TechCrunch: M&A
JUNE 21, 2024
The Rockset buy fits into OpenAI's broader recent strategy of investing heavily in its enterprise sales and tech orgs. © 2024 TechCrunch. All rights reserved. For personal use only.
H. Friedman Search
JUNE 21, 2024
What do Nordstrom and Amazon have in common? The simple answer is the ease of doing business with these two great companies. Nordstrom, a famous department store on the West Coast, is known for their ability to take returns back with no questions asked, a philosophy the owners began with and has never changed in their almost one hundred twenty-five years of history.
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TechCrunch: M&A
JUNE 21, 2024
Website building platform Squarespace is selling Tock, its restaurant reservation service, to American Express in a deal worth $400 million — the exact figure that Squarespace paid for the service three years ago. Separately, AmEx will be buying Rooam, a mobile payments and ordering platform that integrates with point-of-sale systems. Terms of the Rooam deal […] © 2024 TechCrunch.
JD Supra: Mergers
JUNE 21, 2024
For most litigated mergers, the preliminary injunction hearing is decisive: if the FTC or DOJ obtains a preliminary injunction, parties frequently abandon the deal before the case is fully litigated on the merits, and conversely, if the district court denies the preliminary injunction, the FTC or DOJ generally drops the case rather than pressing on in hope of an eventual divestiture.
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.
Deal Lawyers
JUNE 21, 2024
Last night, the Delaware Legislature passed the controversial 2024 amendments to the DGCL and sent the legislation to Gov. John Carney for signature. Whatever the legislation’s merits may be, it would make sweeping changes to Delaware’s statutory corporate governance structure and create a number of thorny issues for the Chancery Court to work through.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
CNBC: Investing
JUNE 21, 2024
On Thursday, the S&P 500 briefly topped 5,500 for the first time after notching its most recent record close earlier in the week.
JD Supra: Mergers
JUNE 21, 2024
When is a board of directors permitted to withhold information from one of its members? Although the Canadian corporate statutes generally grant directors a blanket right to inspect board and committee minutes, there is uncertainty as to whether a board could nonetheless withhold from a director minutes prepared in connection with a conflict of interest transaction (such as an M&A transaction in which the director has a special interest) or an internal investigation (of which the director is
CNBC: Investing
JUNE 21, 2024
Thursday's decline marked a so-called bearish engulfing pattern that often signals that the prior upward momentum is waning.
JD Supra: Mergers
JUNE 21, 2024
Key Takeaways -.Requires parties to provide notice to the New York Department of Health (“NYDOH”) of certain transactions involving “health care entities”.The parties must provide 30 days notice before closing to the NYDOH.The statute provides time for the NYDOH to review transactions, but does not grant any additional powers to block or modify transactions beyond existing New York antitrust laws.
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The Guardian: Mergers & Acquisitions
JUNE 21, 2024
The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothing Business live – latest updates Octopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb. Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb.
JD Supra: Mergers
JUNE 21, 2024
Join us for this episode of Financial Services Focus, where Lauren Pryor, Eric Edwardson, Haukur Gudmundsson and Krista Cooley dive into considerations for MSR (Mortgage Servicing Rights) fund investments and outline the complexities of MSR fund investments, touching on market structures, licensing requirements, and acquisition strategies. They discuss the trade-offs between building or buying servicing platforms and explores various methods for acquiring MSR assets, such as loan origination and
CNBC: Investing
JUNE 21, 2024
A cybersecurity company and an industrial stock were among the names being talked about by analysts on Friday.
JD Supra: Mergers
JUNE 21, 2024
Key Takeaways -.Requires parties to provide notice to the Vermont Attorney General (“VT AG”) for transactions involving Vermont hospitals that are acquiring medical practices.The parties must provide 90 days notice before closing to the VT AG.The statute provides time for the VT AG to review transactions, but does not grant any additional powers to block or modify transactions beyond existing Vermont antitrust laws.
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.
CNBC: Investing
JUNE 21, 2024
These are the stocks posting the largest moves in premarket trading.
JD Supra: Mergers
JUNE 21, 2024
Urvan v. AMMO, Inc., Consol. C.A. No. 2023-0470 PRW (Del. Ch. Feb. 27, 2024, corrected Mar. 14, 2024) - It is an axiom of Delaware law that a corporation acts through its human agents. This principle informs the causes of action available to would-be plaintiffs against a corporation and its human actors.
The New York Times: Mergers, Acquisitions and Dive
JUNE 21, 2024
The credit card company acquired Tock, a restaurant reservation company, after buying its rival, Resy, in 2019.
JD Supra: Mergers
JUNE 21, 2024
Key Takeaways -.Requires parties to provide notice to the Washington Attorney General (“WA AG”) for certain transactions involving hospitals, hospital systems, and provider organizations, as well as transactions involving providers and provider organizations that must make a filing under the HSR Act.The parties must provide 60 days notice before closing to the WA AG.The statute provides time for the WA AG to review transactions, but does not grant any additional powers to block or.
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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.
Cisco: M&A
JUNE 21, 2024
This playbook will serve as a great resource for coordinating AI security incidents among industry peers and global partners, ensuring a resilient and secure technological future
JD Supra: Mergers
JUNE 21, 2024
Key Takeaways -.Requires parties to seek approval from the Oregon Health Authority (“OHA”) for certain healthcare mergers, acquisitions, affiliations and other transactions involving “health care entities”.Under the statue, approval by OHA is required prior to closing, and parties can expect a filing to delay closing by 180 days or more.OHA can seek an injunction to block a transaction or other equitable relief.
Cisco: M&A
JUNE 21, 2024
Organizations face a critical challenge today: attackers are exploiting the weakest links in their networks, such as unsecured users, devices, and workloads. This threat landscape is complicated by the shift from traditional data centers to a distributed environment, where protecting dispersed data across multiple touchpoints becomes complex.
JD Supra: Mergers
JUNE 21, 2024
We have been reporting on the Federal Trade Commission’s continuing effort to block Novant Health’s purchase of Lake Norman Regional Medical Center and Davis Regional Psychiatric Hospital from Community Health Systems. Last week, the U.S. District Court for the Western District of North Carolina denied the FTC’s request for a preliminary injunction to stop the sale pending the FTC’s conclusion of its administrative process.
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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.
The TRADE
JUNE 21, 2024
Bloomberg has launched a new data offering on the Bloomberg Terminal which collates the data that companies have started to report as part of the EU’s Corporate Sustainability Reporting Directive (CSRD). The new offering will also be available via Data License for scalable enterprise-wide use. CSRD increases the scope of firms required to disclose ESG data publicly and widens reporting to more than 1,000 metrics covering both financial and impact materiality criteria.
JD Supra: Mergers
JUNE 21, 2024
Earlier this week, I noted that the stockholders of Fidelity Financial Inc. failed to approve a proposal to convert the corporation from a Delaware to a Nevada corporation. The vote was hardly decisive because more stockholders voted for the move than against it. Those who couldn't vote or be bothered to vote (i.e., broker non-votes and abstentions) tipped the balance.
The TRADE
JUNE 21, 2024
There is a critical need for the UK to set a date to switch to a T+1 settlement cycle and stick with it, according to US Securities Exchange Commission (SEC) chair Gary Gensler, who has urged decisiveness and even suggested a potential roadmap. “We’ve seen the benefits first-hand,” noted Gensler referencing the early success of the shift in the US, in a speech this week at the Accelerated Settlement in the UK conference. “ No doubt, there will be some market participants who raise concern
JD Supra: Mergers
JUNE 21, 2024
Key Takeaways -.Parties must obtain approval from the Rhode Island Attorney General (“RI AG”) and Department of Health (“DOH”) for certain transactions involving Rhode Island hospitals.Under the statute, the RI AG and DOH may take over 180 days to approve such transactions before the parties are permitted to close.
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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?
The TRADE
JUNE 21, 2024
When assessing the top challenges expected to be faced in the next five years, more than half (53%) of respondents ranked regulatory burden as the main issue facing their firm, according to a new report by Acuiti. Regulatory burden has been a key concern for market participants since the Global Financial Crisis in 2008, with the report from Acuiti – in partnership with FIA – adding that new frameworks are ‘lengthy and complex’, requiring significant resource mobilisation to navigate
JD Supra: Mergers
JUNE 21, 2024
The FTC lost its challenge to Novant's acquisition of two hospitals owned by Community Health Systems ("CHS") but obtained an injunction pending appeal. Soon after learning the injunction was granted, Novant dropped the proposed acquisition. Reactions are likely to be mixed: on one side, the FTC and others will likely claim another victory for consumers – that there was clear error that would have been fixed in the Fourth Circuit (or Supreme Court); on the other, critics will say this is another
European Investment Bank
JUNE 21, 2024
The European economy has shown remarkable resilience in the past years, through the COVID pandemic, Russia’s aggression against Ukraine, the resulting energy shock, inflation and rising interest rates, the growing impact of climate change and accelerated digitalisation. The European Investment Bank Group has played an increasingly important role in supporting this resilience.
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