Mon.Oct 30, 2023

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With deadline looming, Broadcom tries to push $61B VMware deal over finish line

TechCrunch: M&A

Broadcom announced its intention to buy VMware for $61 billion in May 2022. After clearing a number of regulatory hurdles, including the U.S., UK and European Union, it announced in August that the deal would close today. But this morning the company indicated that there was one more obstacle, with reports indicating that Chinese regulators […] © 2023 TechCrunch.

IT 225
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[Audio] A View From the Starting Line – A Conversation with Teenpreneur Tierney Schmidt

JD Supra: Mergers

Today's Founders Shares podcast episode presents a unique perspective that I'm sure will resonate with many of you. We typically delve into the stories of seasoned entrepreneurs and their businesses. However, this time, we're flipping the script. In this episode, we're going to embark on a journey with someone who's at the starting line, someone who's young, and full of potential, but hasn't yet launched a full-fledged business.

Business 208
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KKR Closes Deal to Buy Simon & Schuster

The New York Times: Mergers, Acquisitions and Dive

The process of selling Simon & Schuster has been long and tumultuous, and was waylaid by an earlier antitrust suit.

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Get Your Pre-Merger Compliance Programs in Order: Department of Justice Announces M&A Safe Harbor Policy

JD Supra: Mergers

On October 4, 2023, Deputy U.S. Attorney General Lisa O. Monaco announced that the United States Department of Justice (DOJ) is implementing a new nationwide Mergers & Acquisitions Safe Harbor Policy (the “M&A Policy”).

M&A 188
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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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Goldman says sell-off is a buying opportunity for these stocks with healthy balance sheets

CNBC: Investing

The Wall Street investment bank recommends underperforming cyclical stocks that offer strong fundamentals.

Stock 133

More Trending

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Microsoft could be having its ‘iPhone moment’ this week that sends the stock soaring over time, says Piper Sandler

CNBC: Investing

The comments from Piper Sandler come as the software giant readies to launch its Copilot artificial intelligence subscription service offering on Wednesday.

IT 132
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Antitrust in focus - October 2023

JD Supra: Mergers

The Foreign Subsidies Regulation (FSR) establishes a new regime, enforced by the European Commission (EC), to regulate subsidies granted by non-EU countries to businesses active in the EU that could distort competition in EU markets.

Business 188
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Jeffrey Oboy of Paratus Capital Shares his Search for the Right Business Acquisition

How2Exit

b' E154: Jeffrey Oboy of Paratus Capital Shares his Search for the Right Business Acquisition - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

Business 130
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Bad Things Can Happen When You Steal a Business from a Minority Co-Owner

JD Supra: Mergers

Occasionally, we come across court cases in which the majority owners so egregiously mistreated their minority co-owners that it’s difficult not to write about it — if only as a lesson in what not to do to separate oneself as co-owners. By: Farrell Fritz, P.C.

Business 171
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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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Oppenheimer slashes forecast for S&P 500, but still sees stocks rising from here

CNBC: Investing

Oppenheimer's John Stoltzfus previously had the highest target in the CNBC Market Strategist Survey.

S&P 125
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The New KSA Civil Code: Termination of Contracts

JD Supra: Mergers

Prior to the new Civil Transactions Law of the Kingdom of Saudi Arabia (referred to as the “KSA Civil Code”), there were no detailed rules on termination (or faskh) at law in Saudi Arabia. As with other areas of Saudi law, the courts would interpret termination provisions in contracts in line with Sharia principles, as informed by various sources of jurisprudence.

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Busted Deals: Q3 Deal Terminations Lowest Since 2020

Deal Lawyers

According to this S&P Global report, despite the increasing challenges buyers face in obtaining financing and the other macro headwinds facing dealmakers, Q3 deal terminations reached their lowest level since 2020. Here are some of the key takeaways from the report: – Only two private equity-backed deals terminated in Q3 2023.

S&P 124
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Will the FTC Evade a String of Constitutional Attacks?

JD Supra: Mergers

Less than two months ago, the FTC faced at least five separate lawsuits challenging the constitutionality of the agency in response to antitrust actions. Last week, three of those have been settled or dismissed, and a fourth appears to be in question.

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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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Artificial Intelligence in Higher Education: Trick or Treat? 

Tyton Partners

If you have been at any higher education events lately, AI has been the top item on conference agendas. Reactions throughout the academy have ranged from, “the sky is falling“ to “AI is the solution to everything.” So, as a leader at your institution or organization, how should you be thinking about the potential or AI as one of the items in your “bag of tricks” to achieve better institutional outcomes and efficiencies at your organization?

Education 118
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How is a Franchise Buyout Price Determined? New Ruling Provides Guidance

JD Supra: Mergers

A business deal didn’t go as planned and one side wants out. All parties now need to determine how to buyout the disgruntled partner. How exactly is a franchise buyout price determined? Well, it matters whether the buyout determination is based on non-appealable arbitration awards or expert decisions that can be challenged in court and subject to appeal, according to a recent ruling by the 3rd Circuit U.S.

Business 165
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Analyst calls: All the market-moving chatter from Wall Street on Monday morning

CNBC: Investing

Check out the market-moving analyst calls and latest chatter on Wall Street today.

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SEC Adopts Rule Amendments to Modernize Beneficial Ownership Reporting

JD Supra: Mergers

On October 10, 2023, the Securities and Exchange Commission ("SEC") adopted amendments to modernize the rules governing beneficial ownership reporting under Sections 13(d) and 13(g)1 of the Securities Exchange Act of 1934 ("Exchange Act"), which provide companies and markets visibility into the ownership of shares of public companies.

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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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This biotech developing a cholesterol drug has a chance to triple, RBC predicts

CNBC: Investing

NewAmsterdam Pharma's "best-in-class" cholesterol treatment could lead to a more than $2 billion revenue opportunity, according to RBC.

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Investment bank cash flow strategies that balance origination & execution

Private Equity Info

Struggling to balance deal execution efforts and sell-side deal origination? Improve cash flow by following this guide from a senior M&A executive.

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Investors should be careful: Wall Street is too eager to buy the dip in bonds, says Strategas

CNBC: Investing

Investors lured by high yields and low prices could be making a mistake if they are buying bonds these days, according to Strategas.

Investors 111
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AI innovation and disruption in M&A

PE Hub

Within the broad field of AI, there is a crucial distinction between traditional AI and generative AI. The post AI innovation and disruption in M&A appeared first on PE Hub.

M&A 104
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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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These stocks have earnings momentum heading into their reports this week

CNBC: Investing

CNBC Pro screened for the S&P 500 companies reporting this week that analysts are most excited about, leading them to lift their earnings estimates.

S&P 108
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The Competitive Edge for Sellers October ’23 Edition

Align Business Advisory Services

THE COMPETITIVE EDGE News & Views on Selling Your Business or Practice WELCOME! Welcome to our monthly update for sellers, The Competitive Edge, created specifically with you in mind. Our aim is to share news, insights, and the occasional deal announcement to give business or medical practice sellers (or those looking to to grow with. Read More » The post The Competitive Edge for Sellers October ’23 Edition appeared first on Align BA.

Medical 91
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Here's how much the options market expects Apple shares to move off earnings

CNBC: Investing

Apple reports earnings on Thursday after the bell.

Shares 108
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Searchlight invests in Mainstream Fiber Networks

PE Hub

Latham & Watkins served as legal counsel to Searchlight on the deal. The post Searchlight invests in Mainstream Fiber Networks 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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Northern Gritstone secures £312m to invest in spinouts  

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Northern Gritstone, an investor focused on university spinouts and IP-rich businesses in the North of England, has closed £312m from investors. More than £150m of funding was provided by Yorkshire, Manchester and Merseyside pension funds, while further support was secured from institutional investors including British Patient Capital (part of the British Business Bank) and Lansdowne Partners.

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Entergy to sell its gas distribution business to Bernhard Capital for about $484m

PE Hub

Headquartered in New Orleans, Entergy is a power and electricity provider to companies in Arkansas, Louisiana, Mississippi and Texas. The post Entergy to sell its gas distribution business to Bernhard Capital for about $484m appeared first on PE Hub.

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Key Documents for Selling Your Business

GillAgency

Selling your business is a complex process, and having the right documents ready is essential. Before you begin, prepare these key documents: Financial Statements: Balance sheets, income statements, and cash flow statements provide insight into your business’s financial health. Tax Returns: Gather several years of federal and state tax returns to demonstrate compliance and financial history.