Harvard Corporate Governance

JULY 3, 2023

Posted by Lindsey Stewart, Morningstar, Inc., on Monday, July 3, 2023 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian Bebchuk, Alma Cohen, and Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy (d

Equity 226

Equity Marketability 226

Benzinga

JULY 3, 2023

Ellington Financial Inc. (NYSE: EFC ) entered a definitive merger agreement to acquire Great Ajax Corp. (NYSE: AJX ) for an implied offer price of $7.33 per share. The deal represents a 19% premium to the Great Ajax stock closing price on the NYSE on June 30, 2023. Following the acquisition, each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock, or approximately 12.5 million shares of.

Equity 98

Equity Marketability 98

Harvard Corporate Governance

JULY 3, 2023

Posted by Rick S. Horvath, Steven A. Engel, and Joni S. Jacobsen, Dechert LLP, on Monday, July 3, 2023 Editor's Note: Rick S. Horvath , Steven A. Engel , and Joni S. Jacobsen are Partners at Dechert LLP. This post is based on a Dechert memorandum by Mr. Horvath, Mr. Engel, Ms. Jacobsen, and Taylor Jaszewski and is part of the Delaware law series ; links to other posts in the series are available here.

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Rhythm Systems

JULY 3, 2023

In today's fast-paced business world, meetings are essential to corporate life. However, not all meetings are effective, and several factors can kill their productivity. Here are the top five productivity killers in meetings and how Rhythm Systems can fix meetings and make your meetings more fruitful.

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Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

Mckinsey and Company

JULY 3, 2023

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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BV Specialists

JULY 3, 2023

If you have owned a business for a number of years and now need an appraisal to sell the company, apply for financial assistance, or bring in new investors, you will need to have reliable financial documentation that provides historical performance details. The most common records you will need are income statements, balance sheets, and tax filing records.

Business Valuation 83

Business Valuation Appraisal Marketability 83

Law 360 M&A

JULY 3, 2023

The Federal Trade Commission is standing by its designated agency ethics official following a Wall Street Journal article revealing she owned stock in Meta Platforms Inc. while recommending that Chair Lina Khan recuse herself from the agency's case challenging a Meta deal, according to a statement issued Friday.

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Financial Times M&A

JULY 3, 2023

World’s biggest gene sequencing group closed deal with cancer screening start-up despite ongoing investigation

Start-ups 90

Start-ups 90

Law 360 M&A

JULY 3, 2023

Justice Samuel Alito conjured up a bizarre hypothetical about selling dog urine, Justice Amy Coney Barrett elicited a bit-too-personal childhood anecdote during oral argument, and Justice Neil Gorsuch cracked wise about attorneys inflating their hours. Here, Law360 highlights the moments from this term that briefly achieved that rarest of alchemies, turning lawyering into laughter.

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Scott Mashuda

JULY 3, 2023

Whether you’re a buyer seeking a strategic acquisition or a seller looking to transition ownership smoothly, the search for the right party on the other side of the table is a crucial step. For sellers, a qualified buyer is not just someone with financial capabilities, but an entity or individual with the expertise and strategic vision to execute a successful acquisition.

Finance 72

Finance Equity Banking Marketability 72

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Law 360 M&A

JULY 3, 2023

At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

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Financial Times M&A

JULY 3, 2023

Value of UK brand at centre of dispute as Sir Richard Branson’s company takes legal action against Brightline

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Law 360 M&A

JULY 3, 2023

The court's conservative supermajority continued to upend precedent this term, but the justices didn't always fall along ideological lines in blockbuster cases. The dissents were no less spicy, though they sometimes pitted longtime allies against each other.

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Financial Times M&A

JULY 3, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Equity 82

Equity 82

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

Law 360 M&A

JULY 3, 2023

The second half of 2023 could bring clarity to several questions in Massachusetts courts, including whether the "Varsity Blues" case will finally come to an end and how a new governor will shape the state judiciary.

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Financial Times M&A

JULY 3, 2023

Jim Lanzone, chief executive of internet brand, says company is profitable as a private company and will seek a future IPO

Marketability 75

Marketability 75

Law 360 M&A

JULY 3, 2023

The U.S. Supreme Court's newest member proved to be the biggest talker of the term, speaking more than any other justice in arguments that were, on average, the lengthiest in modern court history.

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Peak Business Valuation

JULY 3, 2023

Has your tanning salon seen a decrease in revenue since the pandemic ? Many tanning salons are not bouncing back since closures during COVID-19. It is important to know how to grow your tanning salon and increase your tanning salon’s value. Whether you are buying , selling , or growing a tanning salon it is helpful to know the success factors that increase the value of a tanning salon.

Business Valuation 52

Business Valuation Appraisal EBITDA Fair Market Value 52

Accountancy Today

JULY 3, 2023

Hazlewoods’ corporate finance team and BPE Solicitors’ corporate team recently advised FAUN Zoeller UK, a specialist manufacturer and supplier of municipal waste management vehicles and systems, on its acquisition of Manchester-based C.P. Davidson and Sons Ltd. The acquisition of C.P. Davidson and Sons, a ‘Mercedes-Benz qualified partner’, fits in to FAUN Zoeller UK’s strategic plan for the UK market, as they bring with them more than 60 years of British manufacturing and engineering expertise w

Corporate Finance 52

Corporate Finance Finance Marketability 52

Benzinga

JULY 3, 2023

Private equity groups are considering purchasing a majority stake in Worldpay from Fidelity National Information Services Inc (NYSE: FIS ) at a valuation exceeding $15 billion. Advent , a U.S. buyout firm that once owned Worldpay, is reportedly studying a bid. Another potential bidder could be Chicago-based private equity group GTCR. If FIS accepts an offer, it would deviate from its plan announced in February to spin off Worldpay.

Equity 52

Equity Marketability 52

Benchmark Report

JULY 3, 2023

Benchmark International is pleased to announce the transaction between Devon-based South West Intervention Services (SWIS) and Manchester-based Tristone. SWIS is a care provider that collaborates with local authorities and educational institutions to provide young people with support and intervention programmes tailored to each individual’s personal needs.

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52

Benzinga

JULY 3, 2023

Monster Beverage Corporation (NASDAQ: MNST ) and Vital Pharmaceuticals, Inc , along with certain of its debtor affiliates, " Bang Energy " have entered into an Asset Purchase Agreement (APA). Under the agreement, MNST subsidiary would acquire substantially all of. Full story available on Benzinga.

Equity 52

Equity Marketability 52

Benchmark Report

JULY 3, 2023

Benchmark International is pleased to announce Bidvest Branded Products Holdings' acquisition of Green Home Products. For over a decade, Green Home Products has blazed a trail in introducing environmentally friendly, compostable food packagings solutions, such as bagasse and plant-based bioplastic products, to the Southern African market. Established by Catherine Morris, the company has earned a reputation as an industry pioneer, leveraging a strong brand, high-quality products, and an experienc

Marketability 52

Marketability 52

Benzinga

JULY 3, 2023

East Resources Acquisition Co (NASDAQ: ERES ) announced merger closure with Abacus Life for $618.0 million. Abacus Life is a buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products. With the merger closure, ERES has been renamed 'Abacus Life, Inc.,' and the common stock and warrants are expected.

Equity 52

Equity Marketability 52

Sun Acquisitions

JULY 3, 2023

Selling your family business can be emotional and complex. After years, even decades, of hard work and dedication, it can be challenging to let go of your company. However, when the time comes to sell, you must do your due diligence to ensure a successful transaction. Due diligence is the thorough investigation and examination of a company’s financial, legal, and operational aspects by the potential buyer.

Compliance 52

Compliance 52

Benzinga

JULY 3, 2023

Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP ) acquired Zembrace SymTouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg from Upsher-Smith Laboratories for about $25 million. The products are FDA-approved, marketed, and indicated for treating acute migraine in adults. The strategic acquisition helps build Tonix's commercial capabilities and infrastructure ahead of the potential launch of TNX-102 SL for.

Marketability 52

Marketability Equity 52

Law 360 M&A

JULY 3, 2023

A Sydney-based project management firm has claimed in California federal court that Twitter owes it the equivalent of over $700,000 in unpaid bills for construction and installation work the Australian company did for the social media giant.

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Benzinga

JULY 3, 2023

Nvidia Corp (NASDAQ: NVDA ) remains buoyed by the ChatGPT frenzy, putting to rest concerns related to stricter U.S. AI chip regulations regarding China. In February, Nvidia quietly acquired OmniML, a two-year-old artificial intelligence startup whose software helped shrink machine-learning models, so they could run on devices rather than in the cloud, the Information reports.

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Law 360 M&A

JULY 3, 2023

Two PGA Tour officials will be testifying at a U.S. Senate hearing next week regarding last month's bombshell merger between the golf tour and its rival LIV Golf, while representatives for Saudi-backed LIV Golf declined to appear due to "scheduling conflicts," lawmakers announced on Monday.

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Benzinga

JULY 3, 2023

Casella Waste Systems, Inc (NASDAQ: CWST ) completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. (NYSE: GFL ) on June 30, 2023. The purchase price of the acquisition was. Full story available on Benzinga.

Equity 52

Equity Marketability 52

Valutico

JULY 3, 2023

How to choose Comparable Companies Comparable companies are a crucial part of financial analysis. When evaluating the financial health of a company, it is often important to compare it to similar companies in the same industry or market. This allows investors and analysts to better understand the performance of the company and make informed investment decisions.

Market Capitalization 52

Market Capitalization Marketability Comparable Company Analysis EBIT 52

Benzinga

JULY 3, 2023

VSE Corp (NASDAQ: VSEC ) closed the acquisition of Desser Holding Company LLC and concurrently sold Desser Aerospace's Proprietary Solutions businesses for a net cash consideration of $94 million. In particular, VSE bought Desser Aerospace for $124 million, and in a separate transaction, it sold Desser Aerospace's Proprietary Solutions businesses (including Seginus Aerospace, AOG Aviation Spares, and DAC Engineered Products) to.

Equity 52

Equity Marketability 52

Farrel Fritz

JULY 3, 2023

I previously wrote that one of the most difficult periods in the lifecycle of a closely held business is the period following the death of an owner, due to the tension between the remaining owners wishing to continue the business and the estate of the deceased owner wishing to liquidate his or her interest at any cost. When it comes to professional corporations, the retirement of a shareholder may present even greater challenges.

Book Value 52

Book Value Dividends Marketability 52

Benzinga

JULY 3, 2023

Latch, Inc. (NASDAQ: LTCH ) has acquired Honest Day's Work in exchange for approximately 29 million shares and a $22 million aggregate principal amount. Honest Day's Work is Ring founder Jamie Siminoff 's latest company dedicated to enabling residential service providers, such as housekeepers, dog walkers, Full story available on Benzinga.

Equity 52

Equity Marketability 52