Tue.Jan 24, 2023

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How Twitter Pushed Stakeholders Under The Bus

Harvard Corporate Governance

Posted by Lucian A. Bebchuk, Kobi Kastiel, Anna Toniolo (Harvard Law School), on Tuesday, January 24, 2023 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School; Kobi Kastiel is Professor of Law at Tel Aviv University, and Senior Fellow of the Harvard Law School Program on Corporate Governance; and Anna Toniolo is Postdoctoral Fellow at the Program on Corporate Governance of Harv

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From tailwinds to crosscurrents: Resilient growth in wealth management

Mckinsey and Company

A decade of favorable macroeconomic conditions and relatively easy growth has ended, signaling a new urgency for US wealth managers to rethink operating models and reenergize growth.

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House Measurement by Property Data Collector Gone Wrong

Appraisers Blog

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. The owners are now underwater by more than $100,000… I’m sad and I’m mad! I recently took on a measure job for a client who was questioning the square footage of their home. The couple bought the house at the height of the market last year.

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Women in tech: The best bet to solve Europe’s talent shortage

Mckinsey and Company

To remain competitive in technological growth and innovation, Europe must recruit and retain women for the fastest-growing tech roles of the foreseeable future.

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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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Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing

NYT M&A

The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.

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Elevance To Acquire Louisiana Nonprofit Health Insurer, Adds 1.9M Members

Benzinga

Elevance Health Inc (NYSE: ELV ) agreed to acquire Blue Cross and Blue Shield of Louisiana, joining Elevance Health's affiliated Anthem Blue Cross Blue Shield family of brands. The combination builds on the existing collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members. It will also accelerate BCBSLA's strategic evolution to improve access, affordability, and quality of services delivered by BCBSLA to the more than 1.

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What's Going On With Fox Corp Shares During Tuesday's After-Hours Session?

Benzinga

Fox Corporation (NASDAQ: FOXA ) (NASDAQ: FOX ) shares are trading higher by 2.22% to $31.31 Tuesday's after-hours session after the company's board of directors received a letter from Rupert Murdoch withdrawing the proposal to explore a potential combination of Fox and News. Full story available on Benzinga.

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Rupert Murdoch calls off proposed Fox-News Corp merger

The Guardian M&A

Billionaire mogul says in letter that proposal to reunite companies he split up a decade ago ‘not optimal’ for shareholders Fox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp, in a deal that would have reunited the media empire he split nearly a decade ago. Murdoch sent a letter to News Corp and Fox withdrawing his proposal to reunite the companies, according to a regulatory filing.

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Smith Gambrell Russell and Freeborn & Peters to Combine, Creating Global AmLaw 150 Firm

Business Wire M&A

TAMPA, Fla.--(BUSINESS WIRE)--Smith Gambrell Russell and Freeborn & Peters combine law firms and name Jason P. Stearns as managing partner of the Tampa office.

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Tips to improve financial and operational performance [new ebook]

JPAbusiness

As a business owner, how do I best influence the financial and operational performance of my business , and so improve my returns and business value, today and into the future?

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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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Form W-2 and 1099-NEC Are Due to Be Filed Soon

Machen McChesney

With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers is even closer.

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Travel Disruptors: Sonder’s Francis Davidson on the future of hospitality

Mckinsey and Company

The inaugural installment of the Travel Disruptors series spotlights an accommodations company that wants to use design and technology to build a better-traveled world open to all.

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Matador Resources Company Announces Strategic Bolt-on Delaware Basin Acquisition

Business Wire M&A

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire Advance Energy Partners Holdings, LLC (“Advance”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”).

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Disney, KKR Execs Team Up To Buy Thrive Capital Stake

Law 360 M&A

Venture capital firm Thrive Capital said Tuesday it has secured a minority investment from a group of five billionaire business magnates including Walt Disney Co. CEO Bob Iger and KKR & Co. co-founder Henry Kravis.

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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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Keystone Insurers Group Announces NJAA Agents that have Merged into its Independent Agency Network

Business Wire M&A

NORTHUMBERLAND, Pa.--(BUSINESS WIRE)-- #BetterTogether--Keystone Insurers Group (Keystone), the fourth largest insurance agency network, today announced its partnership with each former member of the New Jersey Agents Alliance (NJAA), bringing them into its nationally ranked network. NJAA President Bob Mazey has accepted a position on Keystone’s Executive Leadership Team.

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Murdoch Drops Effort to Combine Fox, News Corp

Law 360 M&A

Fox Corp. said Tuesday that Rupert Murdoch has withdrawn his proposal to explore a potential combination of Fox and News Corp, which would have reunited his broadcasting and print publishing companies after roughly a decade as separate entities.

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i-Lead® Realty Group Assists Corinth Land Company in its Industrial Flex Acquisition Quest

Business Wire M&A

FORT WORTH, Texas--(BUSINESS WIRE)--i-Lead® Realty Group assisted Corinth Land Company in the purchase of the fully leased three building industrial flex complex at 11224 S. Pipeline Road, 3620 Liston Lane and 3628 Liston Lane in Euless, Texas, consisting of 52,692 SF on 3.3 acres according to their associate broker, Brooks Trisler, CEO of i-Lead® Realty Group, an affiliate of eXp Realty.

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Chancery Orders Talks On Deleted Texts Of Fired MSG Exec

Law 360 M&A

Delaware's chancellor on Tuesday directed attorneys for Madison Square Garden Entertainment and stockholders who challenged its $900 million merger with MSG Networks to work out options, if any, for recovering electronically stored information deleted from an internal audit officer's files after her firing in February 2021.

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DCG Acquisitions, a Dave Cantin Group Company, Closed More Than $1 Billion in Total Acquisition Value in 2022 for Second Consecutive Year

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--DCG Acquisitions, one of the leading mergers & acquisitions firms, closed more than $1 B in total acquisition value for the second consecutive year.

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Activists circle Salesforce’s celeb-schmoozing CEO

Financial Times M&A

Plus, Elliott revs up activism in Japan and Lazard beefs up its US private capital strategy

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F5 Reports 2% Revenue Growth in its First Quarter of Fiscal Year 2023

Business Wire M&A

SEATTLE--(BUSINESS WIRE)--F5, Inc. (NASDAQ: FFIV) today announced financial results for its first quarter of fiscal year 2023. “Customers are focused on minimizing their spend and optimizing their existing investments while also continuing to drive revenue,” said François Locoh-Donou, F5’s President and CEO. “We are enabling our customers to deliver the dynamic digital experiences that drive their businesses.

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Markets versus textbooks: Calculating today’s cost of equity

Mckinsey and Company

Inflation is high and interest rates are climbing. But if you think the real cost of equity rises in lockstep with government bond yields, think again.

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WordSphere LLC Announces 6.8m Acquisition of DrupalWare

Business Wire M&A

PALO ALTO, Calif.--(BUSINESS WIRE)-- #CMS--WordSphere LLC, a leading tech company based in Palo Alto, announced the completion of its acquisition of DrupalWare, a well-known Drupal development agency. The 6.8 million dollar cash acquisition includes the DrupalWare website/brand, a portfolio of 164 active clients, and 6 Drupal specialists who will join WordSphere LLC's senior DevOps team.

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Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’

NYT M&A

Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.

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Agile Occupational Medicine and Pinnacle HealthCare Merge to Form Fourth-Largest Occupational Medical Group in California

Business Wire M&A

COSTA MESA, Calif.--(BUSINESS WIRE)--Agile, California’s fastest-growing occupational clinic group, has completed a merger with Pinnacle to provide a better statewide solution.

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Murdoch scraps merger of Fox and News Corp after investor pushback

Financial Times M&A

Media tycoon in talks to sell stake in digital property group instead

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The value of audit certification and what it means for tax firms

ThomsonReuters

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co., stated that more than 90 percent of S&P 500 companies now publish ESG reports in some form, as do approximately 70 percent of Russell 1000 comp

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Capricorn/Palliser: cash worth more to market than oil explorers are

Financial Times M&A

A board that has failed to sell its assets twice deserves replacement

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The McKinsey Crossword: It’s a Formality | No. 112

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Activists close in on Salesforce: ‘Everything should be on the table’

Financial Times M&A

Marc Benioff helped build the software group into a Silicon Valley giant, but shareholders are agitating for change

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Bluebird Network Completes Acquisition of Missouri Telecom Inc.’s Network Assets

Business Wire M&A

ST. LOUIS, Mo.--(BUSINESS WIRE)-- #Acquisition--Bluebird Network Completes Acquisition of Missouri Telecom Inc.

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Telecoms company backed by Abramovich sold for £1

Financial Times M&A

Truphone bought by two European businessmen following months of uncertainty after sanctions on Russian oligarch

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Start Stop Continue Examples: What Should You Adjust to Increase Performance?

Rhythm Systems

Every quarter, my team and I complete a Start-Stop-Continue (or start-stop-keep) exercise to get us thinking. It's a valuable process that forces me to think: What should I Start, Stop, and Keep doing in the next 90 days to help my organization achieve its goals?

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Finland's Caverion Backs Improved €1.2B Bain Capital Bid

Law 360 M&A

Finnish building technology company Caverion has said that it is backing a bid of up to €1.18 billion ($1.28 billion) led by U.S. private equity firm Bain Capital over an earlier €1.1 billion offer from another investment firm, Triton Partners.