Tue.Oct 15, 2024

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FTC Finalizes Comprehensive Overhaul of Premerger Notification Requirements

JD Supra: Mergers

The Federal Trade Commission (FTC) finalized a comprehensive overhaul of the premerger notification program. Firms considering a merger or acquisition that meets the filing thresholds should prepare for a more onerous antitrust regulatory filing process, as well as increased scrutiny of their business operations, pipelines, and impacted labor markets.

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September-October Issue of Deal Lawyers Newsletter

Deal Lawyers

The September-October Issue of the Deal Lawyers newsletter was just sent to the printer. It is also available now online to members of DealLawyers.com who subscribe to the electronic format.

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Public Company Watch: October 2024

JD Supra: Mergers

In the October edition of our Public Company Watch, we cover key issues impacting public companies, including a recent SEC enforcement sweep, key takeaways stemming from the SEC’s recent adoption of EDGAR Next, two recent Delaware Court rulings regarding earnouts, and more.

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Scaling Cloud Network Infrastructure for the AI Era

Cisco: M&A

Generative AI applications are driving the demand for high-performance networking with AI/ML clusters in cloud provider environments. Cisco is introducing new 800G innovations to address these demands and improve outcomes.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Client Alert: FTC Finalizes Long-Anticipated Overhaul Of HSR Act Merger Rules And Filings

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (“FTC”), with the concurrence of the Antitrust Division of the U.S. Department of Justice (“DOJ”), adopted final rules overhauling the premerger notification form and filing instructions under the Hart-Scott-Rodino Improvements Act of 1976 (“HSR Act”). Following a robust public comment process, the long-awaited overhaul represents the first major re-write of the HSR filing form and instructions in the 48-year history of the HSR Act.

Mergers 182

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Inside the FTC’s Sweeping Overhaul of U.S. Antitrust Merger Filing Requirements

JD Supra: Mergers

The Federal Trade Commission (FTC), with the concurrence of the Department of Justice, has unanimously adopted sweeping changes to the Hart-Scott-Rodino Act (HSR) rules.

Mergers 185
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Election prediction markets are in a sprint to prove themselves as forecasting and investing tools

CNBC: Investing

Kalshi and Interactive Brokers are building out markets for the U.S. presidential race with three weeks to go before election day.

Broker 110
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FTC Finalizes Long-Awaited Rules that Will Substantially Increase the Scope and Detail of Premerger Antitrust Filings under Hart-Scott-Rodino Act

JD Supra: Mergers

The FTC has finalized significant changes to the information and level of detail that will be required in premerger antitrust filings under the HSR Act. The new rules will take effect in early 2025. Among other changes, the new rules will require merging parties to affirmatively identify any business overlaps or supply relationships between the parties, will increase the parties’ obligations to provide information about their minority investors, and will expand the categories of documents that.

Investors 172
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Agba Completes Merger With Triller

Global Newswire by Notified: M&A

NEW YORK, NY / LOS ANGELES, CA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited (Nasdaq: AGBA) (“AGBA”) today announced the completion of its previously announced merger (the “Merger”) with Triller Corp. (“Triller”).

Mergers 97
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Looking Ahead to 2025: Private Equity Risk and Insurance Trends

JD Supra: Mergers

In last year’s Looking Ahead Guide, we had predicted the 2024 deal landscape would improve over 2023 year-end results in terms of number of closed buyout transactions, transaction values, and exits. This seems to be the case, as we see initial signs of an improving landscape after a stronger Q2. According to EY’s Private Equity Pulse, Q2 2024 was the strongest quarter in two years, with 122 announced transactions at a valuation of $196 billion total enterprise value.

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Cisco Is a Five-Time Leader in the 2024 Gartner® Magic Quadrant™ for SD-WAN

Cisco: M&A

For a fifth consecutive year, Gartner has recognized Cisco as a Leader in SD-WAN security and performance—we feel the heart of platform-level secure networking.

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Syndicated DDTLs: New territory for acquisition lines?

JD Supra: Mergers

We are increasingly seeing requests for a committed acquisition/capex facility – often referred to as a Delayed Draw Term Loan (DDTL) – to be included as part of the initial capital structure on European syndicated leveraged loans.

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Data centers will prolong coal demand, benefiting these miners, Moody’s says

CNBC: Investing

Coal producers in central and southern Appalachia stand to benefit the most due to their proximity to the world's largest data center market in Virginia.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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FTC and DOJ Issue Final Changes to HSR Premerger Notification Form

JD Supra: Mergers

Fifteen months ago, the FTC and DOJ proposed a radical expansion of the information required to be provided to the antitrust agencies by merging parties as part of a premerger notification filing under the Hart-Scott-Rodino (HSR) Act. On October 10, 2024, the FTC and DOJ finally issued the Final Rule (Final Rule: Premerger Notification; Reporting and Waiting Requirements | Federal Trade Commission (ftc.

Trading 167
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Washington Post C.E.O. Elevates Deal-Making to a Top Priority

The New York Times: Mergers, Acquisitions and Dive

Will Lewis has said he has a mandate from the paper’s owner, Jeff Bezos, to grow the business, including through acquisitions.

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US Federal Trade Commission Issues Final Rules on HSR Pre-Merger Reporting

JD Supra: Mergers

More than a year after the US Federal Trade Commission (FTC) first proposed far-reaching changes to Hart-Scott-Rodino Act (HSR) pre-merger notification rules, the FTC—via a unanimous and therefore bipartisan vote of its commissioners—issued on October 10, 2024 a new final set of HSR Rules along with a new HSR form. The Antitrust Division of the US Department of Justice announced its concurrence with the final HSR Rules on the same day.

Mergers 167
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Supercharge Your AI Data Center Infrastructure with New Cisco Nexus 9000 Series Switches

Cisco: M&A

Powered by Cisco Silicon One G200 technology and capable of delivering high-density 800G fabrics, Cisco Nexus 9000 Series Switches are engineered to meet the demands of next-generation leaf-and-spine… Read more on Cisco Blogs

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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DOJ and FTC Release Final Rule Expanding HSR Premerger Filing Requirements

JD Supra: Mergers

The Federal Trade Commission ("FTC") unanimously issued a final rule expanding the requirements of premerger filings under the Hart-Scott-Rodino Antitrust Improvements ("HSR") Act of 1976. The HSR Act requires parties to certain mergers and acquisitions to make premerger notification filings with U.S. Department of Justice ("DOJ") and FTC, and to observe statutory waiting periods, prior to consummating their transaction.

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Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earnings

CNBC: Investing

Megacap tech has powered the two-year bull market. But the stocks have come under pressure as Wall Street wonders whether they have more room to run.

Stock 81
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New Premerger Notification Regime to Fundamentally Change M&A Strategy

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (FTC) voted 5-0 to issue new final rules (Rules) governing the US premerger notification filing process. These Rules – the first major overhaul to the Hart-Scott-Rodino (HSR) filing form in the nearly 50-year history of the HSR Act – will fundamentally alter the premerger notification process. While the Rules omit some of the more extreme aspects proposed in the 2023 draft rules, such as the need to provide draft documents and labor data, they.

M&A 167
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This under-the-radar oil producer is a buy and can rally more than 34%, TD Cowen says

CNBC: Investing

Investors should take hold of SM Energy ahead of its earnings report, according to TD Cowen.

Investors 104
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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FTC Unveils Sweeping Modifications to HSR Merger Notification Form

JD Supra: Mergers

The Federal Trade Commission’s (FTC) Final Rule mandates the adoption of new, expanded Hart-Scott-Rodino (HSR) forms and the creation of a public comment portal for pending transactions. The new HSR forms will become effective 90 days after the Final Rule is published in the Federal Register.

Mergers 167
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Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.

The New York Times: Banking

Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.

Bank 87
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The FTC Adopts New Premerger Notification Rules Implementing the Hart-Scott-Rodino (HSR) Act

JD Supra: Mergers

The wait is over! On October 10th, the Federal Trade Commission (FTC) unanimously approved the first significant revisions to the Hart-Scott-Rodino (HSR) Act premerger notification regime since its inception over 40 years ago. The Antitrust Division of the U.S. Department of Justice (“DOJ”) also endorsed the new rules (“Final Rule”). The Final Rule will not only substantially increase the complexity of filings and the time required to prepare them, but also the burden and costs borne by.

Trading 167
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Profits Leap at Goldman Sachs as Banks See Steady Economy

The New York Times: Banking

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

Bank 90
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Finalized HSR Rules to Significantly Burden Merging Parties

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (FTC), with the concurrence of the Department of Justice (DOJ), released its final rules to the Premerger Notification and Report form under the Hart-Scott-Rodino (HSR) Act. Although pared back from the original proposal from June 2023, the new rules will add significant burdens to parties whose transactions are subject to the reporting rules of the HSR Act.

Trading 167
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World Government Bond Index to include Tradeweb FTSE benchmark closing prices

The TRADE

FTSE Russell will make a price source change to include Tradeweb FTSE benchmark closing prices for US Treasuries, European government bonds and UK gilts in FTSE’s global fixed income indices, including its World Government Bond Index (WGBI). Lisa Schirf Launched 40 years ago, The WGBI measures the performance of fixed-rate, local currency, investment-grade bonds and comprises sovereign debt from over 25 countries, denominated in a variety of currencies.

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FTC Adopts Major Changes to HSR Merger Notification Form

JD Supra: Mergers

Effective mid-January 2025, the FTC’s new HSR notification process will significantly increase the burden and cost of filing M&A notifications under the HSR Act. On October 10, 2024, the US Federal Trade Commission (FTC) approved new requirements for reporting qualifying M&A transactions to the FTC and US Department of Justice (DOJ) under the Hart-Scott-Rodino (HSR) Act (the HSR rules).

Mergers 167