Harvard Corporate Governance
DECEMBER 15, 2023
Posted by Amelia Miazad (University of California at Davis), on Friday, December 15, 2023 Editor's Note: Amelia Miazad is a Professor at the UC Davis School of Law. This post is based on her recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.
Benzinga
DECEMBER 15, 2023
La Rosa Holdings Corp (NASDAQ: LRHC ) has acquired a 100% interest in the company’s franchisee - La Rosa Realty CW Properties in Longwood, Florida. CW Properties generated revenue of $3.4 million and had positive net income in 2022. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis.
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Harvard Corporate Governance
DECEMBER 15, 2023
Posted by the Harvard Law School Forum on Corporate Governance, on Friday, December 15, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of December 7-13, 2023 Remarks by Chair Gensler Before the American Bar Association Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Friday, December 8, 2023 Tags: Beneficial Ownership , Executive Compensation , Insider trading , Proxy voting , SEC SEC reports Enforcement stats for fis
Benzinga
DECEMBER 15, 2023
Health Care Service Corporation (HCSC) and Elevance Health Inc (NYSE: ELV ) are reportedly engaged in a competitive race to acquire the Medicare Advantage business segment from Cigna Group (NYSE: CI ), aimed at catering to individuals aged 65 and above. Cigna anticipates the culmination of the bidding process for its Medicare Advantage unit by the following week.
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.
Law 360 M&A
DECEMBER 15, 2023
Biotechnology company Zymergen notified a Delaware bankruptcy judge this week it received two successful bids in its Chapter 11 auction, one bid coming from its corporate parent, Ginkgo Bioworks, and the other from sustainable agriculture business Pivot Bio Inc.
Benzinga
DECEMBER 15, 2023
A private equity consortium comprising Insight Partners and Clearlake Capital Group is currently engaged in advanced negotiations to take the data analytics software company Alteryx Inc (NYSE: AYX ) private for roughly $5 billion, including debt, Reuters reports. This move follows Alteryx facing intense competition from tech giants like Microsoft Corp (NASDAQ: MSFT ) and Oracle Corp (NYSE: ORCL ), coupled with challenges in securing new business, resulting in a depreciation of its valuation and
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Benzinga
DECEMBER 15, 2023
Elon Musk will testify in court again as part of the Securities and Exchange Commission’s investigation into his $44-billion takeover of Twitter. Laurel Beeler , federal judge in San Francisco, told lawyers representing the Tesla CEO that Musk will have to endure another day in court. Musk’s legal team argued the SEC does not have the authority to issue subpoenas, a claim that was quickly rejected by Beeler.
Accountancy Today
DECEMBER 15, 2023
The number of corporate insolvencies hit 2,466 in November, 21% higher than the prior year, meaning the number of total failures for 2023 now total over 23,000, according to new figures from The Insolvency Service. This was higher than levels seen while the Government support measures were in place in response to the pandemic, and also higher than pre-pandemic numbers.
Law 360 M&A
DECEMBER 15, 2023
Consumers urged an Illinois federal court to reject a bid by T-Mobile to immediately appeal a decision refusing to toss a proposed class action over the carrier's 2020 merger with Sprint, saying any delays in the case would make it harder to undo the deal.
Financial Times M&A
DECEMBER 15, 2023
3G’s acquisition of Burger King and the purchase of VMware have proved to be among the most profitable industry transactions
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
Benzinga
DECEMBER 15, 2023
Stanley Black & Decker (NYSE: SWK ) has agreed to divest its STANLEY Infrastructure division, which specializes in attachment and handheld hydraulic tools, to Epiroc AB (OTC: EPOKY ) (OTC: EPIAF ) for $760 million in cash. The Infrastructure division is projected to yield revenues in the range of $450 million to $470 million. Full story available on Benzinga.
Financial Times M&A
DECEMBER 15, 2023
Oil major reduces global refining portfolio to focus on large sites integrated with chemicals and trading businesses
Sun Acquisitions
DECEMBER 15, 2023
Selling your business significantly impacts your financial future and personal goals. It’s a complex process that requires careful planning, strategic execution, and a keen awareness of potential pitfalls. While selling a business can be rewarding, many entrepreneurs fall into common traps that can hinder a successful sale and diminish the value of their hard-earned investment.
Law 360 M&A
DECEMBER 15, 2023
The Fifth Circuit on Friday vacated the Federal Trade Commission's order blocking Illumina's $8 billion reacquisition of cancer-detection company Grail, agreeing with the commission that the combination is "likely to substantially lessen competition," but finding that the FTC used the wrong legal standard in part of its analysis.
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.
Auto Dealer Valuation Insights
DECEMBER 15, 2023
Year-end 2023 is quickly approaching so that means it’s time to take a look back at the year. Here are the top ten posts for the year measured by readership. Click on any of the post titles to revisit the post. Thank you to our readers for your constant support! It’s our honor to cover the oil & gas industry for you.
Law 360 M&A
DECEMBER 15, 2023
Hallmark Speciality Insurance Co. has settled its February lawsuit against cannabis company Cura Partners Inc. that asserted to an Oregon federal court that Hallmark shouldn't have to cover an underlying suit related to the sale of one of Cura Partners' subsidiaries to Curaleaf Holdings Inc.
Auto Dealer Valuation Insights
DECEMBER 15, 2023
Working on your RIA’s buy-sell agreement may seem like a distraction, but the distraction is minor compared to the disputes that can occur if your agreement isn’t structured appropriately.
Law 360 M&A
DECEMBER 15, 2023
An attorney for current and former natural gas pipeline company directors and officers sued by ETC Northeast Field Services LLC for fiduciary duty breaches told a Delaware vice chancellor Friday that the suit should be tossed as a prohibited collateral attack on an arbitration award.
Auto Dealer Valuation Insights
DECEMBER 15, 2023
We are about to put a bow on 2023! Our weekly posts follow the auto industry closely to keep up with market trends and gain insight into the private dealership market. We hope you have enjoyed our content in 2023, and we look forward to connecting further in 2024! Below, we have recapped four of our popular topics.
Law 360 M&A
DECEMBER 15, 2023
Public offerings for life sciences companies have come to a nearly complete halt over the past few years, but healthcare insiders say we may see more companies in the space rushing to go public in 2024, though only a select few will have the resources and backing to accomplish that.
IBG Business
DECEMBER 15, 2023
If the value of your company would suffer in your absence, the biggest threat to its marketability might be you. “Buyers generally aren’t interested in paying top dollar if the business is overly reliant on the owner for its success.” That excerpt from a long-ago IBG Business article recently came to mind when one of our M&A advisors discovered and began quoting from Michael Gerber’s 1988 best-seller, The E-Myth: Why Most Businesses Don’t Work and What to Do About It.
Law 360 M&A
DECEMBER 15, 2023
Stanley Black & Decker Inc., represented by Skadden Arps Slate Meagher & Flom LLP, said Friday it is selling its hydraulic tools business Stanley Infrastructure to Swedish manufacturer Epiroc AB for $760 million in cash.
Benzinga
DECEMBER 15, 2023
Bruush Oral Care Inc. (NASDAQ: BRSH ) and Arrive Technology have agreed to merge. Arrive is a technology company focused on facilitating the last inch of the last mile for autonomous delivery. The new entity will be named Arrive Technology Inc., which aims to revolutionize the delivery landscape with its Mailbox-as-a-Service (MaaS) platform, integrating artificial intelligence (AI) to streamline the exchange of goods between humans, robots, and drones.
Law 360 M&A
DECEMBER 15, 2023
Stone fruit producer Prima Wawona Friday got permission from a Delaware bankruptcy judge for two more weeks of lender cash use after saying it is negotiating for the financing the company will need to finish out what has become a liquidation case.
Benzinga
DECEMBER 15, 2023
Lithium products manufacturer Livent Corp (NYSE: LTHM ) has signed an agreement with ILiAD Technologies, LLC , to acquire a minority stake in the parent company of ILiAD. Financial details of the transaction were not disclosed. ILiAD Technologies' parent company is a subsidiary of EnergySource Minerals (ESM), a developer of lithium projects in. Full story available on Benzinga.
Law 360 M&A
DECEMBER 15, 2023
The Ultimate Fighting Championship urged a Nevada federal judge not to let fighters block it from challenging their experts ahead of an April wage-fixing trial, arguing the court never directly weighed the experts' admissibility, even when deeming the analysis sufficient to certify a class.
Financial Times M&A
DECEMBER 15, 2023
Century-old studio has held discussions to sell itself to Skydance and Redbird Capital
Law 360 M&A
DECEMBER 15, 2023
Delaware's Court of Chancery may follow the law to the letter, but that doesn't stop its judicial officers from being creative with their words. Last year's decisions were filled with metaphors, comparisons and other literary embellishments that we here at Law360 found delightful. Here is some of our favorite imagery from Chancery Court opinions in 2023.
Financial Times M&A
DECEMBER 15, 2023
Despite slowing sales, strong growth is expected long term led by increasingly wealthy Chinese consumers
Law 360 M&A
DECEMBER 15, 2023
There is much to be learned from the most prominent private securities cases of 2023, specifically the Tesla trial, the U.S. Supreme Court's Slack decision and the resolution of Goldman Sachs litigation, but one lesson running through all of them is that there can be rewards at the end of the line for defendants willing to go the distance, say attorneys at Fried Frank.
John Jenkins
DECEMBER 15, 2023
Delaware’s MFW doctrine was originally developed to offer a path to the business judgment rule for squeeze out mergers. Over time, however, its use has expanded into a variety of other settings. MFW’s expansion has attracted some pretty high-profile opposition.
Law 360 M&A
DECEMBER 15, 2023
In this week's Taxation with Representation, AstraZeneca buys Icosavax, SiriusXM merges with Liberty Media Corp., and Occidental acquires CrownRock LP.
Benzinga
DECEMBER 15, 2023
Houston, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE: BATL ) ("Battalion" or the "Company") announced today that it had entered into an Agreement and Plan of Merger (the "Merger Agreement") with Fury Resources, Inc. ("Buyer" or "Parent"), pursuant to which Parent will acquire all of the outstanding shares of Common Stock of the Company (the "Common Stock"), for $9.80 per share in cash (the "Merger Consideration"), which represents a total transaction value of approxi
Exit Strategy
DECEMBER 15, 2023
A multiple is a way to measure how much a company is worth. If a company has $2 million in EBITDA and it sells for $10 million, we say it sold at a “5 multiple.” Multiples are used as a valuation tool by analyzing the multiple similar companies obtained in a sale. For example, if […] The post M&A Glossary: Multiple appeared first on Exit Strategies Group, Inc.
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