Fri.Jul 21, 2023

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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!

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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

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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 208
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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.

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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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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.

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More Trending

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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.

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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
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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
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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.

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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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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 97
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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
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Barbie is everywhere this summer. Here are the stocks that can benefit from the highly anticipated film

CNBC: Investing

There are clear signs of a rising, hot-pink tide. But does Mattel have the clout to turn its intellectual property into a sales-boosting powerhouse.

Sale 95
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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
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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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Bank of America says the Hollywood strikes can hurt this equipment rental stock

CNBC: Investing

Analyst Sherif El-Sabbahy double-downgraded shares to underperform, citing the near-term impact from the ongoing writers and actors strike in Hollywood.

Bank 89
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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
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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.

Bank 96
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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
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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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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.

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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.

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This sleepy Dow ETF is gaining traction as the old-school average looks for a 10-day win streak

CNBC: Investing

The SPDR Dow Jones Industrial Average (DIA) has raked in more than $1 billion in net inflows over the past week, according to FactSet.

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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
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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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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
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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
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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
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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.

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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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KKR to take specialty chemicals firm Chase Corp private for $1.3bn

PE Hub

According to terms of the deal, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash. The post KKR to take specialty chemicals firm Chase Corp private for $1.3bn appeared first on PE Hub.

Shares 82
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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
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American Express shares dip after earnings. Here's how to play the stock

CNBC: Investing

Pros on CNBC discussed American Express after it posted mixed second-quarter results that beat on earnings but missed on revenue.

Shares 97