Thu.May 16, 2024

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Delaware Supreme Court Expands MFW Applicability in Conflicted Controller Transactions

JD Supra: Mergers

On April 4, 2024, the Delaware Supreme Court issued a much-anticipated decision, In re Match Group Derivative Litigation (“In re Match Group”), extending the MFW doctrine more broadly to all conflicted controller transactions. In Kahn v. M & F Worldwide Corp. (“MFW”), the Delaware Supreme Court first provided a framework for freeze-out mergers to receive business-judgment review if the transaction is subject to (1) approval by an independent special committee and (2) an uncoerced, fully.

M&A 177
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Antitrust: New Merger Guidelines Feature Prominently in Recent FTC Challenge

Deal Lawyers

Last month, the FTC filed an administrative complaint seeking to block Tapestry Inc.’s $8.5 billion proposed acquisition of Capri Holdings. This fight is all about purses, folks, because the FTC says that the deal would eliminate competition between Capri’s Coach & Kate Spade brands and Tapestry’s Michael Kors.

Mergers 124
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Mind Your Disclosures: Delaware Courts Are Asking Just When a Stockholder Vote Is ‘Fully Informed’

JD Supra: Mergers

A fully informed stockholder vote can help protect a company and its directors from lawsuits challenging a transaction. Under Delaware law, board decisions may enjoy deference under the business judgment rule where stockholder approval is obtained after they have received all material information. And, if the business judgment rule applies, it is easier to get a stockholder suit dismissed at the pleadings stage, before burdensome discovery.

Business 177
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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 145
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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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District Court Grants Welsh Carson’s Motion to Dismiss in FTC’s “Roll-Up” Monopolization Case; Case Against U.S. Anesthesia Partners Continues

JD Supra: Mergers

The FTC’s enforcement efforts against private equity hit a significant roadblock on May 13 when a federal judge granted Welsh, Carson, Anderson & Stowe’s (Welsh Carson) motion to dismiss the agency’s complaint against the private equity firm. While the court denied U.S. Anesthesia Partners, Inc.’s (USAP) motion to dismiss, the court held that the FTC did not “adequately allege” that Welsh Carson is currently violating, or about to violate, the antitrust laws.

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Recent SEC Rules and Guidance Impose New Obligations on SPACs and Reverse Mergers

JD Supra: Mergers

On January 24, 2024, the US Securities and Exchange Commission (SEC) adopted final rules relating to special purpose acquisition companies (SPACs) and other shell companies. The new rules are effective on July 1, 2024.

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Bank of America says this solar stock is 'firing on all cylinders' and should rally nearly 40%

CNBC: Investing

Nextracker's management "is building a track record of outperforming its targets which should support a multiple expansion," according to Bank of America.

Bank 121
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In the Corporate World, Woke Is the Rage but Greed Is Still King

The New York Times: Banking

Three new books chronicle businesses where executive self-enrichment at the expense of workers — and sometimes the law — prevails.

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Cisco and Nutanix: Taking Hyperconverged Infrastructure to the.NEXT Level

Cisco: M&A

Learn how Cisco and Nutanix deliver operational ease, adaptability, and robust infrastructure through complete simplicity, complete flexibility, and complete resiliency delivered in the Cisco Compute Hyperconverged with Nutanix solution.

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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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Stanley Druckenmiller built a big bullish position in small-cap stocks last quarter

CNBC: Investing

The notable investor, who now runs Duquesne Family Office, bought call options against 3,157,900 shares of the iShares Russell 2000 ETF (IWM).

Stock 115
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What the Supreme Court Ruling Means for Other Consumer Bureau Actions

The New York Times: Banking

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

IT 118
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Chubb is 'ideal fit' for Warren Buffett's investment style, says Deutsche Bank

CNBC: Investing

Warren Buffett's purchase of 6.4% of Chubb makes perfect sense as the insurer checks all the boxes of his investment criteria, according to Deutsche Bank.

Bank 107
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Integrating IT and Campus Facilities for Future-Ready Learning Space

Cisco: M&A

Step onto a campus reimagined—where Cisco's innovative digital integration meets modern educational needs, crafting an unparalleled on-campus experience for today's students and faculty.

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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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Shares of this gene editing company are due to surge more than 45%, Citi says

CNBC: Investing

After a period of underperformance, investors should pick up shares of Prime Medicine as regains the market's favor, according to Citi's Samantha Semenkow.

Shares 103
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Four Reasons Why Assurance Is More Critical Than Ever

Cisco: M&A

Assurance is top of mind for our customers, analysts, and the market at large. This blog covers four reasons why assurance is more critical than ever, and why it should be on your radar as well.

IT 98
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These Dow stocks are cheap and have more upside as index reaches key milestone

CNBC: Investing

CNBC Pro screened for cheap Dow stocks with upside potential as the blue-chip index reached 40,000 for the first time.

Stock 108
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Partners, Let’s Go Beyond Customer Experience at Cisco Live!

Cisco: M&A

We will show up at Cisco Live armed with exclusive content, sessions, interactive demos, partner talks, games and several other opportunities to network, learn and celebrate. Here’s a sneak peek of what we’re preparing for you.

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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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This 147-year-old company that's been trailing the market is ready for big upside, some analysts say

CNBC: Investing

This telecommunications company is poised for long-term growth thanks to its robust wireless business, analysts say.

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Royal Mail reform will not take place before general election, says Ofcom

The Guardian: Mergers & Acquisitions

Postal service shake-up takes on extra weight as Royal Mail bosses meet ministers to discuss Czech tycoon’s £3.5bn takeover offer A shake-up of the postal service that could hand the owner of Royal Mail a £300m boost will not take place before the general election, it has emerged, as the company’s bosses meet ministers to discuss its proposed £3.5bn takeover by a Czech billionaire.

IT 85
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Dan Loeb's Third Point adds to megacap tech holdings in first quarter — with one notable exception

CNBC: Investing

The hedge fund put money to work in tech stocks, while pulling back on one large position.

Funds 119
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Email Security Reinvented: How AI is Revolutionizing Digital Defense

Cisco: M&A

Explore the many ways that Secure Email Threat Defense leverages sophisticated AI and ML to protect against advanced threats.

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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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The outlook on gold and gold stocks into the summer is looking strong, according to the charts

CNBC: Investing

Dave Keller looks at gold stocks as the metal outperforms major equity markets this year.

Stock 119
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Ipsos accelerates its digitisation of data collection in India with the acquisition of Crownit

Global Newswire by Notified: M&A

Ipsos accelerates its digitisation of data collection in India with the acquisition of Crownit Paris, May 16, 2024 - Ipsos, one of the world's leading.

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Thursday's analyst calls: Fast food stock to surge 40%, what to expect from Nvidia earnings

CNBC: Investing

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street.

Food 113
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Sica | Fletcher Maintains Top Spot As Leading Advisor in the M&A Industry

Sica Fletcher

S&P Global’s 2024 Market Intelligence League Table Released NEW YORK, NY - May 16, 2024 - Premier financial advisory firm Sica | Fletcher continues to lead the insurance M&A industry in 2024 by maintaining the # 1 spot on S&P Global’s Market Intelligence 2024 League Tables for M&A. The firm has held this prestigious position quarter-over-quarter since 2017.

M&A 52
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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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This under-the-radar tech stock will get a boost from Netflix's new advertising strategy

CNBC: Investing

This little-known technology stock could win big from Netflix's shift in advertising strategy.

Stock 108
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FOCUS Investment Banking’s MSP Team Represents Network Computing Group in its Sale to Cantey Tech

Focus Investment Banking

Washington, DC, (May 16, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that the assets of Network Computing Group (“NCG”), a Roanoke, Virginia-based provider of IT managed services, have been acquired by Cantey Tech Consulting (“Cantey Tech”), a 10-time Inc. 5000 fastest growing private company in America and leading IT managed service provider (“MSP”) for sm

Sale 52
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This is the sweet spot in bonds right now, according to Wells Fargo — and it can yield up to 5%

CNBC: Investing

As investors navigate the Federal Reserve's higher-for-longer interest rate policy, they should ensure they have their fixed-income portfolio properly aligned.