Wed.Feb 28, 2024

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SEC’s New Rules Give SPACs, Target Companies Much to Consider

JD Supra: Mergers

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for SPACs and so-called “de-SPAC” transactions involving target companies who enter into a business combination with SPACs. In summary, the new rules appear intended to harmonize the requirements (and potential liability for SPAC acquisition targets) of de-SPAC transactions.

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Totango and Catalyst are merging to build a customer success powerhouse

TechCrunch: M&A

One of the interesting aspects of this deal is that no money is changing hands. © 2024 TechCrunch. All rights reserved. For personal use only.

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Healthcare Experts See Promising Signs of Rebound in M&A and IPO Activity

JD Supra: Mergers

In the second week of January, Goodwin and KPMG convened innovators, practitioners, regulators, and others for our annual symposium on the future of life sciences and healthcare. This marked the fifth year that Goodwin co-hosted the symposium, which takes place during the annual J.P. Morgan Healthcare Conference in San Francisco.

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Stockholders Agreements: Chancery Voids Terms that Tred on Board’s Statutory Authority

Deal Lawyers

Stockholders’ agreements are a common feature in a variety of transactional settings, and the rights and obligations they impose are often an essential part of the deal. That’s why the Delaware Chancery Court’s recent decision in West Palm Beach Firefighters v. Moelis & Company, (Del. Ch.

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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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FTC and a Coalition of Nine AGs Sue to Block Kroger’s Proposed $24.6B Acquisition of Albertsons

JD Supra: Mergers

The Federal Trade Commission (FTC) and a coalition of nine state attorneys general (AG) filed a lawsuit on February 26, in the U.S. District Court for the District of Oregon seeking a preliminary injunction to stall Kroger Company’s (Kroger) proposed $24.6 billion acquisition of Albertsons Companies (Albertsons), citing concerns that the proposed deal would eliminate competition among the supermarket giants, leading to higher grocery prices for millions of Americans.

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Antitrust scrutiny of private equity deals intensifies

JD Supra: Mergers

Traditionally, private equity firms were seen as benign investors from an antitrust perspective. This is changing. In the past 12 months, PE-funded acquisitions have faced progressively more rigorous scrutiny by antitrust authorities.

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It's time to buy the dip in nuclear and uranium ETFs, Bank of America says

CNBC: Investing

Funds tied to nuclear energy are struggling in February, but that is likely temporary, according to Bank of America.

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California Bill Aims to Increase Oversight Over Health Care Acquisitions

JD Supra: Mergers

California Attorney General (AG) Rob Bonta and Assembly Speaker Pro Tempore Jim Wood have introduced new legislation addressing private equity health care deals. The bill, A.B. 3129, would grant the AG oversight over private equity and hedge fund acquisitions of health care facilities.

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Euronext FX appoints new head of sales

The TRADE

Stuart Parris has been appointed head of sales at Euronext FX, overseeing a global sales team covering the Americas, EMEA and APAC regions. Parris has been with the business since 2018 and has held different senior roles during his tenure, most recently as director, EMEA sales focused on sell-side tier 1 client engagement. Euronext FX has a global reach, with matching engines across regions, including in: London, New York, Tokyo and Singapore.

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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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Merger and Acquisition Considerations for Employee Benefit Plans

JD Supra: Mergers

In the context of mergers and acquisitions, an acquisition target’s qualified retirement plans, health plans, executive compensation arrangements, and benefit programs (referred to collectively as “benefit programs”) can all be a source of significant liabilities. These benefit programs are promises that the target has made to its employees, and the buyer must ascertain whether it is liable to fulfill them and, if so, the dollar value of those promises.

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Instead of chasing Nvidia, investor buys these misunderstood, cheap growth stocks for big returns

CNBC: Investing

The Torray Fund is up 7.4% in 2024, beating the S&P 500's 6.4% gain. It ranks in the 2nd percentile year to date and 14th percentile over the past three years.

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Dental/DSO Intelligence Monthly Report: February 2024

JD Supra: Mergers

Conceived and founded by 16 doctors, EPIC4 is a unique entity—a Specialty Partnership Organization where dental specialists can maximize potential at all stages of their life and practice. Forming EPIC4 was something of an epic M&A, involving a merger of 26 dental specialty organizations with a total of 56 orthodontic & pediatric practice locations in 14 states.

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The S&P 500's valuation is in the 95th percentile vs. history, but Bank of America says investors shouldn't worry

CNBC: Investing

The S&P 500 today is higher quality and has lower earnings volatility than in prior decades, making it a "different animal," BofA's Savita Subramanian said.

S&P 112
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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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The European Commission's Revised Market Definition Notice: a Defining Moment?

JD Supra: Mergers

Modernising Market Definition - Market definition is a foundational concept and key tool for antitrust analysis. On February 8, the European Commission ("EC") published a final version of its Revised Market Definition Notice (the “Revised Notice”).

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Bitcoin ETFs see record-high trading volumes as retail investors jump on crypto rally

CNBC: Investing

The iShares Bitcoin Trust (IBIT) has already seen a record number of shares traded on Wednesday.

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Review of below-threshold mergers creates uncertainty

JD Supra: Mergers

Antitrust authorities continue to use powers to review deals that fall below merger control filing thresholds. For merging parties this means uncertainty. It is crucial that the possibility of review – including a post-closing investigation – is assessed and provided for in transaction documents and deal timetables.

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Enterprise security: Making hot desking secure and accessible on a global scale

Cisco: M&A

Making hot desking secure and accessible on a global scale The first rule of interviewing a CISO at the Australian division of Laing O’Rourke is this: You can’t dig deep into use cases or cli… Read more on Cisco Blogs

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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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What Will the M&A Market Look Like in 2024?

JD Supra: Mergers

Observations from Two of SoCal’s Leading Transaction Attorneys- What can buyers and sellers expect from the M&A market in 2024? Procopio Mergers & Acquisitions and Strategic Joint Ventures leaders Paul Johnson and Jason Femrite break it down in this Q&A interview.

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DWS Group’s global head of capital markets leaves the business

The TRADE

The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years. He recently left the business, the people said, who spoke on condition of anonymity as the matter is private.

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United States Leads the Way With Recent Foreign Investment Into Australia

JD Supra: Mergers

The Australian Treasury has released its first quarterly report ("Report") for the 2023-24 financial year covering the regulation of foreign investment in Australia.

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First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector

CNBC: Investing

First Solar is one of the few companies that has weathered the sharp downturn in the solar sector.

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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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FDI - A global perspective

JD Supra: Mergers

During the course of 2023, the screening of foreign direct investment (FDI) continued to be an item at the top of the agenda when planning and executing global M&A transactions, as well as greenfield cross-border investments. Over the past year, well over 5,000 mandatory notifications were made across major economies* which screen FDI on the basis of national security or public order considerations – and this does not even include voluntary notifications or jurisdictions which do not report

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Apple dumps electric car to go big into AI. UBS says this is what Tim Cook will unveil this year

CNBC: Investing

Apple is axing its car project in favor of what will likely prove some big bets on artificial intelligence, according to UBS.

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Global trends in merger control enforcement - 2024

JD Supra: Mergers

Global deal value and volume fell again in 2023, down 33% and 18% respectively compared to 2022. This is unsurprising, given persistently tough macroeconomic conditions and geopolitical tensions. Dealmakers are also facing an increasingly challenging antitrust environment. Antitrust authorities continued to take an aggressive approach to merger control enforcement.

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The rally is showing signs of exhaustion. How to protect your portfolio if a decline is coming

CNBC: Investing

As markets pause ahead of this week's inflation numbers, Tony Zhang believes it is now worth taking out portfolio protection by simply buying puts.

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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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Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

The New York Times: Mergers, Acquisitions and Dive

The nonprofit had a budget shortfall of roughly $2.5 million last year amid a difficult market for fund-raising.

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Watch out: These stocks are too expensive as the market trades near record highs

CNBC: Investing

We used the CNBC Pro Stock Screener to search for S&P 500 names that are looking overvalued when compared with the broader market.

S&P 104
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Payment tech offers everything private equity firms like GTCR love

PE Hub

'All commerce ultimately requires payment, so the space is always highly relevant and evolving,' said GTCR's Aaron Cohen. The post Payment tech offers everything private equity firms like GTCR love appeared first on PE Hub.