RNC
MARCH 21, 2023
Mergers and acquisitions (M&A) are common occurrences in the corporate world. These complex transactions involve significant analysis, negotiation, and due diligence. One of the most challenging aspects of M&A is the valuation of goodwill. Goodwill is an intangible asset that is difficult to value, and its inclusion in the transaction can significantly impact the purchase price.
Harvard Corporate Governance
MARCH 21, 2023
Posted by Charles J. Clark, Gary Stein, and Craig S. Warkol, Schulte Roth & Zabel LLP, on Tuesday, March 21, 2023 Editor's Note: Charles J. Clark, Gary Stein , and Craig S. Warkol are Partners at Schulte Roth & Zabel LLP. This post is based on their SRZ memorandum. Related research from the Program on Corporate Governance includes Insider Trading via the Corporation (discussed on the Forum here ) by Jesse M.
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Mckinsey and Company
MARCH 21, 2023
Nuclear power can be an important part of the energy transition. Scaling the industry to meet increasing electricity demand will require leaders to mobilize quickly and efficiently.
Harvard Corporate Governance
MARCH 21, 2023
Posted by Lucian A. Bebchuk and Leo Strine Jr. , on Tuesday, March 21, 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. Leo E. Strine, Jr. is the Michael L. Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Cha
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.
Benzinga
MARCH 21, 2023
Education group Pearson PLC (NYSE: PSO ) agreed to sell Pearson Online Learning Services (POLS) to Regent , a private equity group, for a deferred sum. The business sale concludes the strategic review revealed in August 2022 and marks further progress in reshaping Pearson's portfolio centered around lifelong learning. Regent will pay Pearson 27.5% of POLS' positive Adjusted EBITDA each year.
ThomsonReuters
MARCH 21, 2023
It’s probably happened to you before. A client comes in to drop off all their tax prep information and stops to ask you a “quick question.” It’s a question that is easy for you to answer, but one that has nothing to do with the work you do for the client. You probably answered it without even giving it a second thought. But, what just happened was that you gave away your knowledge and expertise for free—expertise that you can and should be paid for when clients ask for advice t
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Business Wire M&A
MARCH 21, 2023
NEW YORK & SUBIACO, Western Australia--(BUSINESS WIRE)-- #IOT--Revenue and EBITDA positive Braiin is positioned for growth with solutions to improve farm productivity, crop yields, and sustainability
Reynolds Holding
MARCH 21, 2023
Corporate insiders engage in “shadow trading” when they use private information about their own firm to trade in the shares of economically connected companies such as suppliers, customers, or competitors. While legal scholars have long recognized that shadow trading can be profitable, SEC v. Panuwat (a recent case in which the head of business development at a pharmaceutical company traded in the stocks of a competitor) has reinvigorated the debate on the consequences of shadow trading and the
JPAbusiness
MARCH 21, 2023
If you are considering selling your business, answering ‘yes’ to the following 3 questions is a great start: Price – Is the price market related and does it reflect the value a willing buyer, under the circumstances of the sale transaction, will perceive as fair? Facts – Are the facts on the business or opportunity clear, unambiguous and relevant to the risks, issues and opportunities the risk-taking party will likely perceive in making the purchase?
Financial Times M&A
MARCH 21, 2023
US regional bank has been among the hardest hit in the fallout from Silicon Valley Bank’s collapse
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
Business Wire M&A
MARCH 21, 2023
PHOENIX & CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift") and U.S. Xpress Enterprises, Inc. (NYSE: USX) ("U.S. Xpress") today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs. The transaction has been unanimously approved by the Board of Directors of Knight-Swift and a Special Committee of the independent directors of the U.
Law 360 M&A
MARCH 21, 2023
A California federal judge has followed through on her promise to toss a "very scattershot" antitrust suit challenging Microsoft's $68.7 billion plan to buy Activision Blizzard, but she's giving the video game buyers another chance to amend their suit.
Business Wire M&A
MARCH 21, 2023
SOUTHFIELD, Mich.--(BUSINESS WIRE)--In its first acquisition of 2023, Atwell has acquired Blueline, a 75-person civil engineering, land planning, and landscape architecture firm based in Kirkland, Washington. Blueline has four offices throughout Washington and serves clients in commercial development, residential development, and public works. Terms of the transaction were not disclosed.
Law 360 M&A
MARCH 21, 2023
The anticipated sale of the Washington Commanders by Daniel Snyder, and the drama surrounding the team and its controversy-soaked owner, could reach a conclusion in time for the NFL owners' meeting next week in Phoenix. Here, Law360 looks at the main reported candidates — who they are, how they became who they are, and where their interest in owning the Commanders comes from.
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.
Financial Times M&A
MARCH 21, 2023
Plus, Credit Suisse bankers grapple with reality and Wirecard’s former boss brings start-up lingo to the courtroom
Mckinsey and Company
MARCH 21, 2023
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.
Law 360 M&A
MARCH 21, 2023
Viacom v. U.S. Specialty Insurance, and other recent cases, highlight the developing criteria for determining good faith participation in mediation, as well as several practical tips to establish such a record, says Richard Mason at MasonADR.
Business Wire M&A
MARCH 21, 2023
DENVER--(BUSINESS WIRE)--Homebot, an ASG home education portal that empowers consumers to make smart home finance decisions and facilitates meaningful engagement between loan officers, real estate agents and their clients, today announced its acquisition of Quo Finance (“Quo”), a mobile app that helps first time homebuyers secure their dream home and begin to build wealth.
ThomsonReuters
MARCH 21, 2023
In an increasingly competitive business world, the importance of showing gratitude and appreciation to staff members cannot be overstated. In fact, it can be used as a competitive advantage. This is especially true for accounting firms. Whether it’s during the long hours of tax season or just a typical work day, showing your staff you appreciate them can go a long way.
Norman Marks
MARCH 21, 2023
When I first became a chief audit executive (CAE), I did what pretty much everybody did: instituted a periodic process to follow-up the status of management action plans.
LaPorte
MARCH 21, 2023
(authored by RSM US LLP) Taxpayers intending to treat cash advances as debt for tax purpose should ensure the debt is properly documented, as illustrated by a recent ruling. The post Tax Court denies bad debt deduction; advances were equity and not debt first appeared on LaPorte.
Law 360 M&A
MARCH 21, 2023
UBS Group said Wednesday that it will buy back €2.75 billion ($3.38 billion) of bonds that it issued on Friday, two days before announcing that it would rescue Credit Suisse AG in a $3.2 billion takeover shepherded by Swiss regulators.
Auto Dealer Valuation Insights
MARCH 21, 2023
On January 1, 2021, Congress enacted the Corporate Transparency Act (the “CTA”) as part of the Anti-Money Laundering Act of 2020. The main purpose of the Corporate Transparency Act is to protect the United States financial system from being used for money laundering and other illicit activities. Effective January 1, 2024, the CTA requires a range of different entities to file a report with the U.S.
IBG Business
MARCH 21, 2023
Fi-Foil Company, Inc., a Florida-based provider of high-performance insulation systems, has purchased Kennedy Insulation Group. FiFoil Company is a portfolio business of Validor Capital. Terms of the sale were not disclosed at the parties’ requests. Established in Carthage, Missouri, in 2008 by Rick and Chris Kennedy, Kennedy Insulation Group is known nationally for its exclusive VerSola TM multi-layer reflective bubble insulation product, which FiFoil CEO Bill Lippy hailed as “highly complemen
Avanade
MARCH 21, 2023
Serving experiences targeted to specific moments within a journey relies on agile technology that can identify, measure, and activate on insights from multiple sources, then generate the right experience at the precise moment to resonate with the customer.
Benzinga
MARCH 21, 2023
Ducommun Inc (NYSE: DCO ) said it entered into a definitive securities purchase agreement to acquire BLR Aerospace LLC. The financial details of the transaction were not disclosed. BLR provides aerodynamic systems that enhance productivity, performance, and safety of rotary- and fixed-wing aircraft on commercial and. Full story available on Benzinga.
N Contracts
MARCH 21, 2023
The best risk assessments are built from research, analysis, experience and collaboration. That’s according to Monica Bolin, CERP, NCRM. She’s a former chief risk officer with over 30 years of banking experience. She’s also a risk management expert on the Ncontracts product and development team.
Benzinga
MARCH 21, 2023
Lucy Scientific Discovery Inc. (NASDAQ: LSDI ) has entered into a definitive asset purchase agreement with Wesana Health Holdings Inc. (OTCQB: WSNAF ). Lucy has agreed to acquire intellectual property and related assets for Wesana’s psilocybin and CBD combination investigational therapy, SANA-013 , and Wesana’s supply of psilocybin which is sufficient to complete all near-term clinical studies.
Benchmark Report
MARCH 21, 2023
Benchmark is pleased to announce the transaction between Asolva, Inc, and Harris Computer Systems, a Constellation Software Inc portfolio company. The transaction creates a strategic product expansion for their existing Healthcare companies.
Benzinga
MARCH 21, 2023
Knight-Swift Transportation Holdings Inc (NYSE: KNX ) has agreed to acquire U.S. Xpress Enterprises Inc (NYSE: USX ) for a total enterprise value of ~$808 million, excluding transaction costs. The total enterprise value represents Knight-Swift assuming USX's $484 million of outstanding debt and finance leases and purchasing its outstanding equity for $324 million, or $6.15 per share.
Business Wire M&A
MARCH 21, 2023
LONDRES--(BUSINESS WIRE)--Liberty Global plc (NASDAQ: LBTYA, LBTYB et LBTYK) a une filiale indirecte et entièrement détenue, Liberty Global Belgium Holding B.V., une société à responsabilité limitée constituée sous les lois des Pays-Bas (Liberty Global Belgium Holding).
Law 360 M&A
MARCH 21, 2023
Publishing company Pearson PLC said on Tuesday that it is selling its online program management business to Regent, a private equity company, in a deal steered by Freshfields Bruckhaus Deringer.
Gergory Caruso
MARCH 21, 2023
As a trustee of an ESOP company, it is important to understand the primary drivers of value. We call them People, Processes, Profits. While simple, if you always keep these factors in mind, it will help you make informed decisions on correctly pricing annual shares. Some details about these simple factors that can help you […] The post Determining the Share Value of an ESOP Company appeared first on The Art of Business Valuation.
Law 360 M&A
MARCH 21, 2023
French technology company Sopra Steria will acquire Dutch IT firm Ordina for approximately €518 million ($558 million) in cash to grow operations in the Benelux, the companies said Tuesday.
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