JD Supra: Mergers
SEPTEMBER 27, 2024
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.
Deal Lawyers
SEPTEMBER 27, 2024
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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JD Supra: Mergers
SEPTEMBER 27, 2024
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.
CNBC: Investing
SEPTEMBER 27, 2024
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said.
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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?
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The New York Times: Mergers, Acquisitions and Dive
SEPTEMBER 27, 2024
Frank McCourt hopes to make TikTok safer to use. He’ll have to buy it first.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The TRADE
SEPTEMBER 27, 2024
Liquidnet has appointed Amanda Lee Volk as trade coverage/execution consultant for its New York desk. As part of the role, Volk will focus on providing primary account coverage for Liquidnet ATS members, which includes institutional, hedge, quant, multi-strategy and index funds. Volk brings 18 years’ experience to the role from Nomura, with particular expertise in the ATS block and algo trading space.
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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
CNBC: Investing
SEPTEMBER 27, 2024
Carter Worth breaks down the chart in Stanley Black & Decker.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The TRADE
SEPTEMBER 27, 2024
The T+1 technical group (TGT) of the UK Accelerated Settlement taskforce (AST) has published its proposed recommendations for a transition to T+1 in the UK, calling for market participants to review and provide feedback. The report outlines 43 ‘principal recommendations’, covering critical post-trade activities that firms must be able to complete efficiently in a T+1 environment.
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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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
CNBC: Investing
SEPTEMBER 27, 2024
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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The New York Times: Banking
SEPTEMBER 27, 2024
A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between Libya’s eastern and western factions.
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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The New York Times: Mergers, Acquisitions and Dive
SEPTEMBER 27, 2024
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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
Sun Acquisitions
SEPTEMBER 27, 2024
In the dynamic business world, mergers and acquisitions (M&A) often serve as potent catalysts for growth, reshaping industries and fueling innovation. While high-profile mega-deals frequently dominate headlines, mid-market transactions usually harbor invaluable lessons for aspiring entrepreneurs and seasoned executives. With deal sizes ranging from tens of millions to a few billion dollars, these transactions offer a fertile ground for studying the anatomy of successful M&A endeavors.
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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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The TRADE
SEPTEMBER 27, 2024
How impactful could Generative AI be in financial markets? Gen-AI is far more than just a trendy term; if you stop to consider it, it’s akin to a significant technological revolution, comparable in magnitude to the advent of the steam engine, electricity, computers, or the internet. Generative AI enables the provision of on-demand intelligence, which is especially crucial in finance.
JD Supra: Mergers
SEPTEMBER 27, 2024
Food Venture Financing Trends - Formo, a fermentation startup that develops alternative cheeses, announced that it raised $61 million in its Series B round.
CNBC: Investing
SEPTEMBER 27, 2024
Of the S&P 500's top 10 performers of the month, analysts see seven of the stocks rising from current levels.
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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.
JD Supra: Mergers
SEPTEMBER 27, 2024
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.
The Guardian: Mergers & Acquisitions
SEPTEMBER 27, 2024
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
JD Supra: Mergers
SEPTEMBER 27, 2024
The M&A landscape is beginning to evolve, with shifts in market dynamics shaping deal terms and bargaining dynamics for 2024 and beyond.
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