Wed.Feb 07, 2024

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Brita snaps up smart water bottle startup, Larq

TechCrunch: M&A

Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […] © 2024 TechCrunch.

IT 334
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Looking ahead: The Bermuda insurance M&A horizon in 2024

JD Supra: Mergers

2023 was a fairly gloomy year for global M&A activity and the insurance sector did not emerge unscathed, recording its lowest deals count since 20201. The good news, however, is that insurance M&A activity appears poised for a rebound in 2024 in light of an apparent stabilisation of global interest rates, lower levels of inflation, and a perceived correction in previously overinflated market valuations.

M&A 188
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Beamer buys Userflow to build a consolidated product engagement platform

TechCrunch: M&A

It’s M&A season in a tough tech jobs market. This morning, Beamer, a Boulder, Colorado-based company developing tools for businesses to reach users through their apps (e.g. via push notifications), announced that it’s acquiring Userflow, a user onboarding software startup, for $60 million. Beamer CEO Satya Ganni says that the purchase, which is being financially […] © 2024 TechCrunch.

M&A 211
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DOJ, FTC Issue Guidance Regarding Preservation of Employees’ Chat Messages for Merger Investigations, Subpoenas and CIDs

JD Supra: Mergers

On January 26, 2024, the Department of Justice (DOJ) and Federal Trade Commission (FTC) announced updated guidance relating to parties’ obligations to preserve communications generated on ephemeral messaging platforms, such as Microsoft Teams and Slack, that automatically erase communications (typically after a short period of time). In particular, the agencies have updated the language included in their “standard preservation letters and specifications for all second requests, voluntary access.

Mergers 177
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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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Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

CNBC: Investing

Pershing Square's Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.

Investors 145
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OCC Proposed Policy Statement Sheds Insight into Thinking on Business Combo Review Process

JD Supra: Mergers

In an effort to increase transparency in the Bank Merger Act (BMA) approval process, the Office of the Comptroller of the Currency (OCC) has recently issued a proposed policy statement (the “Policy Statement”) which is intended to provide insight into the principles the OCC would apply when reviewing BMA applications. Coupled with the proposed Policy Statement are two proposed regulatory amendments to eliminate expedited review procedures in the context of business combination transactions.

Business 165

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Quarterly Healthcare Transactions Review: Unveiling the Latest Industry Mergers and Acquisitions [January]

JD Supra: Mergers

Ankura is pleased to present an overview of healthcare transactions announced or closed during Q3 2023 in the United States. Total transactions decreased by 13.7% in the third quarter of 2023 after increasing by 4.9% in the second quarter. Excluding the Life Sciences and Medical Office Buildings sectors, the total number of transactions in the United States decreased by 16.4%.

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Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years

CNBC: Investing

Ark Invest's Cathie Wood said she's standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off.

Stock 131
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FTC/DOJ Merger Guidelines: Assessment of Rebuttal Evidence

JD Supra: Mergers

As explained in our prior article discussing the recently- issued Merger Guidelines (“Guidelines”), the Federal Trade Commission (“FTC”) and Department of Justice (“DOJ”) (the “Agencies”) having described and discussed the Guidelines next discuss how they will assess rebuttal evidence provided by the parties in situations where, having applied the Guidelines on a fact-specific basis, the Agencies have concluded that the merger may substantially lessen competition or tend to create a monopoly.

Mergers 165
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Stocks making the biggest moves before the bell: Snap, Uber, Chipotle, Alibaba and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

Stock 127
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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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EIB Investment Report 2023/2024

European Investment Bank

The European economy is under pressure. Growth is slowing and competitive challenges are rising, all while EU firms navigate the demands of the green transition. Coordinated support from national governments and EU institutions proved critical after the COVID-19 pandemic, helping Europe to bolster its resilience to future shocks and spurring the investment needed to transform and modernise the economy.

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This volatile ETF not for the faint-hearted might be breaking out, according to the charts

CNBC: Investing

This cannabis ETF's recent comeback has kicked started positive momentum where the other false starts have failed over the last three years.

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Banks Face a Growing Real Estate Crisis

The New York Times: Banking

A year after the collapse of Silicon Valley Bank, investors are fearing for regional lenders saddled with a mountain of souring commercial mortgages.

Bank 104
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Investors can't get enough of tech stocks even as they dominate the S&P 500

CNBC: Investing

Investors are putting more cash into tech funds even as tech stocks come to dominate the S&P 500.

S&P 122
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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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UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn

The Guardian: Mergers & Acquisitions

Companies reach agreement over all-share offer and combined group will have turnover of more than £7bn Business live – latest updates The UK’s biggest housebuilder, Barratt, is planning to buy the rival Redrow in a deal worth more than £2.5bn. An update to the market this morning revealed the two companies had reached an agreement over an all-share offer from Barratt, which will result in it cementing its position as the country’s largest housebuilder.

Shares 102
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Morgan Stanley hikes Nvidia price target ahead of earnings: 'AI demand continues to surge'

CNBC: Investing

The firm raised its price target to $750, implying around 10% upside from Tuesday's close.

IT 117
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Nvidia’s stock market value on verge of overtaking Amazon

Global Banking & Finance

Nvidia’s stock market value on verge of overtaking Amazon By Noel Randewich (Reuters) – Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet.

Stock 98
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Goldman warns these are the most crowded AI-related stocks

CNBC: Investing

The enthusiasm around artificial intelligence has run up the prices for some stocks so high that investors are worried they are becoming overcrowded.

Stock 109
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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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BlackRock Aladdin business development executive joins Clearwater Analytics

The TRADE

Former BlackRock Aladdin business development managing director for EMEA, Keith Viverito, has joined Clearwater Analytics to support its global expansion plans. Keith Viverito Viverito joins Clearwater as managing director for EMEA and will be responsible for strengthening the firm’s go to market strategy in the region and Asia Pacific. “The success the Company has already achieved with significant wins across these markets where Clearwater displaced legacy competitors provides a very strong fou

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Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost

CNBC: Investing

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, while Pharma giant Eli Lilly was the beneficiary of a huge bump.

Bank 105
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Commercial Real Estate Is in Trouble. Here’s What to Focus On.

The New York Times: Banking

Is the Fed chair too blasé?

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Karen Firestone: Here’s what’s fueling mega-cap tech’s win streak into 2024

CNBC: Investing

The latest blast of quarterly results from Big Tech gives us a peek under the hood as to why these stocks have been so successful.

Stock 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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Sweet and salty: Blue Road’s Diamond Foods among companies coming to market

PE Hub

Blue Road Capital, Brynwood Partners and Union Capital are selling – or about to sell – makers of snacks and/or sweets. The post Sweet and salty: Blue Road’s Diamond Foods among companies coming to market appeared first on PE Hub.

Food 94
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These stocks could be the hardest hit if Treasury yields don't come down, says Piper Sandler

CNBC: Investing

If high Treasury yields persist, Piper Sandler thinks these stocks could see downsides.

Stock 103
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FTV Capital-backed Security Compass buys Kontra from ThriveDX

PE Hub

Based in Toronto, Security Compass is a provider of enterprise DevSecOps software solutions to ensure secure application development and risk management. The post FTV Capital-backed Security Compass buys Kontra from ThriveDX appeared first on PE Hub.

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Three stocks stocks that could replace Tesla in the Magnificent 7

CNBC: Investing

There are a few candidates that could replace Elon Musk's company in the coveted "Magnificent 7" group.

Stock 102
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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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How to Win the SMB Market with Cisco Secure Networking

Cisco: M&A

If you’ve ever run a 5K race, you know that the last mile often determines the winner.

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SSG invests in PGA Tour Enterprises

PE Hub

PGA Tour Enterprises is PGA Tour's new commercial venture. The post SSG invests in PGA Tour Enterprises appeared first on PE Hub.

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Try the New “Recommendations” Feature in Cisco Code Exchange

Cisco: M&A

A common problem with too much choice is getting overwhelmed in finding the one item that is most relevant to you.

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Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt | Nils Pratley

The Guardian: Mergers & Acquisitions

CMA should have a good poke around the rafters of a deal whose promises on housing supply are ‘gloriously loose’ UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn The way the bosses of the two companies told it, Barratt Developments’ proposed £2.5bn takeover of smaller rival Redrow was “a compelling opportunity” to do lots of virtuous things, such as increase the supply of new homes in the UK and give customers more choice.

IT 86
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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?