Harvard Corporate Governance

DECEMBER 2, 2022

Posted by Maria Castañón Moats, Paul DeNicola, Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Friday, December 2, 2022 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Luci

Marketability 316

Marketability 316

Mckinsey and Company

DECEMBER 2, 2022

The surge in digital consumer interactions is making possible a new era of gathering, analyzing, and responding to individual customer data strategically and with precision.

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Harvard Corporate Governance

DECEMBER 2, 2022

Posted by Whitney A. Chatterjee, Donald R. Crawshaw, William G. Farrar, Sullivan & Cromwell LLP, on Friday, December 2, 2022 Editor's Note: Whitney Chatterjee , Donald Crawshaw , and William G. Farrar are Partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Chatterjee, Mr. Crawshaw, Mr. Farrar, Eric M.

Compliance 213

Compliance 213

Mckinsey and Company

DECEMBER 2, 2022

Eight core principles can help companies in the energy, oil and gas, basic materials, and utilities sectors achieve successful digital transformations.

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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

DECEMBER 2, 2022

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, December 2, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of November 25-December 1, 2022. Lessons from the Chancery Court Decision in P3 Health Group. Posted by Gail Weinstein, Steven J. Steinman, Brian T. Mangino, Fried, Frank, Harris, Shriver & Jacobson LLP, on Friday, November 25, 2022.

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Equity 189

Law 360 M&A

DECEMBER 2, 2022

The Federal Trade Commission recently declared it will take a new approach to policing "unfair methods of competition," a move that broadened the agency's view of very old law.

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Law 360 M&A

DECEMBER 2, 2022

Online clothing retailer Poshmark was hit with a securities lawsuit Friday in New York federal court over its proposed $1.2 billion merger with South Korean online retailer Naver Corp. for allegedly filing a "materially incomplete and misleading" proxy statement that failed to fully inform stockholders about what they'd be voting on.

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NYT M&A

DECEMBER 2, 2022

Under Elon Musk, the company has cut its financial expectations as some advertisers request discounts and are offered incentives.

Mergers & Acquisitions 98

Mergers & Acquisitions Marketability 98

Law 360 M&A

DECEMBER 2, 2022

Swedish locks giant Assa Abloy said on Friday that it will sell some of its businesses to a security company for $800 million in response to opposition from the U.S. Department of Justice over its planned $4.3 billion deal to buy divisions of a home products firm.

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Mckinsey and Company

DECEMBER 2, 2022

Many US retailers are reducing prices to clear excess inventory. Smart markdown strategies will make a huge difference to their bottom lines.

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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

Law 360 M&A

DECEMBER 2, 2022

The past week in London has seen Credit Suisse sue collapsed bank Greensill, a breach of contract claim from five former club managers kick off against Watford Football Club and the Financial Services Compensation Scheme bring legal action against AXA. Here, Law360 looks at these and other new claims in the U.K.

Banking 75

Banking 75

Mckinsey and Company

DECEMBER 2, 2022

Stanford professor Jeffrey Pfeffer shares advice for gaining power through resources, reputation, and relationships.

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Law 360 M&A

DECEMBER 2, 2022

In this week's Taxation With Representation, Yahoo Inc. will acquire a minority stake in Taboola, HSBC Holdings PLC will sell its Canadian business to Royal Bank of Canada, Corteva Inc. will acquire Stoller, and a Blackstone real estate investment trust plans to sell its stake in MGM Grand Las Vegas and Mandalay Bay Resort.

Banking 75

Banking 75

Benzinga

DECEMBER 2, 2022

Mike Novogratz led cryptocurrency-focused financial-services firm Galaxy Digital Holdings (OTC: BRPHF ) on Friday announced it has won an auction to acquire digital asset custody platform GK8 from Celsius Network. Galaxy stated that it intends to support GK8's ongoing operations in offering self-custody technology to the world's leading financial services firms, as well as utilize GK8's custody solution in the ongoing development of GalaxyOne.

Technology 59

Technology Marketability 59

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

DECEMBER 2, 2022

Attorneys who understand that mental fitness is their most valuable characteristic should prioritize mental health care accordingly, including with certain activities they may not realize qualify as self-care, says Wendy Robbins at Holland & Knight.

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M&A Leadership Council

DECEMBER 2, 2022

Event Dates: 2023-03-21T08:30:00-05:00 to 2023-03-21T16:30:00-05:00 2023-03-22T08:30:00-05:00 to 2023-03-22T16:30:00-05:00 2023-03-23T08:30:00-05:00 to 2023-03-23T12:00:00-05:00 Location: Manchester Grand Hyatt, San Diego, CA USA Register Now Course includes Structured Networking Sessions, Tuesday and Wednesday evenings, from 5:30pm to 7:30pm NEW for 2023: M&A Leadership Council’s The Art of M&A® live-online and in-person training courses will be structured around the M&A M

Mergers & Acquisitions 52

Mergers & Acquisitions Finance 52

Fox Corporate Finance

DECEMBER 2, 2022

In the Winter 2022 edition of “European Biotechnology“ magazine, from December, the cover story “Biotech Financing – Crisis? What Crisis?” focuses on 2022 as “the most difficult year for mergers and acquisitions in biotech since. Read more. The post Biotech Financing – Crisis? What Crisis? | European Biotechnology Winter Edition 2022/Volume 21 – Quotes by Arno Fuchs appeared first on FCF Fox Corporate Finance GmbH.

Finance 52

Finance Corporate Finance 52

Law 360 M&A

DECEMBER 2, 2022

Cryptocurrency financial services company Galaxy Digital Holdings Ltd. on Friday said it intends to acquire digital asset custodian GK8 as a result of a sale process executed in connection with Celsius Network LLC's Chapter 11 bankruptcy proceedings, in a deal guided by Orrick Herrington & Sutcliffe LLP, Goldfarb Seligman and Kirkland & Ellis LLP.

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Benzinga

DECEMBER 2, 2022

Sanofi (NASDAQ: SNY ) said that if it ever bid for biotech company Horizon Therapeutics Public Limited Co (NASDAQ: HZNP ), it would do so in cash. Horizon Therapeutics Plc has a market capitalization of about $18 billion and is in talks with Amgen Inc (NASDAQ: AMGN ), Sanofi, and Johnson & Johnson (NYSE: JNJ ) unit Full story available on Benzinga.com.

Market Capitalization 52

Market Capitalization Marketability 52

Law 360 M&A

DECEMBER 2, 2022

Fox Rothschild LLP has expanded its Atlanta corporate practice, adding an attorney who most recently worked as leader of Drew Eckl & Farnham LLP's intellectual property practice, the firm said.

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Benzinga

DECEMBER 2, 2022

VICI Properties Inc (NYSE: VICI ), an experiential real estate investment trust, announced that its CEO Edward Pitoniak recently announced the acquisition of the remaining 49.9% interest in the MGM Grand Las Vegas and Mandalay Bay joint venture. VICI currently owns a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort.

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Trout CPA

DECEMBER 2, 2022

Trout CPA is thrilled to announce that Craig Neff, CPA , has been promoted to Talent Development Manager. In this role, Craig is responsible for developing targeted training courses and programs for the firm’s tax team. Earlier this year, Kelly Diehm, CPA , was also promoted to Talent Development Manager and is focused on building programs for our audit professionals.

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Auto Dealer Valuation Insights

DECEMBER 2, 2022

In a previous post, we highlighted common themes from OFS companies’ Q2 earnings calls, which included the role of OFS in energy security, OFS operators’ focus on margins rather than market share, and industry optimism. In last week’s post, we noted common themes from E&P companies, including a continued focus on share buybacks, moderate production growth, and the effects of inflation.

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Marketability 52

Midstreet Blog

DECEMBER 2, 2022

If you’re interested in selling your business, you may be doing some research on how businesses are valued. There are lots of misleading theories out there about how to best value a business, including using a multiple of revenue (not good) or a multiple of net profit (even worse).

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EBIT EBITDA Business Valuation 52

Benzinga

DECEMBER 2, 2022

Fortune Brands Home & Security Inc (NYSE: FBHS ) has agreed to acquire the Emtek and Schaub premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business from ASSA ABLOY AB (OTC: ASAZF ) (OTC: ASAZY ). The purchase price of the. Full story available on Benzinga.com.

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Law 360 M&A

DECEMBER 2, 2022

Renewable energy business ContourGlobal said Friday that its £1.75 billion ($2.15 billion) acquisition by a private equity firm has gained regulatory approval to proceed, in a deal guided by Slaughter and May and Simpson Thacher & Bartlett.

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Private Equity Firm Equity 52

Benzinga

DECEMBER 2, 2022

Rocket Lab USA, Inc (NASDAQ: RKLB ) formed a U.S.-based subsidiary to serve the defense and intelligence community. Rocket Lab National Security LLC (RLNS) will deliver reliable launch services and space systems capabilities to the U.S. government and its allies. Since the company's first launch of the Electron rocket in 2017, Rocket. Full story available on Benzinga.com.

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Trout CPA

DECEMBER 2, 2022

As 2022 draws to a close, employers should review whether they have correctly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2022 since COVID relief changed some rules relating to traditional fringe benefits and found many employers dealing with a remote workforce.

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Benzinga

DECEMBER 2, 2022

BorgWarner Inc (NYSE: BWA ) has acquired Switzerland-based engineering and product development services provider Drivetek AG. The transaction has an enterprise value of up to CHF35 million, of which CHF25 million was delivered at closing. An additional CHF 10 million could be paid in the form of contingent payments. Full story available on Benzinga.com.

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Enterprise Value 52

Gergory Caruso

DECEMBER 2, 2022

One of the most important roles the Employee Stock Ownership Plan (ESOP) Trustee has is to determine the stock price for the ESOP plan at the time of the initial transaction and then again each year. This is a fiduciary decision that must be made with care and diligence. This can be a difficult decision […]. The post Seven Steps for a Trustee to Review an ESOP Business Valuation / Appraisal appeared first on The Art of Business Valuation.

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Business Valuation Appraisal 52

Law 360 M&A

DECEMBER 2, 2022

A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Sidley Austin LLP and Kirkland & Ellis LLP.

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Benzinga

DECEMBER 2, 2022

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Valdor Technology International Inc. ("Valdor" or the "Company") (CSE: VTI ) is pleased to announce that it has entered into a binding letter of intent (the "LOI") dated December 1, 2022 with 1000175307 Ontario Ltd. ("1000175307") which contemplates the acquisition by Valdor of all of the issued and outstanding common shares of 1000175307 (the "Transaction") from the shareholders of 1000175307. 1000175307 is party to a letter of inte

Finance 40

Finance Technology 40

Law 360 M&A

DECEMBER 2, 2022

The Federal Reserve Board has approved the merger of two separate companies operating "Farmers National Bank" branches in Ohio and Pennsylvania, clearing the way Thursday for Ohio-based Farmers National Banc Corp., also known as FNC, to have a combined $5.1 billion in assets across the two states.

Banking 40

Banking 40

John Jenkins

DECEMBER 2, 2022

A recent blog from Weil’s Glenn West reviews a pair of Delaware decisions in which non-reliance, exclusive remedy & non-recourse clauses intended to sharply curtail a plaintiff’s ability to bring fraud claims in connection with an acquisition agreement were at issue.

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