Thu.May 16, 2024

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Delaware Supreme Court Expands MFW Applicability in Conflicted Controller Transactions

JD Supra: Mergers

On April 4, 2024, the Delaware Supreme Court issued a much-anticipated decision, In re Match Group Derivative Litigation (“In re Match Group”), extending the MFW doctrine more broadly to all conflicted controller transactions. In Kahn v. M & F Worldwide Corp. (“MFW”), the Delaware Supreme Court first provided a framework for freeze-out mergers to receive business-judgment review if the transaction is subject to (1) approval by an independent special committee and (2) an uncoerced, fully.

M&A 172
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Antitrust: New Merger Guidelines Feature Prominently in Recent FTC Challenge

Deal Lawyers

Last month, the FTC filed an administrative complaint seeking to block Tapestry Inc.’s $8.5 billion proposed acquisition of Capri Holdings. This fight is all about purses, folks, because the FTC says that the deal would eliminate competition between Capri’s Coach & Kate Spade brands and Tapestry’s Michael Kors.

Mergers 124
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Mind Your Disclosures: Delaware Courts Are Asking Just When a Stockholder Vote Is ‘Fully Informed’

JD Supra: Mergers

A fully informed stockholder vote can help protect a company and its directors from lawsuits challenging a transaction. Under Delaware law, board decisions may enjoy deference under the business judgment rule where stockholder approval is obtained after they have received all material information. And, if the business judgment rule applies, it is easier to get a stockholder suit dismissed at the pleadings stage, before burdensome discovery.

Business 172
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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 138
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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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District Court Grants Welsh Carson’s Motion to Dismiss in FTC’s “Roll-Up” Monopolization Case; Case Against U.S. Anesthesia Partners Continues

JD Supra: Mergers

The FTC’s enforcement efforts against private equity hit a significant roadblock on May 13 when a federal judge granted Welsh, Carson, Anderson & Stowe’s (Welsh Carson) motion to dismiss the agency’s complaint against the private equity firm. While the court denied U.S. Anesthesia Partners, Inc.’s (USAP) motion to dismiss, the court held that the FTC did not “adequately allege” that Welsh Carson is currently violating, or about to violate, the antitrust laws.

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Recent SEC Rules and Guidance Impose New Obligations on SPACs and Reverse Mergers

JD Supra: Mergers

On January 24, 2024, the US Securities and Exchange Commission (SEC) adopted final rules relating to special purpose acquisition companies (SPACs) and other shell companies. The new rules are effective on July 1, 2024.

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ValueAct reveals stake in Fanduel-parent Flutter Entertainment

CNBC: Investing

The filing comes after Flutter listed its shares on the New York Stock Exchange in January, and ahead of a move in its primary listing to the U.S. on May 31.

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Cisco and Nutanix: Taking Hyperconverged Infrastructure to the.NEXT Level

Cisco: M&A

Learn how Cisco and Nutanix deliver operational ease, adaptability, and robust infrastructure through complete simplicity, complete flexibility, and complete resiliency delivered in the Cisco Compute Hyperconverged with Nutanix solution.

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Bank of America says this solar stock is 'firing on all cylinders' and should rally nearly 40%

CNBC: Investing

Nextracker's management "is building a track record of outperforming its targets which should support a multiple expansion," according to Bank of America.

Bank 118
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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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What Role Does Social Media Play in Increasing Business Sale Value?

Lake Country Advisors

Social media marketing is a powerful strategy for today’s businesses. With its far-reaching impacts on business objectives, it’s become paramount to understand the role it plays in selling your business. Today, it’s uncommon to hear about a business that’s still not investing in social media marketing. With social media platform usage increasing by and by, it’s become an integral channel for reaching your consumer and business customers alike.

Media 98
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Stanley Druckenmiller built a big bullish position in small-cap stocks last quarter

CNBC: Investing

The notable investor, who now runs Duquesne Family Office, bought call options against 3,157,900 shares of the iShares Russell 2000 ETF (IWM).

Investors 112
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Royal Mail reform will not take place before general election, says Ofcom

The Guardian: Mergers & Acquisitions

Postal service shake-up takes on extra weight as Royal Mail bosses meet ministers to discuss Czech tycoon’s £3.5bn takeover offer A shake-up of the postal service that could hand the owner of Royal Mail a £300m boost will not take place before the general election, it has emerged, as the company’s bosses meet ministers to discuss its proposed £3.5bn takeover by a Czech billionaire.

IT 88
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Chubb is 'ideal fit' for Warren Buffett's investment style, says Deutsche Bank

CNBC: Investing

Warren Buffett's purchase of 6.4% of Chubb makes perfect sense as the insurer checks all the boxes of his investment criteria, according to Deutsche Bank.

Bank 105
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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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Integrating IT and Campus Facilities for Future-Ready Learning Space

Cisco: M&A

Step onto a campus reimagined—where Cisco's innovative digital integration meets modern educational needs, crafting an unparalleled on-campus experience for today's students and faculty.

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Shares of this gene editing company are due to surge more than 45%, Citi says

CNBC: Investing

After a period of underperformance, investors should pick up shares of Prime Medicine as regains the market's favor, according to Citi's Samantha Semenkow.

Shares 100
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Four Reasons Why Assurance Is More Critical Than Ever

Cisco: M&A

Assurance is top of mind for our customers, analysts, and the market at large. This blog covers four reasons why assurance is more critical than ever, and why it should be on your radar as well.

IT 97
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These Dow stocks are cheap and have more upside as index reaches key milestone

CNBC: Investing

CNBC Pro screened for cheap Dow stocks with upside potential as the blue-chip index reached 40,000 for the first time.

Stock 106
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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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Roofstock and Mynd Merge to Power the Next Chapter of Growth in Single-Family Rental Investing

Global Newswire by Notified: M&A

Industry heavyweights join forces to drive best-in-class outcomes for investors via leading-edge technology and comprehensive data Industry heavyweights join forces to drive best-in-class outcomes for investors via leading-edge technology and comprehensive data

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This 147-year-old company that's been trailing the market is ready for big upside, some analysts say

CNBC: Investing

This telecommunications company is poised for long-term growth thanks to its robust wireless business, analysts say.

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In the Corporate World, Woke Is the Rage but Greed Is Still King

The New York Times: Banking

Three new books chronicle businesses where executive self-enrichment at the expense of workers — and sometimes the law — prevails.

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Dan Loeb's Third Point adds to megacap tech holdings in first quarter — with one notable exception

CNBC: Investing

The hedge fund put money to work in tech stocks, while pulling back on one large position.

Funds 116
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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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What the Supreme Court Ruling Means for Other Consumer Bureau Actions

The New York Times: Banking

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

IT 79
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The outlook on gold and gold stocks into the summer is looking strong, according to the charts

CNBC: Investing

Dave Keller looks at gold stocks as the metal outperforms major equity markets this year.

Stock 116
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Partners, Let’s Go Beyond Customer Experience at Cisco Live!

Cisco: M&A

We will show up at Cisco Live armed with exclusive content, sessions, interactive demos, partner talks, games and several other opportunities to network, learn and celebrate. Here’s a sneak peek of what we’re preparing for you.

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Thursday's analyst calls: Fast food stock to surge 40%, what to expect from Nvidia earnings

CNBC: Investing

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street.

Food 110
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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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Email Security Reinvented: How AI is Revolutionizing Digital Defense

Cisco: M&A

Explore the many ways that Secure Email Threat Defense leverages sophisticated AI and ML to protect against advanced threats.

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This under-the-radar tech stock will get a boost from Netflix's new advertising strategy

CNBC: Investing

This little-known technology stock could win big from Netflix's shift in advertising strategy.

Stock 106
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Ipsos accelerates its digitisation of data collection in India with the acquisition of Crownit

Global Newswire by Notified: M&A

Ipsos accelerates its digitisation of data collection in India with the acquisition of Crownit Paris, May 16, 2024 - Ipsos, one of the world's leading.