Fri.Jun 23, 2023

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Weekly Roundup: June 16-22, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 23, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 16-22, 2023. Key Components and Trends of CVRs in Life Sciences Public M&A Deals Posted by Sally Wagner Partin, Sharon Flanagan, and Hannah M. Brown, Sidley Austin LLP, on Friday, June 16, 2023 Tags: Contingent value right , corporate deals , external evaluations , Liability standards , Merger li

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Tilray's HEXO Acquisition Creates Canada's Top Cannabis Company With 44% Market Share Boost

Benzinga

Tilray (NASDAQ: TLRY ) is making bold moves to secure a profitable future, and its latest acquisition of HEXO Corp. (NASDAQ: HEXO ) has solidified its position as Canada's top cannabis company with a 44% market share boost, expanding its market share by 467 basis points. Despite a challenging market, the strategic combination of Tilray and HEXO is expected to drive revenue growth and create significant opportunities for increased margins and earnings, with projected annualized cost savings o

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Commentary: Our Proxy Advice is Apolitical

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, June 23, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services, Inc. This post is based on a recent editorial by Gary Retelny , President and CEO of Institutional Shareholder Services, Inc. My firm, Institutional Shareholder Services (ISS), has over recent months been subject to a growing chorus of partisan attacks meant to malign our work and brand us as “woke activis

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Underestimated start-up founders: The untapped opportunity

Mckinsey and Company

More access to funding for underrepresented start-up founders can unlock massive investment and innovation opportunities. These founders are not just underrepresented—they are underestimated.

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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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Washington Spirit’s Michele Kang Wants to Take Women’s Soccer Clubs Global

NYT M&A

With the rapid rise of women’s soccer, Y. Michele Kang, the owner of the Washington Spirit, is in the vanguard of transforming ownership and management worldwide.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Tom

Appraisers Blog

In reply to Cobra. “We know that the housing system was designed with race based inequity structures, so having discussions about ways of building generational wealth is essential,” said Secretary Marcia L. Fudge. Said the woman who’s boss wants to increase estate and capital gains taxes. If there were a scale of Racist to Communist 0 – 10. I think she might be about an 8.5 with racism being a non-issue in context of the USA.

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More Trending

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Comment on FNMA Property Data Collectors Program Violates WV Law by Andrew T Picarsic

Appraisers Blog

FNMA Property Data Collectors program which allows unlicensed individuals to collect data on properties is illegal according to WV Article 38

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What is bioengineering?

Mckinsey and Company

Bioengineering is the application of engineering principles to improve disease prevention and treatment, agricultural production, energy sustainability, and more.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Eric Kretz

Appraisers Blog

Being an appraiser means being unbiased, impartial, and objective. For a HUD DEI committee that looks pretty one sided. Thought exercise. What if that entire panel was white or hispanic? What would the response be? Animal Farm-some people are more equal than others.

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Kirkland, Katten Build $520M Entertainment Biz SPAC Merger

Law 360 M&A

Bowling and entertainment company Pinstripes Inc. on Friday announced its plans to go public through a merger with special purpose acquisition company Banyan Acquisition Corp. in a deal that values the company at an enterprise value of $520 million and was built by law firms Kirkland and Katten.

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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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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Mary Cummins

Appraisers Blog

I contacted her about being a part of the PAVE Task Force. I stated I was an appraiser and a Latina woman with a unique and diverse perspective. I asked to be notified of meetings and to be able to speak. Nothing. I thought she just didn’t want input from appraisers because we would prove that her “research” and “data” are flawed and being misinterpreted.

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6 States Join FTC's Challenge To Amgen's $28B Horizon Buy

Law 360 M&A

Illinois and California are among six states that have joined the U.S. Federal Trade Commission's antitrust suit against Amgen's planned $28 billion purchase of Horizon Therapeutics, the maker of the drug Tepezza for thyroid eye disease and Krystexxa for chronic refractory gout.

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Comment on We Need a Lobbyist by David

Appraisers Blog

I was a lobbyist for 5 years – don’t waste your money – you’re out spent. Direct contact with your representatives is actually effective!

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Italian oil major Eni buys Neptune Energy for $4.9bn

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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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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Virginia 'Rocket Docket' Slowdown Is Likely A Blip

Law 360 M&A

After being the fastest or second-fastest federal civil trial court for 14 straight years, the Eastern District of Virginia has slid to 18th place, but the rocket docket’s statistical tumble doesn't mean the district no longer maintains a speedy civil docket, says Robert Tata at Hunton.

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The growth imperative: Perspectives from UK marketing leaders

Mckinsey and Company

Alumni of the Marketing Academy EMEA Fellowship Program share their experiences in overcoming near-term obstacles to growth.

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Microsoft Exec Makes 'Call of Duty' Pledge At FTC Hearing

Law 360 M&A

Microsoft's gaming chief took the stand Friday at a hearing over the Federal Trade Commission's bid to block its $68.7 billion merger with Activision Blizzard Inc. and promised that contrary to the agency's prediction, the Xbox maker won't bar rival Sony from selling Activision's blockbuster Call of Duty games for PlayStation.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Tom

Appraisers Blog

“… special meeting of master minds …” Ha!, I see what you did there. Better be careful with those racists comments. I’ve been called out twice for reporting racist kitchen appliances and apparently underaged hvac systems. I wrote in a report that the kitchen had standard white appliances and the HVAC at a certain point in time was known to be 10 years old and now 13 years old.

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Frasers’ shopping spree: Mike Ashley-owned empire snaps up stakes

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Caterina Platt

Appraisers Blog

It’s the epitome of hypocrisy. But don’t dare try to point that out lest the multi headed beast turn in your direction to devour. I’ve been desk pounding and wordsmithing for 15 years about the left and the whack job political climate. I’ve grown weary, to the point where all I want to do is either tune completely out of it all (society in general) or blow it to bits so we can start over.

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From owner to user: Why consumers want more flexible car access models

Mckinsey and Company

Several trends may make leasing preferable to financing, but many consumers remain unsure about the process.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Truett D. Neathery

Appraisers Blog

In reply to Ernie J Ramos IFA, ASA. “Hispanics” are “Of or from Spain” according to the dictonary, Looking at the Census reports, Hispanics are lumped in with the fraction “White, European” group and are well integrated into the population. Of course, Mrs. Fudge or Mrs. Waters would not care about them.

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LaPorte Team Members Named to Capital Region 500

LaPorte

LaPorte is honored to announce that Eric Bosch, President and CEO, and Wendi Berthelot, Director of Audit and Assurance Services, have both been named to… The post LaPorte Team Members Named to Capital Region 500 first appeared on LaPorte.

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Comment on We Need a Lobbyist by Cathy L Harper

Appraisers Blog

In reply to Mike Ford. In Texas, we have TWO State Groups ONE is Association of Texas Appraisers. YES the goal is Education. [link]. The OTHER group is a PAC. FACT they are more involved in the politics.

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Microsoft Admits 'Xbox Has Lost The Console Wars' During FTC Court Hearing

Benzinga

In a court document submitted during the Federal Trade Commission 's (FTC) hearing regarding Microsoft Corp.'s (NASDAQ: MSFT ) $68.7 billion acquisition of Activision Blizzard Inc (NASDAQ: ATVI ), the Xbox manufacturer admitted that it has lost the video game wars against rivals Sony Group Corp. (NYSE: SONY ) and Nintendo Company Ltd (OTC: NTDOY ).

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Comment on We Need a Lobbyist by Julie Friess

Appraisers Blog

In reply to Mike Ford. His name is Steve Cannon. Mike- Back when I was president of the Coalition of Arizona Appraisers, we had a lobbyist named Ben something. I can look up his name and information and even if he can’t help us he might know someone who can?

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Customers Take Airline Bankruptcy Merger Suit To High Court

Law 360 M&A

American Airlines Inc. customers have asked the U.S. Supreme Court to revive their long-running challenge to the airline's bankruptcy-spurred 2013 merger with US Airways, claiming lower courts have openly disregarded high court precedent in rejecting a bid to unwind the allegedly anti-competitive deal.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Ernie J Ramos IFA, ASA

Appraisers Blog

HUD Secretary Fudge decided to convene a special meeting of master minds with absolutely no real diversity, equity or inclusion included.

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Obtaining a Restaurant Equipment Appraisal

Peak Business Valuation

Obtaining a restaurant equipment appraisal is a crucial step for restaurant owners looking to make informed financial decisions. At Peak Business Valuation , we specialize in providing accurate and reliable appraisals to help you understand the value of your equipment. By receiving an equipment appraisal you can make informed decisions regarding your restaurant and restaurant equipment.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Honest Appraiser

Appraisers Blog

HUD Secretary Fudge decided to convene a special meeting of master minds with absolutely no real diversity, equity or inclusion included.

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Valuation Multiples for a Lumber and Building Material Store

Peak Business Valuation

The lumber and building material industry includes stores that sell construction materials such as lumber, hardwood and brick. According to IBIS World , there are over 37,000 lumber and building material stores in the United States. These businesses generate over $150 billion dollars in revenue. As disposable income increases and the housing and construction markets strengthen, industry revenue will continue to grow.

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Mineral Aggregator Valuation Multiples Study Released

Auto Dealer Valuation Insights

Mercer Capital has its finger on the pulse of the minerals market. 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. Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded.

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Why Conformis Stock Is Shooting Higher Today

Benzinga

Conformis, Inc. (NASDAQ: CFMS ) shares are shooting higher after the company announced a deal to be acquired by medical device firm restor3d for $2.27 per share in cash. The deal offers a premium of 96% to the closing price of Conformis stock on June 22, 2023. "We. Full story available on Benzinga.

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Benefits Of Acquisition

Benchmark Report

An acquisition is a transaction in which one company purchases another or a portion of its assets. The acquiring company, also known as the buyer, assumes control of the target company, the seller, by purchasing its stock or specific investments.

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