Financial law

Bloomberg Launches Market-Driven Daily Credit Risk Indicator

Tuesday, July 27, 2021 - 1:00pm

NEW YORK, July 27, 2021 /PRNewswire/ -- Bloomberg today announced its Market-Implied Probability of Default (MIPD) product, a fully market-driven creditworthiness indicator, is now available to both Enterprise Data and Bloomberg Terminal clients globally.

Key Points: 
  • NEW YORK, July 27, 2021 /PRNewswire/ -- Bloomberg today announced its Market-Implied Probability of Default (MIPD) product, a fully market-driven creditworthiness indicator, is now available to both Enterprise Data and Bloomberg Terminal clients globally.
  • MIPD enables clients to easily incorporate creditworthiness metrics within their existing workflows for a more holistic approach to credit risk management.
  • MIPD provides clients with a highly responsive, transparent, daily credit risk assessment that incorporates data from BVAL, Bloomberg's best-in-class evaluated pricing service, to proactively estimate fixed income market sentiment and quickly react to changing market and issuer-level conditions.
  • This solution helps anticipate credit deterioration such as major rating downgrades and defaults ahead of traditional credit analysis, allowing clients to confidently make risk and investment decisions.

Form 8.3 - The Vanguard Group, Inc.: UDG Healthcare plc

Tuesday, July 27, 2021 - 2:31am

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Tuesday, July 27, 2021 - 2:30am

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Tuesday, July 27, 2021 - 2:30am

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO

CAPSTEAD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDLA and Encourages Investors to Contact the Firm

Monday, July 26, 2021 - 7:26pm

On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.

Key Points: 
  • On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.
  • Bragar Eagel & Squire is concerned that Capsteads board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Capsteads stockholders.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

MEDALLIA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDLA and Encourages Investors to Contact the Firm

Monday, July 26, 2021 - 7:23pm

On July 26, 2021, Medallia announced that it had entered into an agreement to be acquired by Thoma Bravo in a deal valued at approximately $6.4 billion.

Key Points: 
  • On July 26, 2021, Medallia announced that it had entered into an agreement to be acquired by Thoma Bravo in a deal valued at approximately $6.4 billion.
  • Pursuant to the merger agreement, Medallia stockholders will receive $34 in cash for each share of Medallia common stock owned.
  • Bragar Eagel & Squire is concerned that Medallias board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

DSG Global, Inc. Updates Financing Strategy to Support Sales Growth Initiatives

Monday, July 26, 2021 - 1:45pm

The Company and its Board of Directors will delay the reverse split and instead seek to strengthen the Companys cash flow and balance sheet.

Key Points: 
  • The Company and its Board of Directors will delay the reverse split and instead seek to strengthen the Companys cash flow and balance sheet.
  • The Company is in negotiations to secure available debt (rather than equity) financing to bolster expansion, increase inventory and accelerate sales.
  • With all the positive developments and strong growth in sales we are currently experiencing, our Board and management decided that securing debt financing and deferring a reverse split are favorable actions we can currently undertake.
  • DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest growing market sectors.

DSG Global, Inc. Updates Financing Strategy to Support Sales Growth Initiatives

Monday, July 26, 2021 - 1:30pm

The Company and its Board of Directors will delay the reverse split and instead seek to strengthen the Companys cash flow and balance sheet.

Key Points: 
  • The Company and its Board of Directors will delay the reverse split and instead seek to strengthen the Companys cash flow and balance sheet.
  • The Company is in negotiations to secure available debt (rather than equity) financing to bolster expansion, increase inventory and accelerate sales.
  • With all the positive developments and strong growth in sales we are currently experiencing, our Board and management decided that securing debt financing and deferring a reverse split are favorable actions we can currently undertake.
  • DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest growing market sectors.

EIOPA consults on the approach to the supervision of run-off undertakings

Saturday, July 24, 2021 - 8:00am

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a consultation on the supervisory statement regarding the supervision of run-off undertakings.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) issued today a consultation on the supervisory statement regarding the supervision of run-off undertakings.
  • The aim of the supervisory statement is to ensure that a high-quality and convergent supervision is applied to run-off undertakings or portfolios that are subject to Solvency II regulation.
  • Acquisition of run-off portfolios and run-off undertakings by other insurance undertakings is increasing and is attracting interest from specialised investment entities such as private equity.
  • The supervision of run-off undertakings is particularly challenging because of the specific risk profile of such undertakings e.g.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Saturday, July 24, 2021 - 2:10am

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO