Thu.May 16, 2024

article thumbnail

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 175
article thumbnail

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 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 175
article thumbnail

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
article thumbnail

Top 3 Secrets to Staying Relevant with Gen Z

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.

article thumbnail

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.

More Trending

article thumbnail

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.

article thumbnail

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 120
article thumbnail

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.

article thumbnail

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.

105
105
article thumbnail

Provide Real Value in Your Applications with Data and Analytics

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.

article thumbnail

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 113
article thumbnail

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).

Investors 115
article thumbnail

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.

article thumbnail

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
article thumbnail

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.

article thumbnail

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
article thumbnail

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 102
article thumbnail

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.

94
article thumbnail

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 107
article thumbnail

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.

article thumbnail

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 84
article thumbnail

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.

article thumbnail

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.

article thumbnail

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 118
article thumbnail

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.

article thumbnail

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.

article thumbnail

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 118
article thumbnail

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
article thumbnail

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 112
article thumbnail

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?

article thumbnail

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
article thumbnail

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
article thumbnail

Ipsos accélère la digitalisation de collecte de données en Inde avec l'acquisition de Crownit

Global Newswire by Notified: M&A

Ipsos accélère la digitalisation de collecte de données en Inde avec l'acquisition de Crownit Paris, 16 mai 2024 - Ipsos, l’une des principales sociétés.