Mon.Jan 29, 2024

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Amazon’s $1.4B iRobot deal is dead. Now what?

TechCrunch: M&A

A year and a half after announcing its intention to acquire iRobot, Amazon’s deal is officially dead. All parties involved anticipated some level of regulatory scrutiny, but after a few decades of tech company consolidation, few expected this much friction. The deal had already passed through select international regulatory bodies, including the U.K.

IT 291
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Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

JD Supra: Mergers

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear. These transactions are sometimes structured as an acquisition of the bank’s assets and the assumption of specified liabilities to avoid conflict with possible regulatory issues.

Banking 265
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iRobot and Amazon call it quits, terminate acquisition agreement

TechCrunch: M&A

Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against headwinds with European regulators. Amazon and iRobot have opted to mutually terminate their previously announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash (or slightly lower). In a press release, the companies said […] © 2024 TechCrunch.

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What are the Potential Catalysts for M&A Resurgence in 2024?

JD Supra: Mergers

After a sluggish 2023 in which global merger and acquisition activity fell almost 20% to $2.87 trillion – the lowest level since 2013 – the question in the corporate world, is: ‘Will M&A roar back in 2024?’.

M&A 196
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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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How 'quiet luxury' is subtly taking over investor portfolios

CNBC: Investing

Quiet luxury was one of last year's biggest viral fashion trends, but unlike other short-lived fads, this one has made its way into investor portfolios.

Portfolio 142

More Trending

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Busy Fed week, tech earnings could dictate the course of this rally, Fundstrat’s Tom Lee says

CNBC: Investing

Tom Lee was calling for new highs by late January, but an air pocket may be forming.

Business 130
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Planning for Canada’s New Suspensory FDI Framework – Timing and Tactics for an Uncertain Transition

JD Supra: Mergers

For more than a year, Canada’s foreign investment review regime has been on the cusp of a dramatic expansion that will supercharge foreign investors’ obligations to obtain pre-closing national security non-objection or approval in certain cases and enable the responsible Minister to impose conditions on investments.

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Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies

How2Exit

b' E181: Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies - Watch Here rn rn About the Guest(s): Robb Green is an experienced entrepreneur and e-commerce expert. He has built and sold multiple brands in the e-commerce space, specializing in private label brands. With over eight years of experience in the industry, Robb has a deep understanding of the Amazon marketplace and has successfully navigated the challenges of building and scaling e-commerce businesses

Business 130
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Reflections on the J.P. Morgan Healthcare Conference: Key Themes for 2024

JD Supra: Mergers

The Fenwick life sciences team recently returned from the 2024 JP Morgan Healthcare conference. As we reflect back on the week, there were several key themes and trends that we expect will continue to resonate and evolve over the upcoming year.

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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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Pete Seligman: Navigating the World of Search Funds and ETA

How2Exit

b' E182: Pete Seligman: Navigating the World of Search Funds and ETA - Watch Here rn rn About the Guest(s): rn Pete Seligman is a search fund investor and entrepreneur based in Australia. With a background in engineering, finance, and project management, Pete brings a diverse skill set to his work. In 2013, he followed his passion for business ownership and acquired a small mining services business, which he successfully grew and expanded over the past decade.

Funds 130
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FTC challenges first hospital merger under new Merger Guidelines

JD Supra: Mergers

On January 25, 2024 the Federal Trade Commission (FTC) sued to block Novant Health (Novant) from acquiring two North Carolina hospitals, Lake Norman Regional Medical Center and Davis Regional Medical Center from Community Health Systems (CHS). The FTC alleges that the proposed $320 million transaction—which was first announced in February 2023— would threaten to substantially lessen competition for healthcare services in an area it defines as the “Eastern Lake Norman Area” of North Carolina.

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Goldman Sachs says the soft landing for the economy is 'on track'

CNBC: Investing

Goldman market experts said they expect the Fed soon to make a nod toward an easing that also will be market-positive.

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FTC Increases HSR Thresholds and Clayton 8 Thresholds

JD Supra: Mergers

On January 22, the FTC announced updated dollar thresholds triggering the bar on interlocking officers and directors under Section 8 of the Clayton Act, 15 U.S.C. § 19. Section 8 of the Clayton Act prohibits one person from serving as a director or officer of two competing corporations if the corporations meet certain size and competitive sales thresholds.

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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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Brad Gerstner says Meta is better positioned than the rest of the ‘Magnificent Seven’ this earnings season

CNBC: Investing

"If there was one name that I think is better positioned this week, it's Meta," Gerstner said on CNBC's "Fast Money.

IT 115
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HSR Filing Thresholds, Filing Fees, and Penalties Increase for 2024

JD Supra: Mergers

The U.S. Federal Trade Commission (“FTC”) has announced revised filing thresholds as required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), along with adjusted HSR filing fee tiers and amounts.

Trading 161
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Private Equity: Crystal Balling 2024

Deal Lawyers

The M&A lawyers at Morrison & Foerster recently gazed into their crystal ball and came up with their annual memo laying out their predictions for what 2024 may have in store for dealmakers.

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Food Venture Financing News - Weekly Issue No. 176

JD Supra: Mergers

Infinite Roots, an alternative protein foodtech startup that focuses on mycelium fermentation, announced that it raised $58 million in its Series B round. Elo Life Systems, a foodtech company that develops a natural high-intensity sweetener, announced that it raised $20.5 million in its Series A2 round.

Food 161
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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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Reliance Disclaimers: Vice Chancellor Zurn Provides a Drafting Lesson

Deal Lawyers

Reliance disclaimers can be a powerful tool to limit a seller’s exposure to fraud claims premised on alleged representations that didn’t find their way into the purchase agreement, but in order to be effective, the language of those disclaimers must clear a pretty high bar.

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M&A Antitrust Update: HSR Filing Thresholds Increase and U.S. Antitrust Agencies Finalize Merger Guidelines

JD Supra: Mergers

The Federal Trade Commission (FTC) recently announced an increase to the annual adjustment of the monetary thresholds that apply to mergers, acquisitions, and joint ventures per the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). The HSR Act governs the transactions that must be reported to the FTC and U.S. Department of Justice (DOJ) (collectively, the agencies) prior to their consummation.

Mergers 155
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’

The New York Times: Banking

The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.

Sale 113
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The Year Ahead for M&A Regulation in Brussels - BCLP’s Top 5 Things to Watch in 2024

JD Supra: Mergers

2024 is shaping up to be a year of significant change in Brussels. European Parliamentary elections in June will be followed by the appointment of a new Commission in the autumn.

M&A 136
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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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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?

The New York Times: Banking

The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.

IT 110
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FTC Updates 2024 Thresholds for HSR and Interlocking Directorates

JD Supra: Mergers

The Federal Trade Commission announced that as of February 23, 2024, the reporting thresholds determining whether companies must notify federal antitrust authorities under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") about proposed mergers and acquisitions will be increased as follows: The "size-of-transaction" threshold rises by 7.3% from $111.4 million to $119.5 million.

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Monday's analyst calls: Dollar store stock gets an upgrade, Citi sees big gains for this airline

CNBC: Investing

Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline.

Stock 105
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Top Goldman Sachs executive Esposito to depart

Financial Times - Banking

Co-head of investment bank and trading business calls time on almost three-decade career at firm

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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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This little-known genome editing stock is poised to surge more than 60%, JPMorgan says

CNBC: Investing

According to analyst Eric Joseph, Beam is at the frontier of a rising theme for investors this year: therapeutics.

Investors 100
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Amazon Scraps Deal to Buy Maker of Roomba Amid Regulatory Scrutiny

The New York Times: Mergers, Acquisitions and Dive

Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in the European Union and United States.

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How to get the biggest bang for your buck while investing in dividend-paying stocks

CNBC: Investing

Nominal yields on your dividend payers only tell part of the story when you pick out your stocks.

Stock 99