Wed.Oct 23, 2024

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Countdown to 2025: New HSR Premerger Disclosure Rules

JD Supra: Mergers

The Federal Trade Commission (“FTC” or the “Commission”) has announced a final rule (the “Final Rule”) significantly expanding the premerger notification and reporting requirements under the Hart‑Scott‑Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The changes do not impact the scope of transactions that are subject to reporting, but will dramatically expand the disclosure requirements with respect to HSR filings.

Trading 200
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Specific Performance: Lessons From Recent Delaware Decisions

Deal Lawyers

A recent Cooley blog reviews Delaware case law addressing specific performance and draws some conclusions from those decisions about the circumstances under which a Delaware court is – and is not – likely to order specific performance of a merger agreement. Here’s an excerpt with the key takeaways: – Control what is in your hands.

Mergers 113
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How New Delaware Amendments Impact Stockholder, Merger Agreements

JD Supra: Mergers

Over the summer, Delaware enacted a number of amendments to the General Corporation Law of the State of Delaware (the “DGCL”). The amendments were largely crafted in response to several recent decisions by the Delaware Chancery Court (the “Court”) that the transactional bar had concerns over.

Mergers 182
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Baird downgrades McDonald's after E. coli outbreak

CNBC: Investing

It's time to move to the sidelines on shares of McDonald's as the company grapples with an E. coli outbreak tied to some of its U.S. restaurants, Baird said.

Shares 114
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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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Plan in Advance: Deferred Revenue Tax Considerations in M&A Transactions

JD Supra: Mergers

Our Federal Tax Group discusses the tax treatment of deferred revenue or advance payments in M&A transactions. The tax treatment of deferred revenue differs from the treatment for financial accounting purposes.

M&A 177

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DOD Crystalizes CMMC 2.0 Program Rule - UPDATED October 22, 2024.

JD Supra: Mergers

WHAT: On October 15, 2024, the U.S. Department of Defense (DOD) published the final CMMC 2.0 Program rule. DOD’s final rule outlines the mechanisms that DOD will use to prescribe cybersecurity standards for safeguarding federal contract information (FCI) and controlled unclassified information (CUI), and to confirm that covered defense contractors and subcontractors have implemented the security requirements before award of covered contracts and are maintaining those safeguards during contract.

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Costco could add 4 million members from crackdown akin to Netflix, says Morgan Stanley

CNBC: Investing

Costco could follow in the footsteps of the media streaming giant and crack down on membership sharing, according to the investment bank.

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The New UK Government, Industrial Strategy and the National Security and Investment Act

JD Supra: Mergers

At a meeting of business leaders and global investors in London in mid-October, Prime Minister Sir Keir Starmer told the audience that his government would "rip up" Britain's bureaucracy in a bid to unlock the "shock and awe of investment." A month prior, Sir Keir's government published its National Security and Investment Act 2021 (NSI Act) Report for the period 1 April 2023 to 31 March 2024 (Report) of scrutiny and intervention in proposed investments in or acquisitions of British companies or

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G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

The New York Times: Banking

The economic lifeline is expected to be disbursed by the end of the year.

Economics 143
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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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HSR Final Rules and Forms Substantially Revised — Considerations Ahead of the Anticipated January Effective Date

JD Supra: Mergers

When the Federal Trade Commission (FTC) — with the concurrence of the Antitrust Division of the Department of Justice (DOJ) — published the Notice of Proposed Rulemaking to revise the rules for premerger notification under the Hart-Scott-Rodino Act in June 2023 (the NPRM), it sent shock waves through the business and legal communities that are regulars in the HSR filing process (read our July 2023 client alert).

Trading 167
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Thursday's big stock stories: What's likely to move the market in the next trading session

CNBC: Investing

The 30-stock Dow suffered its worst decline in more than a month on Wednesday, and it extended its losing run to a third day.

Stock 109
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Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry

The New York Times: Banking

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.

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McDonald's analysts are hoping outbreak resembles Wendy's and isn't more troubling like Chipotle

CNBC: Investing

Some analysts see the stock's decline as a buying opportunity, while others have moved to the sidelines following the news.

Stock 106
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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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How Cisco is Using Apple Vision Pro to Create the Next Evolution of Spatial Collaboration

Cisco: M&A

Cisco has always had an obsession of putting the user experience at the center of everything we do. Today marks another step in this evolution with Cisco Spatial Meetings for Apple Vision Pro. It takes a concept we call “Distance Zero” to the next level using spatial computing.

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Watch Ripple CEO Brad Garlinghouse speak live on legal battle with SEC and upcoming election

CNBC: Investing

Ripple CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon.

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The 9 best card readers for UK small businesses

Growth Business

By Henry Williams on Growth Business - Your gateway to entrepreneurial success As your business grows, so do your needs for a reliable, scalable, and cost-effective card reader. With the increase in customer volume, transactions, and revenue, finding the right payment solution can help you stay efficient, keep fees manageable, and maintain great customer experiences.

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Watch live as CFTC Chairman Rostin Behnam speaks at DC Fintech Week

CNBC: Investing

The chairman of the Commodities Futures Trading Commission will speak in Washington, D.C. on Wednesday.

Trading 106
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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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Canadian Net REIT Announces the Acquisition of a Grocery Store Property in Nova Scotia

Global Newswire by Notified: M&A

MONTRÉAL, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Canadian Net Real Estate Investment Trust (“ Canadian Net ” or the “ Trust ”) (TSX-V: NET.UN) is pleased to announce the acquisition of a grocery store property operated under the Sobeys banner in Truro, Nova Scotia. The total consideration paid was $9,000,000 (excluding transaction costs) and was settled in cash.

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Defensive stocks offer solid dividend yields. Bank of America likes these names

CNBC: Investing

The Wall Street bank called out a few buy-rated energy pipeline operators.

Bank 100
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Panopto Adds Generative AI Text-to-Video Creation Capabilities Through Its Acquisition of Elai

Global Newswire by Notified: M&A

Authentic custom avatars, verified voice cloning and guided storyboard scriptwriting facilitate cost-effective, scalable and accessible video training and learning Authentic custom avatars, verified voice cloning and guided storyboard scriptwriting facilitate cost-effective, scalable and accessible video training and learning

IT 64
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I’m Out of Work. Can I Take a Job in a Predatory Industry?

The New York Times: Banking

The magazine’s Ethicist columnist on what to do when your financial needs conflict with your scruples.

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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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UK watchdog formally investigates Carlsberg’s £3.3bn takeover of Britvic

The Guardian: Mergers & Acquisitions

CMA sets 18 December deadline for initial review as it considers whether deal could reduce competition The UK’s competition watchdog has launched a formal investigation into the £3.3bn takeover of the UK soft drinks maker Britvic by the Danish brewer Carlsberg. The Competition and Markets Authority (CMA) has set the deadline of 18 December for the first phase of its investigation into the deal.

IT 64
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In-house algorithmic execution platforms are the way forward

The TRADE

What role could algos play in levelling up the front-office tech stack? Algorithms, especially when developed and managed internally, can significantly enhance the front-office tech stack. They reduce costs, lower market impact, and increase execution transparency. While the primary perception is that algorithms help investors execute orders efficiently, there’s much more to it.

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Frasers Group criticises management of Mulberry after ditching takeover plans

The Guardian: Mergers & Acquisitions

Mike Ashley’s retail group says it ‘remains concerned about governance’ at luxury brand after final bid rejected Mike Ashley’s Frasers Group has criticised the management of Mulberry as it walked away from its attempts to take over the luxury handbag maker after a series of rejected offers. Frasers, which is Mulberry’s second-largest shareholder with a 37% stake, had made several offers for the fashion brand, culminating in a £111m bid this week, all of which have been rebuffed.

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Watch out. These companies reporting next week could see earnings blow-ups

CNBC: Investing

CNBC Pro screened for companies in the S&P 500 with quarterly results out next week whose shares could suffer after analysts lowered earnings estimates.

S&P 59
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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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OpenAI hires ex-White House official as chief economist

Global Banking & Finance

(Reuters) – ChatGPT parent OpenAI has tapped former White House official Aaron Chatterji as its first chief economist to lead research on AI’s impact on the economy, the startup at the center of the generative artificial intelligence frenzy said on Tuesday.

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FOCUS Telecom Business Services Quarterly: Fall 2024 Report

Focus Investment Banking

OVERVIEW The FOCUS Telecom Business Services Index (TBSI) returned to positive territory this reporting period with a three-month gain of 7.7%. This outperformed both the 5.5% gain in the S&P 500 and the 2.6% gain in the NASDAQ.This period’s gain also brought the year-over-year return for the TBSI to a level that is almost on par with the broader indices.

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Banking in 2035: How emerging technologies will transform the way we bank

Global Banking & Finance

By John Da Gama-Rose, Head of Banking & Financial Services for Global Growth Markets at Cognizant / Nageswar Cherukupalli, Senior Vice President, Head of Banking & Financial Services, Americas, Cognizant The year is 2035. You wake up and check your finances through a voice-activated digital assistant, who appears as a hologram of Elvis.

Bank 52