Wed.Mar 06, 2024

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Labor Markets and ‘No-Poach’ Agreements: FTC, Colorado AG Take Aim at Kroger-Albertsons Merger

JD Supra: Mergers

The Federal Trade Commission (“FTC”) and the Colorado attorney general have filed separate lawsuits challenging the proposed acquisition by The Kroger Company (“Kroger”) of Albertsons Companies, Inc. (“Albertsons”). Two features of the complaints in these cases are noteworthy: first, they show the continued focus by antitrust authorities on “no-poach” agreements (agreements between competing companies not to hire each other’s employees) and a willingness to go after these agreements however they

Mergers 172
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03-06-2024 Newsletter: Reasons for Layoffs in the Current Environment

OfficeHours

Written by a Top OfficeHours Female Coach If you are anything like me, I entered the financial services industry a few years ago with a naive sense of job security. From my personal experience, securing an investment banking internship in my junior year of college set me up for a full-time offer and launched the rest of my career. However, if the past year has taught us anything, it is that job security is unfortunately not guaranteed in any industry, and especially not in finance.

Finance 130
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The Delaware Court of Chancery Puts Practitioners on Notice Regarding Voting Formalities Around Merger Agreements

JD Supra: Mergers

In Ap-Fonden v. Activision Blizzard, Inc., C.A. No. 2022-1001-KSJM, 2024 WL 863290 (Del. Ch. Feb. 29, 2024), the Delaware Court of Chancery (McCormick, C.) declined to dismiss a claim alleging that the Board of Directors of defendant Activision Blizzard, Inc. (“Activision”) violated Section 251(b) of the Delaware General Corporation Law (the “DGCL”) by approving a draft merger agreement between Activision and Microsoft, Inc.

Mergers 161
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SBUX Proxy Contest: SOC Withdraws Nominees Citing Starbucks’ New Commitments to Workers

Deal Lawyers

In early December, I blogged about the Starbucks proxy contest led by the Strategic Organizing Center.

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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 Announces Revised Hart-Scott-Rodino Notification Thresholds Will Go into Effect March 6, 2024

JD Supra: Mergers

On January 22, 2024, the Federal Trade Commission (the“FTC”) announced revised thresholds for pre-merger notifications under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The revised thresholds and filing fees go into effect later this week.

Mergers 155

More Trending

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MPE Partners invests in manufacturer Webster Industries

PE Hub

Fidelity Direct Lending and Apogem Capital provided financing to support the transaction. The post MPE Partners invests in manufacturer Webster Industries appeared first on PE Hub.

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Sailing through History: NWN Carousel’s Virtual Sea-Lab Revolution

Cisco: M&A

During his tour of Cisco’s PENN1 smart building, Andrew Gilman, Chief Marketing Officer for NWN Carousel–an integrated cloud communications service provider and Cisco partner–had a lightbulb moment.

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5 cheap stocks to buy on any pullback, according to investor Sarat Sethi

CNBC: Investing

Now is the time to diversify your portfolio beyond flashy tech plays, according to Sarat Sethi, portfolio manager of Douglas C. Lane & Associates.

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Nationwide to buy Virgin Money in £2.9bn deal

The Guardian: Mergers & Acquisitions

Lenders reach preliminary agreement on key terms in deal to create new competitor with £366bn in assets Nationwide Building Society has agreed to buy Virgin Money in a deal that values its high street rival at nearly £3bn and would create the second-largest provider of mortgages and savings in the UK. The two lenders have reached a preliminary agreement on the key terms of a deal, which would create a new competitor with £366bn in total assets, according to a joint statement released on Thursday

IT 99
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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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Stocks with high dividend growth and free cash flow perform best whatever the weather, Wolfe says

CNBC: Investing

Stocks with high dividend growth and free cash flow yield have a history of outperformance no matter the economic forecast. Several companies fit the bill.

Stock 101
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The Convergence: AI, Confidential Computing, and Blockchain

Cisco: M&A

In the ever-evolving tapestry of technology, three potent forces are coming together: Artificial Intelligence (AI), Confidential Computing, and Blockchain.

IT 104
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These 3 restaurant stocks are breaking out, according to the charts

CNBC: Investing

Any time the stock market experiences a big decline like it did on Tuesday, it's worth looking at the stocks that outperformed for future investing ideas.

Stock 99
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RTC Partners invests in marketing agency COMM

PE Hub

COMM was founded in 1994 and led today by partners Ashley DePaolo, Joanna Bittle, Janet Sifakis, and Alex Nosevich. The post RTC Partners invests in marketing agency COMM appeared first on PE Hub.

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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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Overvalued stocks like this one are at risk of a pullback following the rally. How to capitalize on it

CNBC: Investing

In Tony Zhang's opinion, the upside in GE is limited and an opportunity to fade this incredible strength and momentum.

Capital 81
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Red Dog-backed Mammoth Holdings appoints Gillam as chief people officer

PE Hub

Headquartered in Dallas, Mammoth Holdings is an express car wash platform. The post Red Dog-backed Mammoth Holdings appoints Gillam as chief people officer appeared first on PE Hub.

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Fastest-growing companies in the UK revealed

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success UK-based e-commerce company Modern Milkman was the fastest-growing company in the UK between 2019-2022, a report has revealed. The eighth annual FT1000 rankings by the Financial Times and Statista is based on revenue growth in the three years to 2022. Modern Milkman, an e-commerce startup, came out on top with an annual compound growth rate of 322.3 per cent.

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BiomX Announces Entry into Merger Agreement with Adaptive Phage Therapeutics and Concurrent $50 Million Financing

Global Newswire by Notified: M&A

Acquisition will create phage therapy company with an advanced pipeline with two P hase 2 assets, BX004 for the treatment of chronic pulmonary infections in cystic fibrosis ( “ CF ” ) patients and BX 2 11 for the treatment of diabetic foot osteomyelitis ( “ DFO ” )

Finance 89
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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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Wednesday's analyst calls: Tesla price target cut, big retailer gets an upgrade after strong earnings

CNBC: Investing

A major electric vehicle maker and a retail giant were in focus among early analyst calls Wednesday.

Retail 111
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BlueGrace Acquires Evos Smart ToolsTM Optimization Platform

Global Newswire by Notified: M&A

Company Deepens Proprietary Cloud-based Technology Portfolio Company Deepens Proprietary Cloud-based Technology Portfolio

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BlackRock appoints Battams as head of international equity trading

The TRADE

Paul Battams has been named head of international equity trading at BlackRock following 23 years with the firm according to an announcement on social media. He was most recently head of EMEA equity trading, overseeing a team of 14 traders covering the scope of equities and equity derivatives execution for the entirety of BlackRock’s investment teams.

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CPP Investments, AIMCo, Manulife Investment up stake in Boldyn Networks

PE Hub

The investment will support Boldyn's agreed acquisition of Apogee Telecom. The post CPP Investments, AIMCo, Manulife Investment up stake in Boldyn Networks appeared first on PE Hub.

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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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Tesla bull Jonas cuts price target and says EV-maker could lose money in coming quarters

CNBC: Investing

Analyst Adam Jonas at Morgan Stanley trimmed the investment bank's stock price target for Tesla by 7% to $320 while maintaining an overweight rating.

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Topspin-backed Three Dog Brands appoints Ross as CEO

PE Hub

Three Dog Brands is a Kansas City, Missouri-based maker of dog treats. The post Topspin-backed Three Dog Brands appoints Ross as CEO appeared first on PE Hub.

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This little-known Mexican grocery store chain can surge more than 40%, JPMorgan says

CNBC: Investing

JPMorgan says the discount food retailer has room to run in a relatively unpenetrated market.

Food 106
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Inside the deal: Nordic Capital plays growing regulatory burden with ActiveViam

PE Hub

Nordic Capital will pin growth for ActiveViam around organic strategies, although there could be M&A opportunities, according to the firm. The post Inside the deal: Nordic Capital plays growing regulatory burden with ActiveViam appeared first on PE Hub.

Capital 76
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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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OSTTRA and Baton Systems partner to launch FX PvP service

The TRADE

Post-trade solutions provider OSTTRA has launched an FX payment-versus-payment (PvP) settlement orchestration service designed to mitigate bilateral settlement risk between participants, while optimising intraday funding, liquidity and credit risk. The launch of the new OSTTRA service follows the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) advocated an increase in the adoption of PvP in FX transactions to reduce FX settlement risk.

Trading 68
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Rock Hill and Cynosure invest in Service Truck Depot

PE Hub

Based in Houston, Rock Hill Capital invests in the lower middle market. The post Rock Hill and Cynosure invest in Service Truck Depot appeared first on PE Hub.

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Retail regulatory restrictions could boost European listed derivatives markets, but how will institutional brokers be affected?

The TRADE

European retail brokers are expected to target growth in institutional markets alongside expanding into listed derivatives if restrictions on contract for difference (CFD) markets continue to gain traction, a study by Acuiti in partnership with ION has found. In 2023, Spain joined a growing list of European countries set to introduce new restrictions on instruments aimed at retail investors, which would ban the promotion of CFDs and restricting leverage on other instruments.

Broker 68