Harvard Corporate Governance

MAY 22, 2023

Posted by Saskia Kort-Chick, AllianceBernstein, on Monday, May 22, 2023 Editor's Note: Saskia Kort-Chick is a Senior Vice President and the Director of ESG Research and Engagement for Responsible Investing at AllianceBernstein. This post is based on her AllianceBernstein memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 306

Marketability 306

IVSC

MAY 22, 2023

Lim Hwee Hua Vice Chair of the IVSC Board of Trustees A trailblazer in Singapore's political scene, Mrs Lim Hwee Hua made history in 2009 as the nation's first female Cabinet Minister. With a career starting in 1997 as a Member of Parliament, she went on to hold significant positions including Deputy Speaker of Parliament, Minister of State for Finance and Transport, and eventually, a Minister in the Prime Minister’s Office.

Intangible Assets 130

Intangible Assets Finance Business Valuation Technology 130

Mckinsey and Company

MAY 22, 2023

The glow of the beauty industry has proved hard to resist, attracting many new companies and investors. Brands must make differentiating choices to find success in this shifting and increasingly competitive landscape.

Marketability 109

Marketability 109

Benzinga

MAY 22, 2023

Microsoft Corp.'s (NASDAQ: MSFT ) $69 billion bid to acquire Activision Blizzard Inc. (NASDAQ: ATVI ) received approval from China's State Administration , marking another milestone in the global regulatory process. This clearance, which was reported by Seeking Alpha and confirmed by IGN, was the latest addition to a group of 37 regulators that have approved the deal, the latest was the European Union.

Alpha 98

Alpha 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 22, 2023

The results of a survey from the McKinsey Health Institute shed light on the health perceptions and priorities of people aged 55 and older.

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107

Benzinga

MAY 22, 2023

Benchmark Company analyst Mike Hickey named Activision Blizzard Inc. (NASDAQ: ATVI ) as a top pick in the Entertainment & Digital Media sector and set a price target of $90. Benchmark Price Target: In regard to Microsoft Corp.'s (NASDAQ: MSFT ) proposed acquisition of Activision, Hickey said: "We think investors will either be rewarded with an approximate 21% upside to MSFT’s $95 bid or an approximate 15% upside to our FY23 $90 PT if the deal is abandoned.

Marketability 96

Marketability 96

Mckinsey and Company

MAY 22, 2023

But doing so will require the industry to step up.

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BV Specialists

MAY 22, 2023

If you are a business owner who manages multiple product or service lines, you may be structured as a consolidated company with multiple divisions. These affiliated or subsidiary operations roll up into the primary business for accounting purposes, which facilitates the requirements you have for tax and other reporting purposes. When it comes time to consider appraising any or all of these businesses, you will want to discuss the level of detail and depth you need to take to accomplish the task,

Debt Financing 75

Debt Financing Appraisal Banking Finance 75

Business Wire M&A

MAY 22, 2023

SAN RAMON, Calif. and DENVER, Colo.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron’s closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.

Enterprise Value 98

Enterprise Value 98

Law 360 M&A

MAY 22, 2023

The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project On Government Oversight.

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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

Business Wire M&A

MAY 22, 2023

COLUMBUS, Ohio & NEW ORLEANS--(BUSINESS WIRE)--Encova Mutual Insurance Group (“Encova Insurance”) and Pan American Life Insurance Company (“PALIC”) announced today that Encova Life Insurance Company (“Encova Life”), an affiliate of the Encova Mutual Insurance Group, will be acquired by and merged into PALIC.

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Law 360 M&A

MAY 22, 2023

Broadcast news station network Tegna announced Monday it was terminating its proposed merger with hedge fund Standard General, following the expiration of its financing package and a protracted fight with the Federal Communications Commission.

Finance 75

Finance 75

Business Wire M&A

MAY 22, 2023

PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe”) today announced it has entered into a definitive agreement with American International Group, Inc. (“AIG”), whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot (collectively, “Validus Re”).

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Law 360 M&A

MAY 22, 2023

A California federal judge has denied a preliminary injunction bid from video gamers trying to challenge Microsoft Corp.'s planned $68.7 billion purchase of Activision Blizzard Inc., finding they "have not met their burden to demonstrate an immediate threat of personal irreparable harm.

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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

Business Wire M&A

MAY 22, 2023

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com (Nasdaq: ALRM) announces that it has acquired EBS, a specialist in the design and manufacturing of smart communicators that are widely deployed in international markets. This acquisition amplifies Alarm.com's capabilities in delivering advanced security technologies across various international markets. EBS technology complements Alarm.com’s software solutions.

Technology 98

Technology Marketability 98

Law 360 M&A

MAY 22, 2023

Former college and professional basketball player Brian Davis on Monday asked a federal court for a temporary restraining order against Bank of America, adding the motion to his lawsuit that accuses the bank of withholding his bid for the Washington Commanders from owner Daniel Snyder, and of not acknowledging his $5.1 billion bank draft to support his offer.

Banking 75

Banking 75

Business Wire M&A

MAY 22, 2023

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced it has entered into a definitive agreement with Faurecia, a company of the FORVIA Group, to purchase two of Faurecia’s commercial vehicle manufacturing plants and their related activities for EUR142 million. The manufacturing facilities are located in Columbus, Indiana (U.S.), and Roermond, Netherlands.

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Law 360 M&A

MAY 22, 2023

One of Enad Global 7's largest shareholders is encouraging the board to explore strategic alternatives, including a sale, to boost the gaming company's lackluster stock, which it said in a letter Monday is among "the cheapest publicly traded gaming stocks in the world.

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Business Wire M&A

MAY 22, 2023

COLUMBUS, Ohio y NEW ORLEANS--(BUSINESS WIRE)--Encova Mutual Insurance Group (“Encova Insurance”) y Pan American Life Insurance Company (“PALIC”) anunciaron que Encova Life Insurance Company (“Encova Life”), una empresa afiliada de Encova Mutual Insurance Group, será adquirida y se fusionará con PALIC.

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Mckinsey and Company

MAY 22, 2023

With record high margins in 2022 pushing toward increasing market tightness, volatility, and potential long-term challenges, players can use this time as an opportunity to become more resilient.

Marketability 65

Marketability 65

Business Wire M&A

MAY 22, 2023

SANTA ANA, Calif.--(BUSINESS WIRE)-- #Acquisition--Anser Advisory, the 14th largest program management firm according to ENR, the second fastest growing AE firm according to Zweig Group, and an Energage Top Workplaces USA organization, is pleased to announce its acquisition of Gafcon Digital, the world’s leading software-agnostic systems digital model integrator for building and infrastructure owners.

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Mckinsey and Company

MAY 22, 2023

External shocks and uncertainty are the new normal for businesses. To build lasting resilience, organizations can start by reviewing how healthy they are.

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Financial Times M&A

MAY 22, 2023

Plus, Allen & Overy and Shearman & Sterling’s transatlantic pact and western banks’ China struggles

Banking 79

Banking 79

Butcher Joseph & Co.

MAY 22, 2023

ButcherJoseph & Co. Managing Director Jeff Buettner speaks with Crain's Chicago about current market conditions, the state of the mergers & acquisitio. The post Employee Stock Ownership Plans are Making a Comeback appeared first on ButcherJoseph & Co.

Marketability 59

Marketability 59

Financial Times M&A

MAY 22, 2023

Business of managing $31tn in US retail assets is shaken up as managers launch independent operations

Banking 79

Banking 79

Auto Dealer Valuation Insights

MAY 22, 2023

Can you guess who said the following? “[M]y long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.” No, that quote isn’t from some dear family member or close friend but.

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52

Financial Times M&A

MAY 22, 2023

Billionaire investor in groups from Royal Mail to Le Monde deploys coal and gas wealth to accelerate diversification drive

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Auto Dealer Valuation Insights

MAY 22, 2023

The oil and gas industry is dynamic and ever-evolving, and recent earnings calls have shed light on some key topics and debates among operators. As in prior quarters, shareholder returns took center stage during these discussions, with varying opinions emerging on the most effective method of returning capital. While some operators advocated for stock buybacks, others leaned towards dividends.

Dividends 52

Dividends 52

Financial Times M&A

MAY 22, 2023

Japanese group is paying significant premium as it seeks to quicken US expansion

Banking 81

Banking 81

Benzinga

MAY 22, 2023

Avrobio Inc (NASDAQ: AVRO ) agreed to sell its investigational hematopoietic stem cell (HSC) gene therapy program for cystinosis to Novartis AG (NYSE: NVS ) for $87.5 million in cash. Cystinosis is characterized by the accumulation of the amino acid cystine (a building block of proteins) within cells. Excess cystine damages cells and often. Full story available on Benzinga.

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Exit Strategy

MAY 22, 2023

When preparing to sell your Testing Laboratory using Key Performance Indicators (KPIs) can help to focus your efforts and resources in the right areas. While numerous KPIs exist, one metric that should be on the radar of all business owners in the testing laboratory industry is the Sales/Employee Ratio. Labor costs make up the largest […] The post A Key Performance Indicator to Improve the Results of your Testing Lab Exit appeared first on Exit Strategies Group, Inc.

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Benzinga

MAY 22, 2023

Ironwood Pharmaceuticals Inc (NASDAQ: IRWD ) has agreed to acquire VectivBio Holding AG (NASDAQ: VECT ) for $17.00 per share in an all-cash transaction with an estimated aggregate consideration of approximately $1 billion, net of VectivBio cash and debt. The acquisition price represents a premium of 80% relative to the volume-weighted average share price over the previous 90 trading days.

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Rhythm Systems

MAY 22, 2023

We have more tools for communication than ever before, yet somehow we can be left feeling more disconnected than ever. Powerful technology tools are designed to improve your company’s performance. Still, it’s easy to lose sight of the actual human beings using these tools, and our technology solutions can quickly devolve into chaos.

Technology 52

Technology 52

Benzinga

MAY 22, 2023

Earlier today, Concentra Biosciences , an affiliate of Tang Capital , sent an acquisition proposal to Atea Pharmaceuticals Inc (NASDAQ: AVIR ) at $5.75 per share , representing a 55% premium to Friday’s closing price, and a CVR representing the right to receive 80% of net proceeds payable from any license or disposition of Atea’s programs.

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