Sat.Feb 24, 2024 - Fri.Mar 01, 2024

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FTC Sues to Stop $24.6 Billion Kroger-Albertsons Deal

JD Supra: Mergers

On February 26, 2024, the Federal Trade Commission (“FTC”) issued an administrative complaint and authorized a lawsuit in federal court to block Kroger Company’s proposed $24.6 billion acquisition of the Albertsons Companies, Inc. The acquisition would be the largest supermarket merger in United States history.

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KKR to acquire VMware’s end user computing biz from Broadcom for $4B

TechCrunch: M&A

We’ve already started to see big M&A, as in multi-billion deals, finally pick up this year after a slow period last year. Today, KKR added to that growing total when it announced it was going to acquire Broadcom’s end user computing business for $4 billion. These pieces include VMware Workspace One and VMware Horizon, two […] © 2024 TechCrunch.

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High-Quality Candidates: What They Look For In A New Company

H. Friedman Search

We are back on track with sharing insights into the public finance and bond counsel recruiting world. I want to share a part of an interview that just occurred when a new firm reached out to us to recruit for them. After the typical questions of who we are, how we work, and what makes our firm so unique; we received the following request, “We want to understand the main driver that compels high-quality candidates to switch jobs and what triggers them to do so.

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It's time to buy the dip in nuclear and uranium ETFs, Bank of America says

CNBC: Investing

Funds tied to nuclear energy are struggling in February, but that is likely temporary, according to Bank of America.

Bank 145
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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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SEC’s New Rules Give SPACs, Target Companies Much to Consider

JD Supra: Mergers

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for SPACs and so-called “de-SPAC” transactions involving target companies who enter into a business combination with SPACs. In summary, the new rules appear intended to harmonize the requirements (and potential liability for SPAC acquisition targets) of de-SPAC transactions.

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Totango and Catalyst are merging to build a customer success powerhouse

TechCrunch: M&A

One of the interesting aspects of this deal is that no money is changing hands. © 2024 TechCrunch. All rights reserved. For personal use only.

More Trending

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Jacob Rothschild, Banker, Financier and Philanthropist Dies at 87

The New York Times: Banking

The fourth Baron Rothschild, he left the family banking business to start his own company, becoming a powerful financier, patron of the arts and philanthropist.

Banking 145
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Healthcare Experts See Promising Signs of Rebound in M&A and IPO Activity

JD Supra: Mergers

In the second week of January, Goodwin and KPMG convened innovators, practitioners, regulators, and others for our annual symposium on the future of life sciences and healthcare. This marked the fifth year that Goodwin co-hosted the symposium, which takes place during the annual J.P. Morgan Healthcare Conference in San Francisco.

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Warren Buffett calls the late Charlie Munger 'part older brother, part loving father' in heartfelt tribute

CNBC: Investing

In his must-read annual letter Saturday, the 93-year-old "Oracle of Omaha" detailed Munger's instrumental role in helping him expand his conglomerate.

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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal

The New York Times: Mergers, Acquisitions and Dive

The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.

Mergers 145
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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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Stockholders Agreements: Chancery Voids Terms that Tred on Board’s Statutory Authority

Deal Lawyers

Stockholders’ agreements are a common feature in a variety of transactional settings, and the rights and obligations they impose are often an essential part of the deal. That’s why the Delaware Chancery Court’s recent decision in West Palm Beach Firefighters v. Moelis & Company, (Del. Ch.

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Ten steps to successful data governance in mergers and acquisitions

JD Supra: Mergers

Introduction - The latest EY-Parthenon Deal Barometer reveals an anticipated 12% increase in corporate mergers and acquisitions (M&A) activity for the year 2024, with more than a third of CEOs actively planning to make an acquisition in the next 12 months. By: Onna Technologies, Inc.

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Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

CNBC: Investing

The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the second half of the year.

Trading 144
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Texas Man Pleads Guilty to Insider Trading After Overhearing Wife’s Work Calls

The New York Times: Mergers, Acquisitions and Dive

The man made $1.7 million in profits after buying and selling stocks in a company that his wife’s employer, BP, acquired, prosecutors said.

Trading 135
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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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02-29-2024 Newsletter: How to Take Advantage of the Market Slowdown

OfficeHours

Written by a Top OfficeHours Female IB/PE Coach Access ALL OfficeHours Platforms for $29 each TODAY ONLY! (First 50 Purchases Only!) Navigating market slowdowns can feel like finding your way through a dense fog where uncertainty prevails, and the path forward is anything but clear. For those of us embarking on careers in finance, including myself, the unease accompanying economic downturns and market volatility is all too familiar.

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Public Company Watch: February 2024

JD Supra: Mergers

In the February edition of our Public Company Watch, we cover key issues impacting public companies, including Exxon Mobil filing a complaint seeking a declaratory judgment to exclude a shareholder proposal from Arjuna Capital and Follow This, the NYSE sharing its annual guidance memo, the FTC announcing increased HSR thresholds and filing fees, and how the recently adopted SPAC rules could impact public companies.

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Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

CNBC: Investing

Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size.

IT 145
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Austin King of Steel River Explores Long-Term Hold Strategy in Industrial Services Space

How2Exit

b' E189: Austin King of Steel River Explores Long-Term Hold Strategy in Industrial Services Space - Watch Here rn rn About the Guest(s): rn Austin King is the co-founder of Steel River, a permanent holding company focused on acquiring and growing businesses within the industrial services sector, especially those supporting critical infrastructure such as the overhead crane space.

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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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How to Take Advantage of the Market Slowdown

OfficeHours

Navigating market slowdowns can feel like finding your way through a dense fog where uncertainty prevails, and the path forward is anything but clear. For those of us embarking on careers in finance, including myself, the unease accompanying economic downturns and market volatility is all too familiar. Just a few years into my journey within the financial sector, I’ve learned the critical importance of adopting a proactive and adaptable stance.

Economics 130
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FTC and a Coalition of Nine AGs Sue to Block Kroger’s Proposed $24.6B Acquisition of Albertsons

JD Supra: Mergers

The Federal Trade Commission (FTC) and a coalition of nine state attorneys general (AG) filed a lawsuit on February 26, in the U.S. District Court for the District of Oregon seeking a preliminary injunction to stall Kroger Company’s (Kroger) proposed $24.6 billion acquisition of Albertsons Companies (Albertsons), citing concerns that the proposed deal would eliminate competition among the supermarket giants, leading to higher grocery prices for millions of Americans.

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Bitcoin ETFs see record-high trading volumes as retail investors jump on crypto rally

CNBC: Investing

The iShares Bitcoin Trust (IBIT) has already seen a record number of shares traded on Wednesday.

Trading 143
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Navigating Business Expansion: The Art of Mergers, Acquisitions, and Sale Leaseback Strategies with Brandon Knowlden

How2Exit

b' E190: Brandon Knowlden Shares His Acquisition Strategy and Recent Success - Watch Here rn rn About the Guest(s): rn Brandon Knowlden is an entrepreneur with a rich background in both the advertising industry and the world of manufacturing. He kicked off his career at the early age of 13, working in his father's manufacturing business in Detroit. Later, he transitioned to advertising, working with high-profile clients like Porsche and Panera Bread.

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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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Reasons for Layoffs in the Current Environment

OfficeHours

If you are anything like me, I entered the financial services industry a few years ago with a naive sense of job security. From my personal experience, securing an investment banking internship in my junior year of college set me up for a full-time offer and launched the rest of my career. However, if the past year has taught us anything, it is that job security is unfortunately not guaranteed in any industry, and especially not in finance.

Finance 130
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Antitrust scrutiny of private equity deals intensifies

JD Supra: Mergers

Traditionally, private equity firms were seen as benign investors from an antitrust perspective. This is changing. In the past 12 months, PE-funded acquisitions have faced progressively more rigorous scrutiny by antitrust authorities.

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First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector

CNBC: Investing

First Solar is one of the few companies that has weathered the sharp downturn in the solar sector.

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Antitrust: FTC Challenges Kroger-Albertson’s Deal

Deal Lawyers

Just about 16 months after Kroger’s proposed acquisition of Albertson’s was announced, the deal finally ended up where almost everybody assumed it would – being challenged in court by the FTC.

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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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New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns

The New York Times: Banking

The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls.

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California Bill Aims to Increase Oversight Over Health Care Acquisitions

JD Supra: Mergers

California Attorney General (AG) Rob Bonta and Assembly Speaker Pro Tempore Jim Wood have introduced new legislation addressing private equity health care deals. The bill, A.B. 3129, would grant the AG oversight over private equity and hedge fund acquisitions of health care facilities.

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Apple dumps electric car to go big into AI. UBS says this is what Tim Cook will unveil this year

CNBC: Investing

Apple is axing its car project in favor of what will likely prove some big bets on artificial intelligence, according to UBS.

IT 123
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Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

The New York Times: Mergers, Acquisitions and Dive

The nonprofit had a budget shortfall of roughly $2.5 million last year amid a difficult market for fund-raising.

Mergers 119
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Navigating the Future: Generative AI, Application Analytics, and Data

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?