Mon.Jan 22, 2024

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Boston Scientific to Acquire Axonics for $3.7 Billion

JD Supra: Mergers

Boston Scientific Corporation (“Boston Scientific”) announced on January 8 that it has entered into a definitive agreement to acquire Axonics, Inc. (“Axonics”) for an equity value of approximately $3.7 billion. The timing of the announcement coincided with the start of the 42nd Annual J.P. Morgan Healthcare Conference in San Francisco, which also saw the announcement of major acquisitions by large players in the pharmaceutical space.

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Trends in #MeToo Representations

Deal Lawyers

This K&L Gates alert discusses the ABA Mergers & Acquisitions Committee’s 2023 Private Target Deal Points Study. The new data points in this year’s study include “a more nuanced look at #MeToo representations.

Mergers 113
Insiders

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Brazil’s New Tax Rules for Infrastructure Investments

JD Supra: Mergers

Below we list some key tax legislative changes that are relevant to new investments in infrastructure projects and that are already in force or have been announced by the government and are under discussion in the National Congress.

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Stock market hits new high after 2 years, overcoming a nasty inflation period and surging rates

CNBC: Investing

When the S&P was at roughly today's level two years ago, little did investors know it was walking into the nastiest inflation episode in 50 years.

S&P 126
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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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Developments in Reverse Merger Transactions: “Shell Company” Definition and New Constraints on Resales of Securities Acquired in Rule 145 Transactions

JD Supra: Mergers

The Staff of the Division of Corporation Finance at the Securities and Exchange Commission (SEC) has recently begun issuing comment letters in the life sciences reverse merger (RM) context that involve a broadened interpretation of the definition of “shell company" for the purposes of applicable SEC rules.

Mergers 172

More Trending

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EU Court of Justice Ruling on M&A ‘Gun-Jumping’ Sets 115 Million-Euro Fine

JD Supra: Mergers

Merger review has become an ever more critical path to successful M&A completion, as enforcement agencies, including the European Commission (EC), apply closer scrutiny to potential anti-competitive effects of M&A deals. With closing timelines extended as a result, and because parties need to comply with mandatory “standstill” rules pending merger clearance, pre-closing integration planning and interaction have become more critical.

M&A 161
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Greenlight’s David Einhorn ends his buyers' strike, finds a few 'promising' new stocks

CNBC: Investing

"We ended our buyers' strike and found several promising new investments that we believe will help us in 2024," the hedge fund manager said.

Funds 110
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CFIUS & Export Controls: The Foreign Investment Regulations Putting Buyers, Sellers, and M&A Practitioners at Risk

JD Supra: Mergers

In recent memory, enforcement of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) regulations has been mostly limited and sporadic. But recently, the U.S. government is reviving and enhancing these regulations as a direct response to the national security and foreign policy concerns ensuing from an increasingly tumultuous geopolitical environment.

M&A 155
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How DLT could help with green bonds

Accenture Capital Markets

As world leaders gathered in Dubai for the COP28 summit last month, the battle against climate change has returned to the top of the public, political and business agendas. But whatever commitments were made by governments and corporations alike (e.g., around reducing carbon emissions), what will really matter is that the delivery against these commitments is both credible and provable.

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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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Fraud Claim Held Not Duplicative of a Single Page Contract

JD Supra: Mergers

A common theme in commercial litigation is the assertion of a breach of contract claim and a fraudulent inducement claim. A plaintiff claiming a breach of contract must show (1) the existence of a contract; (2) the plaintiff’s performance under that agreement; (3) the defendant’s breach of its obligations; and (4) damages resulting from the breach.

IT 155
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Rainmaker Worldwide Inc. Finalizes the Acquisition of Miranda Water Treatment Systems

Global Newswire by Notified: M&A

PETERBOROUGH, Ontario, Jan. 22, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Rainmaker Worldwide Inc., Ontario, (“RWI”) a subsidiary of Rainmaker Worldwide Inc., Nevada (“Rainmaker” or “RAKR”) and Miranda Water Treatment Systems (“Miranda”) have finalized the transfer of Miranda shares and Michael Skinner, managing partner of Viva Industries Inc., has assumed the role of Chairman and CEO of Miranda.

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Not Done Yet—Employee Benefits Plan Transition and Integration Decisions Continue After M&A Transactions Close

JD Supra: Mergers

Patrick Rehfield focuses on matters related to executive compensation, payroll tax, and employee fringe benefits. He advises private and public companies on designing and implementing nonqualified retirement plans, equity compensation plans, and executive compensation arrangements. He also counsels publicly traded companies on reporting and compliance matters involving the SEC, with a focus on proxy and disclosure issues, executive compensation, and corporate governance.

M&A 155
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Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’

The New York Times: Mergers, Acquisitions and Dive

The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.

Retail 95
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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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IPO watchers are pinning hopes for recovery on a strong stock market and the AI boom

CNBC: Investing

Markets are at new highs, interest rates have been trending lower, IPO filings have been modestly active, and there is hope the calendar is going to pick up.

IPO 103
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Meet ENNA, the New Cisco Enterprise Network Assurance (ENNA) Specialist Certification

Cisco: M&A

Imagine having visibility into the internet—including cloud and service providers—and being able to measure the impact on your applications, services, and users.

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Wall Street is bullish on mortgage-backed securities for their juicy yields and attractive fundamentals

CNBC: Investing

For investors looking for high-quality income, with the potential for significant total return, agency mortgage-backed securities may be the answer.

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Gryphon-backed Kano acquires Super Lube and Synco brands

PE Hub

Nashville-based Kano is a producer of penetrating oils and lubricants for industrial maintenance, repair, and operations, and professional specialty trade markets. The post Gryphon-backed Kano acquires Super Lube and Synco brands appeared first on PE Hub.

Trading 85
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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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Analysts think these tech stocks could rise even as the S&P 500 hits a record high

CNBC: Investing

The technology sector has boosted equities to new heights this year, but there could still be some winning tech stocks with room to rally.

S&P 104
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Marathon Gold Announces Receipt of Final Court Order for Arrangement with Calibre

Global Newswire by Notified: M&A

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“ Marathon ”; TSX: MOZ) is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with the previously announced statutory plan of arrangement (the “ Arrangement ”) involving Marathon and Calibre Mining Corp. (“ Calibre ”) pursuant to which Marathon shareholders (other than Calibre) will receive 0.6164 of a common share of Calibre for each common share of Marat

Shares 90
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A simple, low-cost protection trade for those doubting this bull market

CNBC: Investing

Mike Khouw discusses how stocks don't typically rise from elevated valuations as rates rise and the economy slows.

Valuation 100
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Pressure BioSciences Announces Closing of Uncle Bud’s Acquisition in All-Stock Transaction, Completing UltraShear Nanoemulsions Forward Integration with World Class Marketing & Sales

Global Newswire by Notified: M&A

Pressure BioSciences Completes Acquisition of Uncle Bud's Hemp.

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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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Bitcoin ETFs aren't giving crypto a big boost just yet. Here's where the new funds stand

CNBC: Investing

Two of the new bitcoin ETFs have pulled in more than $1 billion despite a slump for the cryptocurrency.

Funds 108
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Blackstone invests in engineering and technical services firm Salas O’Brien

PE Hub

Salas O’Brien will continue to be majority owned by its team members. The post Blackstone invests in engineering and technical services firm Salas O’Brien appeared first on PE Hub.

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These ‘Magnificent’ Seven Tech Stocks Are Driving the Market

The New York Times: Banking

See how a handful of stocks have had an outsize impact on the performance of the S&P 500

S&P 106
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Kohlberg & Co-backed Myers EPS buys Storage Power Solutions

PE Hub

Storage Power Solutions is a Whitby, Ontario-based provider of battery energy storage systems serving the commercial and industrial, utility and EPC end-markets. The post Kohlberg & Co-backed Myers EPS buys Storage Power Solutions appeared first on PE Hub.

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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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BEAD Funding: Grants Now Available to States and Cisco Customers

Cisco: M&A

Are you an Internet Service Provider or local government applying for the Broadband Equity, Access, and Deployment (BEAD) Program to acquire telecommunications equipment, Internet and Wi-Fi… Read more on Cisco Blogs

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TA Associates bets on software for community banks; plus an exclusive look at Paul Hastings’ IPO report

PE Hub

TA Associates invests in Computer Services Inc. The post TA Associates bets on software for community banks; plus an exclusive look at Paul Hastings’ IPO report appeared first on PE Hub.

IPO 76
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Oil rises as geopolitics counter demand concerns

Global Banking & Finance

Oil rises as geopolitics counter demand concerns By Natalie Grover LONDON (Reuters) -Oil prices rose on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds dampening global oil demand. Brent crude rose 90 cents to $79.46 a barrel by 1450 GMT. The front-month U.S.