Harvard Corporate Governance

NOVEMBER 22, 2023

Posted by Andrew K. Jennings (Emory University), on Wednesday, November 22, 2023 Editor's Note: Andrew K. Jennings is an Associate Professor of Law at Emory University. This post is based on his recent article forthcoming in the Fordham Law Review. Normal 0 false false false EN-US ZH-CN AR-SA Each year, Department of Justice (DOJ) components resolve a handful of corporate criminal cases with subsidiary-only conviction (SOC) settlements.

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Mckinsey and Company

NOVEMBER 22, 2023

For digital and AI transformations to succeed, companies need to understand the problems they want to solve and rewire their organizations for continuous innovation

Technology 138

Technology Corporate Finance Finance 138

Law 360 M&A

NOVEMBER 22, 2023

The U.S. Chamber of Commerce told the Ninth Circuit it supports Live Nation Entertainment Inc. and Ticketmaster LLC in their appeal of a court order refusing to send proposed class action claims against them to arbitration, saying the flawed ruling threatens arbitration benefits for businesses and customers alike.

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Mckinsey and Company

NOVEMBER 22, 2023

Artificial intelligence is accelerating drug discovery. If clinical development fails to keep pace, the benefits to patients will be delayed.

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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

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the

Banking 97

Banking Start-ups Finance Equity 97

Machen McChesney

NOVEMBER 22, 2023

With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year-end, now is the time for individuals, business owners, and family offices to review their 2023 and 2024 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

Marketability 90

Marketability 90

Mckinsey and Company

NOVEMBER 22, 2023

As geopolitical currents swirl, we examine the implications for trade and options for business leaders to foster global connections.

Corporate Finance 92

Corporate Finance Finance 92

Financial Times M&A

NOVEMBER 22, 2023

Hedge funds take aim at chief executive of UK gambling company

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Benzinga

NOVEMBER 22, 2023

London-listed Syncona Ltd has agreed to acquire Freeline Therapeutics Holdings plc (NASDAQ: FRLN ) in an all-cash transaction for $6.50 per American Depositary Share. This price values Freeline's entire issued share capital at approximately $28.3 million and represents a 51% premium over the closing price before the announcement of Syncona's initial proposal on October 18.

Equity 59

Equity Marketability 59

Benchmark Report

NOVEMBER 22, 2023

Benchmark International was recognized in PitchBook’s Q3 League Tables for 2023 as the #1 most active privately-held M&A company in the world. Other firms in the rankings focus on both the buy and sell sides or are accounting firms.

Accounting Firms 59

Accounting Firms Marketability 59

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

Norman Marks

NOVEMBER 22, 2023

Three parts to this post: What is ESG? What are those conflicting reports? What does this all mean for practitioners? Part 1 OK, it’s time for me to ‘fess up. I am confused by “ESG”.

Compliance 59

Compliance 59

Benchmark Report

NOVEMBER 22, 2023

Benchmark International is delighted to announce the acquisition of Printglaze Group ( Printglaze ), comprising of Printglaze Limited and Printglaze Packaging Limited, to Dublin-based PrintG. Printglaze has been providing a wide range of services to the commercial print industry since 1979. It has extensive experience in print finishing, including spot UV, foiling, embossing, and other techniques, along with a specialisation in innovative packaging solutions.

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Financial Times M&A

NOVEMBER 22, 2023

Lawsuit against lender co-founded by ex-Barclays chief alleges breach of acquisition terms

Banking 86

Banking 86

Equilest

NOVEMBER 22, 2023

Navigating the Intersection of Interest Rates and Business Valuation. Delve deeper into the intricate dance between interest rates and business valuation. Uncover the strategies that businesses employ to thrive in dynamic market environments influenced by fluctuating interest rates. From the escalating costs of equity and debt to the challenges and opportunities presented in low and high-interest scenarios, explore the nuances that shape the financial landscape.

Business Valuation 52

Business Valuation Marketability Equity Finance 52

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

Law 360 M&A

NOVEMBER 22, 2023

Britain's antitrust authority said Thursday that a proposed bid by Wolseley Group Ltd. for Kooltech Ltd. could result in higher prices and lower quality services for customers in the Scottish city of Aberdeen.

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Peak Business Valuation

NOVEMBER 22, 2023

Funeral homes provide a variety of services and products for those who are preparing for funerals. This includes funeral planning services, funeral merchandise, body preparation and burial, cremation, and transportation. An industry report on IBIS World notes that the funeral home industry generates over $3.8 billion in revenue each year. Moving forward, the industry will likely experience healthy growth.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal Fair Market Value 52

Auto Dealer Valuation Insights

NOVEMBER 22, 2023

Christopher Mercer, FASA, CFA, ABAR will be speaking in person at this year’s 2023 NACVA/CTI Business Valuation and Financial Litigation Super Conference on December 14, 2023, in Fort Lauderdale, Florida. Chris will present “Almost Everything You Ever Wanted to Know About Professional Development (With Lots of How To-Dos).” Chris Mercer is the Chairman of Mercer Capital.

Business Valuation 52

Business Valuation 52

Benzinga

NOVEMBER 22, 2023

Private equity heavyweight Blackstone Group Inc. (NYSE: BX ) is reportedly on the verge of a $2.5 billion agreement to acquire Civica , a U.K.-based software developer. What Happened: The deal with Civica, which includes the software developer’s debt, is in its final stages of negotiation, reported The Wall Street Journal. This potential acquisition would be Blackstone’s latest venture in the U.K., following the recent purchases of two hotels and a project to build affordable hous

Equity 52

Equity 52

Auto Dealer Valuation Insights

NOVEMBER 22, 2023

Last month, we attended the 2023 AICPA Dealership conference and in this post present key takeaways from two sessions that are of interest to our blog readers: “Driving Success in Auto Retail” and “The Electrification of Auto Retail.” This session was presented in the form of a conversation between Alan Haig of Haig Partners and Daryl Kenningham, CEO of Group 1 Automotive.

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Internal Audit 360

NOVEMBER 22, 2023

GUEST BLOG POST A s internal auditors, we provide assurance, advice, and insight on the system of internal controls over the more significant risks to enterprise objectives. Internal controls provide the basis, the foundation, on which management and the board rely as they manage and direct the organization to success. The typical internal audit assesses and tests the controls over transactions and how they are originated and processed: their completeness, validity, accuracy, and recording.

Technology 52

Technology 52

Benzinga

NOVEMBER 22, 2023

CRH PLC (NYSE: CRH ) agreed to divest its lime operations in Europe to SigmaRoc plc for around $1.1 billion. The business comprises CRH's 16 operating locations across Poland, Ireland, the U.K., Germany, and the Czech Republic, which generated sales of about $610 million and EBITDA of around $137 million in 2022 on a combined basis. The transaction is subject to customary conditions and regulatory approvals and is structured in three.

EBITDA 52

EBITDA Equity Marketability 52

Law 360 M&A

NOVEMBER 22, 2023

An insurer urged a Texas federal judge Wednesday to rule in its favor on claims that it needn't cover a veterinary pharmacy in an underlying dispute over the deaths of two horses, arguing that coverage did not automatically transfer to the pharmacy after a merger.

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Benzinga

NOVEMBER 22, 2023

Wyndham Hotels & Resorts Inc (NYSE: WH ) said its Board of Directors received a letter from Choice Hotels International, Inc (NYSE: CHH ) on November 14, 2023, which represented a step backwards in the merger and acquisition talks. The budget hotel operator said the terms of acquisition Choice outlined in the letter are not in the best interests of Wyndham or its shareholders.

Equity 52

Equity Marketability 52

Financial Times M&A

NOVEMBER 22, 2023

Redbird IMI plans to offer further assurances to ensure independence of the newspaper

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Benzinga

NOVEMBER 22, 2023

Citigroup Inc (NYSE: C ) is reportedly poised to venture into direct lending, aiming to debut this new strategy by early January, reflecting a broader trend among banks seeking to tap into the burgeoning $1.6 trillion private credit market. The initiative aims to complement Citigroup's existing broad syndicated leveraged finance business. Related: Citigroup Restructures, Targets 10% Senior Management Layoffs.

Banking 52

Banking Finance Marketability Equity 52

Law 360 M&A

NOVEMBER 22, 2023

Royal London Mutual Insurance Society Ltd. said Thursday that it has raised its stake in two mortgage companies aimed at retired borrowers to 100%.

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Benchmark Report

NOVEMBER 22, 2023

Benchmark International is pleased to announce the transaction between CFA, Inc. and Bowman Consulting Group Ltd.

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Financial Times M&A

NOVEMBER 22, 2023

German group’s shares rally as investors hope unit will be spun off

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Law 360 M&A

NOVEMBER 22, 2023

Economic and geopolitical turbulence in 2023 have led to a slow year for mergers and acquisitions, as inflation, heightened interest rates and a more difficult financing environment dampened excitement for, and the ability to make, deals. Here, Law360 reviews some of the key M&A-related events that have played out amid this volatile year.

Finance 40

Finance 40

Financial Times M&A

NOVEMBER 22, 2023

Plus, the fall of a powerful US bankruptcy judge and detangling the drama at OpenAI

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Law 360 M&A

NOVEMBER 22, 2023

New Mountain Capital will purchase BMI in a deal that New Mountain has said will allow it to bolster the music rights giant's long-term growth at a time when the music infrastructure supporting artists has failed to keep pace with rapid digitization.

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Benzinga

NOVEMBER 22, 2023

VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (the "Company" or "Algernon") (CSE: AGN ) (FRANKFURT: AGW0) (OTCQB: AGNPF ), a Canadian clinical stage pharmaceutical development company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Seyltx Inc. ("Seyltx"), a privately owned U.S. based drug development company, to acquire Algernon's NP-120 ("Ifenprodil") research program for USD $2M cash and a 20% common share equity po

Equity 40

Equity Finance 40

Law 360 M&A

NOVEMBER 22, 2023

Medical technology company Smith & Nephew PLC, advised by Davis Polk & Wardwell LLP, said Wednesday it has agreed to acquire sports medicine technology startup CartiHeal for up to $330 million to boost its sports medicine business and knee repair products.

Technology 40

Technology 40

Benzinga

NOVEMBER 22, 2023

Freeline shareholders to receive $6.50 per American Depositary Share, a 51% premium over closing price prior to announcement of Syncona's initial proposal on October 18, in an all-cash transaction Based on extensive evaluation of available strategic and financing options, Freeline's independent directors unanimously recommend transaction as best value for shareholders Syncona to provide $15 million in convertible debt financing to cover Freeline's near-term capital needs and suppo

Debt Financing 40

Debt Financing Finance Start-ups Marketability 40