Fri.Sep 27, 2024

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FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations

JD Supra: Mergers

Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes.

Mergers 314
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The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway

CNBC: Investing

The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said.

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OFAC’s Stated Concern About Foreign Companies and Domestic Sanctions Compliance and Post-Acquisition Compliance (Party IV of IV)

JD Supra: Mergers

Foreign companies with U.S. operations are struggling to navigate the landscape of sanctions compliance. OFAC has expressed its concern that foreign companies need to deploy U.S. based expertise and resources to ensure compliance with sanctions.

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This old-line industrial stock is making a classic bearish-to-bullish reversal, says Carter Worth

CNBC: Investing

Carter Worth breaks down the chart in Stanley Black & Decker.

Stock 120
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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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Business Restructuring Review Vo. 23 No. 5 - September–October 2024

JD Supra: Mergers

The Singapore International Commercial Court (the "SICC"), a division of the General Division of the High Court and part of the Supreme Court of Singapore, was established in 2015 as a trusted neutral forum to meet increasing demand for effective transnational dispute resolution.

Business 188

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Navigating the Dynamic M&A Landscape in the Sports Apparel Industry

JD Supra: Mergers

The mergers and acquisitions (M&A) landscape in the sports industry has remained notably active and attractive to investors, driven by continuous digital transformation and global franchise investments. Since 1985, the sports industry has recorded 5,724 M&A transactions, amounting to $1.7 trillion, highlighting a sustained growth trajectory.

M&A 183
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Can TikTok Be Reformed? This Billionaire Wants to Try.

The New York Times: Mergers, Acquisitions and Dive

Frank McCourt hopes to make TikTok safer to use. He’ll have to buy it first.

IT 114
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European Commission President Unveils Proposed New Team of EU Commissioners and Political Priorities

JD Supra: Mergers

The Situation: On September 17, 2024, European Commission President Ursula von der Leyen unveiled her new proposed College of Commissioners and announced key European Union ("EU") policy priorities for the next five years.

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National Security: Is CFIUS Incentivizing Parties Not to File Voluntarily?

Deal Lawyers

According to a recent Cooley memo, CFIUS is increasingly relying on a “one size fits all” approach to national security agreements entered into in order to mitigate potential issues identified during its transaction review process.

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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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The Outlook for M&A Activity in Q4 2024

JD Supra: Mergers

In a highly anticipated move, the Federal Reserve announced an interest rate cut on September 18, reducing rates by 50 basis points to a range of 4.75-5%. This is the first rate cut in four years after interest rates hit a 23-year high. Much speculation swirled around how aggressive the Fed would be on this first cut, and they decided to go big.

M&A 183
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Talks Between European Banks May Kick-Start More Cross-Border Deals

The New York Times: Banking

Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.

Banking 99
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2024 M&A Outlook: How Changing Deal Terms Reflect a Shifting Market

JD Supra: Mergers

The M&A landscape is beginning to evolve, with shifts in market dynamics shaping deal terms and bargaining dynamics for 2024 and beyond.

M&A 177
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Telegraph auction: New York Sun owner a frontrunner as deadline looms

The Guardian: Mergers & Acquisitions

Suitors such as Dovid Efune and new Spectator owner Paul Marshall have until end of Friday to submit offers Potential suitors to buy the Daily and Sunday Telegraph have until the end of Friday to submit second-round offers, with the US owner of the New York Sun and Sir Paul Marshall, the backer of GB News and the new owner of the Spectator, viewed as the frontrunners to win the auction.

Funds 93
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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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Food Venture Financing News - Weekly Issue No. 206

JD Supra: Mergers

Food Venture Financing Trends - Formo, a fermentation startup that develops alternative cheeses, announced that it raised $61 million in its Series B round.

Food 177
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These are September’s top-performing S&P 500 stocks. Where analysts see them going next

CNBC: Investing

Of the S&P 500's top 10 performers of the month, analysts see seven of the stocks rising from current levels.

S&P 83
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SBA Seeks to Make Changes to Recertification Requirements for Multiple-Award Contracts

JD Supra: Mergers

On August 23, the U.S. Small Business Administration (SBA) issued a proposed rule that would make significant changes to SBA’s recertification requirements. Most notably, the rule would change when size and socioeconomic status are determined and amend when a contractor’s eligibility under certain multiple-award contracts upon recertification.

Business 171
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Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says

The New York Times: Mergers, Acquisitions and Dive

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.

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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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Drafting Oversight Costs Seller $109 Million: The Save Mart Case

JD Supra: Mergers

On February 28, 2024, the Delaware Court of Chancery “reluctantly” confirmed an arbitrator’s award, leaving many in the private equity community surprised. This decision led to MP Seller Holdings LLC (Seller), seller of a $40 million grocery store chain, Save Mart Supermarkets, LLC (Save Mart), being obligated to pay SM Buyer LLC (Buyer) $87 million in a post-closing purchase price adjustment.

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Two major deals coming soon may help jumpstart the IPO market

CNBC: Investing

The S&P 500 has been cracking fresh highs, but the IPO market remains sluggish in 2024. Market observers hope two new deals could help thaw things out.

IPO 80
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Other Financial Services - UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024

JD Supra: Mergers

Asset / Wealth Management - Current market: Consistently high M&A activity levels - We are seeing: Europe’s barbell becomes more pronounced—larger asset / wealth managers swallow smaller competitors at pace: - Larger deals remain rare (e.g., Altor’s acquisition of Mandatum) - Medium-sized deals—UK retains its crown for consolidation activity (e.g., LGT’s acquisition of abrdn Capital as well as abrdn Smaller Companies Income Trust & Shires Income merger) - Smaller deals—France replaces.

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Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus

CNBC: Investing

These commodity stocks could win big in a deal to boost China's struggling economy, according to Morgan Stanley.

Stock 78
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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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Key takeaways from the LSX World Congress USA

JD Supra: Mergers

On September 11-12, we had the pleasure of attending the LSX World Congress USA in Boston, where leaders discussed the challenges and opportunities of M&A and partnerships in the pharmaceutical sector.

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Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

The Guardian: Mergers & Acquisitions

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal Rupert Murdoch’s REA Group has made a fourth attempt to buy Rightmove, increasing its offer to £6.2bn as it steps up its pursuit of the UK’s largest online property portal. The Australian property group, which is controlled by News Corp, raised its cash and shares offer from the £6.1bn offered earlier this week and called on Rightmove’s board to “engage now” after it repeatedly refused to m

Shares 78
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Earnout Payments in Life Sciences and HealthTech M&A: Seller Beware

JD Supra: Mergers

Earnout provisions are common in life sciences and healthtech mergers and acquisitions, particularly when an acquired company may add significant value after closing. This can occur if the acquired business has a product in Phase 3 clinical trials or a new product with an uncertain sales ramp.

M&A 165
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Friday's analyst calls: Casino stock gets an upgrade, Deutsche Bank calls Dell an AI winner

CNBC: Investing

A casino operator and a PC maker were among the stocks being talked about by analysts on Friday.

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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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Cook Medical Sells Lead Management Portfolio to Merit Medical

JD Supra: Mergers

Cook Medical recently announced it is selling its lead management portfolio to Merit Medical. Cook Medical is a medical device manufacturer with a portfolio of products used in lead management procedures, including for patients who need a pacemaker or an implantable cardioverter-defibrillator lead removed or replaced.

Medical 165
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Black Hat 2024: SOC in the NOC

Cisco: M&A

The Black Hat Network Operations Center (NOC) provides a high-security, high-availability network in one of the most demanding environments in the world: the Black Hat event. The NOC partners are selected by Black Hat, with Arista, Cisco, Corelight, Lumen, NetWitness and Palo Alto Networks delivering from Las Vegas this year.

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2024 CFIUS Developments: Implications for Japanese Investors in the United States

JD Supra: Mergers

In April, the Committee on Foreign Investment in the United States (CFIUS) issued a Notice of Proposed Rulemaking (NPRM) to “enhance certain CFIUS procedures and sharpen its penalty and enforcement authorities.” If CFIUS finalizes and implements these proposals, the NPRM would increase the maximum civil monetary penalties for CFIUS violations, such as material misstatements, failures to make mandatory filings, and violations of mitigation agreements.

Investors 152