Harvard Corporate Governance

MAY 20, 2024

Posted by Lily Fang (INSEAD) and Sterling Huang (SMU), on Monday, May 20, 2024 Editor's Note: Lily Fang is a Professor of Finance at INSEAD and Sterling Huang is an Associate Professor of Accounting at Singapore Management University. This post is based on their recent article forthcoming in the Journal of Financial Economics. Despite an extensive literature on CEO and executive compensation spurred by public concerns about corporate governance and excess compensation, director compensation has

Finance 138

Finance Firm Value 138

Benchmark Report

MAY 20, 2024

In any merger or acquisition, the buyer and seller anticipate synergy will be crucial. Synergy in M&A can manifest in several forms, but cost synergy is one of these critical areas. It is essential to note that cost synergy is not the same as revenue or financial synergy. We will delve into those topics in upcoming articles.

111

111

Harvard Corporate Governance

MAY 20, 2024

Posted by Sanford Lewis, Shareholder Rights Group, on Monday, May 20, 2024 Editor's Note: Sanford Lewis is Director of the Shareholder Rights Group. This post is based on his Shareholder Rights Group memorandum. Evaluation of SEC staff no action decisions on shareholder proposals from November 1, 2023 to May 1, 2024 demonstrates that the SEC has supported company requests for exclusion of proposals roughly 68% of the time.

122

122

Law 360 M&A

MAY 20, 2024

Kroger and the Federal Trade Commission are at each other's throats over discovery in the agency's in-house challenge to the grocery giant's $25 billion merger with Albertsons and in district court, with the grocers accusing the agency of "running out the clock" and the FTC accusing the grocers of deleting text messages.

98

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

Appraisers Blog

MAY 20, 2024

So, what has happened to the one’s constitutional “right to privacy”, homeowners and appraisers included, how about, appraiser’s confidentiality with their work ? Pretty sure these groups don’t care. I am glad I retired last week after 46 years in this profession.

Appraisal 91

Appraisal 91

Financial Times M&A

MAY 20, 2024

More clarity is needed from government on which companies should be protected

116

116

BV Specialists

MAY 20, 2024

Many of us know how difficult it is when you are going through a divorce, and as a business owner, the stakes are even higher. On top of the anguish and mental toll, a divorce can take on you personally, if you own a company or your soon-to-be ex-spouse owns one, and you need to consider this asset as part of the settlement, the first thing you will need to do is obtain a current valuation.

Appraisal 76

Appraisal Finance 76

Appraisers Blog

MAY 20, 2024

First Amazon plants their ears (Alexa) in your residence and now this? Who will be the first to shove their snoot under your door and “sell your smell” to the highest bidder?

Appraisal 90

Appraisal 90

Financial Times M&A

MAY 20, 2024

Legal & General says it is confident Anglo’s management can deliver as miner fends off interest from larger rival

94

94

Appraisers Blog

MAY 20, 2024

Fannie actions mirror the Chinese spying on their citizen’s. This is really scarry stuff. Endorsed by the US Gov or not, it’s a private company. Pure BS.

93

93

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

Benzinga

MAY 20, 2024

MultiMetaVerse Holdings Limited (NASDAQ: MMV ), an animation and entertainment company, has signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. MMV will issue Class A ordinary shares as consideration, subject to further due diligence and negotiation, with a one-year lock-up period. MMV has an exclusive 90-day period to finalize a definitive agreement to acquire Bowong AI.

Technology 65

Technology Equity 65

Appraisers Blog

MAY 20, 2024

If one does not believe, their constitutional “right to privacy” is gone, read the above AGAIN. Does “confidentiality of our work”, mean anything? I retired last week after 46 years in this profession. For those who are planning on staying in the business, I can only wish you the best !

89

89

Machen McChesney

MAY 20, 2024

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes.

59

59

Appraisers Blog

MAY 20, 2024

Fannie and Freddie are under government conservatorship, yet they get away with this crap. What they are doing is an invasion of privacy and it puts US citizens in peril. There’s those at Fannie and Freddie that should be locked in cells for this injustice. Yet our government does nothing. Crickets! Shame on you Uncle Sam!

86

86

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

Benzinga

MAY 20, 2024

Overseas Shipholding Group, Inc. (NYSE: OSG ) shares are trading higher after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources. The transaction is valued at an aggregate equity value of around $653 million and a total transaction value of $950 million. As per the terms, Saltchuk will commence a tender offer to fully acquire Overseas Shipholding it does not already own for $8.50 per share in cash.

Equity 59

Equity 59

Appraisers Blog

MAY 20, 2024

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants thanks to Fannie & Freddie.

94

94

Benzinga

MAY 20, 2024

BHP Group ‘s (NYSE: BHP ) pursuit of Anglo American (OTCQX: AAUKF ) has become increasingly complex as a May 22 deadline approaches. BHP’s initial $43 billion offer to acquire its rival has been rejected twice, prompting BHP to weigh a revised proposal. However, BHP hesitates to move forward without some sign of reciprocation from Anglo, at a pivotal time for the industry since copper and gold just hit fresh all-time highs.

59

59

Appraisers Blog

MAY 20, 2024

UWM has taken over as the AMC and the lender. (lots of google results) and they just added a fee to EVERY order. If the order comes over at $700 that sounds great… but its not $700 Its 700-$29 lender QC fee 700-$16 platform fee 700-$20.60 fee which is a percentage that slides around. In addition, they MANDATE you ONLY use Stripe to get paid and they take an extra ~3% fee out of your pay. 700=700-29-16-20.60-21=613.

82

82

Financial Times M&A

MAY 20, 2024

Andrea Guerra suggests Italian luxury group is not looking to snap up competitors such as Armani or Versace

82

82

Appraisers Blog

MAY 20, 2024

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants thanks to Fannie & Freddie.

91

91

The Guardian M&A

MAY 20, 2024

Video game services company backs EQT private equity bid in latest foreign move on UK-listed firm Business live – latest updates The video game services company Keywords Studios has said it would be willing to accept a £2bn buyout offer, in the latest foreign takeover of a London-listed business. Shares in the Dublin-headquartered Keywords jumped 62% on Monday morning after it said it would be minded to recommend an offer from the Swedish private equity investor EQT Group.

Equity 61

Equity Mergers & Acquisitions Technology 61

Appraisers Blog

MAY 20, 2024

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants thanks to Fannie & Freddie.

91

91

Financial Times M&A

MAY 20, 2024

Private equity group’s move to take over Japanese operations of fried chicken chain is a tender offer

Equity 79

Equity 79

Appraisers Blog

MAY 20, 2024

In reply to cc. One then considers if this operational method would require ANOW to register as an amc appraisal management company or not. There is specific regulatory language there that can be reviewed. How does that go again? If a company oversees more than so many appraisers and controls aspects of engagement, selects appraisers, defined as an appraisal management company, must register as such, etc, etc.

Appraisal 80

Appraisal 80

LaPorte

MAY 20, 2024

(authored by RSM US LLP) Explore the tax implications of debt cancellation across different entities with our introductory guide on CODI. The post Tax effects of cancellation of debt across different entities first appeared on LaPorte.

52

52

Appraisers Blog

MAY 20, 2024

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants thanks to Fannie & Freddie.

90

90

Law 360 M&A

MAY 20, 2024

Ex-Autonomy CEO Michael Lynch took home more than $516 million from the software company's $11.7 billion sale to HP, an FBI agent testified Monday as the government's last witness in a trial over allegations Lynch duped HP into overpaying to buy the company.

52

52

Benzinga

MAY 20, 2024

Nature’s Miracle Holding Inc. (NASDAQ: NMHI ), a vertical farming technology and infrastructure provider, and Agrify Corporation (NASDAQ: AGFY ), a leader in cultivation and extraction technologies for the cannabis industry , have mutually agreed to terminate their previously announced merger plan due to unfavorable market conditions. The decision, announced Monday, comes just four days after the merger plan was initially revealed.

Marketability 52

Marketability Technology 52

Law 360 M&A

MAY 20, 2024

Caterpillar and a defunct equipment importer have asked a Delaware federal court for a new trial after a jury cleared Caterpillar of antitrust violations but found it caused the importer $100 million in damages by interfering with its contract.

52

52

Benzinga

MAY 20, 2024

CyberArk Software Ltd. (NASDAQ: CYBR ) inked a deal to acquire Venafi from Thoma Bravo for an enterprise value of $1.54 billion. The acquisition value includes around $1 billion in cash and about $540 million in shares. The transaction is expected to close in the second half of 2024, subject to customary closing conditions. Post closure, the company expects Venafi to add around $150 million in annual recurring revenue (ARR).

Enterprise Value 52

Enterprise Value Equity 52

Law 360 M&A

MAY 20, 2024

Alaska Airlines has told a federal judge that its proposed merger with Hawaiian Airlines would enhance consumer choice and lower fares, rejecting allegations in an antitrust lawsuit that it would diminish service, cut jobs and erase a legacy brand in the Aloha State.

52

52

Benzinga

MAY 20, 2024

Dating app company Bumble Inc. (NASDAQ: BMBL ) has announced plans to acquire Geneva , an app designed for group and community connections based on shared interests. The financial terms were not disclosed. Bumble’s suite of apps currently includes Bumble, Badoo, Fruitz for dating, Official for committed relationships, Bumble For Friends for friendships, and Bumble Bizz for professional networking.

Equity 52

Equity 52

Law 360 M&A

MAY 20, 2024

A shareholder of a blank-check company who's suing its sponsor and top leaders in Delaware's Court of Chancery got the green light Monday to move ahead with most of his proposed class claims related to the SPAC's $4.75 billion merger with the online sports betting company that runs online casinos Betway and Spin.

52

52

Benzinga

MAY 20, 2024

Independent Bank Group, Inc. (NASDAQ: IBTX ) shares are trading higher after the company inked a deal to be acquired by SouthState Corporation (NYSE: SSB ) in an all-stock transaction valued at around $2 billion. As per the terms, Independent Bank shareholders will receive 0.60 shares of SouthState stock for each share they hold. This equates to $48.51 based on SouthState’s closing stock price of $80.85 as of May 17, representing a premium of over 10% to IBTX’s last closing price of

Banking 52

Banking Equity 52