Thu.Jan 25, 2024

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Corporate Governance Practices and Trends in Silicon Valley and at Large Companies Nationwide

Harvard Corporate Governance

Posted by Dave Bell and Ron Llewellyn, Fenwick & West LLP, on Thursday, January 25, 2024 Editor's Note: David A. Bell is Partner and Co-Chair of Corporate Governance, and Ron C. Llewellyn is Corporate Governance Counsel at Fenwick & West LLP. This post is based on portions of their Fenwick publication. Corporate governance practices vary significantly among public companies.

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Canada to Implement Portal to Manage Taxes and Duties on Imports

Redpath

January 25, 2024 - Canada is in the process of implementing a new client portal that will allow companies to interact and share data with Canada Border Services Agency (CBSA). This portal, developed as part of the CBSA Assessment and Revenue Management (CARM) digital initiative, will be used to facilitate all taxes and duties with CBSA, along with providing additional accounting functions and payment processing.

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Statement by Commissioner Uyeda on Final Rules Regarding SPACs, Shell Companies, and Projections

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Thursday, January 25, 2024 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent statement. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Remote workforces are complicating state tax nexus and withholding

LaPorte

(authored by RSM US LLP) As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance. The post Remote workforces are complicating state tax nexus and withholding first appeared on LaPorte.

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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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Statement by Chair Gensler on Final Rules Regarding SPACs, Shell Companies, and Projections

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, January 25, 2024 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Davis Polk Partner Cut From Fired Atty's Retaliation Case

Law 360 M&A

A Manhattan federal judge on Thursday backed a joint motion to dismiss a Davis Polk & Wardwell LLP partner as a defendant from an ongoing trial on claims that the BigLaw firm fired a Black attorney in retaliation for airing diversity concerns.

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Employee Experience Strategy Can Boost Law Firm Success

Law 360 M&A

Amid continuing business uncertainty, law firms should consider adopting a holistic employee experience strategy — prioritizing consistency, targeting signature moments and leveraging measurement tools — to maximize productivity and profitability, says Haley Revel at Calibrate Consulting.

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Comment on False Claims of Racism Against Appraiser by DGK

Appraisers Blog

In reply to Bill Johnson. Bill Johnson: Being from California, you make the perfect argument. So, Prop 13 impacts taxes and is the taxing agency. Now… along comes a government project that involves the taking of private property for the public good, whereby an offer of fair and equitable compensation to the property owner is mandatory. They offer the old couple that hasn’t moved for years in order to keep their tax base making them an offer based on the $500 annual tax and associated

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What Past Banking Failures Tell You About Protecting Your Institution Today

N Contracts

Bank failures have happened to financial institutions of different sizes over the past 40 years, but the reasons are the same. Find out why and how risk management can help.

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Optimism Abounds for Maryland’s Manufacturing Industry

Gross Mendelsohn

There’s a lot to feel optimistic about when it comes to Maryland’s manufacturing industry. I recently sat in on a webinar presented by two of the state’s biggest manufacturing champions, the Maryland Manufacturing Extension Partnership (MD MEP) and Regional Manufacturing Institute of Maryland (RMI). I walked away from this presentation feeling more excited than ever about the manufacturing industry in Maryland.

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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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Modernizing corporate-loan operations

Mckinsey and Company

Inefficiencies and costly errors continue to plague syndicated-loan operations. Banks that invest in a modern operating model can win customers in this growing market.

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'Smart City' Tech Developer's SPAC Merger Scrapped

Law 360 M&A

"Smart city" technology company DarkPulse's planned $223 million go-public merger with special-purpose acquisition company Global Systems Dynamics has been terminated, according to a filing with the U.S. Securities and Exchange Commission.

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Comment on False Claims of Racism Against Appraiser by Robert Mossuto Jr

Appraisers Blog

It is a story of false claims, and the damaging effects of a homeowner's actions on an appraiser's career, business, and health.

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UK says that UAE group’s stake in Vodafone is a security risk

Financial Times M&A

Government orders the companies to mitigate the risks from strategic partnership announced last year

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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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Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies

NYT M&A

He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub.

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Benchmark International Successfully Facilitated the Transaction Between Total Office Solutions, North east Ltd and National Business Machines Ltd

Benchmark Report

Benchmark International is pleased to announce the acquisition of Monaghan-based Total Office Solutions, North East ( TOS NE ) by Cork-based National Business Machines ( NBM ).

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Busting myths about women in the workplace

Mckinsey and Company

Professional women’s progress can feel painfully slow. At this point, what’s really holding women back?

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Haleon sells ChapStick lip balm brand for $430mn

Financial Times M&A

Consumer health company spun out of GSK announces deal as it strives to simplify its portfolio

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Canada Implements Portal to Manage Taxes and Duties on Imports

Redpath

January 25, 2024 - Canada has implemented a new client portal that allows companies to interact and share data with Canada Border Services Agency (CBSA). This portal, developed as part of the CBSA Assessment and Revenue Management (CARM) digital initiative, will be used to facilitate all taxes and duties with CBSA, along with providing additional accounting functions and payment processing.

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Blackstone plans deal spree to pre-empt market revival

Financial Times M&A

Private equity group wants to invest before prices start to rise, Jonathan Gray tells the FT

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UK Launches Formal Probe Into £16.5B Vodafone-Three Deal

Law 360 M&A

The competition watchdog said on Friday that it has opened a formal probe into plans by Vodafone and Three to merge their U.K. telecommunications networks to create a mobile operator with a value of approximately £16.5 billion ($21 billion).

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Navigating Business Dynamics: The Strategic Symphony Unleashed

Equilest

Read more about the artistry of strategic planning and business ascension Table of Contents Introduction: Mastering the Strategic Ballet I. The Genesis: Charting the Coordinates of Success II. Surveying the Landscape: The Imperative of Strategic Appraisal III. Bridging Realities: Navigating the Strategic Path IV. The Valuable Perspective: Business Valuation in Strategic Planning V.

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Apex's Failed SPAC Inks $1.5M SEC Deal Over IPO Filings

Law 360 M&A

The U.S. Securities and Exchange Commission announced Thursday that Northern Star Investment Corp. II, a special-purpose acquisition company whose merger with Apex Fintech Solutions fell apart in 2021, agreed to pay $1.5 million to resolve charges that it made misleading statements in its initial public offering filings.

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Hollywood Power Play: David Ellison Aims to Transform Paramount Global Under Skydance Leadership

Benzinga

Film and TV studio magnate David Ellison , founder of Skydance Media, has reportedly extended a preliminary offer to acquire National Amusements Inc. , the holding company of the Redstone family. This strategic move aims to gain control of Paramount Global (NASDAQ: PARA ), the media giant behind iconic brands such as MTV and Nickelodeon. Discussions have ensued between Ellison and Paramount regarding the potential merger of Skydance Media into the larger media company after the acquisition.

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FTC Sues To Stop NC Healthcare Systems' $320M Deal

Law 360 M&A

The Federal Trade Commission announced Thursday it has sued to block a $320 million deal between health network Novant Health and publicly traded healthcare company Community Health Systems.

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Internet Media Buzzfeed, Vice Face Further Downsizing Amid Financial Woes

Benzinga

BuzzFeed Inc (NASDAQ: BZFD ) and Vice Media are reportedly set to undergo further downsizing as they grapple with financial challenges these digital media companies faced that soared to high valuations nearly a decade ago. BuzzFeed, which has seen its stock plummet by over 97% since going public in 2021, is reportedly exploring the sale of its popular food-focused sites, Tasty and First We Feast.

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Shell Accused Of Gutting Singapore EV Charging Biz

Law 360 M&A

A minority investor in electric vehicle charging company Greenlots has sued the Singapore-based company and a Shell subsidiary, alleging that after the energy giant bought Greenlots in 2019, it "usurped" the business to the detriment of the company.

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2024 Oil and Gas Outlook

Auto Dealer Valuation Insights

January, and the new year in general, is a time of planning and setting expectations. We all do it (or should anyway). We attempt to evaluate where we’re going based on where we are, who we are, and where we have been. When it comes to the oil and natural gas upstream markets, it appears each commodity and their producers are heading to different places in 2024.

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Colo. REIT Overpaid For $21B Merger, Investor Says

Law 360 M&A

A shareholder of a Colorado-based real estate investment trust alleged in a Denver court Thursday the company misled investors about a $21 billion merger, overpaid for the acquisition by at least $1 billion and watered down the value of stocks held by its existing investors.

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Macy's Reportedly In The Shopping List Of This PE Firm; Stock Jumps

Benzinga

Macy’s Inc (NYSE: M ) shares are trading higher Thursday morning. Macy’s reportedly faces potential interest from private equity firm Sycamore Partners, which is considering a bid despite the firm’s recent rejection of another unsolicited offer, The New York Post reported. Sycamore Partners, known for acquisitions like Ann Taylor and Talbots, has reportedly engaged in discussions with Macy’s, the owner of Bloomingdale’s, since late December, the report read.

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Value Of SPAC Deal For Florida Solar Co. Lowered By $85M

Law 360 M&A

Blank-check company ESGEN Acquisition Corp. and Florida-based solar company Sunergy Renewables LLC on Thursday revealed that they have updated the terms of their previously announced merger that will take Sunergy public, resulting in a pro forma enterprise deal value $85 million lower than the original deal terms.

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Mastering Goal Execution in 2024: A Proven Rhythm Systems Approach

Rhythm Systems

This time of year, businesses and individuals alike are setting aside time to think about the future and set goals. If you’ve done this in the past, you know that setting goals is the easy part… but executing a plan to achieve those goals - every quarter, every month, every week, every day - is the hard part. Working for Rhythm Systems for over a decade, I’ve learned a few things about what it takes to stick to the plan to achieve those dreams and goals for the future.

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Deals Rumor Mill: Amazon-iRobot, Paramount, Walgreens

Law 360 M&A

European authorities seek to block Amazon-iRobot deal, Skydance moves in on acquiring Paramount Global, and Walgreens explores the potential sale of $4 billion Shields Health. Here, Law360 breaks down the notable deal rumors from the past week.

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Obtaining a Mining Equipment Appraisal

Peak Business Valuation

A mining equipment appraisal answers the primary question, “How much is my mining machinery and equipment worth?” Once you know this value, you can answer many other business questions. This includes questions about insurance coverage, tax reporting, and asset management. You may be buying , selling , or expanding a business with mining equipment.