Thu.Dec 28, 2023

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Comment on New URAR Redesign Spec Released by Baggins

Appraisers Blog

In reply to Retired Appraiser. Holy smokes! VA fees just jumped again. Your ready to go honest market fee guide, compliant with the original spirit of the Dodd Frank Reg Z regulatory instructions on C&R (market fees as if no amc was involved), just a click away. Don’t forget to add the amc surcharge for the additional oversight and scope requirements.

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Will the Top Banking Trends Continue into 2024?

N Contracts

Forget the Roaring Twenties of the last century. Four years into the 2020s, and it’s looking like we might be living through the Turbulent Twenties. 2023 was no exception.

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Comment on New Jersey Draconian Penalties on Appraisers by Baggins

Appraisers Blog

In reply to KK. A steady stream of ever higher home sales price also keeps that increased tax money flowing which is where the real incentive lies. On the flip side, finally the institutional investors will have more reo stock to work with again. Will someone please answer the question; What exactly is wrong with lower housing prices? In this brave new world it is now considered discriminatory if a borrower does not pay over 100% of the market value for real property.

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UPDATES FOR YOUR APPRAISAL PRACTICE

ISA

12/28/2023 12:00:00 AM Happy New Year one and all - UPDATES FOR YOUR APPRAISAL PRACTICE There are a few changes to the new 2024 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), effective January 1, 2024. It is your responsibility as an ISA Appraiser to educate yourself in the changes to USPAP. ISA is offering many 7 hour USPAP courses in the coming months as well as the 15 hour USPAP course as required for membership.

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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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Comment on New URAR Redesign Spec Released by Bruce W Lennick

Appraisers Blog

The new URAR & UAD redesign spec has been released. This redesign requires significantly more data gathering than before.

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2024 M&A Outlook After a Rough Year for Deal Makers

NYT M&A

Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.

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2023 in review: The top 3 webcasts for tax and accounting professionals

ThomsonReuters

But fear not, we’re here to lighten the mood and bring you the top three webcasts that made navigating the twists and turns of the tax and accounting industry a little less taxing (pun intended). Whether you’re a seasoned expert or just starting your career, these webcasts are like hidden gems that will help you shine in the ever-evolving world of tax and accounting.

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Can't Buy Into SpaceX? Here's How to Get A Piece Of The Rocket Launch Action

Benzinga

One of the hottest investment topics of 2024 is likely to be whether Elon Musk ‘s SpaceX will spin off its Starlink satellite launch services business — an initial public offering (IPO) that would likely garner massive support. So far, Musk has kept SpaceX and its subsidiary in private hands, saying the company must meet certain financial targets before he’ll consider taking it public.

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Track Execution Through Leading Indicators and Dashboards

Rhythm Systems

How can you ensure the successful execution of your goals and objectives? The key lies in using leading indicators and dashboards to monitor progress and make informed decisions.

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Apple's Chinese Partner Luxshare Set to Transform iPhone Production Landscape with Major Acquisition

Benzinga

Apple Inc (NASDAQ: AAPL ) Chinese partner , Luxshare Precision Industry Co , is poised to take over an iPhone assembly site from Taiwanese competitor Pegatron Corp. This move is part of Apple's strategy to strengthen ties with China-based suppliers and enhance relations with Beijing. Luxshare is acquiring a 62.5% stake in Pegatron's Kunshan unit in eastern China for approximately 2.1 billion yuan ($300 million), Bloomberg cites a recent exchange filing.

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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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How to Value a New Car Dealership

Peak Business Valuation

Businesses in the new car dealing industry sell new and used vehicles such as cars, SUVs, trucks, and passenger vans. Many new car dealerships also sell auto parts and provide car repair services. According to IBIS World , this industry has performed well over the past several years, generating over $1 trillion in revenue. Moving forward, the industry may continue to grow as the industry gains a larger share of the market.

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Silvercorp Revises Bid, Offers $188M For Gold Explorer OreCorp

Benzinga

Silvercorp Metals (NYSE: SVM ) revised its takeover bid for Australian gold developer OreCorp Limited (ASX: ORR). The company is now offering to buy all shares that it doesn’t already own in a deal valued at $188 million (A$276.5 million). “We are pleased to adjust our transaction with OreCorp after it became clear that the previously proposed scheme, due to outside interference, was at risk of not completing,” said Silvercorp chairman and CEO Rui Feng.

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What Do You Want Your Business Legacy to Look Like?

Quantive

You spent the majority of your life and career-building the company you […]

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Enpro Drops $210M In New Acquisition That Opens Doors to Cryogenics, Clean Energy Industries

Benzinga

Enpro Inc (NYSE: NPO ) penned a deal to acquire Advanced Micro Instruments, Inc. for $210 million in cash. AMI provides application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition. The deal price represents around 13x of normalized 2023 EBITDA.

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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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Comment on New Jersey Draconian Penalties on Appraisers by Baggins

Appraisers Blog

[link] Final bill if I’m reading the chain of documents introduced correctly. Be sure to read the entire bill, especially if you are in this state. The borrower will be handed ahead of the appraisal, instructions on how to complain to the states civil right division upon any suspicion of a discriminatory appraisal. Then the civil rights division within the government will be the ones actually performing ‘the investigation’, and will forward those findings to the appraisal board

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Conduent's Big Move: Shedding Two Businesses for $260M To Slash Debt And Refine Portfolio

Benzinga

Conduent Inc (NASDAQ: CNDT ) disclosed a definitive deal to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc. The sale is for an enterprise value of approximately $260 million, including the assumption of certain indebtedness, and is subject to customary purchase price adjustments.

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Comment on New URAR Redesign Spec Released by Retired Appraiser

Appraisers Blog

In reply to Retired Appraiser. OK I will start the bidding. Price includes full inspection and no assistance from burger flippers. 1,000 SF single family: $700 2,500 SF single family: $800 4,000 SF single family: $900 Add more for acreage, historic nature, weirdness factors, and green features.

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Kadant to Acquire Key Knife, Inc.

Benzinga

WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI ) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates ("Key Knife") for approximately $156 million in cash, subject to certain customary adjustments. The acquisition is expected to close in early January 2024, subject to the satisfaction of customary closing conditions, and will be financed primarily through borrowings under Kadant's revolving credit facility.

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Chancery Court Upholds Identity-Based Voting Within Single Class of Stock

Harvard Corporate Governance

Posted by Marina C. Leary, Benjamin Strauss, and Nathan E. Barnett, McDermott Will & Emery, on Thursday, December 28, 2023 Editor's Note: Marina C. Leary is an Associate and Benjamin Strauss and Nathan E. Barnett are Partners at McDermott Will & Emery. This post is based on their McDermott memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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FLJ Group Limited Announces Completion of Acquisition of Alpha Mind Technology Limited and Termination of the Lianlian Acquisition

Benzinga

SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ ) (the "Company"), today announced the completion of the transaction previously announced on November 22, 2023 between Alpha Mind Technology Limited (the "Target Company" or "Alpha Mind"), the Target Company's shareholders (the "Sellers") and the Company (the "Transaction").

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Capital Power completes acquisition of 50.15% interest in the Frederickson 1 Generating Station

Benzinga

EDMONTON, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX ) ("Capital Power") successfully completed the acquisition of a 50.15% interest in the Frederickson 1 Generating Station ("Frederickson 1" or the "Facility"), a 265-megawatt (MW) natural gas-fired combined-cycle generation facility in Pierce County, Washington. The acquisition was previously announced on October 10, 2023.

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Vision Sensing Acquisition Corp. Announces Intention to Extend Period to Consummate Initial Business Combination to February 3, 2024

Benzinga

MIAMI, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU , VSAC, VSACW)) (the "Company") a special purpose acquisition company, announced today that it has notified Continental Stock Transfer & Trust Company that it intends to extend the date by which the Company must consummate its initial business combination from January 3, 2024 to February 3, 2024, and that its sponsor, Vision Sensing, LLC, intends to deposit into the Company's trust account an aggreg

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StorageVault to Acquire 2 Storage Locations; Completes Previously Announced Purchase of Storage Asset; Issues Options

Benzinga

TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (" StorageVault ") ( SVI-TSX) is pleased to announce the following: (1) it has agreed to acquire two stores in Ontario for $20,000,000; (2) it has completed the acquisition of one of the stores announced on November 6, 2023 for an aggregate purchase price of $13,500,000; and (3) it has issued 1,600,000 options.

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Zoomcar, the World's Largest Emerging Market Focused Car Sharing Platform, Announces Completion of its Business Combination with Innovative International Acquisition Corporation (IOAC) and Anticipated Nasdaq Listing

Benzinga

Zoomcar, Inc. and IOAC consummated the merger transaction comprising IOAC's initial business combination on December 28, 2023 Combined Company will be named Zoomcar Holdings, Inc. expects to begin trading on NASDAQ under ticker symbol "ZCAR" stock ticker on December 29, 2023 Zoomcar is a leading emerging market peer2peer car sharing platform with operations across India, Indonesia and Egypt Zoomcar and IOAC entered into a definitive merger agreement dated October 13, 2022 (the "Merger A

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High Arctic Acquires Private Rental Business in Canada

Benzinga

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO ) (the "Corporation" or "High Arctic") announces that today it has closed the acquisition of Delta Rental Services Ltd. ("Delta") for aggregate purchase consideration of $7 million subject to earn-out provisions,

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Electronic Servitor Publication Network Finalizes Merger with Pointward Inc., an IP Holding Company

Benzinga

MINNEAPOLIS, Dec. 28, 2023 (GLOBE NEWSWIRE) -- via IBN -- Electronic Servitor Publication Network, Inc. (OTCQB: XESP ), a digital engagement company, has finalized its merger with Pointward Inc., a Delaware intellectual property holding company, for its channel activation and customer engagement assets. Pointward's intellectual property includes proven models, methods, protocols, tools and technologies designed to identify audience segments and engage each segment with customized content

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Conduent Announces Agreement to Sell its Curbside Management and Public Safety Businesses to Modaxo

Benzinga

FLORHAM PARK, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (NASDAQ: CNDT ), a global technology-led business solutions and services company, today announced a definitive agreement to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo , a division of Constellation Software Inc. (TSX: CSU ). Modaxo is a global portfolio company focused on advancing people transportation solutions.