First Step to Final Offer (02/27/24)

Author

Brooks Gammill
February 27, 2024

Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internship, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!

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MARKET NEWS

Conference Board gives up on U.S. recession call (Reuters)

The Conference Board has retracted its longstanding prediction of a U.S. recession, citing positive contributions from various economic indicators despite the Leading Economic Index's decline. Analysts remain optimistic about economic growth in 2024, pointing to favorable labor market conditions, improved financial market sentiment, and strong consumer spending, even as growth expectations for the second and third quarters are subdued.

Canada's inflation rate slows and bolsters bets on early rate cut (Reuters)

Canada's annual inflation rate unexpectedly slowed to 2.9% in January, prompting speculation of an early interest rate cut as bets for an April reduction surged to 58%. Despite Prime Minister Justin Trudeau's optimism and the Bank of Canada's anticipation of inflation around 3% in the first half of 2024, factors like declining core inflation measures and easing shelter price growth indicate potential monetary policy adjustments.

Amazon to replace Walgreens in Dow Jones Industrial Average (Reuters)

Amazon (AMZN) is set to replace Walgreens Boots Alliance (WBA) in the Dow Jones Industrial Average, marking the first change since 2020 and reflecting Amazon's diverse presence across various sectors.

M&A DEAL OVERVIEW

General Atlantic Acquires Actis

General Atlantic's acquisition of Actis, creating a $96 billion combined asset under management (AUM) platform, aims to diversify investment platforms, particularly in sustainable infrastructure, while addressing the global shift towards sustainability, although risks such as aligning investment philosophies, navigating regulatory uncertainties, and managing potential clashes in corporate culture exist.

TECHNICAL QUESTION OF THE WEEK:

If a company is calculating WACC, would they use the company’s levered or unlevered beta in the CAPM formula?

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LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:

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AUTHOR

Written by Beckett Kreter