☕ Suisse deal
Good morning. Like Keisha's top hit, Credit Suisse looks to be going down with its rival and nemesis UBS agreeing to acquire them for $2bn.
☕ Ah, push it
Good morning. The footy tipping competition is underway with a prize pool of $2750. Shoutout to Matt de Boer, who threw in a couple of free tickets to a game as an additional prize which will be awarded to the tipper leading halfway through the comp!
☕ GFC Mk II
Good morning. GFC Mk II may be afoot after Credit Suisse collapsed to an all-time low overnight. The lost 25%+ of its value after its largest shareholder said it wouldn't add to its investment. Plus, their chairmen declined to comment on whether they would need government assistance. Its bonds are trading at distressed levels.
☕ Cool billy
Good morning. Solid interest in the AFL tipping competition, with the prize pool already a juicy $1.4k and still growing. Not long to go until the season kicks off, so if you're keen to get in on the action, you can join here!
☕ Footy tipping
Good morning. Shout out to Alliance Advisors for the M&A conference giveaway, and congrats to the winners Lazar Krstić from Hitch Advisory and Jamie Barnett from EY!
☕ Who's to blame?
Good morning. We ran a Linkedin poll on who's to blame for the SVB implosion and while it's no surprise to see most say it's SVB's fault, about a quarter of folks think it's the VC/startups to blame 😬
☕ Activist reports
Good morning. It's pretty rare to see activist short sellers on the ASX, but they had a field day yesterday with one dropping a report on Santos and another on Piedmont Lithium. Links to reports in the Quick Sync below — the Santos report is particularly clinical 👌.
☕ Final days
Good morning. It's the final couple of days to enter the Alliance Advisors M&A giveaway! The tickets are worth a few $000 so make sure to enter below.
☕ ACCC
Good morning. Appreciate all the notes re: yesterday's news. And thanks to those who pointed out that the ACCC may consider the LOI x Aussie Corporate merger as substantially lessening competition in the hilarious finance news sector. We have engaged counsel and are prepared to fight this.
☕ Media merger
Good morning. We teased it out yesterday, but here's the news... LOI is joining our funnier, more anonymous corporate cousin, The Aussie Corporate.