Wed.Sep 06, 2023

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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 296
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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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[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.

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Taking a Chance: NYC Do or Die Moves to Chicago

OfficeHours

A few years ago, I was faced with a tough decision. Stay in New York City, the center of the universe, a city I knew well and had grown up in, or take a chance and move to Chicago to work at a stellar, growing Private Equity fund. While I weighed my offers, I was ultimately left with the choice of taking a chance or playing it safe and staying in the city I knew so well.

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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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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 170

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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 170
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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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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 170
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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 132
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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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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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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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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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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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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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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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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 117
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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 148
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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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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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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 110
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TJC acquires Ardian’s investment in packaging firm Soteria Flexibles

PE Hub

Soteria Flexibles was formed in 2019 following Ardian's acquisition of Colonial Bag. The post TJC acquires Ardian’s investment in packaging firm Soteria Flexibles appeared first on PE Hub.

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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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Presidio Investors names Saade as operating partner

PE Hub

Earlier in his career, Saade held roles at McKinsey & Company, Booz Allen & Hamilton, Bridgewater Associates, Paradigm Ventures, Abbott Laboratories and Air America, a media company he co-founded. The post Presidio Investors names Saade as operating partner appeared first on PE Hub.

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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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Check Point to Acquire Atmosec, an Innovative SaaS Security Vendor, as part of its Strategy to Deliver the Most Secure SASE Solution

Global Newswire by Notified: M&A

The technology will allow organizations to prevent cyberattacks on their SaaS ecosystem: discover and disconnect malicious applications, prevent communication with risky 3rd party applications and fix SaaS misconfigurations The technology will allow organizations to prevent cyberattacks on their SaaS ecosystem: discover and disconnect malicious applications, prevent communication with risky 3rd party applications and fix SaaS misconfigurations

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Placement agent Eaton Partners taps Siew as managing director

PE Hub

In this role, Siew will be responsible for co-heading the GP Solutions specialty alongside Dirk Jonske, who joined the firm last month, also as a managing director. The post Placement agent Eaton Partners taps Siew as managing director appeared first on PE Hub.

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Buy 'BAT' — CLSA gives three stocks to bet on China in the global AI race

CNBC: Investing

These three stocks stand to benefit from the future explosion of artificial intelligence in China, CLSA says.

Stock 108
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Govtech firm Accela scores investment from Francisco Partners

PE Hub

Accela's existing backer Berkshire Partners will remain a significant investor with an equal equity stake in the company. The post Govtech firm Accela scores investment from Francisco Partners appeared first on PE Hub.

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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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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 128
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NEP-backed Coretelligent acquires IT support firm Advanced Network Products

PE Hub

Massachusetts-based Coretelligent is a provider of IT support, cybersecurity, digital transformation, compliance and cloud integration. The post NEP-backed Coretelligent acquires IT support firm Advanced Network Products appeared first on PE Hub.

IT 82
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Bank of America says this stock should benefit as student loan payments restart and borrowers refinance

CNBC: Investing

Bank of America said SoFi could be a big beneficiary from an uptick in student loan refinance activity.

Bank 107