Tue.Aug 15, 2023

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Hospital Mergers Double the Risk of a Data Breach, Study Shows

JD Supra: Mergers

The healthcare sector is a prime target for data breaches. According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.” Industry analysts cite to many reasons for this, including the sensitivity of health data and its value on the black market compared to other forms of data.

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Appraisal: No Deference to Deal Price in Squeeze-Outs Conditioned on MFW

Deal Lawyers

On Monday, the Delaware Chancery Court issued a post-trial decision in HBK Master Fund LP v. Pivotal Software, Inc., an appraisal action brought by the former Class A common stockholders of Pivotal following a squeeze-out merger with VMware, Pivotal’s controlling stockholder.

Funds 100
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FTC and DOJ Announce New Draft Merger Guidelines

JD Supra: Mergers

vOn July 19, 2023, the U.S. antitrust enforcers, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) (collectively, the “Agencies”), released draft merger guidelines for public comment (“Draft Guidelines”). The Draft Guidelines are intended to replace the existing Horizontal Merger Guidelines, last updated in 2010, and the Vertical Merger Guidelines issued in 2020 and provide guidance for both horizontal and vertical mergers.

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Cargill to Offload Deicing Salt Businesses

The Deal

Private agricultural and chemical products giant Cargill is looking to offload a selection of U.S. deicing salt businesses, The Deal has learned. The company is working with advisers on a sale process for a selection of assets within its deicing technologies segment that generate roughly $40 million of Ebitda on about $375 million in revenue, according to people who have viewed marketing materials for the business.

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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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CFIUS Proposal Underscores Risks in Foreign Real Estate Acquisitions in the United States

JD Supra: Mergers

The Committee on Foreign Investment in the United States (CFIUS or the Committee) recently proposed expanding the scope of its jurisdiction to review real estate transactions to add over 200,000 square miles of land associated with national security-related facilities. CFIUS’s proposal would add significantly to the Committee’s broad reach over real estate deals, and comes on the heels of proposals in the Congress to potentially expand the focus on such transactions further.

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Global M&A faces market headwinds in Q2

JD Supra: Mergers

Ongoing uncertainty hampers dealmaking in second quarter of the year, but mining megadeals and the race for clean energy offer a ray of hope. Global dealmakers had a lot to contend with in the second quarter of this year. A still-gloomy economic outlook and ongoing geopolitical tensions, combined with a shock banking crisis in the spring, meant there were plenty of opposing factors facing M&A transactions.

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Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

The New York Times: Banking

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

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ECJ Antitrust Ruling Not Likely to Jump-Start EC Deal Challenges in "Gap Cases"

JD Supra: Mergers

In Short - The Development: The Court of Justice of the European Union ("ECJ") annulled a General Court ("GC") ruling that had adopted a high standard of proof for the European Commission ("EC") to block transactions in concentrated markets in which neither the parties to the deal nor other competitors have a "dominant position," a so-called "gap case" (European Commission v CK Telecoms).

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Stephen Mandel's Lone Pine Capital reveals new stakes in Nvidia and Live Nation

CNBC: Investing

Lone Pine Capital, whose founder Stephen Mandel is one of the so-called 'Tiger Cub' fund managers, has been betting big on tech stocks all year.

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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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NAAG Hosts Antitrust Bootcamp: State/Federal Cooperation Is Key

JD Supra: Mergers

The National Association of Attorneys General (NAAG)’s Eastern Region Meeting, held August 1-3, 2023 in Connecticut in conjunction with the Attorney General Alliance, included an “Antitrust Bootcamp” that surveyed the history and current state of and future challenges for state and federal antitrust enforcement.

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Jana Partners loaded up on little known defense stocks in second quarter

CNBC: Investing

Barry Rosenstein's investment firm placed new bets on two little known defense stocks in the second quarter, and also added to a home health services holding.

Stock 92
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A Hart-Scott-Rodino Act Transaction Update (July FY 2023)

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.

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UBS hikes Nvidia price target ahead of earnings, sees more than 20% upside for the high-flying chipmaker

CNBC: Investing

Analyst Timothy Arcuri maintained his buy rating on the stock and raised his price target substantially to $540, which implies a 23.4% upside.

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Top 5 SEC Developments for July 2023

JD Supra: Mergers

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources.

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Tritium Partners-backed Inbenta closes acquisition of Horizn

PE Hub

Horizn is a Toronto-based provider of easy-to-embed interactive product demos for financial institutions. The post Tritium Partners-backed Inbenta closes acquisition of Horizn appeared first on PE Hub.

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Consultation Paper on the Hong Kong Securities and Futures Commission's Proposed Amendments to the Takeovers Codes

JD Supra: Mergers

In Short - The Situation: Certain provisions of the current Codes on Takeovers and Mergers and Share Buy-Backs of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the Codes. Also, various existing practices are not codified.

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Morgan Stanley says this under-the-radar biotech stock can rally more than 80%

CNBC: Investing

Analyst Maxwell Skor upgraded the biotech stock to overweight from equal weight and raised his price target by $24 to $34.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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AI could add $500bn to value of SMEs globally

Growth Business

By Timothy Adler on Growth Business - Your gateway to entrepreneurial success Artificial intelligence could add $500 billion in value to SMEs globally, whether they develop AI applications for others or use it themselves. So says Lee Chin Jian, vice-president at boutique investment bank DAI Magister , which has offices in New York and in London, and has advised tech startup clients which have been sold to Apple, Nokia, NVIDIA, Shell, Ziff Davis and others.

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Keith Meister's Corvex Management places new giant bet on a drugmaker, adds to a utility stake

CNBC: Investing

Founder Keith Meister was a protege of corporate raider Carl Icahn and was previously CEO of the billionaire's firm.

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Cisco Umbrella for Government: Delivering Mission Critical Security

Cisco: M&A

“It takes a village.” I have realized this is truly the case being part of Cisco’s go to market team for Umbrella for Government.

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Comvest Partners backs Apotheco Pharmacy Group

PE Hub

Founded in 2013, Apotheco provides specialized dermatological care solutions to medical providers and patients. The post Comvest Partners backs Apotheco Pharmacy Group appeared first on PE Hub.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Hedge funds beefed up A.I. bets in the second quarter

CNBC: Investing

Hedge funds boosted some of their A.I. bets in the second quarter even as technology stocks continued trending upward.

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KKR eyes consolidating test and measurement sector with Industrial Physics

PE Hub

'We can acquire companies that may be small, but they are still going to be a market leader in the specific niche application that they serve,' said KKR's Brandon Brahm. The post KKR eyes consolidating test and measurement sector with Industrial Physics appeared first on PE Hub.

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Investors can get a 5% yield with this corporate bond fund

CNBC: Investing

Here's how the Invesco Corporate Bond fund looks to provide returns for investors.

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Road safety firm Safety Marking picks up funding from Highview Capital

PE Hub

Mark Kelly, founder and operator of Safety Marking, will retain a significant stake in the business and continue to serve as president. The post Road safety firm Safety Marking picks up funding from Highview Capital appeared first on PE Hub.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Viking Global slashes Amazon and insurance positions, adds to bets in biotech

CNBC: Investing

Ole Andreas Halvorsen's Viking Capital cut its holdings in Amazon and insurance companies in the second quarter.

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Mexican digital bank Klar inks $100m credit facility from VPC

PE Hub

The financing will be used for growth and expansion. The post Mexican digital bank Klar inks $100m credit facility from VPC appeared first on PE Hub.

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Lebanon Freezes Accounts of Riad Salameh

The New York Times: Banking

The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.