Harvard Corporate Governance

OCTOBER 4, 2023

Posted by Alexander I. Platt (University of Kansas School of Law), on Wednesday, October 4, 2023 Editor's Note: Alexander I. Platt is Associate Professor at the University of Kansas School of Law. This post is based on his recent paper , forthcoming in The Journal of Corporation Law. Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; and Pre-Disclosure Accumulations by Activist In

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Equity 199

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients.

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Accounting Firms Technology Compliance Data Analysis 111

Harvard Corporate Governance

OCTOBER 4, 2023

Posted by Lindsey Stewart, Morningstar, Inc, on Wednesday, October 4, 2023 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 141

Marketability 141

Mckinsey and Company

OCTOBER 4, 2023

The sustainable-fuel market is nascent, complex, and growing fast. Traders that develop an in-depth understanding across different fuels, feedstocks, and regions can gain a competitive advantage.

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Marketability 105

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

Musings on Markets

OCTOBER 4, 2023

As we enter the last quarter of 2023, it has been a roller coaster of a year. We started the year with significant uncertainty about whether the surge in inflation seen in 2022 would persist as well as about whether the economy was headed into a recession. In the first half of the year, we had positive surprises on both fronts, as inflation dropped after than expected and the economy stayed resilient, allowing for a comeback on stocks, which I wrote about in a post in July 2023.

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Marketability Start-ups Risk Premium Treasury 104

N Contracts

OCTOBER 4, 2023

The Justice Department (DOJ) continues to fulfill Attorney General Merrick Garland's 2021 promise that his department would “spare no resources” in upholding fair lending laws – this time with a $9 million redlining settlement with a $7 billion-asset Rhode Island bank.

Banking 99

Banking Compliance 99

Benzinga

OCTOBER 4, 2023

VSE Corporation (NASDAQ: VSEC ) has entered into an asset purchase and perpetual license agreement with Honeywell International Inc (NASDAQ: HON ). VSE acquired the perpetual license and asset for $105 million. The purchase price also included $12 million of existing inventory. Under the agreement, VSE will exclusively manufacture and support certain of Honeywell's fuel control systems on four key engine platforms through its VSE Aviation business.

Equity 98

Equity Marketability 98

Machen McChesney

OCTOBER 4, 2023

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but the general rule is contained in the first sentence of Section 162, which states you can write off “all the ordinary and necessary expenses paid or incurred during the taxable ye

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Brian DeChesare

OCTOBER 4, 2023

Whenever I watch a new movie or TV show, I always try to go in optimistic – even if I have doubts about the premise, writing, or production values. Unfortunately, my initial instincts are often correct: If I have a bad feeling about something, it usually has issues. And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day.

Finance 90

Finance Start-ups Banking Marketability 90

Accountancy Today

OCTOBER 4, 2023

FRP Corporate Finance has announced its team has advised management and private equity investment manager Foresight Group LLP on its sale of e-commerce personalisation platform, Fresh Relevance for £25m. Headquartered in Southampton, Fresh Relevance is a SaaS-based personalisation and decision engine for online businesses and was co-founded in 2013.

Corporate Finance 79

Corporate Finance Finance eCommerce Equity 79

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

OCTOBER 4, 2023

In the second quarter 2023, the economies of most countries in Southeast Asia decelerated marginally in the face of rising inflation, global economic downturn, and country-specific factors.

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Financial Times M&A

OCTOBER 4, 2023

New Department of Justice enforcement policy will encourage more disclosure of potential misconduct

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Law 360 M&A

OCTOBER 4, 2023

Bankrupt pillow maker Pegasus Home Fashions has asked a Delaware judge to let it use nearly $803,000 to incentivize linchpin employees to stay with the company during its bankruptcy case.

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Mckinsey and Company

OCTOBER 4, 2023

The IT services industry presents attractive opportunities for value creation through M&A. Here’s the playbook.

Equity 93

Equity 93

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

OCTOBER 4, 2023

Plus, General Atlantic’s secondaries pivot and the pharma bankruptcy hurting opioid victims a second time over

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Vested

OCTOBER 4, 2023

Employee buy-in is imperative to ensure that your company share scheme is a success. But your team will undoubtedly have questions. Here's how to prepare.

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Shephard Mullin M&A

OCTOBER 4, 2023

Mergers and acquisitions activity is significantly influenced by economic conditions. Factors such as gross domestic product growth, interest rates and market volatility create an undeniable influence on deal volume. When economic circumstances are favorable, it can seem easy to close transactions. Conversely, when the economy faces headwinds, buyers are more cautious and often kick more tires before initiating closing wires.

Technology 59

Technology Compliance Finance Marketability 59

Benchmark Report

OCTOBER 4, 2023

In the world of business, if marriage vows stand for verbal contracts, a Shareholder or Shareholders' Agreement (depending on jurisdiction) (“SA”) is the prenuptial agreement that no couple - or in this case, partners - should overlook. It’s a silent, yet formidable, guardian that ensures the romance of entrepreneurship doesn’t lead to a messy breakup.

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N Contracts

OCTOBER 4, 2023

Keeping up with regulatory change is a full-time job. That’s why Ncontracts has a team of regulatory attorneys and certified compliance professionals dedicated to making sure we have the latest, most-up-to-date information on regulations, guidance, and which way the regulatory winds are blowing.

Compliance 59

Compliance Banking 59

Sun Acquisitions

OCTOBER 4, 2023

Every entrepreneur dreams of building a successful business, but there comes a time when it’s necessary to transition to the next phase of life. Whether you’re retiring, pursuing new opportunities, or simply seeking a change, exiting your business is a significant decision that requires careful planning and execution. This guide will explore essential steps to help you prepare for this next chapter and ensure a smooth transition, empowering you to exit your business confidently.

Compliance 59

Compliance 59

Financial Times M&A

OCTOBER 4, 2023

Stakes in Clipway, founded by a former top executive at Ardian, are an attempt to gain exposure to fast-growing strategy

Equity 74

Equity 74

Peak Business Valuation

OCTOBER 4, 2023

IT consulting firms provide IT services for various industries. These services often include writing and testing custom software, working with IT infrastructure, and on-site computer system management. In recent years, the demand for IT consulting services has increased. According to IBIS World , this industry generated over $665 billion dollars in revenue over the past 5 years.

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Discounted Cash Flow Business Valuation Appraisal Fair Market Value 52

Benzinga

OCTOBER 4, 2023

PTC Inc (NASDAQ: PTC ) has acquired pure-systems, a provider of product and software variant management solutions. Deal terms were not disclosed. PTC noted manufacturing firms utilize pure::variants, a solution provided by pure-systems, to effectively handle the diverse software and systems engineering assets within their product configurations. Prior to the acquisition, PTC and pure-systems had already.

Equity 52

Equity Marketability 52

Avanade

OCTOBER 4, 2023

For nonprofits, protecting operations and resources against cyber threats is essential to maintaining donor trust, protect sensitive data, and ensure uninterrupted community outreach.

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Benzinga

OCTOBER 4, 2023

AI-driven proactive outreach provider LiveVox Holdings, Inc 's (NASDAQ: LVOX ) shares are up Wednesday morning as it agreed to be acquired by NICE Ltd (NASDAQ: NICE ) for $3.74 per share in cash. The deal price represents a premium of 12% over LVOX's last closing price. Under the deal, NICE's CXone platform joins LiveVox's proactive outreach portfolio to offer organizations a unified platform for deploying conversational AI across various customer engagements.

Equity 52

Equity Marketability 52

Law 360 M&A

OCTOBER 4, 2023

The U.S. Department of Justice launched a new policy Wednesday that says the agency won't prosecute companies that self-report potential violations occurring within an acquisition target's business — if it's done within six months of a deal's closing.

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Benzinga

OCTOBER 4, 2023

Civitas Resources Inc (NYSE: CIVI ) penned a deal with Vencer Energy to acquire oil-producing assets in the Midland Basin of west Texas for around $2.1 billion. The acquisition is priced at 2.8x 2024 estimated adjusted EBITDAX at $80/Bbl NYMEX WTI and $3.50/MMBtu NYMEX Henry Hub. The buyout price comprises the issuance of about 7.3 million shares to Vencer and $1.55 billion in cash.

Equity 52

Equity Marketability 52

Rhythm Systems

OCTOBER 4, 2023

Growth doesn’t happen by accident. To achieve sustainable, profitable growth, organizations must become disciplined at working “on” the business, not just “in” it. The secret to business performance is developing the right habit of strategic thinking. This is one of the key principles in the Rhythm of Work that has helped thousands of companies over the last two decades.

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Benzinga

OCTOBER 4, 2023

Shares of Orange SA (NYSE: ORAN ) were rising in early trading on Wednesday. The stock is among the few in the wider European telecom sector that captures all the elements that investors favor, including “improving competitive trends; a path to lower investment needs; in-market consolidation opportunities; infra ownership; and a route to growing dividend returns,” according to BofA Securities.

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Dividends Marketability 52

Law 360 M&A

OCTOBER 4, 2023

A new mergers and acquisitions study shows that even as M&A deal making has fallen to a 10-year low, Latham & Watkins LLP has completed the most transactions in 2023 so far.

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Benzinga

OCTOBER 4, 2023

Cisco Systems Inc’s (NASDAQ: CSCO ) acquisition strategy has historically been characterized by a series of calculated, measured investments. However, its recent acquisition of Splunk Inc (NASDAQ: SPLK ) sends a clear message: Cisco is ready to play big. At $28 billion, this acquisition is set to be the largest in Cisco's history. It marks a significant push for the company to diversify from its primary hardware networking business towards more software and subscription-based services,

Marketability 52

Marketability 52

Financial Times M&A

OCTOBER 4, 2023

UK fashion retailer signs partnership with conglomerate for brand assets in India, Sri Lanka and Bangladesh

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Benzinga

OCTOBER 4, 2023

ATLANTA, Oct. 04, 2023 (GLOBE NEWSWIRE) -- SageHome , the aging-in-place specialist, is pleased to announce its acquisition of Safe Showers LLC , underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome's operations into Texas and across the South, and reflects a step change in the company's acquisition activity.

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Law 360 M&A

OCTOBER 4, 2023

U.K. clothing brand Superdry PLC said Wednesday that it has signed a joint venture agreement to sell its intellectual property rights in three southern Asian countries to a subsidiary of Reliance Retail Ventures Ltd. for £40 million ($49 million).

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