Tue.Jan 30, 2024

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New Safe Harbor and General Compliance Program Guidance Provides Opportunity for Buyers to Mitigate Litigation and Fraud Risk

JD Supra: Mergers

By maintaining a robust compliance program, healthcare companies are better able to identify potential red flags early and to prevent violations of fraud and abuse laws. A failure to maintain an effective compliance program may become particularly problematic for companies with business transactions on the horizon as the government increasingly incentivizes business professionals to give compliance a seat at the deal table.

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How China Censors Critics of the Economy

The New York Times: Banking

As Beijing struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis it deems negative are blocked.

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Practical Implications of the Department of Justice’s M&A Safe Harbor Policy

JD Supra: Mergers

In early October 2023, Deputy Attorney General (DAG) Lisa Monaco announced a “new” (but not new) Department of Justice (DoJ) policy intended to incentivize acquiring companies to voluntarily self-disclose criminal misconduct uncovered during a merger or acquisition. But it comes with a caveat that could have more of a chilling effect on self-disclosures than anything else.

M&A 182
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Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why

CNBC: Investing

Maybe ETFs could benefit bitcoin down the road, but near term, it's more likely the cryptocurrency returns to high correlations with stocks, according to Citi.

Stock 119
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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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Ongoing Public Interest Review of Bunge/Viterra: Key Takeaways for Canadian Businesses

JD Supra: Mergers

Given the Canadian government’s increasing scrutiny over M&A activity in the food, transportation and critical infrastructure sectors, Canadian businesses operating in these sectors should plan accordingly and remain prepared for the possibility of scrutiny and longer regulatory review timelines.

Business 177

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In a Win for Shareholders, B.C. Securities Commission Provides Joint Actor Guidance for Proxy Contests

JD Supra: Mergers

Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another shareholder, notwithstanding that the shareholder had funded the dissident’s proxy contest to replace an incumbent board and had selected one of the nominees included in the dissident’s slate.

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Summit Partners buys auto body repair services provider CollisionRight from CenterOak

PE Hub

Since its formation in 2020, CollisionRight’s network has expanded to more than 85 repair centers across nine states. The post Summit Partners buys auto body repair services provider CollisionRight from CenterOak appeared first on PE Hub.

IT 98
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China Increases Merger Filing Thresholds

JD Supra: Mergers

China has finally published the long-awaited amendments to its merger control filing thresholds, which will materially impact companies considering mergers, acquisitions and joint ventures this year. The amended Rules on the Notification Thresholds for Concentrations of Undertakings (the Amended Thresholds) took effect on January 26, 2024, with the following highlights: Takeaway Points - The update increases the target’s individual turnover threshold to RMB 800 million (~USD 113.5 million) in.

Mergers 172
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A low-cost hedge if Big Tech earnings disappoint and the Nasdaq rally fizzles

CNBC: Investing

If these tech giants disappoint in their earnings outlook, that would be enough reason for this rally to fizzle out and Nasdaq could finally see a pullback.

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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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U.S. Corporate Transparency Act: Beneficial Ownership Disclosure Obligations Take Effect

JD Supra: Mergers

Pursuant to the Corporate Transparency Act (CTA), certain “Regulated Entities” must now file information concerning their beneficial ownership information (BOI) with the Financial Crimes Enforcement Network (FinCEN) so that the data can be accessed by law enforcement, the IRS, certain other agencies, and select financial services companies in a new federal government database called Beneficial Ownership Secure System (BOSS).

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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.

The New York Times: Banking

The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.

Bank 97
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European leveraged finance: A whole new world

JD Supra: Mergers

European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024. -Rising interest rates have pushed up borrowing costs and constrained issuance activity. - Subdued M&A pipeline and cautious underwriting by banks limit buyout financing opportunities. - Where transactions have progressed, the bulk of activity has been propelled by refinancing deals. -.

Finance 161
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Oppenheimer says bank stocks are ‘significantly undervalued’ and gives its top picks

CNBC: Investing

The underperformance of banks in 2023 was too drastic even with the failure of a few regional banks, according to Oppenheimer.

Bank 110
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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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FTC Announces 2024 Thresholds Under HSR Act and Clayton Act

JD Supra: Mergers

The Federal Trade Commission has announced revisions to HSR Act and Clayton Act Section 8 thresholds, which are indexed annually in alignment with prior year economic activity. As is our annual practice, this alert identifies the adjustments that are likely to be the most relevant to our clients and reiterates several important practice tips.

Economics 155
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Telegraph takeover: UK issues ‘stop meddling’ order to UAE-backed consortium

The Guardian: Mergers & Acquisitions

Legal move stops any changes to top management and editorial executives until investigations are complete Telegraph could become ‘PR arm’ of UAE after takeover, MPs warned The UK government has issued a legal order stopping a UAE-backed consortium from meddling with the Telegraph, including making any changes to top management and editorial executives, until investigations into its proposed takeover are complete.

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TA Associates-backed Rocscience acquires Diana Fea

PE Hub

Diana Fea is a finite element analysis software provider based in Delft, the Netherlands. The post TA Associates-backed Rocscience acquires Diana Fea appeared first on PE Hub.

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Annuity sales hit a record in 2023. Here's what to know about one popular option

CNBC: Investing

Fixed indexed annuities can provide upside based on the market, but limit downside. Are they the right move for you?

Sale 110
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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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Walter GAM takes minority stake in Madryn Asset Management

PE Hub

Walter GAM is a private equity affiliate of the Walter Group, a Montreal-based family office. The post Walter GAM takes minority stake in Madryn Asset Management appeared first on PE Hub.

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Beyond the Race: An Ironman Journey of Endurance, Inclusion, and Growth

Cisco: M&A

We woke up in the stillness of predawn, driven by our year-long commitment and unwavering dedication. That’s because we’re not just Cisconians.

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Traders who scored big and grew famous for 'The Big Short' reveal their current bets

CNBC: Investing

Four of the investors who called the subprime mortgage crisis reunited Tuesday and unveiled their current big money bets.

Investors 104
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Arlington Capital invests in injectable drugs maker Afton Scientific

PE Hub

Tom Thorpe, founder and CEO of Afton, will continue to lead the company and remain a material shareholder going forward. The post Arlington Capital invests in injectable drugs maker Afton Scientific appeared first on PE Hub.

Capital 83
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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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Hybrid Work in Government Survey Results: Big Trends Revealed

Cisco: M&A

Hybrid work is enhancing government’s impact at every level by improving collaborative outcomes and delivering better employee experiences.

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Searchlight readies automotive diagnostics business Opus Group for sale

PE Hub

The New York-based PE sponsor has engaged a cross-border investment bank to target prospective buyers, including US and European private equity sponsors, sources told PE Hub. The post Searchlight readies automotive diagnostics business Opus Group for sale appeared first on PE Hub.

Sale 82
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Citi Is Sued by New York State Over Account Transfer Fraud

The New York Times: Banking

New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.

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Pritzker Private Capital taps Gibson as operating partner

PE Hub

In this role, Gibson will work closely with PPC’s manufactured products companies to support strategic growth and commercial advancements. The post Pritzker Private Capital taps Gibson as operating partner appeared first on PE Hub.

Capital 82
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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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This little-known oncology stock could jump more than 70%, Citi says

CNBC: Investing

Olema Oncology could be a standout player in developing a breast cancer therapy, according to Citi Research.

Stock 104
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AEI scoops up industrial facility from Retirement Systems of Alabama

PE Hub

AEI plans to renovate the Alabama-based facility to serve as an aerospace center of excellence anchored in The Shoals area. The post AEI scoops up industrial facility from Retirement Systems of Alabama appeared first on PE Hub.

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These smaller stocks could see big gains in 2024, Bank of America says

CNBC: Investing

As investors expect the stock market rally to broaden, these small- and mid-cap companies may emerge as winners.

Stock 102