Mon.Jul 01, 2024

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Antitrust in focus - April 2024

JD Supra: Mergers

Spotlight on below-threshold merger reviews: doubts over European Commission’s powers while in depth probes launched in Italy - Last month, we reported on the landmark Advocate General (AG) opinion in Illumina/GRAIL. The AG assessed whether the European Commission (EC) has jurisdiction (under its revised “Article 22” referrals policy) to review transactions where neither EU nor national merger control notification thresholds are met.

Mergers 312
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Robinhood snaps up Pluto to add AI tools to its investing app

TechCrunch: M&A

Investment app Robinhood is adding more AI features for investors with its acquisition of AI-powered research platform Pluto Capital, Inc. Announced on Monday, the company says that Pluto will allow Robinhood to add tools for quicker identification of trends and investment opportunities, help guide users with their investment strategies, and offer real-time portfolio optimization.

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Les modifications apportées à la Loi sur la concurrence du Canada sont en vigueur

JD Supra: Mergers

Comme nous en avons discuté dans notre publication de février 2024 intitulée Perspectives sur le droit de la concurrence au Canada et notre Bulletin Blakes de décembre 2023 intitulé Refonte des règles : Mise à jour de la Loi sur la concurrence du Canada, des modifications importantes et de grande portée à la Loi sur la concurrence (la « Loi ») ont reçu la sanction royale le 20 juin 2024.

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New York Court Awards Seller Specific Performance

Deal Lawyers

In James River Group Holdings v. Fleming Group Holdings, (NY Sup. 4/24), the New York Supreme Court’s Commercial Division recently addressed a seller’s claim for specific performance of the buyer’s obligation to close under the terms of a stock purchase agreement.

Stock 124
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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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Dissolution Undone

JD Supra: Mergers

Business divorce and non-judicial (a/k/a voluntary) dissolution of a business entity rarely intersect. But when they do, or even in a non-business divorce setting, if a business owner needs to rescind a certificate of voluntary dissolution allegedly filed improperly by someone else, what recourse is there? Confronted with a meritorious demand, does the secretary of state have authority and discretion to rescind the dissolution certificate and reinstate the entity to active status?

Business 167

More Trending

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California Bill on Health Care System Consolidation Passes Senate Health Committee Vote

JD Supra: Mergers

On June 26, the California Senate Health Committee passed Assembly Bill 3129 (Bill), which was further amended on June 27 and re-referred to the Committee on Judiciary. The following is a summary of the material changes made in the June 27 version as compared with the prior version we analyzed on June 14.

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The Right Way To Think About Market Timing When Selling Your Business

Benchmark International

When is the right time to put your company on the market? Many business owners struggle with this question. It's a difficult decision involving many complexities, but it doesn't have to be that complicated. There is one simple rule for any business owner to live by: ALWAYS have your company in the best position to be sale-ready.

Business 111
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Antitrust Division’s Implementation of the Department of Justice’s Safe Harbor Declination Policy - A Policy in Search of a Fact Pattern

JD Supra: Mergers

The Antitrust Division of the Department of Justice quietly made a change to its Leniency Policy and Procedures (the “Leniency Policy”) that could impact companies acquiring businesses or companies that they discover may have engaged in criminal antitrust violations. Although the updated Leniency Policy was posted to the Antitrust Division’s Leniency Program webpage in early March, and corresponding changes have been made to the Department of Justice (“DOJ”) Justice Manual Section on Voluntary.

Business 161
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SYLA Solar to absorb renewable data center company in move to leverage business strength

Global Newswire by Notified: M&A

TOKYO, July 01, 2024 (GLOBE NEWSWIRE) -- SYLA Solar Co., Ltd. (Head Office: Nagoya, Aichi; CEO: Takeshi Fuchiwaki; hereinafter “SYLA Solar”), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ “SYT”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, absorbed and merged with SYLA Biotech Corporation (Head office: Shibuya-ku, Tokyo; CEO: Makoto Ariki), effective on July 1 st , 2024.

Business 105
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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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Healthcare & Life Sciences Private Equity Deal Tracker: Altaris to Acquire Sharecare for $518 Million

JD Supra: Mergers

Altaris has announced it will acquire Sharecare (NASDAQ: SHCR) for $1.43 in cash per share, or about $518 million.

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Tesla shares to get hit this quarter on lower demand and margins, predicts Wells Fargo

CNBC: Investing

Wells Fargo has an underweight recommendation on Tesla and a $120 price target, implying nearly 40% downside from Friday's close of $197.88.

Shares 119
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UBS completes merger of UBS Switzerland and Credit Suisse (Schweiz)

The TRADE

UBS has completed the merger of UBS Switzerland AG and Credit Suisse (Schwiez) AG. From today, Credit Suisse (Schweiz) AG has been deregistered from the Commercial Register of the Canton of Zurich and will no longer exist as a separate entity. According to a statement, UBS Switzerland AG has succeeded all the rights and obligations of Credit Suisse (Schweiz) AG.

Mergers 75
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Exit Planning (Part 4): Letting Go: Defining Your Next Chapter

Align Business Advisory Services

Exit Planning: Knowing When It’s Time to Sell Your Lower Middle Market Company (Part 4) Letting Go: Defining Your Next Chapter Your business is your lifeblood. Selling it can feel like selling a part of yourself – after all, it’s been your life’s work. But what if letting go could unlock a future filled. Read More » The post Exit Planning (Part 4): Letting Go: Defining Your Next Chapter appeared first on Align BA.

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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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McDonald's $5 meal may lead to higher sales and stock price, history of value offerings shows

CNBC: Investing

Historically, McDonald's $5 value meal offerings have boosted its share price, according to Wells Fargo.

Sale 102
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Global investment banks retreat from China expansion

Financial Times - Banking

Wall Street and European groups scaled back investment banking workforces in 2023

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Here are JPMorgan’s top stock picks heading into July

CNBC: Investing

JPMorgan's newest additions to its list of top stock picks include AT&T and First Citizens BancShares.

Stock 97
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U.S. Energy Corp. Announces Transformative Acquisition Targeting Helium Production

Global Newswire by Notified: M&A

HOUSTON, July 01, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “ U.S. Energy ” or the “ Company ”) today announced that the Company has closed a transaction (the “ Agreement ”) with Wavetech Helium Inc (“ Wavetech ” or “ WT ”) for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the “ WT Asset ”).

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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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People Moves Monday: ODDO BHF, Deutsche Bank and Jefferies

The TRADE

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. He joins as head of execution sales and microstructure. Griffin left Kepler in May after over eight years with the broker dealer. He is currently on gardening leave set to join ODDO in the coming months, The TRADE understands.

Bank 64
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Monday's analyst calls: Nvidia price target hike, shoe stock to rally more than 50%

CNBC: Investing

A major chipmaker and a shoe maker were among the stocks being talked about by analysts on Monday.

Stock 95
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Deutsche Bank’s head of buy-side solutions sales departs

The TRADE

Stephen Wilkes, the head of buy-side solutions sales and head of securities services at Deutsche Bank, will be departing his role after spending almost 13 years at the bank. For nearly five years, Wilkes served as the head of buy-side solutions sales and head of securities services sales in the EMEA region. In this role, he was instrumental in distributing Deutsche Bank’s solutions product suite to major institutional clients in the financial services sector.

Sale 64
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Thor Urbana Continues Its Expansion in the Industrial Sector

Global Newswire by Notified: M&A

Thor Urbana , a leading real estate investment and development company in Mexico, continues its expansion in the industrial sector with the acquisition of more than 1.6 million square feet of leasable space dedicated to the manufacturing and logistics sectors in the markets of Saltillo and Ramos Arizpe, Coahuila.

IT 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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The Seller’s Playbook: Maximizing Returns in Business Transitions

Sun Acquisitions

In the intricate game of mergers and acquisitions, small business owners often find themselves at the forefront of strategic decision-making when considering a transition. Maximizing returns is a common objective, but what if there was a playbook—a strategic guide tailored for sellers to navigate the complexities of business transitions? In this blog post, we present “The Seller’s Playbook,” a unique approach that offers small business owners a systematic strategy to ensure the

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SHARE BUYBACK TRANSACTIONS

Global Newswire by Notified: M&A

On 9 February 2024, DFDS A/S (“DFDS”) announced the initiation of a share buyback programme to be executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014, and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Rules”).

Shares 59
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Benchmark International Successfully Facilitated the Transaction Between TMCADD Consulting & Services, LLC and NV5 Global, Inc.

Benchmark International

Benchmark International is pleased to announce the acquisition of TMCADD Consulting & Services, LLC dba myBIMteam by NV5 Global, Inc. (Nasdaq: NVEE).

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Moelis banker recorded in punching incident charged with assault

Financial Times - Banking

Jonathan Kaye turned himself in to authorities a week after resigning from senior role at boutique advisory firm

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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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Quality of Earnings (QoE) for B2B Software Companies: A CEO’s Guide

Software Equity Group

You are at the helm of a dynamic business as a software CEO. As a result, you need the right tools to make strategic decisions with clarity and confidence, and a Quality of Earnings (Q of E or QoE) report can be one of them. A QoE report can not only help you evaluate the strength of your business, but it can play a critical role in helping you realize a rewarding exit opportunity.

M&A 52
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Acquisition de la société Galimmo SCA par Carmila

Global Newswire by Notified: M&A

Acquisition de la société Galimmo SCA par Carmila • Réalisation de l’acquisition par Carmila de près de 93% du capital de la société Galimmo SCA.

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What To Remember When Selling an Insurance Brokerage

Sica Fletcher

Selling an insurance brokerage is not altogether that much different than selling an insurance agency or even an insurance company. That being said, brokerage owners need to consider a.) a more diverse portfolio of policies and clients, as well as b.) specialized regulatory and licensing requirements that are different from those of insurance agencies.