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Good Tuesday Morning,
Sorry we’re a little late – had to verify some new stuff on Amazon.
Daylight – 20 Amazon seeking cities froze up yesterday when word got out the company was laying off hundreds at its Seattle HQ. No need to fear. Pruning.
M&A – Harvard Bioscience acquired Data Sciences International in a deal valued at approximately $70 million acquisition.
Remington Outdoor Company, a Madison, N.C.-based firearms manufacturer, has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy. By the way, the U.S. manufactured 11 million guns in 2016, up from 4 million a decade earlier. However, some shops lost as much as 50 percent of sales in 2017 with no threat of a gun crackdown from Hillary as the NRA rethinks their election strategy.
LogMeIn agreed to acquire Jive Communications, a provider of cloud-based phone systems.
Alliance Physical Therapy Management agreed to acquire the U.S. operations of Agility Health, a healthcare operator. The deal is valued at $45 million.
Terratest acquired Geostructures, a Purcellville, Va.-based construction services firm.
Style – Randall, I am going to see Dwight Yoakam – flip of a coin, will I be the oldest or youngest there?
What I like about Dwight is his songs aren’t all about honky tonks – more about why people go there in the first place. By the way, our MR editor, Matt, sent me links to some current hip-hop/rap songs. I want to learn about it. Randall, sounds and rolls a lot like “Jackson” sung by Johnny and June Cash. By the way, Dwight never got enough credit for “I Sang Dixie” which was all about dreams in L.A.
Word of the Day: madeleine [mad-l-in, mad-l-eyn] noun
Something that triggers memories or nostalgia. The madeleine of billboards is the Coppertone ad. It inspires condo sales near its locations. Baby boomers relive the family vacation in the panel sided station wagon.
Economics – In case you missed it, the last seven weeks amount to a sea change in United States economic policy. Fiscal responsibility is out of style and big deficits are as cool as casinos. The trillion dollar question is how it will affect the economy. More worried about the medium-term rather than the long or short. Short-term – Booster shot. Medium-term – Financial flu. Long-term – Recovery. By the way, credit markets are wary – junk bonds have totally tanked.
Live Rounds – Duck hunting. Aflac is reviewing its creative account, saying it wants to insure that the brand is staying relevant and keeping up with trends.
About 375 million years ago, a pioneering fish crawled out of a prehistoric ocean and kick-started the evolution of salamanders, lizards, you, me and all other land vertebrates that have ever existed. The circuits of neurons that govern walking, many have long thought, emerged sometime after that, as creatures transitioned from swimming to limb-based locomotion.
But a new report, published in the journal Cell overturns that notion, suggesting the template for walking originated in ancient skate fish millions of years before the first vertebrate ever ambled on dry land. The little skate not only displays walking behavior on the seafloor, but uses neurons and genes that are nearly identical to the ones vertebrates use to walk on land, said Jeremy Dasen, an associate professor at the N.Y.U. School of Medicine’s Neuroscience Institute and senior author of the paper.
Buzzard’s Roost – Hard to believe, the New England Journal of Medicine published the results of an elaborate study that shows heart stents as a useless and unnecessary medical expense. What’s not funny is that 2 percent of patients have complications from the procedure.
Hot – The C.E.O. of the U.S. Hispanic Chamber of Commerce, Javier Palomarez, was ousted amid allegations of financial impropriety and sexual harassment.
Equifax hired Jamil Farshchi as its chief information security officer, in the wake of its giant data breach last year.
Snap’s head of sales, Jeff Lucas, is leaving as the company relies more on automated ad bidding. Culture – Maybe it’s the haircut, but I think we underestimated the young North Korean dictator Kim Jong-un. He sent an American-style cheerleading squad, 229 strong by the way, to the Olympics in matching snowsuits. They have stolen the show at Olympic events, even with the chaperoned bathroom breaks.
Investment Banking – Stone Point Capital agreed to acquire a majority stake in Genex Services, a provider of cost containment services for the workers’ compensation, disability and auto industries.
Hedge Funds – Blue Wolf Capital Partners, acquired a majority stake in Petrosmith.
IPO – Cardlytics, an Atlanta-based credit carded data firm, said it raised $70 million in an offering of 5.4 million shares priced at $13.
Venture Capital – Honest Buildings, a project management platform, raised $21 million.
HomeCare.com, a McLean, Va.-based marketplace for private duty caregivers, raised $11 million.
Battery Ventures made a significant investment in Curve Dental, a provider of web-based dental software and related services to dental practices.
Spotlight – We welcome Tony and Linda Martin from Michigan to the Oxford Entrepreneurs. Linda has a fascinating business in adult day care, an alternative to nursing homes and home care. They have made it successful in Michigan and will now look at models to expand nationally – Know, Grow and Exit.
Live – Aprio – New Tax Strategy for Business
February 22 from 9:00 am to 11:00 am
5 Concourse Parkway
Atlanta, GA 30328
Venture Capital – DataVisor, a provider of fraud detection solutions using unsupervised machine learning, raised $40 million.
Private Equity – Thoma Bravo agreed to acquire a majority stake in Nintex, a provider of intelligent process automation solutions.
And that’s what’s ahead, Cliff