Wed.Sep 07, 2022

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BlackRock Voting Spotlight—A Look Into the 2021-2022 Proxy Voting Year

Harvard Corporate Governance

Posted by Sandra Boss and Michelle Edkins, BlackRock, Inc., on Wednesday, September 7, 2022 Editor's Note: Sandra Boss is Global Head of Investment Stewardship and Michelle Edkins is Managing Director of Investment Stewardship at BlackRock, Inc. This post is based on their BlackRock memorandum. Consistent with BlackRock’s fiduciary duty as an asset manager, BIS’ purpose is to support companies in their efforts to deliver long-term durable financial performance on behalf of our clients.

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Meet the Speakers—2022 AAML/BVR National Divorce Conference: Part 2

BVR

The 2022 AAML/BVR National Divorce Conference is right around the corner—read on to meet members of our planning committee!

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Reducing food loss: What grocery retailers and manufacturers can do

Mckinsey and Company

An estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet.

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Chancery Won't Delay Musk-Twitter, OKs Counterclaim

Law 360 M&A

Elon Musk won clearance Wednesday to amend his defense and counterclaims against a Delaware Court of Chancery suit by Twitter to force his closing on a $44 billion take private deal, but failed in a bid to delay an Oct. 17 trial kickoff for the dispute.

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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 future of payments in Africa

Mckinsey and Company

Innovations, entrepreneurs, and capital are reshaping Africa’s fast-growing electronic-payments landscape with solutions for consumers and businesses alike.

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Green Check Verified Acquires PayQwick To Boost Financial Ecosystem And Help Cannabis Businesses

Benzinga

Green Check Verified (GCV), a leading fintech provider of compliant cannabis solutions and services to financial institutions, announced deal terms, to acquire PayQwick , which has been servicing underbanked cannabis businesses with payments and lending since 2015. The deal was unanimously approved by both boards. "With PayQwick on board, GCV will be the first company to serve the vertically integrated cannabis industry from businesses to banks, and the only company to ensure that any canna

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More Trending

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Investing in—and with—Black consumers in financial services

Mckinsey and Company

Financial-services companies—specifically in banking and insurance—have an opportunity to address equity and gain commercial benefits by better serving Black consumers.

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Restoration Value Magicians!

Appraisers Blog

And just like that, real estate appraisers from across the country have now added a new line item to their résumés, websites and marketing material: RESTORATION VALUE MAGICIAN. Oh wait, haven’t some AMCs and others already claimed to be such magicians when it comes to this topic? The pandering and save face attitudes of some of these organizations is concerning.

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Tracking public-health outcomes across the United States

Mckinsey and Company

Explore health outcomes, access to care, and health risks management with the United States of Health Dashboard.

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Is Your Current Bad Debt Allowance Reasonable?

Machen McChesney

In today’s volatile market conditions, it’s important to review your accounts receivable ledger and consider writing off stale, uncollectible accounts. The methods that you’ve used in the past to evaluate bad debts may no longer make sense. Here’s how to keep your allowance up to date.

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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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Logistics Disruptors: Motive’s Shoaib Makani on AI and automation

Mckinsey and Company

Motive has expanded beyond its roots in trucking to serve a panoply of industries. How does it use AI-driven automation to solve problems ranging from driver safety to building security?

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Ubisoft Shares Plunge After Tencent Increases Stake

Law 360 M&A

Ubisoft shares plunged more than 17% Wednesday on news that Chinese tech giant Tencent will increase its minority stake in the video game developer with a nearly $300 million investment.

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Three Mystery Shopping Lessons to Advance Your Audit Approach

Audit Board

As internal auditors, we typically perform our work according to the methodology adopted by our organization. The department likely has a set process for conducting the audit, drafting the report, and presenting any findings to management. These internal processes are finely tuned over years as internal audit managers carefully position the department to add the most value while mitigating potential friction — yet one drawback to this approach is that staff may be reluctant to challenge ingraine

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Cooley Boosts Antitrust Team In DC With Senior DOJ Lawyer

Law 360 M&A

Cooley LLP has added a senior antitrust attorney from the U.S. Department of Justice to its Washington, D.C., office as a partner, its fourth high-profile antitrust addition this year, the law firm said Wednesday.

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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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A judge allows Musk to include whistle-blower claims in his case against Twitter.

NYT M&A

Elon Musk’s lawyers had asked for a delay to review the accusations by a former Twitter executive, which the judge denied, while allowing the information to form part of their case.

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Health Chain Wins Suit Over Pa. Hospital's 'As-Is' Sale

Law 360 M&A

A Pennsylvania hospital sold "as is" had been in compliance with all its necessary state and federal licensing at the time the deal between Community Health Systems Inc. and Tower Health closed, so CHS hadn't violated the purchase agreement when Tower had to update fire-safety plans to keep the hospital's licenses, a federal judge ruled.

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Cineworld laments failure to become meme stock in unusual bankruptcy filing

Financial Times M&A

UK-based company says restructure of nearly $9bn debt and lease burden will dilute equity interests

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How In-House Counsel Can Better Manage Litigation Exposure

Law 360 M&A

In anticipation of economic downturn and increased litigation volume, the true struggle for an in-house team is allocating their very limited and valuable attentional resources, but the solution is building systems that focus attention where it can be most effective in delivering better outcomes, say Jaron Luttich and Sean Kennedy at Element Standard.

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Sony accuses Microsoft of misleading claims over ‘Call of Duty’ game

Financial Times M&A

Japanese group questions whether series will remain on PlayStation consoles following US group’s Activision Blizzard deal

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How to win in the Gulf’s dynamic consumer and retail sectors

Mckinsey and Company

New patterns of consumer demand are emerging in the Middle East. To align with these shifts and remain competitive, consumer companies can focus on two priority areas: expanding into new adjacencies and developing personalized offerings.

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Repsol to sell $4.8bn stake in oil and gas business

Financial Times M&A

Deal with US investor EIG comes as Spanish energy group seeks to fund its green transition

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Vice Weighs Content Deal With Saudi-Backed Firm

NYT M&A

The company is in talks to develop a content partnership with MBC, a Saudi Arabian media giant partly owned by the government.

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Porsche: how not to sell an IPO

Financial Times M&A

Plus, EU regulators target a US deal and Travis Kalanick quietly expands his ‘dark kitchens’ empire across Latin America

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New Middle Market CEO: 11 Tips to Get Started as a New CEO

Rhythm Systems

What does it take to become a successful new middle market C.E.O.?

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Educator expense deduction increased

Henry Horne

Teachers provide so much of their time, money and energy to go above and beyond to make sure their students are taken care of. Many teachers often buy the classroom supplies that make learning successful. Still, most teachers are not reimbursed for the money they spend on teaching materials and classroom supplies. But for 2022, … Keep Reading.

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What's Going On With CleanTech Acquisition Stock Today?

Benzinga

CleanTech Acquisition Corp (NASDAQ: CLAQ ) shares are trading lower Wednesday after shareholders approved the company's proposed merger with Nauticus Robotics. It appears investors had been anticipating a high number of redemptions during the merger process, but according to CleanTech's regulatory filing , just 361,986 shares of the company's common stock were.

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MVP: Munger Tolles' Jennifer Broder

Law 360 M&A

Jennifer Broder led the Munger Tolles & Olson LLP team that worked on Berkshire Hathaway's "warp speed" $11.6 billion acquisition of insurer Alleghany Corp., and she advised Peter Jackson's special effects company Weta Digital in selling its technology assets for $1.6 billion, earning her a spot among Law360's 2022 Mergers & Acquisitions MVPs.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. ASA’s CEO letter to members and friends. This has been an exciting month for ASA as we get closer to its 85 th Annual International Conference happening on September 10-12 in Tampa, FL and virtually. The staff and I want to congratulate the 2022 ASA Annual Award Winners – we thank you for your outstanding efforts in supporting ASA this past year and look forward to recognizing you all during this year’s conference luncheon.

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After Disappointing Data, Imara Offloads It Sickle Cell Candidate, Shares Surge

Benzinga

Imara Inc (NASDAQ: IMRA ) has agreed to divest tovinontrine (IMR-687) and all other assets related to its PDE9 program to Cardurion Pharmaceuticals Inc. In addition to $250,000 previously paid by Cardurion upon execution of a non-binding term sheet, the aggregate purchase price consists of an upfront payment. Full story available on Benzinga.com.

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Spain's Repsol Sells 25% Stake In Oil & Gas Unit For $5B

Law 360 M&A

Spanish energy company Repsol said Wednesday that it is selling 25% of its oil and gas exploration business to a U.S. fund for $4.8 billion as it prepares to potentially float the subsidiary in America.

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Terreno Realty Acquires California Property For $7.3M

Benzinga

Terreno Realty Corp (NYSE: TRNO ) has acquired an industrial property in Anaheim , California, for $7.3 million. The 1.2-acre improved land parcel at 3091 East Coronado Street is. Full story available on Benzinga.com.

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Cary Group Urges Shareholders To Accept Revised $813M Bid

Law 360 M&A

Private equity funds CVC Funds and Nordic Capital increased their bid on Wednesday for Cary Group to approximately 9 billion Swedish kronor ($813 million), prompting the Swedish auto glass repair company to urge its shareholders to accept the offer.

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Cogent To Scoop T-Mobile US's Wireline Business For Undisclosed Terms

Benzinga

Cogent Communications Holdings, Inc (NASDAQ: CCOI ) agreed to snap T-Mobile US, Inc's (NASDAQ: TMUS ) Wireline Business. The financial terms of the transaction remain undisclosed. T-Mobile expected to record a pre-tax charge of $1 billion in the third quarter of 2022 to cover the carrying value of the wireline business and liability for the contractual payments, Reuters reports.

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Family Business Succession Planning And Success Rates

Benchmark Report

A family business is technically defined as an organization that is owned and operated by at least two members of the same family. Family businesses actually account for around two-thirds of all companies worldwide, and 90% of companies in the U.S. The largest 500 family-owned companies generate annual revenues of $6.5 trillion. Global research has also demonstrated that well-run family companies are more profitable and stay in business longer than other companies, even with the many challenges