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- First Step to Final Offer (05/14/24)
First Step to Final Offer (05/14/24)
Brooks Gammill
May 14, 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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CAREER OPPORTUNITIES
Class of 2026
Summer 2025 Applications
Santander Summer 2025 Analyst Role [REPOSTED] - Link Here
Fifth Third Bank Summer 2025 Analyst Role [NEW] - Link Here
Morgan Stanley 2025 Investment Management Summer Analyst - Fixed Income - Link Here
Nomura Summer 2025 Analyst Roles [REPOSTED] - Link Here
Citadel Securities Trading Fundamental Analyst - Link Here
Deloitte Corporate Finance - IB Summer 2025 analyst [REPOSTED] - Link Here
Loop Capital Summer 2025 Analyst Postions - Link Here
Stifel Financial Corp Summer 2025 Analyst Roles - Link Here
Bracebridge Capital, LLC Summer 2025 Analyst Role - Link Here
Citi Summer Summer 2025 Analyst Roles [REPOSTED] - Link Here
StepStone Group Summer 2025 PE Analyst - Link Here
Guggenheim Summer 2025 Applications [REPOSTED] - Link Here
Oppenheimer Summer 2025 Applications - Link Here
Abdiel Capital Summer 2025 Application - Link Here
Solomon Partners Summer 2025 Applications - Link Here
Long Ridge Summer 2025 Application - Link Here
D.E. Shaw Summer 2025 Application - Link Here
Bank of America Summer 2025 Applications - Link Here
Point72 Summer 2025 Application - Link Here
JMI Equity Summer 2025 Application - Link Here
J.P. Morgan Summer 2025 Application- Link Here
Class of 2027
MARKET NEWS
GameStop Shares Surge Following Roaring Kitty's Post
GameStop (GME) saw a significant jump in its stock price after Keith Gill, known as "Roaring Kitty," posted online for the first time in over a year. Gill played a pivotal role in the original GameStop meme stock frenzy in early 2021, and his return has reignited interest among retail investors. This surge highlights the ongoing influence of social media and individual traders on stock market movements, despite broader market trends
(CNBC)
OpenAI Unveils New AI Model and Desktop Version of ChatGPT
OpenAI has announced the launch of a new AI model along with a desktop version of ChatGPT, marking a significant advancement in artificial intelligence technology. The new model promises enhanced capabilities and improved performance, aiming to cater to a broader range of applications. This development underscores the rapid pace of innovation in the AI sector and its potential to revolutionize various industries, from customer service to content creation. (CNBC)
NYSE President Predicts Increased U.S. IPO Activity
Lynn Martin, President of the New York Stock Exchange (NYSE), anticipates a rise in U.S. initial public offerings (IPOs) in the coming months. Despite a challenging macroeconomic environment, Martin is optimistic about the pipeline of companies preparing to go public. This outlook suggests a potential resurgence in market activity and investor interest in new public listings, driven by improving economic conditions and investor sentiment. (Yahoo)
M&A DEAL OVERVIEW
Sony and Apollo make formal $26-billion joint bid for Paramount
Sony Pictures Entertainment and Apollo Global Management have placed a $26-billion all-cash bid to acquire Paramount Global, with Sony aiming for a majority stake and Apollo as a minority shareholder. This offer, seen as a bold move in the intensifying battle for the major media company, does not anticipate regulatory approval issues despite potential FCC rules impacting broadcast TV station ownership. This development comes as Paramount is also considering a revised offer from David Ellison's Skydance Media, further complicating the acquisition landscape.
TECHNICAL QUESTION OF THE WEEK:
How does an increase in interest rates typically affect the valuation of a company? |
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:
Correct Answer - Depends on the interest rate of the debt compared to the earnings of the stock.