Fri.Jun 17, 2022

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ESG Global Study 2022

Harvard Corporate Governance

Posted by Jessica Ground, Capital Group, on Friday, June 17, 2022 Editor's Note: Jessica Ground is Global Head of ESG at the Capital Group. This post is based on her Capital Group memorandum. Executive summary. ESG adoption is on the rise, fuelled by client demand and a desire to make an impact. As ESG momentum continues to gain steam, investors are refining and evolving their strategies.

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Cybersecurity legislation: Preparing for increased reporting and transparency

Mckinsey and Company

To get ready for compliance with new US regulations, companies can segment their preparation into stages and take both short- and long-term actions to increase preparedness.

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Weekly Roundup: June 10-16, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 17, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 10-16, 2022. Practical Stake. Posted by Bruce F. Freed and Karl J. Sandstrom, Center for Political Accountability, on Friday, June 10, 2022. Tags: Accountability , ESG , Lobbying , Political spending , Reputation , Social contract , Stakeholders.

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Why Mereo BioPharma Shares Are Jumping Today

Benzinga

AstraZeneca plc (NASDAQ: AZN ) is rumored to be eyeing take over of Mereo BioPharma Group plc (NASDAQ: MREO ), according to a report in The Times. The Times' report says that "Mereo would accept $5, equating to $500 million including American depositary receipts or ADRs. Evercore and Citigroup are said to be involved as advisers." Mereo's lead drug, a TIGIT called etigilimab, is putting them in a race that disappointed after Roche.

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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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What’s “Controversial” About ESG? A Theory of Compelled Commercial Speech under the First Amendment

Harvard Corporate Governance

Posted by Sean J. Griffith (Fordham Law School), on Friday, June 17, 2022 Editor's Note: Sean J. Griffith is the T.J. Maloney Chair and Professor of Law at Fordham Law School. This post is based on his recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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2 Analysts Share Insights Into Elon Musk's All-Hands Meeting: What's Next?

Benzinga

Elon Musk met with Twitter, Inc. (NYSE: TWTR ) employees on Thursday for the first time since he launched an offer for the social media platform, wherein he discussed a host of issues. Musk Wants to Move Forward, Munster Says: The fact that Musk is finding time to talk with Twitter employees is evidence that he does want to move forward , Loup Funds analyst Gene Munster said in a video he shared on his Twitter timeline.

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Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Benzinga

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE : REV), Reuters reported. The development comes in the wake of Full story available on Benzinga.com.

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Mastering the dual mission: Carbon and cost savings

Mckinsey and Company

OEMs will need to move quickly to achieve their “dual-saving” ambition of reducing both total product emissions and costs. A limited supply of low-carbon materials adds pressure to act now.

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Merck Shows Takeover Interest In Seagen: WSJ

Benzinga

Merck & Co Inc (NYSE: MRK ) is reportedly mulling buying cancer-focused biotech Seagen Inc (NASDAQ: SGEN ), Wall Street Journal reported citing people familiar with the matter. If the deal happens, it would be significant, given Seagen's market value of roughly $28 billion. According to the report, some people said. Full story available on Benzinga.com.

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BNP Paribas approached Dutch government about ABN Amro acquisition

Financial Times M&A

Deal would be first major move in long-expected wave of consolidation across Europe’s banking sector

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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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Using Internal Controls to Protect Your Nonprofit Association From Fraud

Gross Mendelsohn

Internal controls are vital to protect your nonprofit association from fraud. While most leaders believe employees work at an organization as much for the mission as they do for the paycheck, sometimes that just isn’t the case.

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Year-End Planning for the Solar Energy Investment Tax Credit

Machen McChesney

Solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy can potentially lock-in lower energy rates. Further, Section 48 of the Internal Revenue Code provides businesses that invest in solar energy a 26% Investment Tax Credit (ITC) on qualifying solar property placed in service before January 1, 2026 — but only

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FTC Touts Labor As It Reviews Microsoft's Activision Deal

Law 360 M&A

Federal Trade Commission Chair Lina Khan affirmed the agency's commitment to scrutinizing mergers for their potential impact on labor markets after lawmakers urged enforcers to consider how Microsoft's $68.7 billion bid for Activision Blizzard would affect workers.

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Permian Production Remains Strong

Auto Dealer Valuation Insights

The economics of Oil & Gas production vary by region. Mercer Capital focuses on trends in the Eagle Ford, Permian, Bakken, and Marcellus and Utica plays. The cost of producing oil and gas depends on the geological makeup of the reserve, depth of reserve, and cost to transport the raw crude to market. We can observe different costs in different regions depending on these factors.

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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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Ad group M&C Saatchi reverses decision to support takeover by Next Fifteen

Financial Times M&A

Shareholders urged to vote against £310mn deal because of rival’s plunging share price

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Compensation Structures for RIAs: Part II

Auto Dealer Valuation Insights

Last week we introduced our series on compensation structures for RIAs. That post outlined the three basic components of compensation at investment management firms. Base salary/Benefits. This is what an employee receives every two weeks or so. It’s fixed in nature and is paid regardless of firm or employee performance over the short term. On its own, base salary provides little incentive for.

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3 ways work experience outsmarts formal education for professional development

Mckinsey and Company

The McKinsey Global Institute used big data to examine 4 million real-world job histories and found that meaningful work experience is critical to human capital development. Effective organizations who prioritize learning and development can have a major impact on whether or not an individual reaches their potential, write Anu Madgavkar and Sven Smit in World Economic Forum Agenda. .

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Changes in Fed policy and their impact on the economy

LaPorte

(authored by RSM US LLP) The Federal Reserve's changes to short-term interest rates will affect the stock of money, which directly determines the direction of the real economy…. The post Changes in Fed policy and their impact on the economy first appeared on LaPorte.

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Irwin Naturals' Buys Holistic Clinic In Vermont, Expanding Ketamine Emergency Treatments To Northeast Area

Benzinga

Irwin Naturals Inc. (OTC: IWINF ), a nutraceutical company developing hemp-based CBD products, is growing its national chain of psychedelic mental health emergency clinics, Irwin Naturals Emergence , including ketamine-assisted treatments. The company recently signed a binding agreement to acquire the assets of Hobie Fuerstman D O PLC , a primary care clinic provider based in Colchester, Vermont dedicated to preventive medicine.

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Latest SPAC Trends Point To Risk Of Negative Outcomes

Law 360 M&A

Interest in initial public offerings of special purpose acquisition companies has reached its apex, and in the second half of this year we anticipate sustained levels of SPAC shareholder redemptions, increased liquidations for those unable to consummate an initial business combination and increased litigation risk, say attorneys at The Brattle Group.

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LaPorte Named Top Winner in Accounting Firms in CityBusiness Poll

LaPorte

Readers of New Orleans CityBusiness, a weekly business publication, named LaPorte “Top Winner” in the “Best Accounting Firm” list in the publication’s Reader Rankings poll.… The post LaPorte Named Top Winner in Accounting Firms in CityBusiness Poll first appeared on LaPorte.

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EU Approves Ali Group's $4.8B Welbilt Deal With Ice Biz Sale

Law 360 M&A

European enforcers gave a green light to Ali Group's planned $4.8 billion acquisition of Welbilt Inc. after the food service equipment suppliers agreed to unload a global ice machine business, the same fix being mulled by other competition agencies.

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An Entrepreneur Ready to Sell? You Need A M&A Expert For That.

Benzinga

You’re an entrepreneur with a nicely operating and secure business, and it seems like you have built it to a place where exiting may be the right move to take some chips off the table. But how do you find a potential buyer who you can rely on to build on your hard work and take the business to a new level while ensuring you get suitably rewarded for all the years you have invested in the business?

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How Can M&A Help My Business Recover From Covid?

Benchmark Report

The COVID-19 pandemic taught us quite a few lessons for keeping a business surviving and thriving in unchartered territories. Now is the time to be forward-thinking. There are ways that you, as a business owner, can utilize mergers and acquisitions (M&A) as an effective strategy to accelerate your company’s recovery from the lingering impacts of the pandemic from both a defensive and offensive perspective.

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Monro Completes Sale Of Tires Now Assets To American Tire Distributors

Benzinga

Monro Inc (NASDAQ: MNRO ) has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors (ATD). The company sold its Full story available on Benzinga.com.

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The Importance of Effective Client Communication

Accounting Web

Clients The Importance of Effective Client Communication.

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The best way for companies to build their talent pool: Embrace employee mobility

Mckinsey and Company

People grow and add skills by varying their work experience—in other words, by moving, write Bill Schaninger and Anu Madgavkar in Fortune.

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Vet Clinic FTC Settlement Puts Private Equity On Notice

National Law Review M&A

Bruce D. Sokler Tinny T.

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RWI: General Partner-Led Private Equity Fund Secondaries

John Jenkins

The past several years have seen significant growth in general partner-led secondary transactions which enable a sponsor to effectively extend the duration of an existing private equity fund. In these transactions, a private equity fund’s general partner establishes a continuation fund into which it transfers certain of the original fund’s assets.

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SEC Chair Gensler Issues Statement on Request for Comment on “Information Providers”

Reynolds Holding

Today [June 15], the Commission voted to issue a request for comment to help determine which “information providers,” such as index providers, model portfolio providers, and pricing services, might come under the Commission’s definition of an investment adviser. The role of these information providers in today’s markets raises important questions under the securities laws as to if they are providing investment advice rather than merely information.

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M&C Saatchi pulls support for £310m takeover by Next Fifteen

The Guardian M&A

Ad agency no longer considers terms of offer ‘to be fair and reasonable’ after bidder’s shares fall M&C Saatchi has withdrawn its support for a £310m takeover bid from the digital marketing group Next Fifteen, saying it no longer regarded the terms as “fair and reasonable” amid pressure from another bidder. The deal would have ended almost three decades of independence of one of Britain’s most famous advertising agencies.

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Rogers, Shaw and Quebecor Announce Agreement for Sale of Freedom Mobile

Benzinga

The proposed divestiture of Freedom Mobile to Quebecor will ensure the presence and viability of a strong fourth wireless carrier in Canada. Quebecor brings an undeniable operational and competitive track record, as well as significant financial resources. TORONTO and CALGARY, Alberta and MONTREAL, June 17, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc.

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Space Co. Investor Sues In Del. For SPAC Merger Records

Law 360 M&A

An investor in a special-purpose acquisition company that pivoted from cannabis to commercial space technology has sued the entity it ultimately merged with for its books and records, alleging the blank-check company's directors made incomplete and misleading disclosures to close the deal.

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Heartland Home Services Welcomes the Thielmann Group

Benzinga

GRAND RAPIDS, Mich., June 17, 2022 (GLOBE NEWSWIRE) -- Heartland Home Services ("Heartland"), the Midwestern leader in HVAC, plumbing and electrical home services, is pleased to announce that it has acquired The Thielmann Group ("Thielmann"), a leading provider of HVAC services in Southeast Wisconsin. The addition of Thielmann creates an extension into a core Midwestern market of Wisconsin, allowing Heartland to serve more customers every day.