Harvard Corporate Governance

OCTOBER 27, 2023

Posted by Michael Seigne (Candor Partners Limited), and Joerg R. Osterrieder (University of Twente), on Friday, October 27, 2023 Editor's Note: Michael Seigne is the Founder of Candor Partners Limited, and Joerg R. Osterrieder is Professor of Finance and Artificial Intelligence at the University of Twente. Related research from the Program on Corporate Governance includes Short-Termism and Capital Flows (discussed on the Forum here ) by Jesse Fried and Charles C.

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Dividends Finance Equity 157

NYT M&A

OCTOBER 27, 2023

BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.

Mergers & Acquisitions 139

Mergers & Acquisitions 139

Appraisers Blog

OCTOBER 27, 2023

In reply to Overpaid lazy appraiser. funny story about 8-9 years, I received an email from a AMC, requesting a residential appraisal on a high luxury home that had a approximate value of $5 million dollars. AMC was $350 and 3 day TT. I was familiar with the difficult area to appraise. Now I gave up doing AMC work in 2000. But I decided to quote a Fee of $3,500 and 3-4 weeks, just to see if I would get a response.

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Appraisal 98

Financial Times M&A

OCTOBER 27, 2023

Quarterly profits at oil group and rival Chevron miss Wall Street expectations

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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

Appraisers Blog

OCTOBER 27, 2023

In reply to Koma. The whole appraisal system needs reform as there are no way to challenge a bad report. I got screwed with an appraiser who didn’t do his job and didn’t even use current but old information and my reconsideration was blown off.

Appraisal 98

Appraisal 98

Benzinga

OCTOBER 27, 2023

BOCA RATON, Fla., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Hairmax®, the pioneer and global leader in transformation hair growth, has announced the promotion of James Reber as Vice President of Global Sales. With over a decade of experience in CPG with focus on the beauty and medical space, James has successfully expanded Hairmax's market reach, built lasting partnerships, and driven revenue growth since his hire over a year ago.

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Marketability 59

Benchmark Report

OCTOBER 27, 2023

Benchmark International is pleased to announce the transaction between Gillingham-based Rainham and London-based REL Capital. Rainham is a coach and minibus hire company, operating several contracts alongside private hire and tour work. It has a modern fleet of vehicles and two sites in Gillingham. REL Capital is a UK private investment company that purchases, invests, and operates a number of businesses across a variety of sectors.

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Appraisers Blog

OCTOBER 27, 2023

In reply to Joseph Stachow Jr. I have been in the industry since 1997, and I agree with this statement. Branch out into other areas where your opinion truly matters. Furthermore, learn evidence based valuation and study with George Dell. Get out of the form filling world. Lender work sucks, and so does working for any AMC. AMC’s will NEVER truly respect you or pay you what you are worth.

Start-ups 75

Start-ups Appraisal 75

Appraiser Newsroom

OCTOBER 27, 2023

ASA’s 2023 Litigation in Valuation Conference agenda offers an unparalleled learning experience, specifically designed for business valuation experts. This conference spotlights the exceptional lineup of presenters, each a leading figure in their respective fields. Our presenters, comprised of esteemed valuation and damages experts, seasoned lawyers, and distinguished judges, will bring a wealth of experience and insights to attendees.

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Business Valuation Intangible Assets Appraisal Business Enterprise 59

ThomsonReuters

OCTOBER 27, 2023

Doing good things for the right people for the right reasons can be very rewarding. But, many accounting firms offering pro bono services fail to take a strategic and organized approach, opening themselves up to a host of potential challenges. One reason firms fail to plan is that it’s difficult to decide how much to give away and to whom. Another challenge is that some clients don’t appreciate the value you’re giving them when you do offer pro bono services.

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Start-ups Accounting Firms 59

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

Appraisers Blog

OCTOBER 27, 2023

This is an easy fix. Just make certain, if you’re a white appraiser and the borrower is any other color than yourself, that you make or exceed the value they want… no matter what that amount is. Done. Isn’t that… what they want?

Appraisal 75

Appraisal 75

Law 360 M&A

OCTOBER 27, 2023

Getty Images owes roughly $88 million in damages, plus significant interest, for breaching agreements with investors following a so-called de-SPAC transaction that took Getty public last year, according to an order issued Friday in New York federal court.

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Appraisers Blog

OCTOBER 27, 2023

I hope the new FNMA forms don’t include the Census Track information. Let’s take that one out of the narrative!!! I think FNMA should make a booklet to give to all borrowers, Agents/Brokers, and Lenders on the process the appraiser works through to derive their OPINION of Value, with excerpts from FNMA’s Required Forms, and the State Rules which already prohibit discrimination.

Appraisal 75

Appraisal 75

Peak Business Valuation

OCTOBER 27, 2023

Businesses often rely on machinery and equipment for their day-to-day operations. Whether it’s construction companies with heavy equipment or restaurants with kitchen appliances, the value of these assets plays a pivotal role. An accurate assessment of your assets comes down to the equipment appraiser you choose. This article will address the question, “What is a machinery and equipment appraiser?

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Appraisal Business Valuation Finance 52

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

Appraisers Blog

OCTOBER 27, 2023

In reply to Loidene. I believe the new forms will not have the census track in the report itself. The GSE can track that information without it being in the actual report. What I’m hoping for is no ENV format with the new forms, but I doubt that will take place.

Appraisal 75

Appraisal 75

Internal Audit 360

OCTOBER 27, 2023

GUEST BLOG POST W hen I was working at a Big 4 audit firm, we always used to have a clause on our reports that went something like this: “The engagement does not uncover all risks that relate from collusion between employees or with third-parties, that a more extensive review would uncover.” Which basically means that if one of your employees is called Barbie and one is called Ken, then you cannot expect to be able to uncover fraud.

Start-ups 52

Start-ups Marketability 52

Appraisers Blog

OCTOBER 27, 2023

In reply to Spencer Paul. Actually, it WILL be included, based on my observation of a draft document of the upcoming ‘dynamic’ forms. This data point is used by lenders and the regulatory agencies to track lending activity everywhere in the US. It’s been on GSE forms (and even on some of the non-lending GP forms) since the GSE’s took over the “forms design” process starting in the early 1980’s.

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Appraisal Comps 75

Benzinga

OCTOBER 27, 2023

Oil giant Chevron Corp (NYSE: CVX ) reported Q3 FY23 total revenues and other income of $54.1 billion, beating the consensus of $51.44 billion. Sales and other operating revenues fell to $51.9 billion from $63.5 billion a year ago, mainly on lower commodity prices. Worldwide net oil-equivalent production rose 4% Y/Y, primarily due to the acquisition of PDC Energy, Inc.

Dividends 52

Dividends Equity Marketability 52

Auto Dealer Valuation Insights

OCTOBER 27, 2023

We have previously written about six events that can trigger the need for a business valuation. In each of these examples, the valuation will consider the dealership as a going concern or a continuing operation. The valuation process considers normalization adjustments to both the balance sheet and the income statement. For the balance sheet, normalization adjustments establish the fair market.

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Business Valuation Marketability 52

Benzinga

OCTOBER 27, 2023

Phillips 66 (NYSE: PSX ) reported an adjusted EPS of $4.63 for the third quarter (Q3) of 2023. This marked a 19.6% year-over-year increase but falling short of the consensus estimate of $4.76 Revenue of $40.23 billion exceeded the consensus of $38.96 billion. Midstream segment adjusted pre-tax income stood at $712 million, vs. $604 million in 2Q23, with restructuring costs of $22 million of integration-related restructuring costs.

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Auto Dealer Valuation Insights

OCTOBER 27, 2023

Mercer Capital’s Value Focus: Exploration & Production newsletter provides an overview of the industry through supply and demand analysis, commodity pricing, and public market performance. In addition, each issue of this quarterly newsletter focuses on a region, including Eagle Ford, Permian, Bakken, and Appalachia, examining general economic and industry trends.

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Marketability 52

Benzinga

OCTOBER 27, 2023

You heard correctly: Exxon Mobil Corp (NYSE: XOM ) is in talks to create an out-of-this-world acquisition of Pioneer Natural Resources (NYSE: PXD ) for approximately $60 billion, with debt included. This acquisition underscores Exxon's commitment to fossil fuels and its ever-growing footprint in. Full story available on Benzinga.

Marketability 52

Marketability 52

Auto Dealer Valuation Insights

OCTOBER 27, 2023

Consolidation is a theme that has a lot of traction in the RIA industry. The prevailing narrative is that a growing multitude of buyers are scrambling to compete for a limited number of firms. Circumstances such as aging founders or a lack of internal succession planning are bringing firms to market, where these businesses are quickly bought up and rolled into any one of the several acquisition.

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Marketability 52

Benzinga

OCTOBER 27, 2023

SolarWinds Corp (NYSE: SWI ) stock is trading higher Friday after reports indicated the company is exploring options, including a potential sale. The Silver Lake Management and Thoma Bravo -controlled software provider tapped financial advisers to prepare a sale process that will likely kick off in early 2024, Bloomberg cites familiar sources. Also Read: Full story available on Benzinga.

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Appraiser Newsroom

OCTOBER 27, 2023

Spotlighting ASA’s participation in the gem and jewelry industry’s largest recruiting event. ASA participated as a sponsor at the GIA Career Fair in Carlsbad, CA this past October 6, 2023. The Career Fair is the gem and jewelry industry’s largest recruiting event attracting hundreds of GIA graduates and industry professionals. It is “where opportunity happens” and the central place for candidates seeking a rewarding career and employers seeking to hire qualified professionals to connect.

Start-ups 52

Start-ups Appraisal Marketability 52

N Contracts

OCTOBER 27, 2023

The latest 1071 compliance updates, news, and analysis for financial institutions and small business lenders covered under the CFPB’s Section 1071 final rule.

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Compliance 52

John Jenkins

OCTOBER 27, 2023

Last week, John blogged about the DOJ’s new “Mergers & Acquisitions Safe Harbor Policy” intended to incentivize voluntary self-disclosure of wrongdoing uncovered during the M&A process, which Deputy AGs had previewed in a speech and multiple prior comments. This Wilson Sonsini alert describes how acquirers can apply the policy and gives five practical suggestions: 1.

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Law 360 M&A

OCTOBER 27, 2023

Renew Holdings PLC, an engineering services company, said Friday that it has acquired nuclear manufacturing specialist TIS Cumbria Ltd. for £4.7 million ($5.7 million) in an all-cash deal that was advised by Walker Morris LLP.

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Benzinga

OCTOBER 27, 2023

CARLSBAD, Calif., Oct. 27, 2023 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX ), a pioneering Fintech company powering frictionless commerce between business to business and business to consumer, today announced that it completed its acquisition of Alliance Partners, LLC, owners of FinZeo, a software development company centered around the movement of money, nationally and globally.

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Technology Banking 40

Law 360 M&A

OCTOBER 27, 2023

A lot can happen in the world of mergers and acquisitions over the course of a couple weeks, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Kirkland & Ellis and Freshfields.

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Financial Times M&A

OCTOBER 27, 2023

Founder backs Rithm Capital buyout plan valuing company at $720mn

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Law 360 M&A

OCTOBER 27, 2023

In this week's Taxation with Representation, RTX sells its cybersecurity arm to an undisclosed buyer, Vista Equity Partners acquires EngageSmart Inc., and Roche buys Telavant Holdings Inc.

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Equity 40

Financial Times M&A

OCTOBER 27, 2023

Share price has fallen by 20 per cent since March

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Law 360 M&A

OCTOBER 27, 2023

Jacob Kling led the Wachtell Lipton Rosen & Katz team that represented software company Adobe Inc. in its $20 billion acquisition of interface design application Figma, as well as Global Payments' $4 billion buy of EVO Payments and divestiture of its Netspend consumer and gaming business, earning him a place among Law360's 2023 M&A MVPs.

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