Tue.Sep 24, 2024

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Dialysis & Nephrology Digest - September 2024

JD Supra: Mergers

Appellate court ruling widens scope of NY fee-splitting law to include earnouts - The decision overturned a lower court ruling relating to the sale of part of a dental practice in 2015. The plaintiff agreed to sell certain assets to another dental practice for $250,000. Under the asset purchase agreement (APA), the defendant was to pay a fixed sum of $50,000, with the remainder of the purchase price parsed out in monthly installments based on: A percentage of the future monthly revenue.

Sale 299
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Salesforce snatches up Zoomin, a tool for organizing company knowledge

TechCrunch: M&A

Salesforce is on a buying spree. After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product user guides and tutorials, in one portal. The terms […] © 2024 TechCrunch.

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Intentions Matter: Acquiring Large Amounts of Voting Securities Can Trigger an HSR Filing Obligation

JD Supra: Mergers

Key Takeaways - The method of acquisition of voting securities does not matter for HSR purposes. The civil penalties for individuals or companies that miss HSR filing obligations can be significant.

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Commvault acquires data backup provider Clumio

TechCrunch: M&A

The deal is expected to close in early October. Commvault says it's not material to its earnings and that it'll be funded with cash on hand. © 2024 TechCrunch. All rights reserved. For personal use only.

Funds 222
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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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More than Just Mergers: Individual Shareholder Fined Nearly $1 Million for HSR Violation

JD Supra: Mergers

On September 18, 2024, the Federal Trade Commission (FTC) announced that Ryan Cohen, an entrepreneur and the current chairman and CEO of GameStop Corp., has agreed to pay $985,320 to settle charges that his acquisition of Wells Fargo & Company (Wells Fargo) stock violated the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) because he failed to submit an HSR filing on time.

Mergers 172

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Recent HSR enforcement action underscores that the FTC is not playing games with HSR Act violations

JD Supra: Mergers

The U.S. antitrust agencies are routinely on alert for violations of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”), even in instances where there are no competitive or otherwise apparent antitrust concerns.

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“Understanding Activism” Podcast: Greg Taxin of Spotlight Advisors

Deal Lawyers

In our latest “Understanding Activism with John & J.T.” podcast, my co-host J.T. Ho and I were joined by Greg Taxin, Founder & Managing Member of Spotlight Advisors, to discuss the current environment for shareholder activism.

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FTC Imposes Nearly $1 Million Fine in HSR Enforcement Action Against Activist Investor

JD Supra: Mergers

On Wednesday, September 18, the Federal Trade Commission (FTC) announced a settlement agreement with prominent activist investor and GameStop CEO Ryan Cohen. Under the agreement, Cohen will pay a $985,320 civil penalty for failing to file the required notification under the Hart-Scott-Rodino (HSR) Act before completing his purchase of more than 562,000 shares of Wells Fargo & Company stock.

Investors 167
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Succesful traders combine data-driven analysis with traditional trading acumen

The TRADE

How are skillsets on the desk having to evolve as the market becomes increasingly technological? The required skillsets on a buy-side FX trading desk are undergoing significant transformation due to technological advancements. Traditional skills, while still essential, are increasingly supplemented by a robust understanding of data analytics, algorithmic trading and technological tools.

Trading 113
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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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New Regulatory Challenges for Private Equity and Hedge Fund Healthcare Transactions: Understanding the Impact of California’s AB 3129

JD Supra: Mergers

California’s healthcare ecosystem may soon experience significant regulatory changes as Assembly Bill 3129 (AB 3129) heads to Gov. Gavin Newsom's desk for approval.

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Antitrust Cases and Monopoly Lawsuits: Here Are Major Companies Sued by the U.S.

The New York Times: Mergers, Acquisitions and Dive

Below are 15 major cases brought by the Justice Department and Federal Trade Commission since late 2020, as President Biden’s top antitrust enforcers have promised to sue monopolies and block big mergers.

Mergers 114
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Uptick in the Value of Megadeals and Sponsor Transactions Signal a Further M&A Rebound

JD Supra: Mergers

Aggregate global M&A deal value is up significantly in 2024 (even though deal volume is down), driven in large part by the announcement of megadeals in the U.S., and reflecting an appetite for dealmaking in the medium term.

M&A 161
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Meet the Latin American e-commerce platform that's outperforming Amazon this year

CNBC: Investing

MercadoLibre has emerged as a top pick on Wall Street as investors search for tech opportunities beyond the Magnificent Seven.

Investors 127
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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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Court of Chancery Invalidates Election of Directors Where Board Improperly Set the Record Date

JD Supra: Mergers

Sections 205 and 225 of the Delaware General Corporation Law facilitate prompt determinations of the validity of corporate actions. The former permits the Delaware Court of Chancery to validate defective corporate acts under certain circumstances, thereby upholding actions taken in reliance upon the validity of those acts. Section 225 provides a prompt determination of who rightfully serve as the managers of a Delaware corporation, thereby allowing the company and third parties to act with.

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Morgan Stanley sees this energy stock doubling on a large data center deal like Three Mile Island

CNBC: Investing

Constellation Energy's contract to help power Microsoft's data centers demonstrates tech companies are willing to pay a premium for reliable energy.

Stock 114
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FTC Issues $1 Million Civil Penalty for HSR Act Violation

JD Supra: Mergers

While companies wait for the new Hart-Scott-Rodino (HSR) Act filing requirements to be finalized, the Federal Trade Commission (FTC) made headlines by filing an enforcement action against and obtaining nearly $1 million in civil penalties from a GameStop executive for failing to submit an HSR notification prior to acquiring voting securities on the open market.

Trading 143
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Layered Protection for RADIUS With Cisco

Cisco: M&A

Learn how Cisco’s unique integrations protect RADIUS authentications when connecting to the network.

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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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Village Farms International Acquires Remaining Equity Ownership Interest in Leli Holland

Global Newswire by Notified: M&A

– Village Farms now owns 100% of Leli Holland, one of 10 licensed producers in the Dutch cannabis program – – Company recently completed construction of.

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Nvidia leads list of 10-bagger stocks the last five years. But be careful

CNBC: Investing

Trivariate Research screened for stocks that have gained ten-fold in a 5-year period over the last quarter century.

Stock 88
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Court Approves Complete Solar Purchase of SunPower Assets

Global Newswire by Notified: M&A

Bankruptcy Court has approved the sale of of SunPower's Blue Raven, New Homes and Dealer business to Complete Solar for $45 million.

Sale 84
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Wednesday's big stock stories: What's likely to move the market in the next trading session

CNBC: Investing

Stocks extended their rally on Tuesday, with the Dow and the S&P 500 hitting new records. Here's what CNBC is watching going into Wednesday.

S&P 68
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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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SSGA launches first actively managed corporate and municipal target maturity ETFs in the US

The TRADE

State Street Global Advisors (SSGA) has launched the first actively managed corporate and municipal target maturity bond ETFs in the US market. Named SPDR SSGA MyIncome ETFs, the suite looks to offer investors the ability to build their own custom bond ladder portfolios to manage their respective cash flow, interest rate risk, and liquidity needs. The suite consists of 14 actively managed target maturity ETFs with various maturity years ranging from 2026 to 2034.

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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Walmart, Salesforce, Starbucks, Amazon & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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European Commission raids Deutsche Boerse over alleged derivatives-related antitrust violations

The TRADE

The European Commission is currently carrying out unannounced antitrust inspections at the premises of Deutsche Boerse, The TRADE understands. “We confirm the EU Commission’s investigation and are fully cooperating. We do not comment on ongoing investigations,” said Deutsche Boerse when approached by The TRADE. Specifically, the inspection relates to potential violations of EU antitrust rules linked to financial derivatives that prohibit restrictive business practices – Article 101 of the

Trading 57
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Goldman sees this biotech fighting rare diseases rallying 35%

CNBC: Investing

The bank initiated coverage at a buy rating.

Banking 107
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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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PayMate Announces Intent to Acquire DigiAsia

Global Newswire by Notified: M&A

Valuing DigiAsia at US $400 Million Introduces PayMate in Indonesia with Immediate Market Share Expansion, Targeting 2025 Public Listing MUMBAI, India.

Shares 65
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Jefferies says sell the pop in Starbucks stock on new CEO enthusiasm, long turnaround ahead

CNBC: Investing

The Wall Street firm downgraded its rating on the stock and slashed its price target, believing that uncertainty in the near term is high.

Stock 62
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Cipher Mining Announces the Closing of its Acquisition of Barber Lake 300 MW Data Center Site

Global Newswire by Notified: M&A

Completed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market