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AKRON, Ohio (AP) — The eight Ohio police officers who fired scores of shots that killed Jayland Walker, a 25-year-old Black man, after a car and foot chase last year are back on active duty, officials said. Michael Miller, in a statement, cited a state investigation and an Ohio grand jury's decision against indicting any officers in the June 2022 shooting death of Walker. Some of the officers first used Tasers to try and stop Walker, but he reached toward his waistband and raised a hand as officers were chasing, Yost said. The officers, whose identities haven’t been released, were put on leave following the shooting and then reinstated to desk duty in October 2022. Attorneys for the eight officers released a statement earlier calling the shooting a tragedy for the entire community, including Walker’s family and all of the officers who were involved.

Persons: Jayland Walker, Akron Capt, Michael Miller, Walker, ” Miller, Bobby DiCello, WKYC, Dave Yost, Yost, Steve Mylett, Anthony Pierson, ” Pierson Organizations: Ohio, ” Police, Summit Locations: AKRON , Ohio, Akron, Ohio

☆ Nasdaq expects expanded markets to justify $10.5 bln Adenza merger price tag
▼ + stars: | 2023-06-22 | by ( John Mccrank | ) www.reuters.com time to read: +5 min

By one metric, Nasdaq paid around what Thoma Bravo spent on creating Adenza through the merger of two software firms, the sources familiar with the deal said. Nasdaq also hopes to cut overlapping costs, which would boost profitability and make the deal look cheaper, one of the sources said. With Adenza, Nasdaq's recurring revenues, which investors like for their predictability, will comprise around 77% of overall revenues, up from 71%. A director at one of Nasdaq's largest shareholders, whose firm supports the Adenza deal, said there were few good companies left that could be synergistic to Nasdaq. One of the sources said once Nasdaq also cuts out costs, the multiple will be closer to the mid-20s.

Persons: Thoma, Adena, Thoma Bravo, Friedman, Rosenblatt, Andrew Bond, Adena's, she's, Bond, Morningstar, Michael Miller, pushback, Adenza, Verafin, John McCrank, Paritosh Bansal, David Gregorio Our Organizations: YORK, Nasdaq, Thoma Bravo, Adenza, Rosenblatt Securities, BBB, Adenza's, Thomson Locations: United States, Europe, Adenza

☆ Bookforum Is Returning, Months After Its Closure Was Mourned in the Literary World
▼ + stars: | 2023-06-22 | by ( Kate Dwyer | ) www.nytimes.com time to read: +1 min

Bookforum, a literary criticism magazine that closed in December to great uproar in the literary world, will be back in print in August with a new publishing partner: The Nation. Bookforum’s relaunch, announced on Thursday, marks a return to form, said Bhaskar Sunkara, president of The Nation, who initiated talks in the spring. Bookforum will remain a quarterly print publication with the same branding and aesthetic, helmed by the staff at the time of its closure, he added. “The economics of a relaunch seemed feasible, especially if it was supported by the infrastructure of an existing publication.”The Bookforum team said they are confident that The Nation is the right partner. “Bhaskar himself has worked on a number of magazines, and The Nation has been around since 1865.”

Persons: Bhaskar Sunkara, “, ”, Sunkara, ” Michael Miller, “ Bhaskar Organizations: The, Jacobin

Adenza was created in 2021 when Thoma Bravo merged Calypso Technologies with AxiomSL and is expected to generate about $590 million in revenue this year. As part of the Adenza deal, Thoma Bravo will get a 14.9% stake in Nasdaq, making the private equity firm one of the company's biggest shareholders. Nasdaq said buying Adenza is expected to increase the medium-term organic revenue growth outlook for its Solutions Businesses, which designs and develops financial software for investors, from 7%-10% to 8%-11%. Goldman Sachs & Co and J.P. Morgan Securities are financial advisers to Nasdaq, while Qatalyst Partners is lead financial advisor to Thoma Bravo and Adenza. Wachtell, Lipton, Rosen & Katz is serving as legal adviser to Nasdaq, while Kirkland & Ellis is serving as legal adviser to Thoma Bravo and Adenza.

Persons: Thoma, Adena Friedman, Morningstar, Michael Miller, Friedman, Adenza, Andrew Bond, Holden Spaht, Thoma Bravo's Spaht, Goldman Sachs, Wachtell, Lipton, Katz, Ellis, Manya Saini, Anirban Sen, John McCrank, David French, Milana, Michelle Price, Sruthi Shankar, Nivedita Bhattacharjee, Nick Zieminski, Lisa Shumaker Organizations: Thoma Bravo, Nasdaq Nasdaq, Nasdaq, Calypso Technologies, REUTERS, OMX, International Securities Exchange, Rosenblatt Securities, Solutions, Goldman Sachs & Co, Morgan Securities, Qatalyst, Rosen, Kirkland, Adenza, Thomson Locations: New York City, U.S, Adenza, Bengaluru, New York, Washington

☆ Crypto Company Circle Focuses on Growth After Canceled SPAC Merger
▼ + stars: | 2023-02-22 | by ( Mark Maurer | ) www.wsj.com time to read: +6 min

Circle is still hiring even as many crypto companies are laying off staff and some have filed for bankruptcy following the run on the stablecoin TerraUSD last spring. The crypto company had been preparing to go public via a merger with a special-purpose acquisition company, a move to access the capital market, enhance its transparency and further expand operations internationally. A SPAC typically has as long as two years to find its merger partner, clear the SEC’s review process and complete the deal. Circle, which was founded in 2013, intends to make another bid to go public, though likely not this year, Mr. Fox-Geen said. Circle in 2021 said that Poloniex LLC, its discontinued crypto exchange business, paid $10.4 million to settle a case brought by the SEC.

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