Tue.Aug 08, 2023

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IFRS Releases New Global Sustainability Disclosure Standards

Harvard Corporate Governance

Posted by David Lopez, Francesca Odell, and Tamrin Ballon, Cleary Gottlieb Steen & Hamilton LLP, on Tuesday, August 8, 2023 Editor's Note: David Lopez and Francesca Odell are Partners and Tamrin Ballon is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary Gottlieb memorandum by Mr. Lopez, Ms. Odell, Ms. Ballon, and Jorge U.

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Geopolitical resilience: The new board imperative

Mckinsey and Company

Geopolitical risk is at the top of the CEO agenda. Board members can help by sharpening their understanding of the geopolitical context, monitoring developments, and exercising oversight over the controls to mitigate these risks.

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Testimony at the Subcommittee on Capital Markets Hearing: “Reforming the Proxy Process to Safeguard Investor Interests”

Harvard Corporate Governance

Posted by Chris Netram, National Association of Manufacturers, on Tuesday, August 8, 2023 Editor's Note: Chris Netram is the Managing Vice President of Policy at the National Association of Manufacturers. This post is based on his testimony. The NAM is the largest manufacturing association in the United States, representing nearly 14,000 manufacturers of all sizes and in every industrial sector.

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Safeguard your legacy by avoiding these 8 estate planning pitfalls

LaPorte

(authored by RSM US LLP) Estate planning tips to help you avoid common pitfalls and safeguard your wealth and legacy. The post Safeguard your legacy by avoiding these 8 estate planning pitfalls first appeared on LaPorte.

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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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Index Providers: Whales Behind the Scenes of ETFs

Harvard Corporate Governance

Posted by Yu An (Johns Hopkins University), Matteo Benetton (University of California, Berkeley), and Yang Song (University of Washington), on Tuesday, August 8, 2023 Editor's Note: Yu An is an Assistant Professor of Finance at Johns Hopkins University, Matteo Benetton is an Assistant Professor of Finance at the University of California, Berkeley, and Yang Song is an Associate Professor of Finance at the University of Washington.

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Penn Buys $1.5B ESPN Bet Rights, Backs Out Of Barstool

Law 360 M&A

ESPN Inc. and its affiliates have signed an exclusive 10-year online sports betting agreement with Wachtell Lipton-led Penn Entertainment Inc. that will see Penn relaunch its online Barstool Sportsbook as ESPN Bet, while selling Barstool Sports back to its founder, David Portnoy, according to statements issued Tuesday.

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More Trending

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Comment on AMC Hires a Convicted Felon as Property Data Collector by Baggins

Appraisers Blog

Attention. I have the cherry on top to this entire story. [link] Holy smokes! This is the cherry on top for the PAREA program as well as the PDC program. And you know, anyone with an ounce of pc and photoshop related skills can and do create similar documents at home for themselves, unbeknownst to anyone else, unless they are identified individually. _ The business advertised its products as theatrical props, educational tools and good material for playing a joke.

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From product-led growth to product-led sales: Beyond the PLG hype

Mckinsey and Company

It’s touted as a panacea for tech companies, but a product-led growth strategy often has to be complemented by elements of a more traditional enterprise model to succeed.

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New Zealand Antitrust Arm Clears Microsoft-Activision Deal

Law 360 M&A

New Zealand's Commerce Commission, the country's regulatory body on competition, said on Tuesday that it had given Microsoft clearance to acquire video game company Activision Blizzard, though the $68.7 billion deal is still under scrutiny in the U.S. and U.K.

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Five key action areas to put Europe’s energy transition on a more orderly path

Mckinsey and Company

To fulfill its ambitious net-zero agenda, the European Union would need to significantly increase the speed and scale of the transition while ensuring affordability, security, and growth.

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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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Quarles & Brady Guides Molson Coors' 1st Liquor Purchase

Law 360 M&A

Quarles & Brady LLP of Milwaukee has guided Molson Coors Beverage Co. on a new agreement to acquire Blue Run Spirits, marking the beer brewer's first-ever spirits acquisition, according to a statement from Molson Coors and Blue Run on Tuesday.

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Reporting UTPs on Your Financial Statements

Machen McChesney

It can be difficult for business owners to navigate the tax code and monitor tax law developments. One area of special concern is financial reporting for uncertain tax positions (UTPs). Here’s some insight to help clarify matters.

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In-Office Engagement Is Essential To Associate Development

Law 360 M&A

As law firms develop return-to-office policies that allow hybrid work arrangements, they should incorporate the specific types of in-person engagement likely to help associates develop attributes common among successful firm leaders, says Liisa Thomas at Sheppard Mullin.

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Comment on Beware of Bifurcated Appraisals by Baggins

Appraisers Blog

[link] The hits keep on coming. Automatic valuation models utilized by county assessors. Fail rates for improperly inflated valuations identified as one in three in some areas, and two in three in other areas. Let that sink in, only one third of the avm results were even remotely accurate in rural locations, and a third to half of all other avm’s were not accurate in semi rural.

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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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ADT Selling Commercial Unit To PE Firm GTCR For $1.6B

Law 360 M&A

Cravath-led ADT Inc. said Tuesday it has agreed to sell its commercial security, fire and life safety business for $1.6 billion to Chicago-based private equity firm GTCR.

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Comment on Fighting for Consumer Protection & the Appraisal Industry by Baggins

Appraisers Blog

Attention. I have the cherry on top. [link] Holy smokes! And you know, anyone with an ounce of pc and photoshop related skills can and do create similar documents at home for themselves, unbeknownst to anyone else, unless they are identified individually. _ The business advertised its products as theatrical props, educational tools and good material for playing a joke.

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Disney’s ESPN moves into US sports betting with $2bn Penn deal

Financial Times M&A

Cable network agrees tie-up with casino and online gambling group that displaces Dave Portnoy’s Barstool Sportsbook

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Comment on Isn’t that Just PAVEY! PAVE Response and Marcia Fudge by Baggins

Appraisers Blog

I asked admin for post above to be removed, just covered that all before. Found yet another gem free reading news today. Oh the miracles of the internet. Who really wants to help the poor? Article on real world results of subsidized housing.

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Enterprise Risk Management (ERM) Fundamentals

Audit Board

Enterprise risk management is a methodology of risk management, taking a top-down approach to the risk management process, and taking into account the organization and senior management’s business objectives and strategic objectives. ERM integrates traditional risk management strategies, internal controls best practices, and otherwise siloed risk activities, giving stakeholders a deeper view of the company’s risk profile.

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Tax complexities don’t have to offset the benefits of open-end real estate funds

LaPorte

(authored by RSM US LLP) Explaining the tax complexities associated with open-end real estate funds and how advanced digital applications can handle them. The post Tax complexities don’t have to offset the benefits of open-end real estate funds first appeared on LaPorte.

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Buying an HVAC Company With an SBA Loan

Peak Business Valuation

Buying an HVAC company is a great opportunity. However, it can be financially demanding. An SBA loan for an HVAC company can make a significant difference and help you achieve your ambitions. In this article, we show you how to buy an HVAC company with an SBA loan. We love sharing our expertise to ensure your success in acquiring and growing an HVAC business.

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ADT Beats Q2 Earnings Estimates, Sells Commercial Business For $1.6B To Curb Debts

Benzinga

ADT Inc. (NYSE: ADT ) reported a second-quarter (Q2) 2023 sales decline of 0.5% year-on-year to $1.59 billion, missing the consensus of $1.65 billion. Adjusted EPS of $0.16 beat the consensus of $0.06. The end-of-period recurring monthly revenue (RMR) of $382 million rose 4% Y/Y. Trailing 12-month gross customer revenue attrition was 12.5%, a 20-basis-point improvement versus the prior year period.

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What is Business Valuation? Why & When You Need One

GCF Value

Steve Mize, ASA Business Valuations are critical for sale, transition, and business planning. If you’re in one of these dynamic time periods in your own business, you may be left with the question, “What is business valuation?” Put plainly, a business valuation is the value that has been determined by an accredited appraiser of the ownership of a business.

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Molson Coors Beverage Acquires Whiskey Producer Blue Run Spirits, Marking It First Spirits Acquisition

Benzinga

Molson Coors Beverage Company (NYSE: TAP ) has reached an agreement to acquire a producer of bourbon and rye whiskies, Blue Run Spirits for an unknown sum. The deal is expected to broaden Molson Coors' evolution as a total beverage company, away from its history as just a beer company, and will provide Blue Run with growth resources. The acquisition will more than double the size.

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Benchmark International Facilitated The Transaction Between TDS Erectors Inc, (DBA. TDS Erectors & Crane Service) And Capital Extension Crane & Lift

Benchmark Report

Benchmark International is pleased to announce the transaction between TDS Erectors, Inc. and Capital Extension Crane & Lift. The transaction represents a strategic expansion for Capital Extension as they look to achieve scale through acquisitions.

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Transcat Bolsters Its High Margin Rental Business Via Acquisition Of Axiom For $38M

Benzinga

Transcat Inc (NASDAQ: TRNS ) has acquired all of the capital stock of privately-held Axiom Test Equipment, Inc , effective August 8, 2023. The company paid the $38 million purchase price through a combination of $28 million in company stock and $10 million in cash. Axiom is a rental provider of Electronic Test Equipment to customers across the U.S. The company has 26 employees and is headquartered just outside of.

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How To Measure Your Business’s Long-Term Growth

Benchmark Report

It is essential to know how to correctly measure the long-term growth of your business because it is a key factor in determining an accurate company valuation , which determines how much money you can make in the sale or merger of your business.

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Carlyle Takes Significant Minority Stake In Singapore-Based Engineering Services Firm Quest Global

Benzinga

The Carlyle Group Inc (NASDAQ: CG ) inked a definitive deal to acquire a significant minority stake in Quest Global for an undisclosed amount. As part of the deal, the current investors Bain Capital and Advent International will leave, Quest Global will repurchase own shares and Ajit Prabhu, Chairman and CEO of Quest Global, will buy an additional interest in the company.

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Abu Dhabi oil giant builds internal ‘investment bank’ to chase $50bn in global deals

Financial Times M&A

Adnoc amasses 50-strong team as UAE state oil group seeks to diversify business and expand overseas

Banking 75
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KKR Gets Price Target Bump Following Q2 Earnings & Acquisition Deal

Benzinga

Many analysts raised the price target of KKR & Co Inc (NYSE: KKR ) following the Q2 FY23 results and acquisition deal reported yesterday. Revenues of $3.63 billion came significantly higher than $323.4 million a year ago, and after-tax adjusted distributable EPS of $0.73, down 23% Y/Y, beat the consensus of $0.71. Apart from this, the company disclosed the buyout of Simon & Schuster from Paramount Global (NASDAQ: PARA ) (NASDAQ: PARAA ) for $1.62 billion in an all-cash deal.

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Comment on The Nightmarish End of Home Appraisals by Fitz Turner

Appraisers Blog

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers will find synonyms.

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What's Going On With Dish Stock Tuesday?

Benzinga

EchoStar Corp (NASDAQ: SATS ) agreed to merge with DISH Network Corp (NASDAQ: DISH ) to build a nationwide wireless network in an all-stock merger at a fixed exchange ratio. EchoStar stockholders will receive 2.85 shares of DISH Network Class A common stock for each share of EchoStar Class A, Class C, or Class D common stock and 2.85 shares of DISH Network Class B common stock for each share of EchoStar Corporation Class B common stock.

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The Gulf oil company chasing $50bn in deals

Financial Times M&A

Plus, Italy’s rightwing government hits domestic banks with a surprise tax and Diageo’s liquor deal with Diddy turns sour

Banking 65
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PENN Entertainment Stock Soars On ESPN Deal, Selling Barstool Sports Back To Dave Portnoy: The Details

Benzinga

PENN Entertainment Inc (NASDAQ: PENN ) shares are rising after the close on Tuesday on the heels of a deal with Walt Disney Co's (NASDAQ: DIS ) ESPN. What Happened: Penn Entertainment entered into an exclusive U.S. online sports betting agreement with ESPN. As part of the deal, Penn has secured exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term which may be extended for an additional 10 years upon mutual agreement.

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