Harvard Corporate Governance

MAY 26, 2023

Posted by Jonathan H. Gaines, David S. Rosenthal, and Christopher Soares, Dechert LLP, on Friday, May 26, 2023 Editor's Note: Jonathan H. Gaines and David S. Rosenthal are Partners and Christopher Soares is an Associate at Dechert LLP. This post is based on their Dechert memorandum. Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; The Law and Economics of Blockholder Disclosure (

Equity 242

Equity 242

Mckinsey and Company

MAY 26, 2023

Redesigning care models through intentional delegation and potential tech enablement can free up nurses’ time.

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Harvard Corporate Governance

MAY 26, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 26, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 19-25, 2023 Investment Stewardship 2022 Annual Report Posted by John Galloway, Vanguard, Inc., on Friday, May 19, 2023 Tags: Board of Directors , Executive Compensation , Investment Stewardship , Risk , Shareholder activism , strategy Remarks by Chair Gensler before the Inaugural Conference on Emerging

Equity 187

Equity Technology Banking Marketability 187

Benzinga

MAY 26, 2023

Bunge Ltd (NYSE: BG ) and Glencore Plc's (OTC: GLNCY ) Viterra grains division reportedly discuss a merger. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms, reported Reuters , citing a person familiar. Full story available on Benzinga.

Equity 98

Equity Marketability 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

Mckinsey and Company

MAY 26, 2023

When it comes to implementing large-scale organizational change, the most successful organizations commit themselves fully to the effort from start to finish.

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Law 360 M&A

MAY 26, 2023

Mayer Brown's New York staff is close to wrapping up its second annual mentorship program, where they pair an attorney and a non-attorney staff member with a young person to offer career guidance as part of its partnership with Children's Village.

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Mckinsey and Company

MAY 26, 2023

Vietnamese consumers remain optimistic about the economy despite challenges, and are driving premium purchases even as they seek better value.

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Appraisers Blog

MAY 26, 2023

It gets better. Because when you can’t actually pull off detailed comprehensive descriptions and analysis of market value conditions associated with real property, just ask chat gpt your inquiry question and let the artificial intelligence fill out the appraisal report. Dustin beat me to it, of course he did. Because if there is a way to game the system and cheat other people out of their hard working efforts, that guy will find a way.

Technology 83

Technology Appraisal Start-ups Marketability 83

Mckinsey and Company

MAY 26, 2023

Survey respondents reporting increased ESG impact say their organizations focus on both protecting and creating value.

Corporate Finance 104

Corporate Finance Finance 104

Law 360 M&A

MAY 26, 2023

When a California federal judge sanctioned Google earlier this year for deleting internal chats, federal antitrust enforcers took the opportunity to remind companies that discovery obligations for government merger and conduct investigations don't end with email.

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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

Peak Business Valuation

MAY 26, 2023

Right now, the restaurant industry is experiencing a period of growth, resulting in numerous transactions within the market. This favorable climate presents an opportunity for those looking to buy , sell , or expand their restaurant business. However, securing funding for such endeavors can prove to be challenging. Fortunately, SBA loans specifically tailored for restaurant businesses can be a useful resource.

Finance 52

Finance Business Valuation Appraisal Marketability 52

Law 360 M&A

MAY 26, 2023

Attorneys for former CBS Corp. stockholders are seeking more than $45 million in fees for their work on a $167.5 million settlement to end class litigation over alleged damages arising from the company's $30 billion merger in 2019 with Viacom Inc., the attorneys told the Delaware Chancery Court in a stipulation filed Friday.

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Auto Dealer Valuation Insights

MAY 26, 2023

Selling the business you built from the ground up is a bittersweet experience. Many business owners focus their efforts on growing their business and push planning for their eventual exit aside until it can’t be ignored any longer. While this delay may only prove mildly detrimental to deal proceeds in other industries, in the investment management space, very few buyers will be interested in YOUR.

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Law 360 M&A

MAY 26, 2023

Shareholder activism campaigns seem to come in bunches, and there's been more than a bunch this month, with companies including Yelp, Goodyear, Illumina and Freshpet among those under attack. Here, Law360 breaks down some of May's key activist investor drives, most of which have been filled with tension and are still ongoing.

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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

Audit Board

MAY 26, 2023

In our Spotlight on Success series, Rob Zunt, VP of Internal Audit and Bambi Gifford, Manager of Internal Audit at U.S. Xpress , share how they leverage AuditBoard’s connected risk platform across multiple teams to gain visibility into risk across the business. Headquartered in Chattanooga, Tennessee, U.S. Xpress is the fifth-largest asset-based trucking company in the United States, providing a vital link in the supply chain with a portfolio of capacity solutions including an established Dedica

Start-ups 52

Start-ups Compliance 52

Law 360 M&A

MAY 26, 2023

The Federal Trade Commission is seeking to block Amgen's acquisition of Horizon, alleging that, if consummated, the deal would violate Section 7 of the Clayton Act — but this may be the first merger complaint in a generation that could be dismissed for failing to state a claim, say William MacLeod and David Evans at Kelley Drye.

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Benzinga

MAY 26, 2023

Pure Extracts Technologies Corp. (OTCPK:PRXTF) (CSE:PULL) (XFRA:A2QJAJ) has entered into a definitive business combination agreement dated May 1, 2023 with PL Healthcare Management Ltd. and 1411062 B.C. Ltd. ("subco"), a wholly-owned subsidiary of the company, pursuant to which the company will acquire all of the issued and outstanding shares of PLM.

Technology 52

Technology Marketability 52

Law 360 M&A

MAY 26, 2023

A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Cooley LLP and Latham & Watkins LLP.

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Benchmark Report

MAY 26, 2023

No matter what business you are in, we all know that life becomes much easier when we have our finances in order. Whether preparing for Tax season, doing an audit, or ensuring that your business is operating at its highest potential, having accountable financials is vital. This becomes especially true when you are trying to sell your business. Not only do your financials need to make sense to you, but they need to be as attractive as possible to potential buyers.

Finance 52

Finance 52

Law 360 M&A

MAY 26, 2023

The past week in London has seen the U.K.'s former health secretary Matt Hancock sued for libel by a Reclaim Party MP, a London housing developer build a claim against law firm Eversheds Sutherland, and F1 team McLaren start its engines in legal proceedings against its Swedish sponsor. Here, Law360 looks at these and other new claims in the U.K.

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Benzinga

MAY 26, 2023

ConocoPhillips (NYSE: COP ) disclosed exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies SE (NYSE: TTE ) TotalEnergies EP Canada Ltd for approximately $3 billion (C$4 billion) and contingent payments of up to roughly $325 million (C$440 million). ConocoPhillips currently holds a 50% interest as the operator of Surmont and will own.

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Law 360 M&A

MAY 26, 2023

Microsoft's appeal of an order from Britain's competition enforcer blocking its planned $68.7 billion takeover of Activision Blizzard will focus on the makeup of the cloud gaming market and its commitment to keep providing games to rivals, according to a summary published Friday.

Marketability 74

Marketability 74

Merrimack Business Appraisers

MAY 26, 2023

A question I am asked frequently is: Can this business be valued? I have written multiple blogs recently on various scenarios including: Then I realized there is another category of business: businesses that are worth more closed than continuing to operate. This does not necessarily mean the business is not profitable. The business is typically […] The post Wait, there’s more.

Appraisal 52

Appraisal 52

Law 360 M&A

MAY 26, 2023

EnBW Energie Baden-Württemberg AG, a German energy supply company, on Friday announced that it sold a nearly 25% minority stake in TransnetBW, its subsidiary and the transmission system operator, to a consortium of buyers that includes more than 30 banks, insurance companies and corporations.

Banking 52

Banking 52

Peak Business Valuation

MAY 26, 2023

Due to increased housing starts and growing disposable income, the lumber and building material store industry is experiencing healthy growth. As disposable income continues to rise, we may see an increase in home improvement activities. This could boost the demand for lumber and building material stores. However, this industry faces intense competition from home improvement retailers.

Business Valuation 52

Business Valuation Appraisal Fair Market Value EBITDA 52

Benzinga

MAY 26, 2023

Thursday, Medtronic Plc (NYSE: MDT ) agreed to acquire Korea-based EOflow Co Ltd, manufacturer of the EOPatch device — a tubeless, wearable, and fully disposable insulin delivery device. The total consideration would be KRW 971 billion ($738 million). William Blair writes that the announcement is not expected to impact Insulet Corporation (NASDAQ: PODD ) in the near and medium term.

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Business Wire M&A

MAY 26, 2023

ATLANTA--(BUSINESS WIRE)--Sisecam Resources LP (“Partnership” or “Sisecam”) (NYSE: SIRE) and Sisecam Chemicals Resources LLC (“SCR”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated as of February 1, 2023 (the “Agreement”) by and among the Partnership, Sisecam Chemicals Newco LLC, Sisecam Resource Partners LLC, and Sisecam Chemicals Wyoming LLC (“SCW”), a wholly-owned subsidiary of SCR, was completed on May 26, 2023.

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Financial Times M&A

MAY 26, 2023

Diversified SSE powers on despite the energy crisis

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Law 360 M&A

MAY 26, 2023

In this week's Taxation with Representation, Stratasys merges with Desktop Metal, Mizuho Financial Group buys out Greenhill & Co., and AIG makes a sale to RenaissanceRe Holdings.

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Benzinga

MAY 26, 2023

NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) -- Wave Sync Corp. (the "Company" or "Wave") (OTC: WAYS ), today announced that it has entered into a letter of intent (the "LOI") with Aiways Pacific Asia Inc., a target company (the "Target Company"), for a potential business combination (the "Acquisition"). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Acquisition.

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Law 360 M&A

MAY 26, 2023

Eastman Chemical Resins Inc. has agreed to pay $2.4 million to settle allegations that its Pennsylvania manufacturing facility — purchased in a $1 billion acquisition by U.K.-based manufacturer Synthomer last year — engaged in "chronic" Clean Water Act violations, including excessive discharge of pollutants into the Monongahela River, according to the U.S.

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Business Wire M&A

MAY 26, 2023

HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 fourth quarter, ended March 26, 2023. Fourth-Quarter and Full Fiscal Year 2023 Financial Highlights (all from continuing operations): Fiscal year 2023 revenues increased by 8% and gross profit grew by 17%; fiscal 2023 revenues of $452 million, within guidance range Fiscal year 2023 net loss of $4.

EBITDA 52

EBITDA Technology 52

Law 360 M&A

MAY 26, 2023

ConocoPhillips will pay $3 billion to purchase the remaining 50% interest in the Surmont Canadian oil site, currently owned by TotalEnergies petroleum company, possibly terminating a previously announced deal between TotalEnergies and Suncor Energy.

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Benzinga

MAY 26, 2023

Chicago, May 26, 2023 (GLOBE NEWSWIRE) -- The global Physical Security Market size is expected to grow from USD 102.7 billion in 2021 to USD 140.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.4% from 2021 to 2026, according to a new report by MarketsandMarkets™ Physical security provides various benefits such as security from breach, etc.

Marketability 40

Marketability Finance 40