Fri.Nov 18, 2022

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Remarks by Commissioner Uyeda at the 2022 Cato Summit on Financial Regulation

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Friday, November 18, 2022 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent remarks. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Meet the Team

Auto Dealer Valuation Insights

In each “Meet the Team” segment, we highlight a different professional on our Auto Dealer Industry team. This week we highlight Harrison Holt, Financial Analyst. Harrison Holt began his valuation career at Mercer Capital as an intern in the summer of 2019. After finishing his degree at Rhodes College in 2020, Harrison joined Mercer Capital as a financial analyst in the Memphis office.

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Trending Sources

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Remarks by Commissioner Peirce before FINRA’s Certified Regulatory and Compliance Professional Dinner

Harvard Corporate Governance

Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Friday, November 18, 2022 Editor's Note: Hester M. Peirce is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks. The views expressed in this post are those of Commissioner Peirce and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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This Analyst Is Bullish On Evolent Health's Recent Deal, Calls 'Highly Strategic Acquisition'

Benzinga

Thursday after close, Evolent Health Inc (NYSE: EVH ) agreed to acquire Magellan Specialty Health, the specialty benefit management organization owned by Centene Corporation (NYSE: CNC ), for $650 million at the close plus additional contingent consideration of up to $150 million based on 2023 performance. William Blair is positive on the acquisition and believes this is consistent with management's prior commentary that Evolent would consider strategic assets.

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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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Visualizing Market Activity Using Graphs & Trendlines

Appraisers Blog

Spreadsheets and graphs are powerful tools for appraisers. With proper data, and incorporated into reports, they can enhance your professionalism and decision-making ability. Appraisers, this article will highlight the process I use to bring clarity to my research and analysis of ‘comparable’ properties. This completed process becomes an exhibit in all my appraisal reports because it helps the Intended User(s) visually see what the market has been doing over a known time period.

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World's Top Miner Raises Offer For OZ Minerals, Close To Biggest Acquisition Since 2011

Benzinga

BHP Group Ltd (NYSE: BHP ) has raised its offer for OZ Minerals Limited (OTC: OZMLF ) to value the Australian miner at A$9.6 billion ($6.34 billion). Earlier, BHP offered to pay A$25/share. OZ Minerals said it intends to recommend that shareholders vote to favor BHP's revised offer. A completed deal would represent BHP's largest acquisition since 2011 when it bought Petrohawk Energy.

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Three Months Wait Time For Twitter Blue Mark Verification, Zuckerberg's WhatsApp And Metaverse Plans, China's COVID-19 Measures Hurt Alibaba's Biggest Event: Top Stories Friday, Nov. 18

Benzinga

Reuters. Elon Musk's Ultimatum Triggers Mass Exodus At Twitter As Social Media Site Reportedly At Risk Of 'Breaking During Night' There are mounting concerns over the stability of Twitter's platform after hundreds of employees chose to exit the company instead of agreeing to work "long hours at high intensity." The latest wave of departures includes engineers responsible for bug fixing and preventing service outages, which has spurred questions about Twitter's stabi

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Unlocking the potential of chief diversity officers

Mckinsey and Company

Demand has boomed for heads of diversity in the United States—but so has turnover. Here’s how companies can reshape a role vital to navigating today’s turbulent social and economic climate.

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AMT Coffee sold out of administration to SSP with loss of 100 jobs

The Guardian M&A

Sale of chain that operates sites across UK and Ireland means closure of 18 outlets but 25 will remain open The AMT Coffee chain has been sold out of administration with the rescue of 25 outlets. However, 18 will close, leaving 100 employees facing redundancy. Revenues have plummeted coffee chain – which has sites in airports, rail hubs, hospitals and other locations throughout the UK and Ireland – as the pandemic cut footfall.

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Author Talks: How to eradicate roadblocks to equity

Mckinsey and Company

A workplace free of racism and sexism can start with a better understanding of the historical relationship between Black and White women, says Dr. Tina Opie.

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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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Team Telecom Won't Object To $8.6B Tegna Go-Private Deal

Law 360 M&A

An interagency committee that reviews foreign ownership interests in telecom transactions for national security risks has told the Federal Communications Commission it has no reason to stand in the way of an $8.6 billion deal that would take broadcasting company Tegna private.

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(Extremely) out of office: Let nature boost your team’s creativity and performance

Mckinsey and Company

Studies show that time spent in nature has a positive effect on attention span and well-being. Companies that harness its power can create a resilient and productive workforce for the long term.

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UK Litigation Roundup: Here's What You Missed In London

Law 360 M&A

The past week in London has seen scuppered insurer Gable sue its former CEO in a breach of fiduciary duty claim, the producers behind sci-fi film "Arrival" hit with a copyright infringement claim, and Mastercard and Visa sued again in fresh legal action over swipe fees. Here, Law360 looks at these and other new claims in the U.K.

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Making crops more resilient to drought risk

Mckinsey and Company

Up to 14 percent of rain-fed cropland has suffered from moderate to extreme levels of drought in 2022. Here’s what organizations can do to build resilience.

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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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Ticketmaster Faces DOJ, Senate Investigations

Law 360 M&A

Ticketmaster Entertainment Inc. drew further scrutiny on Friday in the fallout from its disastrous attempt to sell tickets for singer Taylor Swift's upcoming concert tour, with reports of a Justice Department investigation and a promise by Senate Antitrust Subcommittee Chair Amy Klobuchar, D-Minn., to hold a hearing before the year ends.

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The digital revolution is brewing in the industrials sector

Mckinsey and Company

In the coming years, winning companies will prioritize digital to build business resilience through customer-centric innovation, talent acquisition and retention, and operational excellence.

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2022 Year-End Tax Planning for Businesses

Machen McChesney

U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and political uncertainties. Disruptions to supply chains brought about by the pandemic have continued into 2022. Inflation and rising interest rates have made the cost of debt, goods and services more expensive and cooled consumer spending.

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Gay dating app Grindr soars on stock market debut

Financial Times M&A

Price rise supercharged by widespread share redemptions before Spac merger

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Trade Litigator Joins Baker McKenzie In Toronto

Law 360 M&A

Baker McKenzie announced that it has made international trade and disputes attorney Julia Webster a partner in its international commercial and trade practice in Toronto.

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Buyer’s Remorse? CI Financial’s M&A Binge

Auto Dealer Valuation Insights

On the earnings call last week, CI Financial reiterated intentions to separate its U.S. wealth management business and Canadian asset management business through an IPO of its U.S. wealth management business. CI’s CEO Kurt MacAlpine reported continued progress toward the IPO and announced an anticipated S-1 filing later this month. After the transaction, the U.S. wealth management business will.

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Would Rules Have Cured FTX's 'Internal Controls Wasteland'?

Law 360 M&A

The "internal controls wasteland" that was FTX may prove to be the biggest corporate governance failure of all time, legal experts told Law360, but they pondered the role regulation could have played in containing the collapse.

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Mineral Aggregator Valuation Multiples Study Released

Auto Dealer Valuation Insights

Mercer Capital has its finger on the pulse of the minerals market. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership. Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded.

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DOJ Will Ask D.C. Circ. To Block UnitedHealth-Change Deal

Law 360 M&A

The U.S. Department of Justice, along with New York and Minnesota, filed a notice of appeal to the D.C. Circuit on Friday after losing their challenge to UnitedHealth Group Inc.'s planned $13.8 billion purchase of Change Healthcare Inc.

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Taxpayer representation and dealing with the IRS

Henry Horne

Did you know that when it comes to dealing with the IRS, you have the right to retain an authorized tax representative? Common representatives include attorneys, certified public accountant and enrolled agents. If you can’t spare the price for representation, the Low Income Taxpayer Clinic (LITC) is a resource for those who need help. This … Keep Reading.

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FTC, DOJ Merger Pressure And How To Bear It Under Biden

Law 360 M&A

The Biden administration's competition officials have now been fully in place for a year, and antitrust merger professionals are adjusting to their new, aggressive approach and attempts to rewrite the rules of U.S. enforcement.

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NextEra Energy Partners Inks Agreemnet To Acquire Renewables Portfolio

Benzinga

NextEra Energy Partners LP (NYSE: NEP ) has agreed with subsidiaries of NextEra Energy Resources LLC to acquire a 49% interest in an approximately 1.5-gigawatt renewables portfolio. The deal also includes 100% of the indirect membership interests in an approximately 345-megawatt (MW) portfolio of operating wind assets. NEP expects to acquire the interests in the assets for total consideration of.

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Firms Set To Seek $6.75M Fee For MultiPlan SPAC Suit Deal

Law 360 M&A

Bernstein Litowitz Berger & Grossmann LLP, Bragar Eagel & Squire PC and RM Law PC are set to seek up to $6.75 million in connection with a proposed $33.75 million settlement that would end a Delaware Chancery Court suit challenging data analytics firm MultiPlan Corp.'s merger with a special purpose acquisition company.

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Financials Company First Community Announces Merger With Surrey Bancorp

Benzinga

First Community (NASDAQ: FCBC ) has announced a merger with Surrey Bancorp (OTC: SRYB ) that is expected to be completed in Q2 of 2023. Under the terms of the agreement, First Community has agreed to give Surrey Bancorp $113.20 million in stock in exchange for SRYB stock. About The Companies Involved. First Community Bankshares Inc is a financial holding company that provides commercial banking products and services.

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Benchmark International Awarded Corporate / Strategic Deal Of The Year ($10MM - $25MM)

Benchmark Report

Benchmark International was awarded Corporate/Strategic Deal of the Year ($10MM - $25MM) for the transaction of Performance Equipment to Mid State Restoration in The M&A Advisor's 21st Annual M&A Advisor Awards.

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Lear Acquires InTouch Automation For Undisclosed Sum

Benzinga

Lear Corp (NYSE: LEA ) has acquired InTouch Automation , a supplier of Industry 4.0 technologies and complex automated testing equipment critical in producing automotive seats. The financial details of the transaction were not disclosed. InTouch, founded in 2006, Full story available on Benzinga.com.

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M&A Attorney Rejoins V&E After 5 Years

Law 360 M&A

A former Vinson & Elkins LLP capital markets and mergers and acquisitions attorney has returned to the firm after a nearly five-year stint at Baker Botts LLP.

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Four Corners Property Trust Acquires Collision Property For $6.1M

Benzinga

Four Corners Property Trust Inc (NYSE: FCPT ) has acquired a Caliber Collision property for $6.1 million. The property is located in a strong retail corridor in Tennessee. Full story available on Benzinga.com.

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Great service—but who’s paying?

Mckinsey and Company

Consumer goods players are meeting rising service expectations, but they must do more to recover the costs involved.

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Centene Agrees To Divest Magellan Specialty Health To Evolent Health

Benzinga

Evolent Health Inc (NYSE: EVH ) has agreed to acquire NIA (also known as Magellan Specialty Health), the specialty benefit management organization owned by Centene Corporation (NYSE: CNC ). The organization focuses on managing cost and quality in radiology, musculoskeletal, physical medicine, and genetics. Deal consideration includes $650 million at the close plus additional contingent consideration of up to $150 million based on 2023 performance.

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