Wed.Jun 12, 2024

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eDiscovery Under Economic Pressure: May 2024 HSR and BEA Data Analysis

JD Supra: Mergers

The landscape of mergers and acquisitions (M&A) continues to evolve, influenced by economic shifts and regulatory frameworks. For eDiscovery professionals, staying abreast of these changes is essential for providing timely and effective support in legal and regulatory matters. The latest data from the Premerger Notification Office and the Bureau of Economic Analysis (BEA) provides crucial insights into the current M&A activity and economic conditions, underscoring the need for robust eDi

Economics 304
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Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry

TechCrunch: M&A

South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems the space is already consolidating. Two of the country’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreed to merge, the companies said on […] © 2024 TechCrunch.

IT 242
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As Feds Stalk Anticompetitive Mergers, What Can Competitors Do?

JD Supra: Mergers

Continuing to make good on President Biden’s pledge to root out and challenge anticompetitive mergers, the Antitrust Division of the Justice Department and the Federal Trade Commission have asked the public to join the hunt.

Mergers 192
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Janet Yellen: Use Russia’s Assets to Support Ukraine

The New York Times: Banking

The U.S. treasury secretary explains why America and its allies should unlock the value of Russian capital immobilized at the start of the war to give Ukraine the financing it needs.

Finance 138
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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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PE Firm Escapes FTC’s Challenge to Texas Anesthesiology Roll-Up

JD Supra: Mergers

A Texas federal court dismissed the Federal Trade Commission’s (FTC) lawsuit against private equity (PE) owner, Welsh, Carson, Anderson & Stowe (Welsh Carson), while allowing to proceed the agency’s challenge against U.S. Anesthesia Partners’ (USAP) series of acquisitions.

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Judge Denies FTC’s Request to Enjoin Sale of Two Hospitals in North Carolina

JD Supra: Mergers

Last week, a federal judge in North Carolina declined to preliminarily enjoin Novant Health, Inc.’s (“Novant”) acquisition of two hospitals from Community Health Systems, Inc. (“CHS”). The FTC filed suit in federal court and in its in-house administrative court in January, alleging that the transaction violated Section 7 of the Clayton Act in the market for inpatient general acute care services sold to commercial health plans and their members.

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EIB Global Impact Report 2023/2024

European Investment Bank

Covering EIB Global’s activities in 2023, this annual report shows how these activities are aligned with EU priorities and initiatives in different regions. It details the results and impact achieved by EIB Global’s activities and provides an update on how the Bank is improving its mode of delivery, in order to enhance that impact. It is divided into four main sections: A tailored, regional approach: This section reports on the activities of EIB Global.

Bank 99
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MFW Framework Inapplicable Where Conflicts Are Not Adequately Disclosed to Stockholders

JD Supra: Mergers

Following other recent decisions addressing the applicability and scope of Kahn v. M&F Worldwide Corp. (“MFW”), including In re Match Group Inc., Derivative Litigation and Tornetta v. Musk, on May 1, 2024, the Delaware Supreme Court in City of Sarasota Firefighters' Pension Fund et al. v. Inovalon Holdings, Inc. held that Inovalon Holdings, Inc., its CEO and its board of directors failed to comply with MFW’s fully informed stockholder vote requirement and therefore could not avail themselves

Funds 172
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Cisco Tees off at 2024 Championship Season

Cisco: M&A

Whether enabling the season’s biggest tournaments with top-tier technology or supporting the sport’s biggest stars like Nelly Korda, 2024 has seen Cisco continue to tee up opportunity across golf.

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Provide Real Value in Your Applications with Data and Analytics

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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A Look at the M&A Trends Impacting the Technology Industry

JD Supra: Mergers

M&A dealmakers have been on a wild ride: from the pandemic-fueled rout in 2020 to 2021’s record-breaking recovery to a steep decline in 2023, the global M&A market has offered a masterclass in volatility. While global M&A activity, in terms of value, fell to its lowest level in 10 years in 2023, deal count did not drop as steeply as deal value, reflecting a focus on smaller deals.

M&A 167
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Navigating the Summer Beat: Insights from Cisco Live and our Partners

Cisco: M&A

For Cisco, the first few weeks of summer often bring exciting new announcements delivered at Cisco Live. This year has been no different with the multiple investments made to integrate AI into our solutions, partnerships with Microsoft and Google, and simplification across the architectures.

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California Attorney General Advocates for Greater Antitrust Enforcement in Private Equity in Healthcare

JD Supra: Mergers

On June 6, 2024, California Attorney General Rob Bonta announced that he led a multistate coalition of eleven (11) state attorneys general in in submitting a comment letter (the “Comment Letter”) in response to the Federal Trade Commission, the U.S. Department of Justice, and the U.S. Department of Health and Human Services’ (together the “Agencies”) request for information regarding consolidation in healthcare by private equity.

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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

The New York Times: Mergers, Acquisitions and Dive

The deal is the first time in half a century that a traditional Hollywood studio will own a movie theater chain.

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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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Tax Shock: Restaurant Sale Sparks Buyer’s Liability Without Bulk Sale Certificate

JD Supra: Mergers

In HUF Rest., Inc. v. Commonwealth, No. 394, 2024 Pa. Commw. LEXIS 105, at *1 (Pa. Commw. Ct. Apr. 24, 2024) the Commonwealth Court ruled that a buyer’s failure to obtain a bulk sale certificate made it liable for the seller’s unpaid taxes on a restaurant and liquor license that the buyer bought. By: Tucker Arensberg, P.C.

Sale 167
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Sallie Mae hikes yield on 1-year CDs as Fed stays in rate policy holding pattern

CNBC: Investing

As the market awaits expected Fed rate cuts, one consumer finance company has raised the APY on its one-year certificates of deposit.

Finance 110
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Exploring the Role of Operating Partners in Private Equity

JD Supra: Mergers

Episode 7: Exploring the Role of Operating Partners in Private Equity In this episode of BRight Minds in Healthcare Delivery, Donna Cooper joins host Eric Tower for a conversation about her career and how her prior experience has influenced her current role as an operating partner. Donna explains the role of an operating partner at….

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The Fed Holds Rates Steady and Predicts Just One Reduction This Year

The New York Times: Banking

Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out inflation.

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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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PE firms increasingly target infrastructure

JD Supra: Mergers

The addition of infrastructure to PE firms’ playbooks is part of a broader embrace of adjacent private market asset classes- After a difficult year in which unlisted, closed-end infrastructure funds raised US$112 billion—down 35 percent from the record US$172 billion in 2022—the infrastructure sector has begun to turn a corner. In a February survey by Infrastructure Investor, 41 percent of investors said they intend to put more capital toward infrastructure in the next 12 months, while only ten.

Investors 149
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Exit Planning (Part 3): M&A for Growth and Opportunity Beyond Retirement

Align Business Advisory Services

Exit Planning: Knowing When It’s Time to Sell Your Lower Middle Market Company (Part 3) M&A for Growth and Opportunity Beyond Retirement So, you’re not ready to hang up your hat just yet. Many entrepreneurs find the idea of selling their thriving business unappealing. But what if selling your company could fuel its growth. Read More » The post Exit Planning (Part 3): M&A for Growth and Opportunity Beyond Retirement appeared first on Align BA.

M&A 74
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US corporate bond trading automation pegged as key technology priority for 2024, finds report

The TRADE

Building on top of the increased electronification of the US corporate bond market over the past decade, trading automation is now the key focus area according to a new report from Coalition Greenwich. The majority of surveyed participants (65%) told Coalition Greenwich that their primary technology priority for this year was automating parts of the corporate bond trading process.

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AGBA/Triller $4bn Merger: The Group files its Preliminary Proxy Statement

Global Newswire by Notified: M&A

LOS ANGELES, June 12, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), reports that on June 12, 2024, the company filed its preliminary proxy statement for its shareholder meeting to approve its $4,000,000,000 merger of AGBA and Triller Corp.

Mergers 75
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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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Bank of America gets more bullish on this chip stock that will power Apple's AI transformation

CNBC: Investing

The Wall Street firm noted this buy-rated chipmaker is an 'indispensable and reliable partner' to the iPhone maker.

Bank 86
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ION receives certification for cash equities trading on BSE

The TRADE

ION has been registered as an Independent Software Vendor (ISV) with BSE, formerly Bombay Stock Exchange. As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE. After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equities trading on BSE.

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Why the Paramount Deal Talks Failed

The New York Times: Mergers, Acquisitions and Dive

After months of negotiations, Shari Redstone walked away from a tie-up with SkyDance. Here’s how a plan to reshape the media conglomerate broke apart.

Media 70
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DTCC’s FICC launches new contingency liquidity calculator

The TRADE

DTCC’s Fixed Income Clearing Corporation (FICC) has launched an interactive, public facing Capped Contingency Liquidity Facility (CCLF) calculator to support the expansion of US Treasury clearing. With the size of transactions in the US Treasury market now exceeding $7 trillion daily, CCLF is will serve as a risk management tool used for managing FICC’s liquidity risk linked to settlement activity.

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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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CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?

The New York Times: Banking

The latest data could help to restore policymakers’ conviction that inflation is in the process of returning to the Federal Reserve’s goal.

IT 67
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Goldman believes the drop in this utility stock is a buying opportunity

CNBC: Investing

The firm said the pullback makes for a good entry point for the stock and predicts it has about 11% upside from Tuesday's close.

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What to Watch as the Fed Meets

The New York Times: Banking

Federal Reserve officials are expected to leave interest rates unchanged, and will release fresh estimates of how many cuts could come this year.