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- ☕ Last season
☕ Last season
Good morning. To commemorate the latest season of Succession premiering, here's a fan-favourite YouTube parody... it's Succession but as a rom-com starring Tom and Greg.
Good morning. To celebrate the latest (and last) season of Succession premiering last night, here's a fan-favourite YouTube parody... it's Succession but as a rom-com starring Tom and Greg.
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ps. if this was forwarded to you, you can sign up for LOI at letterofintent.com.au
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MARKET MOVERS
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*Stock data as of the market close. Commodities and crypto data in USD.
Market news: Despite rumours that Potentia and Tyro are potentia(lly) looking to get a deal done around $1.70/sh, its share price barely moved yesterday.
Tyro last knocked back a $1.60/sh before they opened up the dataroom to Potentia, so they're going to need to juice the bid at least a little to get support for the bid.
A $1.70/sh bid would mean there's 17% of upside left in Tyro's current share price.
THE QUICK SYNC
Latitude confirms details of 14 million consumers stolen. (SMH)
Russian ransomware hackers Cl0p send Crown ransom demand. (Australian)
Banking Meltdown: Where the financial risk lies, in 12 charts (WSJ)
First Citizens to buy large chunk of failed Silicon Valley Bank. (CNBC)
Watch: Emmanuel Macron removes luxury watch during pensions interview. (YT)
Jack Ma returns to China as the government tries to quell private sector fears. (RT)
Explainer: How did live rounds get onto the set of Alec Baldwin's 'Rust'? (RT)
TRADING FLOOR
M&A:
InVivo, a KKR-backed company, is expected to launch a $1.3bn buyout for UnitedMalt. (The Australian)
Origin Energy’s suitors Brookfield and MidOcean Energy, have signed the binding deed for their $18bn deal. (AFR)
Credit Suisse and Bank of Montreal to run an auction for Khoemacau Copper Mining with Sandfire, a potential buyer. (AFR)
InvoCare declared a $1.8bn buyout proposal from TPG isn’t high enough. (AFR | BNA)
Entain has been confirmed as the preferred bidder to buy the commercial rights of TAB NZ in a $NZ1bn-plus ($930m) deal. (The Australian)
Cyara, a VC-backed Aussie startup, has acquired Irish communications testing company, Spearline in a deal worth up to US$100m. (AFR)
Capital Markets:
VC:
Cauldron, a precision fermentation startup, raises a A$10.5m round backed by Horizons Ventures and Main Sequence. (AFR)
Lumiant, a financial advice fintech, has raised $5m in a Seed round. (StartupDaily)
Others:
Antipodes picks up Magellan’s Vihari Ross as a portfolio manager. (AFR)
TOGETHER WITH ARCHIE ROSE
Founded in 2014 and located in Sydney, Australia – just a few kilometres south of the city – Archie Rose Distilling Co. is Australia’s most highly awarded distillery.
With conviction, Archie Rose strives to redefine Australia’s rich tradition in distilling by producing a diverse range of whiskies, including the award-winning
Rye Malt Whisky awarded the World’s Best Rye Whisky at the World Whiskies Awards in London and the
Single Malt Whisky, seven times awarded Australia’s Best Whisky.
Archie Rose also releases a range of limited-edition whiskies under the Trials & Exceptions and Harvest Whisky labels.
THE WATERCOOLER
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THE TRADE
Strategy & Corporate Development Manager — OFX (Learn More)
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