Thu.Dec 07, 2023

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Recent Trends in Board Composition and Refreshment in the Russell 3000 and S&P 500

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Thursday, December 7, 2023 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Ass

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Unlocking the potential of generative AI: Three key questions for government agencies

Mckinsey and Company

Government organizations may seek to jump on the gen AI bandwagon, but the technology’s complexities could sideline their efforts. Our framework addresses some critical implementation questions.

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Preparing your 2023 Form 20-F

Harvard Corporate Governance

Posted by Connie I. Milonakis and Maxim Van de moortel, Davis Polk & Wardwell LLP, on Thursday, December 7, 2023 Editor's Note: Connie I. Milonakis is a Partner and Maxim Van de moortel is Counsel at Davis Polk & Wardwell LLP. This post is based on a Davis Polk memorandum by Ms. Milonakis, Mr. Van de moortel, Michael Kaplan , Yasin Keshvargar , Michael J.

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Yellow Rejects a Bid to Restart Trucking Company

NYT M&A

In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.

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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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Real Estate Rumors: Turgay Ciner, 1909, Pella

Law 360 M&A

Billionaire Turgay Ciner has reportedly listed a New York City residence for $15.5 million, co-working firm 1909 is said to be leasing 9,000 square feet in Florida, and Pella Corp. has reportedly paid $45 million for a Florida window and door manufacturer's headquarters.

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How Do Higher Interest Rates Impact Deal Making

A Neumann & Associates

Higher Interest rates generally have a negative impact on Mergers & Acquisitions (M&A) deals as most buyers finance a portion of their acquisition of target companies with debt. In this article, we will outline some of the negative, but also positive outcomes that higher interest rates have on the lower middle M&A market. For one, with debt costs surging, acquisitions become more expensive, having a direct negative impact on return on investment, or “ROI”, for an investor.

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Comment on Another ‘Bad’ Word to Avoid! by Johnny Q

Appraisers Blog

In reply to Tom. Yes you are right. Movies cannot be quantified. I wonder how they keep score at the box office and know how much money and movie has made. Oh well. it is as good or bad at example as the restaurant. It’s all a matter of opinion and feelings.

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Digital diagnostics: A path forward for IVD

Mckinsey and Company

In vitro diagnostics players are being tested as their offerings are increasingly commoditized. Digital diagnostics offers a path to growth.

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Comment on Another ‘Bad’ Word to Avoid! by Tom

Appraisers Blog

In reply to PJTMC. That’s the whole problem with FNMA. They act before they reason. The ERC process is far superior to anything FNMA has ever done and it eliminates all these so called concerns of equality and bias while providing a better appraisal format that is very easy to complete and read.

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It's Important to Track Tools and Small Equipment

Machen McChesney

Is your business constantly replacing its tools and small equipment? Certain items that can fit in a backpack, pocket, or even the armrest of a vehicle — such as power tools, hard hats, iPads, and RFID readers — have a tendency to “walk away” from job sites, warehouses, and offices. However, the cost of lost, damaged, and stolen items can quickly erode profits and cash flow.

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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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Crunch time in the North American LNG industry: How to meet demand

Mckinsey and Company

New EPC contracting strategies could help to reduce escalating costs for planned US greenfield projects and avoid a potential LNG supply-demand gap for the world.

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One Ransomware Attack. 60 Credit Union Outages. Million of Upset Members.

N Contracts

Imagine your data center is non-operational. Online and mobile banking and bill pay are down. It’s been days, and you have no idea when they will be working again.

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Korea’s next S-curve: A new economic growth model for 2040

Mckinsey and Company

Currently faced with a stagnating economy, South Korea could grow to become a top-seven economy by 2040 by adopting eight bold actions within three pillars.

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Woodside and Santos open talks over $52bn oil and gas merger

Financial Times M&A

Discussions over creation of Australian national champion in LNG production follow two large US deals

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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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TruStage’s Bob Trunzo on bringing bold change to insurance

Mckinsey and Company

The recently retired CEO of TruStage reflects on the decade he spent at the insurer’s helm, including an early move to prioritize digital.

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Comment on Another ‘Bad’ Word to Avoid! by PJTMC

Appraisers Blog

Another word that pops up from time to time is “desire” or any part thereof. The reviewer has blinders (or their review software does” ) and can take it totally out of context. I understand a statement such as “a desirable amenity” is subjective, and I have eliminated that from my reports. However, I have made comments such as “If a more thorough inspection is “desired” by the lender etc.” and have been asked to remove it when it plays no rol

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Woodside and Santos seek global scale in LNG with $52bn merger plan

Financial Times M&A

Combination would consolidate almost all of Australia’s liquefied natural gas sector

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The Benefits of Using a Business Broker to Sell Your Company

Sun Acquisitions

Selling a company is a significant decision that can have far-reaching implications for business owners. It involves intricate processes, financial negotiations, and a multitude of considerations. While some entrepreneurs may consider navigating this path on their own, enlisting the expertise of a professional business broker can prove to be a game-changer.

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Arctos takes stake in Paris Saint-Germain to value club at more than €4bn

Financial Times M&A

Qatari owners bring in sports-focused US private equity group

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UK Watchdog Seeks Input On Microsoft's Link With OpenAI

Law 360 M&A

The U.K. antitrust authority said Friday that it is reviewing whether the decision by Microsoft to take a seat on OpenAI's board could lead to competition concerns if it results in the tech giant gaining material influence over the ChatGPT developer.

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Remembering Charlie Munger

Auto Dealer Valuation Insights

Last week, our colleague Brooks Hamner crafted an insightful post for Mercer Capital’s RIA Valuation Insights blog commemorating the legacy of the renowned investor Charlie Munger. In his post, Brooks revealed several lesser-known Munger quotes, highlighting wisdom that holds value not only for professional investors but for every business and industry.

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E-Commerce Co. Nogin Can Access $19.2M Of DIP Funds

Law 360 M&A

E-commerce technology provider Nogin Inc. will be able to tap into $19.23 million of debtor-in-possession funds, after a Delaware bankruptcy judge on Thursday gave initial approval to its Chapter 11 DIP package.

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The Benefits of Hiring a Business Broker to Sell Your Business

Hallmark Brokers

Have you reached the point in your entrepreneurial career where you’re ready to sell a business and move on to different endeavors? This could stem from a desire to retire, the need to sell a lagging enterprise, or as part of a move to pursue better business opportunities. There are plenty of reasons to sell. Read more The post The Benefits of Hiring a Business Broker to Sell Your Business appeared first on Hallmark Brokers.

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Ex-Stroock M&A Duo Joins Cahill Gordon In NY

Law 360 M&A

Cahill Gordon & Reindel LLP announced the hire of two experienced mergers and acquisitions attorneys from Stroock Stroock & Lavan LLP as New York-based partners in the firm's M&A and corporate advisory practice group.

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FTC Not Backing Down In Fight Against Microsoft-Activision Deal, Despite UK's Approval

Benzinga

The Federal Trade Commission (FTC) is persisting in its efforts to halt Microsoft Corporation 's (NASDAQ: MSFT ) acquisition of Activision Blizzard, despite the deal being finalized in October 2023 and gaining approval from British regulators. According to Reuters, the FTC argued in an appeals court that a previous judge, District Judge Jacqueline Scott Corley , erred in deeming the $69 billion acquisition legal under competition law.

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DLA Piper, Kirkland Rep As PE Firm Buys Soccer Club Stake

Law 360 M&A

Kirkland & Ellis LLP-advised Arctos Partners announced Thursday that it has snagged a minority stake in French football club Paris Saint-Germain as part of a partnership with club owner Qatar Sports Investments, led by DLA Piper LLP, in a deal that a person familiar with the matter confirmed values the team at more than €4 billion ($4.32 billion).

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Master the Art of Strategic Planning & Execution

Rhythm Systems

Gain critical insights into strategic planning and execution with this webinar. Ideal for executives and business leaders, it offers actionable strategies to elevate your company's performance. Learn from industry experts about crafting effective plans and executing them with precision. Enhance your leadership skills and drive your organization toward success.

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US Trustee Wants 3rd Party Release Opt-Outs In IronNet Ch. 11

Law 360 M&A

The Office of the U.S. Trustee on Thursday objected to the Chapter 11 plan of bankrupt cybersecurity venture IronNet Inc., saying it needs to allow both voting and non-voting creditors to opt out of third-party releases.

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Australian Energy Titans Woodside And Santos In Talks For Merger: Details

Benzinga

Australia's energy sector is on the brink of a monumental shift, with Woodside Energy (NYSE: WDS ) and Santos Ltd. (OTC: SSLZY ) exploring a merger. This potential unification signals a significant phase of consolidation in the global oil and gas industry. This potential merger, if it goes ahead, would create an A$80 billion ($52 billion) oil and gas giant, reported Reuters.

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American Tells 1st Circ. JetBlue Ruling 'Flouts' Antitrust Law

Law 360 M&A

American Airlines has said a Boston federal judge was wrong to strike down its since-nixed Northeast Alliance partnership with JetBlue, telling the First Circuit the decision was "infected" with a fundamental misunderstanding of antitrust law and a twisted view of "what 'competition' means.

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Crafting an Inspiring Annual Plan

Rhythm Systems

In Chapter 6 of Rhythm: How to Achieve Breakthrough Execution and Accelerate Growth , New York Times bestselling author Patrick Thean dives deeper into annual planning - setting an inspiring vision and measurable goals for the year ahead. This chapter provides practical advice for annual planning that yields crisp execution focus across the organization.

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Investor Demands TechPrecision Disclose Info On Votaw Buy

Law 360 M&A

TechPrecision Corp. investor Wynnefield Capital has demanded that the company hold a public conference call to explain its rationale for purchasing Votaw Precision Technologies Inc. and detail how it would finance the "huge acquisition" of a company "more than twice its size," according to an open letter Wynnefield sent to TechPrecision's board of directors Thursday.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

This November 30 th the IVSC announced the passing of Alistair Darling, Chair of the International Valuation Standards Council Board of Trustees. As shared by the IVSC, Alistair assumed the role of Chair in 2019, following a long and illustrious career in public service, notably serving as the Chancellor of the Exchequer in the United Kingdom between 2007 and 2010.

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2 Australian Petro Cos. In Talks To Merge To Form $52B Giant

Law 360 M&A

Australian energy company Woodside confirmed Thursday that it is in talks with peer Santos Ltd. for a potential merger that could result in the formation of an approximately $52 billion energy giant, as energy companies continue to consolidate around the globe.

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