Harvard Corporate Governance

JULY 21, 2023

Posted by Joud Abdel Majeid, Salim Ramji and Jessica Burt, BlackRock Inc., on Friday, July 21, 2023 Editor's Note: Joud Abdel Majeid is a Senior Managing Director and is the Global Head of Investment Stewardship, Salim Ramji is a Senior Managing Director and is Global Head of iShares and Index Investments, and Jessica Burt is Head of Global Platform and Business Strategy for Investment Stewardship, at BlackRock Inc.

Equity 188

Equity Technology Marketability 188

Peak Business Valuation

JULY 21, 2023

Convenience stores are businesses that sell food, beverage, and tobacco products in convenient locations. In recent years, the convenience store industry has experienced healthy revenue and profit growth. Moving forward, we can expect these metrics to continue growing at a steady rate. If you are looking to buy , grow , or sell a convenience store , now may be an ideal time to do so.

Discounted Cash Flow 98

Discounted Cash Flow Business Valuation Fair Market Value Appraisal 98

Harvard Corporate Governance

JULY 21, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, July 21, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of July 14-20, 2023. Investor Support of E&S Proposals Posted by Garrett Muzikowski and Hetal Kanji, FTI Consulting, on Friday, July 14, 2023 Tags: E&S , Institutional Investors , issuers , Proxy season , Remuneration , SEC rulemaking , Shareholder proposals What Constitutes a Sale of “All or Substan

Equity 188

Equity Marketability Banking 188

Appraiser Newsroom

JULY 21, 2023

By SEAK, as seen on seak.com. The requirements to be an expert witness can be broken down into two categories – the legal requirements for being an expert witness and perhaps more importantly, the practical requirements for being an expert witness. Legal Requirements for providing Expert Witness Services The legal requirements for being an expert witness are fairly minimal.

Business Valuation 96

Business Valuation Appraisal 96

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

JULY 21, 2023

Global executives more positive; consumer confidence improving but low; emerging economies rebound; Fed pauses rate hikes as ECB raises rates by 25 basis points; inflation low in India and Brazil.

Corporate Finance 87

Corporate Finance Finance 87

National Law Review M&A

JULY 21, 2023

Litigation Practice Group Proskauer Jurisdiction: Delaware Type of Law: Mergers & Acquisitions Corporate & Business Organizations Litigation / Trial Practice Antitrust & Trade Regulation

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National Law Review M&A

JULY 21, 2023

John D. Carroll Leo Caseria Bevin M.B. Newman Lindsey Olson Collins Jurisdiction: All Federal Malika Levarlet Type of Law: Mergers & Acquisitions Antitrust & Trade Regulation Joy O.

77

77

Law 360 M&A

JULY 21, 2023

Investment adviser Monroe Capital Management Advisors LLC has agreed to pay the U.S. Securities and Exchange Commission $1 million for allegedly investing client assets in blank-check companies affiliated with other companies in which its staff had ownership interests.

75

75

Financial Times M&A

JULY 21, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

95

95

Law 360 M&A

JULY 21, 2023

Federal antitrust regulators moved Thursday to block pharmaceutical companies Amgen and Humana from challenging the constitutionality of the Federal Trade Commission and its in-house process, at least for now, as they try to put a pause on the companies' nearly $28 billion merger.

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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

Mckinsey and Company

JULY 21, 2023

It’s arguably never been tougher to be a teacher. In a new book, educator Jamie Sears helps teachers navigate the classroom, manage relationships with parents, and define what success is.

68

68

Law 360 M&A

JULY 21, 2023

As practitioners continue to conduct depositions remotely in the post-pandemic world, these virtual environments are rife with opportunities for improper behavior such as witness coaching, scripted testimony and a general lack of civility — but there are methods to prevent and combat these behaviors, say Jennifer Gibbs and Bennett Moss at Zelle.

74

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Mckinsey and Company

JULY 21, 2023

Chief revenue officers are boosting revenue at not only start-ups but also established companies.

Start-ups 79

Start-ups Marketability 79

Vested

JULY 21, 2023

Stock option schemes (or what we tend to call share option schemes in the UK) are a surefire method of uniting teams towards business growth - and they’re not confined by borders.

52

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

Auto Dealer Valuation Insights

JULY 21, 2023

One of the most frequently ignored sectors in the wealth management industry may be its first cousin, the independent trust industry. While many still associate trust administration with banks, which still control more than 75% of the space, the growing prominence of independent trust companies is capturing the attention of many participants in the investment management community.

Banking 52

Banking 52

Sun Acquisitions

JULY 21, 2023

Merger and acquisition (M&A) transactions are complex endeavors that can significantly impact the involved companies and the broader business landscape. While the excitement of a potential merger or acquisition can be enticing, companies must exercise due diligence. Due diligence plays a crucial role in evaluating a transaction’s potential risks and rewards, ensuring that both parties are well-informed and can make informed decisions.

Compliance 52

Compliance Marketability 52

Appraiser Newsroom

JULY 21, 2023

This month we look at efforts to grow ASA and support the global valuation profession, including travels to Japan and Korea, new association leadership opportunities, continued professional development innovation and countdown to the profession’s main event. Shaping the Future of Valuation in Japan Travel activities included my visit to Japan where I met with ASA members, discussed future plans and spent time with local educators.

Business Valuation 52

Business Valuation Appraisal 52

Benzinga

JULY 21, 2023

French aerospace company Safran (OTC: SAFRY ) has agreed to acquire an aerospace business from RTX Corp (NYSE: RTX ) in cash for an enterprise value of $1.8 billion. The activity to be acquired from Collins Aerospace, an RTX business, is a global provider of actuation and flight. Full story available on Benzinga.

Enterprise Value 52

Enterprise Value Equity Marketability 52

Benchmark Report

JULY 21, 2023

Dynamac, Inc. (Seller) is an Illinois based, precision computer numerical control (CNC) machining facility. Dynamac employs the latest in high-speed machining and sophisticated automation to satisfy the myriad challenging demands from their customers. Their niche expertise is CNC production milling and turning of aluminum, stainless, kovar, copper and brass.

Equity 52

Equity 52

Benzinga

JULY 21, 2023

CRAFT 1861 Global Holdings Inc. (NEO:HUMN) (NEO:HUMN.WT.A) and Nanocures International, Inc. , have entered into a binding letter of intent which sets out the principal terms upon which it is proposed that Craft Global and Nano will combine. It is anticipated that the transaction will constitute a reverse take-over transaction under the policies of the Neo Exchange Inc., operating as Cboe Canada.

Enterprise Value 52

Enterprise Value Equity Marketability 52

NYT M&A

JULY 21, 2023

The U.S. government is struggling to crack down on corporate concentration.

Mergers & Acquisitions 79

Mergers & Acquisitions 79

Benzinga

JULY 21, 2023

KKR & Co Inc. (NYSE: KKR ) inked a deal to acquire Chase Corporation (AMEX: CCF) for approximately $1.3 billion, including the assumption of debt. As per the deal, KKR will acquire Chase for $127.50 per share in cash, implying a valuation of approximately 13x trailing twelve months EBITDA. Chase is a global manufacturer of protective materials for high-reliability applications across several sectors.

EBITDA 52

EBITDA Equity Marketability 52

Benchmark Report

JULY 21, 2023

Correctly calculating adjusted EBITDA is essential in an M&A transaction, and all parties must be familiar with the adjustments.

EBITDA 52

EBITDA Capital Structure Marketability Finance 52

Benzinga

JULY 21, 2023

Lifeist Wellness Inc. (OTCMKTS:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) has acquired 100% of 1000501971 Ontario Inc. (“ Zest ”) for $3.4 million in an all-stock transaction. "Zest's addition to CannMart brings an elevated level of growth and innovation through its exceptional cannabis products," stated Daniel Stern , CEO of CannMart.

Marketability 52

Marketability 52

Financial Times M&A

JULY 21, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Equity 66

Equity 66

Benzinga

JULY 21, 2023

KKR & Co (NYSE: KKR ) has announced an acquisition of Chase (AMEX: CCF ) that is expected to be completed in Q4 of 2023. Under the terms of the agreement, KKR & Co has agreed to give Chase $1.30 billion in cash in exchange for CCF stock. About The Companies Involved KKR is one of the world's largest alternative asset managers, with $510.1 billion in total assets under management, including $415.

52

52

Avanade

JULY 21, 2023

We are delighted to announce that Avanade Ireland has been awarded Microsoft Ireland’s Industry Partner of the Year.

52

52

Mckinsey and Company

JULY 21, 2023

Six actions could help close racial gaps in US pre-K–12 academic achievement.

Equity 67

Equity 67

Law 360 M&A

JULY 21, 2023

The Third Circuit on Thursday reversed a decision to compel arbitration in litigation over an acquisition by a major automotive fluids distributor that is now owned by a private equity firm, saying the parties did not agree in the purchase agreement to arbitrate any disputes.

Private Equity Firm 40

Private Equity Firm Equity 40

Benzinga

JULY 21, 2023

TORONTO, July 21, 2023 (GLOBE NEWSWIRE) -- Lifeist Wellness Inc. ("Lifeist" or the "Company") (TSXV: LFST ) (FRANKFURT: M5B) (OTC: LFSWF ), a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, is pleased to announce that further to the Company's news release of June 1, 2023, it has acquired 100% of 1000501971 Ontario Inc. (" Zest ") for $3,411,707.90 (the " Acquisition ") in an all-stock transaction. "

B2B 40

B2B Marketability Technology 40

Law 360 M&A

JULY 21, 2023

Investors in special purpose acquisition company FG New America Acquisition Corp. have sued several of its executives and directors, accusing them of overselling the value of merger target Opportunity Financial, which plummeted by some 80% after the take-public transaction.

40

40

Norman Marks

JULY 21, 2023

Anthony Pugliese (President and CEO of the IIA) said in a recent webinar that GRC stands for Governance, Risk Management, and Compliance-slash-Control. I am sure he said that because the IIA has the C meaning Control while the rest of the universe has C for Compliance.

Compliance 40

Compliance 40

Law 360 M&A

JULY 21, 2023

Celsius Network is asking a New York bankruptcy judge to approve an offer to customers to add 5% to their Chapter 11 recovery in exchange for dropping claims they were induced to deposit their cryptocurrency with Celsius by lies.

40

40

Benzinga

JULY 21, 2023

Expands Obra's Existing Capabilities in Structured Credit, and Asset and Mortgage-Backed Securities into Fundamental Credit Space Acquisition Combines Obra's Diversified Asset Management Strengths with KDP's High Yield and Leveraged Loan Research and Asset Management Capabilities Across the Credit Ecosystem Obra to Offer Expanded Product Suite Including CLOs and More Liquid Commingled Fund Vehicles NEW YORK, July 21, 2023 (GLOBE NEWSWIRE) -- Obra Capital, Inc.

Finance 40

Finance Marketability 40