Tue.Mar 14, 2023

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Russell 3000 Boards Becoming More Diverse

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Tuesday, March 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. This post is based on an ISS Corporate Solutions memorandum by Paul Hodgson, Senior Editor; Aditi Aier, Senior Associate; and Carmen Luk, Senior Associate at ISS Corporate Solutions.

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Waldencast Eyes Major Stake In Its Southeast Asia Distributor To Accelerate Strategic Growth

Benzinga

Beauty and wellness company Waldencast PLC (NASDAQ: WALD ) said it signed a binding letter of intent to acquire a 60% controlling interest in a newly formed entity to be comprised of the business of its Southeast Asia (SEA) distributor. The letter of intent. Full story available on Benzinga.

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On the Debate Regarding ESG, Stakeholder Governance, and Corporate Purpose

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, March 14, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, Adam O. Emmerich , Kevin S.

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TransDigm Ramps Up Aftermarket-Focused Aerospace & Defense Testing Services Via Calspan Deal

Benzinga

TransDigm Group Inc (NYSE: TDG ) has agreed to acquire Calspan Corporation, a Buffalo, New York-based provider of highly engineered testing and technology development services and systems. Financial terms were not disclosed. Calspan operates from seven facilities across the states. Full story available on Benzinga.

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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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Apollo Funds Taking Univar Solutions Private In $8.1B Deal

Law 360 M&A

Funds managed by affiliates of Apollo Global Management Inc. have agreed to buy chemical and ingredient distributor Univar Solutions Inc. in a deal announced Tuesday that will take the company private at an $8.1 billion enterprise value.

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Was Silicon Valley Bank a failure of risk management?

Norman Marks

I have seen some unfortunate postings on social media and in the news. Self-appointed experts telling us what happened, why, and whose fault it was. There’s a political battle going on as well, with people blaming federal government administrations, regulators, and so on. I’m not going to get into that.

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Lessons in leadership: Leaning into ambiguity

Mckinsey and Company

Judith Persichilli was confirmed as New Jersey’s Commissioner of Health shortly before the COVID-19 pandemic. She recently sat down with McKinsey to share her insights on leading through crisis and ambiguity.

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Splio Acquires Tinyclues to Become the European Leader in AI-powered CRM

Business Wire M&A

PARIS--(BUSINESS WIRE)-- #AI--Splio acquires Tinyclues to become the European leader in AI-powered CRM

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Driving growth through consumer centricity in healthcare

Mckinsey and Company

Providing consumers with the experiences they increasingly expect and demand at every stage of the healthcare journey could substantially improve care and cost outcomes.

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Cvent To Be Acquired By Blackstone in $4.6 Billion Transaction

Business Wire M&A

TYSONS, Va.--(BUSINESS WIRE) - $CVT #MarTech--Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion.

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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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The McKinsey Crossword: Four-Letter Award | No. 119

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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TMA Systems Acquires Maxpanda

Business Wire M&A

TULSA, Okla.--(BUSINESS WIRE)--TMA Systems, a US-based leader and developer of Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS), today announced the acquisition of Maxpanda, a cloud-based CMMS software company serving small to medium-sized businesses (SMBs). Founded in 2011 in Winnipeg, Canada, Maxpanda is a great fit for SMBs seeking maintenance management capabilities.

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What To Expect From A Litigation Finance Industry Recession

Law 360 M&A

There's little data on how litigation finance would fare in a recession, but a look at stakeholders' incentives suggests corporate demand for litigation finance would increase in a recessionary environment, while the number of funders could shrink, says Matthew Oxman at LexShares.

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Trinity Hunt Partners Announces Strategic Investment in Supreme Optimization

Business Wire M&A

DALLAS--(BUSINESS WIRE)--Trinity Hunt Partners, a growth-oriented private equity firm focused on services businesses, is pleased to announce a majority investment in Supreme Optimization, a digital marketing agency focused exclusively on life sciences. Supreme was founded in 2015 and has grown rapidly to become a thought leader in the life sciences marketing space.

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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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SEC Fines IT Giant DXC $8M For Non-GAAP Accounting Flaws

Law 360 M&A

DXC Technology Co. on Tuesday agreed to pay $8 million to settle U.S. Securities and Exchange Commission claims that the information technology company made misleading disclosures about certain financial performance metrics from 2018 to 2020.

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Southern Glazer’s Wine & Spirits Announces Acquisition of WEBB Banks

Business Wire M&A

MIAMI & DALLAS--(BUSINESS WIRE)-- #caribbean--Southern Glazer's Wine & Spirits announced plans to acquire Miami-based WEBB Banks, expanding its presence in the Pan-Caribbean market.

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Use our Risk Register Template to manage risk in your business

JPAbusiness

Every business, regardless of industry and size, faces risk, and each of these risks has the potential to have a positive or negative effect on a business. From experience, we’ve identified that some of the most successful business owners are in fact astute risk managers – they systematically apply methods and practices to identify risks and mitigate them, which helps the business take advantage of upside risks and protect against potential downsides.

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Scale Microgrids Acquires over 100 Megawatts of Community Solar Projects

Business Wire M&A

RIDGEWOOD, N.J.--(BUSINESS WIRE)--Scale Microgrids (“Scale”) recently announced they will acquire from CSG-Gutami more than 100 megawatts of New York community solar projects in late stage development which Scale will construct, own and operate. The deal with Gutami, a Netherlands-based global clean energy developer, is part of Scale’s rapidly growing pipeline that is helping New York hit its mandated goal of a zero-emissions electricity sector by 2040.

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Business news to watch in 2023

Mckinsey and Company

As 2023 unfolds, many feel that it’s Asia’s time to lead. What are the business news stories leaders should look out for in the year ahead?

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Microsoft Azure migration: Measure twice, fix many – move once

Avanade

Three ways to avoid the risks and increase the benefits of migrating to the cloud

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Why pay for a tax research tool

ThomsonReuters

Checkpoint Edge is an AI-powered tax and accounting research tool that allows you to search for up-to-date information on what needs to get done, how it should be approached, how it needs to be documented, and the review process. When clients call, they expect you to have the answers. Rather than hiring and waiting for information back from outside consultants or risking misinformation from junior staff, go straight to where over six hundred expert contributors have authored millions of pieces o

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Driving growth in consumer goods through programmatic M&A

Mckinsey and Company

Companies that take a programmatic approach to M&A deals outperform their peers, but this strategy requires differentiated capabilities and effective execution.

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Tax-exempt organizations: Clean energy incentives and direct pay

LaPorte

(authored by RSM US LLP) The IRA enables tax exempt entities to realize liquidity for certain energy related credits and incentives. The post Tax-exempt organizations: Clean energy incentives and direct pay first appeared on LaPorte.

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How Data Brokerage Hits You Financially

Financial Analyst Insider

Are you familiar with the concept of data brokerage? This industry has been around in some guise for decades, though the digital revolution has seen The post How Data Brokerage Hits You Financially appeared first on Financial Analyst Insider.

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SVB and Three Family Business Lessons

Auto Dealer Valuation Insights

In case you have been on an exotic vacation in a remote location, Silicon Valley Bank (SVB) imploded last week in a “gradually, then suddenly” fashion. Regulators stepped in quickly and aggressively, promising to back up deposits at the bank of the VC world and stave off a contagion of fear at other banks. And while the body was still warm, politicians stepped in and dusted off their 2008 talking.

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Why Tremor International Shares Are Trading Higher Today

Benzinga

Tremor International Ltd (NASDAQ: TRMR ) attracted several inquiries from prospective bidders. Tremor's board had asked bankers at Goldman Sachs to review its options and evaluate a fair price for a formal offer, Sky News reports. The update comes a year after the withdrawal of a 900p-a-share takeover offer by a U.S. buyout firm. Full story available on Benzinga.

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Norton Rose Fulbright Hires PwC M&A Partner In Australia

Law 360 M&A

Norton Rose Fulbright announced on Tuesday that it has hired a former private equity partner from PricewaterhouseCoopers for its corporate mergers and acquisitions team in Australia.

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Online Data Analytics Boot Camps and Skills You Can Learn from Them

Financial Analyst Insider

Data analytics has grown in popularity as a career skill in recent years. Organizations across all industries are leveraging data to make informed decisions, and The post Online Data Analytics Boot Camps and Skills You Can Learn from Them appeared first on Financial Analyst Insider.

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Second Circuit Reaffirms Association Rules are Concerted Conduct Subject to Section 1

Mogin Rubin M&A

Photo by Nathan Rogers on Unsplash On March 7, 2023, the Second Circuit U.S. Court of Appeals revived an antitrust lawsuit brought by Relevant Sports LLC (“Relevant”), a soccer promoter, against FIFA and the United States Soccer Federation (the “USSF”). In doing so, the Second Circuit reaffirmed longstanding antitrust law that a rule enacted by an association that governs member conduct is concerted activity subject to Section 1 of the Sherman Act.

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Why SurveyMonkey Parent Momentive Global Shares Are Trading Higher Today?

Benzinga

A consortium led by Symphony Technology Group agreed to snap SurveyMonkey parent Momentive Global Inc (NASDAQ: MNTV ) in a transaction worth $1.5 billion. Momentive shareholders will receive $9.46 per share, representing a premium of 46% to the company's closing stock price on the day before media rumors regarding Full story available on Benzinga.

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IAA Announces Stockholder Approval of Merger Agreement with Ritchie Bros.

Business Wire M&A

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) (“the Company”) today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash acquisition of the Company by Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“Ritchie Bros.”) at the Special Meeting of IAA Stockholders held earlier today.

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These Analysts Boost Price Targets On Seagen Following Acquisition News

Benzinga

Pfizer Inc (NYSE: PFE ) agreed to acquire Seagen Inc (NASDAQ: SGEN ) for $229 in cash per Seagen share for a total enterprise value of $43 billion. Seagen shares jumped 14.5% to close at $197.65 on Monday. These analysts made changes to their price targets on Seagen following. Full story available on Benzinga.

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Agriculture Energy Efficiency Rebate Program for PA Farmers

Trout CPA

If you are a Pennsylvania farmer or agricultural business owner, you may be eligible for the DEP Agriculture Energy Efficiency Rebate program. This program is designed to help farmers and businesses reduce energy consumption and save money on their utility bills. Rebates of up to $5,000 per applicant are offered on a first-come, first-served basis as long as funding is available through June 30, 2023.

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Splio acquisisce Tinyclues e diventa la prima piattaforma CRM intelligente potenziata dal Deep Learning (IA)

Business Wire M&A

MILANO--(BUSINESS WIRE)-- #AI--Splio, specialista del CRM e proprietario della piattaforma SaaS di Individuation® Marketing, è molto orgogliosa di annunciare l'acquisizione di Tinyclues, lo specialista del marketing predittivo nel SaaS, basato sul Deep Learning. Questa acquisizione concretizza l'ambizione comune di permettere ai marchi di orchestrare un marketing iper-personalizzato semplice e su larga scala.