Fri.Jun 07, 2024

article thumbnail

FTC Loss in Hospital Merger Shows Failing Firm Defense is Alive and Well

JD Supra: Mergers

While finding this to be the “rare case” where a hospital’s imminent failure justified its acquisition by a competitor, Judge Kenneth Bell denied the Federal Trade Commission’s motion for a preliminary injunction to enjoin Novant’s acquisition of two hospitals in the Charlotte, NC area.

article thumbnail

Disclosure Schedules: What Are They All About?

Deal Lawyers

A few weeks ago, I mentioned that I was drawn to cases addressing M&A disclosure schedules, and that probably resulted in some perverse way from how much I hated working on them when I was a junior associate.

M&A 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Delaware Chancery Court Issues Precedential Decision Dismissing Claims Challenging “De-SPAC” Merger Disclosures

JD Supra: Mergers

The Delaware Court of Chancery’s recent decision in In re Hennessy Capital Acquisition Corp. IV Stockholder Litigation,1 marks the Chancery Court’s first total dismissal of a complaint alleging breaches of fiduciary duties in connection with disclosures relating to a merger transaction involving a special purpose acquisition company (SPAC) and establishes precedent that should aid the defense of future claims.

Mergers 171
article thumbnail

Japan Runs on Vending Machines. It’s About to Break Millions of Them.

The New York Times: Banking

New yen notes set to be introduced this summer won’t be compatible with many machines that businesses like ramen shops rely on.

Business 143
article thumbnail

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?

article thumbnail

Blakes Competitive Edge™: June 2024 Update

JD Supra: Mergers

Welcome to the June issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition and foreign investment law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

More Trending

article thumbnail

Nevada Supreme Court Follows Delaware In Overruling Gentile v. Rosette

JD Supra: Mergers

The line between a direct and derivative action is often indistinct and hence the object of controversy. In 2017, the Nevada Supreme Court held that a class action lawsuit should be dismissed for failure to plead a direct rather than a derivative claim. Parametric Sound Corp. v. Eighth Jud. Dist. Ct., 401 P.3d 1100 (Nev. 2017). The Court did allow the plaintiffs to replead "equity expropriation " claims that might have been considered direct under the Delaware Supreme Court's holding.

Equities 165
article thumbnail

Fireside Friday with… State Street Global Advisors’ Khursheda Fazylova

The TRADE

How would you describe the dynamic of the trading desk [at State Street Global Advisors]? At State Street Global Advisors, we operate in a fast-paced environment. For the desk to be successful, we all have to be comfortable navigating highly dynamic markets. One has to constantly adapt to rapidly changing conditions, make quick decisions, and execute with as minimal a footprint as possible.

article thumbnail

District Court Denies FTC Request to Block Novant’s Purchase of Hospitals from CHS — Purchase Can Go Forward

JD Supra: Mergers

In February, 2023, Novant Health and Community Health Systems (CHS) entered into an Asset Purchase Agreement pursuant to which Novant agreed to acquire Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) and related assets in North Carolina from CHS for $320 million. Immediately thereafter, the Federal Trade Commission (FTC) conducted an extensive merger review, resulting in its concluding that the effect of the transaction may be substantially to lessen.

article thumbnail

The utilities sector is up 10% in 2024. These four names still have room to run, Morningstar says

CNBC: Investing

Enthusiasm around powering the artificial intelligence revolution is breathing new life into utilities this year. Morningstar likes these four stocks.

Utilities 108
article thumbnail

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.

article thumbnail

Highlights on the Reality in the Middle Market Today

JD Supra: Mergers

On May 7, 2024, Morrison Foerster’s New York City office co-hosted a Private Markets Pop-Up with Kayo Conference Series, an event that brought together professional women across the private credit and private equity markets for curated networking, educational content, and a supportive community atmosphere.

article thumbnail

CBS. MTV. How Will Paramount’s Shari Redstone Rule On Our Cultural Future?

The New York Times: Mergers, Acquisitions and Dive

Shari Redstone will decide the fate of Paramount and the future of some of America’s most recognized cultural icons.

article thumbnail

Security, the cloud, and AI: building powerful outcomes while simplifying your experience

Cisco: M&A

Read how Cisco Security Cloud Control prioritizes consolidation of tools and simplification of security policy without compromising your defense.

article thumbnail

How recent elections are shaking up investments in emerging markets like India and Mexico

CNBC: Investing

Stocks in India and Mexico saw big swings this week as election results seemed to catch some traders off guard.

article thumbnail

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.

article thumbnail

Japón funciona con máquinas expendedoras. Pronto millones quedarán obsoletas

The New York Times: Banking

Los nuevos billetes de yen que se introducirán este verano no serán compatibles con muchas máquinas de las que dependen diversos negocios, como las populares tiendas de ramen.

article thumbnail

Nvidia is one of the most overbought stocks on Wall Street. Here are the rest

CNBC: Investing

CNBC Pro subscribers can see the most overbought and oversold names this week.

Stock 116
article thumbnail

Credit Suisse agrees to sell 67% stake in Credit Suisse Investment Partners to BANTLEON

The TRADE

Credit Suisse has signed an agreement to sell its majority stake in Credit Suisse Investment Partners (CSIP), owned by Credit Suisse Asset Management. Credit Suisse currently holds a 67% stake in the business line. CSIP segment manages funds and associated mandates – including convertible bond funds – with a total of CHF 1 billion in assets under management.

article thumbnail

Buy these stocks where AI is becoming core to the investment thesis, Morgan Stanley says

CNBC: Investing

These stocks with a rising exposure to artificial intelligence could see continued outperformance in 2024, according to Morgan Stanley.

Stock 94
article thumbnail

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.

article thumbnail

Asset managers proceed with caution despite overwhelmingly successful T+1 transition

The TRADE

The industry has been quick to hail the transition to T+1 settlement for US equities a success, voicing a sentiment that can certainly be considered accurate for the ‘flip the switch’ moment in the opening days of the cycle shortening. The lack of major issues and positive data signals on affirmation and fail rates will come as a huge sigh of relief to the industry, which is benefitting from an over-preparedness strategy and its highly alert, round-the-clock ‘war room’ and ‘command centres’.

article thumbnail

UBS says this clothing stock is one of its top picks and has 40% upside

CNBC: Investing

PVH, parent of the Calvin Klein and Tommy Hilfiger brands, should be able to overcome macroeconomic headwinds and see strong earnings ahead, UBS said.

IT 62
article thumbnail

Titan AM’s ETF and FX head of trading departs for junior PM and trading role

The TRADE

Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management has joined Titan Investment Solutions as a junior portfolio manager and trader, according to an announcement on social media. Titan Investment Solutions is the investment arm of the Titan Wealth group and offers investment management, asset servicing and distribution solutions for the wealth management industry.

Trading 57
article thumbnail

Pro Talks: Jim Lebenthal on the fundamental analysis tools that will make you a better investor

CNBC: Investing

Veteran "Halftime" guest and investor Jim Lebenthal sat down with CNBC's Dominic Chu to discuss how the former nuclear engineer and U.S. Navy officer created a science-minded approach to fundamental analysis and value investing that has led to a decades-long career on Wall Street. Lebenthal goes into detail on how he uses different fundamental analytical tools, walking Pro subscribers through how he finds price-to-earnings growth ratios of stocks like Amazon and Nvidia.

article thumbnail

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.

article thumbnail

FOCUS Investment Banking Represents Chenega Corporation in its Acquisition of SecuriGence LLC

Focus Investment Banking

Washington, DC (June 7, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Chenega Corporation (“Chenega”) has acquired SecuriGence LLC. FOCUS represented Chenega in this transaction. Chenega is a leading Alaska Native village corporation with diverse capabilities within the federal government contracting marketplace supporting defense, intelligence and fede

article thumbnail

Hudson Technologies Announces Acquisition of USA Refrigerants

Global Newswire by Notified: M&A

WOODCLIFF LAKE, N.J., June 07, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) today announced the acquisition of substantially all of the assets of USA United Suppliers of America, Inc. d/b/a USA Refrigerants (“USA”) for $20.7 million, subject to customary post-closing adjustments, and up to an additional $2 million in potential earnout payments.

article thumbnail

Apollo's co-president said it is one of the few private equity firms OK with higher rates

CNBC: Investing

Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he'd be betting against any rate cuts in 2024.

article thumbnail

European Central Bank Lowers Interest Rates to 3.75%, Its First Cut in Five Years

The New York Times: Banking

The European Central Bank’s new interest rate, its first cut in five years.

IT 69
article thumbnail

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.

article thumbnail

An options strategy on Oracle ahead of earnings that generates income

CNBC: Investing

Jeff Kilburg sets up a trade in the software stock ahead of earnings.

Stock 69
article thumbnail

Brown & Brown, Inc. acquires the assets of McNamara Company

Global Newswire by Notified: M&A

DAYTONA BEACH, Fla., June 07, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Patrick and Aleshia McNamara, principals of McNamara Company, today announced that Brown & Brown has acquired the assets of McNamara Company.

article thumbnail

Friday's biggest analyst calls: Microsoft price target increase, Lyft gets an upgrade

CNBC: Investing

Microsoft and Lyft were among the stocks being discussed by analysts on Friday.

Stock 57