Harvard Corporate Governance

APRIL 7, 2023

Posted by Ira Kay, Mike Kesner, and Ed Sim, Pay Governance LLC, on Tuesday, April 4, 2023 Tags: Disclosure , Dodd-Frank Act , Pay for performance , Proxy season , PVP Disclosure , SEC enforcement Gender and the Social Structure of Exclusion in U.S.

Capital Structure 188

Capital Structure Banking 188

Harvard Corporate Governance

JUNE 2, 2022

We expect to find a positive relationship because the highly levered nature of banks’ capital structure should encourage the pursuit of activities that could entail systemic risk. ., stock and option) “vega,” which captures the sensitivity of their equity portfolio’s value to their firm’s stock return volatility.

Banking 212

Banking Capital Structure Equity Marketability 212

Harvard Corporate Governance

NOVEMBER 15, 2022

– Excludes revisions due to internal reorganizations impacting reportable segment disclosures or changes in capital structure (e.g., . – Excludes “out of period” adjustments (corrections of immaterial errors recorded in the current period). stock splits, stock dividends, etc.). more…).

Capital Structure 177

Capital Structure Dividends 177

Financial Times M&A

FEBRUARY 1, 2023

‘Portable capital structures’ avoid need to refinance in tough environment for corporate takeovers

Capital Structure 70

Capital Structure 70

Auto Dealer Valuation Insights

MARCH 10, 2023

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Equilest

JANUARY 8, 2023

describe the relationship between the capital structure of the firm and its value. . It is often used as a benchmark for evaluating the financial decisions of firms and has been influential in shaping how firms approach financing and capital structure. . . Let's discuss. What is the Modigliani-Miller Theorem?

Business Valuation 40

Business Valuation Weighted Average Cost of Capital Capital Structure Debt Financing 40

Auto Dealer Valuation Insights

JANUARY 11, 2023

Zac Barber is a member of the firm’s Financial Reporting Valuation Group and has experience providing valuation analyses related to intangible assets, contractual agreements, and complex capital structures.

Intangible Assets 52

Intangible Assets Capital Structure 52

Auto Dealer Valuation Insights

NOVEMBER 18, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Harvard Corporate Governance

MAY 6, 2022

Tags: Accounting , Agency model , Capital structure , Cash flows , Dual-class stock , Financial reporting , Information environment , Restatements , Shareholder voting.

Capital Structure 179

Capital Structure Compliance 179

Auto Dealer Valuation Insights

AUGUST 26, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Auto Dealer Valuation Insights

JUNE 3, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Harvard Corporate Governance

OCTOBER 21, 2022

Tags: Capital structure , Carve-outs , Charter & bylaws , Mergers & acquisitions , Shareholder voting , Shareholders agreements.

Capital Structure 184

Capital Structure Equity Compliance Banking 184

Auto Dealer Valuation Insights

MARCH 7, 2022

Here at Family Business Director, we are focused on the numbers of family business: measuring and assessing financial performance, establishing dividend policy, setting capital structure, making capital budgeting decisions, and structuring shareholder redemptions.

Capital Structure 52

Capital Structure Dividends 52

Auto Dealer Valuation Insights

MARCH 17, 2022

Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Benzinga

APRIL 27, 2023

Under the existing capital structure of WPFH, voting control of WPFH remains with the Series A Preferred stock, which carries 51 percent of the total vote of all classes of stock, and the control of which has not changed.

Capital Structure 52

Capital Structure Equity 52

Benzinga

APRIL 27, 2023

Under the existing capital structure of WPFH, voting control of WPFH remains with the Series A Preferred stock, which carries 51 percent of the total vote of all classes of stock, and the control of which has not changed.

Capital Structure 52

Capital Structure Equity 52

Benzinga

JUNE 6, 2022

Since we went public over a year ago, we've simplified our capital structure, acquired our largest competitor DBCI and purchased a company called Access Control Technologies. When you think about our markets — commercial warehousing in the self-storage space — we have over 50% market share.

Capital Structure 98

Capital Structure Technology Marketability 98

Harvard Corporate Governance

AUGUST 5, 2022

Tags: Capital structure , Delaware articles , Delaware law , Fairness review , Fiduciary duties , Merger litigation , Mergers & acquisitions , Ownership , Property rights.

Corporate Finance 187

Corporate Finance Capital Structure Dividends Finance 187

Harvard Corporate Governance

JULY 8, 2022

Tags: Bankruptcy , Capital formation , Capital structure , Distressed companies , Hedge funds , Institutional Investors , IPOs , REITs.

Capital Structure 174

Capital Structure Finance 174

Valutico

MAY 24, 2023

2022 saw a robust cash and capital structure with a staggering USD 967 million adjusted EBITDA in Q4, up by 14% from the previous year. Anticipated annual synergies surpass USD 400 million within 2-4 years Recent Financial Performance The company has been on a strong financial trajectory.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Entity Value 52

Andrew Stolz

AUGUST 6, 2020

The theory suggests that a company’s capital structure and the average cost of capital does not have an impact on its overall value. . It doesn’t matter whether the company raises capital by borrowing money, issuing new shares, or by reinvesting profits in daily operations. Definition of the Modigliani-Miller Theorem.

Debt Financing 52

Debt Financing Capital Structure Equity Finance 52

Brian DeChesare

MAY 3, 2023

Even if you pick the right company, though, the DDM is more difficult to set up and use than a standard DCF because it requires more assumptions and knowledge of the company’s capital structure. Dividend Discount Model, Part 3: Capital Structure Projections You don’t want to “rock the boat” too much with Cash and Debt in this model.

Dividends 59

Dividends Terminal Value Equity Capital Structure 59

Benzinga

JANUARY 5, 2023

This transaction not only helps to simplify and clean up our capital structure ahead of a planned 2023 Nasdaq listing of our common stock, it will allow us to unlock the full profit potential of our 2021 acquisition of Enerev," said George B. Holmes, Chairman and Chief Executive Officer of Solar Integrated Roofing Corp.

Capital Structure 40

Capital Structure Marketability 40

Appraisal Rights

MARCH 26, 2020

When it comes to mergers themselves, the Principal Funds take a case-by-case approach, considering a litany of factors, including “(1) prospects of the combined companies; (2) anticipated financial and operating benefits; (3) offer price; (4) fairness opinion; (5) how the deal was negotiated; (6) changes in corporate governance and their impact on (..)

Appraisal 52

Appraisal Capital Structure 52

Benzinga

OCTOBER 13, 2022

CAPITAL STRUCTURE. 700 million three-year secured revolving credit facility (the "Revolving Credit Facility"), and cash on hand, to fully repay the existing Enerflex and Exterran notes and revolving credit facilities and put in place a new debt capital structure. times within 12 to 18 months.

Capital Structure 40

Capital Structure Net Debt EBITDA Banking 40

Andrew Stolz

MARCH 20, 2020

In practice, it is difficult for the firm to maintain its capital structure. It tends to add debt beyond the optimal capital structure. A firm has its ability to control the capital structure policy. With the purpose of the lower cost of capital, a firm probably tends to increase the level of debt.

Capital Structure 52

Capital Structure Weighted Average Cost of Capital Dividends Equity 52

Value Scope

AUGUST 31, 2020

The cash flows we isolate are tested for their ability to support debt, the new capital structure of the restructured firm. Probabilistic modelling provides real decision makers with a range in which they can negotiate and design a better capital structure for the most likely economic forecast. Conclusion.

Capital Structure 130

Capital Structure Finance Equity Marketability 130

Benzinga

NOVEMBER 22, 2022

As a private company with additional support from Paine Schwartz, AgroFresh will have access to the financial resources it needs to invest further in R&D and expansion efforts, while enabling the Company to address its capital structure.

Capital Structure 40

Capital Structure Technology Marketability 40

Reynolds Holding

JUNE 28, 2022

In another set of tests, we examine changes in banks’ asset level, capital structure, lending activity, and performance after the May 22, 2018, passage of the EGRRCP Act. The costs of conducting a stress test and disclosing the results range between $150 million and $250 million (LaCapra, 2014; Sterngold, 2015; Tracy and Turner, 2015).

Banking 59

Banking Marketability Capital Structure Compliance 59

RNC

DECEMBER 15, 2022

The working capital required to operate the business and how much is required to make improvements on the capital per year also affect the valuations. The net worth, capital structure, and debt are taken into consideration. The financial situation of the business also determines its value of the business.

Business Valuation 52

Business Valuation Intangible Assets Capital Structure Finance 52

Appraisal Rights

JANUARY 15, 2021

For example, in 2017 case SWS , changes to SWS’s capital structure as the result of cancelling debt in exchange for equity were part of the “operative reality” because the exercise of the warrants and debt cancellation was a known element of value as of the Merger Date and was not conditioned or contingent on the merger.

Discounted Cash Flow 52

Discounted Cash Flow Appraisal Capital Structure Equity 52

Appraiser Newsroom

AUGUST 29, 2022

Tom has extensive experience with a variety of fixed income and derivative products, such as interest rate swaps/swaptions, structured products, credit/FX/commodity derivatives, bonds/loans, convertible debt, warrants, and allocation of enterprise/equity values across simple and complex capital structures. HEALTHCARE VALUATION.

Business Valuation 40

Business Valuation Intangible Assets Appraisal Capital Structure 40

Benzinga

APRIL 12, 2023

Brookfield Infrastructure intends to maintain Triton's existing investment grade capital structure, uphold the highest operating and customer service standards for the benefit of Triton's customers and stakeholders, and help grow the business, aided by Brookfield Infrastructure's substantial access to long-term private capital.

Total Shareholder Return 40

Total Shareholder Return Capital Structure Equity Dividends 40

Andrew Stolz

AUGUST 5, 2020

The WACC is the average cost of raising capital from all sources, including equity, common shares, preferred shares, and debt. What Impacts the Weighted Average Cost of Capital? The lower the cost of capital, the higher the present value of future cash flows.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Equity Equity Financing Capital Structure 52

Reynolds Holding

APRIL 25, 2023

To see this distinction, consider the choice of capital structure: whether to use equity financing or a combination of equity and debt. The determining factor will be the capitalization rate of the firm’s assets: the discount rate on the firm’s cash flows minus the cash-flow growth rate.

Corporate Finance 59

Corporate Finance Net Present Value Finance Equity 59

Valutico

APRIL 17, 2023

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. These costs are then combined into a “weighted average” which represents the overall cost of financing a business.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Discounted Cash Flow Beta Equity 52

Valutico

APRIL 17, 2023

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. These costs are then combined into a “weighted average” which represents the overall cost of financing a business.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Discounted Cash Flow Beta Equity 52