JD Supra: Mergers

MARCH 21, 2024

Today's speech by Guillaume Loriot -- the EC's Deputy Director General for Mergers -- is worth a read. Without agreeing necessarily with all of the enforcement decisions described therein, it is striking how much the speech reminds me of those given by US antitrust officials back in the 1990s, 2000s, and much of the 2010s.

Mergers 163

Mergers Trading IT 163

CNBC: Investing

MARCH 4, 2024

The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend.

IT 145

IT 145

JD Supra: Mergers

MAY 24, 2023

Market conditions suggest that the trend toward longer durations will continue in 2023. Amid the current economic uncertainty, many PE buyers are taking extra precautions to ensure that the deals they pursue will deliver the value they expect. By: Goodwin

M&A 134

M&A Economics 134

Deal Lawyers

JUNE 26, 2025

After being the second-largest underwriter of SPAC IPOs in 2021, the firm made the decision in 2022 not to work with SPACs anymore — through a self-imposed ban on underwriting SPAC IPOs or working on de-SPAC transactions — apparently deeming it too […] ICYMI, last week, Bloomberg reported that Goldman is back in the SPAC market.

Underwriting 100

Underwriting IPO IT 100

TechCrunch: M&A

JANUARY 9, 2024

Good Chemistry, founded by Arman Zaribafiyan in 2021 as a spin-off of quantum computing company 1QBit and backed by investors including Green Sands Equity […] © 2023 TechCrunch. All rights reserved. For personal use only.

Equities 281

Equities Investors 281

The New York Times: Banking

MAY 8, 2024

The hedge fund is accused of borrowing money from banks to buy stocks.

Funds 129

Funds Stock Bank Banking 129

JD Supra: Mergers

SEPTEMBER 19, 2024

The M&A market has witnessed a major increase in the use of earnout deal terms after 2021. The number of deals with earnout provisions jumped from around 20% in 2021 to 33% in 2023. By: Womble Bond Dickinson

M&A 169

M&A 169

JD Supra: Mergers

MAY 23, 2023

Following enhanced scrutiny from the Securities and Exchange Commission and the poor post-merger performance of many SPACs, the SPAC bubble burst in early 2021 as investors and dealmakers turned their attention elsewhere. By: Jones Day

Mergers and Acquisitions 241

Mergers and Acquisitions Mergers Investors Acquisitions 241

JD Supra: Mergers

AUGUST 16, 2024

8, 2024), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of a securities class action brought by investors who purchased shares of the special purpose acquisition company Churchill Capital Corporation IV (“CCIV”) in early 2021 before it merged with Atieva, Inc. d/b/a Lucid Motors (“Lucid”) in July 2021.

Investors 175

Investors Mergers Corporation Capital 175

CNBC: Investing

JULY 11, 2024

Bitcoin is not expected to retest its record until later in the year, but data shows this correction could get uglier before a recovery begins.

IT 104

IT 104

JD Supra: Mergers

AUGUST 15, 2024

AstraZeneca dismissed stockholder claims in connection with the $3 billion merger of Viela Bio and Horizon Therapeutics in 2021. On July 2, 2024, the Delaware Chancery Court in Sciannella v. The merger was approved by Viela’s stockholders at a share price of $53.00 per share, a 52.8% premium over Viela’s share price at the time.

Mergers 185

Mergers Shares 185

JD Supra: Mergers

DECEMBER 19, 2024

As we close 2024, middle market M&A transactions, typically valued between $10 million and $500 million, have begun to show signs of finally rebounding from their peak in 2021. As deal activity continues to ramp up, here are some recent trends that we are observing going into 2025: By: Seward & Kissel LLP

Middle Market 175

Middle Market M&A 175

JD Supra: Mergers

NOVEMBER 15, 2024

government has used its powers under the National Security and Investment Act 2021 (the UK’s version of CFIUS) to order a Chinese-registered firm to sell its stake in a British semiconductor company. By: Hogan Lovells

Securities 163

Securities Investors Government Investment 163

JD Supra: Mergers

OCTOBER 24, 2024

Deal volumes increased, but the market remains considerably slower compared to the boom years of 2021 and 2022. The mergers and acquisitions (M&A) landscape in 2024 showed signs of recovery following the slump experienced in 2023. However, industry professionals remain cautiously optimistic.

M&A 180

M&A Mergers and Acquisitions Finance Finance 180

JD Supra: Mergers

OCTOBER 1, 2024

The Situation: On September 10, 2024, the UK government published the third National Security and Investment Act 2021 Annual Report ("2023/2024 Annual Report"), revealing longer processing times for foreign direct investment ("FDI") reviews, but lower rates of Phase 2 call-ins and conditions being imposed. By: Jones Day

Government 169

Government Investment Securities 169

JD Supra: Mergers

NOVEMBER 14, 2024

At the end of 2020, the United Kingdom (UK) and the European Union (EU) signed the EU-UK Trade and Cooperation Agreement (TCA), which both parties then ratified in 2021.

Trading 175

Trading 175

JD Supra: Mergers

FEBRUARY 19, 2025

COMPETITION - Summary of Commission Decision of 28 June 2021 pursuant to Article 7 of Council Regulation (EC) No 1/2003 in Case AT.39914 39914 - Euro Interest Rate Derivatives - Opinion of the Advisory Committee on restrictive agreements and dominant positions & Final Report of the Hearing Officer. By: Mayer Brown

Advisory 163

Advisory 163

JD Supra: Mergers

JANUARY 28, 2025

Deal numbers, by both absolute volume and aggregate deal value, remained far below the heights of 2021. 2024 was a better year for mergers and acquisitions (M&A) in the UK and Europe than 2023, although overall growth in the market was slow. By: Katten Muchin Rosenman LLP

M&A 163

M&A Mergers and Acquisitions Mergers Acquisitions 163

JD Supra: Mergers

NOVEMBER 10, 2023

s 2021 acquisition of GRAIL Inc., European Commission Orders Unprecedented Unwinding Of Illumina’s Acquisition of GRAIL. For the first time, the European Commission has ordered reversal of a consummated transaction, Illumina Inc.’s a company developing blood tests for cancer detection. By: WilmerHale

Acquisitions 175

Acquisitions 175

JD Supra: Mergers

SEPTEMBER 11, 2024

According to the American Bar Association's Private Target Mergers and Acquisitions Deal Points Studies, financial statement representations are universally required from sellers in private company M&A deals, included in almost every transaction—99% covered by the most recent study in 2021. Originally Published in Bloomberg Law.

Financial Statement 169

Financial Statement Mergers and Acquisitions M&A Mergers 169

JD Supra: Mergers

JANUARY 14, 2025

Superior, formed in 2021 and based in Baton Rouge, Louisiana, is a provider of home health and hospice services throughout Louisiana. Renovus Capital Partners has announced the acquisition of Superior Health Holdings. By: McGuireWoods LLP

Private Equity 150

Private Equity Healthcare Equities Capital 150

JD Supra: Mergers

SEPTEMBER 16, 2024

In a much-anticipated ruling of 3 September 2024, the EU's highest court threw out the policy that the European Commission has been pursuing since 2021, by which it asserted jurisdiction to review so-called “killer acquisitions” falling below the review thresholds of both the Commission and all EU Member States.

Acquisitions 180

Acquisitions Mergers and Acquisitions Mergers IT 180

JD Supra: Mergers

JULY 18, 2024

The Corporate Transparency Act (“CTA”) was signed by Congress back in January of 2021, but the Beneficial Ownership Information Reports (“BOI Reports”) were not required until January 1, 2024.

Corporation 180

Corporation 180

JD Supra: Mergers

MARCH 5, 2024

Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022.

Capital 190

Capital Investment Equities 190

JD Supra: Mergers

AUGUST 19, 2024

32/2021 on Commercial Companies Law (Companies Law), where shareholders play a pivotal role in the financial health and prosperity of a company. Investment is a cornerstone of corporate governance under Federal Decree-Law No.

Profitability 169

Profitability Shares Investment Government 169

JD Supra: Mergers

FEBRUARY 21, 2024

The National Security and Investment Act 2021 (NSIA), the UK’s first standalone regime for screening investments on national security grounds, has been in force for two years. The UK government is considering steps to make the regime more business-friendly, while maintaining and refining essential national security protections.

Government 175

Government Securities Investment M&A 175

American Banker - Investment Banking

MAY 9, 2025

Incentive pay for investment bankers at major firms is expected to fall this year by 13% from 2021 levels, according to a consulting firm's report. But stock traders may reap the rewards of market volatility.

Consulting 59

Consulting Stock Investment Investment Banking 59

JD Supra: Mergers

JULY 31, 2024

Much has been written about the Corporate Transparency Act (“CTA”), which was enacted on January 1, 2021, and went into effect on January 1, 2024. Briefly, the CTA requires “reporting companies” to disclose beneficial ownership information (“BOI”) to the federal government.

Corporation 169

Corporation Government Trading Investment 169

JD Supra: Mergers

APRIL 8, 2024

2024 is likely set to hit a new peak of transaction activities in volume and value of transactions, since at the end of 2023, the deal activity in the region already looked similar to the full-year 2021. By: Latham & Watkins LLP

M&A 180

M&A 180

The New York Times: Banking

JULY 10, 2024

The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.

Capital 138

Capital Bank Banking Management 138

JD Supra: Mergers

JUNE 5, 2024

This is considerably less than in 2021 during which issuers raised over $108.8 The PIPE market has proven to be resilient during times of stress. In 2023, issuers raised over $33.8 billion in 809 PIPE transactions according to PrivateRaise. However, PIPE transaction activity has accelerated during the first five months of 2024.

169

169

JD Supra: Mergers

JANUARY 17, 2024

The Report covers the period October 1, 2021, through September 30, 2022, which represents the first full fiscal year of the Biden Administration’s merger enforcement efforts. The Federal Trade Commission (FTC) and the Department of Justice Antitrust Division (DOJ) on December 21, 2023, released the FY 2022 HSR Annual Report (the Report).

Mergers 169

Mergers Trading 169

JD Supra: Mergers

OCTOBER 3, 2023

EU General Court Confirms Geo-Blocking Illegally Partitions the Single Market - On 27 September 2023, the EU’s second highest court, General Court or GC, upheld a 2021 European Commission decision that geo-blocking agreements relating to activation keys for PC video games infringed EU competition law. By: McGuireWoods LLP

163

163

JD Supra: Mergers

OCTOBER 17, 2024

The UK’s Cabinet Office has published its third annual report on the functioning of the National Security and Investment Act 2021 (NSIA), covering the period from 1 April 2023 to 31 March 2024. The report provides insights into the performance of the National Security and Investment Act. By: Latham & Watkins LLP

Investment 157

Investment Securities IT 157

JD Supra: Mergers

JULY 12, 2023

Overview - The year 2022 started strong but proved to be a mixed year for M&A in what could be described as a return to earth after the record-setting year that was 2021. M&A market alone exceeded $2 trillion in 2021 – a staggering figure that crushed (by nearly 30%) the then-existing record established in 2015.

Mergers 130

Mergers Acquisitions M&A Valuation 130