Harvard Corporate Governance

SEPTEMBER 8, 2024

Posted by Krista Parsons and Vanessa Teitelbaum, Deloitte LLP, on Sunday, September 8, 2024 Editor's Note: Krista Parsons is a Managing Director at Deloitte LLP and Vanessa Teitelbaum is a Senior Director at the Center for Audit Quality. This post is based on their Deloitte memorandum. Key Findings As the regulatory environment grows in complexity and organizations address new and continuing challenges, additional expectations are placed on audit committees.

Compliance 285

Compliance Finance 285

NYT M&A

SEPTEMBER 10, 2024

Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.

Mergers & Acquisitions 102

Mergers & Acquisitions 102

Value Scope

SEPTEMBER 6, 2024

By: Brent Shockley, CFA The 2024 NFL season kicked off Thursday night with a late touchdown overturned by replay to preserve a victory by the defending Super Bowl champion, Kansas City Chiefs, over the Baltimore Ravens. The second game of the NFL season will take place this evening in Sao Paulo, Brazil between the Green Bay Packers and the Philadelphia Eagles.

Equity 130

Equity Start-ups Compliance 130

NYT M&A

SEPTEMBER 4, 2024

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.

Mergers & Acquisitions 135

Mergers & Acquisitions 135

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

Benzinga

SEPTEMBER 3, 2024

Tilray Brands, Inc. (NASDAQ: TLRY ) (TSX: TLRY ) announced on Tuesday that it has completed the previously announced acquisition of craft breweries Hop Valley Brewing Company,Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company (NYSE: TAP ). Why It Matters The acquisition bolsters Tilray’s leadership position in the U.S. craft beer market as the 5th largest craft brewer in the country and the top craft brewer in the Pacific Northwest and Georgia.

Marketability 128

Marketability 128

Global Finance

SEPTEMBER 3, 2024

Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according to Standard & Poor’s Global Market Intelligence.

Finance 111

Finance Marketability Corporate Finance 111

Appraisers Blog

SEPTEMBER 10, 2024

The outcome of this case will shape the future of the appraisal industry, making Shane Lanham's legal battle one that concerns us all

Appraisal 98

Appraisal 98

NYT M&A

SEPTEMBER 5, 2024

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

Mergers & Acquisitions 131

Mergers & Acquisitions 131

Benzinga

SEPTEMBER 6, 2024

Mobileye Global Inc (NASDAQ: MBLY ) stock is trading lower Friday amid reports that Intel Corp (NASDAQ: INTC ) is eying a strategic stake sale of the Israeli autonomous driving company. Intel could sell up to 88% of its stake in Mobileye, Bloomberg cites familiar sources. The company will decide this at Mobileye’s September board meeting in New York.

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109

Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In recognition of his leadership in managing Brazil’s monetary policy, Campos Neto earned an “A” grade in the magazine’s 2024 Central Banker Report Cards, announced in August. He also received an “A” in 2023’s report card.

Banking 105

Banking Finance Marketability Start-ups 105

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

Harvard Corporate Governance

SEPTEMBER 9, 2024

Posted by Szu Ho, Ira Kay, and Joadi Oglesby, Pay Governance LLC, on Monday, September 9, 2024 Editor's Note: Szu Ho is a Principal, Ira Kay is a Managing Partner, and Joadi Oglesby is a Consultant at Pay Governance LLC. This post is based on their Pay Governance memorandum. Introduction Thousands of companies, including more than 70% of the S&P 500 companies, grant performance stock units (PSUs) with relative total shareholder return (TSR) or stock price performance-vesting conditions.

Total Shareholder Return 176

Total Shareholder Return Marketability 176

Appraisers Blog

SEPTEMBER 6, 2024

In reply to Baggins. Someone needs to get on that call and ask class appraisal. Why the hell they’ve been taking so much of the appraiser fees and trying to offer us so little watch the pin drop in the room and the deer and the headlights look.

Appraisal 98

Appraisal Compliance 98

Mckinsey and Company

SEPTEMBER 4, 2024

Southeast Asia is emerging as a global manufacturing hub, presenting opportunities for logistics companies. Here’s a look at global trade flows in the region.

Marketability 114

Marketability 114

Global Finance

SEPTEMBER 5, 2024

Canadian convenience store giant Alimentation Couche-Tard (ACT) has set its sights on Seven & i wHoldings, the Tokyo-based parent company of 7-Eleven. If the deal goes through—ACT submitted an offer to buy all outstanding shares of Seven & i last month—it will mark a significant step into Japan’s retail market by a foreign firm, but it wouldn’t be ACT’s first show of interest in the company or Japan.

Finance 98

Finance Marketability Corporate Finance 98

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

Harvard Corporate Governance

SEPTEMBER 10, 2024

Posted by Linda Pappas, Perla Cuevas, and Jose Lawani, Pay Governance LLC, on Tuesday, September 10, 2024 Editor's Note: Linda Pappas is a Principal, and Perla Cuevas and Jose Lawani are Consultants at Pay Governance LLC. This post is based on their Pay Governance memorandum. Key Takeaways The number of failed S&P 500 SOP proposals (n=4) is tied with an all-time low previously observed in 2015 Improvement in 1- and 3-year TSR performance ending in FY2023 compared to the prior period TSR per

Total Shareholder Return 144

Total Shareholder Return 144

Appraisers Blog

SEPTEMBER 6, 2024

In reply to Paco Murray. Earlier this year, Class amc was involved with the local MLS in Denver Colorado. / Image. REcolorado is looking forward to collaborating with appraisers in 2024 with our quarterly appraiser meetings! For the first quarter, we will have a guest speaker from Class Valuation, Scot Rose. Scot will be addressing the future of appraisal modernization and how valuation technology will revolutionize how data driven decisions are made to the benefit of all parties to the real est

Appraisal 98

Appraisal Compliance Technology 98

Benzinga

SEPTEMBER 5, 2024

United States Steel Corporation (NYSE: X ) are down over 16% since Wednesday morning after the Biden administration expressed intentions to block Nippon Steel Corporation 's $14.9-billion acquisition of the American company. This has been referred to as a national security concern by President Joe Biden , who is reportedly awaiting the results of a Treasury review that would grant him power to execute the restriction.

Treasury 97

Treasury Marketability 97

NYT M&A

SEPTEMBER 9, 2024

In a second antitrust trial that starts on Monday, the Justice Department has called for a breakup of the tech giant, which it says controls the vast majority of online advertising.

Technology 97

Technology Mergers & Acquisitions Marketability 97

Law 360 M&A

SEPTEMBER 5, 2024

Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.

Dividends 96

Dividends 96

Harvard Corporate Governance

SEPTEMBER 7, 2024

Posted by Bruce Freed and Jeanne Hanna, Center for Political Accountability, on Saturday, September 7, 2024 Editor's Note: Bruce F. Freed is President and Co-Founder and Jeanne Hanna is a Research Director at the Center for Political Accountability. This post is based on their CPA memorandum. What exactly is the scope and impact of corporate political spending?

Treasury 157

Treasury 157

Appraisers Blog

SEPTEMBER 7, 2024

In reply to Pat Turner. But wait. There is more. Read this article Class pushed in 2019. ‘Valuation provider poised to disrupt the mortgage industry’ & ‘“I look forward to launching new and disruptive technology in support of our innovation strategy,” & ‘Our goal is to lead and define the change that will ensure our lender partners’ long-term success’ / Per existing rules the amc acts as an agent of the lender, not their partner.

Compliance 98

Compliance Appraisal Technology 98

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. That call, at first sight, contained exceptionally good news, with revenues and earnings coming in at stratospheric levels, and above expectations, but the stock fell in the aftermath, down 8% in Thursday’s trading. That drop of more than $200 billion in market capitalization in response to what looked like good news, at least on the surface, puzzled market observers,

Marketability 93

Marketability Start-ups Discounted Cash Flow Market Capitalization 93

NYT M&A

SEPTEMBER 3, 2024

The money is tied to a fraud lawsuit in Britain by the tech services giant over its acquisition of Autonomy, the software firm founded by Mr. Lynch, who died last month when his yacht sank.

Mergers & Acquisitions 101

Mergers & Acquisitions 101

Law 360 M&A

SEPTEMBER 4, 2024

A coalition of Illinois towns challenging the approval of Canadian Pacific's $31 billion merger with Kansas City Southern told the D.C. Circuit the federal government is trying to use a settlement struck by Chicago's commuter rail system to limit the issues in the case.

98

98

Harvard Corporate Governance

SEPTEMBER 5, 2024

Posted by David Farkas, Georgeson LLC, on Thursday, September 5, 2024 Editor's Note: David Farkas is the Head of Shareholder Intelligence at Georgeson LLC. This post is based on an article that was featured in the July/August 2024 issue of The Deal Lawyers. SEC Form 13F public filings can help companies understand whether the threat of a proxy fight is imminent and, crucially, take steps to defend themselves. 13F filings, as they’re known, reveal the share position of institutional investors or

Equity 157

Equity 157

Appraisers Blog

SEPTEMBER 6, 2024

Having done many appraisals for Class Appraisal in the past, they suddenly turned off the faucet with no communication whatsoever. After reading these articles above and seeing the many posts from appraisers, I’m kind of glad Class disappeared from my radar. I do not want to work for crooks.

Appraisal 98

Appraisal Compliance 98

Global Finance

SEPTEMBER 3, 2024

Brian Niccol is going from burritos to baristas. The Chipotle CEO is ending his time at the Mexican grill chain and plans to start as top boss at Starbucks on September 9. Niccol, 50, replaces Laxman Narasimhan, marking what observers deem a new beginning for the renowned coffee franchise. Under Narasimhan, Starbucks faced a litany of challenges related to unionization efforts and stunted sales growth across the globe, particularly in China.

Start-ups 100

Start-ups Finance Marketability Corporate Finance 100

Benzinga

SEPTEMBER 3, 2024

The Federal Trade Commission (FTC) has reached the halfway point in a trial where it is trying to convince an Oregon federal judge to grant an injunction that would prevent two of the largest grocers — The Kroger Co. (NYSE: KR ) and Alberstons Companies, Inc. (NYSE: ACI ) — from carrying out a $25 billion merger. What Happened : According to the Wall Street Journal, the FTC retained expert witnesses to testify that groceries could get more expensive if Kroger and Albertsons combined.

Technology 98

Technology 98

Law 360 M&A

SEPTEMBER 4, 2024

Johnson & Johnson owes more than $1 billion to a medical robotics developer and entrepreneur caught up in a multibillion-dollar post-acquisition dispute, a Delaware vice chancellor ruled Wednesday.

98

98

Harvard Corporate Governance

SEPTEMBER 3, 2024

Posted by Wolfe Tone, Bob Rosone, and Maureen Bujno, Deloitte LLP, on Tuesday, September 3, 2024 Editor's Note: Wolfe Tone is Vice Chair and Bob Rosone and Maureen Bujno are Managing Directors at Deloitte LLP. This post is based on a Deloitte memorandum by Mr. Tone, Mr. Rosone, Ms. Bujno, Jamie McCall , and Robert Lamm. Deloitte asked 100 C-level private business leaders about their outlook regarding business priorities, corporate governance, AI and business risks in the next 12 months.

144

144

Appraisers Blog

SEPTEMBER 5, 2024

In reply to Pat. I don’t see how Pat. An invoice is a bill. Its not normally a part of an appraisal. NO AMC can prevent us from disclosing what we were paid, in the body of the report (text addendum) or transmittal letter.

Appraisal 98

Appraisal 98

Global Finance

SEPTEMBER 3, 2024

Taiwan Semiconductor Manufacturing Company, the world’s biggest semiconductor chip maker, broke ground in early August on its first facility in Europe, an $11 billion fabrication plant in Dresden, Germany. TSMC holds a 70% stake in the venture, called the European Semiconductor Manufacturing Company, with German automotive chip maker Infineon Technologies, the Netherlands’ NXP Semiconductors, and automotive parts supplier Bosch each taking a 10% stake.

Technology 98

Technology Finance 98

The Guardian M&A

SEPTEMBER 10, 2024

Hedge fund tycoon is also in talks with RedBird IMI to acquire Daily and Sunday Telegraph Business live – latest updates Sir Paul Marshall has sealed a £100m takeover of the Spectator magazine as the backer of GB News completes the next stage of his ambition to control a significant swathe of the UK’s conservative and rightwing media outlets. Marshall, the hedge fund tycoon who already owns the UnHerd website, is also in the running to buy The Daily and Sunday Telegraph with the second round of

78

78

Law 360 M&A

SEPTEMBER 4, 2024

After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.

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97