Harvard Corporate Governance

JULY 18, 2023

Posted by Cydney S. Posner, Cooley LLP, on Tuesday, July 18, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

189

189

Appraisers Blog

JULY 18, 2023

In reply to Maria Pucsinszki. Eric, Can you call me? Anytime after 10 AM Pacific time zone. 1(714)366-9404. I tend to screen calls. If your name pops u with call I will answer direct or otherwise return your call asap.

98

98

Harvard Corporate Governance

JULY 18, 2023

Posted by John Galloway, Vanguard, Inc., on Tuesday, July 18, 2023 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a publication by Vanguard Investment Stewardship. The responsiveness of corporate boards to their shareholders—and other stakeholders—is a common topic of conversation in our discussions with portfolio company leaders and board members.

184

184

Appraisers Blog

JULY 18, 2023

I was hoping someone will start to take an action. I am in. I am from Hungary, and was always amazed that lobbying is not illegal. It is for the few rich, to go around the most, the voter’s will. Well, it is legal, lets use it.

98

98

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.

Marketability

N Contracts

JULY 18, 2023

In an ideal world, every third-party vendor would always provide impeccable service, deliver on time, and never cause any operational hiccups. Unfortunately, that’s not reality.

84

84

Machen McChesney

JULY 18, 2023

The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the future, Congress will find a way to eliminate this boondoggle or at least work around it, as was done under 1979’s Gephardt Rule.

82

82

National Law Review M&A

JULY 18, 2023

Evaluating cultural compatibility is of great importance, including assessing values and management styles, as cultural misalignment can create significant obstacles in successful M&A integration.

74

74

Appraisers Blog

JULY 18, 2023

In reply to Appronkeel. I always open the doors to agents, but I am getting more slaps on my face than a smile in return. I do not know how long will I keep doing this. Yes, maybe we can start to talk with them.

75

75

National Law Review M&A

JULY 18, 2023

On May 3, 2023, New York Governor Kathy Hochul signed into law Article 45-A, amending the New York Public Health Law (“Article 45-A”).

75

75

Reynolds Holding

JULY 18, 2023

Despite an increasing focus on corporations that profit from social injustices and misconduct, governments and international agencies have had limited success in addressing these issues. Advocates for change suggest that stakeholders, particularly retail consumers, could help, given that their purchasing decisions directly affect a company’s profits and can influence its conduct.

Marketability 98

Marketability 98

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

Corporate Finance

Law 360 M&A

JULY 18, 2023

A New York bankruptcy court’s recent ruling in Vice Media’s Chapter 11 case is likely to have implications for other cases involving the assignment of contracts by corporate entities, and may signal that Showtime will still face an uphill battle in trying to prove that its contract constituted personal services, says Debra Dandeneau at Baker McKenzie.

75

75

Mckinsey and Company

JULY 18, 2023

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

63

63

Law 360 M&A

JULY 18, 2023

Delaware's Chancery Court kicked off trials last week over a failed autoimmune drug candidate and a casino resort in the Philippines, logged a record-breaking derivative settlement and announced that its only Sussex County-based vice chancellor will stay on for another term.

74

74

Mckinsey and Company

JULY 18, 2023

Domain-specific architectures take center stage for compute innovation as transistor scaling falls behind Moore’s law and compute domains proliferate.

68

68

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.

Marketability

Benchmark Report

JULY 18, 2023

Benchmark International has successfully facilitated a transaction between New Jersey-based CDM Group, LLC (“CDM,” DBA EPIC Software Development) and Minnesota-based Aubrant, LLC.

Technology 52

Technology 52

Mckinsey and Company

JULY 18, 2023

Generative AI technologies like ChatGPT have taken the world by storm, thanks to their stunning ability to parse natural language and make decisions that are remarkably human. This latest advance in artificial intelligence is speedily transforming business and work, leaving companies, governments, and individuals scrambling to assess its impact in real time, write Michael Chui and Lareina Yee in Fast Company.

Technology 63

Technology 63

Law 360 M&A

JULY 18, 2023

Britain's antitrust authority said Wednesday that it has provisionally cleared the planned $61 billion acquisition by chipmaker Broadcom Inc. of VMware Inc., a cloud services provider, after finding the deal would not weaken competition in the supply of critical computer server products in Britain.

52

52

Mckinsey and Company

JULY 18, 2023

Renewable-energy and sustainability leaders from RES, Octopus Energy, and IBM discuss how digital and AI can help drive efficiency, innovation, and collaboration to reach net zero.

58

58

Auto Dealer Valuation Insights

JULY 18, 2023

I had a conversation with my financial advisor recently. We talked about individual stocks and investments. Once I was dissuaded from going heavy into crypto, AI, and short-dated call options, I brought up a recent Barron’s article on real estate investment trusts or REITs. My advisor reminded me that while I didn’t have a ton of REIT exposure in my investment portfolio, my largest asset was.

Capital Structure 52

Capital Structure Dividends 52

Law 360 M&A

JULY 18, 2023

Justice Elena Kagan has refused to press pause on the $68.7 billion tie-up of Microsoft and Activision Blizzard, dashing gamers' last chance at halting the merger before it closes Tuesday night.

52

52

Benzinga

JULY 18, 2023

Needham analyst Anna Andreeva reiterated a Buy rating on the shares of Etsy Inc (NASDAQ: ETSY ) with a price target of $130. Today ETSY announced the sale of its Brazilian marketplace Elo7 without disclosing any terms of the deal. ETSY acquired Elo in June 2021 for $217 million. Similar to social e-commerce company Depop, the analyst believes Elo7's take rate was much below that of Etsy (10-12%; 7% selling fee vs.

Equity 52

Equity Marketability 52

Peak Business Valuation

JULY 18, 2023

Companies in the freight trucking industry ship various goods across North America. Freight trucking services typically include truckload and less-than-truckload shipping. According to IBIS World , there are over 570,000 freight trucking companies throughout the United States. As such, this industry is extremely fragmented and competitive. In addition, many freight trucking companies struggle to remain profitable due to rising and competitive labor costs.

EBITDA 52

EBITDA Business Valuation Appraisal Fair Market Value 52

Benzinga

JULY 18, 2023

Coty Inc (NYSE: COTY ) has entered into a binding letter of intent to sell a portion of its Wella beauty and hair care brand stake to investment firm IGF Wealth Management. Coty will sell a 3.6% stake in Wella for $150 million, reflecting a 4% premium to the book value of Wella as of March 31, 2023. After the transaction, Coty will retain a 22.3% stake in Wella with an implied valuation of about $900.

Book Value 52

Book Value Equity Marketability 52

Benchmark Report

JULY 18, 2023

Benchmark International is pleased to announce the acquisition of Doncaster-based T&RS Engineering by Rendel, subsidiary of French-owned Ingerop Group. T&RS Engineering is a rail engineering consultancy, specialising in the maintenance and overhaul of a full range of traction and rolling stock for train operating companies, rolling stock leasing companies, and rail service providers.

52

52

Audit Board

JULY 18, 2023

In our Spotlight on Success series, Terri-Anne “TA” Wallen, VP of Enterprise Risk & Assurance Services at Teradata , shares how she leveraged AuditBoard’s connected risk platform to centralize documentation and develop a mature risk management strategy. Teradata, a software company based out of San Diego, CA, is a global leader in cloud-based data analytics that help rethink, empower, and accelerate business.

Start-ups 52

Start-ups Technology 52

Benzinga

JULY 18, 2023

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A ) (NYSE: BRK-B ) sold 70% of its exposure to Activision Blizzard, Inc (NASDAQ: ATVI ) in the second quarter. Buffett appeared to miss out on some gains when a federal judge said Microsoft Corp (NASDAQ: MSFT ) could complete its $68.7 billion takeover of the video game maker. Berkshire said it owned about 14.7 million Activision shares, or 1.9%, worth $1.24 billion on June 30, down from 49.4 million shares, or 6.3%, on March 31, Reuters Ful

52

52

Benchmark Report

JULY 18, 2023

Benchmark International is thrilled to announce the strategic relocation of our Cape Town Transactions Team to our new home in the vibrant and prosperous town of Stellenbosch, South Africa. Renowned for its rich history, striking natural beauty, and thriving business landscape, Stellenbosch offers an ideal blend of cultural richness and cutting-edge business opportunities.

52

52

Benzinga

JULY 18, 2023

Privately-held Neurogene Inc has agreed to merge with Neoleukin Therapeutics Inc (NASDAQ: NLTX ) in an all-stock transaction. In March, Neoleukin Therapeutics engaged SVB Securities to assist in reviewing strategic alternatives and announced a further corporate restructuring to preserve cash, including reducing its workforce by approximately 70%. The combined company will focus on advancing Neurogene's pipeline of genetic medicines, including NGN-401, a clinical-stage product for Rett syndro

52

52

Trout CPA

JULY 18, 2023

At Trout CPA, we believe in recognizing and rewarding exceptional talent, dedication, and commitment to excellence. It is with great pleasure that we announce the well-deserved promotions of several remarkable individuals who have consistently gone above and beyond in their respective roles, contributing significantly to the success of Trout CPA.

52

52

Fox Corporate Finance

JULY 18, 2023

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF LOGISTICS & TRANSPORTATION MARKET STUDY – 2023”. Based on available data from European logistics and transportation providers, the FCF LOGISTICS & TRANSPORTATION MARKET. Read more The post FCF Logistics & Transportation Market Study – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

Corporate Finance 52

Corporate Finance Marketability Finance 52

Avanade

JULY 18, 2023

Chris Lloyd-Jones and Lee Englestone explore how open innovation enables organizations to seize new opportunities from secure data sharing and interoperability.

52

52

Financial Times M&A

JULY 18, 2023

The recent Federal Trade Commission defeat on Microsoft-Activision is a blow for those wanting to reverse decades of lax enforcement

63

63

National Law Review M&A

JULY 18, 2023

John R Ingrassia Colin Kass Timothy E.

84

84

Benchmark Report

JULY 18, 2023

Benchmark International has been honored with a Gamechangers™ Progress Champion Award for diversity and fostering inclusion.

52

52