Thu.Apr 25, 2024

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Issuers see former directors take on activist role

Harvard Corporate Governance

Posted by Will Arnot, Diligent Market Intelligence, on Thursday, April 25, 2024 Editor's Note: Will Arnot is Senior Editorial Specialist at Diligent Market Intelligence (DMI). This post is based on his Diligent memorandum. A gro wing number of former directors and founders have turned dissident as of late, returning to companies to push for new strategies and reforms.

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World's Largest Miner BHP Bids To Takeover Anglo American As Hunt For Resources Intensify

Benzinga

BHP Group Ltd (NYSE: BHP ), the world’s largest mining company, has initiated a bid to acquire rival Anglo American Plc (OTC: AAUKF ) (OTC: NGLOY ), potentially triggering significant upheaval in the industry after years of dormancy. Anglo American, valued at £27 billion ($34 billion), disclosed that it had received an unsolicited merger proposal in the form of a stock exchange offer.

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Unicorn Shareholder Suits

Harvard Corporate Governance

Posted by Verity Winship (University of Illinois Urbana-Champaign), on Thursday, April 25, 2024 Editor's Note: Verity Winship is a Professor of Law and Senior Associate Dean for Academic Affairs at the University of Illinois Urbana-Champaign. This post is based on her article forthcoming in the Indiana Law Journal. Huge private companies like Epic Games or SpaceX are everywhere, creating gaps between the private-market reality and legal structures that were designed for public companies.

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Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American

NYT M&A

The deal would create one of the largest copper miners at a time when demand is soaring for the metal used for many green technologies.

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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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A Proven Success: The SEC Whistleblower Regime Provides a Roadmap for DOJ’s New Program

Harvard Corporate Governance

Posted by Allison Herren Lee, Kohn, Kohn & Colapinto LLP, on Thursday, April 25, 2024 Editor's Note: Allison Herren Lee is a former SEC Commissioner and Of Counsel at Kohn, Kohn & Colapinto LLP. This post is based on her Kohn, Kohn, & Colapinto piece. The Department of Justice (DOJ) recently announced that it is embarking on a “90-day sprint” to develop a whistleblower award program.

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Fraudulent Transfers: 7th Cir Holds Section 546(e) Safe Harbor Applies to Private Deals

John Jenkins

Section 546(e) of the Bankruptcy Code provides a safe harbor from constructive fraudulent transfer claims for transfers that are settlement payments or payments related to a securities contract, when those transfers are “made by or to (or for the benefit of) … financial institutions.

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BHP will have to dig deeper for Anglo American’s copper

Financial Times M&A

Any deal would need South African government’s approval while cost savings are another issue

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Nvidia Bolsters AI Unit With $700M Deal For Israeli Firm Run:ai

Benzinga

On Wednesday, Nvidia Corp (NASDAQ: NVDA ) announced its acquisition of Run:ai, an Israeli startup specializing in software that simplifies the management of complex AI workloads and computing resources on a single platform. Reports indicate a valuation between $600 million – $700 million. The acquisition marks Nvidia’s most significant in Israel since its $6.9 billion purchase of Mellanox Technologies Ltd. in 2020, the Times of Israel reports.

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BHP-Anglo American: a quick Q&A

Financial Times M&A

Why now, why not earlier, why ever, at what price, and what it might mean for fertiliser production in North Yorkshire

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How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

NYT M&A

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

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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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Top Anglo American shareholders criticise BHP’s £31bn bid as ‘opportunistic’

Financial Times M&A

Legal & General and Abrdn say offer substantially undervalues UK-listed miner

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