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☆ The Charter-Disney will shape distribution contracts going forward, says Guggenheim's Michael Morris
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Charter-Disney will shape distribution contracts going forward, says Guggenheim's Michael MorrisMichael Morris, Guggenheim Securities entertainment and media analyst, joins 'Squawk on the Street' to discuss the ongoing dispute between Disney and Charter Communications, media valuation multiples trading at a discount as pressure from strikes mount.

Persons: Guggenheim's Michael Morris Michael Morris Organizations: Disney, Guggenheim Securities, Charter Communications

☆ Wells Fargo cuts price target on Disney. Here's what the pros say to do next
▼ + stars: | 2023-09-05 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo cuts price target on Disney. Here's what the pros say to do nextJim Cramer, Rich Greenfield of LightShed Partners, Michael Morris of Guggenheim Securities and Joe Terranova of Virtus Investment Partners discussed Disney after Wells Fargo cut its price target on the stock to $110 from $146 but is keeping its 'overweight' rating.

Persons: Jim Cramer, Rich Greenfield, Michael Morris, Joe Terranova, Wells Organizations: Disney, LightShed Partners, Guggenheim Securities, Virtus Investment Partners

☆ No company connects with the consumer better than Nike, says Guggenheim's Bob Drbul
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo company connects with the consumer better than Nike, says Guggenheim's Bob DrbulBob Drbul, Guggenheim Securities retail analyst, joins 'Squawk on the Street' to discuss why Drbul's sticking with his price target for Nike, why there's been weakness in Nike stock, and Drbul's issues with Foot Locker.

Persons: Bob Drbul Bob Drbul, Locker Organizations: Nike, Guggenheim Securities

☆ Hawaiian Electric engages with Guggenheim after Maui wildfire scrutiny
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Aug 22 (Reuters) - Hawaiian Electric Industries (HE.N) said on Tuesday it was seeking advice from boutique advisory firm Guggenheim Securities, after questions were raised over the utility's role in the Maui wildfires. "We are seeking advice from various experts as we position HEI and Hawaiian Electric to be the strong, financially healthy local utility that the people of Maui and Hawai‘i need over the long term," the company said. Shares of Hawaiian Electric, which were down 2.4% at the open, reversed course, and were up 1.3% at $13.21 in afternoon trading. Fitch on Monday downgraded Hawaiian Electric's credit rating to junk status, becoming the third ratings agency to flag risks associated with the utility's potential exposure to liabilities related to the wildfire. Fitch said potential liabilities could be above $3.8 billion, which represents an "existential threat" to the company.

Persons: HEI, Fitch, Arunima Kumar, Arshreet Singh, Krishna Chandra Organizations: Hawaiian Electric Industries, Guggenheim Securities, Electric, Thomson Locations: Maui, Hawaii's, Honolulu, Lahaina . Fitch, Bengaluru

Many wildfires in the United States occur when poles owned by utilities or other structures carrying power lines are blown down, or when branches or other objects land on power lines and cause them to produce high-energy flashes of electricity that can start fires. Image Nearly a week after the wildfire tore through Lahaina, state and local officials have not determined a cause for the blaze. Like most other utilities, Hawaiian Electric operates under the scrutiny of public commissioners who have to approve its spending plans. Power lines have caused catastrophic wildfires in California in recent years, prompting lawsuits that have led to multibillion-dollar payouts by the state’s utilities. Hawaiian Electric in a regulatory filing last year detailed measures aimed at reducing the risk of its equipment causing fires.

Persons: Hurricane Dora, “, ”, James Frantz, Frantz, There’s, Max Whittaker, Shahriar Pourreza, Shelee Kimura, ” Ms, Kimura, Pourreza, Michael Wara, Philip Cheung, Bob Marshall, Jim Kelly, Ken Pimlott, Anne Lopez, Mr, Wara, Kellen Browning, John Keefe, Susan C, Beachy, Alain Delaquérière Organizations: Wildfire, National Weather Service, Frantz Law, Hawaiian Electric, The New York Times, Guggenheim Securities, Maui Electric, Pacific Gas, Pacific Gas and Electric, Federal Emergency Management Agency, Pacific Disaster Center, Stanford University, The New York Times Lightning, Western, NASA, Whisker Labs, Labs, California Department of Forestry, Stanford, U.S . Energy Information Administration Locations: Lahaina, West Maui, Maui, California, United States, Northern California, Paradise, Hawaii, Western United States, Maui County, Germantown, Md, San Francisco

☆ How the founder of The Daily Upside used the lessons he learned as a media banker to build a profitable newsletter company
▼ + stars: | 2023-08-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Patrick Trousdale's The Daily Upside newsletter for investors just hit 1 million subscribers. It's an example of how a media company can be profitable in a jittery time for the industry. As an investment banker at Guggenheim Partners in the last decade, Patrick Trousdale had the chance to observe the media industry up close. "You have sizzle before the steak at times with digital media," Trousdale, 33, told Insider. Patrick Trousdale.

Persons: Patrick Trousdale's, Patrick Trousdale, Trousdale, Trousdale forgoing, Puck, Graydon Carter's, Nat Rubio, Leah McGrath Goodman, Goodman, John Keeling, —, " Keeling, Patrick Boyle, Substack, Keeling, there's Organizations: Guggenheim, Guggenheim Partners, Guggenheim Securities, Vice Media, Morning, Financial Times, Apple, Plaid, Business Development, Air Mail, Facebook, Google Locations: Puck

☆ How a Guggenheim banker-turned-newsletter publisher is building the anti-Vice, profitably
▼ + stars: | 2023-07-31 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

☆ Watch CNBC's full Bear vs. Bull panel on Tesla
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full Bear vs. Bull panel on TeslaTom Narayan, RBC, and Ron Jewsikow, Guggenheim Securities, join 'Closing Bell Overtime' to talk the bear and bull case for Tesla after the EV maker reported earnings.

Persons: Tesla Tom Narayan, Ron Jewsikow, Tesla Organizations: RBC, Guggenheim Securities

☆ Tesla is feeling the impact of price cuts when it comes to gross margins: Guggenheim's Ron Jewsikow
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is feeling the impact of price cuts when it comes to gross margins: Guggenheim's Ron JewsikowTom Narayan, RBC, and Ron Jewsikow, Guggenheim Securities, join 'Closing Bell Overtime' to talk the bear and bull case for Tesla after the EV maker reported earnings.

Persons: Tesla, Ron Jewsikow Tom Narayan, Ron Jewsikow Organizations: RBC, Guggenheim Securities

☆ I feel very comfortable with the next 12 months for Nike stock, says Guggenheim's Bob Drbul
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI feel very comfortable with the next 12 months for Nike stock, says Guggenheim's Bob DrbulBob Drbul, Guggenheim Securities, joins 'Squawk on the Street' to discuss Nike's quarterly earnings results, whether the company will reach its long-term targets, and much more.

Persons: Bob Drbul Bob Drbul Organizations: Nike, Guggenheim Securities

☆ Disney is playing the long game in business structure, says Guggenheim's Michael Morris
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney is playing the long game in business structure, says Guggenheim's Michael MorrisMichael Morris, Guggenheim Securities, joins 'Squawk on the Street' to discuss Morris' reaction to Disney's decision to scrap its new campus plans, Morris' expectations to the company's cost-cutting efforts and how the decline of linear networks will impact Disney's business.

The deal talks went down to the wire, according to two sources familiar with the situation. Four bidders, including JPMorgan, made it to the final rounds of the auction on Sunday night, one of the sources said. The final deal, announced around 3:30 a.m., cements Dimon's reputation as one of Wall Street's most powerful bankers. JPMorgan started a process internally, which looked at various options for First Republic, including an acquisition, according to a source familiar with the matter. The auction dragged out through the night as the FDIC's advisors examined each bid on its merits, a source familiar with the matter said.

NEW YORK, April 30 (Reuters) - PNC Financial Services Group (PNC.N) and JPMorgan Chase & Co (JPM.N) were among banks set to submit final bids for First Republic Bank (FRC.N) by midday Sunday in an auction being run by U.S. regulators, sources familiar with the matter said. Citizens Financial Group Inc (CFG.N) was another bidder in the final phase of the process, according to one of the sources familiar with the matter. Guggenheim Securities is advising the FDIC, two sources familiar with the matter said on Saturday. Citizens Financial Group Inc (CFG.N) was another bidder vying for the bank, according to sources familiar with the matter on Saturday. But fearing further bank runs, regulators took the exceptional step of insuring all deposits at both Silicon Valley Bank and Signature.

Guggenheim Securities is advising the U.S. Federal Deposit Insurance Corp (FDIC) on the sale process, two sources familiar with the matter said. The process kicked off this week after First Republic, which got swept up in a banking crisis last month, failed to come up with a deal without government help, three of the sources familiar with the situation said. A deal for First Republic would come less then two months after Silicon Valley Bank and Signature Bank failed amid a deposit flight from U.S. lenders, forcing the Federal Reserve to step in with emergency measures to calm markets. A sale would bring to an end a weeks-long effort by First Republic to survive the market rout. When that deal failed to stabilize First Republic, the lender, known best for its rich clientele, tried to find other private-sector solutions.

☆ Guggenheim lures Greenhill's dealmakers to expand into Europe, sources say
▼ + stars: | 2023-04-20 | by ( Andres Gonzalez | ) www.reuters.com time to read: +1 min

LONDON, April 20 (Reuters) - U.S. investment bank Guggenheim Securities will begin its European expansion by hiring four senior bankers from Greenhill, three sources familiar with the matter told Reuters. Guggenheim already had a small group of bankers covering European deals, one of the sources said. The Wall Street bank has snapped up Greenhill & Co.'s telecoms and digital infrastructure team, led by Jonathan Dann and Pieter-Jan Bouten, the sources said on condition of anonymity. Investment bankers Charlie Evans and Achille Del Pizzo will also move to Guggenheim, where the team will begin in May. Guggenheim, which according to Refinitiv ranked 39th among global M&A advisers in 2022, in the first quarter advised on Pfizer Inc.'s $43 billion deal to acquire Seagen Inc.

The panelists seemed significantly more confident about the demographic profile used during the GSK study in comparison to Pfizer's (PFE.N) RSV vaccine, which was recommended by the FDA panel on Tuesday. Pfizer and GSK are running a tight race to tap into the RSV vaccine market, which is estimated to be over $5 billion and could exceed $10 billion by 2030, according to analysts. There is currently no approved vaccine to prevent lower respiratory tract disease caused by RSV in older adults, which causes death of 14,000 adults aged 65 and older annually in the United States. In October, late-stage data of GSK's RSV vaccine showed it to be 82.6% effective in preventing lower respiratory tract disease in people aged 60 and over, while Pfizer's vaccine was 66.7% effective. If approved, we estimate peak sales for GSK vaccine to be about $2.8 billion globally, said Evan Wang, Guggenheim Securities analyst, ahead of the panel vote.

☆ Watch CNBC's full interview with Eric Mandl on the state of tech M&A
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Eric Mandl on the state of tech M&AEric Mandl, Guggenheim Securities Senior Managing Director joins 'TechCheck' to discuss tech M&A and the future of software.

☆ Water tech firm Xylem to buy Evoqua in $6.42 bln deal in industrial market push
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - Xylem Inc (XYL.N) said on Monday it would acquire Evoqua Water Technologies Corp (AQUA.N) in an all-stock deal valued at $6.42 billion, boosting its wastewater treatment solutions and providing it access to several industrial markets. Evoqua stockholders will receive 0.480 share of water technology company Xylem for each share held, representing a premium of about 29% based on the shares last close. Xylem, which manufactures equipment used in water and wastewater applications, in 2016 acquired Sensus USA Inc, a provider of advanced metering technologies to utilities. Pittsburgh, Pennsylvania-based Evoqua operates in more than 150 locations across nine countries and provides wastewater treatment solutions to industrial, municipal and recreational customers. After the deal closes, the combined company will be led by Xylem’s president and chief executive officer, Patrick Decker.

☆ The EV industry is getting its first recession stress test. Will it be a bust?
▼ + stars: | 2023-01-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. But optimists like Wedbush analyst Dan Ives think it's the right, aggressive move to jumpstart the EV transition amid macro uncertainty. "There's no stress test for a severe recession for an industry that's in its infancy." The outlook from China, home to more than half of the world's EV sales, according to Clean Technica, is at least as murky. Tesla's 2023 world is like Amazon and eBay's 2000A recession, if it happens, doesn't necessarily mean EV sales will fall.

Dec 20 (Reuters) - Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their production, providing a funding avenue for producers and owners as traditional sources become more expensive or simply dry up. With banks pressured by stakeholders to restrict loans to the oil and gas sector over its environmental impact, private energy producers - more reliant on bank lines than listed peers - are able to maintain access to outside finance through this niche product. While the first rated PDP securitization was completed in September 2019 by Raisa Energy, volatile commodity prices and a wave of producer bankruptcies in 2020 stymied its initial application. The investment bank helped arrange, among others, a $750 million ABS sold by Jonah Energy in October - currently the largest PDP securitization completed. GROWING APPEALAs well as financing day-to-day operations, private equity firms that own energy producers are exploring using PDP securitizations as an investor pay-day.

☆ The biggest media targets and buyers in 2023, as speculation swirls around Disney's next move under CEO Bob Iger and how Warner Bros. Discovery can shed debt
▼ + stars: | 2022-12-19 | by ( Lucia Moses | Claire Atkinson | Reed Alexander | ) www.businessinsider.com time to read: +12 min

Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.

☆ From Apple and Disney to Warner Bros. Discovery, here's the 2023 media deal outlook for Hollywood's biggest companies, according to 13 bankers and industry experts
▼ + stars: | 2022-12-06 | by ( Lucia Moses | Claire Atkinson | Reed Alexander | ) www.businessinsider.com time to read: +12 min

☆ 4 auto experts share their takeaways from 3rd-quarter woes at Rivian, Lucid, and Canoo — and what they expect for the end of 2022
▼ + stars: | 2022-11-10 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +7 min

The electric-vehicle startups Rivian, Lucid, and Canoo released third-quarter results this week. Rivian and Lucid each made progress toward their production goals for the year and steadily increased customer deliveries. Canoo has yet to make any production vehicles. After it closed the gap in the second quarter, Rivian's pace of deliveries again fell behind production by 779 vehicles. Lucid underwent some changes in the third quarter following a rough second quarter.

☆ Cybersecurity firm KnowBe4 to go private in $4.6 bln deal with Vista Equity Partners
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - KnowBe4 Inc (KNBE.O) on Wednesday agreed to go private in a sweetened $4.6 billion deal with Vista Equity Partners, the latest cybersecurity firm to be snapped up by private equity in this year's market downturn. Private equity firms have been scooping up technology companies whose shares have taken a beating this year from worries over rising interest rates and an economic slowdown. The KnowBe4 deal, expected to close in the first half of 2023, will be financed through a mix of debt and equity financing. Morgan Stanley & Co LLC was serving as financial advisor to KnowBe4's special committee and Guggenheim Securities LLC was financial advisor for Vista. Register now for FREE unlimited access to Reuters.com RegisterReporting by Savyata Mishra in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ The clean aspect of Denbury is a big attraction, says Guggenheim's Laghari
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe clean aspect of Denbury is a big attraction, says Guggenheim's LaghariMuhammad Laghari, Guggenheim Securities senior managing director, joins 'The Exchange' to discuss if Laghari is surprised that Exxon may try to acquire Denbury, how companies can grow their production, and which companies look good today.

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