JD Supra: Mergers

AUGUST 10, 2023

On July 31, 2023, the Committee on Foreign Investment in the United States (CFIUS or the “Committee”) released its Annual Report for 2022. Overall, the statistics indicate that CFIUS is taking more time to finish its review and more frequently taking action to address national security risk. Key highlights include the following.

Investment 130

Investment Securities IT 130

JD Supra: Mergers

JUNE 25, 2024

In January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in In re MultiPlan Corp. Stockholders Litigation that paved the way for SPAC stockholders to bring direct breach of fiduciary duty claims against SPAC boards and sponsors.

299

299

JD Supra: Mergers

MAY 18, 2023

Tech valuations fell through the second half 2022 and M&A in the sector shifted gears producing a rise in lower-value deals, particularly among private equity (PE) firms.

M&A 240

M&A Private Equity Valuation Equities 240

TechCrunch: M&A

SEPTEMBER 19, 2023

Tier had purchased Spin from Ford back in March 2022 to expand its presence in the U.S., Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. but Tier has struggled to maintain […]

Shares 284

Shares IT Mergers and Acquisitions Transportation 284

JD Supra: Mergers

MAY 24, 2024

No 2022-0666-KSJM, 2023 WL 7154477 (Del. On March 28, 2024, the Council of the Corporation Law Section of the Delaware State Bar Association (“DSBA”) issued proposed amendments to the Delaware General Corporation Law (“DGCL”), which, if signed into law, would become effective on August 1, 2024.

Mergers 280

Mergers Corporation 280

JD Supra: Mergers

MARCH 11, 2024

unveiled its ambitious plan to purchase VMware, a technology giant, in May 2022. In a historic announcement, Broadcom Inc.

IT 268

IT 268

TechCrunch: M&A

JANUARY 9, 2024

Sandbox AQ, the AI and quantum firm spun out of Google parent company Alphabet in 2022, has acquired Good Chemistry, a Vancouver-based quantum and computational chemistry startup, for an undisclosed sum.

Equities 252

Equities Investors 252

TechCrunch: M&A

OCTOBER 18, 2023

While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. Following this move, Founders Future now has two separate yet complementary businesses.

Equities 245

Equities Profitability Funds Business 245

JD Supra: Mergers

NOVEMBER 26, 2024

The SEC originally proposed the amendments on November 2, 2022. Securities and Exchange Commission (SEC) adopted amendments to certain registered investment companies (funds) reporting requirements. By: Troutman Pepper

Investment Manager 171

Investment Manager Investment Management Funds 171

JD Supra: Mergers

JANUARY 26, 2024

While the year saw an overall decline in M&A activity (down 17% from 2022), total pharmaceuticals and life sciences deal value in 2023 increased by approximately 50% compared to 2022. By: Cooley LLP

M&A 171

M&A Pharmaceutical Business 171

JD Supra: Mergers

JULY 24, 2024

of all Fortune 500 companies are incorporated in the Delaware, 79% of US-based IPOs in 2022 listed Delaware as their “corporate home,” and there were 313,650 total business entity formations in 2022 in Delaware. According to the latest statistics from Delaware’s Division of Corporations, 68.2%

Corporation 177

Corporation IPO Business 177

TechCrunch: M&A

OCTOBER 30, 2023

Broadcom announced its intention to buy VMware for $61 billion in May 2022. After clearing a number of regulatory hurdles, including the U.S., UK and European Union, it announced in August that the deal would close today.

IT 225

IT Mergers and Acquisitions Acquisitions Mergers 225

JD Supra: Mergers

DECEMBER 13, 2023

Continued volatility in the debt markets has resulted in another subdued year for M&A, with global deal value and volume down 33% and 18% respectively compared with 2022. By: Allen & Overy LLP

M&A 188

M&A Debt 188

JD Supra: Mergers

AUGUST 15, 2023

According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.” The healthcare sector is a prime target for data breaches.

Hospitality 235

Hospitality Healthcare Mergers Manufacturing 235

JD Supra: Mergers

FEBRUARY 29, 2024

Overall filing volume increased slightly in 2023 to 215 filings from 208 in 2022. The number of “core” filings—those excluding M&A filings—also increased slightly. The size of core filings when measured by Maximum Dollar Loss (MDL) rose 27%, but when measured by Disclosure Dollar Loss (DDL) fell 46%.1. By: Cornerstone Research

Securities 188

Securities M&A 188

JD Supra: Mergers

FEBRUARY 2, 2024

The report looks at enforcement from 2018 - 2022 and is a follow-up of the previous report which covered 2009 - 2017. By: Hogan Lovells

Pharmaceutical 192

Pharmaceutical 192

JD Supra: Mergers

NOVEMBER 13, 2023

Europe generated almost 40% of its electricity from renewable sources in 2022, and in the first half of 2023, renewable energy accounted for approximately 25% of electricity generation in the United States. By: Vinson & Elkins LLP

Accountant 205

Accountant IT 205

JD Supra: Mergers

FEBRUARY 5, 2024

Key takeaways are that: EU and Member State authorities imposed multiple material antitrust fines from 2018-2022, totalling approx. The European Commission (EC) has published its latest report on competition enforcement in medicines and medical products. EUR780 million. By: Allen & Overy LLP

Pharmaceutical 171

Pharmaceutical Medical IT 171

JD Supra: Mergers

JANUARY 26, 2024

The final rules follow the SEC’s issuance of proposed rules on March 30, 2022, and the receipt of 115 comments on such proposed rules. Securities and Exchange Commission (“SEC”) approved final rules relating to special purpose acquisition companies (“SPACs”). By: Vinson & Elkins LLP

Acquisitions 177

Acquisitions Securities 177

JD Supra: Mergers

MARCH 5, 2024

Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022.

Capital 192

Capital Investment Equities 192

JD Supra: Mergers

DECEMBER 19, 2024

2022-0344-JTL (Del. Hyde Park Venture Partners Fund III, L.P. FairXchange, LLC, C.A. July 30, 2024) - In this post-trial appraisal decision, the Court of Chancery determined the fair value of a privately-held startup corporation, and ultimately defaulted to the deal price as the least bad method. By: Morris James LLP

Corporation 152

Corporation Funds 152

JD Supra: Mergers

FEBRUARY 2, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases.

M&A 188

M&A Mergers and Acquisitions Mergers Acquisitions 188

JD Supra: Mergers

OCTOBER 23, 2023

2022/2560 (FSR) have started to apply, with wide-ranging implications for businesses operating in and with the EU. As of October 12, 2023, notification obligations under the European Union’s (EU’s) groundbreaking Foreign Subsidies Regulation No. By: Morgan Lewis

Business 183

Business 183

JD Supra: Mergers

DECEMBER 18, 2023

After a multiyear low in 2022, China’s cross-border M&A activity experienced a slow recovery in 2023. Although outbound M&A deal value and volume remained lackluster in the first half of 2023, the market overall rebounded in the second half. By: Skadden, Arps, Slate, Meagher & Flom LLP

M&A 192

M&A Trading 192

JD Supra: Mergers

SEPTEMBER 5, 2023

From 31 August 2022, members’ schemes of arrangement pursuant to section 86 of the Companies Act of the Cayman Islands are not subject to the ‘headcount test’ being met, bringing further certainty to the process.

Mergers 165

Mergers 165

JD Supra: Mergers

OCTOBER 24, 2024

Deal volumes increased, but the market remains considerably slower compared to the boom years of 2021 and 2022. The mergers and acquisitions (M&A) landscape in 2024 showed signs of recovery following the slump experienced in 2023. However, industry professionals remain cautiously optimistic.

M&A 183

M&A Mergers and Acquisitions Finance Finance 183

JD Supra: Mergers

DECEMBER 7, 2023

The government announced significant additional amendments to Canada’s Competition Act in late November 2023, building on those already under consideration by Parliament in Bill C-56 and others enacted in 2022.

Economics 197

Economics Government 197

JD Supra: Mergers

SEPTEMBER 25, 2023

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Fintech - Whilst many European start-ups have struggled to successfully execute funding rounds at valuation levels of yesteryear, more mature fintechs have pivoted to acquisitions and partnerships to fuel growth.

M&A 197

M&A IPO Financial Services Valuation 197

JD Supra: Mergers

JANUARY 25, 2024

In particular, it looks at how merger control has evolved since China’s main antitrust statute – the Anti-Monopoly Law – was amended for the first time in summer 2022. Looking back on the year 2023, this alert aims to give an update on the state of play in Chinese merger control.

Mergers 192

Mergers IT 192

JD Supra: Mergers

NOVEMBER 10, 2023

In February 2022, in SEC Shadow Trading Case Breaks Ground, we discussed Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”. By: Patterson Belknap Webb & Tyler LLP

Trading 171

Trading Securities 171

JD Supra: Mergers

APRIL 9, 2024

The economic environment has mostly stabilized following the inflationary shocks of 2021-2022, and a strong Q4 2023 suggests that M&A may be in line for a comeback in 2024. The following trends demonstrate why now is likely a great time to sell your business. By: Foley & Lardner LLP

Business 165

Business Economics M&A 165

JD Supra: Mergers

FEBRUARY 9, 2024

2022-0691-LWW (Del. Botha, et al., 30, 2023) - Here, Vice Chancellor Will awarded a $100,000 mootness fee for “material—and unremarkable—disclosures” following the recently heightened mootness fee standard announced in Anderson v. Magellan Health, Inc. analyzed here), authored by Chancellor McCormick. By: Morris James LLP

165

165

JD Supra: Mergers

SEPTEMBER 18, 2023

Activision”) in February 2022, enforcement agencies worldwide have adopted a spectrum of positions in response. Since the announcement of a proposed merger between Microsoft and Activision Blizzard, Inc.

Mergers 188

Mergers 188

JD Supra: Mergers

AUGUST 20, 2024

In our previous client alert, The Rise of the “Occasional Activist,” we discussed the increase in shareholder activism through 2022 by “occasional activists” – investors who are not funds dedicated to activist strategies or who do not regularly employ activist tactics, such as institutional investors and individuals, including company insiders.

Government 165

Government Corporation Investors Funds 165

JD Supra: Mergers

SEPTEMBER 27, 2024

In 2022, the volume of deals decreased by 7%, with 263 deals closed worth more. Since 1985, the sports industry has recorded 5,724 M&A transactions, amounting to $1.7 trillion, highlighting a sustained growth trajectory. However, fluctuations in deal activity have occurred in more recent years. By: Clark Hill PLC

M&A 183

M&A Mergers and Acquisitions Mergers Investors 183

JD Supra: Mergers

MARCH 19, 2024

From March 2022 to August 2023, the Federal Reserve increased interest rates at the fastest clip in more than 40 years, to break inflation that had reached the highest levels since. By: Proskauer - The Capital Commitment

Funds 188

Funds Capital Bank Banking 188

JD Supra: Mergers

JUNE 24, 2024

The Department of Defense assessed an average of about 40 defense-related mergers and acquisitions each year from 2018 to 2022, a small portion of the roughly 400 defense mergers estimated to occur annually, according to a report from the Government Accountability Office (GAO). By: Goodwin

Mergers 159

Mergers Mergers and Acquisitions Accountant Government 159