Harvard Corporate Governance

OCTOBER 5, 2022

Posted by Laura Harder, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, October 5, 2022 Editor's Note: Laura Harder is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary memorandum by Ms. Harder, Mr. Grabar, Mr. Gerber, and Ms. Lee. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

Marketability 198

Marketability 198

Benzinga

OCTOBER 5, 2022

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR ), a trial between the Tesla Inc (NASDAQ: TSLA ) CEO and the acquisition target is still on. What Happened: Judge Kathaleen McCormick sent a notice to counsel in the court case involving Musk and Twitter that the planned date of Oct. 17 would begin the highly anticipated trial.

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Harvard Corporate Governance

OCTOBER 5, 2022

Posted by Frederick Alexander, The Shareholder Commons, on Wednesday, October 5, 2022 Editor's Note: Frederick Alexander is Founder of The Shareholder Commons. This post is based on a recent comment letter submitted to the U.S. Securities and Exchange Commission regarding the proposed rules on substantial implementation, duplication, and resubmission of shareholder proposals by The Shareholder Commons.

Enterprise Value 141

Enterprise Value 141

Benzinga

OCTOBER 5, 2022

In a U-turn, Elon Musk decided to go ahead with the deal to buy Twitter Inc. (NASDAQ: TWTR ) for the originally agreed price of $44 billion. The Twitter Ananlyst: To give effect to the development, Wedbush analyst Daniel Ives raised his price target for the Twitter stock from $50 to $54.20. The analyst maintained his Neutral rating on the shares. The Twitter Thesis: Tesla Inc.

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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

Rhythm Systems

OCTOBER 5, 2022

This time of year, leaves are turning, kids are in school, and many business leaders are spending a great deal of time, energy, and resources creating a strategic plan for next year. Executives are gathering in meeting spaces or Zoom calls to work through discussions and decisions about the direction of their company and setting specific goals for 2023.

Technology 98

Technology 98

Benzinga

OCTOBER 5, 2022

Dogecoin (CRYPTO: DOGE ) co-creator Billy Markus commented on Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk’s now revived bid to purchase Twitter Inc (NYSE: TWTR ). What Happened: Markus’ comments came on Twitter on Tuesday. He said whether Musk buys Twitter and makes it better or ends up ruining the platform it's a “win-win.” if elon musk makes twitter better, then twitter will be better. if elon musk ruins twitter, then we don’t have to hear all the stupid things th

Marketability 98

Marketability 98

Benzinga

OCTOBER 5, 2022

Mobile learning platform Duolingo Inc (NASDAQ: DUOL ) has completed the acquisition of Gunner , a design and animation studio based in Detroit. The financial details of the transaction were not disclosed. Gunner has been an animation and design. Full story available on Benzinga.com.

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Mckinsey and Company

OCTOBER 5, 2022

Half of consumers call healthy eating a top priority; one-third say sustainable eating is too. But to satisfy consumers’ commitment to eating more healthily, food producers and retailers need to get innovative.

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Appraisers Blog

OCTOBER 5, 2022

It still proves my point: Appraisal Management Companies take a sizable Cut of the appraisal fee… It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser.

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Appraisal Finance 92

The Guardian M&A

OCTOBER 5, 2022

Elon Musk will proceed with the $44bn buyout of Twitter, but a bumpy road still lies ahead for the company Elon Musk was always going to struggle to win in Delaware. He had signed a binding agreement to buy Twitter for $44bn and to make his “reasonable best efforts” to complete the deal. Saying he didn’t want to buy it any more wasn’t going to work in Delaware, the state where Twitter is incorporated and one that carries a reputation for making sure agreed company transactions happen.

Technology 92

Technology 92

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

Benchmark Report

OCTOBER 5, 2022

Benchmark International successfully facilitated the transaction between Access Truck Parts with Summit Hydraulics, backed by North Branch Capital.

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Financial Times M&A

OCTOBER 5, 2022

Carl Icahn, Pentwater and Hindenburg Research among those that predicted the billionaire would close the deal

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Mckinsey and Company

OCTOBER 5, 2022

Whether you’re being interrupted in meetings or challenged at every turn, Amy Gallo shares tactics for getting value out of difficult work relationships.

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The Guardian M&A

OCTOBER 5, 2022

By sticking to its guns the firm has defended the principle that bidders should do what they’ve agreed to do Buying Twitter “is an accelerant to creating X, the everything app”, said Elon Musk by way of a non-explanation of why he was now prepared to do the deal he was desperately trying to escape. One must conclude he judged his legal case to be doomed before it had even reached a Delaware courtroom.

Mergers & Acquisitions 78

Mergers & Acquisitions Banking Technology Marketability 78

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

Mckinsey and Company

OCTOBER 5, 2022

Consumer behavior keeps shifting, the economy is weakening, and inflation remains high. Yet consumer-packaged-goods companies have the opportunity to thrive amid uncertainty.

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Machen McChesney

OCTOBER 5, 2022

Accounting Standards Codification Topic 842, Leases , requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect this year. Public entities adopted the rules in 2019. While the Financial Accounting Standards Board (FASB) conducts its post-implementation review of the new-and-improved lease standard, the guidance is concurrently being adopted by private organizat

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Financial Times M&A

OCTOBER 5, 2022

Plus, Arm’s troubles in the UK intensify and Ray Dalio abdicates the throne for the third time

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Law 360 M&A

OCTOBER 5, 2022

Shaky defenses, negative Delaware Court of Chancery rulings and the risk of costly sanctions appear to have scuttled tech mogul Elon Musk's attempt to escape his $44 billion agreement to take Twitter Inc. private, experts told Law360, although the case remained live and moving forward Wednesday.

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Financial Times M&A

OCTOBER 5, 2022

South Korean group’s key task would be to fix the US company’s much-maligned search engine

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Law 360 M&A

OCTOBER 5, 2022

Special-purpose acquisition company Goldenstone Acquisition Ltd. told regulators on Wednesday that its $3.6 billion take-public merger with blockchain payment firm's Roxe Holding Inc. has been terminated.

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Mckinsey and Company

OCTOBER 5, 2022

By taking action to boost savings rates, Romania could increase GDP by around 10 percent by 2050.

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Law 360 M&A

OCTOBER 5, 2022

A Mississippi federal court's recent decision in Kee v. Howard L. Nations PC highlights the importance of well-written engagement letters, and shows why it is vital for attorneys to specify exactly which services they intend to supply, says Ronald Levine at Herrick Feinstein.

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NYT M&A

OCTOBER 5, 2022

Looming in the background of Mr. Musk’s $44 billion offer to buy the company is whether financing challenges will provide him with an escape hatch from a deal.

Banking 69

Banking Finance Mergers & Acquisitions 69

Law 360 M&A

OCTOBER 5, 2022

Twitter Inc.'s lawsuit to force tech mogul Elon Musk to close on a $44 billion offer to take the social media giant private was alive and moving forward Wednesday afternoon, according to a letter filed onto the Delaware Chancery Court docket by Chancellor Kathaleen St. J. McCormick, despite Musk announcing on Tuesday that he would complete the deal.

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NYT M&A

OCTOBER 5, 2022

Before Mr. Musk renewed his $44 billion proposal, he and the company haggled in discussions that ultimately did not advance.

Mergers & Acquisitions 75

Mergers & Acquisitions 75

Mckinsey and Company

OCTOBER 5, 2022

Insights from nearly 1,500 managers at North American consumer companies pinpoint areas that could improve performance and make operations more nimble.

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Chris Mercer

OCTOBER 5, 2022

The last post on this blog began a discussion of Friedman v. Beway , a 1995 New York Court of Appeals (First Department) decision. Beway is considered by many New York attorneys to be the leading New York case on statutory fair value determinations in New York. In this post, we examine the trial court decision for help in understanding what happened at the Court of Appeals.

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Marketability Appraisal 52

LaPorte

OCTOBER 5, 2022

(authored by RSM US LLP) IRS R&D credit refund claim transition period extended one year. The post One year extension of research credit transition period first appeared on LaPorte.

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Benzinga

OCTOBER 5, 2022

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk and Twitter Inc (NYSE: TWTR ) reportedly discussed a price cut to the original $44 billion buyout deal through their representatives, but the talks were unsuccessful. What Happened: The discussions took the form of a series of confidential calls between the lawyers of Musk and Twitter in recent weeks and came to an end after the two parties failed to agree on terms, reported The Wall Street Journal, citing people familiar with the matter.

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LaPorte

OCTOBER 5, 2022

(authored by RSM US LLP) Thirty states sue Delaware to determine whether certain financial instruments must be escheated to the state of incorporation or to the state of purchase. The post US Supreme Court hears first unclaimed property challenge in 30 years first appeared on LaPorte.

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Benzinga

OCTOBER 5, 2022

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk and Twitter Inc (NYSE: TWTR ) may reportedly reach a deal to end their ongoing litigation in the coming days. See Also: How To Buy Twitter (TWTR) Shares. Musk and Twitter were expected to reach an agreement as early as Wednesday, but the talks are still ongoing and a conclusion is likely to take more time, Reuters reported , citing a source familiar with the matter.

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Sun Acquisitions

OCTOBER 5, 2022

If you came to this article it’s likely you are looking to sell your business fast. But what is the timeline for a fast business sale? 54% of brokers say it takes anywhere from 6 to 11 months for a business to sell. The United States Small Business Administration puts the timeline at 24 months (2 years). However, this isn’t to say that it’s not possible to sell in a shorter time frame.

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Business Valuation Earnings Multiplier Private Equity Firm Book Value 52

Henry Horne

OCTOBER 5, 2022

Thinking of adopting a child? Tax planning in advance of adoption may offset some of the costs and there may be some tax saving benefits for you. Don’t miss: Inherited IRA rules change While adopting through foster care can be inexpensive, private adoption can be an expensive endeavor. Many families seek additional sources of income … Keep Reading.

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Vested

OCTOBER 5, 2022

Your cap table is so much more than just a breakdown of who owns your company and how much they own. It tells a story of how your company is being run and how it has reached this point. This is what investors will look for in your cap table and what it says about you.

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