Thu.Jul 06, 2023

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DigitalOcean acquires cloud computing startup Paperspace for $111M in cash

TechCrunch: M&A

DigitalOcean , the cloud hosting business, today announced that it’s agreed to acquire Paperspace , a New York-based cloud computing and AI development startup, for $111 million in cash. DigitalOcean CEO Yancey Spruill says that Paperspace’s infrastructure and tooling, once integrated with DigitalOcean’s products, will enable customers to more easily test, develop and deploy AI applications.

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Georgia-Pacific Ruling Furthers Texas Two-Step Challenges

JD Supra: Mergers

The U.S. Court of Appeals for the Fourth Circuit recently approved injunctive relief as part of a strategy for settling mass tort claims through the Chapter 11 bankruptcy case of Bestwall LLC, an entity created by Georgia-Pacific LLC. A divided three-judge panel upheld a U.S. Bankruptcy Court for the Western District of North Carolina injunction that barred asbestos- injury claimants from continuing litigation against a nondebtor, finding that the bankruptcy court had jurisdiction and applied.

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Morgan Stanley raises Microsoft stock outlook above $3 trillion because of A.I.

CNBC: Investing

Morgan Stanley raised its price target on Microsoft shares to a Street high $415, implying the company's market cap will exceed $3 trillion.

Stock 98
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Pre-Merger Non-Solicitation Ban Yields No Antitrust Claim

JD Supra: Mergers

It is rare that for an employer to instruct its employees not to try to lure aware a competitor's customers. It is rarer still when an employer fires an employee for doing so. These may be rare events, but apparently (or at least allegedly) they have happened.

Mergers 130
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Pioneer, Bristol-Myers Squibb and more: CNBC's 'Halftime Report' traders answer your questions

CNBC: Investing

"Ask Halftime" traders answer your questions about individual stocks, bonds and ETFs.

Stock 98
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FTC Proposes Amendments to Hart-Scott-Rodino Disclosures, With Changes Focusing on Workplace Issues

JD Supra: Mergers

The Federal Trade Commission (FTC), with “concurrence” of the assistant attorney general for the Antitrust Division of the U.S. Department of Justice (DOJ), has issued a Notice of Proposed Rulemaking (NPRM) proposing significant amendments to the Premerger Notification and Report Form filed by parties in connection with the antitrust review of mergers and acquisitions (M&A) above a certain monetary threshold (currently, $111.4 million).

More Trending

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FTC Announces Proposed Changes to Hart-Scott Rodino Form

JD Supra: Mergers

The U.S. Federal Trade Commission (“FTC”), with the concurrence of the Antitrust Division of the U.S. Department of Justice (“DOJ”), announced late last month proposed changes the premerger notification form and rules under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). By: Miles & Stockbridge P.C.

Trading 130
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This green hydrogen stock can rally more than 20%, says Citi

CNBC: Investing

The bank initiated coverage on the stock with a buy rating and $13 price target.

Stock 98
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New Hart-Scott-Rodino Proposal Signals Sea Change in U.S. Merger Review Process That Will Delay Transactions and Raise Costs

JD Supra: Mergers

The recent proposal would require significantly more information to be provided up front to the U.S. antitrust agencies. The new rules will likely take effect in Q4 2023 or Q1 2024.

Mergers 130
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Citi says buy this aircraft maker with more than 30% upside

CNBC: Investing

Citi initiated coverage on the aircraft company with a buy rating. The firm said shares have already priced in a muted macro outlook.

Shares 98
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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A New Era for Japanese M&A? Fresh Guidelines from Key Japanese Government Agency Seek to Stimulate Corporate Value Creation through Development of Fair M&A Market

JD Supra: Mergers

Draft of New Guidelines Published. On June 8, 2023, the Ministry of Economy, Trade, and Industry (“METI”), a Japanese government agency tasked with promoting economic vitality in the private sector,[1] published (in draft form) the first revision in nearly two decades to key corporate governance and public takeover guidelines (such draft, the “2023 Guidelines”).

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Bank of America upgrades Sweetgreen, says automation can boost the salad stock by 30%

CNBC: Investing

Bank of America thinks momentum is on Sweetgreen's side, even as people return to the office at a slower-than-expected pace.

Bank 98
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Share Deals: Planned Changes with Respect to Real Estate Transfer Tax

JD Supra: Mergers

The German Federal Ministry of Finance has published a discussion draft regarding the amendment of the real estate transfer tax (“discussion draft”), which is especially important with respect to share deals. One of the main reasons for the draft regulations is the abandonment of “joint ownership” (“Gesamthandsgemeinschaft”) coming into application with the modernization act on the law of partnerships (“MoPeG”) on January 1, 2024.

Shares 100
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Preferred securities are yielding nearly 7%. After a turbulent first half, here's why it may be time to jump in

CNBC: Investing

Preferred securities were beaten down during the banking crisis. Experts now see an opportunity.

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Enhance Customer Value: Unleash Your Data’s Potential

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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Marketing Private Funds to U.S. Investors — A Practical Guide for Asia-Based Managers

JD Supra: Mergers

As the private equity (“PE”) and venture capital (“VC”) funds industry grows and matures in Asia, managers are increasingly looking to market interests in their funds to U.S.-based investors. However, many Asia-based managers we speak with are wary of marketing to U.S. investors because they are concerned about the compliance costs and complexities raised by the U.S. securities and tax rules.

Investors 100
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Buy Keurig Dr Pepper as the beverage stock prices in too much risk, Morgan Stanley says

CNBC: Investing

The firm upgraded Keurig Dr Pepper to overweight, saying that too much risk has been priced into the stock.

Stock 98
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Let’s focus on security resilience for manufacturing and financial services

Cisco: M&A

Have you heard the phrase “Meet your customers where they are?

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Wolfe Research says buy this mall operator that's trading at a discount

CNBC: Investing

Analyst Andrew Rosivach said that shares are trading at a discount relative to its strip mall peers and overall coverage.

Trading 98
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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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Building industrial networks that are secure by design

Cisco: M&A

As manufacturers digitize operations, they’re connecting more industrial assets and using more software to run their factories. A reliable, efficient network on the plant floor is essential.

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Retail investors are chasing this rally in big numbers and have found a new favorite sector instead of A.I.

CNBC: Investing

Retail investors are turning their attention to these electric vehicle stocks after Tesla's strong deliveries and an artificial intelligence rally.

Retail 98
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Discovering a Better Version of Myself Through Inclusive Communities

Cisco: M&A

The pandemic was a unique time. Suddenly the world was forced to reconcile with a virus and social distancing. It was tough! A human being is a social being.

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A.I. could mean a 'decade of health care is upon us.' Here are some stock picks

CNBC: Investing

Investors hoping to capture more upside from artificial intelligence could turn to a sector that's underperformed this year: Health care.

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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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Altamont-backed SPG buys packaging firm PPS

PE Hub

SPG is a provider of protective packaging manufacturer in North America. The post Altamont-backed SPG buys packaging firm PPS appeared first on PE Hub.

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Bond yields and volatility are spiking. These ETFs should benefit

CNBC: Investing

Funds that bet on higher volatility and rising yields can help bolster portfolios during broad selloffs.

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Platinum Equity-backed Solenis completes buyout of cleaning products firm Diversey

PE Hub

The deal was for about $4.6 billion. The post Platinum Equity-backed Solenis completes buyout of cleaning products firm Diversey appeared first on PE Hub.

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These stocks win when short-term rates are surging like they are now

CNBC: Investing

The yield on the 2-year Treasury jumped to above 5.07% on Thursday, a level it hasn't seen since June 2007.

Stock 98
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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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Mubadala-backed Canada Cartage acquires Cam-Scott Transport

PE Hub

Cam-Scott Transport is a Whitby, Ontario-based provider of temperature-sensitive delivery services. The post Mubadala-backed Canada Cartage acquires Cam-Scott Transport appeared first on PE Hub.

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Meta touches 17-month high after Threads platform launch. Here's what the pros are saying

CNBC: Investing

Pros on CNBC discussed Meta after the social media company launched its Threads platform to rival Twitter.

Media 98
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PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard

PE Hub

Denver-based Mercer is a wealth management and financial planning firm. The post PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard appeared first on PE Hub.

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Terracon Acquires PMI of Arkansas

Global Newswire by Notified: M&A

Clients in the South and Southeastern U.S. to benefit from expanded services and resources Clients in the South and Southeastern U.S.

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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?