Tue.Nov 21, 2023

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2023 CPA-Zicklin Index Shows Strong Increase in Number of Trendsetter, Top-Scoring Companies

Harvard Corporate Governance

Posted by Dan Carroll and Bruce Freed, Center for Political Accountability, on Tuesday, November 21, 2023 Editor's Note: Dan Carroll is a Vice President, and Bruce F. Freed is a President and Co-founder at the Center for Political Accountability. This post is based on their CPA memorandum. Related research from the Program on Corporate Governance includes The Untenable Case for Keeping Investors in the Dark (discussed on the Forum here ) by Lucian Bebchuk, Robert J.

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Music Licensing Giant BMI Sells to Private Equity Firm

NYT M&A

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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Trending Sources

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Remarks at the 2023 Democracy Forum

Harvard Corporate Governance

Posted by Barack Obama, Obama Foundation, on Tuesday, November 21, 2023 Editor's Note: Barack Obama served as the 44th President of the United States. This post is based on Mr. Obama’s remarks at the 2023 Democracy Forum. Hello, Chicago! Thank you, Aleena, for that outstanding introduction. I will say that Michelle would be jealous to see that she has a six-month old at home and she doesn’t look tired.

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The McKinsey Crossword: 5G | No. 155

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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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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Navigating the New CECL (ASC 326) Standard

Redpath

November 21, 2023 - Accounting standard ASC 326 (also known as CECL) is meant to increase balance sheet transparency and requires entities to recognize estimated credit losses expected to occur over the remaining life of many financial assets. It is important for entities to understand how the new standard may affect them and how to get in compliance.

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What's Going On With Broadcom And VMware Shares Today?

Benzinga

The merger between U.S. chipmaker Broadcom Inc (NASDAQ: AVGO ) and cloud software company VMware, Inc (NYSE: VMW ) won every regulatory approval required to close the merger deal. The stocks traded lower after China's State Administration of Market Regulation approved the deal. The companies look. Full story available on Benzinga.

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The “Missing Ingredient” for ESOP-Owned Companies: Part 2

Butcher Joseph & Co.

Keith Butcher discusses the interplay between Private Equity and ESOPs, including what opportunities private equity firms see in ESOP investments, ret. The post The “Missing Ingredient” for ESOP-Owned Companies: Part 2 appeared first on ButcherJoseph & Co.

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Net Working Capital in an M&A Transaction

Redpath

The purchase price in an M&A transaction is often thought about as the enterprise value , which is the adjusted EBITDA times a given multiple (that varies across different industries and sectors and is based on growth potential, market share, and competitive landscape); however, there is another important figure that is often forgotten about until the end: net working capital.

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EV Tax Credit Changes

Machen McChesney

Machen McChesney provides individuals in the new electric vehicle market with the Inflation Reduction Act and why consumers may wait until January to purchase a new vehicle.

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Sales drop if you sell something you can’t confidently deliver

JPAbusiness

Imagine you’re a plumber and you received a call at 9am from a residential customer who had blocked sewage pipes and was in desperate need of an expert to come and rectify things. You took the call, quoted the job and committed to have a plumber onsite by 4pm that day. The customer accepted the appointment. 4pm came and went; no plumber appeared at the customer’s home.

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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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Installment Sales Considerations and FAQs

Trout CPA

Written by Evgenia V. Sheaffer, CPA , Senior Manager at Trout CPA What is an installment sale? Business owners considering selling their business as a stock or asset sale at a gain often wonder if there is a way to minimize the tax impact in the year of sale. The good news is that if you receive at least one payment after the tax year of the sale, then the gain will be recognized when you receive each payment, therefore allowing the business owner the option to defer the gain.

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Ethnocultural minorities in Europe: An untapped growth opportunity

Mckinsey and Company

Employing ethnocultural minorities could help many companies simultaneously close talent gaps and deliver inclusive growth.

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The $156bn PE firm with a succession problem

Financial Times M&A

Plus, Beijing gives a tentative green light on Broadcom/VMware and Carlyle’s unexpected victory in China

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Author Talks: Brown University’s Juliet Hooker on what you can gain from losing

Mckinsey and Company

Why political defeat sometimes unleashes grief and grievances: A political scientist shares what you can do to reframe feelings of loss.

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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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February Hearing Set For Rite Aid Restructuring Plan

Law 360 M&A

A New Jersey bankruptcy judge Tuesday told counsel for Rite Aid Corp. and the creditors in its Chapter 11 case that he will be handing down a decision on its restructuring plan at the end of February.

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Kiki Products Client Video Testimonial

Benchmark Report

Explore the exciting corporate development as Cire Airos (Pty) Ltd. achieves a significant milestone by acquiring controlling interest in Northridge, a premier manufacturer of backpacks and outdoor equipment.

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Comment on Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to Jeffrey N Allen. The UK is not guiding much policy in America. But China is. Try again. I mean, talking McCarthyism. You’re living it and are at the center of a new form of slander. The issue today is much more complex than just boiling things down to black or white and communism or capitalism. The truth is we should not condemn capitalism, because we have not had that in some time.

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Benchmark International Successfully Facilitated The Transaction Between Maverick Truck Insurance And Biltmore Insurance

Benchmark Report

Maverick Truck Insurance was established in Arlington, Texas, in 1994. Since its inception, Maverick Truck Insurance has stood behind its principles of offering the best possible coverage at competitive prices.

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Permira and Blackstone lead €14bn bid to buy eBay-backed Adevinta

Financial Times M&A

Plan to delist Norwegian online classifieds company would be second-biggest buyout this year

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IRS issues guidance on the transfer of clean vehicle credits

LaPorte

(authored by RSM US LLP) The IRS and the Treasury Department have released guidance on how buyers can transfer clean vehicle credits to dealers at the time of purchase. The post IRS issues guidance on the transfer of clean vehicle credits first appeared on LaPorte.

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Broadcom-VMware $69bn merger to close after China approves deal

Financial Times M&A

Beijing clears regulatory hurdle holding up tech tie-up as trade tensions ease with Washington

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Valuation of unit in a heritage building for Recovery Purpose

RNC

Introduction A company had its office located in a heritage building. The building was very old and any major external rectification in the building was not allowed. Situation There was no approved layout plan available as the building was constructed more than 90 years ago. As per registration of society the building was a residential co-operative housing society.

Banking 52
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Reasons to Obtain a Machinery and Equipment Appraisal

Peak Business Valuation

Whether you are an entrepreneur buying a business or an owner navigating the complexities of tax, you may need help. How do you ensure that you are making informed decisions? This article will explore the reasons to obtain a machinery and equipment appraisal. From securing financing to risk management, equipment appraisals play a vital role. They provide legitimacy and accuracy to your financial decisions.

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Comment on New Appraisal Requirements for REOs by Baggins

Appraisers Blog

Even a decade later, this rule change remains beneficial. Because when dealing with hud reo appraisal requests through the current mm awardee, the appraiser no longer is badgered by unrelated amc and lender companies representing a new buyer, at a later date to provide final inspection forms for discounted rates. They just order a new full service appraisal for the new loan origination instead, and order that from their own network of appraisers.

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Wyndham Rejects Latest Choice Bid, Calls It 'Step Backwards'

Law 360 M&A

Wyndham Hotels & Resorts Inc. said Tuesday it has rejected the latest buyout offer from Choice Hotels International Inc., calling it a "step backwards" that continues to undervalue Wyndham and brings too much risk through its "uncertain regulatory timeline and outcome.

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Review of Key Economic Indicators for Family Businesses

Auto Dealer Valuation Insights

Before we dig into our turkey and dressing later this week, we look at Q3 2023 economic data in this week’s post. The U.S. economy continued to prove resilient during the third quarter, with headline GDP growth at 4.9%. Despite this growth, leading economic indicators still point to a possible slowdown on the horizon in 2024, as The Conference Board’s Leading Economic Index, which serves as the.

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Martin Marietta Materials Divests Materials Assets In Texas For $2.1B Cash

Benzinga

Building materials manufacturer Martin Marietta Materials, Inc (NYSE: MLM ) has entered into a definitive agreement to sell its South Texas cement business and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc (NYSE: CRH ), for $2.1 billion in cash. The facilities to be. Full story available on Benzinga.

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Year-end tax planning strategies: Provide your clients with expert guidance

ThomsonReuters

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. In the midst of this busy time, it’s important to think ahead and start preparing for changes that can bring longevity and success to your firm in the year ahead.

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CRH buys Texas assets for $2.1bn from Martin Marietta

Financial Times M&A

Building materials group seeks new deals in US and Europe and upgrades earnings forecast

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Benchmark International Successfully Facilitated The Transaction Between MT Global Freight Solutions, Inc. And HBx Capital Management

Benchmark Report

Benchmark International Successfully Facilitated The Transaction Between MT Global Freight Solutions, Inc. And HBX Capital Management.

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Comment on Seller Filed a Racial Bias Complaint Against Me by Baggins

Appraisers Blog

In reply to Mike Ford, AGA. Mike, you’re entirely too mature, logical, and well grounded. Missing the IVPI proposal yet?

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Corp Fin Staff Offers New Guidance on Universal Proxy, Rule 14a-12 and Schedule 14A

John Jenkins

Yesterday, on TheCorporateCounsel.net blog, Dave shared that the Corp Fin Staff issued one revised and five new Proxy Rules and Schedule 14A Compliance and Disclosure Interpretations last Friday. In multiple blogs, Dave included the full text of the CDIs, grouped by topic.

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Telegraph auction paused while Lloyds reviews RedBird IMI offer

Financial Times M&A

Former minister David Davis among those calling for greater scrutiny of proposed deal

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Comment on Seller Filed a Racial Bias Complaint Against Me by Mike Smiley

Appraisers Blog

In reply to Mark Edward Page. I wonder, how did you ever pass the Appraiser Qualification test? Sad that you ever got licensed, if you can’t understand basic economics. What a joke you are.