Harvard Corporate Governance

AUGUST 4, 2022

Posted by Elizabeth Demers (University of Waterloo), Victor Xiaoqi Wang (California State University), and Kean Wu (Rochester Institute of Technology), on Thursday, August 4, 2022 Editor's Note: Elizabeth Demers is Professor of Accounting at the University of Waterloo School of Accounting & Finance; Victor Xiaoqi Wang is Assistant Professor of Accountancy at California State University Long Beach; and Kean Wu is Associate Professor of Accounting at the Rochester Institute of Technology Saund

Technology 214

Technology Finance 214

Mckinsey and Company

AUGUST 4, 2022

Leadership is a set of mindsets and behaviors used to engage and enable people to align on a collective direction, and work together to accomplish shared goals while adjusting to changing environments.

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Harvard Corporate Governance

AUGUST 4, 2022

Posted by Cydney Posner, Cooley LLP, on Thursday, August 4, 2022 Editor's Note: Cydney S. Posner is special counsel at Cooley LLP. This post is based on her Cooley memorandum. [This post revises and updates my earlier post on this topic primarily to reflect the contents of the proposing release.]. At an open meeting last week, the SEC voted, three to two, to propose new amendments to Rule 14a-8, the shareholder proposal rule.

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Appraisers Blog

AUGUST 4, 2022

…the Ethics Rule has been expanded with a new highly detailed Nondiscrimination section, which also affects the Competency Rule. Folks, the Appraisal Foundation’s Appraisal Standards Board released the THIRD Exposure Draft to USPAP on July 26, 2022. To be honest, I didn’t know there have been two previous Exposure Drafts. I would encourage you to download and print this Draft here.

Appraisal 98

Appraisal 98

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

AUGUST 4, 2022

Posted by Theodore N. Mirvis, David A. Katz, and Sabastian V. Niles, Wachtell, Lipton, Rosen & Katz, on Thursday, August 4, 2022 Editor's Note: Theodore N. Mirvis , David A. Katz , and Sabastian V. Niles are partners at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum, and is part of the Delaware law series ; links to other posts in the series are available here.

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Law 360 M&A

AUGUST 4, 2022

Lazer Capital may have set out to be the middleman between two pot companies, but any evidence they owe Lazer anything after joining forces on their own a year later is hazy at best, a Pennsylvania federal judge wrote in a pun-laden opinion that sent the suit up in smoke.

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Law 360 M&A

AUGUST 4, 2022

Twitter ripped Elon Musk's "story" that he "imagined" in an attempt to escape his $44 billion take-private deal Thursday, telling the Delaware Chancery Court that it has already provided the billionaire with its data on spam accounts, which it says makes up less than 5% of users.

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Mckinsey and Company

AUGUST 4, 2022

By building certain functional and leadership skills, pharma companies can not only improve the odds of a successful launch but also strengthen their organizations for the future.

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Law 360 M&A

AUGUST 4, 2022

Penguin Random House's CEO said in D.C. federal court on Thursday that the publisher's planned purchase of rival Simon & Schuster is about winning back the share of the book market it has lost over the years, not about gaining leverage over writers.

Marketability 98

Marketability 98

NYT M&A

AUGUST 4, 2022

Twitter called the claims false and irrelevant in a high-profile legal fight over whether the billionaire can back out of a $44 billion deal to acquire the company.

Mergers & Acquisitions 93

Mergers & Acquisitions 93

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

Biz Equity

AUGUST 4, 2022

Family-owned companies represent roughly 90% of all U.S business. Life events can impact not only your family, but also your business - and vice versa.

Business Valuation 97

Business Valuation 97

Machen McChesney

AUGUST 4, 2022

Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new employment landscape, and changes in fundraising and hosting programs and events. As organizations continue to reimagine what their futures will look like, donor engagement strategies should be reevaluated and refined to ensure they keep up with these other changes.

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Law 360 M&A

AUGUST 4, 2022

Video game software company Unity is reportedly planning to spin off its Chinese unit, satellite companies SES and Intelsat are in early stage talks for a potential merger, and UnitedHealth is struggling to find a purchaser for its Brazilian business.

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Norman Marks

AUGUST 4, 2022

When I was setting up ERM for Business Objects S.A., I was surprised by the reaction of the General Counsel, David. I had already met with the CEO and his other direct reports. Now David and I were meeting so I could get his insights on the more significant sources of risk to the company […].

Compliance 66

Compliance 66

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

AUGUST 4, 2022

A New York state judge on Thursday kept alive claims that the former owners of Brooks Brothers used bankruptcy to withhold millions from a minority investor, saying there are "far too many" questions about the clothing retailer's asset sale to ax the lawsuit before discovery.

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John Jenkins

AUGUST 4, 2022

Private company valuations have taken a pounding this year, so it’s no surprise that we’re hearing a lot more talk about “down round” financings than we’ve heard in recent years. In case you need to broach this topic with a client, you may find this Foley blog helpful.

Finance 65

Finance 65

Auto Dealer Valuation Insights

AUGUST 4, 2022

The first half of 2022 is behind us, and with school about to start, report cards will be here before we know it. In that same light, the auto industry has published its statistics for the first six months. This post reviews predictions by industry analysts (and us) made at the beginning of the year by analyzing several key metrics. Additionally, we discuss threats that arose during the first half.

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Valutico

AUGUST 4, 2022

Microsoft Inc. Weekly Valuation – Valutico | 5 August 2022. Link to the detailed valuation: click here. Microsoft shares rose 5% in extended trading on Tuesday after the software maker issued an upbeat earnings forecast for the year ahead, despite its quarterly results falling short of analysts’ expectations. Here are the company’s results: Earnings: $2.23 per share, adjusted, versus $2.29 per share as expected by analysts.

Market Capitalization 52

Market Capitalization Marketability 52

Law 360 M&A

AUGUST 4, 2022

Haynes and Boone LLP added a former Shearman & Sterling LLP partner to its energy transactions practice in Houston, where he will continue to work on mergers and acquisitions across the oil and gas sector.

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Class VI Partner

AUGUST 4, 2022

The (Likely) Recession and M&A Inflation, rising interest rates, geopolitical conflicts, and continued supply chain constraints have taken their toll on the public markets. Many entrepreneurs are now wondering how these economic and political challenges have or will affect valuations in the private sector. The question is especially pertinent on the heels of a record year in the M&A market.

EBITDA 52

EBITDA Debt Financing Equity Marketability 52

Auto Dealer Valuation Insights

AUGUST 4, 2022

The first half of 2022 is behind us, and with school about to start, report cards will be here before we know it. In that same light, the auto industry has published its statistics for the first six months. This post reviews predictions by industry analysts (and us) made at the beginning of the year by analyzing several key metrics. Additionally, we discuss threats that arose during the first half.

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Henry Horne

AUGUST 4, 2022

In tax planning for 2022, it’s important to know what deductions you can take for your business so you can keep a record of certain spending activities. The business meal deduction is one to keep in mind when you are out there enjoying your favorite restaurants. Don’t miss: IRS sending balance due notices on paid … Keep Reading. The post Business meal deduction 2022 – what you should know appeared first on Henry+Horne.

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Benzinga

AUGUST 4, 2022

Shares of ChemoCentryx, Inc. (NASDAQ: CCXI ) are skyrocketing Thursday following a groundbreaking announcement for the biopharmaceutical company. Why Is It Moving? A ChemoCentryx press release announced that Amgen, Inc. (NASDAQ: AMGN ) has acquired the company in an all-cash deal. The $3.7-billion acquisition has a value of $52 per share, which is causing the stock price to explode.

Marketability 52

Marketability 52

Concannon Miller

AUGUST 4, 2022

Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new employment landscape, and changes in fundraising and hosting programs and events. As organizations continue to reimagine what their futures will look like, donor engagement strategies should be reevaluated and refined to ensure they keep up with these other changes.

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Benzinga

AUGUST 4, 2022

Organon & Co's (NYSE: OGN ) Q2 sales decreased 1% Y/Y to $1.59 billion , beating the consensus of $1.54 billion. The sales increased 5%, excluding the impact of foreign currency. Women's Health decreased 2% but increased 1% ex-FX. Nexplanon (etonogestrel implant) grew 8% ex-FX, primarily driven by favorable pricing, demand uptake in the U.S., Full story available on Benzinga.com.

EBITDA 52

EBITDA 52

ThomsonReuters

AUGUST 4, 2022

Rev. Proc. 2022-34, 2022-33 I.R.B. (Aug. 15, 2022). Available at [link]. The IRS has announced 2023 indexing adjustments for important percentages under the Affordable Care Act (ACA). The required contribution percentage is used to determine whether employer-sponsored health coverage is “affordable” for purposes of employer shared responsibility under Code § 4980H.

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Benzinga

AUGUST 4, 2022

Tesla, Inc. (NASDAQ: TSLA ) CEO Elon Musk’s countersuit against Twitter, Inc. (NYSE: TWTR ) could be made public soon, Reuters reported. Presiding judge Chancellor Kathleen McCormick of Delaware Chancery Court ruled in this regard after Twitter took exception to Musk’s attempt to release the 163-page document on Wednesday. The social media platform contended that it hasn’t been given a chance to redact confidential company-related information.

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Law 360 M&A

AUGUST 4, 2022

British railway operator Go-Ahead said on Thursday that it has accepted an increased £669 million ($811 million) offer from a consortium of Australia's Kinetic and Globalvia of Spain, £21 million higher than an initial bid.

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Benzinga

AUGUST 4, 2022

Big U.S. companies, including Alphabet Inc (NASDAQ: GOOG ), General Motors Company (NYSE: GM ), and PepsiCo Inc (NASDAQ: PEP ), have increased spending on real estate, equipment, and technology. According to the Wall Street Journal report , the move is an encouraging signal to investors amid uncertain macroeconomic trends. Based on results from roughly two-thirds.

Technology 52

Technology 52

Law 360 M&A

AUGUST 4, 2022

South African health care provider Mediclinic accepted an updated takeover bid on Thursday of £3.7 billion ($4.5 billion) from investors, including its biggest shareholder Remgro, the Linklaters-led consortium said.

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Benzinga

AUGUST 4, 2022

Amgen Inc (NASDAQ: AMGN ) has agreed to acquire ChemoCentryx Inc (NASDAQ: CCXI ) for $52 per share in cash, representing an enterprise value of approximately $3.7 billion. "The acquisition of ChemoCentryx represents a compelling opportunity for Amgen to add to our decades-long leadership in inflammation and nephrology with Tavneos (avacopan), a.

Enterprise Value 52

Enterprise Value Marketability 52

Accounting Web

AUGUST 4, 2022

Practice Excellence How an Accountant Future-Proofed His Firm.

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Benzinga

AUGUST 4, 2022

Here's a roundup of top developments in the biotech space over the last 24 hours: Stocks In Focus. AstraZeneca/Merck's Lynparza Scores European Approval In Early Breast Cancer. The European Union has approved AstraZeneca Plc (NASDAQ: AZN ) and Merck & Co Inc's (NYSE: MRK ) Lynparza (olaparib) for human epidermal growth factor receptor 2 (HER2)-negative high-risk early breast cancer previously treated with neoadjuvant or adjuvant chemotherapy.

Finance 52

Finance 52

Benchmark Report

AUGUST 4, 2022

Benchmark International’s client Wilmac Enterprises, a full-service transportation solutions provider, has successfully sold to RoadOne IntermodaLogisitics in Randolph, MA.

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