Tue.May 23, 2023

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Navigating the Current ESG Landscape: Recommendations for the Board and Management

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, May 23, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton memorandum by Mr. Lipton and Carmen X. W. Lu.

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A monthly update on the state of the US consumer: May 2023

Mckinsey and Company

Consumers’ views on the economy are diverging—and their behaviors are, too. Here’s the latest data from our ConsumerWise team.

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Trending Sources

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Murder on the City Express – Who is Killing the London Stock Exchange’s Equity Market?

Harvard Corporate Governance

Posted by Brian R. Cheffins and Bobby V. Reddy (University of Cambridge) , on Tuesday, May 23, 2023 Editor's Note: Brian Cheffins is the S. J. Berwin Professor of Corporate Law, and Bobby V. Reddy is an Associate Professor of Finance at the University of Cambridge. This post is based on their recent paper , forthcoming in The Company Lawyer. There has been much debate surrounding the decline of the U.S. public company.

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Carving out new territory in lending: A conversation with Pagaya CEO Gal Krubiner

Mckinsey and Company

Pagaya cofounder Gal Krubiner talks about making “life-changing” financial products available to more people, and why starting a business with friends makes sense.

Banking 105
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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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Overview of Discontinued Operations Reporting

Machen McChesney

Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer confidence. If your company is planning a major strategic shift this year, management may need to comply with the updated accounting rules for reporting discontinued operations that went into effect in 2015.

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Growth and resilience through ecosystem building

Mckinsey and Company

Effective ecosystem strategies can deliver valuable near-term benefits as well as generate long-term growth and resilience. Leaders are finding significant benefits already.

More Trending

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How to revive US productivity

Mckinsey and Company

Boosting US productivity represents a $10 trillion opportunity. Here are strategies CEOs can implement now to lead the US to more prosperity.

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A Lawyer's Guide To Approaching Digital Assets In Discovery

Law 360 M&A

The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.

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Author Talks: What is the key to unlocking digital transformation?

Mckinsey and Company

McKinsey senior partners outline their new book designed to help companies harness the power of digital transformation.

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Calif. Judge Drops Investor Suit Over Musk's Twitter Takeover

Law 360 M&A

A California federal judge has dropped a proposed class action by Twitter investors accusing Elon Musk of sparking an $8 billion drop in the social media giant's valuation when he created doubt about his plans to buy the company, finding that the plaintiff lacks standing because he is no longer a shareholder of the now-private company.

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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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The future of wealth and growth hangs in the balance

Mckinsey and Company

The past two decades have generated $160 trillion in paper wealth but sluggish growth and rising inequality. What comes next?

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Failed Tegna Deal Reveals Increasing Merger Review Hurdles

Law 360 M&A

A deeper look at how the Tegna-Standard General deal derailed during merger review suggests some practical steps that firms should consider to close transactions when dealing with multiple federal agencies operating under a whole-of-government antitrust enforcement approach, say Jody Boudreault and Katherine Dutcher at Baker Botts.

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The McKinsey Crossword: “You’ll C” | No. 129

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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Allen & Overy closes in on American dream with $3.4bn Shearman deal

Financial Times M&A

Merger between US and UK firms would create a legal giant with almost 4,000 lawyers worldwide

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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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MSG Sues Verizon To Get Records From 'Sham' Liquor Agency Probe

Law 360 M&A

Madison Square Garden is suing Verizon in New York state court for the cellphone records of an investigator for the New York State Liquor Authority, alleging they will show the SLA is investigating the entertainment venue operator at the direction of private outside attorneys "with an ax to grind.

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Pompano Resource Transformation Acquires Gulf Coast Oil Field From Paloma Resources

Business Wire M&A

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Pompano Resource Transformation (“Pompano”), a wholly-owned subsidiary of XMC Strategies, today announced that it has acquired a Gulf Coast oil asset, including 33 operated oil wells, from Paloma Natural Gas, LLC, which is owned in part by Houston-based private equity firm EnCap Investments. Financial terms of the transaction were not disclosed.

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BT: dealmaker Drahi’s unlikely reinvention as yield investor

Financial Times M&A

UK would probably block full purchase of the telecoms group by a debt-heavy foreign buyer

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Meta Takes Big Loss In $53M Sale Of Giphy To Shutterstock

Law 360 M&A

Stock photography website Shutterstock Inc. on Tuesday agreed to purchase Giphy Inc. for $53 million from Meta Platforms Inc., which will take a big loss after purchasing the company in 2020 for $315 million.

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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Spencer Paul

Appraisers Blog

In reply to Jim. I am as well. The sales contract is a piece of market data that needs to be analyzed. Some one signed a contract that they would pay “x” for said residence and putting down “x” in earnest money and/or an actual down payment. The bank is asking if the assets are worth the note being sought at a minimum, yes or no.

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Moritt Hock Adds 3 Corporate Attys From Warshaw Burstein

Law 360 M&A

Moritt Hock & Hamroff LLP announced Monday that it has hired three New York corporate attorneys from Warshaw Burstein LLP, including a new practice chair.

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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Michael Ford

Appraisers Blog

Seems ‘thin’ VA has aldo had a Tidewater provision that absolutely runs contrary to AIR. If AV is liwer than contract Tidewater had to be invoked. In a nutshell it tells borrower and agents value is an isdue and come back with your nest support for value (like an ROV in advance.) Flip side…back in 2971 I lesrned CRV / value will not come in higher than requested amount.

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HSBC/SVB: franchise value matters as much to bank rescuers as assets

Financial Times M&A

The failed US bank’s new owners accuse the UK lender of improperly luring away key staff

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Williston Financial Group Acquires West Coast Local Retail Title Operations from Doma

Business Wire M&A

SAN FRANCISCO--(BUSINESS WIRE)--Williston Financial Group Acquires West Coast Local Retail Title Operations from Doma

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Everyone’s pouring money into private credit

Financial Times M&A

Plus, the Czech billionaire pulling power moves in France and Meta says goodbye to Giphy

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Why Should I Remove Excess Working Capital from the Business?

Value Scout

Working capital allows your business to grow without incurring debt. Demonstrating positive working capital makes getting loans or other forms of credit easy. Working capital refers to the difference between a company’s current assets and current liabilities (per the balance sheet). The amount the business requires to make regular payments, purchase material to produce goods, and cover unforeseen costs.

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Hydroponic Retailer GrowGeneration Cultivates Success In Alaska With Southside Garden Supply Acquisition

Benzinga

GrowGeneration Corp. (NASDAQ: GRWG ), the largest chain of hydroponic and organic garden centers in the US., has acquired Southside Garden Supply in Alaska. "As a part of the transaction, GrowGen took over both existing store locations at 2809 Artic Boulevard, Anchorage, Alaska, and 449 West Parks Highway, Wasilla, Alaska," per a release. This movement marks GrowGen's expansion into its 18th state and its second new state this year, according to Darren.

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GRC Trends: Based on a Survey of 147 Banks and Credit Unions

N Contracts

Ever wonder how your peers at banks and credit unions are navigating the complex world of governance, risk, and compliance (GRC)? Curious about the latest risk management and compliance industry trends?

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CohBar Stock Doubles: Company Agrees To Merge With Morphogenesis To Advance Late-Stage Oncology Candidates

Benzinga

Privately-held Morphogenesis Inc has agreed to combine with CohBar Inc (NASDAQ: CWBR ) in an all-stock transaction forming a company combining expertise and resources to advance a late-stage oncology pipeline. The combined company will focus on advancing Morphogenesis' two technologies that seek to overcome the major obstacles that limit the effectiveness of current immunotherapies in treating cancer.

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Benchmark International’s Brittney Zoeller Named Among Top 10 Inspiring Women Leaders Of 2023

Benchmark Report

We are proud to announce that our very own Brittney Zoeller, Global Creative & Brand Strategy Director at Benchmark International, has been named among the Top 10 Inspiring Women Leaders of 2023 by Industry Era Women Leaders magazine.

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Cancer Diagnostic Firm Theralink To Merge With IMAC Holdings

Benzinga

Theralink Technologies Inc and IMAC Holdings Inc (NASDAQ: BACK ) have entered into a merger agreement under which Theralink will merge with a newly-formed wholly-owned subsidiary of IMAC in a stock-for-stock reverse merger transaction. If completed, the merger will result in a combined company focusing on end-to-end proteomics testing. The Theralink Test for Advanced Breast Cancer measures the abundance and activation of 32 clinically actionable biomarkers.

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Top 5 Integration Best Practices to Achieve Maximum Revenue Synergies

M&A Leadership Council

It Is Up To You to Stack the Deck By Mark Herndon, Chairman Emeritus, M&A Leadership Council Integration is tough. There are no formulas. No cookie-cutter patterns. Seldom a simple solution. But as my friend and President Emeritus of the M&A Leadership Council, Jack Prouty, says – there is a way you can “stack the deck for success.” Your organization can diligently apply specific integration best practices - proven to yield demonstrable business results , and do just that.

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Why Wyndham Hotels & Resorts Stock Is Rising Today

Benzinga

Wyndham Hotels & Resorts, Inc. (NYSE: WH ) shares are up Tuesday on chatter Choice Hotels (NYSE: CHH ) is considering buying the company. What To Know: According to a Wall Street Journal report citing people familiar with the matter, Choice Hotels aims to acquire Wyndham Hotels. The deal, if completed, could result in one of the biggest budget hotel owners.

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What Thomson Reuters is doing with AI to help customers

ThomsonReuters

The term “artificial intelligence” (AI) has come to mean many things, from the brains behind such digital assistants as Siri and Alexa to the supposedly unstoppable technological force that will eventually take everyone’s job away. In truth, however, AI is really just another tool developed by humans to help them perform certain tasks faster and easier.

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Secure an SBA Loan for A Small Business

Peak Business Valuation

Running a small business comes with many financial challenges. Often, these challenges are a major deterrent for individuals considering entrepreneurship. For this reason, the Small Business Administration has designed several loan programs to provide financial assistance to small business owners like you. These loan programs are commonly known as SBA loans for small businesses or SBA financing.