Musings on Markets

JANUARY 27, 2022

I also looked at how inflation plays out on equity sub-groupings, on two dimensions, the first being market capitalization and the second being price to book, with the former becoming a stand-in for the vaunted small cap premium and the latter for the value versus growth question.

Risk-free Rate 84

Risk-free Rate Treasury Price to Book Start-ups 84

Brian DeChesare

MARCH 8, 2023

Commodity trading desks within sales & trading at the large banks. Doing so limits your losses if you’re wrong but also caps your gains if you’re correct. And if wheat prices rise above $12.00, your profits would be capped at $10,000 because of the $12.00 For example, you might buy a $10.00 wheat call option for $0.50

Finance 104

Finance Start-ups Banking Alpha 104

Brian DeChesare

JULY 12, 2023

Depending on your source, a VC case study might consist of a “cap table” exercise where you calculate the company’s ownership over many investment rounds and the proceeds to each group upon exit… …but it could also be a qualitative discussion of a market, an evaluation of a specific startup, or even a simple 3-statement model.

Banking 52

Banking Marketability Compliance Finance 52

Musings on Markets

MAY 5, 2023

The other is the rise of social media and online news made deposits less sticky, across the board, since rumors (based on truth or otherwise) can spread much, much faster now than a few decades ago.

Banking 76

Banking Equity Start-ups Treasury 76

Brian DeChesare

AUGUST 10, 2022

Integrated Oil & Gas can also work, but at the large banks, you’ll mostly advise huge corporations on prospective asset deals and the occasional financing. The Downstream and Services segments tend to have lower deal activity, with many engagements taking the form of “continuous advice” to large companies. have declined).

Banking 82

Banking EBITDA Dividends Equity 82

Andrew Stolz

FEBRUARY 15, 2022

On 3rd of January, Meta’s share price dropped by 25%, equaling around US$230bn in market cap. There are still large differences across the regions. Recent negative news could make it attractive to tap in now. Meta announced to continue investing heavily in data infrastructure and development of new virtual reality products.

Marketability 52

Marketability Business Valuation 52

Brian DeChesare

DECEMBER 21, 2022

Internships and Jobs in the New, Terrible Macro Environment. With news of hiring freezes, layoffs, and declining deal activity, how can I prepare to win an offer? Yes, they still had plenty of capital, but the funds they raised in 2006 – 2008 performed poorly, and it took years for fundraising and large deals to recover.

Banking 80

Banking Start-ups Finance EBITDA 80

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Finance 74

Finance Start-ups Equity Equity Financing 74

Reynolds Holding

APRIL 18, 2024

And it is incumbent on each of us to make sure it does not come to pass and that investors are not harmed by noncompliance with the securities laws when it comes to this new technology. With ESG, we saw large swaths of investors become interested in firms and companies that incorporated ESG into their investment strategies and business plans.

Compliance 45

Compliance Technology Start-ups Marketability 45

Reynolds Holding

SEPTEMBER 7, 2022

Against a backdrop of lackadaisical climate policy, that sounds like a rare piece of good news for climate campaigners. Assuming a sufficiently large proportion of investors is climate-conscious, making a more credible commitment to transition may thus increase a firm’s valuation.

Start-ups 45

Start-ups Finance Firm Value Technology 45

Musings on Markets

NOVEMBER 1, 2023

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. Some of that attention comes from the company's products and innovations, but much of it comes from having Elon Musk as a CEO, a man who makes himself the center of every news cycle.

Start-ups 114

Start-ups Marketability Market Capitalization Equity 114

Reynolds Holding

MARCH 28, 2022

Working with these bankers, Panuwat saw presentations that listed Incyte Corporation as being among Medivation’s peers as a “mid-cap oncology-focused biopharmaceutical company.” Responding to unsolicited interest in acquiring Medivation, the company hired investment bankers to explore options. percent premium to market and a 69.8

Marketability 83

Marketability Banking Data Analysis Dividends 83

Reynolds Holding

SEPTEMBER 12, 2023

A recent news article notes that this number of finalized rules is less than a number of my predecessors in a comparable timeframe. [4] In that context, we have put out to public comment proposals regarding securities lending, [6] short sale disclosures, [7] and large position reporting for securities-based swaps. [8]

Banking 40

Banking Treasury Marketability Equity 40

Benzinga

MARCH 27, 2024

Tuesday, Shockwave Medical Inc (NASDAQ: SWAV ) shares traded higher following a Wall Street Journal report suggesting Johnson & Johnson (NYSE: JNJ ) is reportedly in talks to acquire the company. Shockwave Medical is a cardiovascular medical device. In 2022, Johnson & Johnson acquired heart failure device-focused Abiomed Inc. billion.

Enterprise Value 98

Enterprise Value Marketability 98

Benzinga

APRIL 25, 2024

If successful, this deal would signify a resurgence in large-scale transactions for BHP, which, under CEO Mike Henry, has rekindled its appetite for transformative acquisitions in recent. Anglo American, valued at £27 billion ($34 billion), disclosed that it had received an unsolicited merger proposal in the form of a stock exchange offer.

Equity 59

Equity 59

Benzinga

APRIL 26, 2024

Anglo American (OTCQX: NGLOY ) rebuffed a $39-billion takeover proposal from BHP Group (NYSE: BHP ), dismissing the offer as "highly unattractive." What Happened : BHP’s bid, announced Thursday, April 25, involved an all-share offer.

52

52

Musings on Markets

DECEMBER 2, 2020

While there were news stories about the virus for the first few weeks of 2020, they centered either on China or passengers on cruise ships that had been exposed to the virus. As we will see in the next section, the hotel and travel booking businesses were damaged even more than Airbnb, because of their large asset bases and debt levels.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Benzinga

APRIL 22, 2024

On Monday, Eli Lilly and Company (NYSE: LLY ) agreed to acquire a manufacturing facility from Nexus Pharmaceuticals. The deal terms were not disclosed.

64

64

Benzinga

APRIL 23, 2024

On Monday, TotalEnergies SE (NYSE: TTE ) inked an agreement to buy a 50% stake in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn for $530 million, subject to closing adjustments.

Equity 52

Equity 52

Benzinga

JANUARY 19, 2024

Tech stocks are propelling the S&P 500 index toward a new record high, originally set in January 2022. However, not all companies are from the small group of mega caps that led the final quarter rally in 2023. The index is within 30 points of the 4,818.6 intraday high reached on Jan.

Marketability 98

Marketability Equity 98

Benzinga

APRIL 11, 2024

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX ) agreed to acquire Alpine Immune Sciences Inc (NASDAQ: ALPN ) for $65 per share or approximately $4.9 billion in cash. billion before the acquisition.

Equity 59

Equity 59

Benzinga

APRIL 18, 2024

Thursday, Germany’s competition authority, Bundeskartellamt, cleared the planned acquisition of Cardior Pharmaceuticals GmbH by Danish pharma giant Novo Nordisk A/S (NYSE: NVO ). Cardior is a biotech company focusing on heart diseases, in the case at hand cardiac insufficiency or heart failure.

52

52

Benzinga

APRIL 18, 2024

Stellantis said they would develop additional solar plants, install large-scale solar storage systems, and produce hydrogen energy. The move reflects the automakers’ aim to make their plants more energy self-sufficient, reported Reuters. As per the report, the investment will allow the company. Full story available on Benzinga.com

Equity 52

Equity 52

Benzinga

DECEMBER 15, 2023

Health Care Service Corporation (HCSC) and Elevance Health Inc (NYSE: ELV ) are reportedly engaged in a competitive race to acquire the Medicare Advantage business segment from Cigna Group (NYSE: CI ), aimed at catering to individuals aged 65 and above.

98

98

Benzinga

NOVEMBER 6, 2023

Cigna Corporation (NYSE: CI ) is reportedly contemplating the sale of its Medicare Advantage business and working with an investment bank to explore options for a business that could be worth billions, according to Reuters. The move follows a decade of expansion in the sector , including the acquisition of HealthSpring for $3.8

Banking 105

Banking 105

Benzinga

APRIL 5, 2024

Friday, Johnson & Johnson (NYSE: JNJ ) agreed to acquire Shockwave Medical Inc (NASDAQ: SWAV ) for $335.00 per share in cash, corresponding to an enterprise value of approximately $13.1 billion, including cash acquired. per share in cash, corresponding to an enterprise value of approximately $16.6 billion.

Enterprise Value 59

Enterprise Value 59

Benzinga

MARCH 28, 2024

The Home Depot, Inc. NYSE: HD ) disclosed a definitive agreement to acquire SRS Distribution Inc. for a total enterprise value (including net debt) of about $18.25

Net Debt 64

Net Debt Enterprise Value Marketability Equity 64

Benzinga

APRIL 12, 2024

NYSE: BP ) shares are trading higher after United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) considered buying the company. However, this deal did not progress beyond preliminary discussions, reported Reuters, citing people familiar with the matter.

Equity 52

Equity 52

Musings on Markets

JANUARY 26, 2023

In the same vein, I have learned a great about the power of disruption and the capacity of a young company (and its founder) to change the way a large, inertia-bound business is run, in the process of valuing Tesla. per share in 2022.

Start-ups 80

Start-ups Marketability Risk Premium Equity 80

Benzinga

APRIL 11, 2024

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX ) agreed to acquire Alpine Immune Sciences Inc (NASDAQ: ALPN ) for $65 per share or approximately $4.9 billion in cash.

52

52

Benzinga

MARCH 27, 2024

Honeywell International Inc (NASDAQ: HON ) disclosed the intention to acquire all outstanding shares of Civitanavi Systems S.p.A. Civitanavi provides position navigation and timing technology for the aerospace, defense, and industrial markets. The company will initiate a voluntary tender offer of €6.30

Equity 59

Equity Technology Marketability 59

Benzinga

APRIL 8, 2024

Johnson & Johnson (NYSE: JNJ ) agreed on Friday to acquire Shockwave Medical Inc (NASDAQ: SWAV ) for $335 per share in cash, corresponding to an enterprise value of approximately $13.1 billion, including cash acquired.

Enterprise Value 52

Enterprise Value Marketability 52

Benzinga

MARCH 25, 2024

Monday, AbbVie Inc (NYSE: ABBV ) agreed to acquire Landos Biopharma Inc (NASDAQ: LABP ) for $20.42 per share, or approximately $137.5 million in the aggregate, plus one contingent value right per share with a value of up to $11.14 per share, or approximately an additional $75 million.

45

45

Benzinga

OCTOBER 6, 2023

Exxon Mobil Corp (NYSE: XOM ) shares are trading lower Friday after reports surfaced that it is nearing the completion of a $60 billion acquisition. The move sent shares of the target company, Pioneer Natural Resources Co (NYSE: PXD ), nearly 10% higher. Exxon Mobil aims to further solidify its foothold in the U.S.

Marketability 98

Marketability 98

Benzinga

MARCH 19, 2024

TotalEnergies SE (NYSE: TTE ) inked a deal to acquire Talos Energy Inc.’s ’s (NYSE: TALO ) Low Carbon Solutions (TLCS) for $148 million. The amount includes a purchase price of $125 million, along with customary reimbursements, adjustments, and retention of cash.

Marketability 59

Marketability Equity 59

Benzinga

MARCH 18, 2024

Pfizer Inc (NYSE: PFE ) plans to slash its stake to approximately 24% in Consumer healthcare giant Haleon Plc (NYSE: HLN ) This move follows Pfizer’s earlier announcement that it will gradually divest its ownership in Haleon. The offer price per share is set to be disclosed around March 19, after a book-building process, as stated by Haleon.

59

59

Benzinga

MARCH 14, 2024

KKR & Co (NYSE: KKR ) plans to launch a voluntary public takeover offer to all shareholders of Encavis AG (OTC: ENCVF ) for an equity value of around €2.8 Elbe Bidco, an investment vehicle owned by KKR, plans to offer a cash consideration of €17.50 per Encavis share.

Equity 59

Equity 59