Thu.Jun 29, 2023

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The Rise of International ESG Disclosure Standards

Harvard Corporate Governance

Posted by David A. Cifrino, McDermott Will & Emery LLP, on Thursday, June 29, 2023 Editor's Note: David A. Cifrino is Counsel at McDermott Will & Emery LLP. This post is based on his MWE memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Sneak Peek: The DealStats Value Index

BVR

The DealStats Value Index is BVR's quarterly publication that gives you a window into the latest insights on private-company acquisitions with important data analysis drawn directly from the DealStats database. This excerpt comes from the latest issue for the first quarter of 2023 and is just the tip of the iceberg when it comes to the index!

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The Bipartisan SEC Whistleblower Reform Bill: Building on Success

Harvard Corporate Governance

Posted by Allison Herren Lee, Kohn, Kohn & Colapinto LLP, on Thursday, June 29, 2023 Editor's Note: Allison Herren Lee is Of Counsel at Kohn, Kohn & Colapinto LLP. This post is based on her Kohn, Kohn, & Colapinto piece. The SEC’s whistleblower program has been a resounding success – a point that has been echoed by SEC Chairs and Commissioners from both sides of the aisle.

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National Geographic Lays Off More Writers

NYT M&A

The company did not specify how many were shed and said that the magazine, known for its focus on discovery and exploration, would continue to be published on a monthly basis.

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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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Unleash the power of APIs with an automation consultation

ThomsonReuters

As most of us know, tax and accounting automation involves s treamlining and standardizing tax inputs and workflow processes using technology. The result is more accurate results in less time — and more time for rewarding, high-value work that engages staff and wows clients. While standard tax software offers some of these benefits, the most transformative results come as a result of the holistic integration of APIs.

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Sony's Confidential Document Accidentally Reveals Massive Call of Duty Earnings On PlayStation

Benzinga

A leaked document accidentally revealed the revenue generated by the Call of Duty franchise on Sony Group Corp.'s (NYSE: SONY ) PlayStation platforms. The document was initially submitted as evidence in the ongoing legal proceedings between the Federal Trade Commission (FTC) and Microsoft Corp. (NASDAQ: MSFT ) regarding its proposed acquisition of Activision Blizzard Inc.

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How to manage challenging tax clients

ThomsonReuters

Managing tax clients isn ’ t always easy. Providing good customer service is essential to growing your tax and accounting practice but, as many professionals have come to realize, dealing with difficult clients can be hard. Some tax clients may be too demanding, disrespectful to staff, or fail to adhere to firm policies and procedures. The problem is that challenging or tough clients can hinder a firm ’ s job performance and profitability, and they can negatively impact staff morale.

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A national catalyst for innovation

Mckinsey and Company

Nicolas Dufourcq, CEO of Bpifrance, a French state-owned public investment bank, discusses the importance of fostering innovation through public investment in private enterprise.

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Energy & Sustainability M&A Activity – June 2023

National Law Review M&A

Three mergers and acquisitions took place in the renewable energy sector in May and June 2023. These included a solar energy company, a wind and solar developer, and a producer of of emissions free natural gas technology.

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Christmas Tree Shops Gets Supplemental DIP After Default

Law 360 M&A

A Delaware bankruptcy court Thursday approved an emergency supplemental debtor-in-possession financing agreement for Christmas Tree Shops after missing case milestones sent it into default on its existing DIP, overruling objections from the retailer's landlords who said they were getting squeezed.

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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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Navigating Tax Issues Related to Short-Term Rentals

Gross Mendelsohn

Short-term rentals are all the rage in real estate investing. With droves of vacationers and business travelers using Airbnb and VRBO to seek out homey, comfortable spaces that hotels don’t offer, short-term rentals can be an outstanding real estate investment. Although short-term rentals can get special tax treatment from the IRS and have significant benefits, you should know the tax-related pitfalls to avoid.

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Rail Merger Challenge Moved From 7th Circ. To DC

Law 360 M&A

A Seventh Circuit judge has shipped an appeal filed by a group of Illinois towns challenging the Surface Transportation Board's approval of Canadian Pacific's $31 billion merger with Kansas City Southern to the D.C. Circuit, where it has been consolidated with two other appeals opposing the deal.

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AI boom forces tech companies to make M&A choice

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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FTC Faces Skeptical Judge As Microsoft Merger Hearing Ends

Law 360 M&A

A California federal judge appeared dubious Thursday of the Federal Trade Commission's bid to block Microsoft's $68.7 billion merger with Activision Blizzard Inc. during closings of a five-day hearing, criticizing the FTC expert's analysis and suggesting others could create a game rivaling Activision's Call of Duty.

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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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Bankers’ fees plunge to near-decade low owing to deal drought

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Deal Rumor Mill: TRP Energy, Purell, Group Black

Law 360 M&A

TRP Energy’s Permian basin assets could attract $1.5 billion, bids for Purell maker Gojo Industries miss the mark, Black-owned media company Group Black mulls majority stake in Sports Illustrated’s publisher. Here, Law360 breaks down the notable deal rumors from the past week.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Tom

Appraisers Blog

In reply to Joseph Stachow Jr. Wokeism and diversity hiring are perfect social examples of the Peter Principal. Fudge has reached her peak and has now failed through promotion to a high rank via wokeism and diversity. All she is able to do now is project her broken mentality and insecurities onto those she does not like. I would be surprised if she actually would have concepts in mind to fix anything in her realm much less any asymmetric thinking that might result in any new and improved methodo

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How to Calculate Customer Lifetime Value (LTV) for Your SaaS Business

Lighter Capital

What's more important than revenue to a SaaS founder? Customers. Though, sometimes it can feel difficult to separate one from the other when you're deep into your startup's financials and business metrics. That may provide a plausible explanation as to why customer lifetime value (LTV) — the average revenue generated during a customer's entire relationship with a company — has become such a critical metric.

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The Truth Behind Automation: Debunking the Top 4 Myths

Audit Board

How often have you heard the phrase, “We need to implement automation,” over the past year? And how many times have you invested in automation software only to find out it didn’t meet your specific requirements? The widespread adoption of digital transformation, accelerated since the onset of COVID, has created an urgent need for Information Security, Compliance, and Risk teams to navigate the risks associated with emerging software.

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How to Use an SBA Loan to Purchase a Business

Peak Business Valuation

Have you always dreamed of owning your own business ? Maybe you have a passion for baking and dream of opening a bakery. Or, perhaps you have a knack for fixing things and want to start an appliance repair company. Whatever your entrepreneurial ambitions, one common challenge for many aspiring business owners is securing the necessary funding to get started.

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Siebrand Wolberink of SoftwareOne Builds Forward-Looking Internal Audit Teams

Audit Board

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. In this episode, Richard sits down with Siebrand Wolberink, Chief Audit Executive at SoftwareOne , to discuss his experiences building and leading internal audit teams at high-growth companies, including: To be an innovative Agent of Change, you must be willing to experiment — yi

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How to Value a Retail Trade Business

Peak Business Valuation

In recent years, the retail trade industry has generated over $8 trillion dollars with growing profit margins. According to IBIS World , this upward trend will continue for the next several years. As such, there is a high revenue and profit growth opportunity for those looking to buy , grow , or sell a retail trade business. However, this industry is highly saturated with intense competition.

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Enhance Payroll Efficiencies

Redpath

Inefficient payroll processes waste staff time, invite mistakes, and hinder your ability to see and analyze vital data for business decision-making. We often associate efficiency with speed, but truly efficient processes must also be thorough and accurate. Are you sure you are doing everything required when it comes to payroll—and doing it right?

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Visa Outpaces Mastercard in Race to Acquire Pismo, Eyeing Greater Support for Emerging Payment Rails

Benzinga

Visa Inc (NYSE: V ) agreed to acquire Pismo , a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific, and Europe, for $1 billion in cash. Pismo is a Brazilian cloud-based payment and banking platform provider. The acquisition will position Visa to provide core banking and issuer processing capabilities across debit, prepaid, credit, and commercial.

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#CofounderPrenups and why they matter: The Mysterious Stranger

Vested

Everything he touched had turned to gold in the first dot.com boom. And on account of his unbroken winning streak, Mark’s* defences were down when he was approached by a super successful but mysterious would-be co-founder.

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Sigilon Therapeutics Shares Are Shooting Higher Today - What's Going On

Benzinga

Sigilon Therapeutics Inc (NASDAQ: SGTX ) shares are skyrocketing after Eli Lilly And Co (NYSE: LLY ) agreed to acquire the company for a purchase price of $14.92 per share in cash (an aggregate of approximately $34.6 million). Sigilon is also entitled to one non-tradeable contingent value right ("CVR") per share to receive up to an additional $111.64 per share in.

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#CofounderPrenups and why they matter: The Friend

Vested

Tom* and James had been in the same circle for years so starting a business together was a no-brainer. They set out with the best of intentions and absolutely no prenup whatsoever. What could possibly go wrong?

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Why Carriage Services Shares Are Soaring Today

Benzinga

Carriage Services Inc (NYSE: CSV ) shares surged after its Board of Directors initiated a process to explore potential strategic alternatives. The options include sale, merger or other potential strategic or financial transactions to maximize shareholder value. The move comes a week after the company appointed Full story available on Benzinga.

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FCF Automotive Supplier Market Study – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF AUTOMOTIVE SUPPLIER MARKET STUDY – 05/2023”. Based on available data from European automotive suppliers, the FCF AUTOMOTIVE SUPPLIER MARKET STUDY is a detailed. Read more The post FCF Automotive Supplier Market Study – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Why Are Immunome Shares Trading Higher Today

Benzinga

Immunome Inc (NASDAQ: IMNM ) and Morphimmune have announced a merger agreement in an all-stock transaction. Combined company to operate as Immunome and retain the same ticker symbol, headquartered in Seattle, WA Clay B. Siegall was appointed CEO, President, and Chairman of Immunome's Board. The companies also announced a private placement investment of $125 million with participation from Enavate Sciences, EcoR1 Capital, Redmile Group, Janus Henderson Investors, Full story available on Benzi

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Life Sciences Venture Capital Monitor – Europe 05/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 05/2023”. The Monitor is a monthly published overview of venture capital trends in the European Life Sciences. Read more The post Life Sciences Venture Capital Monitor – Europe 05/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Golden Triangle Ventures Acquires Le Pragma CBD Wellness Brand

Benzinga

Golden Triangle Ventures, Inc. (OTCPK:GTVH) has fully acquired all assets and intellectual property of Le Pragma, LLC, a full retail line of all-natural, health, wellness, and beauty products. Created by the founders of Sonder Fulfillment , a wholly-owned subsidiary of GTV, Le Pragma is health and wellness brand, powered by the therapeutic benefits of novel cannabinoids.

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Deal Lawyers Download Podcast — Survey of CVRs: Key Components and Market Trends

John Jenkins

Late last month, John blogged about a recent Sidley memo that reviewed all announced public transactions from January 1, 2018 through April 30, 2023 that included CVRs as part of the consideration and identified the key components of CVRs and trends in their terms.

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Health Care Company Eli Lilly Announces Acquisition of Sigilon Therapeutics

Benzinga

Eli Lilly (NYSE: LLY ) has announced an acquisition of Sigilon Therapeutics (NASDAQ: SGTX ) that is expected to be completed in Q3 of 2023. Under the terms of the agreement, Eli Lilly has agreed to give Sigilon Therapeutics $309.60 million in cash in exchange for SGTX stock. About The Companies Involved Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology.

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