Fri.May 17, 2024

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U.S. Steel-Nippon Steel Merger: A Potent Catalyst for U.S.-Japan Relations and Technological Advancement

JD Supra: Mergers

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

Mergers 317
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Spin-Offs: Updated IRS Guidance on Private Letter Rulings

Deal Lawyers

A recent memo from Gibson Dunn addresses updated guidelines obtaining private letter rulings from the IRS addressing spin-offs and related debt exchanges. Here’s the intro: The Internal Revenue Service (the “IRS”) and the Treasury Department (“Treasury”) have released Rev. Proc. 2024-24 (the “Rev. Proc.

Debt 113
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Brussels Regulatory Brief: April 2024

JD Supra: Mergers

Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary view that the Company intentionally or negligently provided incorrect, incomplete, and misleading information during the Commission’s.

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Venture Capital: Information Rights

Deal Lawyers

Major investors in VC-backed financings customarily obtain contractual rights to receive access to financial and certain other information from the company. In some cases, these rights include the ability to appoint an observer to attend board meetings.

Capital 113
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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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Banking and Consumer Regulatory Digest - May 2024

JD Supra: Mergers

Bank for International Settlements. Credit risk management. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. The fresh guidance reaffirms the need for ongoing due diligence and the development of a comprehensive risk mitigation strategy to control counterparty credit risk.

Bank 195

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New DOJ Task Force Will Scrutinize Health Care Industry for Antitrust Issues

JD Supra: Mergers

A new federal antitrust task force will focus on investigations in health care markets, and, where warranted, civil and criminal enforcement, the Department of Justice announced.

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Why some investors are bullish on this asset class that's yielding over 6%

CNBC: Investing

As investors look to take advantage of attractive yields in fixed income, one area of the market is often overlooked — securitized products.

Investors 117
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Restrictive Covenants in the Sale of a Business: Converging U.S. and Canadian Approaches

JD Supra: Mergers

The treatment of restrictive covenants in Canada and the U.S. appears to be converging. The laws of both countries recognize an important distinction between non-competition agreements entered into in the context of employment (“employment non-competes”) and those entered into in the context of the sale of a business (“transactional non-competes”).

Sale 185
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Bank of America double upgrades Robinhood, citing rise in retail trading

CNBC: Investing

The stock market is in the early stages of a period of rising retail investor activity, and that could bode well for Robinhood, according to Bank of America.

Retail 110
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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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Latest Symptom of the Health Care Crackdown: DOJ Announces New Task Force Targeting Sector’s Anti-Competitive Conduct

JD Supra: Mergers

On May 9, 2024, the U.S. Department of Justice’s Antitrust Division (DOJ) announced it is “upping [its] game” on health care enforcement through the Task Force on Health Care Monopolies and Collusion (HCMC). The most recent in a series of DOJ task forces designed to target particular industries, the HCMC will broadly “guide the division’s enforcement strategy and policy approach in health care, including by facilitating policy advocacy, investigations and, where warranted, civil and criminal.

IT 185
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China Says It Will Start Buying Apartments as Housing Slump Worsens

The New York Times: Banking

Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.

IT 122
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What Is a 341 Meeting, and Do I Need to Attend? - Creditor’s Rights Toolkit

JD Supra: Mergers

The purpose of the 341 Meeting is to examine the debtor’s financial position and to confirm facts stated by the debtor in the bankruptcy filing. While creditors are not required to attend the 341 Meeting, creditors have an opportunity to examine the debtor and ask questions related to the debtor’s financials and the bankruptcy case. The 341 Meeting can inform creditors of how claims might be treated and the debtor’s ultimate plan for their bankruptcy case.

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Critical Steps to Bolster UK’s Cyber Resilience: Insights for Policy Makers from Cisco’s Cyber Readiness Index

Cisco: M&A

In the face of growing cybersecurity threats, UK policymakers have intensified efforts to protect the nation's digital infrastructure. This blog looks at insights from the UK McPartland review and the interdependence between cyber security and economic growth.

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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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Private Equity Firm Welsh Carson Dismissed from FTC Antitrust Action

JD Supra: Mergers

In Federal Trade Commission v. U.S. Anesthesia Partners, Inc. et al., a federal district court granted private equity firm Welsh, Carson, Anderson & Stowe's motion to dismiss it from the Federal Trade Commission's (FTC) lawsuit alleging an anticompetitive scheme to drive up the price of anesthesia services by orchestrating a decade-long "roll-up" strategy to consolidate anesthesiology practices in Texas.

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Stephen Mandel’s Lone Pine Capital reveals new stakes in AI-related power producers

CNBC: Investing

Lone Pine made new bets on some high-performing power providers and one big streaming company during the first quarter, a new regulatory filing shows.

Capital 104
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Private Equity Escapes on Motion to Dismiss but FTC Suit Against U.S. Anesthesia Partners Will Continue

JD Supra: Mergers

The Federal Trade Commission’s suit alleging U.S. Anesthesia Partners (USAP) and Welsh Carson, a private equity fund that owns 23 percent of USAP and controls two of 14 board seats, engaged in an anticompetitive scheme to acquire and consolidate anesthesia practices in Texas partially survived motions to dismiss by the two defendants. The FTC brought the case, Federal Trade Commission v.

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Altus Group Terminates Proposed Acquisition of Situs Group’s Commercial Real Estate Valuation Services Business

Global Newswire by Notified: M&A

Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry

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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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New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs

JD Supra: Mergers

On May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially revised guidelines for private letter ruling (PLR) requests regarding tax-free spin-off and split-off transactions (collectively, spin-offs) and related debt reallocation transactions.

Debt 174
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Accessing Secure Client Cloud Management after the SecureX EoL

Cisco: M&A

Secure Client Management capabilities aren’t going away with the SecureX EOL, the functionality is simply migrating to the Cisco Security Cloud Control service.

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President Biden Orders Chinese-Owned Firm to Divest Property Near Missile Base in Wyoming

JD Supra: Mergers

On May 13, 2024, President Biden issued an Executive Order requiring MineOne Partners Limited and its affiliates (together, “MineOne”) to divest their interest in real property located less than one mile from Francis E. Warren Air Force Base in Cheyenne, Wyoming. The order cites national security risks posed by MineOne’s ultimate Chinese ownership, the property’s proximity to the Air Force base, and the presence of foreign-sourced cryptocurrency mining equipment on the property.

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How to buy a put spread on the Nasdaq as a portfolio hedge

CNBC: Investing

Jeff Kilburg gives a market hedge just in case everything doesn't work out as the bulls suspect.

Portfolio 113
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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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Legal Conundrum over Effective Date of Share Transfer in Singapore

JD Supra: Mergers

Sometimes a very small change in the law can lead to big and unintended consequences. Singapore’s migration to digital may have inadvertently changed the way in which title passes in a share transfer.

Shares 168
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Friday's analyst calls: Chinese e-commerce giant upgraded, chemicals stock to rally 30%

CNBC: Investing

An e-commerce giant from China and a chemicals company were among the names being talked about by analysts on Friday.

Stock 104
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New Task Force to Target Healthcare Monopolies and Collusion

JD Supra: Mergers

On May 9, the Department of Justice’s (DOJ) Antitrust Division announced the creation of a new task force, the Task Force on Health Care Monopolies and Collusion (HCMC), focusing on antitrust enforcement in the healthcare industry. In an interview following the announcement of the task force, Assistant Attorney General Jonathan Kanter stated that the task force will “elevate the importance of health care antitrust enforcement,” and noted that healthcare “is among our highest priorities.”.

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Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The New York Times: Mergers, Acquisitions and Dive

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

Media 93
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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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Best Practices: How a Board Can Enhance Shareholder Value Creation in a Spin-Off

JD Supra: Mergers

In an article last year, we discussed the increased pressure companies face to separate businesses that are not deemed “core,” and why tax-free spin-offs and similar transactions may be the most appealing way to achieve this.

Business 168
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D1 Capital hikes its bet on this entertainment stock by more than 400%, shifts Big Tech holdings

CNBC: Investing

Dan Sundheim's D1 Capital boosted its stake in this live entertainment stock during the first quarter.

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PE Firm with Minority Interest Defeats Antitrust Claim—But FTC Scrutiny of Roll-Ups Likely to Continue

JD Supra: Mergers

District court finds minority investors in companies accused of antitrust violations are not liable solely by virtue of holding a minority ownership stake. To obtain injunctive relief, the FTC must allege specific facts demonstrating that minority investors are engaging—or are about to engage—in a continuing violation of antitrust laws beyond solely holding shares in a company accused of antitrust violations.

Investors 168