Fri.Sep 15, 2023

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Financial Implications of Rising Political Risk in the US

Harvard Corporate Governance

Posted by Stephen Davis (Harvard Law School), on Friday, September 15, 2023 Editor's Note: Stephen M. Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and a Co-organizer of the Capital+Constitution project. Calls to overturn elections and limit voting in the US are having a powerful, long-term, but under-the-radar impact on the financial world.

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Investors want to hear from companies about the value of sustainability

Mckinsey and Company

Investors want companies to sharpen their equity story and clarify the value of their sustainability initiatives. Here’s what company leaders can do.

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Weekly Roundup: September 8-14, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, September 15, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of September 8-14, 2023 Proceduralism: Delaware’s Legacy Posted by Dalia Tsuk Mitchell (George Washington University), on Friday, September 8, 2023 Tags: Agency , Blasius , Business Judgment , Caremark , Delaware articles , Delaware cases , Delaware Chancery , Delaware law , Delaware Supreme Court , Fai

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CFIUS Upcoming/New Filing: BAE Systems, Inc.; BAE Systems, plc and Aerospace business of Ball Corporation

National Law Review M&A

International Trade Practice at Squire Patton Boggs Jurisdiction: United Kingdom Delaware Type of Law: Mergers & Acquisitions Corporate & Business Organizations Antitrust & Trade Regulation Global

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How to Leverage Intent Data for Better Outcomes

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.

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The data dividend: Fueling generative AI

Mckinsey and Company

Data leaders should consider seven actions to enable companies to scale their generative AI ambitions.

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CFIUS Clearance: Ørsted A/S and Uncommitted lease area for wind development from Eversource Energy

National Law Review M&A

International Trade Practice at Squire Patton Boggs Jurisdiction: All Federal Denmark Type of Law: Mergers & Acquisitions Environmental, Energy & Resources Corporate & Business Organizations Special highlight:

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More Trending

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China’s Supreme People’s Court Releases 2023 People’s Courts Typical Anti-Monopoly and Anti-Unfair Competition Cases

National Law Review M&A

Aaron Wininger Jurisdiction: China Type of Law: Intellectual Property Litigation / Trial Practice Antitrust & Trade Regulation Mergers & Acquisitions Global

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How medium-size enterprises can better manage sourcing

Mckinsey and Company

Small and medium-size enterprises often struggle to find procurement cost savings. Yet there are ways to do it while still pursuing growth and providing a superior customer experience.

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Wilko left on the shelf despite final sales push

Financial Times M&A

Hopes of rescuing jobs and stores at collapsed discounter unravelled during at times ill-tempered administration

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Taxable and Nontaxable Employee Benefits

Machen McChesney

As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs, and values. Now, the onus is on employers to provide an environment that makes their star team members want to stay and also attracts new talent.

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Statement of Cash Flows vs. Cash Flow Statement

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

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Bankrupt Envision Strikes Settlement To End Securities Suit

Law 360 M&A

Envision Healthcare asked a Texas bankruptcy judge to approve a proposed settlement with investors who sued the KKR-backed physician staffing company over its alleged "surprise billing" practices, a move that would end litigation tied to a proposed class action that started in 2017.

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CFIUS Upcoming/New Filing: Enbridge Inc. and Dominion Energy

National Law Review M&A

International Trade Practice at Squire Patton Boggs Jurisdiction: All Federal Canada Virginia North Carolina Type of Law: Mergers & Acquisitions Utilities & Transport Antitrust & Trade Regulation Environmental, Energy & Resources

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Miami firm 777 Partners agrees to buy Everton FC

Financial Times M&A

Deal makes fund the latest American investor to buy into English Premier League

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Benchmark International Successfully Facilitated the Transaction Between Brunel Security Limited and The Obsequio Group

Benchmark Report

Benchmark International is pleased to announce the acquisition of Portishead-based Brunel by private equity-backed Obsequio. Brunel has 25 years’ expertise in designing, installing, and maintaining security systems, door entry systems, perimeter security, and fire detection and alarm systems. It also undertakes fire and security risk assessments, with employees security-cleared to government standards.

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Mastering Intent Data: Understanding its Importance & Best Practices

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.

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Valuation Multiples for a Restaurant

Peak Business Valuation

The restaurant industry includes local businesses that provide food services to seated customers. This industry is 100% fragmented as there are no major players in the restaurant industry. As such, restaurants face extreme competition from both internal and external players. According to IBIS World , there are about 157,000 restaurants throughout the country.

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Scaling Made Simpler

Benchmark Report

Building a successful business is hard, but many become their own boss and start a business. Being a business owner is challenging, and many businesses fail.

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Is Discover Financial in Crisis? It Mulls Student-Loan Business Sale After CEO Resignation

Benzinga

Discover Financial Services (NYSE: DFS ) is said to have been looking to sell its student loan business to streamline its operations. The move comes in the wake of a series of regulatory lapses, according to a report from Bloomberg. Though deliberations are underway, sources say that the company could also choose to retain the business. The business unit, with a $10.2 billion portfolio of private student loans, can earn interest from alternative.

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Rimon Adds Global Commercial Atty From ArentFox Schiff

Law 360 M&A

Rimon PC announced Friday that it has hired a commercial law partner from ArentFox Schiff LLP who began his legal career in Japan and has built up a diverse business-focused practice.

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IRS Imposes Freeze on ERC Claims Amid Concerns of Fraud

Trout CPA

In recent months, concerns have been mounting over a surge in improper claims for the Employee Retention Credit (ERC) program. To combat this issue, the Internal Revenue Service (IRS) has taken a significant step by announcing a moratorium on processing new ERC claims , effective immediately and lasting until at least the end of this year. This move aims to protect honest small business owners from scams and predatory tactics that have become all too common.

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Securing Your Cloud Data: Navigating Containerization for Business Owners

LaPorte

Data security in the cloud has been a persistent concern for business owners and financial leaders alike. Over time, established cybersecurity practices like two-factor authentication,… The post Securing Your Cloud Data: Navigating Containerization for Business Owners first appeared on LaPorte.

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Medtech Pulse: Thriving in the next decade

Mckinsey and Company

Medtech leaders are devising strategies to catch the next wave of value creation amid uncertain macroeconomics and evolving industry trends.

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Private Equity: CSRD May Impact You Too

John Jenkins

This Debevoise update may be a little different from our usual blog topics, but I worry that the EU’s Corporate Sustainability Reporting Directive (“CSRD”) — which requires companies to disclose significant sustainability information — is a “sleeper issue” that isn’t getting the attention it deserves.

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GMT Capital Corp. Opposes Proposed Acquisition of Pipestone Energy Corp. by Strathcona Resources Ltd.

Benzinga

ATLANTA, Sept. 15, 2023 (GLOBE NEWSWIRE) -- GMT Capital Corp. (" GMT ") today announces that it intends to oppose and vote against the proposed acquisition of Pipestone Energy Corp. (" Pipestone ") by Strathcona Resources Ltd. (" Strathcona "). GMT opposes the acquisition of Pipestone by Strathcona for a number of reasons including that GMT believes the consideration offered by Strathcona undervalues the common shares of Pipestone (the "Pipestone Shares").

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US PE Firm Buys Everton Soccer Club In Reported $682M Deal

Law 360 M&A

In a deal built by three firms, private equity shop 777 Partners LLC has bought Everton Football Club from majority owner Farhad Moshiri as the days of soccer owner-benefactors "are seemingly out of reach," the parties said Friday.

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Green Shift Closes Previously Announced Acquisition of Option to Acquire the Armstrong Lithium Project in Ontario, Canada and Provides Corporate Update

Benzinga

TORONTO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (OTCQB: GRCMF ), (" Green Shift ", " GCOM " or the " Company ") is pleased to announce that it has completed the previously announced acquisition (the " Transaction ") of an existing option (the " Option ") to purchase a 100% interest in the Armstrong Lithium Project (the " Armstrong Project " or the " Project ").

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Del. Corporate Law Overhaul Delivers On Flexibility For Cos.

Law 360 M&A

Recent amendments to the Delaware General Corporation Law provide needed flexibility to public companies, including by making it easier to effect stock splits or changes to authorized shares, and by streamlining the process to ratify defective corporate acts, say attorneys at Venable.

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Excelitas Technologies to Acquire Heraeus Noblelight Business from Heraeus Group

Benzinga

WALTHAM, Mass., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Excelitas Technologies Corp. , a leading industrial and medical technology manufacturer focused on delivering innovative, market-driven photonic solutions, announced that it has signed a definitive agreement with Heraeus Group (Hanau, Germany) to acquire the Heraeus Noblelight business with approximately 850 employees, including operations in Germany, United Kingdom, United States, China and Japan, along with several key application centers.

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Ex-Alexion Vice President Admits To Insider Trading Charges

Law 360 M&A

A former Alexion Pharmaceuticals Inc. vice president pled guilty in New York federal court Friday to tipping off a childhood friend about the company's $1.4 billion purchase of another biotech firm in 2020.

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Inman Kircher McBride Agency Joins World Insurance Associates

Benzinga

Iselin, NJ, Sept. 15, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC ("World"), a Top 50 Insurance Brokerage, announced today that Inman Kircher McBride Agency, Inc. ("IKM") of Harvey Cedars, NJ joined World on September 1, 2023. Terms of the transaction were not disclosed. IKM provides personal insurance programs for auto, home, coastal homes, seasonal and vacation homes and rental homes.

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Playtika Paying Up To $300M For Gaming Peer Innplay Labs

Law 360 M&A

Israeli mobile gaming entertainment and tech company Playtika Holding Corp. on Friday announced that it has agreed to buy Israeli mobile gaming studio Innplay Labs for up to $300 million.

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Ross Acquisition Corp II Announces Shareholder Approval of Extension of Deadline to Complete a Business Combination

Benzinga

PALM BEACH, Fla., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Ross Acquisition Corp II (NYSE: ROSS ) (the "Company") announced today that its shareholders approved amendments to the Company's Amended and Restated Memorandum and Articles of Association to, amongst other things, extend the date by which the Company must consummate a business combination from September 16, 2023 to March 16, 2024 (such proposal, the "Extension Amendment Proposal").

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Don't Miss It: Sidley, Willkie Guide Week's Hot Deals

Law 360 M&A

A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Sidley Austin LLP and Willkie Farr & Gallagher LLP.

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Off The Bench: NFL Racism, Pac-12 Exodus, And Golf Docs

Law 360 M&A

This week's Off The Bench features a football reporter's explosive racism allegations against the NFL, a power struggle in the dwindling Pac-12 conference, and the U.S. Senate's intensifying effort to secure documents and testimony from LIV Golf's Saudi financiers.

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Warren Doubts Pentagon Role In $4.7B L3Harris-Aerojet Deal

Law 360 M&A

Sen. Elizabeth Warren on Friday expressed concern over the U.S. Department of Defense's role in L3Harris' now-completed, controversial $4.7 billion acquisition of Aerojet Rocketdyne, citing a previous Pentagon report that said consolidations would lead to serious national security consequences.

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