Mon.Jun 10, 2024

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Sources: Wasoko-MaxAB e-commerce merger faces delays amid headwinds in Africa

TechCrunch: M&A

The merger has yet to close due to extended due diligence amid ongoing restructuring and macroeconomic headwinds across multiple countries. © 2024 TechCrunch. All rights reserved. For personal use only.

Mergers 199
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Court of Chancery Issues First Decision Dismissing MultiPlan Claims

JD Supra: Mergers

On May 31, 2024, the Delaware Court of Chancery issued its first opinion dismissing a “MultiPlan claim” at the pleadings stage. As a reminder, a MultiPlan claim is a breach of fiduciary duty claim against directors, officers or controllers of a special purpose acquisition company (SPAC) alleging that the fiduciaries interfered with the SPAC stockholders’ ability to exercise their redemption rights in connection with a so-called “de-SPAC” merger.

Mergers 175
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SPAC Litigation: Del. Chancery Hands DeSPAC Defendants a Win

Deal Lawyers

Armed with favorable precedent generated the MultiPlan and GigAcquisition3 lawsuits and supported by a boatload of negative publicity about SPAC insiders leaving the public holding the bag, plaintiffs in deSPAC lawsuits have had the benefit of a prevailing wind in recent years. However, the Chancery Court’s recent decision in In re Hennessy Capital Acquisition Corp.

Capital 112
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Court Denies FTC Bid to Halt Novant-CHS Deal

JD Supra: Mergers

On June 5, 2024, the US District Court for the Western District of North Carolina denied the Federal Trade Commission’s (FTC) petition to enjoin Novant Health Inc.’s (Novant) acquisition of Community Health Systems Inc.’s (CHS) Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis), thereby allowing the acquisition to proceed while the FTC conducts its administrative process to consider the lawfulness of the transaction.

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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.

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From Corporate to Trailers: Shane Ehrsam Discusses His Journey to Trailer Dealership Ownership

How2Exit

E220: From Corporate to Trailers: Shane Ehrsam Discusses His Journey to Trailer Dealership Ownership - Watch Here About the Guest(s): Shane Ehrsam is a seasoned business operator and entrepreneur specializing in mergers and acquisitions within the B2B services sector. Raised by entrepreneurial parents, Shane began his career studying entrepreneurial management in college before spending eleven years climbing the corporate ladder in an industrial uniform provider company.

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Michael Mufson Discusses Investment Banking and Business Exit Strategies

How2Exit

E221: Michael Mufson Discusses Investment Banking and Business Exit Strategies - Watch Here About the Guest(s): Michael Mufson is a seasoned investment banker with a distinguished career spanning over several decades. He began his career working for a U.S. Senator and transitioned into the financial sector with Ernst and Young in their consulting group.

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The Election is Coming: How will the 2024 Presidential Election Effect the M&A Market

JD Supra: Mergers

The 2024 presidential election is right around the corner. M&A advisors prognosticate about how each election cycle will affect M&A, and 2024 is no different. Since 1996, deal volume and deal values are 8%-10% lower in presidential election years than the year following presidential elections, and the effect is felt more acutely at the lower end of the middle market.

M&A 157
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Navigating the Digital Future: Cisco’s Vision for the UK’s Tech-Led Growth

Cisco: M&A

In a world where technologies have become the backbone of thriving businesses; efficient public services, and citizen empowerment, the stakes for tech policy have never been higher. Cisco's Ten Tech Priorities to Power the UK’s Future is designed to help policy makers cement the UK’s position as a global tech leader.

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Navigating the Downside: The Rise of Down Rounds in 2024 VC Deals

JD Supra: Mergers

I had a chance to sift through Pitchbook’s U.S. VC Valuations Report for the first quarter of 2024. The data point that really jumped out at me was the increase in down rounds. The number of flat and down rounds as a proportion of all VC deals has been rising consistently since the first quarter of 2022, reaching 27.4% of all VC deals in Q1 2024, the highest level in ten years.

Valuation 138
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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.

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Transforming Security: Latest Innovations Driving Partner Growth

Cisco: M&A

Check out a recap of our latest Cisco Security announcements. Read on to hear about all the security innovation, what it means for partners, and what’s ahead together.

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Landmark Reforms to UK Competition and Consumer Protection Landscape Become Law

JD Supra: Mergers

The Digital Markets, Competition and Consumers Act 2024 received Royal Assent on May 24, 2024, ushering in the most significant reforms to the UK’s competition and consumer protection laws in a generation. The Act introduces significant changes to the role and responsibilities of the UK Competition and Markets Authority (CMA), importantly with respect to digital markets, where it will play a key role in proactively regulating the conduct of large digital firms.

IT 130
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Monday's top analyst calls: JPMorgan names Carvana a top pick, AMD gets a downgrade

CNBC: Investing

An online auto seller and a chipmaker were among the stocks being talked about by analysts on Monday.

Stock 118
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Chancellor McCormick, law professors weigh in on controversy over proposed DGCL amendments

JD Supra: Mergers

Last month, this PubCo post discussed the recent controversy over proposed amendments to the Delaware General Corporation Law. As noted in the post, the Council of the Corporation Law Section of the Delaware State Bar Association proposes amendments annually, but some of the amendments proposed this year, submitted as Senate Bill 313 to the Delaware General Assembly, have elicited a substantial amount of pushback.

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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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Cisco Builds on the CNAPP Movement to Secure and Protect the Cloud Native Application Estate

Cisco: M&A

Enterprise Strategy Group Report Identifies Crucial Requirements for Scalable Security, Multicloud Visibility, and True “Shift Left” DevSecOps

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Beyond Borders: A Guide for Navigating the European Regulatory Landscape

JD Supra: Mergers

The heightened scrutiny M&A deals are encountering from various regulatory agencies in the US represents only part of the global regulatory regimes that cross-border dealmakers must navigate. European regulators have enacted – and aggressively pursued – a web of regulatory review tools, including merger control, foreign direct investment (FDI) and foreign subsidies control.

M&A 121
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Fortinet to Acquire Lacework, Enhancing the Industry’s Most Comprehensive Cybersecurity Platform

Global Newswire by Notified: M&A

Adds AI-Powered Cloud-Native Application Protection Platform (CNAPP) to the Fortinet Security Fabric, Accelerates Fortinet’s Unified SASE Expansion Adds AI-Powered Cloud-Native Application Protection Platform (CNAPP) to the Fortinet Security Fabric, Accelerates Fortinet’s Unified SASE Expansion

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Goldstein v. Denner: Delaware Court of Chancery imposes sanctions for spoliation of evidence

JD Supra: Mergers

In Goldstein v. Denner, the Delaware Court of Chancery imposed sanctions pursuant to Court of Chancery Rule 37(e) in light of the defendants’ failure to preserve text messages. The court found that the defendants acted at least recklessly, as no reasonable preservation efforts were made until after the defendant’s motion to stay discovery was denied, despite three prior litigation holds instructing the defendants to preserve their text messages.

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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.

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Nvidia could one day be an unprecedented 15% of the S&P 500, predicts Evercore ISI

CNBC: Investing

Evercore ISI is out with a particularly bold call on Nvidia.

S&P 125
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Emerging Real Estate Trends in Australia: What Investors Need to Know

Global Banking & Finance

Emerging Real Estate Trends in Australia: What Investors Need to Know Introduction The Australian real estate market is continuously evolving, influenced by various economic, social, and technological factors. As we progress through 2024, understanding these trends is crucial for making informed investment decisions.

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GameStop shares slide 16% following Friday's 40% sell-off

CNBC: Investing

The video game company's stock declined to just below $24 apiece on Monday after falling nearly 40% on Friday alone.

Shares 95
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Tradeweb and FTSE Russell launch combined US Treasury closing prices

The TRADE

Tradeweb and FTSE Russell have launched Tradeweb FTSE US Treasury closing prices, extending their combined offering of fixed income pricing which can be used in index trading products. Lisa Schirf As seen with existing Tradeweb FTSE closing prices for UK gilts and European government bonds, the new US Treasury closing prices will incorporate trading activity from Tradeweb’s electronic platform, which the firm claims to result in more robust benchmark pricing.

Trading 64
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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.

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Goldman Sachs downplays the Nvidia stock split hype, sees little impact

CNBC: Investing

The Wall Street firm found that most recent stock splits have not generated a significant increase in retail trading activity.

Stock 108
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Panmure Liberum makes three senior appointments as part of US team expansion

The TRADE

Panmure Liberum has expanded its US business with three new appointments to coincide with the newly combined business’ growth plans. In January, Panmure Gordon and Liberum agreed to merge and create the UK’s largest independent investment bank. As part of the merger, former Barclays executive, Rich Ricci, took on the role of chief executive of the combined entity.

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Bernstein says Tesla stock will take a hit as Musk pay package is unlikely to pass

CNBC: Investing

Analyst Toni Sacconaghi said investors are underestimating the risk that Elon Musk's pay package is rejected.

Investors 105
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People Moves Monday: UBS, Titan Asset Management, IEX Group and more…

The TRADE

UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. Neil Hosie was appointed global execution services head in a full-time capacity after joining UBS as part of its takeover of Credit Suisse last year. He took up the role on an interim basis in March.

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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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Mitratech Adds Advanced Document Automation to Its Legal and Compliance Platform with Strategic Acquisition of HotDocs

Global Newswire by Notified: M&A

Mitratech's acquisition of HotDocs brings decades of market prowess in document assembly into the Company's award-winning legal and compliance portfolio.

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State Street names new global markets head for continental Europe

The TRADE

State Street has selected one of its own to head up its global markets business for continental Europe. Dagmar Kamber Borens has been appointed head of global markets for the region for State Street Bank International (SSBI). In her new role, she will report to Anthony Bisegna, head of State Street Global Markets and Andreas Przewloka, chief executive of State Street Bank International.

Bank 59
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Understanding the Rule of 40: A Key Metric for SaaS Success

Software Equity Group

The “Rule of 40” in SaaS valuations is a rule of thumb used to assess a company’s financial health and growth potential. It suggests that the sum of a company’s top line year over year growth rate (annual recurring revenue growth percentage) and its EBITDA margin should ideally be at least 40%. This rule helps buyers and investors evaluate whether a company is effectively balancing growth with profitability.