"THE CURRENT MERGER BOOM HAS CREATED MASSIVE FEES FOR INVESTMENT BANKS EVIDENCE SHOWS MANY AMERICANS HAVE LOST OUT"
I agree with Ms Kahn on this statement!
"TOO MANY INDUSTRIES ARE CONSOLIDATED OVERTIME. WE HAVE TO UNDERSTAND WHY AND THINK HOW OUR TOOLS CAN DO BETTER TO PREVENT THE PROBLEM FROM GETTING EVEN WORST. THAT'S WHY TODAY WE'RE LAUNCHING A CALL FOR PUBLIC COMMENT TO STRENGTHEN MERGER GUIDELINES"
-Jonathan Kanter
"OUR REVIEW WILL FOLLOW A RIGOROUS, THOUGHTFUL AND INCLUSIVE PROCESS. AFTER THIS INITIAL COMMENT PERIOD WE PLAN TO RELEASE A DRAFT OF THE UPDATED GUIDELINES AND SEEK FURTHER COMMENT BEFORE FINALIZING.
WE HOPE TO FINISH THIS YEAR BUT THERE IS A LOT OF WORK TO DO ALONG THE WAY."
"THE MERGER SURGE IS REAL. YOU DON'T HAVE THE NUMBER OF MERGER FILES MORE THAN DOUBLE WITHOUT AN ENORMOUS BURDEN ON THE WORK LOAD OF BOTH AGENCIES. WE CERTAINLY FEEL THAT."
$ATVI / $MSFT:
"Oops"
(timing could not have been worse)
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It isn’t every day that a piece of art, specifically digital art, sells for a lofty eight-figure sum.
Last spring, Everydays: The First 5000 Days, a digital work of art by digital artist Beeple, sold as an NFT for $69.3 million (paid for with 42,329 Ether).
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The $69.3 million price tag for Everydays registers on the list of most expensive artworks by living artists, establishing digital artist Beeple amongst legendary artists.
The fact that an NFT, or non-fungible token, sold for nearly $70 million had everyone asking…
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Advent breached the Forescout merger agreement and "The Court should not allow a private equity buyer to walk away from the binding deal it struck because it will no longer make a profit as quickly as it had hoped"
$FSCT 1/n
All deal conditions are satisfied.
Pandemic is explicitly carved-out as a potential MAE
1. Never go long a SPAC (aside from an arbitrage) 2. Never go long a merger deal that has a buyside vote 3. Never buy on new lows and never sell / short on new highs 4. Never short a story stock unless the story (and chart) has broken
5. Never ever get emotional about a stock 6. Never buy preferred shares (unless for an arb / liquidation) 7. Liquidations will always take twice as long and proceeds will be less than expected 8. Never sell a stock to "take profits". Why bench your best player, coach?
9. Never buy a stock based off a sell-side reco 10. The more complex the DCF, the worse the returns 11. Keep each short <2%. Life's too short (pun intended) to be constantly stressed af 12. No one knows anything. Even the best are wrong often.