Wed.Oct 02, 2024

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Casting a wider digital net: the UK’s expanded mergers jurisdiction under the DMCC Act

JD Supra: Mergers

The UK Government has recently confirmed that the digital markets and competition parts of the DMCC Act are likely to come into force in December 2024 or January 2025. We consider the significance for companies active in digital markets of the upcoming changes to merger control, which could significantly increase the risk of scrutiny and investigation of transactions by the CMA.

Mergers 278
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Short Attacks vs. Proxy Contests

Deal Lawyers

This recent insight from ICR focuses on the hidden costs of short attacks for companies and posits that, despite the often larger risks posed by short attacks, both reputationally and financially, companies are usually less prepared for a short attack than a proxy contest.

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Inside the Courts – An Update From Skadden Securities Litigators - October 2024

JD Supra: Mergers

Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote - In re Silver Lake Grp., LLC Sec. Litig. (9th Cir. July 24, 2024) What to know: The Ninth Circuit affirmed the dismissal of insider trading claims against several large investors in a satellite operator, holding that the plaintiffs failed to sufficiently allege that any defendant investor sold stock with knowledge of the company’s meeting with the FCC.

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Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment

CNBC: Investing

Recursion said it was able to use its AI-enabled drug discovery platform to identify a novel target and move all the way to gaining IND approval in less than 18 months.

IT 132
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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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Reminder To Draft Purchase And Sale Agreements With Care

JD Supra: Mergers

Somerville Off. Assocs. Ltd. P'ship v. Cresset Dev., LLC, 104 Mass. App. Ct. 1108 (2024). In Somerville Office Associates Limited Partnership v. Cresset Development, LLC, plaintiff Somerville Office Associates (“SOA”) sold two parcels of land to defendant Cresset Development (“Cresset”), an improved parcel and an unimproved parcel.

Sale 172

More Trending

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Sector trends - September 2024: Stock Exchanges / Clearing Houses / Trading Venues

JD Supra: Mergers

Cautious deployment of M&A war chests while concerns relating to IPO and equity market trading buoyancy continue. Current market: Fewer M&A deals as Europe's FMI tectonic plates digest acquisitions of yesteryear.

Trading 172
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Nvidia gets rare downgrade from small firm worried about slowing data center growth

CNBC: Investing

A slowdown in the data center business is potentially at odds with Nvidia's long-term growth story, according to Elazar Advisors.

Business 117
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SEC Amends Schedule 13G Beneficial Ownership Reporting Deadlines

JD Supra: Mergers

On September 30, 2024, the revised Schedule 13G filing deadlines became effective. In this article, we provide an overview of the new regime and provide a comparison with the corresponding notification deadlines in the EU and UK.

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Thursday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The major averages ended Wednesday just above the flatline as Middle East tensions weighed on sentiment. Here's what CNBC is watching going into Thursday.

Trading 107
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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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Update: Governor Newsom Vetoes California’s AB 3129 Targeting Healthcare Private Equity Deals

JD Supra: Mergers

On September 28, 2024, Governor Newsom vetoed Assembly Bill No. 3129 (AB 3129), which would have required private equity groups and hedge funds to obtain the Attorney General’s written consent at least 90 days prior to acquisitions or changes of control of certain health care facilities, provider groups, and other providers.

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Revolutionizing Financial Technology: A Conversation with Sharmila on AI, Cloud, and Data Innovation

Global Banking & Finance

1.Can you tell us about your role in transforming financial technology at Northern Trust? With over 15 years of experience in the financial technology sector, Sharmila has made a name for herself as a leader in AI, cloud computing, and enterprise solutions.

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DOJ Raises Expectations on AI, Data Analytics, and More in New Guidance on Corporate Compliance

JD Supra: Mergers

On September 23, 2024, the Department of Justice (DOJ) updated its Evaluation of Corporate Compliance Programs policy (ECCP), which outlines the key factors prosecutors consider when evaluating the effectiveness of a corporation’s compliance program in connection with charging decisions and resolutions.

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Wednesday's analyst calls: Nike earnings reaction, Harley-Davidson gets a downgrade

CNBC: Investing

An apparel giant and a motorcycle maker were among the stocks being talked about by analysts on Wednesday.

Stock 120
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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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FDIC releases final Statement of Policy on bank merger transactions

JD Supra: Mergers

On September 17, the FDIC Board approved its Final Statement of Policy on Bank Merger Transactions (SOP), updating the guidelines for evaluating bank mergers. The OCC recently released its final rule on the BMA to provide clearer guidelines for institutions to align the regulatory framework with current processes (covered by InfoBytes here). The FDIC’s final SOP addressed the scope of transactions requiring the FDIC’s approval, the process for evaluating merger applications, and the principles.

Mergers 161
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Chip company insiders sold a record $1.3 billion in stock during the third quarter

CNBC: Investing

Chip insiders have stepped up their sales of company stock this year as AI-driven demand for processing power has propelled the sector's outperformance.

Stock 98
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European Competition Law Newsletter – October 2024

JD Supra: Mergers

Top EU Court Finds Booking.com’s Price Parity Clauses Not Ancillary to its Operation - If a main operation or activity is neutral or positive in its competitive effect and therefore falls outside EU competition law, then certain restrictions on the parties are treated in the same way.

IT 161
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Stopping Attacks Early: The Power of Endpoint Telemetry in Cybersecurity

Cisco: M&A

With effective monitoring into endpoint activity, threats to the network can be detected and neutralized before causing extensive damage.

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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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Sector trends - September 2024: Payments

JD Supra: Mergers

Equity and debt cheques from financial sponsors fuel growth, with investment committee appetite across the full spectrum from Seed through to late stage / pre-IPO. The payments sector bucks the trend on IPOs. Current market: M&A activity levels retain a monumental high.

IPO 161
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Navigating supply chain disruptions

European Investment Bank

Recent crises – such as the pandemic, raw material shortages, maritime transport disruptions and the Ukraine war – have disrupted EU firms’ supply chains and exposed their dependency on foreign imports. This study, conducted by the European Investment Bank in collaboration with the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) looked at how EU firms are adapting to these challenges.

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California Governor Vetoes Private Equity and Hedge Fund Health Care Transaction Review Law (AB-3129)

JD Supra: Mergers

On September 28, 2024, California Governor Gavin Newsom vetoed California Assembly Bill 3129 (AB-3129) originally introduced by California Attorney General Rob Bonta (AG) and Assembly Speaker pro Tempore Jim Wood and passed by the California legislature earlier in the month. While the California legislature can override the Governor’s veto, legislators likely will not take this extraordinary step, which has not been taken in several decades.

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Investors eying income solutions and defense stocks as geopolitical tensions rise

CNBC: Investing

Frank Holland breaks down what traders are watching ahead of the new session.

Investors 113
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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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California Governor Vetoes Assembly Bill 3129: What's Next?

JD Supra: Mergers

California Gov. Gavin Newsom on Sept. 28, 2024, vetoed Assembly Bill (AB) 3129, a law that would have required private equity and hedge funds – and in some cases, their platform companies – to obtain the California Attorney General's (AG) consent before closing certain healthcare transactions in California.

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Bank of America's top ideas for the fourth quarter including Starbucks and Walmart

CNBC: Investing

The firm is eyeing a collection of stocks that can outperform in the fourth quarter.

Bank 101
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New UK Competition Rules to Impact Global Deal Reviews for Tech and Pharma

JD Supra: Mergers

The Digital Markets, Competition and Consumers Act 2024 (UK DMCC) introduces significant reforms to the UK’s Competition and Markets Authority (UK CMA) and competition laws. The UK DMCC forms part of a global trend to focus merger review increasingly on vertical concerns and concerns about eliminating nascent competition, including by so-called “killer acquisitions” of firms perceived as future competitive threats.

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Innventure LLC and Learn CW Investment Corporation Announce Closing of Business Combination

Global Newswire by Notified: M&A

Innventure Common Stock Expected to Begin Trading on October 3, 2024, on the Nasdaq Global Market Under Ticker Symbol “INV” Innventure Common Stock Expected to Begin Trading on October 3, 2024, on the Nasdaq Global Market Under Ticker Symbol “INV”

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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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Energy & Sustainability M&A Activity — October 2024

JD Supra: Mergers

August 15: We Realize, the creators of a platform that provides secure, standardized truck parking, EV charging, and upscale amenities for truck drivers, fleets, and logistics corporations, providing drivers with scalable truck parking, was acquired by StoreMyTruck. The merger will allow StoreMyTruck to expand its parking locations and portfolio to over 200 sites across the United States.

M&A 155
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The evolution of the buy- and sell-side relationship

The TRADE

As technology continues to reshape financial markets, the dynamic between buy- and sell-side institutions has undergone a transformation. Traditional boundaries are blurring as tools such as artificial intelligence, blockchain, and data analytics are disintermediating conventional trading workflows and enabling more efficient engagements. Relationships between the buy- and sell-side are evolving, with roles and responsibilities changing to accommodate new workflow behaviours.

Trading 62
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EIB Working Paper 2024/04 - The impact of the digital and green transitions on investment inefficiency

European Investment Bank

Firms do not always invest at the optimal and most efficient level. This study examines whether investing in green and digital technologies tends to make the level of firms' investments more efficient or inefficient. Using data from the European Investment Survey (EIBIS), matched with data from ORBIS, and covering nearly 5000 observations from 27 European countries over the period 2021-2023, the study employed a panel data regression model to estimate the effect of green and digital investments.