Harvard Corporate Governance

FEBRUARY 2, 2024

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam), Patrick Verwijmeren (Erasmus School of Economics), and Shuo Xia (Halle Institute for Economic Research), on Friday, February 2, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; Patrick Verwijmeren is a Professor of Corporate Finance at the Erasmus School of Economics; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Rese

Corporate Finance 278

Corporate Finance Finance Equity Marketability 278

Mckinsey and Company

FEBRUARY 2, 2024

In the coming year, the payments industry will be confronted with high levels of risk, intensifying regulatory scrutiny, and significant changes in global standards.

126

126

Harvard Corporate Governance

FEBRUARY 2, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, February 2, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of January 26-February 1, 2024 Trends in Director Compensation Posted by Lawrence A. Cunningham and Carlos Juarez, Mayer Brown LLP, on Friday, January 26, 2024 Tags: Director , Executive Compensation , Retainers , Vesting Non-GAAP Adjustments: Impact of Merger and Acquisition Activity on Performance Targe

Debt Financing 100

Debt Financing Banking Capital Structure Finance 100

Mckinsey and Company

FEBRUARY 2, 2024

Sun Life president and CEO Kevin Strain is joining forces with insurtechs and breaking down barriers between IT and business to help the 150-year-old company better fulfill its purpose.

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116

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

FEBRUARY 2, 2024

In reply to Seneca. Yes. There are both federal and state laws covering minimum wages. As appraisers we try to make a certain gross fee per hour. Typically its $100 (low) per hour to $150 for typical GSE work. Some if us charge significantly more based on our license levels, experience and quality. In many instances we run into scope creep or undisclosed issues that take far more time than anticipated.

Appraisal 98

Appraisal 98

Law 360 M&A

FEBRUARY 2, 2024

A trio of large law firms are providing pro bono representation to help two national transgender civil rights organizations navigate a planned merger that the groups' leaders say will amplify their voices as they advocate for trans people across the country.

98

98

Law 360 M&A

FEBRUARY 2, 2024

A healthcare company with offices in New Jersey alleged this week that a Morgan Lewis & Bockius LLP partner committed malpractice during a deal to sell the company by aiding its then-CEO in negotiating a $9 million bonus for himself, at the expense of the business.

98

98

Appraisers Blog

FEBRUARY 2, 2024

In reply to Bill Johnson. I think you would need the HUD statement that they do at closing. The attorneys apply the credit to the itemized expenses on the HUD. They wouldn’t have that put together at the appraisal stage. They do it a few days before closing. It’s a risk to ask real estate agents to find out or ask borrowers to look it up. (Most won’t even know).

Appraisal 98

Appraisal 98

Law 360 M&A

FEBRUARY 2, 2024

In this week's Taxation With Representation, Rise Growth Partners receives a $250 million investment, a group of investors led by Carlyle Group co-founder David Rubenstein acquires a controlling stake in MLB's Baltimore Orioles, The Cigna Group sells multiple Medicare businesses to Health Care Service Corp., and WillScot Mobile buys McGrath RentCorp.

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97

Gross Mendelsohn

FEBRUARY 2, 2024

Non-public entities will need to adopt the new Current Expected Credit Loss (CECL) model starting with 2023 calendar year-end financial statements. What does this mean for your company and your financial statements?

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91

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

FEBRUARY 2, 2024

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

Appraisal 98

Appraisal 98

Mckinsey and Company

FEBRUARY 2, 2024

Companies will need to cast a wider net, improve their employee value proposition, and get more out of their existing workforce.

93

93

NYT M&A

FEBRUARY 2, 2024

Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.

Mergers & Acquisitions 86

Mergers & Acquisitions 86

Appraisers Blog

FEBRUARY 2, 2024

In reply to Spencer Paul. Incorrect. Reread the rule on confidentiality. Also exceptions. Sales & refinances are recorded public record transactions. Further, complaints do not violate confidentiality. Particularly when they are being gathered for a federal oversight agency by those requesting the data.

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76

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

Law 360 M&A

FEBRUARY 2, 2024

Several Illinois towns and Chicago's commuter rail system told the D.C. Circuit on Friday that federal regulators improperly approved Canadian Pacific's $31 billion merger with Kansas City Southern without fully vetting the public safety and environmental harms resulting from increased rail traffic congestion in the Windy City.

75

75

The Guardian M&A

FEBRUARY 2, 2024

Julian Dunkerton in discussions with potential partners to fund cash offer as company considers store closures ‘We’re in a bumpy part of the ride’ – Superdry founder on fashion’s ups and downs The co-founder and boss of Superdry is hoping to buy back the struggling fashion brand as it considers store closures after a slump in sales. Julian Dunkerton, who owns a 20% stake, is in talks with potential partners to fund a cash offer for the company, which is valued at about £40m on the stock market.

Marketability 72

Marketability 72

Benchmark Report

FEBRUARY 2, 2024

For buyers, the financial due diligence (FDD) exercise is a major fact-finding exercise that will, hopefully, reinforce the assumptions that have underpinned their offer. For sellers it’s an opportunity to showcase the business and to reinforce the opportunity to the buyer. For both, it’s a pivotal exercise for informed decision-making, providing protection from unexpected risks and uncertainties.

64

64

Appraisers Blog

FEBRUARY 2, 2024

In reply to Retired Appraiser. Oh Retired… You’re the best, at least on your good days. I’ve got a longer comment below on the matter.

Appraisal 76

Appraisal 76

Financial Times M&A

FEBRUARY 2, 2024

Interest from Skydance and other bidders could split shareholders in studio behind ‘The Godfather’

93

93

Sun Acquisitions

FEBRUARY 2, 2024

In the world of mergers and acquisitions (M&A), the concept of “win-win” is essential for forging successful deals that satisfy the interests of both buyers and sellers. While traditional methods involve cash transactions or third-party financing, seller financing is an increasingly popular approach that embodies this win-win philosophy.

Finance 59

Finance Marketability 59

Financial Times M&A

FEBRUARY 2, 2024

Deal comes as defence procurement is disrupted by innovative technologies such as sensors, robotics and AI

Technology 85

Technology 85

Exit Strategy

FEBRUARY 2, 2024

Even though retirement is far and away the biggest reason that business owners sell, those owners are doing little to no exit planning before going to market. The above chart shows that the smaller the business, the less likely owners are to plan. Of those owners who did plan, most started less than a year […] The post Exiting Without a Plan appeared first on Exit Strategies Group, Inc.

Marketability 52

Marketability 52

Law 360 M&A

FEBRUARY 2, 2024

JetBlue Airways and Spirit Airlines got their wish for a speedy appeal to a federal judge's decision blocking their plans for a $3.8 billion merger on Friday, with the First Circuit saying arguments would be heard in June.

52

52

Exit Strategy

FEBRUARY 2, 2024

Most entrepreneurs are a rare breed — full of optimism and confidence. But that faith and certainty can also make them feel invincible. Every business downturn will be the last, every new year will be another record, and every good leader retires happily with their family. Unfortunately, none of us are invincible. And if you’re […] The post Will your business survive losing you?

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52

Law 360 M&A

FEBRUARY 2, 2024

Endo has asked a New York bankruptcy judge to pause the opioid litigation leveled against it for five more months, asserting that the pharmaceutical company made "wide-ranging progress" in its Chapter 11 case and expects to have a reorganization plan confirmed by March.

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52

Auto Dealer Valuation Insights

FEBRUARY 2, 2024

Last week, the CFA Institute Research & Policy Center released its Finfluencer Appeal: Investing in the Age of Social Media report on the growing impact of finfluencers (short for financial influencers) on young investors, highlighting the challenges and opportunities for the wealth management industry.

52

52

Law 360 M&A

FEBRUARY 2, 2024

Two shareholders of 3D model maker Matterport Inc. have sued a raft of the technology company's directors, officers and investors in Delaware's Court of Chancery, asserting breach of fiduciary duty, corporate waste and unjust enrichment.

Technology 52

Technology 52

Exit Strategy

FEBRUARY 2, 2024

Even though retirement is far and away the biggest reason sellers go to market, most business owners are doing little to no exit planning. The smaller the business, the less likely owners are to plan. Of those owners who did plan, most started less than a year before putting their business on the market. […] The post Exiting Without a Plan appeared first on Exit Strategies Group, Inc.

Marketability 52

Marketability 52

Law 360 M&A

FEBRUARY 2, 2024

The Delaware Supreme Court has upheld a decision ending consolidated derivative litigation by Baker Hughes stockholders who alleged a series of transactions in 2018 unfairly benefited GE, finding that the Court of Chancery had discretion to dismiss the case based on testimony of a one-member litigation committee.

52

52

Auto Dealer Valuation Insights

FEBRUARY 2, 2024

A working interest is an interest in an oil and gas lease, entitling the owner to a percentage of the profits from the oil and gas extracted within a leasehold area. Working interests bear all costs corresponding to the amount of working interest held. For this reason, they are often considered to be like a net profit interest. However, not all working interests are the same.

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52

Law 360 M&A

FEBRUARY 2, 2024

Defunct cryptocurrency giant FTX has asked Delaware's bankruptcy court for permission to sell a $175 million claim it was granted against Genesis Global through a settlement last year with the also-insolvent virtual assets business.

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52

IBG Business

FEBRUARY 2, 2024

At IBG Business, 2023 was a strong year for M&A deals in most industries, including manufacturing and production. To see companies in that sector that have changed hands with IBG’s assistance, go to [link] The post 2023 M&A Deals appeared first on IBG Business.

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52

Law 360 M&A

FEBRUARY 2, 2024

In this week's Off The Bench, the NCAA's legal woes mount as two states lob antitrust claims against its name, image and likeness payment rules, the PGA Tour secures a $3 billion investment as talks with LIV Golf trudge on, and the Angelos family sells its stake in the Baltimore Orioles.

52

52

IBG Business

FEBRUARY 2, 2024

Attracting interest from more than one candidate not only generates multiple offers and shifts the leverage to you; it can also reveal your “best fit” buyer. How you arrive at a market value for a company is an interesting topic. Most sellers believe they know what their company is worth, and usually they’re wrong. The market is what actually determines the market value.

Start-ups 52

Start-ups Marketability 52