Harvard Corporate Governance

MAY 16, 2022

Posted by Pam Greene, David Kritz, and Anna Barrera, Aon plc, on Monday, May 16, 2022 Editor's Note: Pam Greene is Partner, David Kritz is Associate Partner, and Anna Barrera is Senior ESG Consultant at Aon plc. This post is based on an Aon memorandum by Ms. Greene, Mr. Kritz, Ms. Barrera, and Grant Hinrichsen. Related research from the Program on Corporate Governance includes Stakeholder Capitalism in the Time of COVID , by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita (discussed on the

Equity 286

Equity 286

NYT M&A

MAY 16, 2022

The magazine, bought by a marketing company, briefly hosted clickbait content. Scandal ensued. After a flurry of negotiation, it is now back with its first publisher, McSweeney’s.

Marketability 98

Marketability Mergers & Acquisitions 98

Harvard Corporate Governance

MAY 16, 2022

Posted by William W. Clayton (Brigham Young University), on Monday, May 16, 2022 Editor's Note: William W. Clayton is an Associate Professor at Brigham Young University Law School. This post summarizes his recent comment letter to the U.S. Securities and Exchange Commission. The SEC recently published a proposed rule (the “Proposal”) that would impose unprecedented mandatory disclosure obligations and various other forms of intervention in the private funds industry. [1] On April 21, 2022, I fil

Equity 203

Equity Marketability 203

Appraisers Blog

MAY 16, 2022

Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes things worse when they only have their plan in mind and NOT the FACTS from the people they are about to hurt. This is especially true in the Real Estate Appraisal profession and the newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022.

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Appraisal Banking 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

Harvard Corporate Governance

MAY 16, 2022

Posted by Gail Weinstein, Andrew J. Colosimo, and Mark H. Lucas, Fried, Frank, Harris, Shriver & Jacobson LLP, on Monday, May 16, 2022 Editor's Note: Gail Weinstein is senior counsel, and Andrew Colosimo and Mark H. Lucas are partners at Fried, Frank, Harris, Shriver & Jacobson LLP. This post is based on a Fried Frank memorandum by Ms. Weinstein, Mr.

Appraisal 198

Appraisal 198

Benzinga

MAY 16, 2022

The Analyst. Pablo Zuanic , from Cantor Fitzgerald , rated Columbia Care Inc. (OTC: CCHWF ) as Overweight with a price target of $5.10. The Thesis. Columbia Care reported its unaudited financial and operating results for the first quarter ended March 31, 2022, on Monday. The firm reported revenue of $123 million, an increase of 43% YoY, and a gross profit of $57 million -an increase of 68% YoY.

Marketability 98

Marketability 98

Benzinga

MAY 16, 2022

Spirit Airlines Inc (NYSE: SAVE ) shares are trading higher Monday after JetBlue Airways Corp (NASDAQ: JBLU ) launched a hostile takeover bid for the discount airline. JetBlue announced that it has filed a "Vote No" proxy statement urging Spirit shareholders to vote against Spirit's proposed combination with Frontier. Full story available on Benzinga.com.

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Law 360 M&A

MAY 16, 2022

Turtle Beach Corp., a video gaming accessories maker, said Monday it will work with activist investor The Donerail Group and other stockholders to refresh the company's board of directors and review potential buyers of the business, with help from three law firms.

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Benzinga

MAY 16, 2022

French automaker Renault SA (OTC: RNLSY ) has agreed to sell 100% of its shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to NAMI. NAMI is a state-backed. Full story available on Benzinga.com.

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Mckinsey and Company

MAY 16, 2022

Don’t wing it; Google it. With unlimited information at our fingertips, one data scientist says people can boost happiness and success by relying more on research than intuition.

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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

Benzinga

MAY 16, 2022

Emirates state-backed telecom firm e& acquired a 9.8% stake in Vodafone Group Plc (NASDAQ: VOD ), Bloomberg reports. Emirates Telecommunications Group Company PJSC , now known as e& bought a $4.4 billion stake offering 130 pence ($1.59) a share. Vodafone CEO Nick Read is trying to consolidate in key markets amid pressure from shareholders. Also Read: Vodafone Receives Takeover Bids For Vantage.

Marketability 96

Marketability 96

Mckinsey and Company

MAY 16, 2022

As interest in the circular economy grows, emerging recycling technologies that are complementary with mechanical recycling are accelerating.

Technology 108

Technology 108

NYT M&A

MAY 16, 2022

“This is a complicated issue that’s without precedent and with profound consequences,” said Chris Kempczinski, the chief executive of McDonald’s.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

Mckinsey and Company

MAY 16, 2022

Achieving net-zero carbon emissions will require investment and action on a massive scale. How can the United States meet the challenge of this moment?

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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

NYT M&A

MAY 16, 2022

The carrier made a tender offer valued at $3.2 billion, and said it was willing to pay more if Spirit cooperated with an acquisition.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

Mckinsey and Company

MAY 16, 2022

The act funds hundreds of programs. Our BIL Navigator has been designed to help governments identify programs, monitor key deadlines, and more.

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NYT M&A

MAY 16, 2022

Mr. Musk has been creating confusion around whether the Twitter deal will close, causing the social media company’s share price to fall.

Mergers & Acquisitions 95

Mergers & Acquisitions 95

Financial Times M&A

MAY 16, 2022

Tesla chief executive pushes bot concerns amid speculation he is trying to reopen or walk away from deal

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NYT M&A

MAY 16, 2022

But the deal would allow the French automaker to repurchase its share of the company in case it wants to return to Russia in the future.

Mergers & Acquisitions 92

Mergers & Acquisitions 92

Law 360 M&A

MAY 16, 2022

Facebook consumers asked a California federal judge Friday to force parent company Meta to turn over material from its internal investigation into the Cambridge Analytica data harvesting scandal, arguing the social media giant's control over data is directly relevant to their antitrust allegations.

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Mckinsey and Company

MAY 16, 2022

Explore Bipartisan Infrastructure Law programs and monitor upcoming deadlines with BIL Navigator.

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Law 360 M&A

MAY 16, 2022

Elon Musk kept himself in the spotlight with a cold-feet tweet, a Delaware municipality defended its ordinance on the disposal of fetal tissue, and a law firm got taken to task for leaving too many details out of a court filing. In case you missed any of it, here's a wrap-up of the news last week out of Delaware's Chancery Court.

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Norman Marks

MAY 16, 2022

Over the years as a CAE, I learned that there was a better way to steer the audit team. Instead of asking them to assess the system of internal control over a process or business unit (an approach that is disconnected from enterprise objectives), or whether the controls provide reasonable assurance that specified risks are […].

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Auto Dealer Valuation Insights

MAY 16, 2022

In this week’s post, we take a look at a few key macroeconomic trends that developed in the, shall we say, busy, first quarter of 2022. Between volatile equity markets, mounting global geopolitical tensions, raging inflation, and increasing interest rates, a lot went on in the year’s first quarter from a macro perspective. We hope that the discussion below cuts through some of the “noise” and.

Equity 59

Equity Marketability 59

Cooley M&A

MAY 16, 2022

The Council of the Corporation Law Section of the Delaware State Bar Association has provided recommendations to the Delaware General Assembly for a number of changes to the Delaware General Corporation Law, some of them significant, such as an amendment authorizing charter provisions that would eliminate the personal liability of specified officers for breaches of the duty of care—basically, an extension of DGCL Section 102(b)(7).

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Financial Times M&A

MAY 16, 2022

Fast-food chain expected to book non-cash charge of up to $1.

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Benzinga

MAY 16, 2022

Pune, India, May 17, 2022 (GLOBE NEWSWIRE) -- The global toothbrush market size was USD 6.78 billion in 2021. The market is expected to grow from USD 6.90 billion in 2022 to USD 9.14 billion in 2029 , exhibiting a CAGR of 4.1% during the forecast period. The rising awareness regarding oral hygiene and the emergence of disposable toothbrushes is expected to bolster industry growth.

Marketability 52

Marketability 52

Law 360 M&A

MAY 16, 2022

A retail investor with shares worth less than $600 emerged Monday as class representative for a Delaware Chancery Court suit asserting as much as $1 billion in damages to stockholders in an allegedly unfair sale of Straight Path Communications in 2017, while a $1.6 billion fund failed to secure court approval as co-lead plaintiff.

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Benzinga

MAY 16, 2022

Pune, India, May 17, 2022 (GLOBE NEWSWIRE) -- The silicone surfactants market size was valued at USD 2.04 billion in 2021. The market size is expected to rise from USD 2.13 billion in 2022 to USD 2.99 billion by 2029 at a CAGR of 5.0% during the projected period. Fortune Business Insights™ publishes this information in a report titled, " Silicone Surfactants Market, 2022-2029" According to the report, the market is expected to rise during the forecast period due to increasing dema

Marketability 52

Marketability 52

Auto Dealer Valuation Insights

MAY 16, 2022

Determining the value of financial assets in a divorce case can often be the most complicated aspect of the case. The value of certain assets, such as a retirement account or a bank account, can be determined by a brokerage or bank statement/balance as close to the date of trial or settlement as possible. An asset such as a closely held business may be the most valuable asset in the marital estate.

Banking 52

Banking 52

Benzinga

MAY 16, 2022

InterCure (NASDAQ: INCR ) released its financial results for the first quarter of 2022 and provided shareholders with a business update. All amounts are expressed in Canadian dollars or New Israeli Shekels (NIS) unless otherwise noted. First Quarter 2022 and Recent Financial & Operating Highlights. All-time record quarterly revenue of $34 million (NIS 87 million), almost three times greater than Q1 2021 ($13 million or NIS 33 million) and up 9% sequentially compared to the prior quarter.

EBITDA 52

EBITDA Marketability 52

Appraisal Rights

MAY 16, 2022

The State of Michigan Retirement System Proxy Voting Guidelines are straightforwardly “ for ” on appraisal, writing: “Appraisal rights are intended to help protect shareholders from unfair pricing in corporate transactions. The SMRS will vote for proposals that (i) provide shareholders with appraisal rights, (ii) restore rights of appraisal, or (iii) which otherwise support rights of appraisal.”.

Appraisal 52

Appraisal 52

Benzinga

MAY 16, 2022

Franchise Global Health Inc. (TSX-V:FGH) (FRA:WV4A) has entered into a letter of intent dated effective May 6, 2022, outlining the general terms and conditions pursuant to which it has agreed to acquire a leading German pharmaceutical distributor. Management of Franchise Global expects that the acquisition, if completed, will strengthen the company's end-to-end pharmaceutical, medical cannabis operations and infrastructure in Germany, a key market for the company.

Marketability 52

Marketability 52

Law 360 M&A

MAY 16, 2022

JetBlue on Monday launched a hostile takeover for Spirit Airlines in an attempt to swing investors away from Spirit's $6.6 billion merger with Frontier Group, in a move that comes two weeks after its $3.6 billion bid for Spirit was rejected.

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