JD Supra: Mergers

JULY 12, 2024

On 18 June 2024, the State Administration for Market Regulation (SAMR), which includes the State Anti-Monopoly Bureau, released the China Antitrust Law Enforcement Annual Report (2023) (the “Report”). This article provides insights into the antitrust enforcement activities and legislative developments that took place in China in 2023 and offer a forecast of what we can expect in the year ahead, taking into account the Report and the developments observed in the first half of 2024.

Accountant 182

Accountant 182

Deal Lawyers

JULY 12, 2024

The fourth quarter of 2023 saw an uptick in global M&A activity that’s continued through the second quarter of 2024, but until recently, Private Equity didn’t appear to participate in the rebound. According to a new PitchBook report on PE deal activity, that started to change in the second quarter.

Private Equity 100

Private Equity Equities M&A 100

JD Supra: Mergers

JULY 12, 2024

The acquiring company, whatever its form, may be held criminally liable for acts committed by the acquired company prior to the merger. In a judgment of 22 May 2024, published in the Bulletin and in the Lettres de Chambre (Crim. 22 May 2024, FS-B, no. 23-83.180), the Criminal Division of the Court of Cassation has extended its case law begun in November 2020 by extending to all types of companies the transfer of criminal liability from the absorbed company to the absorbing company in the.

Mergers 172

Mergers IT 172

CNBC: Investing

JULY 12, 2024

With the earnings season about to kick into higher gear, analysts are taking hard looks at their models and adjusting ratings. UBS cuts Tesla to sell.

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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.

Bank

JD Supra: Mergers

JULY 12, 2024

The Supreme Court on June 27 issued its opinion in Securities and Exchange Commission v. Jarkesy in which it held that when the SEC seeks civil penalties against a defendant for securities fraud, the Seventh Amendment entitles the defendant to a jury trial. The case came out of the Fifth Circuit, which had vacated a Securities and Exchange Commission (SEC) affirmation of an order that had been issued by an Administrative Law Judge (ALJ).

Securities 172

Securities IT 172

JD Supra: Mergers

JULY 12, 2024

Public company insurance policyholders beware: In recent years, insurance carriers have increasingly invoked the “bump-up” exclusion, which is a carve out provision typically found in directors and officers (D&O) insurance policies. In many public company M&A deals, the shareholders of the target or acquired company will file a lawsuit challenging the deal, generally alleging that the board violated its fiduciary duties or the law by selling the company for a below-market price.

M&A 167

M&A Insurance IT 167

CNBC: Investing

JULY 12, 2024

A better-than-expected consumer inflation report led investors to buy rate-sensitive stocks such as REITs and industrials.

Stock 117

Stock Bank Banking Investors 117

JD Supra: Mergers

JULY 12, 2024

Welcome to the July issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition and foreign investment law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

Investment 167

Investment 167

American Banker - Investment Banking

JULY 12, 2024

Chairman and CEO Jamie Dimon said while the economic outlook is 'benign,' the bank remains 'vigilant about potential tail risks.

Investment Banking 102

Investment Banking Bank Banking Economics 102

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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.

IT

JD Supra: Mergers

JULY 12, 2024

Today, Lynda A. Bennett and Heather Weaver of Lowenstein’s Insurance Recovery Group sit down with Yelena Dunaevsky, Senior Vice President, Transactional Insurance, at Woodruff Sawyer to talk about the current state of SPAC related litigation and its impact on the insurance market. After a SPAC frenzy in 2020 which then slowed by 2022, SPACs seem to appear to be popular again; Dunaevsky says these transactions still offer a good alternative to IPOs when conducted correctly, and that she expects a

Insurance 167

Insurance IPO IT 167

The Guardian: Mergers & Acquisitions

JULY 12, 2024

Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023 Graphcore, a British chipmaker once seen as a potential competitor to Nvidia, has been bought by Japan’s SoftBank in a deal that secures the company’s future. The Bristol-based startup’s products are focused on artificial intelligence and it has been acquired by the powerful Japanese tech investor for an undisclosed sum.

Funds 94

Funds Investors Securities IT 94

JD Supra: Mergers

JULY 12, 2024

This week, FinCEN issued new FAQs interpreting the obligations of the Corporate Transparency Act (“CTA”) that would require entities that were dissolved prior to the due date of the beneficial ownership initial report (“BOI Report”) to file such report regardless of their dissolution. This guidance will be significantly impactful on private equity firms and other businesses that are created to engage in mergers and acquisitions or other corporate transactions and then dissolved.

Mergers and Acquisitions 161

Mergers and Acquisitions Private Equity Corporation Mergers 161

Global Banking & Finance

JULY 12, 2024

By Craig Mackereth, EVP, Global Service Delivery, Rimini Street Financial Services (FS) companies have been quick to embrace artificial intelligence (AI) as they look for a competitive advantage. Trading floors, insurance companies and retail banks are all using machine learning and neural networks to accelerate decisions, process huge datasets and better understand their customers.

Financial Services 85

Financial Services Insurance Retail Trading 85

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.

Finance

JD Supra: Mergers

JULY 12, 2024

BACKGROUND - The number of private equity (PE) funds and the amount of capital deployed through private equity investing have grown dramatically over the last several decades. Some PE firms are buyout firms — they purchase controlling equity positions in (usually privately held) operating companies — while other PE firms make minority investments, either alongside other PE firms or on their own.

Private Equity 155

Private Equity Equities Funds Investment 155

CNBC: Investing

JULY 12, 2024

Morgan Stanley is recommending a suite of stocks that can help the tech sector move away from relying on fossil fuels while also building out its data centers.

Stock 74

Stock IT 74

The TRADE

JULY 12, 2024

Edmond de Rothschild Asset Management has appointed Regine Wiedmann as head of distribution for the DACH region. Wiedmann has held the role of head of distribution for Germany and Austria since January 2022, and will now assume responsibility for Switzerland also with immediate effect. As part of the new role, Wiedmann will drive forward sales activities for institutional clients and distributors in Germany, Austria and Switzerland.

Asset Management 64

Asset Management Sale Boutique Management 64

CNBC: Investing

JULY 12, 2024

Jeff Kilburg breaks down a trade in the iShares Russell 2000 ETF.

Trading 105

Trading 105

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Manufacturing

Financial Times - Banking

JULY 12, 2024

Second-quarter earnings rise 25%, boosted by $8bn gain on Visa stake

Profitability 102

Profitability 102

CNBC: Investing

JULY 12, 2024

Rich Weiss wouldn't be surprised if the Federal Reserve cuts rates twice this year — and potentially before the November election.

Investors 71

Investors 71

Tyton Partners

JULY 12, 2024

Founder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on their own success and illuminate the landscape for other education entrepreneurs and investors by answering five basic questions. Alok Jain co-founded Moonpreneur to bridge a gap in the traditional education system around innovation and entrepreneurship.

Education 59

Education IT M&A Business 59

The New York Times: Banking

JULY 12, 2024

JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.

Profitability 70

Profitability Financial Institution Debt Economics 70

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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.

Healthcare

CNBC: Investing

JULY 12, 2024

As inflation slows and the Federal Reserve looks to cut interest rates, UBS identified top global stocks it is convinced will outperform.

Stock 65

Stock IT 65

Tyton Partners

JULY 12, 2024

Founder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on their own success and illuminate the landscape for other education entrepreneurs and investors by answering five basic questions. Alok Jain co-founded Moonpreneur to bridge a gap in the traditional education system around innovation and entrepreneurship.

Education 52

Education IT M&A Business 52

CNBC: Investing

JULY 12, 2024

A lot of Tesla's current share price is based on expectations about artificial intelligence, but that enthusiasm could fade and hit the stock, UBS said.

Stock 64

Stock Shares 64

Solganick & Co.

JULY 12, 2024

Report: Artificial Intelligence in a Growing M&A Landscape, 1H 2024 July 12, 2024 – Solganick has published its latest M&A update on the artificial intelligence industry sector as of 1H 2024. Acquisitions of AI-related companies in Q2 of 2024 accounted for 195 technology deals, down from 2021 highs but continuing a recent uptrend. The following summarizes the highlights of the report: 2023 was AI’s “year in the sun” as OpenAI’s Chat-GPT exploded onto the con

M&A 52

M&A Mergers and Acquisitions Investment Banking Funds 52

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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?

Management

PCE

JULY 12, 2024

PCE Investment Bankers, a leading financial services firm specializing in mid-market companies, is pleased to announce the sale of Florida Discount Drugs, Inc., doing business as Taylors Pharmacy (Taylors), to Revelation Pharma (“Revelation”), a portfolio company of Osceola Capital. PCE acted as the exclusive advisor to Taylors in this transaction.

Sale 52

Sale Financial Services Portfolio Capital 52

The New York Times: Banking

JULY 12, 2024

The amount unaccounted for after the failure of a company that operated banking software for online financial start-ups.

Bank 62

Bank Banking Financial Institution Insurance 62

Global Newswire by Notified: M&A

JULY 12, 2024

MARINA DEL REY, Calif. and CHEYENNE, Wyo., July 12, 2024 (GLOBE NEWSWIRE) -- Canna-Global Acquisition Corp. (“Canna-Global”) (OTC PINK: CNGL) announced today that it has entered into a letter of intent (LOI) for a proposed business combination agreement (the “Transaction”) that will result in Canna-Global acquiring 100% of the outstanding equity of Invest Inc, a Wyoming corporation (the “Company”).

Acquisitions 53

Acquisitions Investment Public Trading Mergers 53