Fri.Jul 21, 2023

article thumbnail

Grab acquires Singapore’s third-largest taxi operator Trans-cab 

TechCrunch: M&A

Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab , the city-state’s third-largest taxi operator. The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and fuel pump operations.” Founded in 2003, Trans-cab started with a fleet of 50 taxis and trie

article thumbnail

Keeping Up With M&A Case Law – Spotlight on Recent Delaware Decisions

JD Supra: Mergers

The mergers & acquisitions market may wax and wane, but one thing in M&A is consistent from year to year: The Delaware courts issue opinions that impact M&A dealmaking. And this year is certainly no exception – Delaware courts continue to have plenty to say about M&A. While certainly not exhaustive (we were serious – the courts have been busy!

M&A 239
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Steps to a Successful Post-Merger (M&A) Integration

Midaxo

1. Execute with confidence Post-merger integration (PMI) is a fundamental stage in realizing the value of an M&A deal. It is a complex process requiring careful planning and swift action while simultaneously maintaining core business activities. A successful post-merger integration typically requires changes in a company’s business operations, people, processes, culture and structure.

M&A 235
article thumbnail

Contracting Models for Global Capability Centers in India

JD Supra: Mergers

Global Capability Centers (GCCs) located in India continue to evolve from labor arbitrage and cost savings initiatives to innovation centers for digital transformation, supporting cloud, mobile, data security, data analytics, AI, automation and other emerging technologies. Companies looking to establish a GCC in India (Companies) often engage a local or international service provider with in-country expertise, experience and professional connections (Facilitators) to facilitate setting up and.

article thumbnail

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?

article thumbnail

Due Diligence: Implications of the SCOTUS’s Affirmative Action Decision

Deal Lawyers

Last week on TheCorporateCounsel.net, Liz blogged about the potential implications of the SCOTUS’s recent decision striking down affirmative action in college admissions on governance and securities lawyers. A recent BakerHostetler memo says that M&A lawyers also need to keep the decision in mind during their due diligence review of a potential target.

M&A 100
article thumbnail

FTC and DOJ Release Draft Updated Merger Guidelines for Public Review and Comment

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission and the Department of Justice released a draft update of the Merger Guidelines. The draft Guidelines describe how the agencies “review.mergers and acquisitions to determine compliance with federal antitrust laws.”.

Mergers 130

More Trending

article thumbnail

US Antitrust Agencies Release Revised Draft Merger Guidelines

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) (each an Agency, and collectively, the Agencies) released a long-awaited draft version of revised Merger Guidelines (the Draft Guidelines), a set of public principles designed to provide information about how the Agencies may review mergers.

Mergers 130
article thumbnail

JPMorgan says this little-known biotech company could rally 66%

CNBC: Investing

The firm initiated coverage on Travere Therapeutics with an overweight rating and price target of $26, citing long-term growth potential.

98
article thumbnail

FTC Proposes New HSR Filing Requirements

JD Supra: Mergers

Companies pursuing acquisitions that require a filing in the United States under the Hart-Scott-Rodino Act (HSR) may, by year-end, face vastly expanded disclosure requirements necessitating far greater investments in time, effort, and planning.

article thumbnail

Microsoft shares hit a record high this week. How the pros are playing it

CNBC: Investing

Microsoft shares catapulted to all-time highs this week after announcing pricing for an A.I. tool. Where the stock goes from here.

Shares 98
article thumbnail

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.

article thumbnail

FTC and DOJ Jointly Issue Draft Merger Guidelines

JD Supra: Mergers

Proposing a radically different conception of government enforcement merger guidelines, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”), on July 19, 2023, jointly issued draft merger guidelines (“Draft Guidelines”) that would replace current Merger Guidelines, which were revised last in 2010. Stating that the “goal of this update is to better reflect how the agencies determine a merger’s effect on competition in the modern economy,” the structure of the Draft.

Mergers 130
article thumbnail

BMO downgrades this solar energy stock, says macro backdrop remains challenging

CNBC: Investing

Analyst Ameet Thakkar lowered his rating on the stock to market perform from outperform.

Stock 98
article thumbnail

FTC and DOJ Release Draft of Updated Merger Guidelines: What this Means for Companies' M&A Plans Now and in the Future

JD Supra: Mergers

After months of delays, on 19 July 2023, the United States Department of Justice Antitrust Division and Federal Trade Commission (collectively, the Agencies) released for public comment a draft update of their Merger Guidelines (Draft Guidelines). They also released a brief fact sheet summarizing the Draft Guidelines.

Mergers 130
article thumbnail

JPMorgan downgrades Blackstone, says there's little room to run for the stock

CNBC: Investing

JPMorgan downgraded Blackstone shares to neutral from overweight, saying that many of the stock's positives are now priced in.

Stock 98
article thumbnail

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.

article thumbnail

FTC and DOJ Propose Overhaul of Merger Guidelines

JD Supra: Mergers

On July 19, 2023, The Federal Trade Commission and the Department of Justice (the agencies) released a draft update of the Merger Guidelines that would significantly overhaul how the agencies review mergers and acquisitions. If enacted, the effect of the revisions would substantially shift the burden of proof to the merging parties and enable the agencies to block acquisitions without having to prove an anticompetitive effect.

Mergers 130
article thumbnail

Here are Friday's biggest analyst calls: Nvidia, Amazon, Carvana, Roku, Microsoft, Eli Lilly and more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

98
article thumbnail

Draft Merger Guidelines Demonstrate Continued Focus of DOJ and FTC on Labor Market

JD Supra: Mergers

Summary - The Federal Trade Commission (FTC) and Department of Justice (DOJ) have taken steps to update the Merger Guidelines and overhaul the premerger notification process, each with a sharpened focus on the effect a merger may have on labor markets.

Mergers 130
article thumbnail

These stocks could be taken over in the next 12 months, Goldman speculates

CNBC: Investing

Deal activity is poised to rebound, and here are some of the potential candidates for the next wave of mergers and acquisitions, according to Goldman Sachs.

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

Negotiating with a Noob M&A Target? Go Easy on Them, says Delaware Chancery

JD Supra: Mergers

Buy-side executives in an M&A deal negotiate with their sell-side counterparts for months, plying them for information, assessing the seller’s weaknesses and pressure points, and even making informal entreaties when the parties’ standstill agreement says they shouldn’t —all to get the best deal for the acquirer. Under Delaware’s contractarian corporate regime—that would seem to be a good thing.

article thumbnail

These companies set to report earnings next week have a record of beating expectations, including Visa

CNBC: Investing

Companies whose quarterly results top analysts' estimates may see their shares rise in the resulting enthusiasm.

Shares 98
article thumbnail

DOJ and FTC Propose Comprehensive Overhaul of Merger Guidelines, Including Presumption against Horizontal Mergers that Result in Market Shares Above 30%

JD Supra: Mergers

On July 19, 2023, the Department of Justice Antitrust Division (DOJ) and Federal Trade Commission (FTC) (together, the Agencies) released a draft set of revised Merger Guidelines (the Revised Guidelines) to set forth the Agencies’ current view of the state of antitrust merger enforcement. The Revised Guidelines would replace the current Horizontal Merger Guidelines, which the Agencies adopted with broad bipartisan consensus in 2010, as well as the Vertical Merger Guidelines, which the Agencies.

Mergers 130
article thumbnail

Cathie Wood says her flagship innovation fund has completely exited China

CNBC: Investing

Ark Invest's Cathie Wood said her flagship innovation fund has reduced its China exposure to zero as the developing market faces an economic slowdown.

Funds 98
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

Five Things Funds need to know about the Foreign Subsidies Regulation

JD Supra: Mergers

The EU Foreign Subsidies Regulation took effect on 12 July 2023 to much fanfare. We take a look at the top five things PE funds need to know when considering acquisitions with a European footprint. The Foreign Subsidies Regulation ("FSR") is the European Commission’s attempt to level the playing field for M&A deals by creating a mechanism to screen transactions involving investors who have received financial support from non-EU countries.

Funds 130
article thumbnail

Five Cisco Networking Academy partners receive Golden Bridge Award honors

Cisco: M&A

Founded more than 25 years ago , Cisco Networking Academy continues to be one of the longest-standing IT skills-to-jobs programs of its kind, in the world.

IT 98
article thumbnail

China: Draft SEP antitrust guideline released by SAMR for public comment

JD Supra: Mergers

On June 30, 2023, China’s antitrust authority – the State Administration for Market Regulation (SAMR) – released draft guideline on standard essential patents (SEPs) for public comment. The comment period ends on July 29, 2023. Notably, this is the first time SAMR has sought to regulate SEP licensing conduct through a comprehensive document dedicated to SEP related antitrust issues.

130
130
article thumbnail

Cultivating Collaborative Innovation: Unlocking the Power with Partners

Cisco: M&A

In today’s rapidly evolving market, companies are increasingly leveraging technology to create business value and agility.

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

FTC and DOJ Propose New Merger Guidelines

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission (“FTC”) and Department of Justice (“DOJ”) released a long-awaited draft update to their Merger Guidelines. This draft is the latest entry in a long series of guidelines that describe the agencies’ approach in reviewing proposed mergers and acquisitions.

Mergers 130
article thumbnail

Regional bank yields have fallen but plenty are still paying more than 4%

CNBC: Investing

Dividend yields on banks have come down as shares have recovered, but these names are still generating enough income to cover their payouts.

Banking 98
article thumbnail

Covenant Not to Sue for Loyalty Breaches in an Agreement Among Stockholders May Operate Within the Space for Fiduciary Tailoring

JD Supra: Mergers

The fiduciary duty of loyalty may be modified or eliminated in the LLC context, where freedom of contract is paramount. For corporations governed by the Delaware General Corporation Law (DGCL), however, many Delaware practitioners understood that the duty of loyalty was sacrosanct and, unlike voting rights, appraisal rights, or the right to sell shares, could not be waived, limited, or barred in advance by parties in an agreement or otherwise.

article thumbnail

The weakening dollar could mean good news for emerging markets. How to play it

CNBC: Investing

With the dollar beginning to fall as the Fed nears the end of its rate hike cycle, emerging market equities look set to benefit.

IT 98
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?