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.

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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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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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More on “Antitrust: DOJ & FTC Issue Draft Merger Guidelines”

Deal Lawyers

Last week, John shared an excerpt from the Fact Sheet highlighting the key provisions of the DOJ & FTC’s proposed 2023 Draft Merger Guidelines. This S&C memo provides some color commentary on the ideology underlying these guidelines and their impact on antitrust law.

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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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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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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.

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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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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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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.

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Don't chase the Coinbase rally as regulatory risks still linger, analysts warn

CNBC: Investing

Despite the ways Coinbase and the crypto industry can benefit from the XRP ruling, the dark cloud of regulatory uncertainty hasn't gone away yet.

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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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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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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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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.

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Comvest Partners wraps up sixth credit fund at $2bn

PE Hub

Comvest Credit Partners VI will provide debt financing to mid-sized North American businesses. The post Comvest Partners wraps up sixth credit fund at $2bn appeared first on PE Hub.

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Buy these high-yielding stocks that have grown dividends for 10 years, Trivariate Research says

CNBC: Investing

High-yielding stocks could become increasingly important for investors' portfolios, according to Trivariate Research's Adam Parker.

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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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Blackstone backs Israeli security company Adaptive Shield

PE Hub

This investment will be used to accelerate Adaptive Shield’s mission to protect companies. The post Blackstone backs Israeli security company Adaptive Shield appeared first on PE Hub.

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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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Thoma Bravo sells Imperva for $3.6bn in hot cybersecurity market; RF makes legal play with Nextpoint investment

PE Hub

Apollo invests in leading pet retailer PetSmart. The post Thoma Bravo sells Imperva for $3.6bn in hot cybersecurity market; RF makes legal play with Nextpoint investment appeared first on PE Hub.

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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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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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Legal tech firm Nextpoint snags investment from RF Investment Partners

PE Hub

Nextpoint was founded in 2001. The post Legal tech firm Nextpoint snags investment from RF Investment Partners appeared first on PE Hub.

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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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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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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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TC Energy to sell Columbia Gas, Columbia Gulf interest to GIP

PE Hub

The deal is expected to generate total proceeds of C$5.2 billion ($3.9 billion) in cash. The post TC Energy to sell Columbia Gas, Columbia Gulf interest to GIP appeared first on PE Hub.

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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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PSG invests $95m in ecommerce platform AppHub

PE Hub

The capital infusion will be used by AppHub to accelerate its growth. The post PSG invests $95m in ecommerce platform AppHub appeared first on PE Hub.