Harvard Corporate Governance

JANUARY 3, 2024

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday, January 3, 2024 Editor's Note: Martin Lipton is a Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Lipton, Steven A. Rosenblum , Karessa L. Cain , and Carmen X. W. Lu. Over the past year, expectations for directors have continued to evolve, bringing new challenges and responsibilities to the boardroom.

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Mckinsey and Company

JANUARY 3, 2024

Uncover the transformative power of generative AI within the operations value chain—shaping C-suite discussions across industries.

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Harvard Corporate Governance

JANUARY 3, 2024

Posted by Steven Davidoff Solomon (UC Berkeley) and David Berger, Wilson Sonsini Goodrich & Rosati, on Wednesday, January 3, 2024 Editor's Note: Steven Davidoff Solomon is Alexander F. and May T. Morrison Professor of Law at the UC Berkeley School of Law and David Berger is a Partner at Wilson Sonsini Goodrich & Rosati. This post is based on their recent paper.

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N Contracts

JANUARY 3, 2024

IT Risk: Best Practices for Employee Security Awareness Training at Your Financial Institution What comes to mind when you think about cyberattacks in banking? Shadowy figures penetrating a financial institution’s network in an elaborate scheme that involves an unmarked van? Criminal masterminds slipping into a branch to plant secret surveillance devices?

Banking 102

Banking 102

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

Law 360 M&A

JANUARY 3, 2024

Blackwells Capital and ValueAct Capital on Wednesday both spoke out in support of The Walt Disney Co. as the company tries to fend off two other activist firms in their attempt to get Trian Fund Management's Nelson Peltz nominated to the Disney board of directors.

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Machen McChesney

JANUARY 3, 2024

Technology is transforming the accounting profession. When businesses moved from paper ledgers to spreadsheets, it improved the timeliness, accuracy, and integrity of accounting-related data. Likewise, cloud computing and the ability to remotely access real-time data have allowed accounting departments to be far more responsive to an increasingly distributed workforce.

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Technology 89

Appraisers Blog

JANUARY 3, 2024

Hi everyone. I began as an appraiser in 1993. I worked full-time as an appraiser 1993-1994 and again 1996-2000. I became licensed in 1997, as a certified general appraiser. I appraised commercial properties 1996 thru 2000. I appraised residential properties part-time (side hustle), 2003 thru 2007 and 2020-2021. As I’m sure you all know, 2021 I had all the work I could handle and worked flat out all day and into the night and did quite well.

Appraisal 81

Appraisal 81

Law 360 M&A

JANUARY 3, 2024

Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.

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Appraisers Blog

JANUARY 3, 2024

Ladies and Gentlemen, Us appraisers are seeing the appraisal business being run by the powers to be, the greedy businessmen who are only looking to increase their pockets at the expense of the uneducated buyers. Our profession of appraisers should be working in the forefront with the buyers to give them an independent value so they can make a financial decision and not by the greedy bankers.

Appraisal 81

Appraisal 81

Law 360 M&A

JANUARY 3, 2024

An Adobe shareholder filed a derivative suit on Wednesday in Delaware federal court against the software company's top brass over the recent failure of a $20 billion deal to buy out rising competitor Figma Inc.

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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

BV Specialists

JANUARY 3, 2024

With 2024 in mind, many of us vow to change a habit or two and get a fresh start on improving our way of life with the proverbial New Year's Resolution. This change in mindset can often be fleeting when the thought process does not materialize into instant benefits after minimal dedicated work effort. The brain can quickly adjust back to telling you that everything is fine, and you feel pretty good about yourself.

Business Valuation 77

Business Valuation Appraisal 77

NYT M&A

JANUARY 3, 2024

The move is the printer maker’s latest as it tries to shift more toward its business services offerings.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

Benzinga

JANUARY 3, 2024

In a move to fortify its strategic posture, The Walt Disney Company (NYSE: DIS ) has brought onboard investment firm ValueAct Capital. The firm will provide strategic counsel and bolster Disney’s director nominees in preparation for the 2024 annual shareholder meeting. What Happened : Reuters reported that Disney inked a deal with San Francisco’s ValueAct Capital on Wednesday.

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Appraiser Newsroom

JANUARY 3, 2024

By: Bharat Kanodia , ASA, Senior Managing Director, Suncorp Valuations The machinery and equipment market is undergoing rapid transformation fueled by technological advancements, changing consumer preferences, and global economic shifts. As industries strive to stay competitive and embrace innovation, the need for accurate and reliable machinery and equipment appraisal has never been more crucial.

Appraisal 59

Appraisal Technology Compliance 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

Benzinga

JANUARY 3, 2024

French information technology company Atos SE (OTC: AEXAF ) revealed receipt of two letters indicating non-binding interest in its BDS (Big Data & Security) business, one of which relates only to part of BDS's perimeter. The company said it will open a due diligence phase with Airbus SE (OTC: EADSY ) (OTC: EADSF ), whose indicative offer of an enterprise value of €1.5 billion-€1.8 billion relates to the entire BDS perimeter.

Enterprise Value 64

Enterprise Value Technology Equity Marketability 64

Brian DeChesare

JANUARY 3, 2024

The markets in 2023 were almost a complete reversal of 2022, and hardly anyone – me included – saw it coming. My portfolio did “OK” (up 10% for the year), but it greatly underperformed the S&P 500 , which was up 24%. On the other hand, I was only down 9% in 2022 vs. a 19% drop for the S&P, so both the index and my portfolio are now back to “early 2022” numbers.

Marketability 59

Marketability Start-ups Equity Dividends 59

Benchmark Report

JANUARY 3, 2024

You can take several steps to prepare your business for a sale that can significantly improve the amount of value you extract from a buyer. The factors that affect how potential acquirers will perceive your company apply whether you plan to exit your business in the short, medium, or long term.

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Benzinga

JANUARY 3, 2024

TD Synnex Corp (NYSE: SNX ) division Shyft Global Services disclosed the acquisition of technology lifecycle service provider Cokeva, Inc. for an undisclosed amount. Cokeva deals in repairing, testing, and refurbishing IT equipment and delivers cost-effective technology repair and supply chain solutions for technology manufacturers. Cokeva boosts Shyft's depot repair service capabilities and.

Technology 59

Technology Equity Marketability 59

Financial Times M&A

JANUARY 3, 2024

HIG and Audax attack each other over $900mn deal in rare legal battle between private equity peers

Equity 86

Equity 86

Appraisers Blog

JANUARY 3, 2024

Two questions: What is the statue of limitations for appraisers to seek retroactive relief if they were previously penalized under this system? And; Missing the IVPI proposal yet? [link] Grandma got ran over by a reindeer.

Appraisal 54

Appraisal 54

Internal Audit 360

JANUARY 3, 2024

I n this fast-changing business world, the role of the internal auditor has become increasingly complex. Today, they face not only traditional challenges of fraud detection and financial accuracy but also the daunting task of navigating a digital world where data reigns supreme. To thrive in this age of disruption, driven by artificial intelligence, big data analytics, and cloud computing, internal auditors must embrace a new paradigm—one that mirrors the timeless principles of Sun Tzu’s T

Technology 52

Technology Business Valuation Compliance 52

Law 360 M&A

JANUARY 3, 2024

Sidley Austin LLP said Thursday that it is guiding a £450 million ($571 million) investment by U.S. firm Stonepeak in British breakdown cover giant the Automobile Association to fund its growth and innovation.

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Benzinga

JANUARY 3, 2024

Barrick Gold Corporation (NYSE: GOLD ) is revisiting the idea of a First Quantum Minerals (TSE: FM) takeover. The Canadian copper producer faced a significant setback, losing over 60% of its share price through 2023. Bloomberg reported that Barrick’s CEO, Mark Bristow , initiated talks with major investors of First Quantum late last year, aiming to assess their support for a potential acquisition.

Marketability 52

Marketability 52

Law 360 M&A

JANUARY 3, 2024

In 2024, expect the Committee on Foreign Investment in the United States, already at the forefront of addressing national security threats, to increase monitoring and enforcement related to outbound investment, focus on supply chain resilience in nondefense sectors, and heighten oversight of agricultural transactions, say attorneys at Holland & Knight.

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Quantive

JANUARY 3, 2024

Business leaders are banking on a market resurgence in 2024. 98% of CEOs anticipate actively engaging in strategic transactions within 12 months, representing a notable increase from the 89% reported in January 2023.

Marketability 52

Marketability Banking 52

Law 360 M&A

JANUARY 3, 2024

A Delaware vice chancellor reported plans to rule Thursday morning on a preliminary injunction bid from a proposed class of stockholders targeting the merger of SomaLogic Inc. and Standard BioTools Inc., hours before a noon Eastern time stockholder meeting on the hotly contested biopharmaceutical industry tie-up.

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Valutico

JANUARY 3, 2024

Visa Inc. Weekly Valuation – Valutico | January 03, 2024 Link to the Valuation Inside Visa The origin of Visa Inc. goes back to the launch of the BankAmericard, a consumer credit program by Bank of America in 1958. The program was led by Mr. Dee Hock’s vision to bring together various banks as members of a “non-stock, for profit membership corporation” and operate credit cards under the ‘Visa’ franchise.

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Discounted Cash Flow EBIT Start-ups Banking 52

Law 360 M&A

JANUARY 3, 2024

A Volkswagen supplier suing the German automaker on antitrust allegations has told a Texas federal court that Volkswagen has been "playing discovery games" and shouldn't be granted a second motion to stay discovery in the year-old case.

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Benzinga

JANUARY 3, 2024

NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Flewber Global Inc., an innovator in local and regional air taxi operations, today announced the acquisition of its first Cirrus Vision Jet for its upcoming Flewber Hops personal air mobility service, where Flewber is bringing the convenience of ride-hailing from the street to the sky. This marks a significant step forward in Flewber's mission to revolutionize air travel by offering local on-demand, per-seat Hops air taxis and whole aircraft regio

Technology 52

Technology 52

Vested

JANUARY 3, 2024

Joining Ifty Nasir on the latest episode of FounderMetrics is Sonya Barlow , the award-winning founder of the LMF Network. Sonya is also a best-selling author, diversity and inclusion advocate and radio host of the hit BBC show, The Everyday Hustle.

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Benzinga

JANUARY 3, 2024

Agnico Eagle Mines (NYSE: AEM ) announced a strategic investment of C$23.1 (US$17) million in Canada Nickel Company (TSXV: CNC ). The Toronto-based company acquired 19.6 million units for C$1.18 per unit. The investment grants Agnico a 12% non-diluted equity interest in Canada Nickel, or 15.6% on a partially diluted basis. The total proceeds from the unit offering reached C$34.7 million.

Equity 52

Equity Marketability 52

Peak Business Valuation

JANUARY 3, 2024

During a merger or acquisition, purchase price allocation (PPA) is an effective way to understand the true value of a business. Purchase price allocation involves valuing each component of a business to calculate its total value. For example, a 5 million dollar business may have $1 million in equipment, $1 million in real estate, $2 million in customer relationships, and $1 million in goodwill.

Business Valuation 52

Business Valuation Intangible Assets Compliance Appraisal 52

Benzinga

JANUARY 3, 2024

Cigna Group (NYSE: CI ) is reportedly in advanced negotiations to divest its Medicare Advantage division and is presently in discussions to sell it to Health Care Service Corp Inc (NASDAQ: HCSG ) for around $3 billion-$4 billion. This potential agreement signifies a substantial stride for HCSC, a nonprofit health insurer recognized as the parent company of Blue Cross Blue Shield plans in multiple states, the Wall Street Journal reported.

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Law 360 M&A

JANUARY 3, 2024

Dorsey & Whitney LLP announced Wednesday that the former general counsel of Trulieve Cannabis Corp. joined the firm's Phoenix office as a partner.

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