Harvard Corporate Governance

OCTOBER 13, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, October 13, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 6-12, 2023 The DNA of 2023 U.S. Sustainability Reports Posted by Martha Carter, Matt Filosa, Diana Lee, Teneo, on Friday, October 6, 2023 Tags: Board of Directors , CEOs , ESG , Sustainability AI and the Role of the Board of Directors Posted by Holly J.

Marketability 188

Marketability 188

Mckinsey and Company

OCTOBER 13, 2023

With technologies like edge computing, AI, and xRAN transforming telecom, leaders are reassessing how to capture value. Rethinking talent is a key piece of the puzzle.

Technology 142

Technology 142

Harvard Corporate Governance

OCTOBER 13, 2023

Posted by Chuck Callan, and Mike Donowitz, Broadridge, on Friday, October 13, 2023 Editor's Note: Chuck Callan is a Senior Vice President of Regulatory Affairs and Mike Donowitz is a Vice President Regulatory Affairs at Broadridge Financial Solutions. This post is based on their Broadridge memorandum. Highlights from the 2023 Proxy Season Shareholder support overall is at its lowest level in five years.

Marketability 164

Marketability 164

NYT M&A

OCTOBER 13, 2023

The megadeal could strengthen Microsoft’s standing in the video game industry, after a year and a half of negotiations with regulators around the world.

Mergers & Acquisitions 142

Mergers & Acquisitions Marketability 142

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

BVR

OCTOBER 13, 2023

As business valuators, we know well that interest rates can impact the value of a business in a number of ways. So what do interest rates have to do with it?

Business Valuation 100

Business Valuation 100

NYT M&A

OCTOBER 13, 2023

With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.

Mergers & Acquisitions 121

Mergers & Acquisitions 121

The Guardian M&A

OCTOBER 13, 2023

Completion of sale follows regulator’s decision to allow it after competition concerns were addressed Microsoft has completed its $69bn (£57bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, after the UK’s competition watchdog cleared the acquisition. The Competition and Markets Authority (CMA) had moved to block the deal in April , citing concerns that Microsoft – the maker of the Xbox gaming console – would dominate the nascent cloud gaming ma

Marketability 111

Marketability Technology 111

Redpath

OCTOBER 13, 2023

Accounting and finance are essential functions for business success. Outsourcing some or all of this work can bring many benefits to firms of any size.

Finance 92

Finance 92

NYT M&A

OCTOBER 13, 2023

The company found a way to placate three of the most powerful regulatory bodies in the world, along with a federal judge in San Francisco.

Mergers & Acquisitions 93

Mergers & Acquisitions Marketability 93

Benzinga

OCTOBER 13, 2023

Clinical-stage psychedelics biotechs Canada-based Cybin Inc. (NYSE: CYBN ) and UK-based Small Pharma Inc. (OTCQB: DMTTF ) held their respective annual general and special shareholders meeting on October 12. They announced that voting results favored the arrangement plan for the latter’s acquisition by the former. The TSX Venture Exchange conditionally approved the arrangement.

Marketability 78

Marketability 78

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

Mckinsey and Company

OCTOBER 13, 2023

Industrial companies can overcome many of the blockers to the cloud—if key elements of site-level architecture are in place.

101

101

Law 360 M&A

OCTOBER 13, 2023

Consumers convinced the Ninth Circuit to speed up Live Nation and Ticketmaster's appeal of an order refusing to send the proposed class action over their 2010 merger into arbitration, rejecting the companies' assertions that there's no reason for expedited treatment.

75

75

Financial Times M&A

OCTOBER 13, 2023

Competition and Markets Authority’s decision came after several twists and turns

Marketability 110

Marketability 110

NYT M&A

OCTOBER 13, 2023

Approval from British regulators for the $69 billion takeover was the last hurdle left for the tech giant, which saw off serious challenges to the transaction.

Mergers & Acquisitions 69

Mergers & Acquisitions Marketability 69

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

Appraisers Blog

OCTOBER 13, 2023

Unfortunately, I haven’t taken the time to read and digest all of the above, but one thing has always jumped out at me about the whole scenario. To reference a photograph as an “inspection” is misleading enough on its own, but to put “observation” and “inspection” in the same sentence as if they mean the same thing is “intentionally” misleading if you ask me… and that is more serious than unintentional fraud.

61

61

Benzinga

OCTOBER 13, 2023

Comtech Telecommunications Corp (NASDAQ: CMTL ) shares are trading higher by about 18% after it reported Q4 results. The company posted revenue of $148.81 million, up from $126.98 million, beating the consensus of $140.13 million. Revenues in the Satellite and Space Communications segment rose 22.7% Y/Y to $94.2 million, mainly aided by higher net sales of the troposcatter and SATCOM solutions to U.S. government and international customers and solid-state RF microwave high-power amplifiers and c

Equity 59

Equity Marketability 59

Sun Acquisitions

OCTOBER 13, 2023

Mergers and acquisitions (M&A) play a vital role in shaping the business landscape, enabling companies to expand, diversify, and gain a competitive edge. Valuation lies at the heart of every successful M&A transaction, providing a framework to determine the worth of a target company. Valuation techniques in M&A involve a comprehensive assessment of financial, operational, and market factors.

Discounted Cash Flow 59

Discounted Cash Flow Book Value Liquidation Value Price to Book 59

Benzinga

OCTOBER 13, 2023

Canaccord Genuity analyst David Hynes Jr reiterated a Buy rating on Atlassian Corp (NASDAQ: TEAM ) with a price target of $230. Atlassian announced an agreement to acquire Loom , a video messaging platform, for $880 million in cash and $95 million in vesting equity. Notably, this includes cash acquired, with Loom raising an estimated ~$200 million. It will be funded with Atlassian's existing cash balance but will not impact its share repurchase strategy and will be slightly dilutive to opera

Equity 59

Equity 59

Auto Dealer Valuation Insights

OCTOBER 13, 2023

Mercer Capital is pleased to announce the release of the 2023 Energy Purchase Price Allocation Study. This study researches and observes publicly available purchase price allocation data for four sub-sectors of the energy industry: (i) exploration & production; (ii) oilfield services; (iii) midstream; and (iv) downstream. This study is unlike any other in terms of energy industry specificity and.

52

52

Benzinga

OCTOBER 13, 2023

Psychedelics therapy provider Optimind Pharma Corp. entered into an acquisition agreement with Wolf Acquisitions 1.0 Corp., an arm's length private British Columbia corporation with investments in the psychedelics industry and one of its wholly-owned subsidiaries. See Also: Cybin And Small Pharma Shareholders Green Light Acquisition Resolution: Results & Expected Dates Now focused on offering medical cannabis and ketamine-assisted treatment for patients with PTSD, anxiety, depression and

Marketability 59

Marketability 59

Auto Dealer Valuation Insights

OCTOBER 13, 2023

Although inflation has begun to subside and the stock market has rallied after a turbulent start to 2023, elevated interest rates and macroeconomic uncertainty have contributed to a slight decline in deal volume so far in 2023. Fidelity’s August 2023 Wealth Management M&A Transaction Report listed 157 deals through August 2023, up 1% from the 155 deals executed during the same period in 2022.

Start-ups 52

Start-ups Marketability 52

Peak Business Valuation

OCTOBER 13, 2023

Urgent care centers provide medical care for patients with mild health concerns that need immediate attention. In recent years, the urgent care industry has seen rapid growth partly due to COVID-19. According to IBIS World , we can expect this industry to generate about $74 billion dollars over the next several years. In addition, we have seen a significant increase in profitability within the urgent care industry.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Fair Market Value Appraisal 52

Benzinga

OCTOBER 13, 2023

AGCO Corporation (NASDAQ: AGCO ) and Trimble Inc. (NASDAQ: TRMB ) have announced a significant merger of their precision-agriculture businesses. Barron’s reported that AGCO will own 85% of the joint venture after paying Trimble $2 billion. The joint venture, touted by AGCO CEO Eric Hansotia as the biggest agricultural technology deal ever, is valued at approximately $2.4 billion.

Technology 52

Technology Mergers & Acquisitions 52

Law 360 M&A

OCTOBER 13, 2023

Linklaters LLP has hired a longtime Cleary Gottlieb Steen & Hamilton LLP attorney, who focuses his practice on advising Latin American-owned entities on a range of matters, to join the firm in its Washington, D.C., office, it announced Thursday.

52

52

Benzinga

OCTOBER 13, 2023

California Attorney General Rob Bonta has reportedly raised concerns regarding the planned acquisition of Albertsons Companies Inc (NYSE: ACI ) by Kroger Company (NYSE: KR ). The takeover, valued at $24.5 billion, is now reportedly under the scrutiny of the state's legal machinery. Bonta expressed uncertainty over the future course of action but hinted at the possibility of a lawsuit to prevent the deal, reported Reuters.

Equity 52

Equity Marketability 52

Avanade

OCTOBER 13, 2023

Check out our highlights from the Power Platform conference in Las Vegas and learn how we’re helping clients supercharge value from the Power Platform through governance, automation and Generative AI.

52

52

Benzinga

OCTOBER 13, 2023

On October 13, the U.K. regulatory watchdog U.K.'s Competition and Markets Authority (CMA) approved Microsoft Corp's (NASDAQ: MSFT ) acquisition of Activision Blizzard, Inc (NASDAQ: ATVI ), excluding Activision Blizzard's non-EEA cloud streaming rights. The CMA concluded it would preserve competitive prices and better services. Microsoft won preliminary approval from the CMA in September after restructuring the agreement to transfer cloud gaming rights.

Marketability 52

Marketability 52

LaPorte

OCTOBER 13, 2023

James J. “Jimmy” Hand, III, a named partner of LaPorte Sehrt Romig Hand (now LaPorte CPAs & Business Advisors) passed away peacefully on September 27,… The post LaPorte Says Goodbye to Former Named Partner first appeared on LaPorte.

52

52

Benzinga

OCTOBER 13, 2023

In a landmark move, Microsoft Corp. (NASDAQ: MSFT ) has successfully completed its acquisition of gaming titan Activision Blizzard Inc. (NASDAQ: ATVI ). What Happened : As reported on Friday by CNBC , Microsoft’s acquisition of Activision Blizzard has been finalized. This marks the most substantial deal in Microsoft’s 48-year history and comes after a positive verdict from U.S. regulators and the U.K.’s Competition and Markets Authority.

Marketability 52

Marketability 52

Cooley M&A

OCTOBER 13, 2023

In a recent installment of Cooley’s Market Talks virtual series Jamie Leigh, partner and co-chair of the M&A practice at Cooley, joined Dave Peinsipp, partner and co-chair of the capital markets practice at Cooley, and Umi Mehta, global head of tech private equity and venture capital investment banking at Morgan Stanley, to discuss the evolving role of private equity players in the tech marketplace.

Equity 52

Equity Marketability Banking 52

Benzinga

OCTOBER 13, 2023

Engineering services firm Bowman Consulting Group Ltd (NASDAQ: BWMN ) has acquired Dennis Corporation , a civil engineering, surveying and construction management firm headquartered in Columbia, South Carolina. The financial details of the acquisition were not disclosed. Established in 2005 by current CEO Dan Dennis, the firm specializes in delivering general civil infrastructure planning and design, program and construction management and oversight.

Equity 52

Equity Marketability 52

Benchmark Report

OCTOBER 13, 2023

Benchmark International is delighted to announce that it has won Mid-Market Corporate Finance Team of the Year at the Insider Media North West Dealmakers Awards 2023.

Corporate Finance 52

Corporate Finance Finance Marketability 52

Benzinga

OCTOBER 13, 2023

Following Microsoft Corporation 's (NASDAQ: MSFT ) acquisition of Activision Blizzard Inc (NASDAQ: ATVI ), Activision's controversial CEO Bobby Kotick plans to resign, bringing an end to his 30-year tenure at the helm. In an email to all Activision Blizzard employees, Kotick announced he will remain in his role until the end of 2023 and that he will report to Xbox boss Phil Spencer.

52

52

Law 360 M&A

OCTOBER 13, 2023

Polsinelli PC has formed a cross-discipline special situations investing and workouts team to help clients capitalize on distressed opportunities.

52

52