Harvard Corporate Governance
MAY 12, 2023
Posted by Carola Frydman (Northwestern University) and Chenzi Xu (Stanford University) , on Friday, May 12, 2023 Editor's Note: Carola Frydman is Professor of Finance at the Kellogg School of Management at Northwestern University, and Chenzi Xu is an Assistant Professor of Finance at Stanford University Graduate School of Business. This post is based on their recent paper.
Viking Mergers
MAY 12, 2023
We wanted to share some important changes that the SBA has issued and what that means for both Buyers and Sellers. The SBA changed the conditions for a Seller Note to be considered part of the Buyers Equity Injection (aka Down Payment). Under the former guidelines, the seller note must be on Full Standby (no principle or interest payments) until the SBA Loan was paid in full.
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Harvard Corporate Governance
MAY 12, 2023
Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 12, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 5-11, 2023. Statement by Commissioner Peirce on Share Repurchase Disclosure Modernization Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Friday, May 5, 2023 Tags: disclosures , Financial institutions , FPIs , Monetary policy , SEC enforcement , Share Buybacks Statement by Chair
IVSC
MAY 12, 2023
Step 1 of 6 16% In order to answer the consultation questions below it is necessary to read the IVS General Standards first followed by any applicable Asset Standards, as set out in the IVS Exposure Draft (2023). You can save and submit your responses using the buttons at the bottom of this form About you Name Job title What firm/organisation do you work for?
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.
Appraisers Blog
MAY 12, 2023
In reply to Mike Ford. Dodd-Frank has lots of positive things if they were acted on. It’s too long and not clear enough. However, that’s not the focus right now. The focus is eliminating appraisers and replacing them with 3rd party inspectors. The 5% total might change to 50% plus in the next few years. That’s a problem. And yes, I still have a problem with the total AMC model, especially the six given the keys to the kingdom.
Benzinga
MAY 12, 2023
Electric vehicle (EV) company VinFast is going public via SPAC merger in a deal announced Friday morning. Here are the key details. The SPAC Deal: VinFast announced a SPAC merger with Black Spade Acquisition Co (NYSE: BSAQ ). The deal comes as VinFast previously filed for an initial public offering in the U.S. The merger values VinFast at an enterprise value of $27 billion, which makes it the third-largest SPAC merger in history, according to SPAC expert Julian Klymochko.
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Machen McChesney
MAY 12, 2023
Outsourced HR services are designed to streamline functions, reduce expenses and help meet your firm's operational goals. You may hire a third party to oversee some or all of your HR functions, including payroll processing, employee benefits administration, and talent acquisition.
NYT M&A
MAY 12, 2023
The embattled N.F.L. owner had reached a $6 billion deal in April with a group led by Harris but continued to seek higher bids. Other league owners are expected to review the sale at the end of this month.
Appraisers Blog
MAY 12, 2023
In reply to Honest Appraiser. H.A. Dodd-Frank gave AMCs NOTHING. DF codified a requirement to pay appraisers C&R fees. It further listed numerous specific violations of appraiser independence. Im no defender of the AMCs or status quo by any means but side-tracking from what should be real issues doesn’t do ajnyone any good.
Law 360 M&A
MAY 12, 2023
Rimon Law added four new attorneys across four of its offices, including an expansion of its real estate practice in the San Francisco/Silicon Valley area with the addition of an attorney with decades of experience in domestic and international transactions, the firm said.
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
Business Wire M&A
MAY 12, 2023
NEW YORK--(BUSINESS WIRE)--Today, American innovator and automotive tech industry pioneer Austin Russell, the Founder and CEO of Luminar, and Hong-Kong based Integrated Whale Media Investments (IWM) announced they have entered into a definitive agreement for the acquisition of majority ownership in Forbes Global Media Holdings in a transaction valuing the company at nearly $800 million.
Law 360 M&A
MAY 12, 2023
Pandora Media Inc. stockholders said Friday that they've reached a settlement with Pandora and Sirius XM Radio directors accused of orchestrating an unfair $3.5 billion buyout, reaching a deal one week ahead of a scheduled trial in the long-running Delaware litigation.
Norman Marks
MAY 12, 2023
I love to tell the story of Juliano. His father, Julio, was the manager of a hotel on the Adriatic coast of Italy that my family visited several times. Julio then purchased a hotel of his own near Rimini (not far away). It was there that I met his young son, Juliano.
Law 360 M&A
MAY 12, 2023
In light of a potential growing mediation trend of only submitting statements to the mediator, litigants should think critically about the pros and cons of exchanging statements with opposing parties as it could boost the chances of reaching a settlement, says Arthur Eidelhoch at Eidelhoch Mediation.
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.
Mckinsey and Company
MAY 12, 2023
Oscar Munoz shares leadership lessons on organizational transformation.
Law 360 M&A
MAY 12, 2023
A Davis Polk-advised group led by Apollo Global Management LLC co-founder Josh Harris has officially agreed to buy the Washington Commanders for $6.05 billion from Cravath-represented Daniel and Tanya Snyder, who have owned the NFL franchise since 1999, according to a Friday statement.
Auto Dealer Valuation Insights
MAY 12, 2023
As our colleague Bryce Erickson said in a recent post, uncertainty rules the day in the upstream world despite strong demand for oil and elevated commodity prices. The war in Ukraine has contributed to this, but there is no way of knowing when or if it will wind down. Interest rates continue to rise, and recession fears loom. We believe the recent initial public offering (IPO) of TXO Energy.
Law 360 M&A
MAY 12, 2023
The past week in London has seen global energy company Petrofac face up to a securities claim from investors after employee misconduct plummeted share prices, Nigerian villagers file an appeal against Leigh Day over the distribution of the settlement against Shell, and Teva begin a patent dispute against the governing board of the University of California.
Auto Dealer Valuation Insights
MAY 12, 2023
The National Association of Dealer Counsel (NADC) annual member conference was last week in Amelia Island, Florida. My colleague, Scott Womack, and I were happy to attend. In this week’s post, we provide a few takeaways from the conference for readers to keep an eye on during the remainder of the year. At the end of the post is further reading about other topics presented at the conference.
Law 360 M&A
MAY 12, 2023
Two years wasn't too long to wait before challenging T-Mobile's $26 billion merger with Sprint, and a recent decision from the D.C. Circuit helps prove that, the proposed class suing over the tie-up has told an Illinois federal court.
Benzinga
MAY 12, 2023
Cyclerion Therapeutics Inc (NASDAQ: CYCN ) has agreed to sell two of its assets - zagociguat (formerly CY6463) and CY3018, to a new private company ("NewCo") formed by certain current Cyclerion shareholders and new investors who have agreed to invest $81 million. Cyclerion will receive $8 million as reimbursement for all expenses related to zagociguat and CY3018 between the signing and closing of the transaction and 10% equity ownership in NewCo.
Law 360 M&A
MAY 12, 2023
Vietnamese electric vehicle maker VinFast said Friday it plans to list in the U.S. via a special purpose acquisition company merger that gives the company a $27 billion enterprise value and a $23 billion equity value.
Benzinga
MAY 12, 2023
Multi-state cannabis operator, Schwazze (OTCQX: SHWZ ) (NEO: SHWZ), completed the acquisition of Cannabis Care Wellness Centers and Green Medicals Wellness Center #5, known as Smokey's. With the addition of these dispensaries in Garden City and Fort Collins, Schwazze's Colorado dispensary count reaches an impressive 27. "As we continue to go deep in the state of Colorado, we're excited to bring our Star Buds operations to both Garden City and Fort Collins.
Benchmark Report
MAY 12, 2023
Benchmark International is pleased to announce the transaction between Integrity 1st, Inc and OneDigital, a portfolio company of Onex. This transaction creates a strategic expansion into the Colorado insurance market.
ThomsonReuters
MAY 12, 2023
As CPA firms navigate the ever-evolving digital economy, they are faced with various challenges that threaten their profitability and longevity. From leveraging automation and artificial intelligence to recruiting and retaining top talent, CPA firms must find innovative solutions in order to stay competitive. But fear not, because, with the right approach, CPA firms can turn these challenges into opportunities for a brighter future.
Benchmark Report
MAY 12, 2023
In today's competitive business landscape, mergers and acquisitions (M&A) have become a strategic tool for companies to achieve their corporate objectives. This is because M&A can offer companies various opportunities, such as expanding into new markets, gaining competitive advantage, accessing new technologies, and achieving economies of scale.
Benzinga
MAY 12, 2023
First Solar Inc (NASDAQ: FSLR ) stock is jumping over 20% Friday morning. FSLR strengthened its thin film photovoltaics (PV) offering via acquisition of Evolar AB in Europe. The company paid a purchase price of $38 million and will also pay up to an additional $42 million, subject to the achievement of certain technical milestones in future. FSLR projects an impact of around.
Law 360 M&A
MAY 12, 2023
As volatile public markets limit financing opportunities for many businesses, attorneys say more cash-hungry companies are turning to alternative capital-raising strategies to satisfy their needs despite costly trade-offs.
Benzinga
MAY 12, 2023
KKR & Co Inc (NYSE: KKR ) inked a deal to buy Rakuten Group, Inc's (OTC: RKUNF ) stake in Seiyu. KKR is making its investment from its Asian Fund IV. Further details of the investment were not disclosed. Per the terms, a fund managed by KKR will raise its share in Seiyu, a leading national supermarket chain in Japan, to 85% from 65%. KKR. Full story available on Benzinga.
Financial Times M&A
MAY 12, 2023
Competing approaches for German enterprise software group could lead to a stalemate
The Guardian M&A
MAY 12, 2023
Investors, who have wiped out 90% of THG’s market value since September 2020, react to the latest development THG has ended talks about a possible takeover bid by Apollo saying the private equity company’s offer is an inadequate valuation of the online retail tech company. THG, formerly known as the Hut Group, said that after a “short period of discussion” to give Apollo the chance to up its offer for the company, its board has unanimously decided to “terminate all discussions”.
Mckinsey and Company
MAY 12, 2023
As volatility persists, companies need to be ready for a range of macroeconomic scenarios.
Appraisers Blog
MAY 12, 2023
In reply to Baggins.
Law 360 M&A
MAY 12, 2023
Halma PLC said on Friday that it has completed the €59 million ($64 million) acquisition of Sewertronics, a wastewater pipeline repairing company, in a deal guided by DLA Piper.
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