Harvard Corporate Governance

OCTOBER 5, 2023

Posted by Jean-Marie Meier (University of Pennsylvania), on Thursday, October 5, 2023 Editor's Note: Jean-Marie Meier is a Visiting Assistant Professor of Finance at The Wharton School, University of Pennsylvania, and Assistant Professor of Finance at the University of Texas at Dallas – Naveen Jindal School of Management. This post is based on a working paper by Professor Meier, Henri Servaes , Jiaying Wei , and Steven Chong Xiao.

Finance 206

Finance Firm Value 206

NYT M&A

OCTOBER 5, 2023

The agency said Mr. Musk was subpoenaed to testify last month about his purchases of Twitter’s stock last year, but he failed to appear.

Mergers & Acquisitions 141

Mergers & Acquisitions Marketability 141

Harvard Corporate Governance

OCTOBER 5, 2023

Posted by Austin Vanbastelaer, and Kyle McCarthy, Semler Brossy LLC, on Thursday, October 5, 2023 Editor's Note: Austin Vanbastelaer is Principal and Kyle McCarthy is a Senior Associate Consultant at Semler Brossy LLC. This post is based on their Semler Brossy memorandum. Russell 3000 equity plan proposals are facing historically low shareholder support and higher failure rates in 2023.

Equity 130

Equity Marketability 130

Mckinsey and Company

OCTOBER 5, 2023

Consumer optimism in the United States remained steady over the summer, while consumer spending saw a modest uptick across most categories. Here’s the latest research from our ConsumerWise team.

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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

Redpath

OCTOBER 5, 2023

Many companies have out-of-state as well as in-state employees, especially in industries such as manufacturing, construction, and technology.

Technology 105

Technology 105

Machen McChesney

OCTOBER 5, 2023

On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure rules for income taxes. Here’s what’s changing and when those changes are effective.

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Appraisers Blog

OCTOBER 5, 2023

Per the Mortgage Bankers Association, the loan application volume is at another low point in our history forcing many appraisers to retire.

Appraisal 98

Appraisal 98

Mckinsey and Company

OCTOBER 5, 2023

Efficient marketing is not just “nice to have” when times are good. Companies need it all the time to bounce back more quickly from downturns and achieve long-term growth objectives. Here’s why.

Marketability 75

Marketability 75

Norman Marks

OCTOBER 5, 2023

My thanks to Resilience for an image that captures my view of most risk reporting: While this focuses on cyber risk, I think it is appropriate for most risk reporting to the board and top management.

Compliance 64

Compliance 64

Benzinga

OCTOBER 5, 2023

Exxon Mobil Corp. (NYSE: XOM ) is reportedly on the brink of securing a purchase deal with Pioneer Natural Resources Co. (NYSE: PXD ), an acquisition that could be worth approximately $60 billion and transform the U.S. oil landscape. The deal could be finalized in the coming days, but it’s still possible that it might not happen, according to individuals privy to the matter, The Wall Street Journal reported.

Market Capitalization 59

Market Capitalization Marketability 59

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

Avanade

OCTOBER 5, 2023

Here are some of the more common pitfalls an organization is likely to experience when making the transition from project-focused based delivery methodologies to a product model.

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52

Peak Business Valuation

OCTOBER 5, 2023

The moving service industry includes businesses that provide local and long-distance moving and relocation services. This involves trucking and shipping household, institutional, or commercial goods, equipment, and furniture. For many years, the moving service industry has retained steady demand. As such, the industry generates billions of dollars each year.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Fair Market Value Appraisal 52

Law 360 M&A

OCTOBER 5, 2023

The U.S. Securities and Exchange Commission is demanding Elon Musk answer questions about his purchases of Twitter stock in 2022 — the year he purchased 9% of the company and then closed a $44 billion buyout — telling a California federal judge Thursday that Musk refuses to cooperate with its investigation.

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Shephard Mullin M&A

OCTOBER 5, 2023

On June 27, 2023, the FTC and DOJ (together the “Agencies”) announced a notice of proposed rulemaking (“NPRM”) proposing extensive revisions to both the rules that implement the Hart-Scott-Rodino Antitrust Improvements Act (the “Act” or “HSR Act”) and the Premerger Notification and Report Form (the “Form”) that merging parties must submit under the Act.

Private Equity Firm 52

Private Equity Firm Equity Mergers & Acquisitions 52

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

Rhythm Systems

OCTOBER 5, 2023

Hitting the Ceiling of Complexity Strong performance habits are a game-changer. Allow me to share a case study from one of our clients: They were private equity-funded and had clear growth goals and financial targets that the CEO and executive team had committed to. They were doing well, they were excited, and they were hitting their numbers! And then, suddenly, they started running into challenges.

Equity 52

Equity 52

Auto Dealer Valuation Insights

OCTOBER 5, 2023

Christopher Mercer, FASA, CFA, ABAR will be presenting in a live webinar hosted by the American Society of Appraisers on October 10, 2023, at 12 pm CDT. Chris’s session, geared towards young valuation professionals, will cover “How Growing Professionals Can Become Thought Leaders Through Publishing.” Chris Mercer is the Chairman of Mercer Capital.

Appraisal 52

Appraisal 52

Exit Strategy

OCTOBER 5, 2023

While selling your business to a newly formed Employee Stock Ownership Plan (ESOP) is an intriguing and rewarding exit path, forming an ESOP can be complex and expensive, and is not appropriate for all businesses. But, what if you could sell your business to an existing ESOP company, allowing you to secure your financial future, […] The post Selling Your Business to an Existing ESOP is a Win-Win appeared first on Exit Strategies Group, Inc.

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Financial Analyst Insider

OCTOBER 5, 2023

Employee retention credit (ERC), or Employee Retention Tax Credit (ERTC), is a tax refundable credit for tax-exempt organizations and businesses that experienced financial losses during The post 4 Things to Know About Employee Retention Credit appeared first on Financial Analyst Insider.

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ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? What are the different amortization methods? How to calculate amortization Amortization vs. depreciation Managing amortization of assets Companies have a lot of assets. These assets vary depending on the type of business, but they often include such tangibles and intangibles as office buildings, corporate vehicles, computers, patents, copyrights, and trademarks.

Intangible Assets 52

Intangible Assets Book Value EBIT Technology 52

Appraisers Blog

OCTOBER 5, 2023

Fannie Mae continues their effort to get rid of Appraisers. This lack of transparency speaks volumes about their true intention.

Appraisal 75

Appraisal 75

Mckinsey and Company

OCTOBER 5, 2023

Are new concerns reshaping global expectations for growth? Our weekly digest of insights explores that topic and more.

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60

John Jenkins

OCTOBER 5, 2023

R&W Insurance is a standard feature in private company transactions, but this WTW blog discusses its use in take-private transactions involving public company targets. The blog highlights some of the complexities involved when using RWI in these transactions and methods for addressing the issues they present.

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Equilest

OCTOBER 5, 2023

Ready to dive deeper into the world of valuing IT consulting firms? Explore our comprehensive guide to gain insights into key metrics, financial analysis, client assessment, and more. Unlock the secrets to making informed decisions when acquiring or investing in an IT consulting firm In the ever-evolving world of technology, IT consulting firms play a pivotal role in helping businesses stay ahead of the curve.

Asset-based Approach 40

Asset-based Approach Business Valuation Compliance Technology 40

Benzinga

OCTOBER 5, 2023

MIDLAND, Texas and DENVER, Oct. 05, 2023 (GLOBE NEWSWIRE) -- New Era Helium Corp. ("NEH") and Accretion Acquisition Corp. ("Accretion") (NASDAQ: ENER , ENERR, ENERU, and ENERW)) are pleased to announce they have entered into a non-binding Letter of Intent (the "Letter of Intent") for a proposed business combination (the "Business Combination"). Accretion is a special purpose acquisition company formed for the purpose of consummating a business combination with one or more businesses, and its sec

Equity 40

Equity Marketability 40

Law 360 M&A

OCTOBER 5, 2023

Shareholders of a special purpose acquisition company who sued its sponsors and advisers over their failure to acquire Landry's Restaurants and Golden Nugget casinos have agreed to settle their consolidated Delaware Chancery Court suit for $12.5 million.

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40

Benzinga

OCTOBER 5, 2023

Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), Oct. 05, 2023 (GLOBE NEWSWIRE) -- Westland Insurance announced that it acquired David H. Coons Insurance Brokers Ltd. effective October 1. The addition of this brokerage helps expand Westland's Ontario footprint, an area where Westland has grown significantly in the last year.

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40

Law 360 M&A

OCTOBER 5, 2023

The heads of the U.S. antitrust agencies said Thursday that a proposed overhaul of merger filing requirements could help enforcers clear some deals faster since they would have more information about the transactions up front.

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Reynolds Holding

OCTOBER 5, 2023

Thank you for inviting me to talk with you today – this is an important audience for the Department of Justice because your voice – and your work – to promote a culture of compliance across your companies is more important today than ever. If you’ve been paying attention to the policies we’ve implemented over the past two years, you’ve probably noticed that I talk a lot about empowering general counsels and compliance officers – to make the case in the board room and the c-suite for investments

Compliance 40

Compliance Start-ups Banking Finance 40

Law 360 M&A

OCTOBER 5, 2023

The Federal Trade Commission's recent lawsuit against U.S. Anesthesia Partners exemplifies antitrust enforcement authorities' efforts to aggressively reshape the health care industry, ranging from new proposed rules to withdrawals of previous guidance, say attorneys at Fried Frank.

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Reynolds Holding

OCTOBER 5, 2023

In a significant corporate governance development, the National Association of Corporate Directors (“NACD”) has released a new report addressing the important role that culture plays in promoting effective governance discourse. NACD describes the report as a “call to action” for corporate leaders to explicitly use culture to drive board excellence in the current complex business environment.

Compliance 52

Compliance 52

Law 360 M&A

OCTOBER 5, 2023

Energy services company Orbital Infrastructure Group received approval from a Texas bankruptcy judge Thursday to sell two of its business units for $211 million in credit bids to its stalking horse bidders, advancing a Chapter 11 liquidation process that the judge praised for protecting "every last modicum of value out there.

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Financial Times M&A

OCTOBER 5, 2023

CEO dismisses doubts over reported bid of Indian group JSW Steel after plunging relations between Ottawa and New Delhi

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Law 360 M&A

OCTOBER 5, 2023

Scott + Scott Attorneys at Law LLP and The Schall Law Firm have secured roles as co-lead counsel in a consolidated investor suit alleging cybersecurity company SentinelOne overvalued its annualized recurring revenue as a result of accounting errors.

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Financial Times M&A

OCTOBER 5, 2023

UK company insists offer from US group was highest it received

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