Trending Articles

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How to Overcome Barriers to Sustainable Value Creation

Harvard Corporate Governance

Posted by Hans Reus, Russell Reynolds Associates, on Wednesday, July 2, 2025 Editor's Note: Hans Reus is a Consultant at Russell Reynolds Associates. This post is based on his Russell Reynolds memorandum. The business world stands at a critical inflection point. As tariff uncertainty and geopolitical tensions continue , the planet’s health declines and social inequalities widen, corporate action on sustainability has never been more urgent.

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Effective Integration Strategies for a Seamless Merger

Sun Acquisitions

Mergers and acquisitions (M&A) are exciting opportunities to unlock growth, drive innovation, and enhance market competitiveness. Far from being disruptive, a well-managed merger or acquisition can create a more vital, dynamic organization capable of delivering excellent value to customers, employees, and stakeholders. The key lies in seamless integration—bringing together the strengths of both entities to maximize potential while preserving the unique qualities that made each successful.

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Tribute to Bob Monks

Harvard Corporate Governance

Posted by Nell Minow, ValueEdge Advisors, on Monday, June 30, 2025 Editor's Note: Nell Minow is the Vice Chair of ValueEdge Advisors. I was eight months pregnant with my second child in December of 1985 when Bob Monks offered me a job as the first general counsel, and the fourth person on staff at Institutional Shareholder Services (ISS). We had met when he was working for then-Vice President George H.W.

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Why Getting a Cheap Business Appraisal is a Bad Idea

BV Specialists

In business, cost-conscious decisions often make good sense. However, that is not the case when it comes to valuing your company. While it may be tempting to take the cheapest appraisal option, cutting corners in this area can lead to costly mistakes. A certified business valuation is more than just a quick back of the napkin calculation, it is a detailed, defensible report that can impact key financial and legal outcomes.

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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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Best Practices for Due Diligence and Valuation in M&A

Sun Acquisitions

Due diligence and valuation are critical to any successful merger and acquisition (M&A) deal. Businesses can make informed decisions and mitigate risks by conducting thorough due diligence and accurately valuing a target company. Due Diligence: A Deep Dive Due diligence is a comprehensive investigation of a target company’s financial, operational, and legal aspects.

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HCM executive discusses how AI is transforming compliance, auditing, and employee experience

ThomsonReuters

As artificial intelligence (AI) continues to transform industries, payroll is emerging as a key area ripe for innovation. Yutaka Takagi, Principal Product Evangelist at isolved, believes AI is not just a futuristic concept for payroll — it’s already reshaping how companies process pay, ensure compliance, and enhance employee experience. In a recent interview, Takagi shared insights into how AI is being integrated into payroll systems, the strategic advantages it offers, and the challenges

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Guidance on Maryland’s Multiple Points of Use Certificate for New “Tech Tax”

Gross Mendelsohn

Long-awaited guidance on Maryland’s Multiple Points of Use (MPU) certificate is here. This is paramount for businesses that purchase or use digital, data, IT and cloud services both in Maryland and other states. The MPU certificate will help businesses minimize their tax liability under new state laws. The MPU certificate originates from the new tax framework under the Budget Reconciliation and Financing Act (BRFA) of 2025, effective July 1, 2025.

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A Common Need for an Objective & Independent Business Valuation: 409A Valuations for Tax Compliance

Merrimack Business Appraisers

Early-stage companies and high-growth businesses commonly backed by venture capitalists often attract and reward employees by issuing restricted stock or stock options to offer an appealing and competitive compensation package. The post A Common Need for an Objective & Independent Business Valuation: 409A Valuations for Tax Compliance appeared first on Merrimack Business Appraisers.

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Valuation for Selling an eCommerce Business

Peak Business Valuation

The eCommerce industry has seen immense growth over the past decade, with more online shoppers than ever before. As a result, owning an eCommerce store can be a highly profitable venture. If you are looking to sell your eCommerce store, now may be a great time to do so. One of the most important steps in the sales process is obtaining a valuation for selling an eCommerce business.

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Bob Monks: A Life in Corporate Governance

Harvard Corporate Governance

Posted by Lucian Bebchuk and Stephen Davis (Harvard Law School), on Monday, June 30, 2025 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School; Stephen M. Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and a Co-organizer of the Capital+Constitution project.

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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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Investing in the manufacturing workforce to accelerate productivity

Mckinsey and Company

The advanced industrial manufacturing workforce is retiring, and new workers need training for complex roles. Reducing time to proficiency could be critical to unlocking increased productivity.

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Navigating Valuation Challenges in the Great Wealth Transfer

Auto Dealer Valuation Insights

Taking a break from our succession planning series, we’re turning our attention to the RIA valuation implications of the pending Great Wealth Transfer. Over the next two decades, an estimated $68 trillion is expected to transfer from Baby Boomers and Gen X to Millennials and Gen Z in what has been dubbed the “Great Wealth Transfer.

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Italy Is Awash With M&As

Global Finance

UniCredit’s hostile offer for Banco BPM is the most talked about, valued at $16.35 billion, almost $1 billion below BPM’s market value. The bid followed Unicredit’s unsuccessful negotiations with the Italian government to take over Banca Monte dei Paschi di Siena three years ago. Unicredit launched the new tender on BPM despite restrictions imposed by the government.

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Convenience Store Valuation Multiples

Peak Business Valuation

If you want to buy, expand, or sell a convenience store , learning its current value is a key for effective decision-making. An effective way to estimate a convenience store’s worth on today’s market is to apply valuation multiples. However, identifying the right multiples requires an in-depth assessment of financial performance and market trends. To ensure accurate results, it is best to obtain a professional business valuation.

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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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The Board Observer: Considerations and Limitations

Harvard Corporate Governance

Posted by Michelle Gasaway, and Jeremy Winter, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, July 2, 2025 Editor's Note: Michelle Gasaway and Jeremy Winter are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Overview Appointing a board observer has long been a tool in an investor’s arsenal.

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Secondary share sales: Creating liquidity without going public

Vested

It’s becoming more common – and more necessary – for private companies to offer early shareholders a way to realise some value without raising new capital, going public, or changing direction. These transactions are known as private secondary share sales , or simply “secondaries.

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He Made Billions on Google and PayPal. Now, He’s Betting on News.

NYT M&A

Michael Moritz co-founded The San Francisco Standard, a local news organization. It is acquiring Charter, a start-up focused on the future of work.

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How to Prepare for M&A Due Diligence: A Seller’s Checklist

Class VI Partner

Key insights Preparing for M&A due diligence is a critical step if you’re considering selling your business in the next few years. Buyers will scrutinize every part of your company, from your balance sheet to your lease agreements. The more buttoned-up you are, the smoother the process will go and the better your chances of closing on favorable terms.

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Business Valuation for Buying a Coffee Shop

Peak Business Valuation

The coffee shop industry has seen steady growth in both sales and pricing over the past several years. This upward trend presents strong opportunities for prospective coffee shop owners. If you hope to enter this thriving market, consider obtaining a business valuation for buying a coffee shop. Business valuations provide a critical look into a coffee shop’s performance, helping buyers know exactly what they are getting into.

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An Ode to Robert Monks

Harvard Corporate Governance

Posted by Charles W. Elson (University of Delaware), on Monday, June 30, 2025 Editor's Note: Charles W. Elson is the Founding Director of the Weinberg Center for Corporate Governance and Woolard Chair in Corporate Governance (ret.) at the University of Delaware. The corporate governance community lost one its most significant and influential members on April 29, 2025.

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Marketplace Valuation: Beyond GMV to Real Value Creation

Equidam

When DoorDash went public in December 2020, investors valued the company at $72 billion despite generating just $2.9 billion in revenue. The valuation multiple seemed astronomical until you considered DoorDash’s $24.7 billion in Gross Merchandise Value (GMV). Suddenly, the 3x GMV multiple appeared more reasonable than the 25x revenue multiple.

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Signing Your Appraisal Report

ISA

7/3/2025 12:00:00 AM A common but important question is: Where should an appraiser sign their report? While it may seem like a small detail, signing the report correctly is essential for compliance with both USPAP and ISA Appraisal Report Writing Standards. What USPAP Requires According to the USPAP 2024 Edition: Standards Rule 8-2(a)(xiv) applies to Appraisal Reports Standards Rule 8-2(b)(xvi) applies to Restricted Appraisal Reports Both state the report must: “Include a signed certificat

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Navigating Maryland’s New Tax Law Changes: Your Questions, Answered

Gross Mendelsohn

As a taxpayer, it’s essential that you understand the new tax law changes in Maryland’s Budget Reconciliation and Financing Act (BRFA) of 2025, effective July 1, 2025, and how you’re impacted.

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Top Factors That Impact Your Business’s Asset Value

Peak Business Valuation

A business’s value is largely tied to its assets. Knowing the worth of these items is key to long-term success. As such, an accurate machinery and equipment appraisal is crucial when buying, selling, updating insurance, or seeking financing for a business. Furthermore, wear and tear, market trends, and other factors can affect what your assets are worth.

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Tariffs, Targets and Transparency

Harvard Corporate Governance

Posted by Alexa Kierzkowski and Metin Aksoy, on Tuesday, July 1, 2025 Editor's Note: Alexa Kierzkowski and Metin Aksoy are Managing Directors at FW Cook. This post is based on their FW Cook memorandum. ACCOUNTING FOR UNKNOWNS is always the most challenging aspect of executive compensation design—and that exercise is shaping up to be particularly tricky this year.

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B2B customers have spoken. Will telcos listen?

Mckinsey and Company

Operators have long asked whether they can expand beyond connectivity. Our latest survey of tech and telco B2B decision-makers shows the market offers a resounding “yes.

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Khaitan & Co. Guides JSW On $1.6B India Paint Deal

Law 360 M&A

Khaitan & Co.-advised JSW Paints Ltd. has agreed to acquire Akzo Nobel NV's roughly 75% stake in Akzo Nobel India Ltd. at an enterprise value of approximately €1.4 billion ($1.6 billion), the companies said Friday, in a deal that will strengthen JSW's foothold in India's flourishing coatings market.

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Four ways tax and accounting professionals can start using agentic AI right now

ThomsonReuters

The tax and accounting profession is at a crossroads. Relentless deadlines, persistent talent shortages, escalating client expectations, and a continuously shifting and complex regulatory landscape are prompting professionals to search for sustainable ways to stay competitive. The traditional approaches that built successful practices are increasingly insufficient for meeting a pace of change that shows no signs of slowing Enter agentic AI, a technology that has already moved from “nice to

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New Car Dealership Valuation Multiples

Peak Business Valuation

Understanding the value of a new car dealership enables strategic decision-making, whether you are buying, growing, selling, or seeking financing. If you need a quick estimate, valuation multiples indicate a dealership’s worth based on the current market. However, finding applicable new car dealership valuation multiples can be challenging. To ensure the most accurate results, it is best to obtain a business valuation.

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No Exit

Harvard Corporate Governance

Posted by Brian Broughman (Vanderbilt Law School), Matthew Wansley (Cardozo School of Law), and Sam Weinstein (Cardozo School of Law), on Wednesday, July 2, 2025 Editor's Note: Brian Broughman is a Professor at Vanderbilt Law School. Matthew Wansley and Sam Weinstein are Professors at Cardozo School of Law. This post is based on their paper. The six most valuable companies in the world were once venture-backed startups.

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Viper-Sitio Transaction Signals Strategic Shift in U.S. Royalty Landscape

Auto Dealer Valuation Insights

On June 3, 2025, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), announced its plan to acquire Sitio Royalties (NYSE: STR) in an all-stock transaction valued at approximately $4.1 billion. The acquisition includes Sitio’s roughly 34,300 net royalty acres, 25,300 of which are concentrated in the Permian Basin.

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When AI Follows the Rules but Misses the Point

Reynolds Holding

When a team of researchers asked an artificial intelligence system to design a railway network that minimized the risk of train collisions, the AI delivered a surprising solution: Halt all trains entirely. No motion, no crashes. A perfect safety record, technically speaking, but also a total failure of purpose. The system did exactly what it was told , not what was meant.

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Santander to buy TSB for £2.65bn amid fears of branch closures and job losses

The Guardian M&A

Purchase would be third major ownership shake-up for high street lender in 12 years The Spanish bank Santander is buying the British high street lender TSB for £2.65bn, raising fears of job cuts and branch closures across the combined group. The proposed deal, announced on Tuesday evening, is the result of a takeover tussle in Santander’s home base of Spain, with the lender Sabadell having decided to sell TSB as it faces an €11bn (£9.4bn) hostile approach from a rival, BBVA.

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Retail Trade Valuation Multiples

Peak Business Valuation

If you need to determine the value of a retail trade business, valuation multiples can provide a data-backed estimate. These numbers indicate the value of a retail trade business based on financial metrics and market trends. To identify applicable retail trade valuation multiples, a valuation expert conducts thorough analyses of various factors. As such, it is important to work with an experienced business appraiser to ensure the most accurate value estimate.