Harvard Corporate Governance

MARCH 25, 2024

Posted by Caio de Oliveira, Adriana De La Cruz, and Pietrangelo De Biase, OECD, on Monday, March 25, 2024 Editor's Note: Caio de Oliveira is the Team Leader for Sustainable Finance, and Adriana De La Cruz and Pietrangelo De Biase are Policy Analysts in the Capital Markets and Financial Institutions Division within the Directorate for Financial and Enterprise Affairs of the Organisation for Economic Co-operation and Development (OECD).

Data Analysis 169

Data Analysis Finance Marketability 169

NYT M&A

MARCH 25, 2024

MNC Capital has raised its takeover offer for Vista Outdoor, the owner of Remington ammunition — and amplified worries about a non-American rival bidder.

Mergers & Acquisitions 115

Mergers & Acquisitions 115

Harvard Corporate Governance

MARCH 25, 2024

Posted by Maggie Dean and Hunter Stenback, Edelman Smithfield, on Monday, March 25, 2024 Editor's Note: Maggie Dean is Vice President of Strategic Situations and Investor Relations, and Hunter Stenback is Executive Vice President at Edelman Smithfield. This post is based on their Edelman memorandum. Related research from the Program on Corporate Governance includes Dancing with Activists (discussed on the Forum here ) and The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here

Market Capitalization 130

Market Capitalization Marketability 130

Mckinsey and Company

MARCH 25, 2024

Companies with innovation cultures are way ahead of peers in deploying—and benefiting from—generative AI.

Corporate Finance 135

Corporate Finance Finance 135

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

Harvard Corporate Governance

MARCH 25, 2024

Posted by Doron Levit (University of Washington), Nadya Malenko (Boston College), and Ernst Maug (University of Mannheim), on Monday, March 25, 2024 Editor's Note: Doron Levit is Marion B. Ingersoll Endowed Professor of Finance and Business Economics at the University of Washington Foster School of Business, Nadya Malenko is Professor of Finance at the Boston College Carroll School of Management, and Ernst Maug is Professor of Corporate Finance at the University of Mannheim Business School.

Finance 117

Finance Corporate Finance Marketability 117

Appraisers Blog

MARCH 25, 2024

In reply to Eric Kretz. Thank you. Oh no, this can not be a full article stand alone. I buried this in the back ground on purpose. I do not break rules of access. After a decade and a half of navigating these tech systems, you learn things and stuff. Come across data accidentally from time to time, now and then a person with good working ethic is part of these systems, despite the hostile working climates.

Appraisal 98

Appraisal 98

Appraisers Blog

MARCH 25, 2024

In reply to Baggins. “Get a Mercury MVP, Scope, Regorra, AP client appraisal request distributor access account, or one of the half dozen others, and simply look at all the appraisers fees and availability yourself. Phone a friend or just buy in, appraisers can and should be able to see the other side of these tech systems as well.” If anyone has done this, I’d like to know what my standing is on these platforms and whether or not I’m on a do-not-use list… probably

Appraisal 98

Appraisal 98

Law 360 M&A

MARCH 25, 2024

An Illinois appellate panel reversed a Cook County judge Friday and revived a derivative lawsuit demanding that TreeHouse Foods sue three individual executives the shareholders claim materially misled them by falsely stating that two newly acquired companies were being successfully integrated into the food company's operations.

98

98

Appraisers Blog

MARCH 25, 2024

In reply to Joseph. Maybe, probably not. The blacklists are likely reserved for deal killers, appraisers whom dare to actually be independent. Sorting out the higher fee appraisers is as easy as clicking the ready made drop down arrow; sort by fee. They can sort by any number of performance metrics, fees, turn times, rov instances, etc. There are proximity tools to limit assignment to only near to the appraiser, adjustable proximity ranges.

Appraisal 98

Appraisal 98

Law 360 M&A

MARCH 25, 2024

AbbVie Inc., represented by Paul Weiss Rifkind Wharton & Garrison LLP, said Monday it will pay up to $212.5 million for Cooley LLP-led Landos Biopharma Inc., a clinical-stage biopharmaceutical company developing treatments for autoimmune diseases.

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98

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

MARCH 25, 2024

I don’t access to that information but I’m sure I am on some “blacklist” due to my higher than hoped for fees by the AMC’s; I quote a fee and never hear from them again, ever, it’s like they add me to the “this guy is too high list” for other AMC’s to see…the AMC was an almost good idea when it was conceived but then greed set it whenever there is money involved, they preyed on appraisers fear of not getting any more assignments so lets

Appraisal 98

Appraisal 98

Law 360 M&A

MARCH 25, 2024

Bankrupt cryptocurrency exchange FTX Trading Ltd. informed a Delaware court that it has reached agreements with two dozen purchasers for sales of the debtor's holdings in artificial intelligence company Anthropic PBC worth $884.1 million.

98

98

Appraisers Blog

MARCH 25, 2024

In reply to Baggins. That is an incredible take on the current AMC model and appraisal relationship, and should be an Appraisalblogs.com thread by itself. Well done, brother.

Appraisal 98

Appraisal 98

BV Specialists

MARCH 25, 2024

One of the most challenging components of a professional appraiser’s practice is being an expert witness in a court trial, hearing, deposition, or arbitration. Regardless of how many years of experience an appraiser has, or how many times they have testified, this can be a very difficult process to go through. Many accredited, professional appraisers rely on business and personal dispute work as part of their overall revenue, and, commonly, a significant percentage of their work involves clients

Appraisal 88

Appraisal 88

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

Financial Times M&A

MARCH 25, 2024

Co-working group’s co-founder says he has ‘half a dozen’ partners to finance a potential bid of about $600mn

Finance 103

Finance 103

Benzinga

MARCH 25, 2024

Shares of Target Hospitality Corp (NASDAQ: TH ) are trading higher after the workforce lodging company’s Board of Directors received an unsolicited non-binding proposal from Arrow Holdings S.à r.l. Arrow, an affiliate of TDR Capital LLP, has offered to acquire all of the outstanding shares of common stock of Target Hospitality that they. Full story available on Benzinga.

Equity 72

Equity 72

Financial Times M&A

MARCH 25, 2024

State’s stake in the British high street bank bailed out in the financial crisis has now fallen below 30%

Banking 97

Banking 97

Mckinsey and Company

MARCH 25, 2024

The world is not on track to meet net-zero targets. Yet opportunities remain to accelerate efforts and help meet decarbonization goals.

82

82

Benzinga

MARCH 25, 2024

Microsoft Corp. (NASDAQ: MSFT ) has reportedly reached an agreement with Crash Bandicoot developer, Toys for Bob , for the studio’s next game. Toys for Bob — also known for titles like Skylanders and the Spyro Reignited Trilogy —announced plans to become an indie developer, separate from Microsoft-owned Activision. The studio hinted at a potential partnership with Microsoft during this transition, prompting.

59

59

Financial Times M&A

MARCH 25, 2024

Plus, private equity’s bet on insurance faces scrutiny in Europe and Nelson Peltz dishes on Disney at lunch with the FT

79

79

Benzinga

MARCH 25, 2024

Monday, AbbVie Inc (NYSE: ABBV ) agreed to acquire Landos Biopharma Inc (NASDAQ: LABP ) for $20.42 per share, or approximately $137.5 million in the aggregate, plus one contingent value right per share with a value of up to $11.14 per share, or approximately an additional $75 million. The proposed transaction is expected to close in the second calendar quarter of 2024.

45

45

Equidam

MARCH 25, 2024

You can find in the table below a list of revenue multiples broken down into the same industry categories that we use on the Equidam platform (TRBC). The data is based on the annual estimate provided by Prof. Aswath Damodaran of the New York University for 2024. Revenue is the top line or gross income figure, the total income generated from goods sold or services provided.

EBITDA 57

EBITDA Banking Start-ups Business Valuation 57

Benzinga

MARCH 25, 2024

American Express Global Business Travel (Amex GBT), operated by Global Business Travel Group, Inc (NYSE: GBTG ), entered a definitive agreement to acquire CWT, a global business travel and meetings solutions provider. The transaction values CWT at approximately $570 million on a cash-free, debt-free basis. CWT serves 4,000 customers and is expected to generate about $850 million of revenues and $70 million – $80 million of Adjusted EBITDA in 2024. “Bringing CWT onto the proven Amex GBT sof

EBITDA 59

EBITDA Equity 59

Law 360 M&A

MARCH 25, 2024

The U.S. Securities and Exchange Commission said at the start of a California federal "shadow trading" trial that a former Medivation executive made $120,000 by buying stock in a rival after learning his company would be acquired by Pfizer, while the defense said he didn't believe the trades violated securities law.

52

52

Benzinga

MARCH 25, 2024

Industrial products maker Ingersoll Rand Inc (NYSE: IR ) has entered into an agreement to acquire ILC Dover from the investment firm New Mountain Capital, LLC. The deal includes an upfront cash purchase price of about $2.325 billion and an earnout tied to select operating efficiency metrics in 2024. At its maximum payout, the earnout increases the 17x upfront purchase multiple by less than one turn.

Equity 52

Equity 52

Law 360 M&A

MARCH 25, 2024

The former CEO of the electric pickup truck company once known as Lordstown Motors Corp. has agreed to pay $175,000 to settle the U.S. Securities and Exchange Commission's fraud claims over the alleged misrepresentation of its pre-sale demand for vehicles.

52

52

Benzinga

MARCH 25, 2024

MNC Capital Partners escalated its bid to acquire Vista Outdoor, Inc. (NYSE: VSTO ) to $37.50 per share, a proposal valuing the company at ~$3.0 billion. The revised offer represents a premium of over 16% to Vista’s closing price of $32.26 on Friday. This new bid surpasses Vista’s pre-offer share price of below $30.00 and significantly increases MNC’s initial February 19, 2024, offer.

Equity 52

Equity 52

Law 360 M&A

MARCH 25, 2024

Delaware's Supreme Court on Monday reversed the dismissal of a suit from former shareholders of TerraForm Power Inc. who challenged a squeeze-out merger by Brookfield Asset Management Inc., concluding a proxy statement failed to fully disclose alleged conflicts of interest involving special advisers Morgan Stanley & Co LLC and Kirkland & Ellis LLP.

52

52

Scott Mashuda

MARCH 25, 2024

Your Business’ Superpower: Early Collaboration with REAG and CEPAs Understanding the intricacies of operating a lower middle market (LMM) company is crucial for accurately assessing the challenges and opportunities these businesses face. While external perspectives can offer valuable insights, only those in touch with industry knowledge can truly grasp the nuanced hurdles hindering organic growth.

Mergers & Acquisitions 52

Mergers & Acquisitions Business Valuation Marketability Equity 52

Law 360 M&A

MARCH 25, 2024

Electric vehicle company Fisker had told federal regulators it is considering restructuring after the collapse of partnership talks with a "large automaker" endangered its attempts to secure $150 million in new financing.

Finance 52

Finance 52

M&A Leadership Council

MARCH 25, 2024

Peet van Biljon Advisor, BMNP Strategies LLC Peet van Biljon advises clients on strategy, transformation, and R&D and innovation management. He is a former consultant at McKinsey & Company and expert in the Strategy & Corporate Finance Practice. He also managed McKinsey’s global Innovation Practice. As part of his strategy and transformation advisory work, Peet occasionally assists corporate clients with M&A.

Corporate Finance 52

Corporate Finance Technology Finance 52

Law 360 M&A

MARCH 25, 2024

Kroger told a Colorado state judge Monday that it plans to "enhance" its $24.6 billion Albertson's merger to satisfy federal and state regulators, a plan it did not yet describe in detail and that Colorado said it has not seen.

52

52

Financial Times M&A

MARCH 25, 2024

Danish group seeks to branch out from diabetes and weight loss drugs with Cardior acquisition

79

79

Law 360 M&A

MARCH 25, 2024

A Texas hotel real estate investment trust asked a Texas federal court Sunday to stop a shareholder vote "from being infected with deception and misinformation," saying a New York-based hedge fund wants to run an illegal proxy contest to take control of the company's board of directors while hiding plans to buy it.

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