Harvard Corporate Governance

FEBRUARY 5, 2024

Posted by Amy D. Roy and Robert A. Skinner, Ropes & Gray LLP, on Monday, February 5, 2024 Editor's Note: Amy D. Roy and Robert A. Skinner are Partners at the Ropes & Gray securities litigation group in Boston. This post is based on their Ropes & Gray memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 218

Marketability 218

Mckinsey and Company

FEBRUARY 5, 2024

Generative AI can create additional value from other forms of AI and analytics—and the energy and materials sector is uniquely well-positioned to benefit from these advancements.

145

145

Harvard Corporate Governance

FEBRUARY 5, 2024

Posted by Richard Horvath, Stephen Leitzell, and Taylor Jaszewski, Dechert LLP, on Monday, February 5, 2024 Editor's Note: Richard Horvath and Stephen Leitzell are Partners, and Taylor Jaszewski is an Associate at Dechert LLP. This post is based on a Dechert memorandum by Mr. Horvath, Mr. Leitzell, Mr. Jaszewski, and Christopher Merken ; and is part of the Delaware law series ; links to other posts in the series are available here.

Compliance 201

Compliance 201

Norman Marks

FEBRUARY 5, 2024

A few years ago, my friend Dr. Rainer Lenz started talking about the internal auditor as the “gardener of governance”. In an article in EDPACS, Rainer explained (with my emphasis): Governance has been central to what internal auditing has been aspiring to do for a long time.

Compliance 110

Compliance 110

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

FEBRUARY 5, 2024

Posted by John D. Turner, Queen's University Belfast, on Monday, February 5, 2024 Editor's Note: John D. Turner is Professor of Finance and Financial History at Queen’s University Belfast and a Director of the Centre for Economics, Policy and History. This post is based on a recent paper forthcoming in the Journal of Financial Economics by David Bogle , Christopher Coyle , Gareth Campbell , and Professor Turner.

Banking 146

Banking Finance 146

Law 360 M&A

FEBRUARY 5, 2024

Investors in identity and access management software company Okta Inc. have received certification for a class in a suit alleging the company misled them about a 2022 cyberattack.

98

98

NYT M&A

FEBRUARY 5, 2024

Yandex, often called “Russia’s Google,” said it reached a deal to sell off its assets in the market where it made its fortune, after the war in Ukraine upended its operations.

Marketability 97

Marketability Mergers & Acquisitions 97

Gross Mendelsohn

FEBRUARY 5, 2024

Applications are now open for Maryland manufacturers to apply for the Commercial, Industrial & Agricultural Fiscal Year 2024 Grant Program. This program supports businesses that make certain energy efficiency improvements in manufacturing facilities. In this short video, we explain the grant, who qualifies and the application process.

81

81

Appraisers Blog

FEBRUARY 5, 2024

10 years ago we tried to get our state board to require that ALL AMC orders were required to be delivered with the Appraiser Invoice as page 1 of the report. We tried… The lack of disclosure that AMC’s even exist in the transaction to the consumer should be enough for a Class Action.

Appraisal 69

Appraisal 69

Law 360 M&A

FEBRUARY 5, 2024

Last week, Delaware's chancellor gave us 55 billion reasons to keep an eye on the First State in a case involving Tesla CEO Elon Musk's pay package, while the court of equity also took on cryptocurrency, artificial intelligence, space flight and country music.

Equity 75

Equity 75

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

Financial Times M&A

FEBRUARY 5, 2024

Hellman & Friedman-led deal is largest in a sector reconsidering its partnership model

Accounting Firms 105

Accounting Firms Equity 105

Benzinga

FEBRUARY 5, 2024

Haynes International Inc (NASDAQ: HAYN ) penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox SA (OTC: ACRXF ), for an enterprise value of about $970 million. The all-cash transaction price represents a multiple of 12.3x fiscal 2023 EBITDA. As per the terms, North American Stainless will acquire all Haynes’ outstanding shares for $61.00 per share in cash, reflecting a premium.

Enterprise Value 64

Enterprise Value EBITDA Equity 64

Valutico

FEBRUARY 5, 2024

Exciting news! Valutico has officially revealed its refreshed identity, inviting you to explore the revamped website and stay tuned to its social media for a new range of valuation resources. The sleek new blue theme enhances usability, marking a significant step towards modernizing the platform. Stay tuned for more details on this exciting and useful transformation in the upcoming weeks.

Start-ups 59

Start-ups Finance Corporate Finance Business Valuation 59

Benzinga

FEBRUARY 5, 2024

North American Stainless agreed to buy Haynes International (NASDAQ: HAYN ), a manufacturer and marketer of high-performance alloys, in an all-cash deal valued at about $970 million. The purchase price represents a 12.3x fiscal 2023 EBITDA multiple. North American Stainless will acquire all of Haynes’ outstanding shares for $61.00 per share in cash, reflecting a 22% premium to Haynes’ six-month volume-weighted average share price.

EBITDA 59

EBITDA Marketability 59

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

Appraisers Blog

FEBRUARY 5, 2024

In reply to Spencer Paul. Baggins & SP, Have you seen the DOL/DOC release today regarding HB1110 ???? [link] FAQs 4&5 are the relevant ones and contrary to what you might think, I am more than a little surprised by them.

56

56

Benzinga

FEBRUARY 5, 2024

Everbridge Inc (NASDAQ: EVBG ) shares are trading higher Monday after the company entered into a definitive agreement to be acquired by Thoma Bravo. What Happened: Critical event management company Everbridge is set to be acquired by software investment firm Thoma Bravo in an all-cash transaction valuing Everbridge at approximately $1.5 billion. Everbridge shareholders will receive $28.60 per share in cash.

59

59

Financial Times M&A

FEBRUARY 5, 2024

Report says Orlen engaged in cut-price disposals to complete merger with rival

93

93

Benzinga

FEBRUARY 5, 2024

Merck Animal Health , a division of Merck & Co Inc (NYSE: MRK ), has agreed to acquire Elanco Animal Health Incorporated’s aqua business (NYSE: ELAN ) for $1.3 billion in cash. The business consists of a portfolio of medicines and vaccines, nutrition, and supplements for aquatic species; two related aqua manufacturing facilities in Canada and Vietnam; and a research facility in Chile.

59

59

Appraisers Blog

FEBRUARY 5, 2024

This article is BS. Another fee to charge the appraiser? Like others wrote, it stated out just fine. Then it became a sales pitch for yet ANOTHER PLATFORM. Two things stand out that REALLY made me mad. 1). It states several times NO COST TO THE LENDER. I’m an appraiser… not a lender… smh. Another cost to the appraiser? Of course! 2).

Appraisal 56

Appraisal 56

Benzinga

FEBRUARY 5, 2024

In a recent statement, Stellantis (NYSE: STLA ) Chairman John Elkann dismissed rumors of a potential merger with French automaker Renault (OTC: RNSDF ). What Happened : Elkann, on Monday, refuted the ongoing speculation about a merger between Stellantis and Renault, reported Reuters. “There are no plans being studied regarding mergers of Stellantis with other manufacturers,” Elkann said in a statement,” Elkann said, adding that the focus is on executing its long-term business p

59

59

Appraisers Blog

FEBRUARY 5, 2024

The article starts off by empathizing with appraisers over how they are being driven out of a cherished profession by greedy AMCs and lenders, and finishes brilliantly with the author stating they have started a company with a “NEW” platform for lenders to use and justifying their wide experience by having been the owner of an AMC. What kind of b t is this?

Appraisal 56

Appraisal 56

Financial Times M&A

FEBRUARY 5, 2024

Buyer is the controlling shareholder in Wegovy maker Novo Nordisk

96

96

Appraisers Blog

FEBRUARY 5, 2024

Its my understanding that this company charges a flat $99 fee for full appraisals and a flat fee of $50 for 2nd inspections (1004D’s). Historically, lenders don’t breakdown nor do they care about how the appraisal money gets split (one line item), meaning its my opinion that the appraisal fee to the appraiser will be reduced by $99 and or $50.

Appraisal 55

Appraisal 55

Law 360 M&A

FEBRUARY 5, 2024

The Singapore International Arbitration Center has denied Sony's bid for emergency relief to prevent Zee Entertainment Enterprises Ltd. from initiating legal action to contest a decision by the Japanese company's Indian unit to terminate their $10 billion merger, Zee said.

52

52

Appraisers Blog

FEBRUARY 5, 2024

So a “new” Mercury or Appraisalport? No thanks. I’m starting a revolutionary company that will impact the entire appraisal profession. We’ll be completely different than what you’ve ever seen before. The industry is just so backwards. It’s called “Company to Manage Appraisals,” or CMA for short.

Appraisal 55

Appraisal 55

Law 360 M&A

FEBRUARY 5, 2024

The U.S. Securities and Exchange Commission has reached a settlement resolving its civil claims against a former Goldman Sachs banker convicted of insider trading, according to a motion for consent judgment filed in New York federal court Monday.

52

52

Appraisers Blog

FEBRUARY 5, 2024

In reply to Retired Appraiser. Thank God I made my millions and invested well. Sucker pay today for appraisal work from AMC’s. Think outside the box. Divorces are up and valuations are needed. Just saying.

Appraisal 55

Appraisal 55

Law 360 M&A

FEBRUARY 5, 2024

A shareholder group that owns 29% of software and cloud solutions provider SoftwareOne has demanded an extraordinary general assembly to call for the wholesale removal of the company's board after it rejected a multibillion-dollar bid from Bain Capital.

52

52

Auto Dealer Valuation Insights

FEBRUARY 5, 2024

Mercer Capital’s Timothy R. Lee, ASA is attending the 2024 ESOP Association’s Professionals’ Forum in New Orleans, Louisiana, on February 7-9, 2024. The Forum is a unique event designed exclusively for high-level professionals who provide technical, financial, and legal assistance to ESOP companies. Tim is the Managing Director of Corporate Valuation Services and a board member at Mercer Capital.

52

52

Law 360 M&A

FEBRUARY 5, 2024

A coverage dispute between an insurer and a veterinary pharmacy over defense and indemnity for an underlying action involving the deaths of two horses was settled between the two parties Monday in Texas federal court.

52

52

Auto Dealer Valuation Insights

FEBRUARY 5, 2024

Atticus L. Frank, CFA, ABV, is attending the Florida Tax Institute in Tampa, Florida on February 14-16, 2024. The 3-day Institute features programming devoted to individual income tax, entity tax, and estate planning. Attorneys, trust officers, accountants, insurance and financial planners, and planned-giving professionals from across Florida and the United States will be attending.

52

52

Law 360 M&A

FEBRUARY 5, 2024

Philadelphia-based firm Fox Rothschild LLP has welcomed a commercial real estate attorney with more than 20 years of experience to its Miami office, the firm announced Monday.

52

52

Auto Dealer Valuation Insights

FEBRUARY 5, 2024

Mercer Capital, a national business valuation and financial advisory firm, is pleased to announce that Huxley Maury has joined the firm as the Vice President of Human Resources. While she’ll be based in the Memphis office, she will also oversee human resources at our other offices in Houston, Dallas, and Nashville.

Business Valuation 52

Business Valuation 52

Law 360 M&A

FEBRUARY 5, 2024

Audacy Inc. has agreed to drop a potential shareholder lawsuit over performing rights company Broadcast Music Inc.'s sale to an investor group in exchange for at least $25.4 million in stock under a settlement approved by a Texas bankruptcy judge on Monday.

52

52