Cooley M&A

JANUARY 19, 2023

1] On December 27, 2022, the Department of the Treasury (“Treasury”) and the IRS issued Notice 2023-2 (the “Notice”), providing interim guidance on the Excise Tax. SPAC stock issued in a private investment in public equity financing or in a deSPAC transaction) would reduce the Excise Tax under the “netting rule.”

Fair Market Value 52

Fair Market Value Marketability Treasury Dividends 52

Global Finance

MAY 8, 2024

This was primarily based on revenue growth, which registered a heady 30% rise, allowing the bank to distribute its highest full-year dividend since 2008. Still, shareholders had reason to smile: In August, it announced an AU$1 billion share buyback and paid a final dividend of AU$2.40 billion after-tax profit versus $8.3

Banking 52

Banking Dividends Start-ups Finance 52

Musings on Markets

JANUARY 19, 2022

In a post at the start of 2021 , I argued that while stocks entered the year at elevated levels, especially on historic metrics (such as PE ratios), they were priced to deliver reasonable returns, relative to very low risk free rates (with the treasury bond rate at 0.93% at the start of 2021).

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Musings on Markets

JANUARY 8, 2022

That said, it is my experience with markets that has also made me skeptical about the over selling of both notions, since we have an entire branch of finance (behavioral finance/economics) that has developed to explain how more data does not always lead to better decisions and why crowds can often be collectively wrong.

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Reynolds Holding

JANUARY 4, 2023

On December 27, 2022, Treasury released Notices 2023-7 and 2023-2 (the “Notices”). The Notices are intended to provide interim guidance until proposed Treasury Regulations are promulgated. The Treasury and IRS have requested further comments on this issue. 1] The CAMT and the Buyback Tax both are effective January 1, 2023.

Treasury 45

Treasury Dividends Marketability Finance 45

Musings on Markets

AUGUST 5, 2023

Corporate Finance : The role of the equity risk premium in determining the expected return on a stock makes it a key input in corporate finance, as well, because that expected return becomes the company's cost of equity. 00254 + 1.4543 (.04)

Risk Premium 78

Risk Premium Equity Start-ups Treasury 78

Brian DeChesare

JANUARY 4, 2023

Treasuries: 19% [Up 19%]. Treasuries in March 2020, when rates fell to 0%, and didn’t buy in again until the end of 2022. Treasuries (maturities of 1-3 years). TIPS (Treasury Inflation-Protected Securities) were not an option because of the low purchase limits and other restrictions. Short-Term U.S. I sold my U.S.

Marketability 96

Marketability Start-ups Treasury Dividends 96