Harvard Corporate Governance

MAY 24, 2023

Posted by Alex Edmans (London Business School), Caroline Flammer (Columbia University), and Simon Glossner (Federal Reserve Board), on Wednesday, May 24, 2023 Editor's Note: Alex Edmans is a Professor of Finance, Academic Director, Centre for Corporate Governance at London Business School, Caroline Flammer is a Professor of International and Public Affairs and of Climate at Columbia University, and Simon Glossner an Economist at the Federal Reserve Board in the Research and Statistics Division.

Equity 261

Equity Finance 261

Benzinga

MAY 24, 2023

Cann American Corp. (OTCPK: CNNA ), a holding company specializing in the development of alternative therapeutics, recently finalized its acquisition of Liberty Health Plus , marking a significant milestone for the company. In addition to the completion of the acquisition, the company announced the appointment of Michael Kramer, founder of Liberty Health Plus, to its board of directors.

Marketability 98

Marketability 98

Business Wire M&A

MAY 24, 2023

EDMONTON, Ky. & GALLATIN, Tenn.--(BUSINESS WIRE)--Edmonton State Bank, a subsidiary of Edmonton Bancshares, Inc., and Sumner Bank & Trust, a Gallatin, Tennessee based bank which is a subsidiary of Sumner Financial Corporation, have announced an agreement to merge. The merger of Sumner Bank & Trust will add three new offices to Edmonton State Bank’s existing fifteen-branch network.

Banking 97

Banking 97

Appraisers Blog

MAY 24, 2023

In reply to Fed up. I know what Tidewater is. As to the frequency they fail to provide support, it depends. The point is that it is a routine and accepted (by VA) disclosure of contract amount and an additional opportunity for involved parties to provide any information they may have failed to provide before.

Appraisal 98

Appraisal 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 24, 2023

Fintech in the Middle East and North Africa is burgeoning, thanks to funding increases and revised licensing regimes. Sustaining growth will require concerted effort by businesses and governments.

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Appraisers Blog

MAY 24, 2023

In reply to Joseph Stachow Jr. Price relations in appraisal reporting is one of the more sophisticated and complex skills an appraiser picks up over time. Geesh, and lenders jump on that like nobodies business if you dare mention a price search filter, even if there is no way this is biased, like a $100k margin on either side, still have to avoid that method.

Appraisal 98

Appraisal Marketability 98

Financial Times M&A

MAY 24, 2023

Plus, Swedish games group Embracer gets burnt by a failed partnership and Alphaville goes behind the scenes of a Caribbean website’s Credit Suisse scoop

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Appraisers Blog

MAY 24, 2023

In reply to Fed up. Tide Water is the pinnical of the way the entire industry should be run. If they appraiser can’t locate sale and the agents have sales they think are relevant, it has helped with the transparency of the entire process. 1. It let the seller/agent know the were just fishing with a high listing price ( or acting out of the norm with buyers bidding up); 2.

Appraisal 76

Appraisal 76

Financial Times M&A

MAY 24, 2023

Plan to sell stake in league’s media rights fails to secure two-thirds majority from clubs

Equity 91

Equity 91

Mckinsey and Company

MAY 24, 2023

As the benefits of Moore’s law reach their limits, advances in chip performance rely more on the back end of production, including packaging.

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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

Appraisers Blog

MAY 24, 2023

That field has been removed from the 1805. The new 1805 form is dated Jan 2022.

Appraisal 98

Appraisal 98

John Jenkins

MAY 24, 2023

Contingent Value Rights, or CVRs, are the public company analog of an earnout, and like earnouts are a tool for bridging valuation gaps between buyers and sellers.

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Appraisers Blog

MAY 24, 2023

In reply to Spencer Paul. Sounds like a great idea!

Appraisal 98

Appraisal 98

Mckinsey and Company

MAY 24, 2023

When choosing a new car, many consumers increasingly favor the flexibility of leasing.

Finance 79

Finance 79

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

The Guardian M&A

MAY 24, 2023

CMA says it is defending cloud gaming market, but Microsoft says moves ‘discourages tech innovation and investment’ in UK Microsoft has filed an appeal against the UK competition watchdog’s decision to block its $69bn (£56bn) acquisition of the Call of Duty creator Activision Blizzard. The US tech company confirmed that it had formally lodged an appeal against the Competition and Markets Authority (CMA) verdict against the deal last month.

Marketability 58

Marketability Mergers & Acquisitions Technology 58

Audit Board

MAY 24, 2023

The Committee of Sponsoring Organizations of the Treadway Commission, or COSO , is a private sector initiative led by the American Institute of Certified Public Accountants (AICPA), Institute of Management Accountants (IMA), American Accounting Association (AAA), Institute of Internal Auditors (IIA), and Financial Executives International (FEI). COSO formed to investigate the fraud scandals of the 1970s and 1980s, releasing an internal controls framework in 1992.

Compliance 52

Compliance B2B Technology 52

Law 360 M&A

MAY 24, 2023

Britain's antitrust authority said on Thursday that it has cleared the proposed acquisition by Électricité de France of General Electric's nuclear steam power business, after finding that it would not weaken competition.

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Business Wire M&A

MAY 24, 2023

STOCKHOLM--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that KKR’s European real estate platform has agreed to acquire a high-quality portfolio of thirty residential properties in Finland (the “Portfolio”) from Kruunuasunnot. The Portfolio comprises over 1,200 residential units with two thirds of the portfolio located in the country’s three largest cities of Helsinki, Turku and Tampere.

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Mogin Rubin M&A

MAY 24, 2023

In a deal announced on May 9, Tempur Sealy International, Inc., the world’s largest mattress manufacturer, has agreed to acquire Houston-based Mattress Firm Group, Inc., the largest U.S. brick-and-mortar bedding retailer, with more than 2,300 locations and a robust e-commerce platform. The companies hope to finalize the $40 billion deal in the second half of 2024.

Marketability 52

Marketability Mergers & Acquisitions 52

Business Wire M&A

MAY 24, 2023

NEW YORK--(BUSINESS WIRE)--FG Merger Corp. (NASDAQ: FGMC (“FGMC” or the “Company”), a special purpose acquisition company, announced today that, on May 24, 2023, it notified the trustee of the Company’s trust account of its intention to extend (the “Extension”) the time available to the Company to consummate its initial business combination from June 1, 2023 to September 1, 2023, in accordance with the terms of FGMC’s governing documents.

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Appraiser Newsroom

MAY 24, 2023

A multidiscipline spotlight on ASA’s Professional Development and Growth Conference. ASA’s 2023 Beyond Valuation – Professional Development and Growth Conference is coming June 8. Here’s why you need to attend. Did you know the valuation profession is in a state of rapid change? Yes, a massive shift in the workforce is occurring due to aging senior professionals and ever-changing economic factors, technology advancements, and shifting demand by consumers.

Appraisal 52

Appraisal Business Valuation Technology Marketability 52

Benzinga

MAY 24, 2023

Terreno Realty Corporation (NYSE: TRNO ) has acquired an industrial property in Washington, D.C., for a purchase price of ~$13.4 million. The property consists of one newly constructed industrial distribution building containing approximately 33,000 square. Full story available on Benzinga.

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Sun Acquisitions

MAY 24, 2023

Selling your family business can be a daunting process. After all, not only are you making a significant financial decision, but you’re also letting go of a company that’s been a part of your Family for generations. While there’s no easy way to sell a business, there are several things that family business owners commonly need to correct that can make the process much more challenging.

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Benzinga

MAY 24, 2023

Pyxis Oncology (NASDAQ: PYXS ) has announced an acquisition of Apexigen (NASDAQ: APGN ) that is expected to be completed in the second half of 2023. Under the terms of the agreement, Pyxis Oncology has agreed to give Apexigen $16 million in stock in exchange for APGN stock. About The Companies Involved Pyxis Oncology is a clinical-stage oncology company focused on developing a multi-modality portfolio of next-generation therapeutics to target difficult-to-treat cancers and improve the quality of

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Law 360 M&A

MAY 24, 2023

Citigroup said Wednesday that it plans to launch an initial public offering for Banco Nacional de México, or Banamex, the business it purchased back in 2001 for $12.5 billion, a surprise diversion after an earlier plan to sell the Mexican consumer bank.

Banking 52

Banking 52

Benzinga

MAY 24, 2023

Pyxis Oncology Inc (NASDAQ: PYXS ) agreed to acquire Apexigen Inc (NASDAQ: APGN ) in an all-stock transaction for an implied value of $0.64 per Apexigen share. Apexigen went public in a blank-check deal just last summer. For each share of Apexigen, Pyxis Oncology will issue 0.1725 shares of its common stock for a total enterprise value of approximately $16 million.

Enterprise Value 52

Enterprise Value 52

LaPorte

MAY 24, 2023

Many states have enacted legislation to allow partnerships and S corporations to elect to have their income taxed at the entity level. This change was… The post Reconsidering Pass-Through Entity Tax Elections first appeared on LaPorte.

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Peak Business Valuation

MAY 24, 2023

Since most people pass through a funeral home after death, demand for funeral services remains steady. With high competition and recent changes in the industry, it is important to understand value drivers for a funeral home. A business appraiser analyzes these when valuing a funeral home. If you are buying or selling a funeral home, obtaining a business valuation can help you understand the value before transacting.

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Business Valuation eCommerce Fair Market Value Appraisal 52

Audit Board

MAY 24, 2023

Former CFO of Medallia brings deep expertise in successfully guiding public and private enterprise SaaS companies through scale. LOS ANGELES, CA – May 24, 2023 – AuditBoard, the leading cloud-based platform transforming how businesses manage risk, today announced the appointment of Roxanne Oulman, former CFO of Medallia and CallidusCloud (SAP), to its board of directors.

B2B 52

B2B Finance Market Capitalization Compliance 52

Benzinga

MAY 24, 2023

Choice Hotels International Inc (NYSE: CHH ) is reportedly considering acquiring Wyndham Hotels & Resorts (NYSE: WH ). The parties are yet to engage in serious talks over the matter and it is also possible that the deal will not go through, reported Full story available on Benzinga.

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Benchmark Report

MAY 24, 2023

After a very active year in 2021 and a reasonably robust market in 2022, M&A deal-making in the healthcare sector will soar in 2023 thanks to much corporate cash and private equity sitting on plenty of dry powder. Healthcare and health services companies are expected to actively explore M&A, divestitures, and other types of transactions, making it an attractive marketplace for parties.

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Equity Marketability 52

Benzinga

MAY 24, 2023

PacWest Bancorp (NASDAQ: PACW ) has reportedly sold its Civic Financial Services unit, which specializes in lending money to landlords and investors, to Roc360 , a real estate lending firm. PacWest has unrealized losses on its holdings of bonds and loans. When banks have to sell underwater assets to meet deposit withdrawals, they must record the losses, a prospect that makes investors nervous.

Banking 52

Banking Marketability 52

Law 360 M&A

MAY 24, 2023

LondonMetric Property PLC said on Wednesday that it has agreed to buy rival investor CT Property Trust Ltd. for £198.6 million ($246 million) in an all-share deal, as it seeks to combat difficult economic conditions.

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Benzinga

MAY 24, 2023

Hillenbrand Inc (NYSE: HI ) has entered into a definitive agreement to acquire the Schenck Process Food and Performance Materials (FPM) business, a portfolio company of Blackstone Inc (NYSE: BX ). The enterprise value of the transaction is $730 million. The transaction is expected to close during Hillenbrand's fiscal fourth quarter of 2023. Headquartered in Kansas City, Missouri, FPM has over 1,300 global employees and sells to customers in over 150 countries, with.

Enterprise Value 52

Enterprise Value 52