Fri.Feb 16, 2024

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Approaching Shareholder Engagement in 2024

Harvard Corporate Governance

Posted by Doug Schnell, Sebastian Alsheimer and Daniyal Iqbal, Wilson Sonsini Goodrich & Rosati, on Friday, February 16, 2024 Editor's Note: Doug Schnell and Sebastian Alsheimer are Partners, and Daniyal Iqbal is an Associate at Wilson Sonsini Goodrich & Rosati. This post is based on a WSGR memorandum by Mr. Schnell, Mr. Alsheimer, Mr. Iqbal, and Richard Blake.

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McKinsey insurance leadership on 2024 trends and innovations

Mckinsey and Company

As insurance executives plan for the new year, what’s top of mind? What areas are ripe for innovation? McKinsey Senior Partners Jörg Mußhoff and Fritz Nauck discuss these and other topics.

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Trending Sources

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Off The Bench: NHL Antitrust, Daily Fantasy Dread, ESPN Bet

Law 360 M&A

In this week's Off the Bench, the NHL faces allegations of a vast, exploitative antitrust scheme, daily fantasy operators continue facing heat from state regulators, and New York gets a new sports betting player as ESPN Bet hits the Empire State.

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Generative AI in finance: Finding the way to faster, deeper insights

Mckinsey and Company

Generative AI technologies can automate time-consuming tasks for finance professionals, but can they be trusted to give the right answers?

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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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5 ways technology can strengthen a corporate tax team

ThomsonReuters

Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0 Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations.

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Consumers: Spending more to buy less

Mckinsey and Company

US consumers are purchasing fewer items across categories, reflecting subtle shifts in shopping behavior with meaningful consequences for consumer-packaged-goods players.

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More Trending

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Author Talks: Andrew McAfee on how a ‘geek’ mindset can transform your business

Mckinsey and Company

Too often, business initiatives get mired in bureaucracy, overconfidence, and lack of ownership. Massachusetts Institute of Technology's Andrew McAfee explores reasons for the dysfunction—and how to fix it.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

News broke last week that Delaware's Court of Chancery will say goodbye to its current longest-serving jurist, a development that quickly overshadowed a busy week of new merger and board disputes, fee rulings, settlements, and books-and-records demands.

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Comment on Let’s All Build the Gallows Together by Retired Appraiser

Appraisers Blog

In reply to Baggins. Getting my 1 order per year is a breeze. Just bid $99 with an AMC. Getting recertified is even easier…my state just wants your money and proof that you were once an appraiser. No luck required.

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RedBird IMI agrees £1.15bn deal for TV and film producer All3Media

Financial Times M&A

Investment group beats several other suitors including Sony for maker of ‘Squid Game: The Challenge’ and ‘Fleabag’

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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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Comment on Let’s All Build the Gallows Together by Mark S. Davis

Appraisers Blog

In reply to Baggins. Boom! As usual, Baggins, you get to the heart of the matter while grasping the big picture. Other than cookie cutter assignments where an appraiser has already inspected the subdivision, neighborhood, and surrounding area, including recently constructed similar models, these type assignments are undermining basic appraisal due diligence and competent information gathering for credible results.

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Morrison Cohen Vet Joins BakerHostetler's Growing Biz Team

Law 360 M&A

BakerHostetler has hired a former Morrison Cohen LLP veteran deals attorney in New York, marking the latest addition to its business practice group, Law360 Pulse learned on Friday.

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Mark S. Davis. Thanks. Jeremy Bagott just pushed an article today detailing the same thing, just about. DEI may mean one thing in terms of ‘the movement for equality’ through general society. But put that capability to offer special financing and special terms into the hands of GSE people and lenders, what comes out the other side is simply a repeat of predatory lending practices, at an even larger scale, with even less oversight.

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How a Quality of Earnings Analysis Benefits Auto Dealership Buyers

Auto Dealer Valuation Insights

As our readers know, the auto dealer transaction space has been white hot for the last several years. What else could impact transactions in 2024? After sitting on the sidelines for much of 2022 and 2023, the prospect of Fed rate cuts may lure even more buyers back onto the field in 2024. And if deal activity continues to be hot, due diligence will be as critical to buyers as ever.

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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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Biotech Royalty Aggregator XOMA To Acquire Small Cancer-Drug Developer Kinnate Biopharma

Benzinga

Friday, XOMA Corporation (NASDAQ: XOMA ) agreed to acquire Kinnate Biopharma Inc (NASDAQ: KNTE ) for a base cash price of $2.3352 per share and an additional cash amount of not more than $0.2527 per share plus a non-transferable contingent value right (CVR). Kinnate Biopharma is a clinical-stage precision oncology company focused on developing cancer-targeted therapies.

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Benchmark International Successfully Facilitated the Transaction Between Kengelmann Technik and Handtmann Group

Benchmark Report

Kegelmann, manufacturer of prototypes, series, and assemblies, has been acquired by leading manufacturer of machines and systems, Handtmann in a deal facilitated by Benchmark International.

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Paramount And Comcast Plot Streaming Shake-Up, Mulling Joint Venture Magic

Benzinga

Paramount Global (NASDAQ: PARA ) is reportedly in talks with Comcast Corporation (NASDAQ: CMCSA ) regarding a potential collaboration in the streaming space. Paramount’s flagship service features popular content like “Star Trek” and original productions such as “1883,” while Comcast’s Peacock is known for live sports and original shows like “Poker Face.” Citing sources familiar with the matter, the Wall Street Journal reveals that discussions i

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[PARAMETERS UPDATE P5.8] EBITDA MULTIPLES

Equidam

You can refer to the table below to see how the EBITDA multiples for the industries available on the Equidam platform will change on February 29th, 2024. These are applied to compute the Terminal value in the DCF method with Multiple and the potential exit value in the VC method. The data is based on the early 2024 estimate, published annually by Prof.

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Comment on Let’s All Build the Gallows Together by D

Appraisers Blog

Fannie & Freddie have issued a clarion call to all appraisers to pitch in & help build the gallows from which they will hang us all in 2025.

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Telegraph suitor to buy Traitors and Fleabag maker All3Media for £1.15bn

The Guardian M&A

RedBird IMI, which is majority-owned by the UAE vice-president, has invested in five media firms since its launch a year ago The Abu Dhabi-backed company that is trying to take over the Telegraph newspapers has announced a £1.15bn deal to buy the production company behind Fleabag and the Traitors. Under the deal, RedBird IMI, which is headed by the former CNN president Jeff Zucker, will take over London-based All3Media with the agreement of its owners Warner Bros, Discovery and Liberty Global.

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

Fannie & Freddie have issued a clarion call to all appraisers to pitch in & help build the gallows from which they will hang us all in 2025.

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4 key considerations for a secure cloud migration

LaPorte

(authored by RSM US LLP) Expert data security guidance to help midsized firms plan cloud migration and modernization efforts that reduce risk and maximize value. The post 4 key considerations for a secure cloud migration first appeared on LaPorte.

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Comment on The Sales Agents Derailed This Deal! by Realist

Appraisers Blog

As I stated in past posts, I only do narrative reports. Referring to Baggins above, each of my comp. write ups include the initial list price, the final list price, days on the market including the listings history (all relisting as well), sales price to list price ratio. Additionally I include the assessor’s land value estimate at the time of the sale.

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Oat Milk Co. Settles Greenwashing Investor Suit For $9.25M

Law 360 M&A

Investors suing Swedish alternative milk manufacturer Oatly asked a New York federal judge Friday to preliminarily approve a $9.25 million deal to settle claims that the company pitched its business as more environmentally friendly than it is.

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Comment on The Sales Agents Derailed This Deal! by Joseph

Appraisers Blog

The AI and their so called USPAP, or as I call the newest version uspoop is just that; fertilizer…it’s hilarious that no one in the property listing/selling/mortgage/lending process gets called out for inproprieties (spelled wrong) the way appraisers do, it’s been going on ever since 2008 and will continue until all of us either retire or give up out of frustration.

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Wyndham CEO Reports 'Expansive' FTC Query Into Takeover

Law 360 M&A

Wyndham Hotels and Resorts says that the Federal Trade Commission's "expansive" request for more information has "only increased" its concerns about the wisdom of Choice Hotels International's attempt to buy out the company without the board's blessing.

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Comment on The Sales Agents Derailed This Deal! by Baggins

Appraisers Blog

In reply to Garth. Thanks. Here is a fun appraisal reporting exercise; Detail the initial list price, then the final list price, then the actual sales price, of subject and all selected comps. Watch the numbers drop. Or as we observed in the covid years with increased ‘value acceptance waivers’, aka; no full service appraisal required; non stop price inflation which led to more non stop price inflation.

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Cavco Exec's Insider Trading Case Paused Pending SEC Deal

Law 360 M&A

An Arizona federal judge on Friday paused the U.S. Securities and Exchange Commission's insider trading case against a former executive from modular home manufacturer Cavco Industries Inc. after the two sides reached a settlement in principle on the agency's 2017 claims.

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Reconciling Real-World RIA Transactions with Fair Market Value

Auto Dealer Valuation Insights

The value of asset and wealth management firms depends very much on context. In the valuation community, we refer to the context in which the firm is being valued as the “standard of value.” A standard of value imagines and abstracts the circumstances giving rise to a particular transaction.

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Chamberlain Hrdlicka Adds Corporate Attorney In Philly

Law 360 M&A

A seasoned transactions attorney has returned to private practice after more than 10 years as in-house counsel and joined Chamberlain Hrdlicka White Williams & Aughtry's Philadelphia office.

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Gabon Oil Company Goes Big: Preempts $1.3B Assala Sale

Benzinga

Gabonese national oil company, Gabon Oil Company , stated its plan to buy The Carlyle Group Inc’s (NASDAQ: CG ) Assala Energy. The move follows the usage of the company’s right to preempt the sale of the business for $1.3 billion to the French energy company Maurel & Prom, according to Reuters. In August, Maurel & Full story available on Benzinga.

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FTC Seeing Success After Merger Setbacks

Law 360 M&A

After the Federal Trade Commission suffered stinging setbacks in challenges to deals by Meta Platforms Inc. and Microsoft, the agency has started to turn things around with several transactions dropped in the face of challenges and a pair of court rulings reinforcing its approach to merger enforcement.

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All You Need to Know on Plant and Machinery Valuation and Verification

RNC

Plant and machinery valuation is a crucial process overseen by seasoned professionals like those at RNC , designed to assess the worth of your assets. If your business depends a lot on tools, machinery, or small or large equipment, then you probably know how crucial it is to find the proper value of your assets. Whether it is for financial reporting following specific accounting standards, like IndAS and IFRS, or for things like merging with another company, dealing with taxes, or meeting regula

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Carl Icahn, JetBlue Strike Deal For Two Board Seats

Law 360 M&A

JetBlue Airways said Friday it has reached a deal with Carl Icahn to place two of the billionaire's handpicked nominees on the JetBlue board, just days after Icahn unveiled a nearly 10% stake in the airline.

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