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- First Step to Final Offer (04/16/24)
First Step to Final Offer (04/16/24)
Brooks Gammill
April 16, 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
Huge debt costs mean climate spending could make emerging nations insolvent (Reuters)
Emerging nations are burdened with a record $400 billion in external debt payments, hindering their ability to invest in climate adaptation and sustainable development without risking default within five years. Urgent action is recommended, including debt forgiveness and increased affordable finance, to address this crisis and advance climate and development objectives.
Fed's reverse repo facility plummets to lowest level in nearly three years (Reuters)
The Federal Reserve's reverse repo facility experienced a significant drop in inflows, reaching its lowest level since May 2021, as it received $327.1 billion on Monday, down $80.2 billion from Friday. This decline reflects ongoing liquidity withdrawal by the Fed, impacting short-term rates and influenced by key dates like the U.S. tax return deadline and Treasury debt auctions.
Loss of engine cover on Southwest Boeing 737-800 prompts FAA investigation (Reuters)
An engine cover on a Southwest Airlines Boeing 737-800 fell off during takeoff in Denver, striking the wing flap and prompting an investigation by the Federal Aviation Administration (FAA). The flight, bound for Houston Hobby airport, safely returned to Denver International Airport with no injuries reported, and Southwest maintenance teams are reviewing the aircraft, which entered service in June 2015. The incident comes amid ongoing scrutiny of Boeing aircraft, with the FAA investigating other recent engine issues on Southwest's fleet of Boeing planes.
M&A DEAL OVERVIEW
VIAVI Solutions’Acquires Spirent Communications for £1.0 bn
The strategic agreement between VIAVI Solutions and Spirent Communications, valued at approximately £1,005 million ($1,277 million), aims to merge their complementary technologies to create a global leader in networking solutions. The acquisition's strategic rationale lies in the consolidation of VIAVI and Spirent's expertise to capitalize on emerging opportunities in critical infrastructure, such as 5G and 6G, while expanding market reach and driving innovation.
TECHNICAL QUESTION OF THE WEEK:
Assuming a 30% tax rate, walk me through 3 statements with a $120 decrease in depreciation. Your change in assets will be: |
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:
Correct Answer - Precedent Transactions Model
AUTHOR
Written by Beckett Kreter