Wed.Jun 05, 2024

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SAP to acquire digital adoption platform WalkMe for $1.5B

TechCrunch: M&A

SAP sees WalkMe's focus on automating contextual, in-app support as bringing value to its own enterprise customers. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 343
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Navigating Culture in Mergers and Acquisitions: A Strategic Approach

JD Supra: Mergers

Mergers and Acquisitions (M&A) are often perceived as primarily financial transactions. However, the real success of these endeavors usually hinges on a less tangible but equally crucial factor: organizational culture. In the landscape of M&A, the traditional focus on financial synergies and operational efficiencies can overshadow the importance of cultural alignment.

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Time is on my Side

H. Friedman Search

For all of us old rockers, this title may ring a bell. And for those too young to remember Mick Jagger and The Rolling Stones, this is one of their most well-known songs and I’ll bet you’ve heard it referenced somewhere. My wife and I recently had the pleasure of watching this 78-year-old rocker strut his stuff on stage in Seattle. He had all of us old geezers on our feet and moving like we were teenagers again.

Finance 184
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Wiley Consumer Protection Download (June 4, 2024)

JD Supra: Mergers

Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap select enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas.

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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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U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI

The New York Times: Mergers, Acquisitions and Dive

The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.

Trading 144

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M&A Disclosure: Del. Chancery Says Materiality Standard Doesn’t Vary

Deal Lawyers

Last week, in Firefighters’ Pension System v. Foundation Building Materials, (Del. Ch.; 5/31), the Chancery Court addressed a variety of claims arising out of the 2020 sale of Foundation Building Materials to a private equity firm.

M&A 113
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Say What You Mean and Mean What You Say: Chancery Court Confirms Arbitration Award Requiring Seller to Pay Buyer $87 Million for the Acquisition of the Seller's Business

JD Supra: Mergers

In a recent order, the Delaware Court of Chancery “reluctantly” confirmed an arbitrator’s award arising from a post-closing purchase price adjustment dispute between a seller of a chain of grocery stores and a private equity buyer, resulting in the bizarre result of the seller owing the buyer approximately $87 million for the acquisition of those stores.

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. Designed to rival the likes of incumbent exchanges Nasdaq and NYSE in the US, Texas Stock Exchange (TXSE) has raised $120 million from around a dozen investors including BlackRock and Citadel Securities in a funding round closed in May.

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New Developments in French Competition Law Pose Risk of Ex-Post Challenge to Non-Notifiable Transactions

JD Supra: Mergers

In a significant development for French merger control, on May 2, 2024 the French Competition Authority applied the jurisprudence laid down in the recent Towercast case to an alleged anti-competitive agreement matter in the meat-cutting sector.

Mergers 167
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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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Cboe Digital president departs for IEX new markets role

The TRADE

IEX Group has appointed John Palmer to lead its new markets segment as the business looks to drive expansion into new areas and grow its product suite. In the new role, Palmer will be tasked with leveraging IEX’s core system and technology to develop new markets, said the firm. Speaking to his appointment, Palmer said: “IEX is renowned for its innovation and unique approach to addressing customer challenges.

Trading 110
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Africa represents new frontier for tech dealmakers

JD Supra: Mergers

The continent’s growing population is producing a wealth of investment opportunities as demand for digital services ramps up - The technology, media and telecommunications (TMT) sector has been a major driver of Africa’s dealmaking since the pandemic, posting the highest aggregate value across all sectors on the continent over the past three years.

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Kendell James: The importance of algo selection in achieving best execution

The TRADE

What should be prioritised when it comes to algo selection? The are several key things I look for as it pertains to algo selection, first would be market access. Access to liquidity is key, algos that have access to the bulk of venues, exchanges and pools that we can have our orders exposed to is critical for optimal pricing. Second, would be historical benchmark slippage, as we target various benchmarks in our execution, staying in-line or outperforming the given benchmark is very advantageous

Broker 105
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The PIPEline’s Heating Up: Recent Trends in PIPE Transactions

JD Supra: Mergers

The PIPE market has proven to be resilient during times of stress. In 2023, issuers raised over $33.8 billion in 809 PIPE transactions according to PrivateRaise. This is considerably less than in 2021 during which issuers raised over $108.8 billion. However, PIPE transaction activity has accelerated during the first five months of 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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Detroit Nonprofit CFO Accused of Stealing $40 Million

The New York Times: Banking

Prosecutors said the financial chief of the Detroit Riverfront Conservancy used the group’s funds for personal purchases from Louis Vuitton and a diamond dealer.

Funds 124
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Key Takeaways: 2023 ABA Private Target Mergers & Acquisitions Deal Points Study

JD Supra: Mergers

The Private Target Mergers & Acquisitions Deal Points Study (“the Study”) is published on a bi-annual basis by the Market Trends Subcommittee of the ABA Business Law Section’s M&A Committee, which I am happy to serve on. The Study looks at several areas of negotiation, including financial terms, pervasive qualifiers, representations and warranties, covenants, closing conditions, indemnification provisions, and representations and warranties insurance.

Mergers 161
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Ron Baron says he can't put a top on how much money Tesla will make him because of robotics future

CNBC: Investing

Ron Baron, longtime Tesla champion, believes the electric vehicle's robotics business will be hugely profitable and it's not yet priced in the stock.

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Mistake: Sometimes all it takes is one letter.

JD Supra: Mergers

The Court of Appeal has found that an alleged typo in a warranty and indemnity insurance policy did not amount to an obvious mistake. As a result, the insurance did not cover the claimed breach of warranty.

Insurance 161
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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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Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a 'six-month thing' as rates fall

CNBC: Investing

Barry Sternlicht defended his decision to put a cap on how much money investors could pull from his real estate fund.

Funds 128
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UPMC/Washington Health System Merger Agreement Limits Non-Competes

JD Supra: Mergers

The Press has announced that the Merger Agreement between UPMC and Washington Health System was approved by the Pennsylvania Attorney General with certain conditions, one of which was that UPMC would honor existing employment contracts and not impose restrictive covenants or non-compete agreements more restrictive than those that currently exist. By: Tucker Arensberg, P.C.

Mergers 161
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Chargeback Guide

Razorpay

What is a Chargeback? In simple words, chargeback is a dispute against a particular transaction raised by the cardholder (end-user), and reported to their card issuing bank. A chargeback is a provision by banks and card networks such as Visa & MasterCard to protect buyers from unauthorized or fraudulent payments. Once the cardholder files a complaint, the bank reports the same to Razorpay and initiates an investigative procedure.

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Treasury Proposes Enhancing CFIUS Enforcement Authority

JD Supra: Mergers

On April 11, 2024, the U.S. Department of the Treasury announced a notice of proposed rulemaking that would expand the enforcement authority of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”). If implemented, the proposal’s main impact will be to empower the Committee in its engagement with transaction parties before, during, and after the Committee’s review of a transaction.

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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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Dollar Tree Explores Sale of Family Dollar

The New York Times: Mergers, Acquisitions and Dive

Family Dollar has struggled with its operations in recent years, and Dollar Tree said in March that it would close nearly 1,000 of the stores.

Sale 105
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HCPE Insights: Operational Integration

JD Supra: Mergers

Successful integration is key in order to maintain value in healthcare investments, according to experts who spoke on a panel at the 20th Annual Healthcare and Life Sciences Private Equity & Finance Conference in Chicago on May 8th and 9th. Because healthcare service businesses are driven by people, a clear, communicated integration plan is essential to establishing trust amongst providers and making providers feel supported post-transaction.

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Collectors Line Up in London as King Charles Bank Notes Are Released

The New York Times: Banking

A steady stream of people lined up at the Bank of England on Wednesday to get what they hoped would be collector’s items: the first bank notes featuring the portrait of King Charles III.

Bank 107
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Hedge fund manager Eric Jackson says Nvidia is still cheap, likes this other AI beneficiary

CNBC: Investing

EMJ Capital's Eric Jackson says Nvidia is cheap and he believes there isn't an artificial intelligence bubble in sight.

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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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Bringing the Cisco AppDynamics + Splunk Better Together story to Cisco Live

Cisco: M&A

In three months since the Splunk acquisition, Cisco and Splunk have been hard at work with new use cases and integrations. Find out what's being announced at Cisco Live US 2024.

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With Big Tech’s runaway 2024, it just might be time to part with a few winners. Here's why

CNBC: Investing

Big Tech's dominance is likely showing up in your portfolio, and that can throw your asset mix and risk profile out of whack.

Portfolio 108
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Considering ESOP: Sharing the Dream

Align Business Advisory Services

Exit Planning: Knowing When It’s Time to Sell Your Lower Middle Market Company (Part 2) Employee Ownership: Sharing the Dream In the previous blog, we explored the challenges of passing a business to your children. Another common exit strategy for entrepreneurs is to empower their employees through an Employee Stock Ownership Plan (ESOP) or. Read More » The post Considering ESOP: Sharing the Dream appeared first on Align BA.

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