Mon.Jun 17, 2024

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Shareholder Activism by the Numbers

Harvard Corporate Governance

Posted by Andrew Freedman, Olshan Frome Wolosky LLP, on Monday, June 17, 2024 Editor's Note: Andrew Freedman is Co-Managing Partner and Chair of Shareholder Activism Practice at Olshan Frome Wolosky LLP. Shareholder activism in the U.S. has maintained the strong momentum it gained during the final few months of 2023, particularly in the micro-cap space.

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Six imperatives for credit unions to secure their future

Mckinsey and Company

Credit union members are aging, and young people tend to see these institutions less favorably than their elders do. Here are six strategies for bringing in younger members to weather the years ahead.

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Economic Budgeting for Endowment-Dependent Universities

Harvard Corporate Governance

Posted by John Y. Campbell, Jeremy C. Stein, and Alex A. Wu (Harvard University), on Monday, June 17, 2024 Editor's Note: John Y. Campbell is the Morton L. and Carole S. Olshan Professor of Economics, Jeremy C. Stein is the Moise Y. Safra Professor of Economics, and Alex A. Wu is a Doctoral Student in the Business Economics program at Harvard University.

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Hertz Warrant Holder Sues In Chancery For Contract Breach

Law 360 M&A

Two investment affiliates of Discovery Capital Management LP sued Hertz Global Holdings Inc. in Delaware's Court of Chancery, alleging willful failure to redeem warrants issued in 2021 as part of the company's Chapter 11 and demanding at least $187 million plus interest.

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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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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Lindsey

Appraisers Blog

In reply to Mark Hastert. It’s really cute you have hope on our government. Ain’t gonna happen though. Our government is more worthless than t**s on a bull. I know, I worked for Social Security. Boy do they waste money!

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DBS Equity Capital Markets Head Art Karoonyavanich On A Decade Of Growth

Global Finance

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. The Investment Banking unit, which sits within DBS’ newly formed Global Financial Markets group, has already marked a stellar year, further solidifying the bank’s capital markets presence in key regions like Singapore, mainland China, Hong Kong, In

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Business Valuation: Which Methodology Works Best for Your Company?

BV Specialists

The type of small business you own and its operating history will largely dictate how a certified valuation analyst (CVA) will approach appraising your company. The industry-accepted methodologies considered and ultimately relied upon will play a material role in determining its overall value. Here are a couple of examples: Scenario 1: If your business has been established for several years in a competitive industry and has shown steady revenues with modest levels of annual growth, then it’s lik

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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Julie

Appraisers Blog

In reply to Clairene Mraz-Buonaiuto. I am really wondering of there is some sort of Disclosure that is being provided to the consumer that their personal photos are going to be fed into this AI and shared with who knows who? I am often asked who will see these photos? I feel like WE as appraisers need to disclose that we have ZERO control over where their personal photos are ending up. – I have been thinking about how to word another disclaimer in my reports on this topic.

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The ‘inside out’ leadership journey: How personal growth creates the path to success

Mckinsey and Company

In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.

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Comment on The Illogical Reality of Mortgage Appraisal Reviews  by Howard Wettreich

Appraisers Blog

One question that I have as an appraiser regarding appraisal review is, how does CU or unlicensed reviewers deal with reviewing the adjustment grid? That’s an area where many errors can be found, or unexplained adjustments might occur. Does CU or the unlicensed reviewer know what to look for or know what questions to ask? Do they perform an analysis to verify the information or produce a verified contrary opinion?

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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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Unlocking the Potential: Strategies for Effective Business Acquisitions in Mergers and Acquisitions

Sun Acquisitions

Business photo created by jannoon028 – www.freepik.com Mergers and acquisitions (M&A) have become powerful tools for companies aiming to expand their market presence, gain competitive advantages, or achieve synergies. However, the success of an acquisition lies not only in the execution but in the strategic planning that precedes it. Unlocking the potential of business acquisitions requires a comprehensive approach and a deep understanding of the intricacies of M&A transactions.

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Comment on Exposing Predatory AMCs by Baggins

Appraisers Blog

In reply to Pray Hard. No, customary and reasonable fees is not communism. C&R is the market rate in a free market not manipulated by people not actually performing the services. Like when you call any independent provider of services anywhere, they provide you their best possible quote for the quality and level of service performed. Take a survey of ten or a hundred or so similar contractors, kick out the outliers and skewed data points, and that average of service fees would be the market

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Milbank Snags FTC Competition Trial Chief For DC Office

Law 360 M&A

Milbank LLP announced Monday it has hired the chief trial counsel for the Federal Trade Commission's Bureau of Competition, bulking up its Washington, D.C., antitrust and competition practice with a veteran litigator who led the government's challenge to Microsoft Corp.'s $69 billion acquisition of Activision Blizzard.

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Comment on Exposing Predatory AMCs by Eric Kennedy

Appraisers Blog

In reply to AppraisersBlogs Team. RE Appraisers Forum is on FB, FB blocked it, not them. I shared your FB post there and it went through. Would seem FB has flagged this article. They will let it slide but they are surely slowing down the spread.

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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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Primo Water, BlueTriton All-Stock Merger Creates Water Giant

Law 360 M&A

Primo Water Corp., the parent company of popular water brands such as Alhambra and Crystal Springs, on Monday announced plans to merge with the parent company of water brands Poland Spring and Arrowhead, BlueTriton Brands Inc., in an all-stock deal built by five law firms that is meant to create a North American water giant.

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Comment on Exposing Predatory AMCs by Baggins

Appraisers Blog

In reply to Pray Hard. Please allow me to help you simplify the process. What’s your fee and turn time? How much was the consumer charged? You need to bid on this order for a chance to be assigned the order. I only work with companies whom assign the order directly to me and me alone at a reasonable standard and consistent billing rate. Because when you get lender clients whom operate that way, so many of those other problems you’re dealing with become few and far between.

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5 Reasons Your Financial Projections Are Wrong

Auto Dealer Valuation Insights

Today, we highlight a post written by Travis Harms back in 2019 that focuses on financial projections and the biases that contribute to overly optimistic forecasts. The inspiration for this blog came from Daniel Kahneman, author of Thinking, Fast and Slow and a man whose research in behavioral science changed our understanding of how people think and make decisions.

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Comment on The Illogical Reality of Mortgage Appraisal Reviews  by Baggins

Appraisers Blog

In reply to Howard Wettreich. Comparing the peer model database against applied adjustments is how they created a virtual appraiser reviewer they presumed would be as reliable as a human licensed appraiser performing manually time intensive reviews. On the input side there is an excess of appraisers cutting corners and using automation to generate the report data, courtesy of the discount amc model.

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Inside Antitrust Agencies' Rollup And Serial Acquisition Moves

Law 360 M&A

The recent request for public comments on serial acquisitions and rollup strategies from the Federal Trade Commission and U.S. Justice Department mark the antitrust agencies' continued focus on actions that fall below premerger reporting thresholds, say attorneys at Paul Weiss.

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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Mark Hastert

Appraisers Blog

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants thanks to Fannie & Freddie.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Proposed amendments to Delaware's General Corporation Law that were prompted by several recent Chancery Court rulings sailed through the state Senate last week despite loud opposition from corporate law professors and other Chancery Court watchers, and Tesla shareholders filed two new suits against CEO Elon Musk.

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Comment on Exposing Predatory AMCs by AppraisersBlogs Team

Appraisers Blog

In reply to Erick Kennedy on Facebook. It’s troubling to think that a forum ostensibly meant to serve and support appraisers would actively suppress content that aims to shed light on the predatory tactics of AMCs – the very entities that have long been accused of unfairly driving down fees, imposing unrealistic deadlines, and interfering with appraisers’ ability to do their jobs with integrity.

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Ares, Searchlight-Led Group Plugs £500M Into RSK Group

Law 360 M&A

British sustainability company RSK Group Ltd., advised by Travers Smith LLP, on Monday announced that it is set to receive a £500 million ($634.5 million) preferred equity investment from a group led by private equity firms Willkie Farr & Gallagher LLP-led Searchlight Capital Partners LP and Dechert LLP-led Ares Management Corp., which will be used to fund growth initiatives.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by Gary Eddy

Appraisers Blog

The U.S. government impoverishes homebuyers as it does the chronically ill – by promoting the use of middlemen who prey upon them.

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FTC Says Hospital Won't Fail Without Novant Buyout

Law 360 M&A

The Federal Trade Commission is pushing back against claims that North Carolina's Lake Norman Regional Medical Center will fail if the agency halts its acquisition by Novant Health, telling the Fourth Circuit that the hospital is, in fact, profitable and stable.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by Retired Appraiser

Appraisers Blog

The U.S. government impoverishes homebuyers as it does the chronically ill – by promoting the use of middlemen who prey upon them.

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Manage Risks to Increase Business Value

Gergory Caruso

At the highest level, business value is simple. The formula is: Business value = Forecast Future Cash Flow / Risk In business valuation risk is the likelihood of achieving the forecasted cash flow in the future. Risks come from many angles and chip away at profitability and value. A few risks, but certainly not all […] The post Manage Risks to Increase Business Value appeared first on The Art of Business Valuation.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by steve

Appraisers Blog

The U.S. government impoverishes homebuyers as it does the chronically ill – by promoting the use of middlemen who prey upon them.

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King & Spalding Repping IQVentures On $504M Aaron's Buy

Law 360 M&A

King & Spalding LLP-repped IQVentures Holdings has agreed to purchase Atlanta-based lease-to-own provider The Aaron's Co. Inc., represented by Jones Day, at an enterprise value of about $504 million, Aaron's said in a Monday statement.

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Comment on Exposing Predatory AMCs by Erick Kennedy on Facebook

Appraisers Blog

Exposing the inner workings of these predatory AMCs (Appraisal Management Companies) and their corrosive influence on the housing market.

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Think Like A Lawyer: Always Be Closing

Law 360 M&A

When a lawyer presents their case with the right propulsive structure throughout trial, there is little need for further argument after the close of evidence — and in fact, rehashing it all may test jurors’ patience — so attorneys should consider other strategies for closing arguments, says Luke Andrews at Poole Huffman.

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Comment on Exposing Predatory AMCs by AppraisersBlogs Team

Appraisers Blog

Exposing the inner workings of these predatory AMCs (Appraisal Management Companies) and their corrosive influence on the housing market.

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Why Lease-To-Own Retailer Aaron's Shares Are Surging Today

Benzinga

Aaron’s Company, Inc. (NYSE: AAN ) shares are surging after the lease-to-own retailer entered into a definitive agreement to be acquired by the fintech organization IQVentures Holdings, LLC. IQVentures will acquire the company for $10.10 per share in cash, or an enterprise value of approximately $504 million. The price represents a premium of 34.0% over the company’s closing share.

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Business Valuation for Buying a Painting Business

Peak Business Valuation

Are you a skilled painter looking to reap the benefits of entrepreneurship? Consider buying a painting business ! As home improvement trends and new construction activity continue, we can expect demand for painting services to rise. As such, now is a great time to enter the painting industry. If you plan to purchase a painting business, it is essential to receive a business valuation for buying a painting business.