Harvard Corporate Governance

JANUARY 22, 2024

Posted by Matteo Tonello, The Conference Board, on Monday, January 22, 2024 Editor's Note: Normal 0 false false false EN-US X-NONE X-NONE Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to a report authored by Ms. Spierings and based on disclosure data from Shareholder Voting Trends in the Russell 3000 and S&P 500: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collabor

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Mckinsey and Company

JANUARY 22, 2024

2024 looks uncertain: inflation has come down but long-term interest rates remain high; retail sales are relatively stable; manufacturing continues to contract; geopolitical concerns are on the rise.

Corporate Finance 141

Corporate Finance Finance 141

Harvard Corporate Governance

JANUARY 22, 2024

Posted by Randall Morck (Alberta School of Business) and M. Deniz Yavuz (Purdue University), on Monday, January 22, 2024 Editor's Note: Randall Morck is Jarislowsky Distinguished Chair and Distinguished University Professor at the University of Alberta, and M. Deniz Yavuz is Hanna Rising Star Associate Professor at Purdue University Krannert School of Management.

Marketability 124

Marketability 124

ThomsonReuters

JANUARY 22, 2024

Jump to: Enhanced Child Tax Credit Business tax relief Support for small business Employee Retention Tax Credit (ERTC) Adjustments to 1099-MISC and 1099-NEC filing thresholds Support for affordable housing Empowering American families and businesses: The Tax Relief for a stronger future On January 19, 2024, the Ways and Means Committee made a significant bipartisan move by approving the Tax Relief for American Families and Workers Act of 2024.

Start-ups 105

Start-ups Finance Technology 105

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

Harvard Corporate Governance

JANUARY 22, 2024

Posted by Robert A. Cohen and Fuad Rana, Davis Polk & Wardwell LLP, on Monday, January 22, 2024 Editor's Note: Robert A. Cohen is a Partner, and Fuad Rana is Counsel at Davis Polk & Wardwell LLP. This post is based on a Davis Polk memorandum by Mr. Cohen, Mr. Rana, John B. Meade , Ning Chiu , Martine M. Beamon , and Stefani Johnson Myrick. 2023 was an active year in public company enforcement by the U.S.

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Law 360 M&A

JANUARY 22, 2024

Exxon Mobil Corp. is suing activist investors trying to force a shareholder vote over the company's greenhouse gas emission targets, sidestepping the U.S. Securities and Exchange Commission by requesting that a Texas federal judge decide whether the activists' proposal amounts to unwarranted interference in the company's business operations.

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Law 360 M&A

JANUARY 22, 2024

Swedish credit management services company Intrum has said it will sell a chunk of its investment portfolio to Cerberus Capital Management and raise 8.2 billion Swedish kronor ($785 million) to reduce its debt.

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NYT M&A

JANUARY 22, 2024

The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.

Mergers & Acquisitions 87

Mergers & Acquisitions 87

JPAbusiness

JANUARY 22, 2024

Staff professional development (PD) needs are best identified through a formal performance management and evaluation process. I recommend owners/managers sit down with their staff members once every 12 months , as part of their annual performance review process, and develop a PD plan jointly, with each individual. This review process will identify where already skilled employees need information to support their growth to gain more advanced knowledge, and further develop their own business and l

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Mckinsey and Company

JANUARY 22, 2024

The global coleader of Leap by McKinsey discusses the firm’s latest global survey, which finds that business leaders and investors are bullish on building new businesses.

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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

Law 360 M&A

JANUARY 22, 2024

Recent reports that country singer Luke Combs won a judgment against a Florida woman who didn’t receive notice of the suit should serve as a reminder for attorneys on best practices for effectuating service by electronic means, say attorneys at Jenner & Block.

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Mckinsey and Company

JANUARY 22, 2024

Biopharma sponsors are seeking to accelerate clinical trials and reduce costs through a set of targeted actions aimed at improving patient and site engagement and enrollment productivity.

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Benzinga

JANUARY 22, 2024

Sunoco (NYSE: SUN ) has announced an acquisition of NuStar Energy (NYSE: NS ) that is expected to be completed in Q2 of 2024. Under the terms of the agreement, Sunoco has agreed to give NuStar Energy $7.30 billion in stock in exchange for NS stock. About The Companies Involved Sunoco LP engages in the business of manufacturing and marketing racing fuels which is the official fuel of NASCAR. is a growth-oriented master limited partnership (MLP) that operates as a wholesale and retail fuel distrib

Marketability 59

Marketability 59

Mckinsey and Company

JANUARY 22, 2024

The best companies don’t just outgrow their competitors—they out-innovate them as well. Here’s why innovative growth matters.

Corporate Finance 105

Corporate Finance Finance 105

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

Benzinga

JANUARY 22, 2024

Sunday, Macy’s Inc (NYSE: M ) confirmed receiving an unsolicited, non-binding proposal from Arkhouse Management Co LP and Brigade Capital Management LP to acquire the company at $21.00 per share. In light of the Board’s concerns and the lack of compelling value in their non-binding proposal, the Board has determined not to enter into a non-disclosure agreement or provide any due diligence information to Arkhouse and Brigade. “Following careful consideration and efforts to gathe

Finance 59

Finance Marketability 59

Benchmark Report

JANUARY 22, 2024

Insight Vision's product lines include sewer inspection push rod camera systems and mainline sewer inspection crawler systems. Insight Vision also offers in-house service, repair, and aftermarket support. Their money-saving modular camera design, knowledgeable factory technicians, and industry-leading service times help the company stand out from their competitors.

Marketability 59

Marketability 59

Sun Acquisitions

JANUARY 22, 2024

In the ever-changing world of business, uncertainty has become a constant companion. Economic downturns, market disruptions, and unforeseen global events can all throw a wrench into even the most well-laid plans. For business owners looking to sell their companies, these uncertain times can add more complexity to a significant decision. However, with the right strategies in place, navigating the current economic landscape while selling your business is possible and can be successful. 1.

Marketability 59

Marketability Technology 59

Farrel Fritz

JANUARY 22, 2024

When a closely-held business is profitable, self-interested owners naturally want a bigger slice of the pie, especially where the personal relationships among the owners are frayed. Perhaps that’s why we often discuss the value of freeze-out mergers as a mechanism for those in control of a closely-held corporation or limited liability company to squeeze a minority owner out of the business’ future profits.

Equity 59

Equity Dividends Appraisal Marketability 59

Appraisers Blog

JANUARY 22, 2024

I blame this on the pervasive false narrative of the “racist appraiser.” Because of all those false media articles all appraisers are now assumed “racist” before they even accept an appraisal assignment. What’s ironic is if the homeowner had gotten the over market value they wanted, the appraiser would magically not be “racist.” The thing is a reviewer probably would have caught the over market value.

Appraisal 56

Appraisal Marketability 56

Law 360 M&A

JANUARY 22, 2024

French healthcare giant Sanofi SA said Tuesday that it will buy a U.S. company that creates therapies for so-called orphan diseases for approximately $2.2 billion in cash as it seeks to expand its rare diseases products.

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Appraisers Blog

JANUARY 22, 2024

In reply to Frustrated appraiser. TAF gave money to lawyer firms whom were pursuing complaints against appraisers, on recommendation from Brookings, after headmaster Bunton having stopped by the institute for drinks, snacks, and to watch documentary videos about racist appraisal practices. Thanks for playing. Better luck next time.

Appraisal 54

Appraisal 54

Law 360 M&A

JANUARY 22, 2024

A poultry rendering company suing Tyson Foods for allegedly kneecapping the firm to force a dramatically undervalued buyout said that Tyson intentionally tried to "minimize" pricing impacts in justifying the deal to antitrust enforcers.

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Hallmark Brokers

JANUARY 22, 2024

The fastest way to make a profitable business sale is to attract a substantial volume of qualified buyers. Business brokers, like the Hallmark team, specialize in making this happen through effective strategies: online marketing, promoting your brand, and more. We’d like to discuss a little more about how this works so that you can see. Read more The post Sell Smart, Sell Fast: Attract the Right Buyers for Your Business appeared first on Hallmark Brokers.

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Marketability 52

Law 360 M&A

JANUARY 22, 2024

The Delaware Court of Chancery on Monday denied requests from the co-founders of a now-bankrupt maker of electric vehicles to dismiss a shareholder lawsuit accusing the executives of providing inaccurate information to investors when their business merged with a special purpose acquisition company.

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Benchmark Report

JANUARY 22, 2024

Now that 2024 is underway and the economy is healthy, we can also look forward to some good news for the markets. Top banks and economists are forecasting that interest rates will be cut starting in late Q1 into Q2.

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Banking Marketability 52

Law 360 M&A

JANUARY 22, 2024

The estate of a Colorado hotel investor has said the CFO and president of the hotel have prevented the sale of the property since 2021 and obtained mortgages on the hotel for their own benefit.

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Benzinga

JANUARY 22, 2024

Coherus BioSciences Inc (NASDAQ: CHRS ) shares are trading higher after the company agreed to divest its Cimerli ophthalmology franchise to Sandoz Group AG (OTC: SDZNY ) (OTC: SDZXF ) for $170 million plus an additional amount for inventory. This divestiture aligns with Coherus’ strategic focus on oncology, and includes Coherus’ Cimerli biologics license application, ophthalmology sales and select field reimbursement teams, Cimerli product inventory on hand, and access to proprietary

Equity 52

Equity 52

Law 360 M&A

JANUARY 22, 2024

A Delaware bankruptcy judge on Monday approved dermatology drug developer Timber Pharmaceuticals' plan for a Chapter 11 sale of its assets, with the debtor telling the court it intended to close the deal with a post-petition lender by the end of the day.

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Benzinga

JANUARY 22, 2024

MSC Industrial Direct Co Inc (NYSE: MSM ) announces the acquisition of KAR Industrial Inc., a Canadian distributor of metalworking tools and accessories. Deal terms were not disclosed. Founded in 1954, KAR operates three facilities in Mississauga, Montreal, and Edmonton for total country coverage, with 45 associates and estimated 2023 revenues of $16 million.

Equity 52

Equity 52

Law 360 M&A

JANUARY 22, 2024

Following the decline in banking mergers to the lowest level in more than a decade last year, receptiveness to community bank combinations and positive macroeconomic factors may help banks with less than $50 billion in assets see increased deal-making opportunities this year, despite regulatory uncertainty, say Robert Azarow and Amber Hay at Arnold & Porter.

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Banking 52

Benzinga

JANUARY 22, 2024

NuStar Energy LP (NYSE: NS ) shares are trading higher after Sunoco LP (NYSE: SUN ) announced it will acquire the company in an all-equity transaction valued at roughly $7.3 billion. As per the terms, NuStar’s common unitholders will receive 0.400 Sunoco common units for each share they hold, implying a 24% premium based on the 30-day VWAP’s of both NuStar and Sunoco as of January 19, Full story available on Benzinga.

Equity 52

Equity 52

Law 360 M&A

JANUARY 22, 2024

Sandoz Group AG said on Monday that it will buy a therapy for retinal diseases from U.S. biopharmaceutical company Coherus BioSciences Inc. for $170 million in cash, as the Swiss-German generic drugs business seeks to strengthen its ophthalmology portfolio.

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Benzinga

JANUARY 22, 2024

i Robot Corp (NASDAQ: IRBT ) shares fell to 52-week lows on Friday on reports that regulators in Europe will recommend the EU reject the planned acquisition of IRBT by Amazon.Com Inc (NASDAQ: AMZN ) due to concerns it would restrict competition in the robotic vacuum cleaner category. Investors remained focused on iRobot’s plan B, if any, as per Needham analyst James Ricchuiti.

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Law 360 M&A

JANUARY 22, 2024

Prosecutors asked a Manhattan federal judge to sentence a man who traded on information stolen from a BigLaw associate to around 30 months in prison, saying he caused several other people to trade on the same stock and planned to repeat the scheme had he not been caught.

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