Fri.Sep 06, 2024

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Justice Department’s New Task Force on Health Care Monopolies and Collusion

JD Supra: Mergers

DOJ recently formed the Antitrust Division’s (the “Division”) Task Force on Health Care Monopolies and Collusion (“HCMC”), signaling anticompetitive activity in health care markets as an enforcement priority.

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Stock Slide as Investors Wrestle With Shifting Bets on Rate Cuts

The New York Times: Banking

The stock market “can’t win” at the moment, said Andrew Brenner, head of international fixed income at National Alliance Securities. “Heads I lose, tails I lose.

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2024 Summer review – M&A legal and market developments

JD Supra: Mergers

We set out below a number of interesting English court decisions and market developments which have taken place and their impact on M&A transactions. Our Summer review looks at these developments and gives practical guidance on their implications. In this issue… Contractual provisions - - Carve-out from limitation clause for fraudulent misrepresentation did not catch fraudulent breach of contract. - Buy-side W&I insurance policy successfully excluded losses claimed. - Investment bank not

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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street

The New York Times: Banking

The value of the 88-year-old activist investor’s company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.

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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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EU top court delivers a blow to the European Commission’s approach on Article 22 below-threshold referrals

JD Supra: Mergers

The Court of Justice of the EU (the Court) has overturned the General Court’s judgment in Illumina/Grail, effectively putting an end to the EC’s revised Article 22 policy approach for below-threshold mergers. Under this approach, the EC could encourage a Member State to refer a transaction meeting neither EU nor any Member State’s filing thresholds for the EC’s review.

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In a Landmark Judgment, Top European Court Curbs European Commission’s Ability to Review “Killer Acquisitions”

JD Supra: Mergers

On 3 September 2024, the European Court of Justice (ECJ) ruled that the European Commission (Commission) cannot encourage or accept referrals for below-threshold deals from national competition authorities if those authorities lack the power to review the merger under their own laws.

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Building a New Service Offering around Cisco ThousandEyes: A Guide for Managed Service Providers

Cisco: M&A

Discover how MSPs can leverage Cisco ThousandEyes to create tiered services, enhance DXA, and deliver proactive solutions for optimal network performance and customer satisfaction. Transform your offerings and drive success.

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The Debtor (or Its Successor) Has Objected to My Claim – What Do I Need to Do? - Creditor’s Rights Toolkit

JD Supra: Mergers

Often, after filing a proof of claim, a creditor can go months or even years, without hearing anything regarding their claim. Then, unexpectedly, the creditor's proof of claim faces an objection, possibly on multiple grounds, with a limited window to respond. Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.

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Goldman says Broadcom earnings were just a hiccup and to buy the dip

CNBC: Investing

The investment firm reiterated a buy rating on the chipmaker despite selling pressure following its latest earnings report.

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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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European Antitrust Bimonthly Bulletin – July/August 2024

JD Supra: Mergers

The "European Antitrust Bimonthly Bulletin” breaks down the major antitrust developments in Europe during the past two months into concise and actionable takeaways.

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Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival

The Guardian: Mergers & Acquisitions

Japanese group says Couche-Tard plan undervalues firm, but leaves door open to higher offer Business live – latest updates The parent company of the global convenience store chain 7-Eleven has rejected a near $39bn (£29.6bn) takeover offer from a Canadian rival, arguing it “grossly undervalues” the company. Last month, Tokyo-based Seven & i revealed that it had received a bid from Alimentation Couche-Tard setting the scene for what could be Japan’s biggest ever foreign takeover.

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Whether Buyer or Seller: Heed This WARNing

JD Supra: Mergers

One often forgotten consideration in many mergers and acquisitions is the Worker Adjustment and Retraining Notification Act of 1988 (WARN Act). Whether you are a buyer or a seller, you should consider whether the WARN Act and/or a parallel state/local notice requirement is implicated by your deal.

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Poppy Gustafsson to leave Darktrace after sale to US private equity firm

The Guardian: Mergers & Acquisitions

Co-founder of British cybersecurity company says ‘now is the right time to hand over the reins’, to Jill Popelka Poppy Gustafsson, the co-founder and chief executive of the British cybersecurity firm Darktrace, is to leave the company after its $5.3bn (£4.2bn) sale to the US private equity business Thoma Bravo. Gustafsson, one of the most well-known figures in the UK tech industry , founded Darktrace in Cambridge in 2013 with backing from the late billionaire Mike Lynch’s Invoke Capital.

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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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A Rebound for Fintech Investment

JD Supra: Mergers

Venture Capital investment in retail fintech rebounded in Q2, according to a new report from PitchBook. Their Q2 2024 Retail Fintech Report shows deal value for this sector coming in at $4.5 billion for the quarter, an impressive 270.8% jump from Q1. Their analysts point to large fundraising rounds for lending, credit, and banking startups as the driver for this boost.

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Morgan Stanley sees renewable stock rallying 50% on data center demand from tech industry

CNBC: Investing

The case remains strong that load growth from data centers will be met in large part from renewables and batteries, according to Morgan Stanley.

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B(ack to School) September 2024 - Unlocking Liquidity With a Tranche B Facility

JD Supra: Mergers

Liquidity solutions are a topic du jour in fund finance. With bank balance sheets somewhat restricted by macroeconomic concerns and risk-weighted asset regulations, fund finance borrowers and lenders have sought creative ways to put capital to work. One construct that may open up this optionality is the tranche B facility, a subordinated line of credit that sits within the same transaction as a senior revolver or term loan.

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Here are Friday's biggest analyst calls: Nvidia, Nio, Apple, Tesla, Chewy, Broadcom, Coinbase, Costco, Micron, Oracle & more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

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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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ALERT: Team Telecom Streamlining Procedures Take Effect

JD Supra: Mergers

In October 2020 and 2021, the FCC adopted a pair of Orders to streamline the processing of applications involving “reportable” foreign ownership that are referred to the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector—commonly known as “Team Telecom.” Team Telecom is tasked with assessing the national security, law enforcement, foreign policy, and trade policy concerns presented by FCC applications seeking licensing authority or.

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Cricket-Pope century puts England in charge at gloomy Oval

Global Banking & Finance

LONDON (Reuters) -England captain Ollie Pope returned to form with a classy unbeaten 103 to guide his team to 221-3 on a weather-affected first day of the third and final test against Sri Lanka at The Oval on Friday.

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Preparing Your Business for Sale

JD Supra: Mergers

The sale process can be a long, stressful, physically and emotionally draining, and disruptive to ongoing business operations. Planning well in advance of the desired sale date and engaging experienced professional advisors will help facilitate the sale process, reduce stress and anxiety, minimize the disruption to the business, help reduce the cost and expense of selling (e.g. professional fees) and maximize the sale price.

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EU countries mull 20-year tax holiday for jet fuel, document shows

Global Banking & Finance

By Kate Abnett BRUSSELS (Reuters) – European Union countries are considering delaying the introduction of EU-wide taxes on polluting aviation fuels for 20 years, as they seek a breakthrough on tax reforms that have been negotiated for years with little progress, a draft document seen by Reuters showed.

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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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Two Negatives Don’t Make a Positive: European Court Rules that European Commission Cannot Review Mergers That Are Not Reportable at the EC Level or in a Member State

JD Supra: Mergers

In a landmark decision, the European Court of Justice (ECJ) has limited the European Commission’s (EC) ability to review mergers that fall outside thresholds at the EC level and in the Member States seeking to refer the review to the EC, emphasizing the need for clear jurisdictional boundaries.

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Global stock index, Treasury yields fall after mixed US jobs report

Global Banking & Finance

By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -MSCI’s global equities gauge fell more than 1% on Friday and U.S. Treasury yields dropped as investors worried about the health of the economy after a mixed U.S.

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Using Managed Services To Unlock Value for Businesses: Part 3 – Validating, Sustaining, and Expanding Managed Services for the Future

JD Supra: Mergers

In the first portions of this series, we dug into the success factors that need to be considered when deciding to embark on a journey into managed services and then some of the key focus areas that need to be included in the program to help ensure success. In this final installment, we are diving into monitoring and ensuring that expected and actual results are aligned.

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PCE Announces the Sale of T&E Industries

PCE

PCE Investment Bankers, a leading financial services firm specializing in mid-market transactions, is pleased to announce the sale of T&E Industries Inc. (T&E) to Carco PRP Ltd. through its U.S. subsidiary, Columbia Holdings, Inc. PCE acted as the exclusive financial advisor to T&E.

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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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Factbox-Carmakers adjust electrification plans as EV demand slows

Global Banking & Finance

(Reuters) – Japan’s Toyota Motor has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand.

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Elis : Communiqué de presse

Global Newswire by Notified: M&A

Saint-Cloud, le 6 septembre 2024 – Elis confirme avoir fait une approche préliminaire auprès de Vestis concernant une potentielle acquisition. Elis évalue régulièrement diverses opportunités stratégiques. Il n'y a aucune garantie que ces discussions aboutissent à la signature d'une transaction ou d'un autre accord.

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Dollar edges up after August US payrolls paints mixed picture

Global Banking & Finance

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged up in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated a steady slowdown in the labor market, likely supporting gradual interest rate cuts by the Federal Reserve.

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