies highlight the need for banks looking to grow through acquisition to consider several key issues much earlier in the planning process than has historically been necessary, say attorneys at Simpson Thacher.

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AGBA ADVANCES TOWARD COMPLETION OF THE TRILLER MERGER

Benzinga

AGBA Group Holding Limited (NASDAQ: AGBA ) ("AGBA" or the "Company") and Triller Corp. ("Triller"), today announced that their merger is expected to close on Monday, October 14, 2024 subject to final Nasdaq approval. NEW YORK, NY / LOS ANGELES, CA, Oct. 11, 2024 (GLOBE NEWSWIRE) -- AGBA, a multi-channel business platform delivering first-class financial services through machine-learning technologies, and Triller, a next generation, AI-powered, social media and live-streaming event platform, tod

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Finance Partners Join Hunton Andrews Kurth's London Office

Law 360 M&A

Hunton Andrews Kurth LLP has welcomed two new lawyers, Alan Cunningham and Richard Skipper, as finance partners in its London office.

Finance 52
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ATHA Energy Announces Option Agreements With Terra Uranium for Spire, Horizon, and Pasfield Projects

Benzinga

VANCOUVER, British Columbia, Oct. 11, 2024 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (CSE: SASK ) ( FRA: X5U ) (OTCQB: SASKF ) (" ATHA ") is pleased to announce, in furtherance to its news release from August 20 th , 2024 , the Company and Terra Uranium Ltd. ( ASX: T92 ) (" T92 ") have executed a definitive option agreement for T92 to earn an option to acquire a 70% interest in ATHA's Spire and Horizon properties (together, the " Spire Horizon Projects ") and a definitive option agreement for A

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Nippon To Sell JV Stake For $1 In Push To Close US Steel Deal

Law 360 M&A

Japan's Nippon Steel said Friday it has agreed to sell its stake in a 50-50 joint venture with ArcelorMittal to the European steelmaker for just $1, as Nippon seeks to address any antitrust concerns over its planned $14.9 billion acquisition of U.S. Steel.

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