Fri.Jul 07, 2023

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EU’s competition unit takes a deeper look at Amazon’s iRobot acquisition

TechCrunch: M&A

Amazon’s planned acquisition of iRobot is now under in-depth antitrust scrutiny in the European Union. The $1.7 billion deal for the ecommerce behemoth to pick up the robot vacuum maker, announced just under a year ago , was cleared by competition regulators in the U.K. last month. But EU regulators are now stepping in for their own close sweep.

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FTC Proposes Sweeping Changes to US Merger Filing Requirements

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (FTC), in concurrence with the Antitrust Division of the US Department of Justice (DOJ), announced a proposal to drastically overhaul the Hart-Scott-Rodino (HSR) premerger notification process. The proposed rulemaking is yet another step in this Administration’s pursuit of its ambitious enforcement agenda, furthering the goals outlined in President Biden’s Executive Order aimed at promoting competition in the American economy.

Mergers 154
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Private Equity: SEC Enforcement Action Targets Fund Advisor

Deal Lawyers

Last month, the SEC announced a settled enforcement action against Insight Venture Management LLC alleging that the fund advisor charged excess management fees & failed to disclose a conflict of interest relating to its fee calculations.

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Healthcare & Life Sciences Private Equity Deal Tracker: Blackford Acquires PACIV

JD Supra: Mergers

Blackford Capital has announced it has acquired PACIV. PACIV, with its U.S. headquarters in Indianapolis, is a provider of industrial process automation and systems integration.

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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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Twitter Sues Law Firm Over $90 Million Payment in Elon Musk Deal

The New York Times: Mergers, Acquisitions and Dive

The lawsuit targeted Wachtell, Lipton, Rosen & Katz, a well-known Wall Street law firm, for “unjust enrichment” related to Mr. Musk’s $44 billion purchase of Twitter.

More Trending

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Seamless Firewall Service Insertion in the Network with Cisco Catalyst Switches

Cisco: M&A

The integration of information technology (IT) and operational technology (OT) systems, also known as IT/OT integration, is a crucial process in industries such as manufacturing, energy, and… Read more on Cisco Blogs

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Cetera buys RIA

JD Supra: Mergers

Cetera is acquiring The Retirement Planning Group (TRPG), a registered investment advisory (RIA) firm that has $1.4 billion in assets. By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Advisory 130
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Revolutionizing Partner Support: Black Belt’s Game-Changing Track Revamp

Cisco: M&A

In today’s fast-paced digital landscape, businesses rely heavily on robust networking infrastructure to stay competitive and ensure smooth operations.

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A Positive Trend? A Hart-Scott-Rodino Act Transaction Update (June 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.

Trading 130
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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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SEC seeks rule change that could cause fund managers to take less risk

CNBC: Investing

The rule change involves lowering the bar for indemnification of fund managers to "ordinary negligence" from "gross negligence.

Funds 98
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FTC and DOJ Propose Sweeping Changes to Pre-Merger Notification Filings

JD Supra: Mergers

Last week, the Federal Trade Commission and the Department of Justice Antitrust Division (together, the Agencies) issued a Notice of Proposed Rulemaking (NPRM) that if implemented would fundamentally change the Hart-Scott-Rodino Act's (HSR) premerger review process. The proposed rule changes would substantially increase the information provided to the Agencies in the initial HSR notification and report, adding weeks – and costs – to the time required to prepare the filings, including those for.

Mergers 130
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KeyBanc says this chip stock may struggle as positive catalysts remain uncertain

CNBC: Investing

KeyBanc downgraded the stock to sector weight from overweight on account of the company's shares recently exceeding its previous price target of $468.

Stock 84
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FTC Proposes Significant Expansion and Changes to HSR Merger Notification Form

JD Supra: Mergers

On June 27, 2023, the U.S. Federal Trade Commission (“FTC”), with the collaboration and concurrence of the Antitrust Division of the U.S. Department of Justice (“DOJ”), announced a Notice of Proposed Rulemaking (the “Notice”) that proposes extensive changes to the Hart-Scott-Rodino (“HSR”) Premerger Notification Form (“HSR Form”) requirements and instructions.

Mergers 130
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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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Morgan Stanley sees even more gains for Ferrari shares after strong 2023 start

CNBC: Investing

Analyst Adam Jonas raised his price target on Ferrari shares to $340 from $310 while maintaining his overweight rating and top pick.

Shares 98
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FTC Calls for Major Changes in Hart-Scott-Rodino Rules

JD Supra: Mergers

The Federal Trade Commission (“FTC”) on June 27 issued a proposed rule pursuant to which it would amend its Hart-Scott-Rodino Act (“HSR”) form and instructions and in so doing make major “top-to-bottom” changes for the first time in 45 years.

Trading 130
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KKR to invest in fiber optics network in Peru

PE Hub

The deal will combine the existing fiber optic networks of PangeaCo, Telefónica del Perú, and Entel Perú into an independent company controlled by KKR. The post KKR to invest in fiber optics network in Peru appeared first on PE Hub.

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Rivian shares are set to pop more than 35% as outlook for EV maker improves, Wedbush says

CNBC: Investing

Wedbush raised its price target on Rivian shares to $30 from $25 as the company's production difficulties improve.

Shares 98
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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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KKR goes to Peru; PE firms invest in accounting; Stellex discusses Titan exit

PE Hub

HarbourView Equity Partners agrees to acquire select catalog of recording artist Wiz Khalifa. The post KKR goes to Peru; PE firms invest in accounting; Stellex discusses Titan exit appeared first on PE Hub.

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RBC says this stock can rally more than 50% thanks to strong demand for fuel cells

CNBC: Investing

Analyst Chris Dendrinos initiated coverage of the electric and hydrogen power company with an outperform rating.

Stock 97
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Advent-backed Imperial Dade buys Atlantis Packaging

PE Hub

Imperial Dade is a provider of foodservice packaging supplies and janitorial supplies. The post Advent-backed Imperial Dade buys Atlantis Packaging appeared first on PE Hub.

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China Hits Ant Group with $985 Million Fine

The New York Times: Banking

After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.

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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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Mountain Land Physical Therapy secures investment from Clairvest

PE Hub

Mountain Land was founded in 1984 and is led by CEO Rick Lybbert and Chief Operating Officer Jason Lobb. The post Mountain Land Physical Therapy secures investment from Clairvest appeared first on PE Hub.

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These stocks, including Tesla, are this week's top performers as the S&P 500 falls

CNBC: Investing

CNBC Pro screened for which stocks outperformed this week, and where analysts see them headed next.

S&P 97
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HarbourView to acquire Wiz Khalifa catalog

PE Hub

Based in Newark, New Jersey, HarbourView invests in the entertainment and media space. The post HarbourView to acquire Wiz Khalifa catalog appeared first on PE Hub.

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Tourmaline hires former Liquidnet co-head of EMEA trading

The TRADE

James Kirk has joined independent outsourced trading services provider Tourmaline Partners as managing director, according to an announcement on social media. Earlier this month he announced his departure from Liquidnet where he most recently served as co-head of trading for EMEA for two years, having originally joined the business in 2015. Read more – Liquidnet’s co-head of EMEA trading departs London-based Kirk was previously an equity trader at brokerage firm BTIG and has also held seni

Trading 57
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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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Addison Capital recaps amplifier manufacturer CPC

PE Hub

CPC represents ACP’s fifth platform investment. The post Addison Capital recaps amplifier manufacturer CPC appeared first on PE Hub.

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Wells Fargo's top ideas for the third quarter including a possible stock double

CNBC: Investing

As the third quarter kicks into high gear, Wells Fargo is offering up its top short picks for the months ahead.

Stock 75
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Shore Capital unveils new platform Empower Aesthetics

PE Hub

CEO Jeff Helfgott is leading Empower. The post Shore Capital unveils new platform Empower Aesthetics appeared first on PE Hub.

Capital 74