JD Supra: Mergers
JUNE 7, 2024
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.
TechCrunch: M&A
JUNE 7, 2024
Education software provider PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal. © 2024 TechCrunch. All rights reserved. For personal use only.
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JD Supra: Mergers
JUNE 7, 2024
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.
Deal Lawyers
JUNE 7, 2024
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.
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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
JD Supra: Mergers
JUNE 7, 2024
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.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
JD Supra: Mergers
JUNE 7, 2024
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.
Cisco: M&A
JUNE 7, 2024
We rely on connections with everyone and everything. But secure networking can be challenging in a distributed world of people, places, and things across premises to the cloud, which can ultimately impact the user experience. Learn what Cisco is doing to help customers securely connect everything everywhere through the latest enhancements to our SASE solution.
JD Supra: Mergers
JUNE 7, 2024
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.
The TRADE
JUNE 7, 2024
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.
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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.
JD Supra: Mergers
JUNE 7, 2024
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.
CNBC: Investing
JUNE 7, 2024
Enthusiasm around powering the artificial intelligence revolution is breathing new life into utilities this year. Morningstar likes these four stocks.
Cisco: M&A
JUNE 7, 2024
Read how Cisco Security Cloud Control prioritizes consolidation of tools and simplification of security policy without compromising your defense.
The New York Times: Mergers, Acquisitions and Dive
JUNE 7, 2024
Shari Redstone will decide the fate of Paramount and the future of some of America’s most recognized cultural icons.
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.
CNBC: Investing
JUNE 7, 2024
Stocks in India and Mexico saw big swings this week as election results seemed to catch some traders off guard.
The New York Times: Banking
JUNE 7, 2024
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.
CNBC: Investing
JUNE 7, 2024
CNBC Pro subscribers can see the most overbought and oversold names this week.
The TRADE
JUNE 7, 2024
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.
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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.
CNBC: Investing
JUNE 7, 2024
These stocks with a rising exposure to artificial intelligence could see continued outperformance in 2024, according to Morgan Stanley.
The TRADE
JUNE 7, 2024
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’.
CNBC: Investing
JUNE 7, 2024
PVH, parent of the Calvin Klein and Tommy Hilfiger brands, should be able to overcome macroeconomic headwinds and see strong earnings ahead, UBS said.
The TRADE
JUNE 7, 2024
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.
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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.
CNBC: Investing
JUNE 7, 2024
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.
Focus Investment Banking
JUNE 7, 2024
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
Global Newswire by Notified: M&A
JUNE 7, 2024
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.
The New York Times: Banking
JUNE 7, 2024
The European Central Bank’s new interest rate, its first cut in five years.
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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?
CNBC: Investing
JUNE 7, 2024
Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he'd be betting against any rate cuts in 2024.
Global Newswire by Notified: M&A
JUNE 7, 2024
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.
CNBC: Investing
JUNE 7, 2024
Jeff Kilburg sets up a trade in the software stock ahead of earnings.
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