Wed.Sep 04, 2024

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July 2024 HSR Transactions: What GDP Growth and Economic Trends Mean for eDiscovery

JD Supra: Mergers

ComplexDiscovery’s Editor’s Note: This article provides a detailed analysis of the July 2024 HSR transaction data and key economic indicators, emphasizing their impact on the eDiscovery sector. It explores the implications of GDP growth, personal income trends, and inflationary pressures on legal budgets and strategic spending within various industries.

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Earnouts: Chancery Decision Offers Tips for Drafting Acceleration Provisions

Deal Lawyers

In late August, the Chancery Court declined to dismiss claims a buyer breached an SPA by failing to make certain earnout payments. At issue in Medal v. Beckett Collectibles (Del.Ch.; 8/24) was whether the earnout payments had been accelerated under the terms of the SPA. Here’s the background from this Fried Frank memo: Section 2.

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California Legislators Pass AB 3129 to Require Notice and Consent for Private Equity and Hedge Fund Investments in Health Care

JD Supra: Mergers

The California legislature passed AB 3129 late Saturday night, the last day of the legislative session. The final bill included some amendments in the final days of the legislative session that carved out certain types of transactions and health care providers from the scope of the bill.

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Biden Expected to Block U.S. Steel Takeover

The New York Times: Mergers, Acquisitions and Dive

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.

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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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Brussels Regulatory Brief: Summer 2024

JD Supra: Mergers

Antitrust and Competition - The European Commission Opens an Investigation into Alleged Market Allocation and No-Poach Agreements in the Online Food Delivery Sector - On 23 July 2024, the Commission opened an antitrust investigation against two large online food delivery companies (Companies) in the European Economic Area (EEA).

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Illumina/Grail: EU Court Overturns Below-Threshold Merger Review Policy

JD Supra: Mergers

On September 3, 2024, the EU’s highest court, the European Court of Justice (ECJ), ruled that the European Commission (EC) had no jurisdiction to review Illumina’s acquisition of Grail, overturning the EU’s revised Article 22 policy. While a somewhat pyrrhic victory for Illumina, as it had divested Grail in June 2024 based on an EC order, many consider the judgment to be a welcome rebuke of jurisdictional overreach.

Mergers 177
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Citadel equity trader returns to Citi after four years

The TRADE

Vincent Hall has joined Citi as an equity trader following two years at Citadel where he served in the same role. He returns to Citi after four years, having previously worked at the firm as associate vice president in emerging markets equity trading. Elsewhere in his career, Hall has also worked at BlackRock as an associate. Read more: Fireside Friday with… Citi’s Chris Gooch Earlier this year, Citi appointed Jamie Miller as new head of electronic equity sales trading for the EMEA region , as

Equities 101
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Warranties and indemnities insurance take center stage in M&A transactions in Africa

JD Supra: Mergers

In most M&A transactions, after the parties have negotiated the basic commercial terms, they then negotiate the warranties and indemnities (W&I). Generally, buyers want the anticipated value of their purchase without any surprises after the deal closes. For this reason, some buyers often require extensive warranties eliciting certain disclosures from the sellers that can either be indemnified or result in a portion of the purchase price being retained as collateral until the identified i

M&A 172
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Leveraging Threat Intelligence in Cisco Secure Network Analytics

Cisco: M&A

Cisco Secure Network Analytics provides pervasive network visibility and security analytics for advanced protection across the extended network and cloud. The purpose of this blog is to review two methods of using threat intelligence in Secure Network Analytics.

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Provide Real Value in Your Applications with Data and Analytics

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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DOJ, FTC, DOL, and NLRB Join Forces and Announce Memorandum of Understanding on Labor Issues in Merger Investigations

JD Supra: Mergers

On August 28, the US Department of Justice (DOJ) Antitrust Division, which enforces the US antitrust laws including the Sherman Act and Clayton Act, and the Federal Trade Commission (FTC), which enforces the Federal Trade Commission Act and other laws and regulations prohibiting unfair methods of competition (together, Antitrust Agencies), along with the US Department of Labor (DOL) and National Labor Relations Board (NLRB) (together, Labor Agencies), announced that they entered into a.

Mergers 172
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Three myths preventing you from building your lifecycle practice

Cisco: M&A

Unlock 3X more recurring revenue by building a lifecycle practice with Cisco. Overcome common myths with help from Cisco distributors, enhancing customer experience and boosting profitability with streamlined support and expertise.

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Energy & Sustainability M&A Activity — September 2024

JD Supra: Mergers

August 01, 2024: SEAM Group, a B2B business products and services company that provides safety, reliability, maintenance, and enterprise asset management services in the hospitality, food processing, and pharmaceutical industries, was acquired by ABB for an undisclosed amount.

M&A 167
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Connectivity they can count on: Claflin University’s tech revolution

Cisco: M&A

Technology modernizations, reliable broadband access, and upskilling are transforming the way Claflin University delivers a high-quality education and how students and the community can now connect in ways they've never connected before.

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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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Important Delaware General Corporation Law Amendments Are Signed into Law amid Recent Delaware Chancery Court Decisions

JD Supra: Mergers

The Delaware legislature adopted DGCL amendments that restore contract certainty for merger and stockholder agreements. The Delaware General Corporation Law (DGCL) now codifies the power of corporations to enter into valid and enforceable agreements with stockholders concerning certain governance rights regardless of whether such rights are expressly provided for in a corporation’s charter.

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Here are JPMorgan’s top stock picks for September

CNBC: Investing

JPMorgan has unveiled its September Analyst Focus List, including three additions and four removals from August.

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Seventh Circuit Clarifies Parties’ Rights to a Jury Trial When Pursuing Equitable Aiding and Abetting Breach of Fiduciary Duty Claims

JD Supra: Mergers

The Seventh Circuit recently analyzed when a party has a right to a jury trial for claims of aiding and abetting breaches of fiduciary duties arising out of a merger. The Court acknowledged that the Delaware-law claims at issue were “analogous to actions historically brought in courts of equity.” The stockholder sought legal relief, however, which triggered the Seventh Amendment’s jury right.

Mergers 161
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Nordstrom Family Offers $3.8 Billion to Buy Its Namesake Retailer

The New York Times: Mergers, Acquisitions and Dive

The $23-per-share offer by the department store’s founding family comes as retailers struggle to navigate new shopping trends and costly real estate.

Retail 75
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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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[Video] What Goes On Inside Your Boardroom? Investors Want To Know

JD Supra: Mergers

Skadden’s Ann Beth Stebbins and guests Allie Rutherford and Adrienne Monley of PJT Camberview discuss how a company can best communicate to investors what makes its board effective – not just the mix of skills individual directors bring, but also the way the board functions and the way it draws on outside expertise when needed.

Investors 155
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BlueX trading technology platform goes live with aim to bolster FX trading efficiency

The TRADE

New FX trading technology platform BlueX has announced its official go-live, having executed its first production trades. The development follows BlueX being granted its licence by the Jersey Financial Services Commission (JFSC). The platform offers trading tools and workflow automation, providing global institutional market participants versatile and efficient trading solutions.

Trading 62
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New York and Connecticut AGs Close Northwell-Nuvance Antitrust Investigations With Assurances From the Health Systems

JD Supra: Mergers

Last February, New York-based Northwell Health and Connecticut-based Nuvance Health announced that they had entered into an agreement under which the health systems would merge. Thereafter, the New York State Office of Attorney General and the Connecticut Office of Attorney General (AGs) each commenced an investigation concerning the competitive implications of the proposed affiliation.

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There are more turbulent market days ahead this third quarter, according to the charts

CNBC: Investing

Frank Cappelleri breaks down the charts on the Cboe Volatility Index and the S&P 500.

S&P 105
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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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Ratification of Defective Corporate Acts: An Overview

JD Supra: Mergers

What Steps Does a Board Need to Take to Ratify a Defective Corporate Act? 1. Draft a Resolution. For each act that needs ratification, the resolution must include: (a) the defective act, (b) the date the act occurred, (c) the nature of the failed authorization and (d) a statement that the board approves the ratification.

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Old Dominion University Unveils the Ellmer College of Health Sciences’ New Home

Global Newswire by Notified: M&A

The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics. The three-story, state-of-the-art facility serves as a gateway for experiential learning, research and two public-facing clinics.

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A small-cap portfolio manager says these stocks will thrive even in a slow growth environment

CNBC: Investing

Needham's portfolio manager Chris Retzler believes the economy will continue to slow, but he is bullish on a few names insulated from the macro uncertainty.

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German government agrees proposals for tax relief on EVs

Global Banking & Finance

BERLIN (Reuters) -Germany’s coalition government has agreed to a proposal for tax reductions to promote the use of electric cars, after last year abruptly ending a subsidy programme designed to help speed up the green transition.

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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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Why Wall Street can't have another weak U.S. jobs report

CNBC: Investing

The upcoming jobs data is expected to be stronger than the last, but a miss has the potential to dent the stock recovery rally just as it gets going.

Stock 63
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Private Equity Firms Are Here to Stay

Focus Investment Banking

By: Mike Manges Hopefully, you’ve had an opportunity to peruse the 2024 MTD 100 , our list of the largest tire dealerships in the United States, published in the July edition of MTD. I’ve looked at it many times! When examining the MTD 100, patterns, trends and takeaways always become visible. My biggest takeaway from this year’s MTD 100 is the growing number of large tire dealerships that are either owned or backed by private equity groups.

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Thursday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The S&P 500 and the Nasdaq Composite booked back-to-back losses on Wednesday. Here's what CNBC TV is watching going into Thursday.

S&P 66