Tue.Jul 25, 2023

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Amazon lowers iRobot purchase price by 15% amid regulatory delays

TechCrunch: M&A

Amazon is lowering its acquisition price for robotic vacuum-maker iRobot, after the duo have hit regulatory snags trying to get the deal over the line. The e-commerce giant announced plans to acquire iRobot last August in an all-cash deal worth $1.7 billion , equating to around $61 per share. Now, Amazon has said that it’s amending its bid to $51.75, roughly 15% lower than its initial offer.

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LLC is Not an “Indispensable Party” to Direct Claims Between LLC Members

JD Supra: Mergers

In litigation, the plaintiff must include as parties to the action all persons or entities whose interests are so directly involved that the court cannot render a fair adjudication in their absence. If the plaintiff fails to include such “indispensable parties,” the case can be dismissed.

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Thales enters app security market with $3.6B Imperva acquisition

TechCrunch: M&A

French aerospace and defense group Thales is procuring cybersecurity company Imperva from Thoma Bravo in a deal worth $3.6 billion. The news comes four years after private equity giant Thoma Bravo acquired Imperva for $2.1 billion, taking the San Mateo-based company private eight years after it had gone public on the New York Stock Exchange (NYSE). Founded in 2002, Imperva is a data and application security company with services spanning web application firewalls (WAFs), API security, DDoS prote

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Foreign Subsidies Regulation Key Updates for PE Deal Teams

JD Supra: Mergers

European M&A is expected to become more complex after European legislators agreed on a new Foreign Subsidies Regulation (FSR), which came into force in January 2023 and aims to control subsidies that distort the EU internal market.

M&A 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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How to Navigate Recruiting When You Have to be in the Office

OfficeHours

Life in 2020 was not an easy time for most of us, but one of the few advantages of the pandemic was remote work and the increased flexibility that it offered. While the 80+ hour work weeks may not have gone away, it suddenly became much easier to schedule personal appointments, slot in a quick workout, or simply cook a meal whilst waiting for comments from your MD.

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Protecting Tax Assets – Considering an NOL Rights Plan

JD Supra: Mergers

A corporation’s net operating losses (NOLs)[1] are important assets that can be used to reduce future taxable income. But certain changes in a corporation’s ownership can result in the loss of NOLs. An NOL rights plan (also known as an NOL poison pill or a tax benefit preservation plan) is intended to discourage those ownership changes and can be an effective tool to help public companies preserve value for their stockholders.

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Proposed Merger Guidelines Outline Fundamental Change of Approach to Merger Investigation and Enforcement

JD Supra: Mergers

Mergers and acquisitions will continue to face strong headwinds at the Federal Trade Commission (FTC) and the US Department of Justice (DOJ) under new proposed Merger Guidelines released on July 19, 2023. The Proposed Guidelines detail how the agencies will evaluate horizontal (transactions with competitors), vertical (transactions integrating firms up/down a supply chain) and other transactions.

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The Ridiculous Medical Bill Brought to You by the Latest Hospital Merger

The New York Times: Mergers, Acquisitions and Dive

Undoing hospital monopolies may be a lost cause.

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U.S. Antitrust Agencies Launch Long-Awaited Guidelines to Bolster Merger Enforcement

JD Supra: Mergers

On July 19, 2023, the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) (collectively, the agencies) issued their long-awaited draft Merger Guidelines. The draft Merger Guidelines, once finalized, will replace both the 2010 Horizontal Merger Guidelines and the withdrawn 2020 Vertical Merger Guidelines.

Mergers 130
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Citi downgrades Goldman Sachs, says targets will take time to be reached

CNBC: Investing

Citi downgraded shares of the investment bank to neutral from buy.

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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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Revised Merger Guidelines Would Expand Reviews and Limit Combinations

JD Supra: Mergers

The Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ) on July 19, 2023, jointly announced the release of proposed Merger Guidelines that would expand significantly the number and types of transactions subject to antitrust challenge. The proposed Guidelines advance the view of the FTC and DOJ that prevailing approaches to merger review have been too permissive and not up to the task of identifying and preventing transactions that harm consumers and workers.

Mergers 130
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Walmart can rally more than 30% as it gains grocery market share, Piper Sandler says

CNBC: Investing

The firm upgraded the retail giant to overweight from neutral Monday and raised its price target to $210 per share from $145.

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New Law on the Right of Establishment in Luxembourg: What You Need to Know

JD Supra: Mergers

The Luxembourg Parliament passed on 20 July 2023 a law that reforms the right of establishment in Luxembourg, aiming to adapt the existing law to the changing environment and to enhance the professional integrity of businesses. The law also introduces the principle of a "fresh start" (nouvelle chance) for persons that have been declared bankrupt or have had an involvement in bankruptcy who meet certain criteria, allowing them to start a new activity after bankruptcy.

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Sell Disney as falling Marvel popularity and lower TV ad revenue pressure stock, Atlantic Equities says

CNBC: Investing

Disney is facing a multitude of headwinds, according to Atlantic Equities.

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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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Global Economy Shows Signs of Resilience Despite Lingering Threats

The New York Times: Banking

The International Monetary Fund upgraded its global growth forecast for 2023.

Funds 98
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Morgan Stanley names this health insurance stock a top pick, sees more than 20% upside

CNBC: Investing

The bank listed the stock as a top pick in a Tuesday note and reiterated an overweight rating on it.

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Update Your Cisco Gear (Legally and For Less)

Cisco: M&A

Co-authored by Linda D’Amico , Senior Director of Cisco Refresh According to a KPMG study – in cooperation with the Anti-Gray Market Alliance – counterfeiting is a big issue leading to an estimated … Read more on Cisco Blogs

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Here are Tuesday's biggest analyst calls: Apple, Disney, Costco, Nike, Imax, Walmart, Meta & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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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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Clearwater Analytics to launch new generative artificial intelligence solution for investment management

The TRADE

Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.

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How shares of this consumer stock could double, according to UBS

CNBC: Investing

The stock of this consumer favorite could double in price if shares outperform expectations, according to UBS.

Shares 98
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Simplifying IT Infrastructure to Meet Your Business Needs

Cisco: M&A

Over the past few years, connected technologies have shifted into overdrive, causing businesses to reassess their digital infrastructures.

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Morgan Stanley sees profound shift in diabetes treatment boosting opportunity for weight-loss drugs

CNBC: Investing

Morgan Stanley analysts said doctors are intensifying the focus on weight management for patients with diabetes, which helps sales of GLP-1 drugs.

Sale 98
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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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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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History shows a nice trading setup for Apple going into earnings

CNBC: Investing

If history is any guide, Morgan Stanley says expect a positive setup for Apple shares after its quarterly print next week.

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It Is Time to Harden Our Global Infrastructure

Cisco: M&A

Bad actors have learned that network devices such as routers and switches can be among the most valuable systems to target to achieve persistent engagement.

IT 98
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After the big 'Barbenheimer' weekend, Wells Fargo thinks this Hollywood stock can rally nearly 50%

CNBC: Investing

Movie goers are transitioning to more expensive and higher quality theatrical experiences.

Stock 98
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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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Razorpay set to save Indian Exporters $5 Billion, launches MoneySaver Export Account

Razorpay

India has rapidly emerged as a major global exporter, catering to markets from Australia to Argentina, and from the UAE to the USA. According to a Government of India report, the country’s overall exports for May 2023 crossed $60 billion. Exports have played a key role in driving India’s phenomenal economic growth. However, the payments experience for India’s export businesses has been far from smooth with traditional methods.

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Goldman sees increased risk of a drawdown in tech stocks and tells clients to use this hedge

CNBC: Investing

Betting against this tech ETF can help investors shore up their portfolios, according to Goldman Sachs.

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PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

The New York Times: Banking

Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year.

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Starboard's Jeff Smith says A.I. is an enormous opportunity, benefiting Salesforce and others

CNBC: Investing

The hedge fund manager called artificial intelligence a key technological advance similar to the internet, and many companies will benefit from the megatrend.

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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?