Wed.Sep 06, 2023

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Anduril acquires Blue Force Technologies, the company behind the Fury unmanned fighter jet

TechCrunch: M&A

Venture-backed defense giant Anduril Industries is acquiring Blue Force Technologies, the advanced design and engineering firm behind the “Fury” unmanned fighter jet, as the company looks to build out its suite of autonomous systems for national security customers.

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Illinois Expands Health Care Transaction Oversight

JD Supra: Mergers

On August 11, Illinois Governor J.B. Pritzker signed House Bill 2222 (Public Act 103-0526) into law — bolstering Illinois’ antitrust prevention efforts by expanding the oversight purview of its Attorney General’s (AG) office with respect to health care transactions. Under the new law, the Illinois AG now has the power to review and assess certain “covered transactions” entered into between health care facilities and providers.

IT 304
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Morgan Stanley says this clean energy stock is a top pick that can nearly double from here

CNBC: Investing

The firm believes Bloom Energy will see several meaningful tailwinds ahead, and is trading at an attractive discount relative to its peers.

Trading 133
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[Webinar] M&A Series: Unique Considerations in Petroleum & Commercial Fuel Transactions - September 19th, 11:00 am - 11:15 am ET

JD Supra: Mergers

It has been an active time for transactions in the Petroleum and Commercial Fuel industries as long-standing family concerns cash out and institutional buyers look to drive shareholder value. These deals can be fraught with legal, business and compliance challenges unique to the industry but very familiar to those of us who regularly work in this space.

M&A 183
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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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UBS upgrades this restaurant tech stock that can rally nearly 40%

CNBC: Investing

The bank upgraded shares to buy from neutral in a Wednesday note.

Stock 132
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The FTC "Settles" For a Conduct Consent Decree to Resolve Its Challenge to the Amgen-Horizon Merger

JD Supra: Mergers

For years, the antitrust enforcement agencies have indicated their antipathy toward resolving competition issues in proposed mergers by entering into consent decrees that prohibit certain conduct, rather than stopping the merger entirely or fixing the competition issues through divestitures. Nonetheless, on September 1, 2023, (the Friday before Labor Day), the FTC announced a conduct consent decree to end its challenge to the Amgen-Horizon pharmaceutical merger.

Mergers 177

More Trending

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2023 Summer review – M&A legal and market developments

JD Supra: Mergers

We set out below a number of interesting English court decisions and market developments which have taken place and their impact on M&A transactions. This Summer review looks at these developments and gives practical guidance on their implications. Please see full Report below for more information.

M&A 177
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Due Diligence: Government Contractors

Deal Lawyers

This Grant Thornton memo provides some thoughts on the unique diligence issues that buyers confront when buying a government contractor. This excerpt addresses the financial issues addressed through government contract due diligence: Traditional financial due diligence (FDD) focuses on financial statements and the accuracy of the quality of earnings.

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Draft Merger Guidelines: Rebutting a Claim of Substantial Lessening of Competition

JD Supra: Mergers

In a recent post, we discussed the 13 guidelines set forth in the recently issued proposed Hospital Merger Guidelines (“Draft Guidelines”) issued by the Federal Trade Commission and the Department of Justice (the “Agencies”). The Draft Guidelines are intended to give an overview of 13 principles that the Agencies may use when determining whether a merger is unlawfully anticompetitive under the antitrust laws.

Mergers 177
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HSBC says this biopharma company can jump 25% despite 'patent cliff'

CNBC: Investing

HSBC initiated coverage on the drug treatment developer with a buy rating.

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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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British Columbia's Beneficial Ownership Transparency Register: Overview and Status Update

JD Supra: Mergers

As part of a global effort to improve corporate transparency and combat serious financial crime, private companies incorporated under the British Columbia Business Corporations Act (“BCBCA”) have been required to prepare and maintain a Transparency Register since October 1, 2020. The Register must list individuals who directly or indirectly control 25% or more of the shares or votes of the company and include certain personal information about them.

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Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nio, SoFi, Amgen, Chewy, Toast & more

CNBC: Investing

Here are Wednesday's biggest calls on Wall Street.

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Private Equity Buyer Validly Terminates Transaction by Way of “Accurate in all respects” Bring-Down Standard

JD Supra: Mergers

On May 29, 2023, Chancellor Kathaleen McCormick of the Delaware Chancery Court held in HControl Holdings v. Antin Infrastructure Partners[1] that a private equity sponsor could walk away from its agreement to acquire a company for $250 million because a $215,000 ownership claim by an ex-employee constituted a breach of the sellers’ bring-down condition.

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This 'stealthy' AI play is setting up for upside, says chart analyst

CNBC: Investing

Piper Sandler chief market technician Craig Johnson sees the stock climbing to about $379 per share, suggesting 16.2% upside from Tuesday's close.

Stock 119
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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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Advance Notice Bylaws and the Increasing Number of Stockholder Director Nominations That Are Rejected by the Target Companies

JD Supra: Mergers

This year’s proxy season saw a significant increase in the number of companies rejecting director nominations by dissident stockholders due to purported non-compliance with the company’s advance notice bylaws.

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These stocks could be the biggest winners and losers as oil prices rally again, history shows

CNBC: Investing

Certain stocks have a higher correlation with oil prices.

Stock 119
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Five Tips for Business Owners When Selling

JD Supra: Mergers

If you are a business owner, with the mergers and acquisitions market continuing to be active, you may have decided it could be the right time to sell your most valuable asset – the company that you’ve spent years building. Now that you have decided to sell your business, it is important to consider five things in order to receive the maximum value in this market.

Business 152
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Explainer-Behind the Disney-Charter dispute over the future of TV

Global Banking & Finance

Explainer-Behind the Disney-Charter dispute over the future of TV By Dawn Chmielewski and Lisa Richwine (Reuters) – Charter Communications, one of the biggest cable companies in the United States, is locked in a battle with Walt Disney in a distribution dispute that may shape the future of television in the streaming era.

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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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Apple falls on report that China restricted iPhone use for its government officials. Here's what the pros say

CNBC: Investing

Pros on CNBC discussed Apple after The Wall Street Journal reported that China restricted the use of foreign-branded devices for government officials at work.

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Beyond Traditional Insurance: The 831(b) Plan’s Response to Market Challenges

Global Banking & Finance

Beyond Traditional Insurance: The 831(b) Plan’s Response to Market Challenges By Van Carlson, Founder and CEO of SRA 831(b) Admin The Hardening of an Insurance Market: Then and Now The insurance market operates in cycles, influenced by a myriad of factors.

Insurance 111
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Here are Goldman's favorite stock picks — and it just included a new name

CNBC: Investing

CNBC Pro subscribers can see the firm's most updated conviction list.

IT 113
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Grant Avenue recaps life sciences and healthcare consultancy CREO

PE Hub

Clearsight Advisors served as financial advisor to CREO while Crosstree Capital Partners served as financial advisor to Grant Avenue. The post Grant Avenue recaps life sciences and healthcare consultancy CREO appeared first on PE Hub.

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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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Go with quality growth stocks such as these to weather a tough market and economy ahead, Trivariate Research says

CNBC: Investing

Adam Parker thinks quality growth names can outperform amid a worsening economic backdrop.

Economics 113
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You’re ready for the new SEC cybersecurity rules. Have you included your OT?

Cisco: M&A

As part of an ongoing effort to mitigate risks to investors, the US Securities and Exchange Commission (SEC) enacted new cybersecurity rules last month to provide investors greater levels of… Read more on Cisco Blogs

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UBS downgrades this digital payments stock, slashes price target

CNBC: Investing

UBS downgraded shares to neutral from buy, citing a limited growth outlook

Stock 113
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Siemens to invest $30 million to train U.S. EV charger technicians

Global Banking & Finance

Siemens to invest $30 million to train U.S.

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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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Nasdaq just posted its worst month since December. How the smart money played it

CNBC: Investing

Investors on the hunt for technology bargains may want to study how experienced hands took advantage of the Nasdaq's worst month this year.

IT 111
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Data Centers Designed for Sustainability: A Catalyst for Mission Effectiveness & Resiliency

Cisco: M&A

The Data Center can be a Cornerstone of Sustainability Many organizations, including US Federal Government Agencies and the Department of Defense (DoD), are continuously shaping their data center… Read more on Cisco Blogs

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Turn to these stocks for high dividend growth and free cash flow yield, Wolfe says

CNBC: Investing

Play defense with dividend strategies, the firm says.

Stock 111
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Virgin Media O2 to snap up Russian oligarch-backed broadband firm

The Guardian: Mergers & Acquisitions

UK government forced sale of ‘alt-net’ broadband provider Upp on national security grounds Virgin Media 02 is to buy a British broadband company owned by a Russian oligarch-backed investment company, after the government forced its sale on national security grounds. VM02, the UK telecoms merger joint-venture between US group Liberty Global and Spain’s Telefonica , is to buy regional broadband business Upp, in an all-cash deal for an undisclosed amount that is thought to be less than £100m.

Media 92
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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?