Tue.Sep 17, 2024

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DOJ Hits Venue Services Group With $3.5 Million HSR Gun-Jumping Penalty

JD Supra: Mergers

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global. The proposed final judgment requires Legends, a global venue services company providing food and beverage services in stadiums and other venues, to pay a $3.

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Workday acquires AI-powered document platform Evisort

TechCrunch: M&A

Workday announced on Tuesday that it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s tech will enable Workday to add a range of AI-powered document processing tools to its existing finance and HR software. “Evisort will help us deliver […] © 2024 TechCrunch.

Finance 226
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Unhealthy Alliance: Hospitals Sharing Senior Leadership Increases Antitrust Risk

JD Supra: Mergers

Collusion among rivals has long been considered the “supreme evil of antitrust.” It is not surprising, therefore, that antitrust scrutiny was applied to one hospital’s decision to employ the Chief Executive Officer of its only competing hospital while the CEO still remained employed by the competitor, without any effort to integrate the hospitals clinically or financially or any effort to implement effective screening measures to protect against the sharing of competitively sensitive.

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Due Diligence Preparation

Beyond M&A

There’s a clear difference between firms that are well-prepared and open during due diligence preparation and those that are reactive and guarded. A company’s readiness can significantly impact how smoothly the due diligence process unfolds. Preparing for due diligence is like convincing kids to do their homework—they know they should, but it often feels tedious without a genuine sense of urgency or interest.

Investors 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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No Rest for the Weary: Three Trends to Watch in Shareholder Activism This Fall

JD Supra: Mergers

Fall is fast approaching, so most major US public companies have held their 2024 annual meetings. But, while temperatures are sure to cool in the coming months, the same can no longer be said for the shareholder activism environment. Originally published by CorpGov, September 12, 2024.

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SBA Proposes Rule That Will Change M&A Landscape for Small Business, Recertifications to Impact Award Eligibility

JD Supra: Mergers

The Small Business Administration ("SBA") recently issued a proposed rule that changes the effect of a concern's size recertification following mergers and acquisitions ("M&A") activity. Notably, the proposed rule is ostensibly an omnibus proposal as it covers a host of issues under SBA's socio-economic contracting programs. The proposed rule, for example, includes changes to SBA's negative control affiliation provisions (discussed here), joint venture rules, mentor-protégé rules, and others

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Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says

The New York Times: Mergers, Acquisitions and Dive

The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.

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Amendment to CCPA Would Require Consumer OptOut Elections to be Preserved Following M&A Transactions

JD Supra: Mergers

Data privacy and security risk and compliance issues relating to exchanges of personal information during merger, acquisition, and similar transactions can sometimes be overlooked. In 2023, we summarized an enforcement action resulting in a $400,000 settlement following a data breach that affected personal information obtained during a transaction. By: Jackson Lewis P.C.

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The Guardian in Talks to Sell The Observer to Tortoise Media

The New York Times: Mergers, Acquisitions and Dive

The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.

Media 106
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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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Navigating Antitrust Enforcement: The Supreme Court Decision on Chevron Doctrine

JD Supra: Mergers

Summary: Understanding the context of the Chevron doctrine decision is important to prepare for the unpredictability of antitrust enforcement. Our recommendations for in-house counsel help to jumpstart your game plan.

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$50 Billion in Aid to Ukraine Stalls Over Legal Questions

The New York Times: Banking

U.S. and European officials are struggling to honor their pledge to use Russian assets to aid Ukraine.

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Event in Review: Antitrust in Healthcare: The Good, the Bad, and the Ugly

JD Supra: Mergers

Investment in the healthcare industry requires careful consideration, as it involves numerous distinct areas of the law. Venable's Private Equity Investment in Healthcare webinar series explores the unique issues and timely developments that shape deals within the industry.

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Best dividend stocks to buy as rate cuts make their yields more attractive

CNBC: Investing

Investors can look at these stocks as strong plays amid the upcoming rate-cutting cycle — and also as reliable hedge against any economic slowdown.

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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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Wagner v. BRP: The Court of Chancery extends its Moelis stockholders agreement jurisprudence

JD Supra: Mergers

In Wagner v. BRP Group Inc., the Delaware Court of Chancery further developed its jurisprudence regarding the validity of stockholders agreements that vest significant control rights in minority stockholders instead of a corporation’s board of directors. The court, applying and extending the reasoning in its opinion in Moelis & Co. earlier this year, found that certain pre-approval rights vested in a corporation’s founder pursuant to a stockholders agreement were invalid under Sections 142 a

IT 167
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Point72's Steve Cohen is stepping back from trading his own book

CNBC: Investing

The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72.

Trading 99
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Another Delaware Publicly Traded Company Proposes A Nevada Move

JD Supra: Mergers

Last week, Chromocell Therapeutics Corporation filed preliminary proxy materials that included a proposal to reincorporate in Nevada. Rather than convert, the company is proposing to effect the reincorporation by means of a merger with and into a wholly-owned subsidiary of the Company. The proposal also contemplates a simultaneous name change to “Channel Therapeutics Corporation”.

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TDECU Continues to Grow in Greater Houston, Embraces Space City Through Strategic Merger

Global Newswire by Notified: M&A

Two of Houston’s Strongest Credit Unions Will Merge Their Resources to Better Serve Their Members Two of Houston’s Strongest Credit Unions Will Merge Their Resources to Better Serve Their Members

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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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State Street launches new FX trading tool

The TRADE

State Street has launched a new decision augmentation tool leveraging BestX transaction cost analysis and its FX Connect trading platform to optimise clients trade execution. Named BestXecutor, the new tool offers FX Connect clients actionable pre-trade analytics to optimise request-for-stream and algo execution, embedded into a client’s FX Connect workflow and integrated with its GlobalLink Digital platform.

Trading 70
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Wednesday's big stock stories: What's likely to move the market in the next trading session

CNBC: Investing

The S&P 500 and the 30-stock Dow touched fresh all-time highs before closing near the flatline on Tuesday. Here's what CNBC is watching going into Wednesday.

S&P 76
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SC Ventures leads investment round for One Trading

The TRADE

Standard Chartered’s innovation, fintech investment and ventures arm SC Ventures has made a strategic investment in European crypto-assert exchange One Trading. Joshua Barraclough, founder and chief executive at One Trading This latest round saw existing investor MiddleGame Ventures increase its stake in One Trading, while Valar and SpeedInvest also participated.

Trading 62
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F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers

The New York Times: Banking

Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.

Banking 76
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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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Euronext acquires Substantive Research

The TRADE

Euronext has acquired Substantive Research in its entirety as the group looks to enhance its investor services segment. London-headquartered Substantive Research provides research and market data benchmarking to more than 100 global clients across Europe and North America. Speaking about the deal, Mike Carrodus, founder and chief executive of Substantive Research, said: “Euronext’s acquisition of Substantive Research underlines our team’s hard work in creating a unique price benchmarking databas

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Building the Future of Digital Banking: How Razorpay Accelerated Jupiter Money’s Journey

Razorpay

Jupiter Money, a leading name in India’s neo-banking space, is on a mission to create a fully digital banking platform. With verticals spanning across lending, banking, investments, and personal financial management (PFM), Jupiter aims to redefine convenience for its customers. Known as the “All Things Money App,” Jupiter is committed to delivering seamless financial services in the digital age.

Banking 59
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The TRADETechFX Daily 2024 launches in Amsterdam as your official guide to the event!

The TRADE

The TRADE is excited to launch the digital edition of The TradeTechFX Daily , official magazine of TradeTechFX Europe, full to the brim with the latest industry news and exclusive interviews with buy-side speakers. Covering top stories from recent months, the important regulatory developments and key industry insights from buy-side speakers at the event, The TRADETechFX Daily can be accessed here.

Trading 57
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The Fed is preparing to cut interest rates. How to revamp your fixed income investments

CNBC: Investing

The central bank's highly anticipated rate decision is due Wednesday, and money market funds' yields are about to take a hit.

Funds 85
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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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Kepler Cheuvreux picks up majority stake in ETF platform Trackinsight

The TRADE

Kepler Cheuvreux has acquired a majority stake in ETF selection and analysis platform Trackinsight. Jean-Pierre Ané, deputy chief executive at Kepler Cheuvreux Following the completion of the transaction, the Trackinsight brand is set to be maintained and continue to operate independently as well as retaining its in-house teams. The move “reaffirms [Kepler’s] commitment to becoming the undisputed leader in the ETF sector,” said the firm.

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Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed

CNBC: Investing

As Wall Street gears up for potential rate cuts from the Fed this week, JPMorgan traders say a quarter-point cut may only exacerbate market uncertainty.

IT 69
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Kepler Cheuvreux picks up majority stake in ETF platform Trackinsight

The TRADE

Kepler Cheuvreux has acquired a majority stake in ETF selection and analysis platform Trackinsight. Jean-Pierre Ané Following the completion of the transaction, the Trackinsight brand is set to be maintained and continue to operate independently as well as retaining its in-house teams. The move “reaffirms [Kepler’s] commitment to becoming the undisputed leader in the ETF sector”, said the firm.