Harvard Corporate Governance

JUNE 2, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 2, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 26-June 1, 2023 Modernization of Beneficial Ownership Reporting Rule Proposal Posted by Jonathan H. Gaines, David S. Rosenthal, and Christopher Soares, Dechert LLP, on Friday, May 26, 2023 Tags: Beneficial owners , Disclosure , Monetary policy , Risk , SEC enforcement , Securities Exchange Act of 1934

Equity 217

Equity 217

Viking Mergers

JUNE 2, 2023

Why do people say cash is king when selling a business? And what does it really mean? “Cash is king” in the context of selling a business emphasizes the importance of cash flow and liquidity in determining the value and attractiveness of the company to potential buyers. Here are a few key reasons why cash is king when selling a business: 1.

Finance 130

Finance Business Valuation Marketability 130

Harvard Corporate Governance

JUNE 2, 2023

Posted by Olivia Knight, As You Sow, on Friday, June 2, 2023 Editor's Note: Olivia Knight leads As You Sow’s Racial Justice Initiative. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility?

Equity 177

Equity 177

Financial Times M&A

JUNE 2, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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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

Harvard Corporate Governance

JUNE 2, 2023

Posted by Heidi Welsh, Sustainable Investment Institute, on Friday, June 2, 2023 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute. This post is based on the Proxy Preview report, an annual collaboration between the Sustainable Investments Institute, Proxy Impact, and As You Sow. This post includes the executive summary and overview sections from Proxy Preview report, an annual collaboration between the Sustainable Investments Institute (Si2), Proxy Im

Marketability 130

Marketability Equity 130

Benchmark Report

JUNE 2, 2023

Vertical Integration Vertical integration is a strategy that involves a company expanding its operations into other stages of its supply chain. This means that a company takes control of its suppliers, distributors, or both. Vertical integration can be achieved in two ways, either through backward integration or forward integration.

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Appraisers Blog

JUNE 2, 2023

In reply to ray. Listen, I know my posts are long and annoying, time consuming to read through with all the links and rich informational sources. I continue to believe that if more people were better educated on this industries history and trajectory, positive change can happen. I don’t care if it’s a one liner or a dissertation, every appraiser whom chooses to participate is much appreciated.

Appraisal 98

Appraisal 98

Mckinsey and Company

JUNE 2, 2023

A new McKinsey report reveals how organizations are faring in a post-COVID-19 world. Here, two of its coauthors offer suggestions for managing through the uncertainty.

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Appraisers Blog

JUNE 2, 2023

In reply to Don Orttenburger. That guy is a troll that probably retired long before AMC”S poisoned the well. Gotta love those backseat driver opinions.

Appraisal 98

Appraisal 98

Mckinsey and Company

JUNE 2, 2023

As founder and CEO of PT Rimba Makmur Utama, Dharsono Hartono was early to carbon financing. He says building trust, social capital, and community buy-in are critical for success.

Finance 83

Finance 83

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

Machen McChesney

JUNE 2, 2023

Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer's size, industry, staffing, and operational needs. In some industries, such as service, it's not uncommon for payroll to encompass up to 50% of revenue. For other industries, such as manufacturing and food and beverage, it usually takes up no more than 20% to 30%.

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Mckinsey and Company

JUNE 2, 2023

Software companies struggling with shrinking margins can unlock the power of pricing by considering five actions for profitability in a market focused on efficient growth.

Marketability 79

Marketability 79

Appraisers Blog

JUNE 2, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 98

Appraisal 98

Law 360 M&A

JUNE 2, 2023

Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

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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

Benzinga

JUNE 2, 2023

Expected to accelerate American Battery Materials' transition into a leading provider of domestically sourced Lithium critical to the global energy transition ABM is focused on environmentally friendly direct lithium extraction (DLE) that is more cost-effective, faster-to-production, and less capital intensive versus traditional mining processes Estimated Post-Transaction Enterprise Value of $225 Million Upon closing, the combined company's ordinary shares are expected to be listed on N

Enterprise Value 98

Enterprise Value Market Capitalization Banking Marketability 98

Law 360 M&A

JUNE 2, 2023

The past week in London has seen law firm Jones Day hit the crude oil trading companies it represented in a fraud trial with a breach of contract claim, offshore company Global Fixed Income Fund sue accountants Grant Thornton, and broadcasting giant Sky sue rival broadband providers BT, EE, Plusnet, Virgin Media and TalkTalk. Here, Law360 looks at these and other new claims in the U.K.

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Appraisers Blog

JUNE 2, 2023

In reply to Bill Johnson. The amc’s created a new industry standard. This is referenced in some of the older Dave Biggers newsletters I posted below. One of the reform points a decade or so ago was to change billing disclosure language from; ‘Appraisers fee’, to ‘Valuation services fee’ So yeah, now everyone can incorporate routine appraisal service management into the consumers valuation services fee, regardless of specific company type.

Appraisal 76

Appraisal 76

Law 360 M&A

JUNE 2, 2023

The Eighth Circuit has backed a lower court's decision to toss a contract breach suit against medical device manufacturer LivaNova over the development of a heart valve therapy, arguing that the device maker was not obligated to keep the project going after LivaNova took ownership of the project in a 2017 acquisition.

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Appraisers Blog

JUNE 2, 2023

The push for modernization, per governmental/FNMA reasoning is excessive fees, the slow appraisal process and biased appraising. AMC’s have huge part 2 of the 3 problems causing the push for modernization… In addition to the exorbitant add on fees, AMC’s will shop around for sometimes a week for the lowest bid in order to maximize their cut.

Appraisal 76

Appraisal 76

Law 360 M&A

JUNE 2, 2023

Kustom Entertainment Inc. will go public by merging with blank-check company Clover Leaf Capital Corp., in a deal guided by Sullivan & Worcester and Ellenoff Grossman that gives the event marketing and live entertainment organizer a post-transaction value of $222 million and allows it to become a standalone business, according to a Friday announcement.

Marketability 75

Marketability 75

Appraisers Blog

JUNE 2, 2023

In reply to Spencer Paul. S.P, its easy to criticize A.I, as they certainly have been part of the problem. The bigger and biggest issue has been that the appraisal profession is very splinter group of professionals(?) that have NEVER been united behind a cause and/or issue. The lender and lender interest groups have ALWAYS known this fact. Thus, they have been able to totally control the appraisal process(fees, TT, report requirements etc, etc) for lending purposes.

Appraisal 76

Appraisal 76

Benzinga

JUNE 2, 2023

TORONTO, June 02, 2023 (GLOBE NEWSWIRE) -- BlueCat Networks, a leading provider of mission-critical network and cloud infrastructure software for reliable and secure DNS, DHCP, and IP address management (collectively known as DDI), announced today that it has acquired Indeni. Moelis & Company acted as financial advisors to BlueCat. Financial terms were not disclosed, and the deal is subject to regulatory approval.

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Appraisers Blog

JUNE 2, 2023

In reply to James Norton. Thank you James. I’ll take a quick look, that’s easy enough. [link] [link] Second link, right side of page, more on this bill two links. [Congressional Record Volume 165, Number 112 (Friday, July 5, 2019)] [House] / From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] / By Mr.

Appraisal 76

Appraisal Banking 76

Financial Times M&A

JUNE 2, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Appraisers Blog

JUNE 2, 2023

In reply to Raymond. Respectfully, No. I’m not retired and everything is on the line. We’re hoping legal professionals, state agencies, regulatory persons, and lenders whom would resist these new models will read these threads. Be present or be retired, that’s your choice. I’m 100% all in all the time. Don’t make me text this in while lawn mowing out back, swear to god I will.

Appraisal 76

Appraisal 76

Mckinsey and Company

JUNE 2, 2023

The forces of fragmentation require a new global IT architecture and operating model that is modular, standardized, and configurable to support local differentiation.

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Appraisers Blog

JUNE 2, 2023

In reply to Baggins. This is also why I will never be an AI member. They have bowed and kissed the ring of all AMC’s. They are not there for our interest, rather the interest of their pockets from the scraps the AMC’s earn to buy AI off. Their reluctant responses towards AMC’s and present finger pointing toward appraisal bias add to the point.

Appraisal 76

Appraisal 76

Accountancy Today

JUNE 2, 2023

Azets has revealed it was instructed by VesselsValue to advise on its sale to Veson Nautical for an undisclosed sum. Founded in 2011, VesselsValue provides a market leading online platform for ship valuations, market analysis and insights utilising a dataset of more than 81,500 vessels. Wilsons Solicitors LLP also advised VesselsValue on the sale. The multi-disciplinary team at Wilsons Solicitors LLP was led by James Johnson, partner, and head of Corporate, with support from specialists from acr

Corporate Finance 52

Corporate Finance Finance Banking Marketability 52

Appraisers Blog

JUNE 2, 2023

In reply to Pat. Pat, you don’t need a copy, because all you need is to sign up with a few dozen amc’s yourself. Document and save the bid requests, track back the lender and realty agents, communicate about the fees. You’ll have more ‘evidence’ than you know what to do with after only a few weeks. The one question the amc will refuse to answer is; What was the consumer charged.

Appraisal 76

Appraisal 76

LaPorte

JUNE 2, 2023

Hospitals with tax-exempt status face legislative scrutiny as Congress discusses the value of the tax-exemption benefit received by nonprofit hospitals. The post Risk of losing tax-exempt status could be disruption for many nonprofit hospitals first appeared on LaPorte.

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Appraisers Blog

JUNE 2, 2023

In reply to Retired Appraiser. Thanks Retired. I kept your comments in mind when I fished out those old Way Back Machine links. Because I knew I had heard those same arguments before, years ago. Class actions are fulfilling but I’m like wanting that enchilada smothered as well. Racketeering, collusion, restriction of trade, deceptive business practices, harm to consumers, violations of Monopoly statutes.

Appraisal 76

Appraisal 76

Exit Strategy

JUNE 2, 2023

So, you’re ready to sell your business. You have an M&A advisor helping you, your numbers are in order, and you’re feeling confident. But did you know that only half of businesses will successfully sell—and that’s with a qualified advisor? For years, member advisors of the International Business Brokers Association and the M&A Source have […] The post Selling your business should not be a 50/50 coin flip appeared first on Exit Strategies Group, Inc.

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Appraisers Blog

JUNE 2, 2023

In reply to Baggins. no idea – that’s where good bills go to die – in committee. especially in the Senate. it was super clean coming out of the House too.

Appraisal 76

Appraisal 76

Law 360 M&A

JUNE 2, 2023

GAMCO Asset Management Inc., a shareholder of Telephone and Data Systems Inc., sent a letter to the president and CEO of the telecommunications company on Friday saying it was considering nominating directors to its board at the next shareholder meeting in light of "extraordinarily poor performance.

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