Thu.May 18, 2023

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Activist Wins Another Vote Under Universal Proxy

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Thursday, May 18, 2023 Editor's Note: Michael R. Levin is founder and editor of The Activist Investor. This post is based on his TAI piece. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) by Lucian A.

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Exit Through the Virtual Door: Tips for Selling Your E-commerce Business

Viking Mergers

As an e-commerce business owner, you have likely noticed things run differently than in a traditional, brick-and-mortar organization. Lower overhead costs often mean increased profits, which the e-commerce sector has demonstrated with its substantial growth in recent years. However, you may wish to move on to a new opportunity or new field altogether, which means you want to sell your e-commerce business as painlessly as possible.

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The Emergence of Welfarist Corporate Governance

Harvard Corporate Governance

Posted by Marcel Kahan and Edward Rock (New York University), on Thursday, May 18, 2023 Editor's Note: Marcel Kahan is the George T. Lowy Professor of Law and Edward B. Rock is the Martin Lipton Professor of Law at New York University School of Law. This post is based on their 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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Consumers are in fact buying sustainable goods: Highlights from new research

Mckinsey and Company

Which sustainability attributes matter most at the point of sale? Do consumers pay attention to sustainability claims? A new report from McKinsey and NielsenIQ provides answers.

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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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IRS Announces 2024 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums

ThomsonReuters

Rev. Proc. 2023-23 (May 16, 2023) Available at [link] The IRS has released the 2024 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2024 annual HSA contribution limit is $4,150 for individuals with self-only HDHP coverage (up from $3,850 in 2023), and $8,300 for individuals with family HDHP coverage (up from $7,750 in 2023

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Comment on ‘Clean-Slate’ Laws, Bad Policy Could Dispatch More Felons to Borrowers’ Homes by Rick D

Appraisers Blog

They (the data collecters) may not be criminals but do they carry liability insurance, have they had any exposure to house construction and building systems and have they been interviewed? Do they have any personal and employment references? Who or what entity oversees their work quality ? I assume the answer to all of these questions is a big NO !

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Sam Zell, 81, Tycoon Whose Big Newspaper Venture Went Bust, Dies

NYT M&A

With a fortune made in real estate, he went into the media business in a landmark leveraged buyout of the Tribune Company in 2007. Bankruptcy ensued.

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Severance Agreement Not a Substitute for COBRA Compliance

ThomsonReuters

Davis v. World Ins. Assocs., LLC, 2023 WL 2665727 (D.N.J. 2023) Available at [link] As part of a larger employment discrimination lawsuit, a former employee alleged that her employer failed to notify her of her COBRA rights or timely process her request for continued health coverage. The employer asked the court to dismiss the COBRA claim, arguing that the employee’s severance agreement notified her of her COBRA eligibility.

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Comment on ‘Clean-Slate’ Laws, Bad Policy Could Dispatch More Felons to Borrowers’ Homes by Donna Beck on Facebook

Appraisers Blog

In reply to Chuck Minzenberger on Facebook. Chuck Minzenberger if the industry would unite, and not take these desktops, it would send a message.

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Fundraising in 2023: The ‘Dry Powder’ Conundrum

Equidam

Since the start of the year, two main narratives have emerged in early stage investment: The first is that we’re paying for the drunken ZIRP excesses , with LPs firmly clamping down on their purse strings, and investors demanding ever more stringent terms from founders. In short, cut your burn to default alive, or die trying because there is little hope of fundraising picking up until next year.

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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 Don Machholz Passing by Bart Vogel

Appraisers Blog

Don’s 1004MC 5C for MetroList spreadsheet has saved me countless hours of work and my computer crashed a week ago and I can’t find it on my external hard drive. I am hoping someone would be able to share their copy with me. I hope that a late donation to Don’s wife will be helpful even after so much time has passed.

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ButcherJoseph Advised American Metals Supply on Its Sale to MacArthur Company

Butcher Joseph & Co.

ButcherJoseph & Co. served as exclusive financial advisor to American Metals Supply Co., Inc. on its sale to MacArthur Company. The post ButcherJoseph Advised American Metals Supply on Its Sale to MacArthur Company appeared first on ButcherJoseph & Co.

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Managing Trade Secrets and Restrictive Covenants in Health Care M&A Deals – Diagnosing Health Care [PODCAST]

National Law Review M&A

Health Care and Life Sciences Practice Group Jurisdiction: All Federal Type of Law: Health Law & Managed Care Mergers & Acquisitions Administrative & Regulatory

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Six secrets of unleashing the power of retail media

Mckinsey and Company

Retail media networks are booming, but increasing innovation is spurring competition. Here’s how to unlock the true potential of retail media.

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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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Alibaba Proceeds With Plans To Spin Off Units, Pursue IPOs

Law 360 M&A

Chinese e-commerce conglomerate Alibaba Group Holding Ltd. said Thursday it is moving forward with a shake-up that includes spinning off its logistics and retail units through initial public offerings, while separately divesting its cloud business and seeking external financing for its international digital commerce division.

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Comment on ‘Clean-Slate’ Laws, Bad Policy Could Dispatch More Felons to Borrowers’ Homes by Chuck Minzenberger on Facebook

Appraisers Blog

A Licensed Appraiser still needs to sign the file, you have to know when all this goes terribly wrong the Appraiser will get blamed, afterall they are responsible for signing off on the data and the data collector. Don’t think this will not happen.

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Geely doubles stake in Aston Martin to 17%

Financial Times M&A

Chinese group invests £234mn and becomes third-largest shareholder in carmaker

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Comment on ‘Clean-Slate’ Laws, Bad Policy Could Dispatch More Felons to Borrowers’ Homes by Pat

Appraisers Blog

Classless should be fully exposed for their lackluster business securities. What else is being hidden. Could it be invoices?

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Icahn regrets losing $9bn on short bets

Financial Times M&A

Plus, Credit Suisse bondholders get access to AT1 wipeout decree and Geely boosts stake in Aston Martin

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Should You Certify Under the EU-U.S. Data Protection Framework (DPF)?

Audit Board

There has been a wave of data privacy legislation passed over the last decade, with various laws being passed in the European Union and across the states in the United States. In their latest effort, EU regulators are deciding whether the newly announced Trans-Atlantic Data Privacy Framework (DPF) will provide EU individuals’ personal data adequate protection when the personal data is stored in the United States.

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Italy’s Mediobanca buys UK-based tech advisory firm

Financial Times M&A

Deal to buy Arma Partners is latest move by Milanese lender to expand overseas

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nVent Completes Acquisition of ECM Industries

Business Wire M&A

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that it has completed the previously announced acquisition of ECM Investors, LLC, the parent company of ECM Industries, LLC (“ECM”), for a purchase price of $1.1 billion, subject to customary adjustments.

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SBA Financing for a Financial Advisory

Peak Business Valuation

Financial advisory firms are thriving right now. As such, there are dozens of transactions of financial advisory firms. Therefore, it may be a great time to buy , sell , or expand a financial advisory. However, obtaining the financing to do so can be difficult. This is where SBA loans for financial advisories come in helpful. There are many options for SBA financing for a financial advisory firm.

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Compliance Strategy: Does Your Policy Need a Tune-Up? | Ncontracts

N Contracts

In the world of financial institutions, policy is the backbone of operations. It defines compliance strategy and standards, guides behavior, and defines how business should be conducted.

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Cybersecurity In Space? Accenture Invests In Virginia-Based SpiderOak

Benzinga

Accenture Plc (NYSE: ACN ) announces strategic investment in SpiderOak, a provider of zero-trust cybersecurity and resiliency solutions for next-generation space systems, through Accenture Ventures. Terms were not disclosed. Based in Reston, Virginia, SpiderOak's OrbitSecure product suite delivers zero trust security to zero gravity environments.

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Zukin Partners Advises HyreCar on Bankruptcy Court 363 Sale to Getaround

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)--Zukin Partners represented HyreCar, Inc. in its sale to Getaround, the world's first connected carsharing marketplace, via a Bankruptcy Court supervised Section 363 Sale. The auction was concluded on May 8, 2023 and the sale was finalized at a Bankruptcy Court hearing on May 15, 2023. Zukin Partners was instrumental in steering HyreCar’s sale process to a successful conclusion.

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PharmAla Biotech Nabs First-Ever Canadian Approval To Provide MDMA Treatment Outside Clinical Setting

Benzinga

MDXX-class molecules and clinical-grade MDMA developer PharmAla Biotech and distribution partner Shaman Pharma Corp. (affiliated with GMP-compliant CCrest Labs) received Health Canada’s approval to provide proprietary LaNeo MDMA capsules to a Canadian physician for patient treatment under the Special Access Program (SAP.) The federal agency has confirmed that this is the first-ever authorization of an MDMA-assisted therapy treatment under the SAP.

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Deals Rumor Mill: Manchester U, Ottawa Senators, Maravai

Law 360 M&A

Qatar's Sheikh Jassim ups bid for Manchester United to $6.2 billion, the Ottawa Senators draw four final bids, and Tokyo’s Rakuten looks to raise $2.2 billion. Here, Law360 breaks down these and other notable deal rumors from the past week.

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Take-Two's CEO On Microsoft/Activision Deal: 'What's Good For Them Is Also Good For The Industry'

Benzinga

Strauss Zelnick , CEO of Take-Two Interactive Software Inc. (NASDAQ: TTWO ) is sharing his views on the potential impact of Microsoft Corporation 's (NASDAQ: MSFT ) proposed acquisition of Activision Blizzard Inc. (NASDAQ: ATVI ). In an interview with IGN, Zelnick said that the deal would benefit the gaming industry as a whole. "What's good for them is also good for the industry," he said.

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IBM hits pause on human hires

Valutico

IBM Corporation Weekly Valuation – Valutico | May 18, 2023 Link to the valuation About the company IBM is a global technology company based in New York that specializes in computing solutions, cloud computing, data analytics, and artificial intelligence. With a strong commitment to research and development, IBM invests in emerging technologies like blockchain, quantum computing, and hybrid cloud solutions.

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How Technology is Streamlining the Deal Process

Benchmark Report

Mergers and acquisitions (M&A) have come a long way since the days of tedious paperwork and manual processes. The evolution of technology has revolutionised the M&A landscape, making the once paper-intensive process more cost-effective, streamlined, and efficient. Charlotte Burgess and Erica Skittrall are experienced executives who support the transaction leaders at Benchmark International’s Manchester office.

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EyePoint Pharma Offloads Its Commercially-Available Eye Implant For $82.5M Plus Royalties

Benzinga

EyePoint Pharmaceuticals Inc (NASDAQ: EYPT ) has agreed to sell Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg to Alimera Sciences Inc (NASDAQ: ALIM ). Yutiq is a treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. The FDA approved the treatment in October 2018. What Happened: Alimera will receive global rights to Yutiq outside of China, Hong Kong, Taiwan, Macau, and Southeast Asia, where Yutiq is exclusively licensed to Ocumension Therapeutics ,

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ESI Group Communiqué de presse Marché

Business Wire M&A

RUNGIS, France--(BUSINESS WIRE)--Regulatory News: Dans le contexte des rumeurs récentes parues dans la presse, ESI Group (Paris:ESI) indique être actuellement en discussions préliminaires avec certains tiers suite à la réception de propositions non-engageantes portant sur une potentielle acquisition de la société.

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Crowell & Moring Taps Hogan Lovells Atty For DC Tax Group

Law 360 M&A

Crowell & Moring LLP has added a longtime Hogan Lovells partner whose practice focuses on a range of transactional tax work, to help lead its tax group in Washington, D.C., the firm announced Thursday.

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