Fri.May 13, 2022

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Stewardship in the Context of Geopolitical Risk

Harvard Corporate Governance

Posted by Benjamin Colton, Holly Fetter, and Ryan Nowicki, State Street Global Advisors, on Friday, May 13, 2022 Editor's Note: Benjamin Colton is Global Head of Asset Stewardship, Holly Fetter is Assistant Vice President of Asset Stewardship, and Ryan Nowicki is Assistant Vice President of Asset Stewardship at State Street Global Advisors. This post is based on their SSgA memorandum.

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Examples of Mergers & Acquisitions: 8 Factors for Success

Viking Mergers

Mergers and acquisitions are often discussed together, but the terms are not actually interchangeable. The term merger refers to a strategic process whereby two or more companies mutually enter a legal agreement to form a new business entity. Large scale examples of mergers include the 1998 merger of Exxon Corp and Mobil Corp to become Exxonmobil, and more recently, the 2015 merger of H.J.

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Weekly Roundup: May 6-12, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 13, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 6-12, 2022. SEC’s Climate Disclosure Rules: GHG Emissions Disclosure Requirements. Posted by Nick Grabar, Lillian Tsu and Helena Grannis, Cleary Gottlieb Steen & Hamilton LLP, on Friday, May 6, 2022.

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Twitter CEO Gives Update On Musk M&A, Company's Future: Here's What He Said

Benzinga

Following the news of Tesla (NASDAQ: TSLA ) CEO Elon Musk putting his acquisition of Twitter (NYSE: TWTR ) on hold , current Twitter boss Parag Agrawal had something to say. Here’s some background: Musk tweeted early Friday morning that the “Twitter deal [is] temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users’ ” He later followed up by saying he’s “still committed to the acquisition.

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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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Engaging with Vanguard

Harvard Corporate Governance

Posted by Allie Rutherford, PJT Camberview, on Friday, May 13, 2022 Editor's Note: This post is an interview of John Galloway, Principal and Global Head of Investment Stewardship at Vanguard, by Allie Rutherford , Partner at PJT Camberview. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors by Lucian Bebchuk, Alma Cohen, and Scott Hirst (discussed on the Forum here ); Index Funds and the Future of Corporate Governance: Theory, Evide

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Trending On Twitter: #ElonsProblems Inspires Anger And Empathy For Elon Musk

Benzinga

Elon Musk’s from-out-of-nowhere announcement that he was putting his acquisition of Twitter (NYSE: TWTR ) on hold stirred criticism, cynicism and compassion on the platform, with users bringing the hashtag #elonsproblems to trending status. WTF Elon: Musk tweeted earlier today that the Twitter purchase was “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.

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3 Implications From Elon Musk Putting Twitter Deal On Hold

Benzinga

Elon Musk spooked the market with his early Friday tweet that the Twitter, Inc. (NASDAQ: TWTR ) deal is on hold. Wedbush analyst Dan Ives says there are three scenarios at play now: The Street will view the announcement as signaling that the deal could be falling apart. Alternatively, the development could suggest Musk is looking around to negotiate a lower bid price.

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Tegna's $8.6B Go-Private Deal Put Under DOJ Microscope

Law 360 M&A

Tegna's planned $8.6 billion deal to go private has formally come under antitrust scrutiny from the U.S. Department of Justice, the broadcast giant disclosed in a government filing.

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When to Sell a Business

Sun Acquisitions

People typically start businesses for one of four major reasons: For the lifestyle. For the money (they hope to make when they eventually sell). As a legacy and for posterity. To change the world. Regardless of the reason for setting out to establish a business, a fair number of people eventually wind up thinking of selling. And the question of when should you sell a business inevitably comes up.

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Elon Musk Says Twitter Deal On Hold

Law 360 M&A

Elon Musk tweeted Friday that he has hit "pause" on his blockbuster, $44 billion Twitter acquisition while assessing reports that spam and fake accounts make up less than 5% of users.

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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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Elon Says Twitter Deal On Hold: What You Should Know

Benzinga

After running the hard mile to mobilize finances for his Twitter Inc. (NASDAQ: TWTR ) buy, Elon Musk said early Friday the deal is on hold. What Happened: Musk tweeted that the deal is temporarily on hold, and the reason apparently is the discord over spam/fake accounts calculation. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," the Tesla Inc.

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Rival Sues NCR Over Deals With Cardtronics, Crypto Provider

Law 360 M&A

Payment processing company U.S. Alliance Group Inc. sued ATM provider NCR Corporation in California federal court on Thursday, alleging NCR conspired with two other companies to take over USAG's position in crypto ATMs.

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Why OTR Acquisition Shares Are Soaring Today

Benzinga

Shares of a SPAC are trading significantly higher Friday after a large portion were redeemed as part of the SPAC process. What Happened: OTR Acquisition Corp (NASDAQ: OTRA ) completed Thursday its merger vote with Comera Life Sciences. A total of 10.3 million shares, representing 98.4% of all OTR Acquisition shares were redeemed as part of the merger.

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Musk's Twitter Jitters Could Spark $1B Breakup Battle

Law 360 M&A

Elon Musk's decision to put his $44 billion purchase of Twitter on ice may merely be a negotiating tactic, but it could prompt the social media platform to sue the Tesla CEO to collect a $1 billion breakup fee or force him to make good on his offer.

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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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22nd Century Group Acquires Privately-Held Cannabis & Hemp Co., Here's What's Next

Benzinga

22nd Century Group, Inc. (NASDAQ: XXII ) announced the acquisition of privately held GVB Biopharma. GVB - a contract development and manufacturing organization - provides hemp-derived active ingredients for the pharmaceutical and consumer goods industries worldwide. Deal Details. The aggregate consideration for the transaction consisted of the assumption o f roughly $4.5 million of debt, GVB's closing costs, and the issuance to GVB of 32.9 million unregistered shares of common stock of the c

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Blue carbon: The potential of coastal and oceanic climate action

Mckinsey and Company

Nature-based climate solutions in the world’s oceans can play an important role in conservation and carbon abatement efforts worldwide.

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Elon Musk Says His Takeover of Twitter Is ‘On Hold.’

NYT M&A

Mr. Musk said he wanted to confirm Twitter’s findings that spam and fake accounts make up less than 5 percent of its users.

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Reimagining higher education in MENAP

Mckinsey and Company

Stakeholders can consider a range of bold initiatives to transform higher education and create new opportunities for students in the Middle East, North Africa, and Pakistan.

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Elon Musk Says His Takeover of Twitter Is ‘On Hold.’

NYT M&A

Mr. Musk said he wanted to confirm Twitter’s findings that spam and fake accounts make up less than 5 percent of its users.

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Elon Musk puts $44bn Twitter deal ‘on hold’

Financial Times M&A

Tesla chief questions fake accounts on social media site, leading to share price drop and new doubts over takeover

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How to stay cool as competition heats up in ice cream and yogurt

Mckinsey and Company

Ice cream and yogurt industry leaders are rethinking innovation and consumer segmentation to keep pace in marketplaces changing faster than ever before.

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Why is Elon Musk really putting his Twitter deal ‘on hold’?

Financial Times M&A

Tesla chief executive blames bots, but some think he is looking for a better deal — or an excuse to walk away

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Box’s Aaron Levie on navigating SaaS’ several stages of growth

Mckinsey and Company

After nearly two decades leading the file-sharing company, its co-founder and CEO talks about how his understanding of value in enterprise software has evolved.

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Toshiba reveals takeover interest as battle heats up

Financial Times M&A

Japanese conglomerate has been under pressure from activist shareholders to sell itself

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The Fastest Federal Trial Courts: A Look At Virginia, Florida

Law 360 M&A

The Eastern District of Virginia rocket docket and the Northern District of Florida were last year’s fastest civil trial courts in the nation, and interviews with two of their judges reveal they have some of the same practices to keep litigation moving efficiently, says Robert Tata at Hunton.

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Is a Slowdown in RIA M&A Imminent?

Auto Dealer Valuation Insights

RIA M&A activity and multiples have trended upwards for more than a decade now, culminating in new high watermarks for both activity and multiples set late last year. Deal momentum continued strong into the first quarter, but we sense at least initial signs of slowing as the macroeconomic backdrop has deteriorated. On CI Financial’s first quarter earnings call last week.

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Twitter/Musk: shares take a tumble after comic intervention

Financial Times M&A

Walking away from the transaction altogether could be costly for both parties

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Is Elon Musk Backing Away from Twitter?

NYT M&A

Some early morning tweets fed into speculation that he could back out of the deal.

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FisherBroyles Adds Experienced Corporate Atty In NY

Law 360 M&A

Virtual law firm FisherBroyles LLP announced the hiring of a New York-based partner to its corporate and mergers and acquisitions practices with over 20 years of experience working with investment banks and other financial advisers.

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Themes from Q1 Earnings Calls

Auto Dealer Valuation Insights

In Part 1 (E&P Operators) and Part 2 (Mineral Aggregators) reviews of Q4 Earnings Calls, prevalent themes among the E&P Operator calls included cost inflation, a shifting focus towards liquids, and policy headwinds towards the Oil & Gas industry. Among the mineral aggregators, common themes were capital discipline, flat production growth, and the strength in the position of aggregators amid the.

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Firms Seek $2.4M For $7.5M Spectra Merger Deal In Chancery

Law 360 M&A

Grant & Eisenhofer PA, Friedman Oster & Tejtel PLLC and Andrews & Springer LLC are seeking $2.4 million in fees and expenses for a $7.5 million settlement that would end a Delaware Chancery Court suit over Spectra Energy Partners LP's multistep $3.3 billion merger with Enbridge Inc.

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The Many Benefits of Outsourcing the CFO Function

LaPorte

As a small to medium-size business owner, you wear many hats and may be responsible for everything from new product development, to operations, human resources,… The post The Many Benefits of Outsourcing the CFO Function first appeared on LaPorte.

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Pipeline Inspection Co. Gets Nod On Amended $5M DIP Loan

Law 360 M&A

Energy sector inspection company Cypress Environmental Partners LP received permission Friday to borrow up to $5 million in Chapter 11 financing after the debtor made changes to address concerns raised by a Texas bankruptcy judge earlier this week.

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Gold vs Bitcoin: 5 Reasons Why Bitcoin Is Better?

Financial Analyst Insider

Both gold and Bitcoin are pretty much the same. Both of the assets are limited in nature, and they run independently without the interference of. The post Gold vs Bitcoin: 5 Reasons Why Bitcoin Is Better? appeared first on Financial Analyst Insider.

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