JD Supra: Mergers
JULY 28, 2023
The U.S. Justice Department (DOJ) and Federal Trade Commission (FTC) (collectively, the “Agencies”) released for public comment draft Merger Guidelines that outline how the agencies evaluate proposed deals. The Agencies have periodically updated their Merger Guidelines, with the last such update in 2010.
TechCrunch: M&A
JULY 25, 2023
Amazon is lowering its acquisition price for robotic vacuum-maker iRobot, after the duo have hit regulatory snags trying to get the deal over the line. The e-commerce giant announced plans to acquire iRobot last August in an all-cash deal worth $1.7 billion , equating to around $61 per share. Now, Amazon has said that it’s amending its bid to $51.75, roughly 15% lower than its initial offer.
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H. Friedman Search
JULY 27, 2023
There was nothing magical about June 1 st. It was just an ordinary day, and I’m not even sure what day of the week it was. However, something in the world of public finance changed. Firms were ready to move again. I had noticed a hiatus in the hiring process up until then. Firms were moving slower, and not as excited about the marketplace. Then that changed, and I am pleased to announce that even though the perception is that firms are not hiring in public finance – that is not the case.
Cisco: M&A
JULY 28, 2023
Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.
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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?
JD Supra: Mergers
JULY 24, 2023
Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
The New York Times: Banking
JULY 28, 2023
The decision places more strain on the cannabis industry, which largely operates with cash and is not uniformly regulated across the United States. The drug is still illegal on the federal level.
Global Banking & Finance
JULY 27, 2023
Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023.
JD Supra: Mergers
JULY 28, 2023
On July 19, 2023, the Federal Trade Commission (FTC) and Department of Justice (DOJ) released for comment proposed joint merger guidelines which seek to replace the agencies’ vertical merger guidelines released in 2020 and horizontal merger guidelines released in 2010. The proposals introduce significant changes to both the ways in which the agencies define markets and competition, and the evidence and metrics they would use to assess a merger’s competitive effects.
TechCrunch: M&A
JULY 25, 2023
French aerospace and defense group Thales is procuring cybersecurity company Imperva from Thoma Bravo in a deal worth $3.6 billion. The news comes four years after private equity giant Thoma Bravo acquired Imperva for $2.1 billion, taking the San Mateo-based company private eight years after it had gone public on the New York Stock Exchange (NYSE). Founded in 2002, Imperva is a data and application security company with services spanning web application firewalls (WAFs), API security, DDoS prote
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.
The TRADE
JULY 27, 2023
BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a
Global Banking & Finance
JULY 27, 2023
Mediobanca to launch new $223 million buyback after record year MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in its new fiscal year after closing the previous one with record revenues and profits.
JD Supra: Mergers
JULY 28, 2023
The U.S. Department of Justice, Antitrust Division (DOJ), and the Federal Trade Commission (FTC) (and together, the “Agencies”) have released long-anticipated draft merger guidelines (the “2023 Draft Guidelines”) that articulate the Agencies’ policies in reviewing proposed mergers.
TechCrunch: M&A
JULY 24, 2023
When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s position as a seemingly unstoppable juggernaut. Among them is Amazon’s canny decision to buy and build fulfillment centers around the world. By last count, it operates 305 in the U.S. alone, with an average of 800,000 square feet.
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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.
Cisco: M&A
JULY 26, 2023
There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.
Global Banking & Finance
JULY 27, 2023
EDF swings to profit thanks to price increases PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.
JD Supra: Mergers
JULY 28, 2023
Despite a decline in overall senior housing M&A activity from 2022 to 2023, nonprofit M&A is pacing for a record year. Many of the same market conditions that cooled overall M&A activity — such as increasing interest rates, tightened lending requirements and operational uncertainty — appear to be causing a surge in nonprofit affiliations, acquisitions and dispositions.
TechCrunch: M&A
JULY 28, 2023
AngelList , an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space. And it’s acquired a Y Combinator-backed fintech startup in the industry to kickstart that effort. Founded in 2010, AngelList started as a mailing list for high-quality angel investors before turning into one of the most powerful fundraising channels for early-stage startups.
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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.
The TRADE
JULY 25, 2023
Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.
Global Newswire by Notified: M&A
JULY 24, 2023
PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024.
JD Supra: Mergers
JULY 28, 2023
A new case demonstrates the importance of conducting due diligence on compensatory arrangements and adjusting capitalization representations in merger agreements accordingly. Phantom equity is a form of employee compensation that confers benefits linked to the value of a company’s shares without actually bestowing any ownership of shares on the employee.
Razorpay
JULY 26, 2023
The government of India levies tax on income earned by every individual or business – this is called Income Tax. Revised income tax rates are announced every year in the Union Budget by the Finance Minister. If an individual’s income is above a specific minimum limit, he/she must pay income tax to the government. 2023 Union Budget Income Tax Highlights Minimum taxable income is now Rs 3,00,000 – increased from the previous Rs 2,50,000 minimum amount The new tax regime is now th
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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.
The New York Times: Banking
JULY 28, 2023
Amid severe limits on withdrawals and a yearslong financial crisis, Lebanese depositors are resorting to force to demand their own money, earning the moniker “the world’s most honorable bank robbers.
The TRADE
JULY 27, 2023
BlackRock and JFS are set to form a 50:50 joint venture – to be known as Jio BlackRock – focused on delivering tech-enabled access to affordable investment solutions for investors in India. The innovative partnership is set to benefit millions of investors, pending regulatory and statutory approvals. According to the businesses, the aim is to “revolutionise India’s asset management industry and transform financial futures” through combining the scale and investment history of BlackRock, with the
JD Supra: Mergers
JULY 28, 2023
The healthcare M&A market appears to be steadying. Although deal activity through the year appears slightly below the high-water marks for the corresponding period of 2022, deal activity is generally up from the first quarter of 2023, and reported volumes are nearly twice the levels seen in 2018 and 2020. Moreover, and perhaps more interesting than the volume of the transactions and the transactions themselves, are the emerging trends across various sectors that are driving—and impacting—dea
CNBC: Investing
JULY 26, 2023
"Investing for the long term in competitively advantaged growth businesses managed by exceptional executives. That's our strategy," Baron said.
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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.
Growth Business
JULY 26, 2023
By Timothy Adler on Growth Business - Your gateway to entrepreneurial success UPDATED: Following the resignation of Dame Alison Rose, Paul Thwaite will take over as interim chief executive of NatWest for 12 months, while the bank searches for a permanent replacement. Formerly the managing director for specialist businesses and business banking at NatWest, Thwaite steps up amid the row between one of Britain’s biggest banks and former UKIP leader Nigel Farage.
Cisco: M&A
JULY 28, 2023
This blog is part of our People Behind Purpose at Cisco series that focuses on employees driving Cisco’s purpose to Power an Inclusive Future for All.
The New York Times: Banking
JULY 28, 2023
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
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