Harvard Corporate Governance

JUNE 2, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 2, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 26-June 1, 2023 Modernization of Beneficial Ownership Reporting Rule Proposal Posted by Jonathan H. Gaines, David S. Rosenthal, and Christopher Soares, Dechert LLP, on Friday, May 26, 2023 Tags: Beneficial owners , Disclosure , Monetary policy , Risk , SEC enforcement , Securities Exchange Act of 1934

Equity 217

Equity 217

Viking Mergers

JUNE 2, 2023

Why do people say cash is king when selling a business? And what does it really mean? “Cash is king” in the context of selling a business emphasizes the importance of cash flow and liquidity in determining the value and attractiveness of the company to potential buyers. Here are a few key reasons why cash is king when selling a business: 1.

Finance 130

Finance Business Valuation Marketability 130

Harvard Corporate Governance

JUNE 2, 2023

Posted by Olivia Knight, As You Sow, on Friday, June 2, 2023 Editor's Note: Olivia Knight leads As You Sow’s Racial Justice Initiative. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility?

Equity 177

Equity 177

Mckinsey and Company

JUNE 2, 2023

A new McKinsey report reveals how organizations are faring in a post-COVID-19 world. Here, two of its coauthors offer suggestions for managing through the uncertainty.

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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

Harvard Corporate Governance

JUNE 2, 2023

Posted by Heidi Welsh, Sustainable Investment Institute, on Friday, June 2, 2023 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute. This post is based on the Proxy Preview report, an annual collaboration between the Sustainable Investments Institute, Proxy Impact, and As You Sow. This post includes the executive summary and overview sections from Proxy Preview report, an annual collaboration between the Sustainable Investments Institute (Si2), Proxy Im

Marketability 130

Marketability Equity 130

Financial Times M&A

JUNE 2, 2023

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

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144

Benchmark Report

JUNE 2, 2023

Vertical Integration Vertical integration is a strategy that involves a company expanding its operations into other stages of its supply chain. This means that a company takes control of its suppliers, distributors, or both. Vertical integration can be achieved in two ways, either through backward integration or forward integration.

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102

Mckinsey and Company

JUNE 2, 2023

As founder and CEO of PT Rimba Makmur Utama, Dharsono Hartono was early to carbon financing. He says building trust, social capital, and community buy-in are critical for success.

Finance 101

Finance 101

Law 360 M&A

JUNE 2, 2023

Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

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Mckinsey and Company

JUNE 2, 2023

The forces of fragmentation require a new global IT architecture and operating model that is modular, standardized, and configurable to support local differentiation.

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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

Machen McChesney

JUNE 2, 2023

Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer's size, industry, staffing, and operational needs. In some industries, such as service, it's not uncommon for payroll to encompass up to 50% of revenue. For other industries, such as manufacturing and food and beverage, it usually takes up no more than 20% to 30%.

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Law 360 M&A

JUNE 2, 2023

Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

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Benzinga

JUNE 2, 2023

Expected to accelerate American Battery Materials' transition into a leading provider of domestically sourced Lithium critical to the global energy transition ABM is focused on environmentally friendly direct lithium extraction (DLE) that is more cost-effective, faster-to-production, and less capital intensive versus traditional mining processes Estimated Post-Transaction Enterprise Value of $225 Million Upon closing, the combined company's ordinary shares are expected to be listed on N

Enterprise Value 98

Enterprise Value Market Capitalization Banking Marketability 98

Law 360 M&A

JUNE 2, 2023

The past week in London has seen law firm Jones Day hit the crude oil trading companies it represented in a fraud trial with a breach of contract claim, offshore company Global Fixed Income Fund sue accountants Grant Thornton, and broadcasting giant Sky sue rival broadband providers BT, EE, Plusnet, Virgin Media and TalkTalk. Here, Law360 looks at these and other new claims in the U.K.

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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

Benzinga

JUNE 2, 2023

TORONTO, June 02, 2023 (GLOBE NEWSWIRE) -- BlueCat Networks, a leading provider of mission-critical network and cloud infrastructure software for reliable and secure DNS, DHCP, and IP address management (collectively known as DDI), announced today that it has acquired Indeni. Moelis & Company acted as financial advisors to BlueCat. Financial terms were not disclosed, and the deal is subject to regulatory approval.

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Law 360 M&A

JUNE 2, 2023

The Eighth Circuit has backed a lower court's decision to toss a contract breach suit against medical device manufacturer LivaNova over the development of a heart valve therapy, arguing that the device maker was not obligated to keep the project going after LivaNova took ownership of the project in a 2017 acquisition.

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Financial Times M&A

JUNE 2, 2023

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

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Law 360 M&A

JUNE 2, 2023

Kustom Entertainment Inc. will go public by merging with blank-check company Clover Leaf Capital Corp., in a deal guided by Sullivan & Worcester and Ellenoff Grossman that gives the event marketing and live entertainment organizer a post-transaction value of $222 million and allows it to become a standalone business, according to a Friday announcement.

Marketability 75

Marketability 75

Appraisers Blog

JUNE 2, 2023

In reply to ray. Listen, I know my posts are long and annoying, time consuming to read through with all the links and rich informational sources. I continue to believe that if more people were better educated on this industries history and trajectory, positive change can happen. I don’t care if it’s a one liner or a dissertation, every appraiser whom chooses to participate is much appreciated.

Appraisal 59

Appraisal 59

Mckinsey and Company

JUNE 2, 2023

Working capital has become more important. Organizations could optimize it through their payables, receivables, and inventory.

Corporate Finance 75

Corporate Finance Finance 75

Appraisers Blog

JUNE 2, 2023

In reply to Don Orttenburger. That guy is a troll that probably retired long before AMC”S poisoned the well. Gotta love those backseat driver opinions.

Appraisal 59

Appraisal 59

NYT M&A

JUNE 2, 2023

With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates.

Mergers & Acquisitions 65

Mergers & Acquisitions 65

Accountancy Today

JUNE 2, 2023

Azets has revealed it was instructed by VesselsValue to advise on its sale to Veson Nautical for an undisclosed sum. Founded in 2011, VesselsValue provides a market leading online platform for ship valuations, market analysis and insights utilising a dataset of more than 81,500 vessels. Wilsons Solicitors LLP also advised VesselsValue on the sale. The multi-disciplinary team at Wilsons Solicitors LLP was led by James Johnson, partner, and head of Corporate, with support from specialists from acr

Corporate Finance 52

Corporate Finance Finance Banking Marketability 52

LaPorte

JUNE 2, 2023

Hospitals with tax-exempt status face legislative scrutiny as Congress discusses the value of the tax-exemption benefit received by nonprofit hospitals. The post Risk of losing tax-exempt status could be disruption for many nonprofit hospitals first appeared on LaPorte.

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Exit Strategy

JUNE 2, 2023

So, you’re ready to sell your business. You have an M&A advisor helping you, your numbers are in order, and you’re feeling confident. But did you know that only half of businesses will successfully sell—and that’s with a qualified advisor? For years, member advisors of the International Business Brokers Association and the M&A Source have […] The post Selling your business should not be a 50/50 coin flip appeared first on Exit Strategies Group, Inc.

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Law 360 M&A

JUNE 2, 2023

GAMCO Asset Management Inc., a shareholder of Telephone and Data Systems Inc., sent a letter to the president and CEO of the telecommunications company on Friday saying it was considering nominating directors to its board at the next shareholder meeting in light of "extraordinarily poor performance.

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Audit Board

JUNE 2, 2023

Controls testing and evidence collection can be burdensome not only for compliance and audit professionals, but also for the stakeholders they engage with. Teams can save time, improve consistency, and move closer to real-time results by designing automations to perform testing or collect evidence. AuditBoard’s InfoSec Survival Guide: Achieving Continuous Compliance , explores what compliance professionals should consider when approaching automation.

Technology 52

Technology Compliance Start-ups 52

Peak Business Valuation

JUNE 2, 2023

Equipment appraisals are an important part of running a construction business. Whether you’re buying or selling equipment, or looking to expand your operations , having an accurate valuation of your equipment is crucial for making informed decisions. This is where a construction equipment appraisal comes in. A construction equipment appraisal is a comprehensive valuation of your construction equipment, which takes into account a range of factors such as age, condition, usage, and market d

Appraisal 52

Appraisal Fair Market Value Business Valuation Finance 52

Benzinga

JUNE 2, 2023

Dechra Pharmaceuticals PLC (OTC: DPHAY ) agreed to a takeover offer by Swedish Private Equity EQT for £4.5 billion. The acquisition price represents 44% premium to Dechra'a closing price as on April 12, 2023. As per the terms, Dechra shareholders will receive 3,875 pence in cash for each share held. This is lower than the 4,070 pence, which was.

Equity 52

Equity Marketability 52

Peak Business Valuation

JUNE 2, 2023

When valuing a pharmacy , it’s important to understand the industry. The pharmacy industry is experiencing a 3.80% growth rate. The industry is looking to grow as the number of individuals over the age of 65 increases. In the upcoming years, the pharmacy industry will grow to expand even more. The industry benefited from recent vaccines, such as the COVID-19 vaccine.

Business Valuation 52

Business Valuation Appraisal Fair Market Value Marketability 52

Benzinga

JUNE 2, 2023

Additive manufacturing solutions provider 3D Systems Corp (NYSE: DDD ) confirmed its submission of a proposal to combine with Stratasys Ltd (NASDAQ: SSYS ). The cash and stock merger would convert each Stratasys share into $7.50 in cash and 1.2507 newly issued shares of 3D Systems. The combination would lead to Stratasys shareholders owning 40% of the combined company and receiving about $540 million in cash.

Equity 52

Equity Marketability 52

Benchmark Report

JUNE 2, 2023

Benchmark International is pleased to announce the acquisition of electrical infrastructure specialists, Poise Group, by the BRUSH Group. Rajic Agrawal, director at Poise Group, said this about working with Benchmark International: “What an amazing and professional group of people Benchmark have. This was my first time selling a company and without Benchmark we couldn't have done what we did.

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Benzinga

JUNE 2, 2023

MarineMax, Inc. (NYSE: HZO ) announced the acquisition of C&C Boat Works , a full-service boat dealer in Crosslake, Minnesota. Deal terms not disclosed. MarineMax now has five facilities in Minnesota as a result of this transaction. C&C Boat Works has been providing customer service and top brands. Full story available on Benzinga.

Equity 52

Equity Marketability 52

ThomsonReuters

JUNE 2, 2023

A little more than a week before the IRS issued a revised version of Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund), and its instructions , the IRS reported that there are nearly 1 million unprocessed amended employment tax returns. Employers use Form 941-X to correct errors on a previously filed Form 941 for incorrectly reported wages, tips, and other compensation; income tax withheld from wages, tips, and other compensation; taxable Social Security w

Treasury 52

Treasury 52