Wed.Dec 20, 2023

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New Merger Guidelines Cap Off a Year of Hostility to Employers — 2023 Closes With Antitrust Agencies’ Most Radical Foray Yet

JD Supra: Mergers

The year in antitrust began apace on January 5 with the release of the Federal Trade Commission’s proposed rule banning all employer-employee noncompete agreements. At mid-year, the FTC and the Antitrust Division of the Department of Justice issued a proposal that would dramatically increase merging parties’ filing requirements, and expense, under the Hart-Scott-Rodino Act.

Mergers 187
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The Struggle Is Real

Banker on FIRE

Sometimes, you feel like the world is playing against you. Best laid plans crumble in an instant. Months and years of hard work produce zero results. Even the proverbial coin tosses go the wrong way. You are disappointed, exhausted, and ready to give up. At other times, you’ve got all the wind in … The Struggle Is Real Read More » The post The Struggle Is Real appeared first on Banker on FIRE.

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First Set of Major Changes to Canada’s Competition Act in Force

JD Supra: Mergers

With royal assent to Bill C-56, The Affordable Housing and Groceries Act, occurring on December 15, 2023, important changes to Canada’s competition law framework came into force.

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Warner Bros. Discovery in Talks to Merge With Paramount

The New York Times: Mergers, Acquisitions and Dive

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

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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. Antitrust Agencies Finalize Changes to the U.S. Merger Guidelines – Formalizing a Shift Toward a Very Aggressive Merger Enforcement Policy

JD Supra: Mergers

On December 18, 2023, the Department of Justice ("DOJ") and Federal Trade Commission ("FTC") published in final form the long-awaited 2023 Merger Guidelines. The final 2023 Merger Guidelines adopt—with some significant changes—the draft Guidelines released by the agencies in July 2023. The final 2023 Merger Guidelines adopted 11 of the 13 draft Guidelines, formalizing the notable shift toward more aggressive merger control enforcement.

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FTC and DOJ finalize new merger guidelines articulating expansive theories of enforcement

JD Supra: Mergers

On December 18, 2023 the Federal Trade Commission (FTC) and Department of Justice (DOJ) (“the Agencies”) released the 2023 Merger Guidelines (the Merger Guidelines). The substance of the new guidelines does not stray significantly from the Agencies’ Draft Merger Guidelines published in July 2023, and contains most of the same expanded theories of harm first laid out there by the Agencies.

Mergers 167
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Heightened Antitrust Scrutiny Impacting M&A Financing

Deal Lawyers

We’ve written extensively about the FTC and DOJ’s aggressive approach to antitrust enforcement — from the cases pursued to the expanded premerger notification rules to the final Merger Guidelines announced just this week — and its potential impact on M&A activity.

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Recent Rulings from Delaware Chancery Favorable to Companies in Shareholder Activism Context

JD Supra: Mergers

Two recent rulings from the Delaware Court of Chancery relating to matters that arose in shareholder activism campaigns were favorable to companies. In Paragon Technologies, Inc. v. Terence J. Cryan, et al. (November 30, 2023) and Texas Pacific Land Corporation v. Horizon Kinetics LLC, et al. (December 1, 2023), Delaware courts continued to recognize the enforceability of advance notice bylaw provisions, the legitimacy of NOL rights plans, and the enforceability of contractual provisions in.

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Americans May Be Taking on Too Much Pay-Later ‘Phantom Debt’

The New York Times: Banking

Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.

Debt 133
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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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FTC and DOJ Release New Merger Guidelines

JD Supra: Mergers

On December 18, 2023, the Federal Trade Commission and U.S. Department of Justice (the “Agencies”) jointly released new Merger Guidelines (the “Guidelines”), setting forth the analytical framework the Agencies will use to review proposed mergers and acquisitions. The Guidelines combine and replace the existing 2010 Horizontal Merger Guidelines and 2020 Vertical Merger Guidelines in one document.

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How Tesla rose to retail investor stardom: 'It's always in people's minds'

CNBC: Investing

The electric vehicle maker is poised to see the highest net inflows from retail traders of any security this year.

Retail 144
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EU and UK regulators reveal updated plans for bond tape frameworks

The TRADE

Both the FCA and ESMA have published updates to their respective consolidated tape framework plans, including expected timelines, with a continued focus on the procedures for the selection of a bond CTP. In the EU, ESMA has confirmed that the selection of the bond tape provider is set for two years from now. The expected timeline according to ESMA begins with the Mifir review entering into force in Q1 2024.

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The Hot New Market in Crypto? Trading FTX’s Carcass.

The New York Times: Banking

Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.

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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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Why CISOs and CIOs Should Work Together More Closely

Cisco: M&A

Although there are overlaps in the goals and responsibilities of the CIO and the CISO, there are also challenges that get in the way of a more cohesive relationship, including reporting lines,… Read more on Cisco Blogs

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Monument MicroCap-backed Sweet Tooth acquires aluminum mold-maker Inter Molds

PE Hub

Based in Edgewood, New York, Sweet Tooth is a provider of tooling and injection molding services. The post Monument MicroCap-backed Sweet Tooth acquires aluminum mold-maker Inter Molds appeared first on PE Hub.

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A hedged options bet on Tesla's run to continue into January

CNBC: Investing

Jeff Kilburg expects a pop in Tesla's price for the next 30 days, but does believe the tech company will hit some short-term resistance at $300.

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PSG-backed Traliant acquires DEI-focused eLearning company Kantola

PE Hub

Traliant is a provider of online compliance training solutions. The post PSG-backed Traliant acquires DEI-focused eLearning company Kantola appeared first on PE Hub.

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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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Why some on Wall Street think the regional bank recovery can become a rebound in 2024

CNBC: Investing

Regional bank stocks have started to rise again after the collapse of Silicon Valley Bank, but most are still down for the year.

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Canada Growth Fund to invest C$200m in Advantage Energy’s Entropy

PE Hub

Last year, Entropy secured a C$300 million investment from the Brookfield Global Transition Fund I, an energy transition fund managed by Brookfield Asset Management. The post Canada Growth Fund to invest C$200m in Advantage Energy’s Entropy appeared first on PE Hub.

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2024 is ‘not a normal year’: Key political elections loom for emerging markets

CNBC: Investing

Taiwan, Mexico, India and South Korea are among the countries set to hold presidential, legislative or local contests in 2024.

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Bain Capital Insurance invests $200m in GuideOne to launch new insurance platform The Mutual Group

PE Hub

GuideOne is a mutual insurance carrier founded in 1947. The post Bain Capital Insurance invests $200m in GuideOne to launch new insurance platform The Mutual Group appeared first on PE Hub.

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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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2024 energy outlook: What investors can expect from crude prices, and how to play it

CNBC: Investing

Investors now have the chance to snatch high value stocks at a lower price ahead of a possible crude price rebound in 2024.

Investors 107
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Argosy Healthcare Partners-backed Hudson scoops up medical tech firm Tomtec

PE Hub

Based in Springfield, New Jersey, Hudson is a global laboratory automation solutions provider. The post Argosy Healthcare Partners-backed Hudson scoops up medical tech firm Tomtec appeared first on PE Hub.

Medical 86
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Best insurance cover for startups

Growth Business

By Anna Jordan on Growth Business - Your gateway to entrepreneurial success In the early days of startups, it may seem like insurance cover is optional – but in some cases, it really isn’t. The reality is that you should get it before you’ve even launched to keep you covered from day one. We’ll get into that a bit later. In the meantime, here is the best insurance cover for startups and why you need it.

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Beekman Group-backed AutoManager snaps up safety recall tech firm AutoAp

PE Hub

AutoManager is a provider of software solutions to the auto dealership industry. The post Beekman Group-backed AutoManager snaps up safety recall tech firm AutoAp appeared first on PE Hub.

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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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Heritage Distribution acquires Webb Supply

Global Newswire by Notified: M&A

ATLANTA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Heritage Distribution Holdings, the U.S. platform for global HVAC wholesaler Beijer Ref, has signed an agreement to acquire the assets of Webb Supply (“Webb”), a wholesale HVAC distributor headquartered in Cleveland, OH and serving contractors in Northeastern Ohio and Western Pennsylvania – territories with seamless positioning in our current portfolio.

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Knox Lane-backed Ruppert Landscape scoops up commercial landscape firm Tree Amigos

PE Hub

Maryland-based Ruppert Landscape is a provider of commercial landscaping services. The post Knox Lane-backed Ruppert Landscape scoops up commercial landscape firm Tree Amigos appeared first on PE Hub.

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The TRADE predictions series 2024: Artificial intelligence

The TRADE

Eric Heliene, head of buy-side trading desk, Groupama Asset Management In the buy-side trading world, technological innovation is a perpetual driver of transformation, and large language models (LLMs) are emerging as key players in this ongoing evolution. These models, with their ability to analyse vast volumes of unstructured data, are opening new perspectives for understanding market dynamics.

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