Wed.Feb 21, 2024

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ValuAsia Connect Webinar Series: Environment, Social and Governance

IVSC

Introduction Welcome to ValuAsia Connect, a webinar series specifically tailored for valuation professionals and stakeholders throughout Asia. Co-organised by the International Valuation Standards Council (IVSC) and the Institute of Valuers and Appraisers, Singapore (IVAS), this series seeks to address the evolving landscape of valuation practices in the Asia-Pacific region.

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Chancery Invalidates Elon Musk’s $55.8 Billion Equity Compensation Package

Harvard Corporate Governance

Posted by Sean Feller, Krista Hanvey, and Christina Andersen, Gibson, Dunn & Crutcher LLP, on Wednesday, February 21, 2024 Editor's Note: Sean Feller and Krista Hanvey are Partners, and Christina Andersen is Of Counsel at Gibson, Dunn & Crutcher LLP. This post is based on their Gibson memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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Trending Sources

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Deploying generative AI in US state governments: Pilot, scale, adopt

Mckinsey and Company

States could have much to gain from using generative AI tools in their operations. A low-risk strategy may be to test some applications while preparing a longer-term implementation plan.

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Incorporating Responsibility

Harvard Corporate Governance

Posted by Andrew Verstein, UCLA School of Law, on Wednesday, February 21, 2024 Editor's Note: Andrew Verstein is a Professor of Law at UCLA School of Law. This post is based on his article forthcoming in The Yale Journal on Regulation. Related research from the Program on Corporate Governance includes The Case for Increasing Shareholder Power and Letting Shareholders Set the Rules both by Lucian A.

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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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How generative AI could revitalize profitability for telcos

Mckinsey and Company

The new technology offers the sector a real opportunity to reverse its stagnant fortunes. But seizing it will require embracing innovation and agility to an unprecedented degree.

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ESG Preparedness of Boards for 2024

Harvard Corporate Governance

Posted by Frederik Otto, The Sustainability Board, on Wednesday, February 21, 2024 Editor's Note: Frederik Otto is the Founder and Executive Director of The Sustainability Board (TSB). This post is based on his TSB 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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More Trending

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Best Practices for Enhancing Frontline Efficiency in Banking

N Contracts

Employees on the frontline are some of the most recognized and busy members of your financial institution's staff. They serve consumers and meet their needs while helping your institution meet its strategic goals.

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Healthcare in Latin America: What are consumers looking for?

Mckinsey and Company

A survey of more than 4,200 people paints a picture of typical healthcare consumers in Latin America, including their tendency to defer care and their desire for more convenient settings of care.

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FTC Says Twitter Staff Prevented Musk Violating Privacy Order

Law 360 M&A

The Federal Trade Commission told the House Judiciary Committee on Wednesday that were it not for Twitter employees disobeying Elon Musk's orders to grant some reporters "full access to everything. no limits at all" to the social media platform's systems, the company may have violated a 2022 FTC consent decree.

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Global Economics Intelligence executive summary, January 2024

Mckinsey and Company

The global economy was more resilient than anticipated in 2023, but there were patchy bright spots; 2024 brings further ambiguity.

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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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Cruise Line Hornblower Hits Ch. 11 With Over $1B Debt

Law 360 M&A

Cruise line and ferry service Hornblower Group Inc. and affiliates on Wednesday filed for Chapter 11 bankruptcy protection in Texas with a plan to cut $720 million from its more than $1 billion of debt through a deal that will hand majority control to private equity firm Strategic Value Partners.

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What it will take for telcos to unlock value from network APIs

Mckinsey and Company

Network APIs offer telcos a chance to finally generate sizable returns on their massive 5G investments, but doing so will require changing some of their traditional ways of doing business.

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The BT Tower, a Once-Futuristic London Landmark, Will Become a Hotel

NYT M&A

The tower, once used to send telecom traffic, has been sold and will be transformed by the company that turned the TWA terminal at Kennedy Airport into a hotel.

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Taking Your Spouse on a Business Trip? Can You Write off the Costs?

Machen McChesney

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips.

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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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BuzzFeed Sells Complex, a Pop Culture Start-Up, for $108.6 Million

NYT M&A

The digital-media company, which has plunged in value, is selling the unit to Ntwrk at a significant discount from its 2021 purchase price.

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Consider the Best Payroll Method

Machen McChesney

The ways to pay employees — especially as money continues moving into the digital sphere — have proliferated. You have options. Choose the one that best fits your business. You may want to peruse the different methods to see which makes the most sense for your business in terms of costs and employer responsibilities.

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A Post-Mortem Analysis Of Stroock's Demise

Law 360 M&A

After the dissolution of 147-year-old firm Stroock late last year shook up the legal world, a post-mortem analysis of the data reveals a long list of warning signs preceding the firm’s collapse — and provides some insight into how other firms might avoid the same disastrous fate, says Craig Savitzky at Leopard Solutions.

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Samsung Divests ASML Stake to Bolster Chipmaking Capabilities Amid Global Tech Race

Benzinga

Samsung Electronics Co (OTC: SSNLF ) has recently divested its entire remaining stake in ASML Holding NV (NASDAQ: ASML ) during the December quarter, marking a strategic move to diversify and expand its footprint in the chipmaking industry. This divestiture involved the sale of approximately 1.58 million shares, representing a 0.4% stake in the Dutch semiconductor equipment maker.

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Benchmark International Successfully Facilitated the Transaction Between Taglicht Media GmbH and a Group of Private Investors

Benchmark Report

Cologne, Germany – In a strategic move to support its further growth, Taglicht Media has announced a minority change in ownership facilitated by Benchmark International. The transaction, completed in February 2024, sees a group of private investors from the UK and Germany acquiring a minority stake in the company, while former owners and managing directors Uli Veith and Bernd Wilting will stay on board, not only as majority shareholders, but also as managing directors.

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Carving Out a Business from an IT Perspective

M&A Leadership Council

A Well Written TSA Eases IT Transitions By William Blandford, Managing Director at Blandford Associates While many people have participated in the acquisition of a business, fewer have participated in a carve-out, a type of divestiture where a part of a business is sold. However, as businesses move toward a portfolio-management model, where they are both acquiring new businesses and shedding loss leaders, effectively managing divestitures will become an increasingly important skill.

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Benchmark International Successfully Facilitated the Transaction Between ARC Technology Limited and Software Circle PLC

Benchmark Report

Software investor, Software Circle, has acquired ARC Technology, provider of software solutions for the management of practice-based learning to higher education institutions.

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Comment on It’s Just Responsible Journalism! by Bill Johnson

Appraisers Blog

Selective journalism is for those who have an agenda. Did you know that Dustin Harris was fired from True Footage? Did you know he sold his appraisal business a couple of years back? [link] After being able to post on his site for 6 years, he suddenly doesn’t want me telling him and or the others who buy his VHS tapes the reality, “I told you so” To others out there, “seek the truth”, as plenty of people in power actively try and hide from those who want to know.

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BREAKING: Biden's Latest Judicial Picks Include Miner Barnhill Vet For 7th Circ.

Law 360 M&A

President Joe Biden announced five judicial nominees on Wednesday to serve on the Seventh Circuit as well as on district courts in Illinois, Arizona and the District of Columbia.

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Time to Close

Exit Strategy

Median time to close remains somewhat consistent year-over-year, with businesses generally selling within one year of a listing engagement. Main Street deals typically close faster due to reduced due diligence demands. Follow these links for more information on Exit Planning Benefits, common Exit Options, and the Exit Planning Process. About the Market Pulse Survey — Each quarter, […] The post Time to Close appeared first on Exit Strategies Group, Inc.

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Former Exec Convicted Of Medtronic Insider Trading Scheme

Law 360 M&A

A Minneapolis man who tipped off a friend about his employer's secret negotiations on a $1.6 billion acquisition deal with medical device company Medtronic has been convicted of securities fraud and conspiring to commit insider trading, the Minnesota U.S. Attorney's Office has announced.

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VIZIO Faces Analyst Downgrades Amid Walmart Acquisition, Impact On Roku

Benzinga

Shares of VIZIO Holding (NYSE: VZIO ) closed lower on Wednesday amid a series of downgrades from Wall Street analysts. JPMorgan downgraded the stock to Neutral, while raising their price target to $11.50 Craig-Hallum downgraded Vizio stock to Hold Roth MKM downgraded the stock to Neutral, lowering their price target to $11.50 A review of ratings and analysis (both fundamental and technical) by Benzinga also indicates Vizio to be a very unpromising asset.

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SPAC Boom Costs Auditor $2M In PCAOB Fine

Law 360 M&A

New Jersey-based auditing firm WithumSmith+Brown PC was sanctioned with a $2 million fine Wednesday by the Public Company Accounting Oversight Board, which accused the company of taking on more work than it could handle as the market for special purpose acquisition companies boomed.

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SBA Loans for Starting a Business

Peak Business Valuation

Experts estimate that over 4 million businesses are started every year in the United States. 80% of these businesses are likely to survive their first year. However, statistics show that 90% of startups fail within 5 to 10 years. One of the most common reasons for startup failures is a lack of financing. If you plan to start a business, securing financing may be the difference between success and failure.

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Judge Suggests EV Maker Investor Suit Too Vague To Survive

Law 360 M&A

A Colorado federal magistrate judge recommended the dismissal of a shareholder suit against commercial electric vehicle company Lightning eMotors, finding the shareholders failed to bring specific allegations that the company knowingly misled investors on matters like its production capacity and its business relationship with Amazon.

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UK’s scramble for sheds could be the start of a deals boom

Financial Times M&A

Deals could beget deals, with bigger companies meaning increased share liquidity which should broaden investor appeal

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Lutnick, Cantor Hit With Chancery Suit Over BGC Reorg

Law 360 M&A

An investor in brokerage and financial tech firm BGC Partners Inc. whose shares were converted when it reorganized in July has filed a proposed class action in Delaware's Court of Chancery against billionaire Howard W. Lutnick and New York financial services firm Cantor Fitzgerald LP, alleging the reorganization was unfair.

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AMA: Isabel Sachs, founder of I LIKE NETWORKING

Vested

We sat down with Isabel Sachs, founder of I LIKE NETWORKING, to discuss diversity, productivity, and why inspirational quotes might not be the way to motivate yourself.

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Consumer Data Co. Gets OK For $50M Ch. 11 Sale

Law 360 M&A

A Delaware bankruptcy judge Wednesday approved the $50 million sale of Near Intelligence after being told that unsecured creditors' objections to the California-based consumer data gathering platform's Chapter 11 plan had been resolved.

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Card network challenge may bolster Capital One’s case for Discover

Financial Times M&A

Proposed $35bn takeover faces an ‘aggressive sheriff’ in US competition authorities

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