Tue.Oct 01, 2024

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California Pharmacies Put on Notice: California’s Pharmacy Transaction Notice Requirement

JD Supra: Mergers

As of January 1, 2025, parties to transactions involving pharmacies located in California may also need to file a written notice with the California Attorney General. Assembly Bill 853 (AB 853), codified at Part 14 to Division 3 of Title 1 of the California Corporations Code, requires parties to certain transactions involving retail grocery firms or retail drug firms (each as defined by AB 853) to file a notice with the California Attorney General 180 days in advance of the effective date of the

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U.S. Raises New Concerns Over Chinese Lending Practices

The New York Times: Banking

A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.

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FTC Withdraws From MOU on Interagency Cooperation in Labor Review of M&A Deals

JD Supra: Mergers

The Federal Trade Commission (FTC) has announced it will withdraw from the Memorandum of Understanding on Labor Issues in Merger Investigations one month after it entered into the MOU with three other agencies. The Aug. 28, 2024, MOU outlined cooperation in investigating the possible effects that mergers and acquisitions deals may have on labor markets.

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Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

CNBC: Investing

After 16 years leading the brokerage firm, Bettinger will be replaced by an internal CEO hire.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Sector trends - September 2024: Brokers / Corporate Finance

JD Supra: Mergers

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Brokers / Corporate Finance - Mid-market investment banks consolidate at the fastest rate yet—Panmure Gordon & Liberum, Redburn (Europe) & Atlantic Equities and Cenkos Securities & FinnCap Group mergers reshape the City skyline. Current market: Promising M&A activity levels.

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The Value of Tech Due Diligence in Services Firms

Beyond M&A

It’s Not About the Tech, It’s About Alignment Many investors ask, “What’s the value in technology due diligence?” The truth is, it’s not really about the tech. Sure, we can find efficiencies, much like Gordon Ramsay refines dishes for struggling restaurants, but technology usually works. What doesn’t work are people, budgets, strategy, and implementation plans.

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Wednesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

Stocks had a tough start to October and the fourth quarter, posting losses on Tuesday. Here's what CNBC is watching going into Wednesday.

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Mergers & Acquisitions: When Two Companies Tie the Knot, Who's Responsible for the Visas?

JD Supra: Mergers

At A Glance - When an organization undergoes a major corporate change, such as a merger or acquisition, there may be immigration consequences for both the organization and foreign workers, depending on the nature of the corporate transaction and the type of visa or immigration status the foreign worker holds.

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This is the key group of stocks to watch if the port strike drags on this month

CNBC: Investing

Wolfe Research found that transportation stocks fell during the last major U.S. port strike, but bounced back strongly afterward.

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Governor Newsom Vetoes AB 3129, Addressing Private Equity in California Health Care Transactions

JD Supra: Mergers

On Saturday, September 28th, Governor Newsom vetoed AB 3129, which would have required pre-closing notice to and, in some instances, approval by the California Attorney General for a wide range of private equity health care transactions in California. In his veto message, Newsom addressed the recently established Office of Health Care Affordability (“OHCA”), and its pre-closing notice and review requirements that went into effect earlier this year.

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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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SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades

The TRADE

The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019. The watchdog also charged the bank with “failing to supervise” the head of its US Treasuries trading desk who allegedly made “hundreds” of illegal trades over that period.

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UK Government Taking Longer With FDI Reviews, but Clearance Rates Higher

JD Supra: Mergers

The Situation: On September 10, 2024, the UK government published the third National Security and Investment Act 2021 Annual Report ("2023/2024 Annual Report"), revealing longer processing times for foreign direct investment ("FDI") reviews, but lower rates of Phase 2 call-ins and conditions being imposed.

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Yields on cash are cooling. Here are a few alternatives for your short-term dollars

CNBC: Investing

Money market fund yields are on the decline, but there are still a few ways to boost interest income on idle cash.

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Revised Schedule 13g Filing Deadlines Effective as of September 30, 2024 – What You Need to Know

JD Supra: Mergers

On October 10, 2023, the SEC adopted amendments to the rules governing beneficial ownership reporting on Schedules 13D and 13G. While compliance with the amendments to the rules governing beneficial ownership reporting on Schedule 13D went into effect on February 5, 2024, compliance with the revised Schedule 13G filing deadlines set forth below are effective on September 30, 2024.

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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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M&A Advisor Names Align a 2024 “Consulting Firm of the Year” Finalist

Align Business Advisory Services

On September 30, 2024, The M&A Advisor announced the finalists for the 23rd Annual M&A Advisor Awards, recognizing excellence across the industry. Align Business Advisory Services has been named a finalist in the prestigious “Consulting Firm of the Year” category. Align Business Advisory Services is well-known for providing a suite of business advisory services to.

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Governor Vetoes California Assembly Bill 3129, Regulating Private Equity- and Hedge Fund-backed Healthcare Transactions

JD Supra: Mergers

On Saturday, September 28, California Governor Gavin Newsom vetoed Assembly Bill 3129.

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Tuesday's analyst calls: Ford Motor gets an upgrade, Alphabet to rally nearly 30%

CNBC: Investing

A legacy automaker and a tech giant were among the stocks being talked about by analysts on Tuesday.

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California Governor Vetoes Bill Imposing New Requirements for Private Equity in Healthcare Transactions

JD Supra: Mergers

On September 28, 2024, California Governor Gavin Newsom vetoed California Assembly Bill 3129 (the Bill). The Bill, if enacted, would have imposed new notice and consent requirements for private equity investors involved in healthcare transactions.

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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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Some steady names with income to ride out what's often a tumultuous October

CNBC: Investing

Stocks broke with historical trends to end September higher, but October could be an especially volatile month.

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Private Equity Investments in Germany - The Human Capital Aspect

JD Supra: Mergers

INTRODUCTION TO HR RISKS IN PE INVESTMENTS - Private equity (PE) investments in Germany present unique challenges and opportunities, particularly from a human resources (HR) perspective. The intricacies of German employment, benefits, and labour relations laws necessitate careful consideration of various HR-related aspects to manage risks and optimize deal value.

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Morgan Stanley believes shares of this airline are cheap and due for 50% comeback

CNBC: Investing

Latam Airlines has made significant improvements to its business since filing for bankruptcy and offers 'unparalleled connectivity,' Morgan Stanley said.

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UK Corporate Briefing - October 2024

JD Supra: Mergers

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss.

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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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FCPA Enforcement: Diligence and Integration Takeaways

Deal Lawyers

In mid-September, the SEC announced settled charges against Deere & Co. for allegedly violating the books, records & internal controls provisions of the FCPA. Deere consented to SEC’s cease and desist order and agreed to pay disgorgement and prejudgment interest totaling approximately $5.4 million and a civil penalty of $4.5 million.

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California Gov. Vetoes Bill Seeking to Regulate Private Equity Healthcare Transactions

JD Supra: Mergers

On Saturday, September 28, California Gov. Gavin Newsom vetoed a controversial bill that would have restricted private equity and hedge fund healthcare transactions in the state.

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From security to AI: factors that are driving industrial networking investment

Cisco: M&A

An analyst report highlights a surge in industrial networking investment, driven by the need for better cybersecurity, IT/OT integration, and AI readiness.

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California Governor Gives Private Equity and Hedge Funds a Reprieve From Attorney General Approval of Health Care Transactions

JD Supra: Mergers

On September 28, California Governor Gavin Newsom vetoed Assembly Bill (AB) 3129. The proposed law sought to regulate health care transactions involving private equity and hedge funds. The veto avoids overlapping and potentially contradictory regulatory oversight by California’s attorney general and Office of Health Care Affordability (OHCA).

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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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How Payment Solutions Can Help CFOs Overcome Economic Challenges

Cisco: M&A

IT payment solutions offer an alternative source of capital that will not impact a customer’s existing credit lines.

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Healthcare & Life Sciences Private Equity Deal Tracker: Waud Acquires Science Exchange

JD Supra: Mergers

Waud Capital Partners (WCP) has announced the acquisition of Science Exchange.

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The Art and Science of CX Success

Cisco: M&A

Review a few of the latest customer and partner success stories as part of CX Day!

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Barclays details plans to revamp investment banking returns

Financial Times - Banking

Co-heads of British lender’s investment banking arm seek to reduce reliance on debt underwriting

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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?