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- First Step to Final Offer (04/02/24)
First Step to Final Offer (04/02/24)
Brooks Gammill
April 02, 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!
CAREER OPPORTUNITIES
Class of 2026
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MARKET NEWS
Global IPO revival lags first quarter share sales as markets rally (Reuters)
Global equity capital markets saw a strong start in 2024 with $143.9 billion in stock sales in Q1, the best in three years, but IPO activity lagged behind previous years at $22.4 billion. However, bankers anticipate increased IPOs in the coming months, fueled by interest rate cuts and investor enthusiasm, with notable upcoming deals including those from CVC Capital Partners, Golden Goose, and Rubrik, while block trades in Europe are expected to keep bankers occupied.
S&P affirms United States 'AA+/A-1+' sovereign ratings on economic resilience (Reuters)
On March 27, S&P reaffirmed its "AA+" long-term and "A-1+" short-term unsolicited sovereign credit ratings for the U.S., maintaining a 'stable' outlook on the long-term rating. S&P cited factors such as the country's diversified and resilient economy, solid growth, extensive monetary policy flexibility, and its status as the issuer of the world's leading reserve currency as key underpinnings for the rating.
Egan-Jones backs activist Peltz for Disney's board as proxy battle rages (Reuters)
Egan-Jones, the second proxy advisory firm, has backed Nelson Peltz's push for board seats at Walt Disney in a contentious proxy battle. Trian Group announced Egan-Jones' recommendation for shareholders to vote for changes in Disney's board composition, adding to the momentum of Peltz's campaign.
M&A DEAL OVERVIEW
VIAVI Solutions’ Acquires Spirent Communications for £1.0 bn
VIAVI Solutions has finalized the acquisition of Spirent Communications for approximately £1.005 billion ($1.277 billion), aiming to consolidate their positions in the test, assurance, and security solutions market, particularly for emerging technologies like 5G and 6G. This strategic merger is anticipated to yield significant operational synergies, bolstering product innovation and market expansion while navigating potential integration challenges and regulatory complexities.
TECHNICAL QUESTION OF THE WEEK:
If I were stranded on a desert island, only had 1 statement and I wanted to review the overall health of a company – which statement would I use and why? |
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:
Correct Answer - Cash
AUTHOR
Written by Beckett Kreter