Fri.Dec 01, 2023

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Disney PENN & ESPN Bet

Value Scope

Disney and PENN Entertainment Team Up to Launch ESPN Bet Disney PENN & ESPN Bet Penn Entertainment (Nasdaq: PENN ) has rebranded its online sportsbook with a 10-year, $2 billion licensing deal with ESPN. The new look mobile app and website launches today, November 14th, and is available in 17 states including Arizona, Colorado, Illinois, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

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Preview: What would it take to scale critical climate technologies?

Mckinsey and Company

Many of the climate technologies needed to achieve deep decarbonization already exist. The challenge now is accelerating innovation and scale-up to achieve technical and commercial breakthroughs.

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Formula 1 in Las Vegas: The Race That Hopes You Don’t Sleep

Value Scope

Formula 1 in Las Vegas: The Race That Hopes You Don’t Sleep Brent Shockley, Director at ValueScope November 17, 2023 Formula One /1 racing returns to Las Vegas this weekend for the first time in over 40 years. The Heineken Silver Las Vegas Grand Prix 2023 is the start of a three-year contract with the city; although Formula 1 intends to support the race for at least 10 years and the entertainment and gaming hub of the U.S. intends on a “lifetime partnership” with the top class of internationa

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Key Apple and Google Chip Supplier Eyes Downsizing Post Merger Deal

Benzinga

Broadcom Inc (NASDAQ: AVGO ) looks to lay off about 1,300 VMware Inc. employees in California following its acquisition of the cloud-computing firm. Broadcom closed its $69 billion acquisition of VMware on November 22 after winning regulatory approval from China. Also Read: Big Tech Prioritize Cost Control and AI, Scaling Back Workforce Despite Business Growth The chipmaker plans to eliminate 1,267.

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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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Former Clerks Say Justice O'Connor Still Worth Emulating

Law 360 M&A

BigLaw attorneys mentored by former U.S. Supreme Court Justice Sandra Day O'Connor, who died Friday after a lengthy battle with dementia, say she'll be remembered as an incisive jurist who always put facts and practical considerations above abstract ideological commitments, as well as a deeply gracious and down-to-earth woman who never let her dedication to the law overshadow her zest for life.

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What to know about Form 4562: Depreciation and Amortization

ThomsonReuters

Jump to: What is Form 4562? Form 4562 instructions Is Form 4562 required every year? What is listed property for depreciation? What does a depreciation schedule look like? Section 179 and expensing property Running a company is expensive. Therefore, helping business clients save money and reduce their tax burden by expensing property they’ve purchased for their company and claiming deductions for  depreciation  or  amortization  of assets is critical.

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New-business building: A winning strategy in uncertain times

Mckinsey and Company

History has shown that building new businesses amid economic volatility is an offensive play that tends to reward companies with higher revenue growth and earnings compared with peers that retrench.

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4 Decisions For Which Justice O'Connor Will Be Remembered

Law 360 M&A

Many of the hotly divided cases at the U.S. Supreme Court came down to Justice Sandra Day O’Connor, a central force on the bench whose savviness at striking compromises and taking a pragmatic approach to resolve disputes is on full display in four opinions.

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When a transaction forges a transformation

Mckinsey and Company

An approach to M&A integrations that looks beyond combinatorial synergies can be the starting point for broader transformation.

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Writing Thriller Novels Makes Me A Better Lawyer

Law 360 M&A

Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.

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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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Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners

Machen McChesney

The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners.

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Why Citrus Fruits Company Limoneira's Shares Are Seeing Blue Skies Today

Benzinga

Agribusiness and real estate development company Limoneira Co (NASDAQ: LMNR ) shares are surging after the Board of Directors commenced a process to explore potential strategic alternatives aimed at maximizing value for stockholders. The alternatives include, but are not limited to, a sale of all or parts of the company, merger, and other potential strategic transactions.

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Cusp of new era in Asia

Mckinsey and Company

New strategies will be needed as it is going to be very different from the past 30 years when the continent, with China at the vanguard, surged to global prominence, write Jeongmin Seong and Nick Leung in China Daily.

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Summit Investor Wants To Block $3.2B Deal Over Sparse Data

Law 360 M&A

An investor in Summit Materials Inc. has asked a Colorado federal court to block a $3.2 billion deal to combine it with a national cement producer, claiming the publicly traded construction materials company hasn't disclosed enough financial data for stockholders to vote on the deal.

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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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Getting warehouse automation right

Mckinsey and Company

A warehouse automation revolution is underway, but too many projects are not delivering the results.

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Justices Call O'Connor 'American Hero,' 'Perfect Trailblazer'

Law 360 M&A

Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of law and illuminating charisma.

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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 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 common.

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Fighters Say UFC Can't Avoid Wage Suppression Trial

Law 360 M&A

Ultimate Fighting Championship fighters assailed the company for trying to avoid trial next year on antitrust claims alleging it suppressed wages by up to $1.6 billion through coercive, exclusive contracts and the purchase of rival promoters, telling a Nevada federal judge UFC's arguments for dismissal are deeply contradictory.

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Munger Games: Charlie Munger’s Legacy

Auto Dealer Valuation Insights

This week, we step aside from our usual musings on valuation trends in the RIA industry to honor the late Berkshire Hathaway Vice Chairman with our thoughts on some of his famous quotes (that might be relevant to you and your clients): We’ve all taken the bait on a flashy investment opportunity that didn’t pan out. We knew better but couldn’t resist the prospect of doubling our money in a short.

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Monthly Merger Review Snapshot

Law 360 M&A

The U.S. Department of Justice pushed a bid in federal court to block JetBlue's planned purchase of Spirit Airlines, as the Federal Trade Commission urged a court to pause a health care data company's deal and enforcers in the U.K. and Europe both found problems with Adobe's planned $20 billion acquisition of design collaboration company Figma.

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How to Value a Cleaning Company

Peak Business Valuation

Cleaning companies provide janitorial services for commercial and residential properties. This can involve cleaning building interiors, exteriors, and windows. According to IBIS World , the cleaning industry has seen healthy growth in recent years. This industry generates over $18 billion in revenue each year. Moving forward, we can expect growth to continue as demand rises.

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BREAKING: Sandra Day O'Connor, First Female Supreme Court Justice, Dies

Law 360 M&A

Retired U.S. Supreme Court Justice Sandra Day O'Connor, the court's first female member, died Friday at 93, according to the court. Justice O'Connor's position at the ideological center of the court gave her outsized influence in controversial cases during her 25-year tenure.

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Decarbonizing P&C claims

Mckinsey and Company

Property and casualty claims can drive significant progress toward decarbonization goals—and in doing so, deliver better business outcomes.

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Cozen O'Connor's Italy Chair Launches Global M&A Practice

Law 360 M&A

Cozen O'Connor is formalizing its growth in the cross-border transactions space with the launch of a global mergers and acquisitions practice, the firm announced.

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UK forbids RedBird IMI from exerting influence on Telegraph during probe

Financial Times M&A

Abu Dhabi-backed group is banned from controlling the newspaper while regulators scrutinise its bid

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Calian Completes Acquisition of Decisive Group and Confirms Filing of Audited Financial Statements

Benzinga

OTTAWA, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX: CGY ), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, has completed the acquisition of Decisive Group for up to CAD$74.7 million. A leader in the IT infrastructure and cyber security services business, the acquisition of Decisive rounds out Calian's North American offerings.

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UK Clears Siemens Deal For EV Charging Biz

Law 360 M&A

The U.K.'s competition regulator said on Friday that it will not investigate the proposed acquisition by German technology giant Siemens AG of a Dutch electric vehicle charging company any further and will close the case.

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Pennant Acquires Yuma Arizona Hospice Provider

Benzinga

EAGLE, Idaho, Dec. 01, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG ), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Southwestern Palliative Care and Hospice ("Southwestern"), which provides skilled hospice services in Yuma, Arizona.

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Off The Bench: NBA Sales, More Crypto Woes, Favre Appeal

Law 360 M&A

In this week's Off The Bench, two NBA franchises engineer massive shake-ups in their ownership structures, new lawsuits target the sports world's entanglement with cryptocurrency, and NFL Hall of Famer Brett Favre appeals his loss in a defamation case.

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Ackroo Completes Acquisition of GiftFly's eGift Card Business

Benzinga

HAMILTON, Ontario, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSXV: AKR , OTC: AKRFF ) (the "Company"), a loyalty marketing, payments and point-of-sale technology and services provider, through its' wholly-owned subsidiary Ackroo U.S. Inc., is pleased to announce that it has completed the acquisition of the GiftFly business from GiftFly LLC (the "Vendor").

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Therapy Co. SPAC Investors Fight Del. Stock-Drop Suit Toss

Law 360 M&A

An attorney for a blank-check company that took ATI Physical Therapy Inc. public in a deal valued at $2.5 billion in 2021 told a Delaware chancellor Friday that a shareholder lawsuit seeking damages for the venture's immediate nose-dive in stock price failed to acknowledge the deal architects' shared stake.

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Core Specialty Completes Acquisition to form Medical Stop-Loss Division

Benzinga

Represents Core Specialty's 14 th Specialty Business Unit Furthers Core Specialty's momentum in building a leading specialty insurance company Jim Stelling joins Core Specialty as President, Medical Stop-Loss CINCINNATI, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries ("Core Specialty" or the "Company") announced today the completion of the acquisition of the MGU/Stop-Loss business of American National Group ("ANAT"), which was previously

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SPAC Eyeing AirAsia Parent Merger Risks Nasdaq Delisting

Law 360 M&A

Special-purpose acquisition company Aetherium Acquisition Corp. is at risk of having its securities delisted from the Nasdaq following multiple bouts of falling out of compliance with listing rules, an announcement that comes just a month after the SPAC announced plans to merge with and take public Malaysian airline AirAsia's parent company.

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HOPE GAS CONTINUES WEST VIRGINIA GROWTH WITH ACQUISITION OF SOUTHERN PUBLIC SERVICE COMPANY

Benzinga

Morgantown, WV, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Hope Gas (Hope) today announced that it closed the acquisition of Southern Public Service Company (Southern Public). The acquisition of Southern Public adds approximately 6400 new customers across six counties. This is Hope's third acquisition of 2023. The company previously acquired approximately 900 miles of pipelines from Equitrans and Peoples Gas WV which included approximately 400 miles of pipelines.

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