Trending Articles

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The governance of director compensation

Harvard Corporate Governance

Posted by Lily Fang (INSEAD) and Sterling Huang (SMU), on Monday, May 20, 2024 Editor's Note: Lily Fang is a Professor of Finance at INSEAD and Sterling Huang is an Associate Professor of Accounting at Singapore Management University. This post is based on their recent article forthcoming in the Journal of Financial Economics. Despite an extensive literature on CEO and executive compensation spurred by public concerns about corporate governance and excess compensation, director compensation has

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ValuAsia Connect Webinar Series: Intangible Assets

IVSC

Introduction Welcome to ValuAsia Connect, your gateway to the vibrant world of valuation in Asia! Following the success of our inaugural webinar , we are delighted to announce the second instalment of our series — ValuAsia Connect: Intangible Assets. Presented by the International Valuation Standards Council (IVSC) and the Institute of Valuers and Appraisers, Singapore (IVAS), this webinar explores the intricate domain of intangible asset valuation.

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Mapping TCFD to the IFRS S2 on Climate Disclosure

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Wednesday, May 15, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Jacob McKeeman and Erica Chiorazzi. The inaugural IFRS Sustainability Disclosure Standards were released by the International Sustainability Standards Board (ISSB) in mid-2023, designed to establish a global baseline for corporate disclosures.

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The Billionaire Frank McCourt Mounts Bid to Buy TikTok

NYT M&A

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.

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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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Glass Lewis, ISS Split On Chevron-Hess Deal Guidance

Law 360 M&A

Hess Corp. shareholders got mixed advice from the two leading proxy advisory firms on whether to vote in favor of a $53 billion takeover by Chevron Corp., further muddling the oil and gas giants' path to closing the mega-deal amid an ongoing dispute with Exxon Mobil Corp.

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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Baggins

Appraisers Blog

RestB.AI is going to tell appraisers how complex the appraisal task really is. To ‘reduce the cost of appraisal services’ Appraisal modernization programs are better described as advances in methods to exploit consumers. Frame the appraisal modernization campaign in a different light. Dear consumer; Would you rather; A: Allow photos of your private interior spaces be made available to offshore data brokers, allow lenders proprietary self controlled systems to prescribe your new home

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Paramount: the takeover battle that could reshape Hollywood

Financial Times M&A

The tussle for the venerable studio has been billed as the money men against the creatives, but the outcome may help decide who survives in the streaming era

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Valuation Purposes: Divorce

BV Specialists

Many of us know how difficult it is when you are going through a divorce, and as a business owner, the stakes are even higher. On top of the anguish and mental toll, a divorce can take on you personally, if you own a company or your soon-to-be ex-spouse owns one, and you need to consider this asset as part of the settlement, the first thing you will need to do is obtain a current valuation.

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T-Mobile Must Face Sprint Merger Suit Before Appealing

Law 360 M&A

The Seventh Circuit summarily rejected T-Mobile's move for interlocutory appeal in a proposed consumer class action targeting the company's 2020 merger with Sprint, allowing the case to advance to discovery after the district court denied T-Mobile's motion to dismiss in the fall.

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Comment on Escaping the Black Hole: Appraisers Fleeing Mortgage Lending by jaydee

Appraisers Blog

Low ball appraisal? There is no such thing. An opinion of value differences from the home owner their attorney and the professional in the field the appraiser. Was a field review accomplished? If not, why not? Almost glad I had a tumor in my head and was forced to retire.

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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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The Payoffs and Pitfalls of ESG Due Diligence

Harvard Corporate Governance

Posted by Ferdinand Fromholzer, Dirk Oberbracht, and Jan Schubert, Gibson, Dunn & Crutcher LLP, on Wednesday, May 15, 2024 Editor's Note: Ferdinand Fromholzer , Dirk Oberbracht , and Jan Schubert are Partners at Gibson, Dunn & Crutcher LLP. This post is based on their Gibson Dunn memorandum. A recent global survey of dealmakers by BCG and Gibson Dunn reveals a striking consensus: conducting environmental, social, and governance (ESG) due diligence is now indispensable for M&A transac

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Top Anglo shareholder backs break-up plan as clock ticks for BHP

Financial Times M&A

Legal & General says it is confident Anglo’s management can deliver as miner fends off interest from larger rival

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It's Almost Time for a Midyear Checkup on Your Company's Financial Health

Machen McChesney

Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their potential shortcomings. These reports might not be as reliable as year-end financials unless a CPA prepares them or performs agreed-upon procedures on specific accounts.

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Klobuchar Reintroduces Sweeping Antitrust Reform Bill

Law 360 M&A

Sen. Amy Klobuchar, D-Minn., reintroduced sweeping legislation Thursday aimed at restoring competition by strengthening antitrust laws to help enforcers better deal with harmful conduct and mergers, garnering support from the American Antitrust Institute, Consumer Reports and others.

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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 Fannie & Freddie’s AI Appraisal Photo Recognition by Chase Pursley

Appraisers Blog

FNMA & Freddie plan to implement photo recognition AI to analyze appraisal photos & extract 100+ data points related to quality & condition.

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British investor in talks to buy 49% share in Teesside International Airport

Financial Times M&A

Michael Flacks wants to transform the facility into a cargo, repair and maintenance hub

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The Tax Advantages of Including Debt in a C Corporation Capital Structure

Machen McChesney

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt more favorably than corporate equity.

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Metropolis, SP Plus Get Rare Early End To $1.5B Deal Probe

Law 360 M&A

The U.S. Department of Justice has agreed to a rare early termination of its review of payments tech company Metropolis Technologies Inc.'s planned $1.5 billion deal for parking and logistics provider SP Plus Corp., after previously requesting additional information about the transaction.

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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Robert N. Mossuto Jr.

Appraisers Blog

Fannie and Freddie are under government conservatorship, yet they get away with this crap. What they are doing is an invasion of privacy and it puts US citizens in peril. There’s those at Fannie and Freddie that should be locked in cells for this injustice. Yet our government does nothing. Crickets! Shame on you Uncle Sam!

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The 2024 Audit Committee agenda and the questions investors should be asking

Harvard Corporate Governance

Posted by Sophie Gauthier-Beaudoin and Tim Copnell, KPMG, on Tuesday, May 14, 2024 Editor's Note: Sophie Gauthier-Beaudoin is Head of Investor Engagement and Tim Copnell is Chair of the Audit Committee Institute at KPMG in the UK. This post is based on their KPMG memorandum. The business and risk environment has changed dramatically over the past year, with greater geopolitical instability, surging inflation, high interest rates, and unprecedented levels of disruption and uncertainty.

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Sony and Apollo Take Key Step in Bid for Paramount’s Assets

NYT M&A

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

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MultiMetaVerse Stock Jumps On Proposed Acquisition Of Bowong AI - What's On The Cards?

Benzinga

MultiMetaVerse Holdings Limited (NASDAQ: MMV ), an animation and entertainment company, has signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. MMV will issue Class A ordinary shares as consideration, subject to further due diligence and negotiation, with a one-year lock-up period. MMV has an exclusive 90-day period to finalize a definitive agreement to acquire Bowong AI.

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Teaching Yoga Makes Me A Better Lawyer

Law 360 M&A

Being a yoga instructor has helped me develop my confidence and authenticity, as well as stress management and people skills — all of which have crossed over into my career as an attorney, says Laura Gongaware at Clyde & Co.

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Comment on The Nightmarish End of Home Appraisals by Pray Hard

Appraisers Blog

In reply to Al Bendover. That’ll never happen. It has to be “organic” so it can change with the leftist politics of the moment. And, of course, given that leftism is mental illness, it will only get worse (more restrictive, insane and incomprehensible) over time.

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Delaware Courts Are Asking Just When a Stockholder Vote Is ‘Fully Informed’

Harvard Corporate Governance

Posted by Jenness E. Parker and Amanda L. Day, Skadden, Arps, Slate, Meagher & Flom LLP, on Sunday, May 19, 2024 Editor's Note: Jenness E. Parker is a Partner and Amanda L. Day is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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Six Ways Cost Synergies Are A Benefit Of M&A

Benchmark Report

In any merger or acquisition, the buyer and seller anticipate synergy will be crucial. Synergy in M&A can manifest in several forms, but cost synergy is one of these critical areas. It is essential to note that cost synergy is not the same as revenue or financial synergy. We will delve into those topics in upcoming articles.

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Why Overseas Shipholding Shares Are Rocketing Premarket Monday

Benzinga

Overseas Shipholding Group, Inc. (NYSE: OSG ) shares are trading higher after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources. The transaction is valued at an aggregate equity value of around $653 million and a total transaction value of $950 million. As per the terms, Saltchuk will commence a tender offer to fully acquire Overseas Shipholding it does not already own for $8.50 per share in cash.

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Exploring An Alternative Model Of Litigation Finance

Law 360 M&A

A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.

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Comment on The Nightmarish End of Home Appraisals by Pray Hard

Appraisers Blog

In reply to Steve Maher. I’m rereading it currently. Another extremely good, very enlightening video is called “The Architects of Western Decline” Look up the Frankfurt School on YouTube. It’ll be somewhere in the list.

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SEC No Action Statistics to May 1, 2024

Harvard Corporate Governance

Posted by Sanford Lewis, Shareholder Rights Group, on Monday, May 20, 2024 Editor's Note: Sanford Lewis is Director of the Shareholder Rights Group. This post is based on his Shareholder Rights Group memorandum. Evaluation of SEC staff no action decisions on shareholder proposals from November 1, 2023 to May 1, 2024 demonstrates that the SEC has supported company requests for exclusion of proposals roughly 68% of the time.

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Glencore chief backs South Africa as Anglo takeover battle rages

Financial Times M&A

Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

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BHP's Acquisition Deadline Approaches As Anglo's $9B Project Faces Uncertainty

Benzinga

BHP Group ‘s (NYSE: BHP ) pursuit of Anglo American (OTCQX: AAUKF ) has become increasingly complex as a May 22 deadline approaches. BHP’s initial $43 billion offer to acquire its rival has been rejected twice, prompting BHP to weigh a revised proposal. However, BHP hesitates to move forward without some sign of reciprocation from Anglo, at a pivotal time for the industry since copper and gold just hit fresh all-time highs.

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Klobuchar Wants FTC To Make Firms Report Real Estate Buys

Law 360 M&A

It's time for the Federal Trade Commission to require the companies and private equity firms gobbling up residential real estate to report those acquisitions to the agency for antitrust purposes the same way they have to report other big purchases, Sen. Amy Klobuchar said.

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Comment on The Nightmarish End of Home Appraisals by Pray Hard

Appraisers Blog

In reply to Connie Marines. There is nothing objectionable about it. This is nothing but financial communism destroying the appraisal industry. There’s probably a whole department of one or more government entities focused on DEI’ing the appraisal industry. What we were told to describe, consider and comment on has been been turned inside out.