Wed.Jun 14, 2023

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Voice Through Divestment

Harvard Corporate Governance

Posted by Marco Becht (Solvay Brussels School of Economics and Management), Anete Pajuste (Boston University), and Anna Toniolo (Harvard University), on Wednesday, June 14, 2023 Editor's Note: Marco Becht is a Professor of Finance at Solvay Brussels School of Economics and Management; Anete Pajuste is a Professor of Finance at Stockholm School of Economics (Riga), and Visiting Lecturer at Questrom School of Business, Boston University; and Anna Toniolo is Postdoctoral Fellow at the Program on Co

Finance 252
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IVSC Webinars Series 2023 – Bios

IVSC

Doug McPhee Senior Director - Head of Valuations at Public Investment Fund (PIF) Doug McPhee is Senior Director - Head of Valuations at the Public Investment Fund (PIF). Prior to joining PIF, Doug was a Corporate Finance Partner and Global Valuation Leader for KPMG. He was a Panel Member at the UK's Financial Reporting Council (FRC) from 2016-2022 and Vice Chair of the CBV Institute Board of Directors from 2017-2020.

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SEC Enforcement Mid-Year Review

Harvard Corporate Governance

Posted by Elizabeth P. Gray, A. Kristina Littman, and Adam Aderton, Willkie Farr & Gallagher LLP, on Wednesday, June 14, 2023 Editor's Note: Elizabeth P. Gray , A. Kristina Littman , and Adam Aderton are Partners at Willkie Farr & Gallagher LLP. This post is based on a Willkie memorandum by Ms. Gray, Ms. Littman, Mr. Aderton, Leigh Coutoumanos and Erik Holmvik.

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The case for compliance as a competitive advantage for banks

Mckinsey and Company

Banks that build common ground between their compliance functions and business leaders who shape strategy can open paths to better customer experience, greater productivity, and resilient growth.

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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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Rhythm Systems vs. Align: Choosing the Perfect Rhythm for Success

Rhythm Systems

When it comes to selecting the right software for your company's performance management and goal-setting needs, the choice between Rhythm Systems and Align Today is an important one. While both platforms offer valuable features, I'll share why Rhythm Systems is the superior choice for many organizations. We will explore three key factors that set Rhythm apart from Align: customization, training and support, and integrations.

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Rewired pharma companies will win in the digital age

Mckinsey and Company

Despite progress, most pharma companies have not fully rewired their tech, tools, and operating models to realize their digital and analytics ambitions. Five actions can help them achieve scale.

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What is digital transformation?

Mckinsey and Company

Digital transformation is the rewiring of an organization, with the goal of creating value by continuously deploying tech at scale.

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Vodafone and Three agree merger to form UK’s largest mobile operator

The Guardian M&A

Deal to combine firms’ British telecoms networks likely to face competition scrutiny Vodafone and the owner of Three have agreed a deal to merge their British telecoms networks in a move that will create the UK’s largest mobile phone operator. The two companies are the UK’s third- and fourth-biggest operators respectively. The newly combined company will, if the merger is completed, have more than 27 million subscribers, leapfrogging rivals EE, owned by BT, and Virgin Media O2, owned by Spain’s

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Customer-centric transformation in government

Mckinsey and Company

Public-sector organizations work best when they design from the perspective of the people they serve, use data well, and adapt quickly to capture productivity benefits.

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2 Firms Lead Entertainment-Focused SPAC's $100M Offering

Law 360 M&A

ESH Acquisition Corp., a blank check company led by industry veterans targeting entertainment, sports and hospitality, on Wednesday announced the pricing of its initial public offering at $100 million.

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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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Getting ready for next-generation E/E architecture with zonal compute

Mckinsey and Company

The next generation of electrical/electronic architecture will play a vital role in the software-defined vehicles of the future—OEMs and chip makers need to be strategic in their choices.

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Bankrupt Bed Bath & Beyond Gets Approval For $240M DIP

Law 360 M&A

A New Jersey bankruptcy judge Wednesday gave final approval for retailer Bed Bath & Beyond to receive $240 million in debtor-in-possession financing, including $40 million of new money, from Sixth Street Specialty Lending Inc. and affiliates.

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Want more efficient finance and HR functions? Become more effective

Mckinsey and Company

In finance and HR functions, targeted improvements in effectiveness can dramatically improve these units’ cost efficiency.

Finance 98
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Rethinking In-Office Attendance For Associate Retention

Law 360 M&A

The hybrid office attendance model doesn't work for all employees, but it does for many — and balancing these two groups is important for associate retention and maintaining a BigLaw firm culture that supports all attorneys, says Summer Eberhard at Major Lindsey.

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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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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Michael Ford

Appraisers Blog

I typically respect or concur with Dave on most topics. Not this one. I still respect him but strongly disagree with his arguments. I also took the survey which was restrictively worded. One of two answers. Absolutes. The key is “market significant” or “demonstrably market recognized.” It has nothing to do with price a builder seeks to charge.

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Microsoft Trying To Control FTC Activision Case Timeline

Law 360 M&A

With a looming July 18 deadline baked into their merger agreement, Microsoft Corp. and Activision Blizzard Inc. sought Wednesday to control the timeline on the Federal Trade Commission's newly filed California federal court lawsuit that they said "is the only decision that matters," not an ongoing agency in-house challenge.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to David. Okay Bucky your defense is, “the computer told me so?” That won’t hold in court. You need to show what the algorithms do, all information entered and why it told you what it did. I can fully explain what I did. So you want to trust your reports to the algorithms that Zillow used to buy up houses and tell you what is wrong with your reports?

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Feds Hit Back At Airlines' Carveout Bid After Antitrust Loss

Law 360 M&A

Antitrust enforcers who successfully challenged a regional alliance between JetBlue and American Airlines told a Boston federal judge they were blindsided by the carriers' proposed final judgment, including a request to allow them to continue codesharing and frequent flyer agreements already deemed to violate the law.

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Second activist investor reveals stake in gambling group 888

Financial Times M&A

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

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Realising tangible value from AI responsibly

Avanade

As AI continues to evolve, IT leaders will need to stay up to date with the latest developments and invest in the right technologies and tools to stay ahead of the curve.

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Vodafone: sceptical CMA will check if adding Three equals 5G

Financial Times M&A

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

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Free Cash Flow – A Key Metric for Financial Analysis

Valutico

Understanding Free Cash Flow: A Key Metric for Financial Analysis In the dynamic landscape of finance, it is essential to have a comprehensive understanding of a company’s financial health. One metric that provides valuable insights into a company’s ability to generate cash and meet its financial obligations is free cash flow. This article aims to provide a detailed exploration of free cash flow, including its definition, calculation methodology, significance in financial analysis, i

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ESG Reporting: How to Navigate the ESG Disclosure Maze

Audit Board

ESG reporting is the new frontier for enterprise disclosures, becoming another avenue through which investors and stakeholders make critical decisions. With over 90% of the S&P publishing ESG reports to demonstrate their commitment to civil and environmental matters, enterprises and their decision-makers should consider whether ESG reporting will or should be part of their public reporting.

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Valuing Intangible Assets: Challenges and Considerations in Business Valuation

RNC

In the world of business, determining the value of assets is a crucial component of financial decision-making. However, while tangible assets such as property and equipment are relatively straightforward to evaluate, intangible assets present a unique set of challenges. Intangible asset valuation has emerged as a vital aspect of business valuation, requiring careful consideration and expertise.

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Calhoun Speaking in AICPA Webinar

Auto Dealer Valuation Insights

Karolina Calhoun, CPA, ABV, CFF is speaking in the AICPA webcast, Two Perspectives on the Path to Becoming an FVS Expert for Litigation, on Tuesday, June 27, 2023. Karolina will present her perspective alongside Greg P. Saunders, CPA/ABV, ASA as they discuss ways valuation appraisers and forensic accountants can further their careers in litigation. They’ll walk through how to gain expert witness.

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Baker McKenzie Hires Transactional Team From Paul Hastings

Law 360 M&A

Baker McKenzie announced Wednesday that it has hired a team of former Paul Hastings LLP transactional lawyers who advise on equity and debt offerings, financings, mergers and acquisitions, and restructurings.

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Trout CPA Welcomes 15 Accounting Interns for Summer 2023

Trout CPA

Trout CPA is excited to welcome 15 accounting interns this summer. These interns will gain invaluable experience and knowledge as they work alongside the firm's seasoned professionals, providing them with the tools and skills they need to succeed in their future careers. Trout CPA's Accounting Internship Program is from Monday, June 5th through Thursday, July 29th.

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When Does Due Diligence Begin and Who Conducts It?

M&A Leadership Council

The Art of M&A / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS™ credential. To support CMAS® candidates preparing for the CMAS® exam, we are pleased to continue our feature column, CMAS® Corner, by noted author and expert, Alexandra Reed Lajoux.

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Information Needed to Hire a Bookkeeper

Peak Business Valuation

When you hire a bookkeeper, they need specific information to keep accurate financial records. Hiring a bookkeeper for your small business is one of the best ways to know and track your numbers. Having accurate financials is essential to maximizing the value of a business. As a bookkeeper, Peak Bookkeeping is responsible for keeping accurate financial records for your business.

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Hairmax Appoints Ryan F. Zackon as Chief Executive Officer

Benzinga

BOCA RATON, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- Hairmax, the pioneer and global leader in transformative hair regrowth, announced today that it has appointed Ryan F. Zackon as its Chief Executive Officer. He assumed the role on May 23, 2023. Mr. Zackon is a highly regarded veteran of the CPG and Health and Wellness categories, and a dynamic brand builder with over a decade of CPG leadership experience.

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Vodafone, Three Seal Merger To Form Leading Mobile Network

Law 360 M&A

Vodafone and the owner of Three said Wednesday that they have agreed to merge their U.K. telecoms networks to create a mammoth mobile operator in Britain with a potential enterprise value of £16.5 billion ($20.9 billion).

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Darden Closes Ruth's Hospitality Acquisition; RUTH Ceases Trading On Nasdaq

Benzinga

Darden Restaurants Inc (NYSE: DRI ) closed the acquisition of Ruth's Hospitality Group, Inc (NASDAQ: RUTH ) in cash for $21.50 per share. The price translates to an equity value of approximately $715 million. With the acquisition, Ruth's Chris Steak House brand is added to Darden's brand portfolio, which includes Olive Garden, LongHorn Steakhouse, Full story available on Benzinga.

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Benchmark International Successfully Facilitated the Transaction Between James Hamilton & Company (Lurgan) Limited and Zeus Group

Benchmark Report

Benchmark International is pleased to announce the acquisition of James Hamilton Group by Zeus Group. Established in 1923 in Northern Ireland, James Hamilton Group is a multidisciplinary B2B distributor of packaging, label production, office supplies, and personal protective equipment services across multiple sectors including retail, food and beverage production, logistics, and distribution.

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It's Official - Vodafone-CK Hutchison Finally Discloses Merger Deal Of UK Businesses

Benzinga

Vodafone Group PLC (NASDAQ: VOD ) inked a deal with CK Hutchison Group Telecom Holdings Limited (CKHGT) to merge their UK telecommunication businesses. CKHGT is a subsidiary of CK Hutchison Holdings Ltd (OTC: CKHUY ) (OTC: CKHUF ). Post-merger of Vodafone UK and Three UK, Vodafone will own 51% of the combined business, and CKHGT will have the remaining 49%.