Mon.Jan 29, 2024

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Amazon’s $1.4B iRobot deal is dead. Now what?

TechCrunch: M&A

A year and a half after announcing its intention to acquire iRobot, Amazon’s deal is officially dead. All parties involved anticipated some level of regulatory scrutiny, but after a few decades of tech company consolidation, few expected this much friction. The deal had already passed through select international regulatory bodies, including the U.K.

IT 266
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Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

JD Supra: Mergers

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear. These transactions are sometimes structured as an acquisition of the bank’s assets and the assumption of specified liabilities to avoid conflict with possible regulatory issues.

Bank 264
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iRobot and Amazon call it quits, terminate acquisition agreement

TechCrunch: M&A

Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against headwinds with European regulators. Amazon and iRobot have opted to mutually terminate their previously announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash (or slightly lower). In a press release, the companies said […] © 2024 TechCrunch.

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What are the Potential Catalysts for M&A Resurgence in 2024?

JD Supra: Mergers

After a sluggish 2023 in which global merger and acquisition activity fell almost 20% to $2.87 trillion – the lowest level since 2013 – the question in the corporate world, is: ‘Will M&A roar back in 2024?’.

M&A 193
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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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Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies

How2Exit

b' E181: Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies - Watch Here rn rn About the Guest(s): Robb Green is an experienced entrepreneur and e-commerce expert. He has built and sold multiple brands in the e-commerce space, specializing in private label brands. With over eight years of experience in the industry, Robb has a deep understanding of the Amazon marketplace and has successfully navigated the challenges of building and scaling e-commerce businesses

Business 130

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Pete Seligman: Navigating the World of Search Funds and ETA

How2Exit

b' E182: Pete Seligman: Navigating the World of Search Funds and ETA - Watch Here rn rn About the Guest(s): rn Pete Seligman is a search fund investor and entrepreneur based in Australia. With a background in engineering, finance, and project management, Pete brings a diverse skill set to his work. In 2013, he followed his passion for business ownership and acquired a small mining services business, which he successfully grew and expanded over the past decade.

Funds 130
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Planning for Canada’s New Suspensory FDI Framework – Timing and Tactics for an Uncertain Transition

JD Supra: Mergers

For more than a year, Canada’s foreign investment review regime has been on the cusp of a dramatic expansion that will supercharge foreign investors’ obligations to obtain pre-closing national security non-objection or approval in certain cases and enable the responsible Minister to impose conditions on investments.

Investors 175
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Private Equity: Crystal Balling 2024

Deal Lawyers

The M&A lawyers at Morrison & Foerster recently gazed into their crystal ball and came up with their annual memo laying out their predictions for what 2024 may have in store for dealmakers.

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Reflections on the J.P. Morgan Healthcare Conference: Key Themes for 2024

JD Supra: Mergers

The Fenwick life sciences team recently returned from the 2024 JP Morgan Healthcare conference. As we reflect back on the week, there were several key themes and trends that we expect will continue to resonate and evolve over the upcoming year.

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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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Reliance Disclaimers: Vice Chancellor Zurn Provides a Drafting Lesson

Deal Lawyers

Reliance disclaimers can be a powerful tool to limit a seller’s exposure to fraud claims premised on alleged representations that didn’t find their way into the purchase agreement, but in order to be effective, the language of those disclaimers must clear a pretty high bar.

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FTC challenges first hospital merger under new Merger Guidelines

JD Supra: Mergers

On January 25, 2024 the Federal Trade Commission (FTC) sued to block Novant Health (Novant) from acquiring two North Carolina hospitals, Lake Norman Regional Medical Center and Davis Regional Medical Center from Community Health Systems (CHS). The FTC alleges that the proposed $320 million transaction—which was first announced in February 2023— would threaten to substantially lessen competition for healthcare services in an area it defines as the “Eastern Lake Norman Area” of North Carolina.

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How 'quiet luxury' is subtly taking over investor portfolios

CNBC: Investing

Quiet luxury was one of last year's biggest viral fashion trends, but unlike other short-lived fads, this one has made its way into investor portfolios.

Portfolio 143
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FTC Increases HSR Thresholds and Clayton 8 Thresholds

JD Supra: Mergers

On January 22, the FTC announced updated dollar thresholds triggering the bar on interlocking officers and directors under Section 8 of the Clayton Act, 15 U.S.C. § 19. Section 8 of the Clayton Act prohibits one person from serving as a director or officer of two competing corporations if the corporations meet certain size and competitive sales thresholds.

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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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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’

The New York Times: Banking

The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.

Sale 118
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HSR Filing Thresholds, Filing Fees, and Penalties Increase for 2024

JD Supra: Mergers

The U.S. Federal Trade Commission (“FTC”) has announced revised filing thresholds as required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), along with adjusted HSR filing fee tiers and amounts.

Trading 159
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Brad Gerstner says Meta is better positioned than the rest of the ‘Magnificent Seven’ this earnings season

CNBC: Investing

"If there was one name that I think is better positioned this week, it's Meta," Gerstner said on CNBC's "Fast Money.

IT 118
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Food Venture Financing News - Weekly Issue No. 176

JD Supra: Mergers

Infinite Roots, an alternative protein foodtech startup that focuses on mycelium fermentation, announced that it raised $58 million in its Series B round. Elo Life Systems, a foodtech company that develops a natural high-intensity sweetener, announced that it raised $20.5 million in its Series A2 round.

Food 159
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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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Goldman Sachs says the soft landing for the economy is 'on track'

CNBC: Investing

Goldman market experts said they expect the Fed soon to make a nod toward an easing that also will be market-positive.

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M&A Antitrust Update: HSR Filing Thresholds Increase and U.S. Antitrust Agencies Finalize Merger Guidelines

JD Supra: Mergers

The Federal Trade Commission (FTC) recently announced an increase to the annual adjustment of the monetary thresholds that apply to mergers, acquisitions, and joint ventures per the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). The HSR Act governs the transactions that must be reported to the FTC and U.S. Department of Justice (DOJ) (collectively, the agencies) prior to their consummation.

Mergers 154
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A lower-cost way to get long this 'Magnificent 7' member trading at an all-time high

CNBC: Investing

We'll review an options trade for one of those names near an all-time high that gets investors long exposure to the stock with some insurance, so they don't feel like they are just chasing the name.

Trading 91
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The Year Ahead for M&A Regulation in Brussels - BCLP’s Top 5 Things to Watch in 2024

JD Supra: Mergers

2024 is shaping up to be a year of significant change in Brussels. European Parliamentary elections in June will be followed by the appointment of a new Commission in the autumn.

M&A 136
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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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Busy Fed week, tech earnings could dictate the course of this rally, Fundstrat’s Tom Lee says

CNBC: Investing

Tom Lee was calling for new highs by late January, but an air pocket may be forming.

Business 130
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FTC Updates 2024 Thresholds for HSR and Interlocking Directorates

JD Supra: Mergers

The Federal Trade Commission announced that as of February 23, 2024, the reporting thresholds determining whether companies must notify federal antitrust authorities under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") about proposed mergers and acquisitions will be increased as follows: The "size-of-transaction" threshold rises by 7.3% from $111.4 million to $119.5 million.

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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?

The New York Times: Banking

The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.

IT 109
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Shore Capital-backed Container Services Inc acquires custom blow molder Apex Plastics

PE Hub

CSI is a custom blow molder known for its signature honey bear bottle. The post Shore Capital-backed Container Services Inc acquires custom blow molder Apex Plastics appeared first on PE Hub.

Capital 90
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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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M&A 101: 5 key things many business leaders don’t know

Growth Business

By Jeannette Linfoot on Growth Business - Your gateway to entrepreneurial success Mergers and acquisitions (M&As) are essential in the corporate world, as companies buy and sell each other to expand their businesses and increase profitability. A ‘merger’ is the coming together of two or more businesses to create a larger version of the original business, while an ‘acquisition’ is the transfer of ownership of one business to another.

M&A 87
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Arsenal Capital Partners to pick up majority stake in Polycorp

PE Hub

Polycorp is an Elora, Ontario-based manufacturer of engineered elastomer solutions. The post Arsenal Capital Partners to pick up majority stake in Polycorp appeared first on PE Hub.

Capital 86
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Apple analysts are starting to get a bit worried ahead of earnings this week

CNBC: Investing

Some Wall Street firms are sounding the alarm on Apple heading into the iPhone maker's earnings after the bell Thursday.

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