Mon.Apr 22, 2024

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Trends and Enforcement Priorities from the 2024 ABA Antitrust Spring Meeting

JD Supra: Mergers

Last week, a Mayer Brown team joined over 4,000 lawyers from around the globe—including top enforcers from the US Federal Trade Commission (“FTC”), Department of Justice (“DOJ”), and the European Union (“EU”)—to discuss new developments and enforcement priorities in the antitrust space. Overall, both the US and EU are specifically doubling down on merger scrutiny, and are looking to increase their powers in that space.

Mergers 197
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Everton Is Back on Market as Deal With 777 Partners Falters

The New York Times: Mergers, Acquisitions and Dive

With a proposed sale stalled seven months after it was announced, a financially strapped Premier League team is seeking a backup plan.

Sale 145
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What Did We Just Acquire? An Introduction to the Taxation of Acquired Intangibles

JD Supra: Mergers

In addition to being developed in-house, intellectual property (“IP”) can obviously be acquired from third parties. IP acquisitions may be more germane now than in the recent past as developers race to create and monetize artificial intelligence (“AI”) tools. But, while AI platforms might be the shiniest and most interesting objects in the current IP arena, acquirers still have to deal with much older (and mundane) tax questions like: (i) what is being acquired and (ii) how is its cost.

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FTC Sues to Block $8.5 Billion Tapestry-Capri Merger

The New York Times: Mergers, Acquisitions and Dive

The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.

Mergers 130
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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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California's AB 3129: Implications for Private Equity Investments in Physician Practices

JD Supra: Mergers

A recently introduced California Assembly Bill (AB 3129), targeting private equity (PE) physician practice investments, is currently making its way through the legislative process. Introduced by California Attorney General (AG) Rob Bonta and Assembly Speaker pro Tempore Jim Wood, the bill seeks to curtail “harmful transactions” and “practices that undermine the practice of medicine” by granting the AG approval authority over PE groups’ physician practice acquisitions and imposing substantial.

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“Shadow Trading” is Insider Trading: Jury Establishes Liability in Historic Shadow Trading Case

JD Supra: Mergers

On April 5, 2024, a jury found Matthew Panuwat civilly liable for insider trading in violation of federal securities laws in a first-of-its-kind “shadow trading” case (also referred to as “sympathy trading”), which was commenced by the U.S. Securities and Exchange Commission (SEC) on August 17, 2021. Following a historic trial in the U.S. District Court for the Northern District of California (Court), the SEC stated that the case was not novel and that Panuwat’s actions fell squarely within the.

Trading 177
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Walker's Acquisition Advantage: Buy Smarter, Win Bigger with Proven Buy Then Build Strategy

How2Exit

b' E206: Walker's Acquisition Advantage: Buy Smarter, Win Bigger with Proven Buy Then Build Strategy - Watch Here rn rn About the Guest(s): rn Walker Deibel is an influential figure in the field of mergers and acquisitions, renowned for his bestselling book "Buy Then Build." His expertise encompasses buying and growing businesses successfully over the decades.

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New York's LLC Transparency Act: What You Need to Know

JD Supra: Mergers

On March 1, 2024, New York State Governor Kathy Hochul signed into law a revised version of New York State's LLC Transparency Act, which is modeled on FinCEN's Beneficial Ownership Information Rule. Other states are considering similar legislation, but the LLC Transparency Act is the first state BOI law to be enacted.

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Stocks making the biggest moves before the bell: Tesla, Verizon, Block, Alcoa and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

Stock 129
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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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UK Antitrust Enforcer Outlines Growing Concerns for AI Foundation Model Markets

JD Supra: Mergers

Following an almost yearlong review into artificial intelligence (AI) foundation models, and the publication of its initial report in October 2023, the UK Competition and Markets Authority (CMA) has published an updated report and a fuller technical report, outlining its growing concerns that competition in AI is not working as it should. In a speech delivered 11 April 2024, CMA CEO Sarah Cardell further announced that the CMA is commencing a program of work in the space.

IT 171
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Rep & Warranty Insurance: Is the Bloom off the Rose?

Deal Lawyers

The rise of RWI has been one of the biggest stories in private M&A over the past decade or so, but according to a recent SRS Acquiom study, RWI usage on private deals appears to be plateauing.

Insurance 113
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Clarity for M&A Practitioners: Proposed DGCL Amendments Bridge the Gap between Recent Delaware Chancery Court Decisions and Market Practice

JD Supra: Mergers

The proposed amendments would address recent case law decisions in Activision, Moelis and Crispo that uprooted well-established market practice with respect to the enforceability of certain provisions of stockholder agreements and merger agreements.

M&A 159
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A pullback in this biotech stock has created a buying opportunity, according to the charts

CNBC: Investing

For those interested in "buying the dip," this may be a good time to revisit the stock, noting the decline looks overdone in the short term.

Stock 113
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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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Johnson & Johnson to Acquire Shockwave Medical in $13.1B Deal

JD Supra: Mergers

Johnson & Johnson (J&J) reported on April 5, 2024, that it has entered an agreement to acquire Shockwave Medical, a company in the cardiovascular medical device sector, in a deal totaling a reported $13.1 billion. The deal would further expand J&J into the cardiovascular treatment market.

Medical 159
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These companies spending big to grow their businesses are primed to outperform, Goldman says

CNBC: Investing

Investors typically reward companies investing for growth when economic growth is accelerating, if history is any guide, Goldman said.

Economics 111
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[Podcast] Private Market Talks: Powering the AI Revolution with DigitalBridge’s Kyle Colvin

JD Supra: Mergers

Digital Infrastructure – the cell towers, data centers, fiber and small cells that power our wireless and mobile data – is one of the fastest growing investment sectors today. New technologies such as 5G and IoT have put increasing demands on what many call the fourth utility and now, comes AI – the most demanding technology yet. As the global economy transitions to all things digital, powering this revolution has become mission-critical.

Utilities 159
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Big banks are touting sweet CD yields in excess of 5%. Where you can find them

CNBC: Investing

Investors can score yields of 5% or more on CDs from some of the nation's largest banks.

Banking 111
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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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OCC extends comment period on proposed rules for the Bank Merger Act

JD Supra: Mergers

On April 10, the OCC announced a notice published in the Federal Register extending the comment period for the OCC’s proposed rule on bank mergers. The NPRM titled, “Business Combinations under the Bank Merger Act,” was originally published on February 14.

Mergers 152
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Monday's analyst calls: Amazon a top pick into earnings, Apple price target cut

CNBC: Investing

Monday's calls included a price target cut for one of the biggest tech companies and Goldman Sachs getting bullish on an e-commerce giant ahead of earnings.

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Happy Lamb, share ownership disputes and rectification of the register - brevi manu or longa manu?

JD Supra: Mergers

In the recent Happy Lamb decision Zacaroli J had to consider an application to amend pleadings in an unfair prejudice action (under section 994 of the Companies Act 2006 ("CA 2006")) to include a declaration as to the legal shareholders of the company and - the focus of this note - a rectification of the register of members under section 125 CA 2006.

Shares 145
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Here are Monday's biggest analyst calls: Apple, Nvidia, Tesla, Meta, Amazon, Microsoft, Spotify, Ferrari & more

CNBC: Investing

Here are Monday'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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Goldman Sachs moves senior banker to Paris in post-Brexit revamp

Financial Times - Banking

Head of financial institutions group for Europe relocates at sensitive time for its operations on the continent

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Buckle up. These stocks could see big moves in reaction to earnings this week

CNBC: Investing

Several stocks are poised for big swings in share price after the release of their latest results, according to the options market.

Stock 109
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Truist gets an earnings boost from its investment banking unit

American Banker - Investment Banking

After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.

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Steer clear of Apple ahead of earnings, tech investor Dan Niles says

CNBC: Investing

Tech investor Dan Niles said Apple's troubling fundamentals don't justify its valuation on a longer-term basis.

Investors 109
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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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Find Your Path to Unmatched Security and Unified Experiences

Cisco: M&A

Imagine juggling multiple remotes for your entertainment system, each controlling a different device and requiring endless button presses to achieve a simple task.

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Tesla could be volatile this week on earnings. Using options to mitigate the risk

CNBC: Investing

I think the near-term environment will remain challenging for Tesla, a view reinforced by the recently announced layoffs and production slowdowns.

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Customers Praise the Surprising Longevity and Adaptability of Cisco UCS

Cisco: M&A

When we introduced our first compute platform in 2009 with Cisco UCS B-Series Blade Servers , there was a fair amount of snickering from industry watchers and established server vendors.

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