Sat.Jun 29, 2024 - Fri.Jul 05, 2024

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Antitrust in focus - April 2024

JD Supra: Mergers

Spotlight on below-threshold merger reviews: doubts over European Commission’s powers while in depth probes launched in Italy - Last month, we reported on the landmark Advocate General (AG) opinion in Illumina/GRAIL. The AG assessed whether the European Commission (EC) has jurisdiction (under its revised “Article 22” referrals policy) to review transactions where neither EU nor national merger control notification thresholds are met.

Mergers 312
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Robinhood snaps up Pluto to add AI tools to its investing app

TechCrunch: M&A

Investment app Robinhood is adding more AI features for investors with its acquisition of AI-powered research platform Pluto Capital, Inc. Announced on Monday, the company says that Pluto will allow Robinhood to add tools for quicker identification of trends and investment opportunities, help guide users with their investment strategies, and offer real-time portfolio optimization.

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New York Court Awards Seller Specific Performance

Deal Lawyers

In James River Group Holdings v. Fleming Group Holdings, (NY Sup. 4/24), the New York Supreme Court’s Commercial Division recently addressed a seller’s claim for specific performance of the buyer’s obligation to close under the terms of a stock purchase agreement.

Stock 124
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Warren Buffett's Berkshire Hathaway raked in billions from BYD, the China EV maker Munger called a 'damn miracle'

CNBC: Investing

The BYD bet turned out to be one of Berkshire's best, with its value ballooning to $8 billion at BYD's peak as the EV market exploded.

IT 139
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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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EDVA Judge Trims Down Claims in Trademark Dispute Arising From Business Sale

JD Supra: Mergers

A pending EDVA case shows how the failure to address intellectual property rights in an asset sale can mushroom into multinational litigation, including a dispute over trademark rights in the United States.

Sale 182

More Trending

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Antitrust: FTC Alums Push Back on “Drop a Dime on Roll-ups” Initiative

Deal Lawyers

Last week, I blogged about the FTC & DOJ’s “Request for Information” (RFI) asking the public to provide information to help the agencies “identify serial acquisitions and roll-up strategies throughout the economy that have led to consolidation that has harmed competition.

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Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier

The New York Times: Mergers, Acquisitions and Dive

The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.

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Energy & Sustainability M&A Activity — July 2024

JD Supra: Mergers

May 21, 2024: Alternative Power Partners, providers of renewable energy project development that deals in cutting-edge technologies to drive the transition towards clean energy solutions for community, commercial, industrial, and utility-scale solar and battery projects, was acquired by Renewable Construction Services for an undisclosed amount.

M&A 172
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CoinDCX acquires BitOasis in international expansion push

TechCrunch: M&A

CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based startup said BitOasis’s team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens.

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Provide Real Value in Your Applications with Data and Analytics

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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SPACs: SEC Issues New FAQ Addressing Co-Registrant Status

Deal Lawyers

Earlier this week, the SEC updated its FAQs on Draft Registration Statements to address how companies should deal with the SPAC rules’ new co-registrant requirement when furnishing draft registration statements.

IT 100
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These parts of the stock market are already priced for recession, Northwestern CIO says

CNBC: Investing

Smaller companies are already trading like they've been beaten up by a weak economy, according to a top investor at Northwestern Mutual Wealth Management.

Investors 127
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Les modifications apportées à la Loi sur la concurrence du Canada sont en vigueur

JD Supra: Mergers

Comme nous en avons discuté dans notre publication de février 2024 intitulée Perspectives sur le droit de la concurrence au Canada et notre Bulletin Blakes de décembre 2023 intitulé Refonte des règles : Mise à jour de la Loi sur la concurrence du Canada, des modifications importantes et de grande portée à la Loi sur la concurrence (la « Loi ») ont reçu la sanction royale le 20 juin 2024.

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Barry Diller Explores Bid to Take Control of Paramount

The New York Times: Mergers, Acquisitions and Dive

Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company.

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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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The Right Way To Think About Market Timing When Selling Your Business

Benchmark International

When is the right time to put your company on the market? Many business owners struggle with this question. It's a difficult decision involving many complexities, but it doesn't have to be that complicated. There is one simple rule for any business owner to live by: ALWAYS have your company in the best position to be sale-ready.

Business 111
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Morgan Stanley says this is the stock to play China's EV industry consolidation

CNBC: Investing

The firm has resumed coverage of a Chinese automaker with an overweight rating on expectations it can weather macro and industry uncertainties.

Stock 132
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European Competition Law Newsletter – July 2024

JD Supra: Mergers

European Commission Imposes Fine for Deletion of WhatsApp Messages During Dawn Raid - One of the basic lessons taught during competition law compliance training is that companies should never obstruct a dawn raid carried out to investigate anti-competitive behaviour. The European Commission (EC), along with national competition law regulators in the EU, UK and elsewhere, considers this a serious issue, and large fines on the company for a breach are inevitable.

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Paramount and Skydance Are Said to Resume Merger Talks

The New York Times: Mergers, Acquisitions and Dive

Just weeks after the two media companies scuttled their talks about a potential deal, they have resumed their conversations.

Media 133
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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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Apartments Could Be the Next Real Estate Business to Struggle

The New York Times: Banking

Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.

Business 119
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Here’s where money managers are seeking income at mid-year as rates stay high

CNBC: Investing

It's mid-year and traders are hoping for a rate cut from the Federal Reserve in September. How to prepare the bond portion of your portfolio for what's next.

Portfolio 115
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Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny

JD Supra: Mergers

Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials - Federal and state governmental regulation of health care transactions continues to increase rapidly. At the federal level, there is increased focus on the role of private equity in health care and the perceived impact on access to care, quality of care and pricing.

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Saks Acquires Neiman Marcus

The New York Times: Mergers, Acquisitions and Dive

The deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape the retail landscape.

Retail 131
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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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Sustainability is in our DNA

World Finance

Discover how KBC Asset Management is leading the charge in sustainable investing, integrating ESG principles into its strategies, and pioneering responsible investment solutions for a better future

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Top Wall Street analysts favor these dividend stocks for better returns

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Citigroup

Stock 127
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Dissolution Undone

JD Supra: Mergers

Business divorce and non-judicial (a/k/a voluntary) dissolution of a business entity rarely intersect. But when they do, or even in a non-business divorce setting, if a business owner needs to rescind a certificate of voluntary dissolution allegedly filed improperly by someone else, what recourse is there? Confronted with a meritorious demand, does the secretary of state have authority and discretion to rescind the dissolution certificate and reinstate the entity to active status?

Business 167
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SYLA Solar to absorb renewable data center company in move to leverage business strength

Global Newswire by Notified: M&A

TOKYO, July 01, 2024 (GLOBE NEWSWIRE) -- SYLA Solar Co., Ltd. (Head Office: Nagoya, Aichi; CEO: Takeshi Fuchiwaki; hereinafter “SYLA Solar”), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ “SYT”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, absorbed and merged with SYLA Biotech Corporation (Head office: Shibuya-ku, Tokyo; CEO: Makoto Ariki), effective on July 1 st , 2024.

Business 105
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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?

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SPACs: “I’m Not Dead Yet”

Deal Lawyers

The SEC’s new SPAC disclosure rules went into effect yesterday.

Investors 124
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Tesla shares to get hit this quarter on lower demand and margins, predicts Wells Fargo

CNBC: Investing

Wells Fargo has an underweight recommendation on Tesla and a $120 price target, implying nearly 40% downside from Friday's close of $197.88.

Shares 119
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Massachusetts Business Litigation Session Decides Issues of First Impression in Appraisal Rights Action

JD Supra: Mergers

The Court held that a modification of an existing stock restriction that has a material adverse effect on a shareholder’s ability to transfer their shares automatically triggers the shareholder’s appraisal rights and ability to require the company to redeem the shares at the appraised price under Mass. Gen. Laws c. 156D, § 13.02.

Business 161