Wed.Oct 18, 2023

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Directors: Take Activist Threats to Your Reputation with a Grain of Salt

Harvard Corporate Governance

Posted by Patrick Ryan, Lex Suvanto, Edelman Smithfield, on Wednesday, October 18, 2023 Editor's Note: Patrick Ryan is a Senior Vice President and Lex Suvanto is a Managing Partner at Edelman Smithfield. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

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How consumer companies outcompete: High-performing operating models

Mckinsey and Company

If your consumer company isn’t growing more profitably and innovating faster than competitors, it’s time to rewire it. Start by revamping your operating model.

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Trending Sources

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Securities Law Precedents, Legal Liability, and Financial Reporting Quality

Harvard Corporate Governance

Posted by Allen Huang (Hong Kong University of Science and Technology), on Wednesday, October 18, 2023 Editor's Note: Allen Huang is ​a Professor of Accounting at Hong Kong University of Science and Technology. This post is based on an article forthcoming in Review of Finance by Professor Huang, Benedikt Franke, Reeyarn Zhiyang Li, and Hui Wang. In the U.S., securities class actions (SCAs) are one of the most significant sources of legal liability for firms, allowing investors to potentially rec

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Exxon Mobil’s Pioneer Deal Is a Direct Threat to Democracy

NYT M&A

By doubling down on fossil fuels, Exxon Mobil is choosing to profit through the most harmful way to the rest of us.

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How to Leverage Intent Data for Better Outcomes

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.

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IRS Changes Threshold for Mandatory e-Filing

Redpath

October 18, 2023 – The IRS recently introduced new requirements that will reduce the threshold for mandatory e-filing of certain information returns and forms. This change will affect many organizations that have historically paper filed. In addition, the threshold will be an aggregate number of forms instead of being based on a specific form type. Filers should review the new regulations and how they might impact your organization.

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Ferrara Sweetens Portfolio, Buys Jelly Belly — A Candy Favorite Of This US President

Benzinga

Jelly Belly candy — once the go-to sugar fix for former President Ronald Reagan when he was trying to kick a smoking habit — is now under the same roof as Nerds and Sweet Tarts. What Happened : Ferrara Candy Company , the U.S. subsidiary of Luxembourg-based Ferrero SpA , agreed to buy the family-owned jelly bean company for an undisclosed price.

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2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Machen McChesney

Here are some key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Global Energy Perspective 2023

Mckinsey and Company

In an evolving energy landscape, our Global Energy Perspective 2023 provides insights into long-term trends that will shape the energy transition.

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Cybin's Acquisition Of Small Pharma Approved By Canadian Supreme Court

Benzinga

Short-acting psychedelics biotech Small Pharma Inc. (OTCQB: DMTTF ) has obtained a final order from the Supreme Court of British Columbia approving the announced plan of arrangement , under Division 5 of Part 9 of BC’s Business Corporations Act, by which clinical-stage biotech firm Cybin Inc. (NYSE: CYBN ) is set to acquire all the former’s issued and outstanding securities in an all-share transaction.

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WealthTech in Asia–Pacific: The next frontier in financial innovation

Mckinsey and Company

By using tech-driven solutions, WealthTechs in Asia–Pacific can unlock opportunities in the fast-growing wealth management industry to expand the system to more customers and financial institutions.

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Statement of Cash Flows vs. Cash Flow Statement

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

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Are you ready to defend your ERC claim?

Trout CPA

The IRS has announced substantial audit enforcement for Employee Retention Credit (ERC) claims. While details of who will be selected have not been disclosed, all taxpayers should actively prepare to defend their ERC claim - particularly if a third-party promotor was involved instead of an existing, trusted tax professional.

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What are the main traded sectors and who are the main trade partners of an economy?

Mckinsey and Company

The trade profile of economies constantly evolves. Explore the data to understand how the composition of exports and imports has been changing in different sectors and among trade partners over time.

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Bain Capital’s ambitions to create US-Japan chip champion in jeopardy

Financial Times M&A

Kioxia and Western Digital merger opposed by South Korean chipmaker SK Hynix

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What are the most important trade corridors?

Mckinsey and Company

Global flows travel through corridors that connect countries, shaping the global economy—from oil flows from the Middle East, to power from East Asia, to agriculture flows from the Americas to the rest of the world. Explore the data to identify the major players in the global trade network in different subsectors.

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Mastering Intent Data: Understanding its Importance & Best Practices

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.

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Davis Polk-Led Owner Of Nerds, SweeTarts Buying Jelly Belly

Law 360 M&A

Davis Polk & Wardwell LLP-led Ferrara Candy Co. said Wednesday it has agreed to acquire Foley & Lardner LLP-guided Jelly Belly Candy Co. in a deal that brings the renowned jelly bean candies together with Ferrara favorites including Nerds and SweeTarts.

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How interdependent are two economies?

Mckinsey and Company

No region is self-sufficient in today’s interconnected world. Every region relies on trade with others, both as markets and suppliers in numerous categories.

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TreeHouse Led By Blakes Cassels In J.M. Smucker Pickle Deal

Law 360 M&A

Private-label food and beverage maker TreeHouse Foods Inc., advised by Blakes Cassels & Graydon LLP, is paying roughly $20 million in cash for several brands, including Bick's pickles, owned by McCarthy Tétrault LLP-guided J.M. Smucker Co., representing the latest in a storm of deals featuring at least one of the two food giants.

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How has trade between economies evolved over time?

Mckinsey and Company

Over the past few years, leading economies have reconfigured their main trading partners. Explore for which economies and for which sectors trading partners are changing in this shifting trade landscape.

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Benchmark International Successfully Facilitated the Transaction Between Aurora Health Physics Services Ltd and RSK Group Limited

Benchmark Report

Benchmark International is delighted to announce the acquisition of Didcot-based Aurora Health by RSK. Aurora Health is a radiation detection and exposure prevention specialist providing consultancy, surveying, remediation, and decommissioning services across the nuclear, industrial, healthcare, environmental, military, oil and gas, and educational sectors.

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Which products are supplied by a small number of economies?

Mckinsey and Company

Global interconnections have created broad economic benefits, but recent supply chain disruptions have highlighted the importance of resilience.

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CVC prepares to launch IPO as early as next week

Financial Times M&A

Buyout group, which was valued €15bn in a private deal in 2021, intends to list in Amsterdam despite weak IPO markets

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Brian DeChesare

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking? Do you work or get paid less in capital markets?

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Comment on Fannie Mae Filed a Complaint Against Me by Baggins

Appraisers Blog

In reply to Eric Kretz. Thanks. Yeah, because the lowly appraisers, all these ancillary companies just scheming how to provide a service and make a buck. They’ve identified appraisers are easy sells for all this automation, because; more volume more profit. So they do what they are good at, providing automated tools. Yet all these providers themselves do not understand the bigger picture, GSE lending is government backed for the very purpose of providing access to more citizens, hence the

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Why CVC is going public now

Financial Times M&A

Plus, Bain’s attempt to create a chip champion meets roadblocks and Wall Street heralds mixed investment banking results

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Harkins and Baumer Promotions Announced

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce that David W. R. Harkins, CFA, ABV has been promoted to Vice President, and Vincent R. Baumer has been promoted to Senior Financial Analyst. David Harkins is a senior member of the firm’s Auto Dealership Industry team, and provides valuation analyses for family law, commercial litigation, gift and estate tax planning, transactions (M&A).

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SBA Loans for Manufacturing Businesses

Peak Business Valuation

Businesses in the manufacturing industry are responsible for turning raw materials into products. This can involve assembling parts or creating products through chemical processes. Manufacturing businesses can work with virtually every industry. As such, there is a high potential for growth within the manufacturing industry. This is ideal if you are looking to start, purchase , or expand a manufacturing business.

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Latest AuditBoard Innovations Accelerate Impact With Greater Efficiency

Audit Board

Each quarter, we highlight key capabilities released by AuditBoard. We’ve collected a summary of key features released in Q4 2023, with the opportunity to learn more about additional product releases in the AuditBoard Help Center. ​​​​​ Introducing AuditBoard Analytics AuditBoard® Analytics is a no-code analytics solution that empowers teams with practical, purpose-built, OOTB workflows to automate anomaly detection, control testing, and continuous monitoring for audit and SOX use cases, like id

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Xbox Head Phil Spencer Vows '100% Parity' For Call Of Duty On All Platforms Post Activision Acquisition

Benzinga

Phil Spencer , head of Xbox, has reaffirmed his commitment to maintaining "100 percent parity" for the popular Call of Duty franchise across all gaming platforms, including PlayStation and potentially Nintendo. Spencer said this during his appearance on the Official Xbox Podcast, just days after Microsoft Corporation 's (NASDAQ: MSFT ) acquisition of Activision Blizzard Inc (NASDAQ: ATVI ) the developer behind the mega-popular franchise.

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Baker Botts Adds Former White & Case, V&E Attys In Houston

Law 360 M&A

Baker Botts LLP has added a special counsel to its global projects department who rejoined the firm from White & Case LLP, as well as a special counsel to its corporate department who arrives from Vinson & Elkins LLP, the firm announced Wednesday.

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Mercer Capital Welcomes Anna M. Cole to the Team

Auto Dealer Valuation Insights

Mercer Capital welcomes Anna Cole to our team as a Financial Analyst. Ms. Cole joins our Memphis, Tennessee office. She holds a Bachelor of Arts degree in Mathematics and Economics from Rhodes College in Memphis, TN. In her capacity as a financial analyst, she provides business valuation and financial consulting services to public and private companies and financial institutions across the nation.

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Boost Your Brainstorming With These Tips During Annual Planning

Rhythm Systems

As your team gears up for Annual Planning, it’s essential for teams to engage in effective brainstorming together. Good brainstorming sparks creativity, ignites collaboration, and unleashes the power of our collective smarts.

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Harkins and Baumer Promotions Announced

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce that David W. R. Harkins, CFA, ABV has been promoted to Vice President, and Vincent R. Baumer has been promoted to Senior Financial Analyst. David Harkins is a senior member of the firm’s Auto Dealership Industry team, and provides valuation analyses for family law, commercial litigation, gift and estate tax planning, transactions (M&A).

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FCF Biotech Venture Capital Monitor – USA 09/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 09/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 09/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Technology moving at the speed of light

Avanade

GenAI discussions often center around two themes: the expanding universe of potential use cases and the universal question: “How do we get started?