Wed.May 03, 2023

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Why Your M&A Strategy Needs A Marketing Strategy

Benchmark Report

Several elements play into a successful merger or acquisition, from finance to sales and from operations to HR. Leading up to a transaction, it’s not uncommon for business owners to focus more on these elements and not the area of marketing as an important part of their M&A strategy.

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Takeover Law and Practice: Current Developments

Harvard Corporate Governance

Posted by Igor Kirman, Victor Goldfeld and Elina Tetelbaum, Wachtell Lipton Rosen & Katz, on Wednesday, May 3, 2023 Editor's Note: Igor Kirman , Victor Goldfeld , and Elina Tetelbaum are partners at Wachtell Lipton Rosen & Katz. This post is based on their Wachtell Lipton memorandum. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

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Trending Sources

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Insurer of the future: Are Asian insurers keeping up with AI advances?

Mckinsey and Company

AI’s potential for competitive advantages remains largely unrealized in the Asian insurance industry. There is a framework for success: invest in AI not discretely but across the value chain.

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Seven Gaping Holes in Our Knowledge of Corporate Governance

Harvard Corporate Governance

Posted by Brian Tayan and David F. Larcker (Stanford University) , on Wednesday, May 3, 2023 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative and David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus, at Stanford Graduate School of Business. This post is based on their recent piece. Related research from the Program on Corporate Governance includes What Matters in Corporate Governance?

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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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On the verge of a digital banking revolution in the Philippines

Mckinsey and Company

As regulators encourage new players to enter the digital financial services sector, firms that take the initiative can gain an early advantage in one of the world’s largest greenfield markets.

Banking 103
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U.S. Private Equity Firm Advent International and BCI Complete Acquisition of Maxar Technologies

Business Wire M&A

WESTMINSTER, Colo. & BOSTON & NEW YORK--(BUSINESS WIRE)--Maxar Technologies (“Maxar” or the “Company”), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that U.S. private equity firm Advent International (“Advent”), alongside minority investor British Columbia Investment Management Corporation (“BCI”), completed their acquisition of Maxar.

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KKR Buys Liquid Cooling Solutions Provider CoolIT Systems For Undisclosed Sum

Benzinga

KKR & Co Inc (NYSE: KKR ) announced the acquisition of CoolIT Systems for an undisclosed amount. CoolIT is a designer, manufacturer and provider of advanced liquid cooling solutions for the data center and desktop markets through its patented Split-Flow Direct Liquid Cooling technology. As a part of the Global Impact strategy, the acquisition will aid KKR.

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UK Launches Antitrust Probe Into Adobe's $20B Figma Deal

Law 360 M&A

Britain's antitrust authority said Wednesday that it has launched a formal probe into Adobe Inc.'s planned $20 billion takeover of design collaboration company Figma Inc. to assess whether the deal would weaken domestic competition.

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Apple Opens High Interest Savings Accounts

Global Finance

After disrupting most of the tech and digital world over the past few decades, Apple is now turning to the banking sector. The Cupertino, California-based iPhone maker recently teamed up with Goldman Sachs to launch a high-yield savings account, promising.

Banking 95
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From start-up to scale-up: Accelerating growth in construction technology

Mckinsey and Company

To achieve scale, founders, executives, and investors in construction technology need to eliminate the barriers to efficient growth. Here’s how.

Start-ups 103
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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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HSBC’s Future Is On The Line

Global Finance

Ping An Insurance of China, one of the world’s biggest insurers and a major HSBC stakeholder, has been pushing for a break-up of the Group’s Asian and UK operations.

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Jack Dorsey Has a Lot to Say, Including About Elon Musk and Twitter

NYT M&A

The Twitter co-founder has posted prolifically on two new social networks, Nostr and Bluesky, which he also backed financially.

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Investing in Canada’s future: How to get capital spending right

Mckinsey and Company

Canada’s spending decisions on capital projects and infrastructure, if successful, would set the country on a path to reduce emissions, accelerate toward net zero, and boost economic growth.

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EY Scraps Breakup Plans—For Now

Global Finance

EY, one of the “Big 4 Four” auditors, is postponing plans to split its auditing and consulting units. The firm’s global executive committee remains “committed to creating two world-class organizations that further advance audit quality, independence and client choice.” Codenamed.

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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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Full speed ahead: The automotive sector’s resilience imperative

Mckinsey and Company

Developing organizational resilience not only helps automotive and mobility companies manage and overcome the challenges they face but also drives a competitive advantage.

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Olive Garden Parent Co. Buying Ruth's Chris In $715M Deal

Law 360 M&A

Darden Restaurants Inc., the parent company of Olive Garden and others, has agreed to purchase Ruth's Chris Steak House in an all-cash transaction with an equity value of $715 million, according to a Wednesday announcement.

Equity 75
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ITT Acquires Micro-Mode Products, Leading Provider of Highly Engineered Connectors for Harsh Environment Defense and Space Applications

Business Wire M&A

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced the acquisition of privately held Micro-Mode Products, Inc. for approximately $80 million, which closed on May 2.

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Neko Sparks Looks To Strengthen Bid For NHL's Senators

Law 360 M&A

Los Angeles-based film producer Neko Sparks has retained professional services firm TAAG as he looks to strengthen his bid to buy the National Hockey League's Ottawa Senators, saying bringing in the Ottawa-based firm will ensure that "Canada ownership and community focus remain anchors" for the team's future.

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Pushing Buttons: Why the Microsoft-Activision Blizzard merger is a fight over the future of games

The Guardian M&A

In this week’s newsletter: A UK regulator blocked a $70bn acquisition last week not because of any threat now, but over worries about a future monopoly Don’t get Pushing Buttons delivered to your inbox? Sign up here As is now tradition, an enormous piece of gaming news landed right after last week’s Pushing Buttons went out to readers: Microsoft’s huge $70bn purchase of Call of Duty, World of Warcraft and Candy Crush owner Activision Blizzard, a deal that has been in the works since January last

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Option Care Health To Merge With Amedisys In $3.6B Deal

Law 360 M&A

Kirkland & Ellis LLP and McDermott Will & Emery-led Option Care Health and Amedisys Inc., guided by Paul Weiss Rifkind Wharton & Garrison LLP, have agreed to merge in a $3.6 billion deal which will blend the companies' complementary health care businesses and better serve patients, according to an announcement Wednesday.

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The Dividend Discount Model (DDM): The Black Sheep of Valuation?

Brian DeChesare

When I started offering financial modeling training , I never expected to get questions about a methodology like the Dividend Discount Model (DDM). It’s not a likely interview topic, and it goes against my normal advice to focus on the core concepts , learn them very well, and skip the bells and whistles. But people who aim for investment banking roles are very much into those bells and whistles, so questions about the DDM and other “exotic” methodologies began rolling in.

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Private Equity’s Dry Powder

Global Finance

PE firms are attempting to navigate a barren M&A landscape, with trillions in capital ready to deploy. But where?

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Leading through change: An interview with Allegra van Hövell-Patrizi

Mckinsey and Company

At Aegon the Netherlands, Allegra van Hövell-Patrizi taps into several key skills to carry her team through transformations.

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Softbank Continues Arm Wrestle

Global Finance

To help beef up Arm’s potential earnings ahead of an IPO, Softbank appears to be tinkering with Arm’s unique selling point.

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UK opens probe into $20bn bid by Adobe for Figma

Financial Times M&A

CMA is first regulator to announce review into proposed takeover of design software company

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Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

ThomsonReuters

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit. Earned wage access According to the Treasury, employers and third-party payors increasingly allow employees to receive payment of earned wages before their regularly scheduled pay dates.

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The war over CEO pay in the UK

Financial Times M&A

Plus, Harvey Schwartz brings his Wall Street chops to private equity and Apollo rolls the dice on Lottomatica

Equity 79
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Comment on New URAR Redesign Spec Released by Baggins

Appraisers Blog

In reply to Chuck Minzenberger, SRA. How does that process occur, if printing out the form on paper? Disappearing pages like Houdini? Where did the net/gross indicators go?

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Janus Henderson inflows! INFLOWS!!!

Financial Times M&A

I seen a peanut stand, heard a rubber band, I seen a needle that winked its eye.

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Comment on Disparate Treatment and Impact in USPAP by Baggins

Appraisers Blog

In reply to Eric Kretz. Interesting, Eric, interesting. Well, if we’re going to incorporate these terms into the ethics book, it’s best to know the full details. DOJ on disparate impact. [link] And we’re back to the ‘nature of harm’ consideration. Where if appraisers over valued peoples houses for unrealistic numbers they could not actually sell for in the free market, that may be actually passing the three judicial consideration tests of intentional disparate treat

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The Lex Newsletter: Italy puts a new spin on national security 

Financial Times M&A

Giorgia Meloni appears determined to stretch domestic rules to justify a more active stance on business

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Halftime Adjustments: Mid-Year Planning is Critical in 2023

Rhythm Systems

Think back to the fall when most of you created your plans and goals for the year. There was so much uncertainty about whether the economy was going into a recession, would the supply chain improve, or would world and social events impact your business.

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Haynes Boone Adds Two New Texas Partners To Its Ranks

Law 360 M&A

Haynes and Boone LLP said Wednesday it has expanded its labor and employment practice group with the addition of a new partner in Houston, just two days after announcing it had added a transactional partner to its Dallas office.

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Magenta Sets Up Dianthus Merger After Stopping Blood Cancer Trial Due To Patient Death

Benzinga

Magenta Therapeutics Inc (NASDAQ: MGTA ) and privately-held Dianthus Therapeutics Inc have announced to merge in an all-stock transaction. The combined company will focus on advancing Dianthus' pipeline of next-generation complement inhibitors, including DNTH103, currently in Phase 1 trial. Upon completion of the merger, the combined company is expected to operate under the name Dianthus Therapeutics Inc and trade on the Nasdaq under the ticker symbol DNTH.

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