JD Supra: Mergers

MAY 17, 2024

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

Mergers 309

Mergers Mergers and Acquisitions Economics Corporation 309

Deal Lawyers

MAY 17, 2024

A recent memo from Gibson Dunn addresses updated guidelines obtaining private letter rulings from the IRS addressing spin-offs and related debt exchanges. Here’s the intro: The Internal Revenue Service (the “IRS”) and the Treasury Department (“Treasury”) have released Rev. Proc. 2024-24 (the “Rev. Proc.

Debt 113

Debt 113

JD Supra: Mergers

MAY 17, 2024

Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary view that the Company intentionally or negligently provided incorrect, incomplete, and misleading information during the Commission’s.

Manufacturing 187

Manufacturing Mergers IT 187

Deal Lawyers

MAY 17, 2024

Major investors in VC-backed financings customarily obtain contractual rights to receive access to financial and certain other information from the company. In some cases, these rights include the ability to appoint an observer to attend board meetings.

Capital 113

Capital Finance Finance Investors 113

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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?

Business

JD Supra: Mergers

MAY 17, 2024

Bank for International Settlements. Credit risk management. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. The fresh guidance reaffirms the need for ongoing due diligence and the development of a comprehensive risk mitigation strategy to control counterparty credit risk.

Banking 187

Banking Bank Risk Management Management 187

JD Supra: Mergers

MAY 17, 2024

A new federal antitrust task force will focus on investigations in health care markets, and, where warranted, civil and criminal enforcement, the Department of Justice announced.

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182

CNBC: Investing

MAY 17, 2024

The stock market is in the early stages of a period of rising retail investor activity, and that could bode well for Robinhood, according to Bank of America.

Retail 107

Retail Banking Bank Trading 107

JD Supra: Mergers

MAY 17, 2024

On May 9, 2024, the U.S. Department of Justice’s Antitrust Division (DOJ) announced it is “upping [its] game” on health care enforcement through the Task Force on Health Care Monopolies and Collusion (HCMC). The most recent in a series of DOJ task forces designed to target particular industries, the HCMC will broadly “guide the division’s enforcement strategy and policy approach in health care, including by facilitating policy advocacy, investigations and, where warranted, civil and criminal.

IT 177

IT 177

CNBC: Investing

MAY 17, 2024

As investors look to take advantage of attractive yields in fixed income, one area of the market is often overlooked — securitized products.

Investors 113

Investors 113

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

MAY 17, 2024

The purpose of the 341 Meeting is to examine the debtor’s financial position and to confirm facts stated by the debtor in the bankruptcy filing. While creditors are not required to attend the 341 Meeting, creditors have an opportunity to examine the debtor and ask questions related to the debtor’s financials and the bankruptcy case. The 341 Meeting can inform creditors of how claims might be treated and the debtor’s ultimate plan for their bankruptcy case.

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Global Newswire by Notified: M&A

MAY 17, 2024

Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry

Valuation 99

Valuation Business Acquisitions 99

JD Supra: Mergers

MAY 17, 2024

In Federal Trade Commission v. U.S. Anesthesia Partners, Inc. et al., a federal district court granted private equity firm Welsh, Carson, Anderson & Stowe's motion to dismiss it from the Federal Trade Commission's (FTC) lawsuit alleging an anticompetitive scheme to drive up the price of anesthesia services by orchestrating a decade-long "roll-up" strategy to consolidate anesthesiology practices in Texas.

Private Equity 172

Private Equity Equities Trading IT 172

CNBC: Investing

MAY 17, 2024

Lone Pine made new bets on some high-performing power providers and one big streaming company during the first quarter, a new regulatory filing shows.

Capital 102

Capital 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

MAY 17, 2024

The Federal Trade Commission’s suit alleging U.S. Anesthesia Partners (USAP) and Welsh Carson, a private equity fund that owns 23 percent of USAP and controls two of 14 board seats, engaged in an anticompetitive scheme to acquire and consolidate anesthesia practices in Texas partially survived motions to dismiss by the two defendants. The FTC brought the case, Federal Trade Commission v.

Private Equity 167

Private Equity Equities Trading Funds 167

Cisco: M&A

MAY 17, 2024

Secure Client Management capabilities aren’t going away with the SecureX EOL, the functionality is simply migrating to the Cisco Security Cloud Control service.

Securities 98

Securities Management 98

JD Supra: Mergers

MAY 17, 2024

On May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially revised guidelines for private letter ruling (PLR) requests regarding tax-free spin-off and split-off transactions (collectively, spin-offs) and related debt reallocation transactions.

Debt 167

Debt 167

The New York Times: Mergers, Acquisitions and Dive

MAY 17, 2024

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

Media 99

Media Mergers and Acquisitions Corporation Management 99

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

MAY 17, 2024

On May 13, 2024, President Biden issued an Executive Order requiring MineOne Partners Limited and its affiliates (together, “MineOne”) to divest their interest in real property located less than one mile from Francis E. Warren Air Force Base in Cheyenne, Wyoming. The order cites national security risks posed by MineOne’s ultimate Chinese ownership, the property’s proximity to the Air Force base, and the presence of foreign-sourced cryptocurrency mining equipment on the property.

Securities 167

Securities IT 167

Cisco: M&A

MAY 17, 2024

In the face of growing cybersecurity threats, UK policymakers have intensified efforts to protect the nation's digital infrastructure. This blog looks at insights from the UK McPartland review and the interdependence between cyber security and economic growth.

Economics 98

Economics Securities 98

JD Supra: Mergers

MAY 17, 2024

Sometimes a very small change in the law can lead to big and unintended consequences. Singapore’s migration to digital may have inadvertently changed the way in which title passes in a share transfer.

Shares 161

Shares 161

CNBC: Investing

MAY 17, 2024

An e-commerce giant from China and a chemicals company were among the names being talked about by analysts on Friday.

Stock 102

Stock 102

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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.

Manufacturing

JD Supra: Mergers

MAY 17, 2024

On May 9, the Department of Justice’s (DOJ) Antitrust Division announced the creation of a new task force, the Task Force on Health Care Monopolies and Collusion (HCMC), focusing on antitrust enforcement in the healthcare industry. In an interview following the announcement of the task force, Assistant Attorney General Jonathan Kanter stated that the task force will “elevate the importance of health care antitrust enforcement,” and noted that healthcare “is among our highest priorities.”.

Healthcare 161

Healthcare 161

CNBC: Investing

MAY 17, 2024

Jeff Kilburg gives a market hedge just in case everything doesn't work out as the bulls suspect.

Portfolio 109

Portfolio 109

JD Supra: Mergers

MAY 17, 2024

In an article last year, we discussed the increased pressure companies face to separate businesses that are not deemed “core,” and why tax-free spin-offs and similar transactions may be the most appealing way to achieve this.

Business 161

Business 161

CNBC: Investing

MAY 17, 2024

Dan Sundheim's D1 Capital boosted its stake in this live entertainment stock during the first quarter.

Entertainment 99

Entertainment Capital Stock IT 99

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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

JD Supra: Mergers

MAY 17, 2024

District court finds minority investors in companies accused of antitrust violations are not liable solely by virtue of holding a minority ownership stake. To obtain injunctive relief, the FTC must allege specific facts demonstrating that minority investors are engaging—or are about to engage—in a continuing violation of antitrust laws beyond solely holding shares in a company accused of antitrust violations.

Investors 161

Investors Shares 161

Global Banking & Finance

MAY 17, 2024

Carlos Slim’s FCC to spin off and list cement and real estate unit MADRID (Reuters) – Mexican billionaire Carlos Slim’s Spanish unit FCC plans to spin off its cement and real estate assets into a separate business to be called Inmocemento, which would be then listed on the Madrid stock market.

Stock 73

Stock Business IT 73

JD Supra: Mergers

MAY 17, 2024

On April 15, 2024, the U.S. Department of the Treasury (“Treasury”), in its capacity as the chair of the Committee on Foreign Investment in the United States (“CFIUS”), issued a proposed rule that seeks to materially enhance CFIUS’s authority with respect to monitoring transactions for potential national security risks, negotiating agreements to mitigate such risks, and imposing penalties on parties for failure to comply with CFIUS’s regulations.

IT 149

IT Negotiation Investment Securities 149