Fri.Aug 25, 2023

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CalSTRS Escalates Efforts to Hold Global Companies Accountable for Not Adequately Disclosing Climate Change Risks

Harvard Corporate Governance

Posted by Rebecca Forée, and Aeisha Mastagni, California State Teachers' Retirement System, on Friday, August 25, 2023 Editor's Note: Rebecca Forée is Media Relations Manager, and Aeisha Mastagni is Portfolio Manager within the Sustainable Investment & Stewardship Strategies Unit at the California State Retirement System (CalSTRS). This post is based on their CalSTRS memorandum.

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Heineken Sells Its Business in Russia for 1 Euro

NYT M&A

After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.

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Weekly Roundup: August 18-24, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 25, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 18-24, 2023. Unveiling the Business Risk: Why Board and Executive Engagement in DE&I Matters Posted by Anna Natapova (Semler Brossy LLC), Cynthia Soledad (Egon Zehnder), and Chuck Gray (Egon Zehnder), on Friday, August 18, 2023 Tags: Board of Directors , corporate engagement , dei , Executive

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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to min

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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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6 Good Reasons Startups Don't Pursue Venture Funding

Lighter Capital

We’ve all read the headlines: SaaS Startup Raises $100M in Venture Capital to Disrupt Market with Its Innovative Solution It seems so common, but is it really? Venture capital funding is to tech startups what the Wizard of Oz was to Dorothy. Revered for its seemingly magical superpowers that promise a happy ending, venture capital (VC) is often seen as the secret to startup success, even though the real power to make your dreams come true lies within you.

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Software depreciation: Exploring tax implications and deductions

ThomsonReuters

Jump to: What is software depreciation? How is software depreciated for tax purposes? Can software be amortized? Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally.

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From poverty to empowerment: Raising the bar for sustainable and inclusive growth

Mckinsey and Company

What would it take to raise minimum living standards and get on a net-zero path in this decade? Our research explores twin ambitions for people and the planet.

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More States Should Join Effort To Close Legal Services Gap

Law 360 M&A

Colorado is the most recent state to allow other types of legal providers, not just attorneys, to offer specific services in certain circumstances — and more states should rethink the century-old assumptions that shape our current regulatory rules, say Natalie Anne Knowlton and Janet Drobinske at the University of Denver.

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Building a green energy ecosystem: Lessons from zolar

Mckinsey and Company

The cofounder and the managing director of Germany-based zolar discuss launching the green energy start-up to simplify the process for homeowners to buy and install solar energy systems.

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Lender Will Open Bankruptcy Auction For NJ Pillow Co.

Law 360 M&A

Pegasus Home Fashions got court approval Friday to tap into $25 million of bankruptcy financing from Blue Torch Finance LLC, a prepetition lender that also agreed to kick off a bankruptcy auction for the New Jersey pillow maker's business.

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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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What’s the future of generative AI? An early view in 15 charts

Mckinsey and Company

Generative AI has hit the ground running—so fast that it can feel hard to keep up. Here’s a quick take pulled from our top articles and reports on the subject.

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Heineken exits Russia with €1 sale of operations

The Guardian M&A

Dutch multinational brewer takes €300m loss from transfer of assets to Russia’s Arnest Group Russia-Ukraine war – latest news updates Heineken has completed its lengthy exit from Russia with the sale of its operations there for a symbolic €1, after Moscow clamped down on asset sales in retaliation for western sanctions. The Dutch brewer, which also owns the Amstel, Birra Moretti and Tiger brands, said it would be taking a €300m loss as a result of the sale, which will see it transfer all of its

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Unlocking clean hydrogen in the US Gulf Coast: The “here and now”

Mckinsey and Company

A robust strategy could see the US Gulf Coast become the world’s leading clean-hydrogen hub by 2030. What can be done to jump-start the clean-hydrogen economy in the next three to five years?

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Valuation Multiples for a Pet Training, Grooming, and Boarding Business

Peak Business Valuation

Pet training, grooming, and boarding businesses provide pet care services to domestic animals. According to IBIS World , the pet training, grooming, and boarding industry generate over $11 billion dollars per year. Moving forward, we will likely see an increase in demand for pet care services. As such, it may be an ideal time to buy , expand , or sell a pet training, grooming, and boarding business.

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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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Mineral Aggregator Valuation Multiples Study Released

Auto Dealer Valuation Insights

Mercer Capital has its finger on the pulse of the minerals market. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership. Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded.

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Cheers To No Cheers: Heineken Closes Russian Operations, Takes €300M Loss

Benzinga

Heineken NV (OTC: HEINY ) closed the sale of its Russian operations to Arnest Group. The company initiated the deal to exit Russia in March 2022, halting new investments and exports to the country. The company sold the Russian business for €1 and will transfer. Full story available on Benzinga.

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Q2 2023 Earnings Calls

Auto Dealer Valuation Insights

Reviewing earnings calls from executives of the six publicly traded auto dealers, new vehicle gross profit declined as inventory availability improved, though the decline in profitability was less than anticipated. While unit-level profitability is anticipated to continue to decline, there are signs of strength in consumer demand. Despite affordability issues, the market is anticipated to remain.

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Benchmark International Partners with PCrefurb to Enhance Education at Whitebridge College PRU

Benchmark Report

In a significant collaboration aimed at transforming educational opportunities for young individuals facing complex challenges, Benchmark International, in association with charity organisation PCrefurb, has donated three iPads to Whitebridge College PRU, an NHS secure psychiatric hospital school located in Ashton.

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Kimco Boosts Position With Dominant Grocery-Anchored Asset Buy In The Washington D.C. Suburbs Of Virginia

Benzinga

Kimco Realty Corp (NYSE: KIM ) disclosed the acquisition of Stonebridge at Potomac Town Center in Virginia for $172.5 million. Potomac Town Center is a grocery-anchored lifestyle center, 96% occupied, spanning 504,000 square feet. The center boasts an estimated population of over 230,000 people and an average household income of $125,000 within a five-mile.

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How Artificial Intelligence Is Transforming The M&A Practice

Law 360 M&A

The advent of artificial intelligence is stimulating new types of mergers and acquisitions while radically changing how firms guide them, replacing some of the due diligence, contract work and other tasks that were once reserved for humans.

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Bellagio Las Vegas Catches Eye Of REIT Giant Realty Income Corp: Here Are The Details

Benzinga

One of the U.S. largest Retail REITs, Realty Income Corp (NYSE: O ), disclosed an investment of around $950 million to acquire a stake in a joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas at a $5.1 billion valuation. The company is buying the 21.9% indirect stake in the property from Blackstone Real Estate Income Trust, Inc. of Blackstone Inc (NYSE: BX ) for around $300 million.

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Improve Performance by Improving Focus, Clarity, Alignment, and Accountability

Rhythm Systems

As your company grows, chaos increases, processes break down, and execution becomes a lot harder. Poor execution leads to missed commitments, disappointed customers, and disconnected employees.

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Hudson Pacific Properties Raises $72.5M By Divesting Two Office Properties

Benzinga

Real estate solutions provider Hudson Pacific Properties Inc (NYSE: HPP ) said it has divested through separate transactions two Los Angeles office properties, for gross proceeds of $72.5. Full story available on Benzinga.

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What is the difference between book and tax depreciation?

ThomsonReuters

Jump to: What is book depreciation? What is tax depreciation? What are the differences between book and tax depreciation? What is accelerated depreciation? What is book-to-tax reconciliation? Managing book and tax depreciation with software Depreciation. Unlike how other expenses are recorded, this method deducts a portion of the cost of a fixed asset over a number of years due to declines in the fair value of that asset.

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Canopy Growth, Aurora Cannabis, Cronos Group Leaving US CBD Market: Distressed Asset Opportunity?

Benzinga

Once bullish on the US hemp-derived CBD market, Canadian cannabis companies like Canopy Growth Corp. (NASDAQ: CGC ), Aurora Cannabis Inc. (NASDAQ: ACB ), and Cronos Group (NASDAQ: CRON ) are now retreating due to oversupply, regulatory ambiguity and the sluggish pace of US federal cannabis legalization. Strategic Shifts In Response To Evolving CBD Landscape Canopy abandoned its New York hemp farming plans and Aurora shut down its subsidiary, Reliva.

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What accountants need to know about rental property tax depreciation

ThomsonReuters

Jump to: What is tax depreciation on rental property? What are the depreciation systems? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property? Managing rental property depreciation with software Owning rental property can be an attractive real estate investment for many given the ability to collect rent and profit from the future, long-term sale of the property.

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BlackBerry Just Got A Potential Takeover Offer - What's Going On?

Benzinga

BlackBerry Limited (NYSE: BB ) stock is trading higher Friday amid reports of a possible takeover offer from private equity firm Veritas Capital, a Carlyle Group (NASDAQ: CG ) company. Veritas is interested in acquiring the complete cybersecurity company, Bloomberg cites familiar sources. In May, BlackBerry shared plans to review its portfolio of businesses.

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Calculating vehicle depreciation

ThomsonReuters

Jump to: Can you deduct vehicle depreciation on taxes? Are vehicles a five year depreciation? How do you calculate vehicle depreciation for taxes? What is the standard mileage rate? How does Section 179 deduction work for vehicles? Managing vehicle tax depreciation with software Running a successful small business is hard work and expensive.

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Negotiate to Succeed!

Benchmark Report

Every deal negotiation is different and requires a careful understanding of the seller’s negotiating position. This can be influenced by a range of factors such as the number of buyers at the table and the respective negotiating position of each; synergies between the two parties; which buyer is in the best position to complete a deal and, of course, who is the right buyer for the business, taking into account of a range of other factors.

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Driving sustainable and inclusive growth in G20 economies

Mckinsey and Company

Scaling initiatives on empowerment and net zero.

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The Importance Of Confidentiality When Selling A Business

Benchmark Report

Selling a business can be a sensitive and complex process. It requires careful planning and execution, and one of the most critical aspects is keeping the sale confidential.

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BIGG Digital Assets Enters into Definitive Agreement to Fully Acquire TerraZero Technologies Inc.

Benzinga

VANCOUVER, British Columbia, Aug. 25, 2023 (GLOBE NEWSWIRE) -- BI GG Digital Assets Inc. ("BIGG" or the "Company") (CSE: BIGG , OTCQX: BBKCF , WKN: A2PS9W)) is pleased to announce that it has entered into a definitive amalgamation agreement ("Agreement") to acquire all of the outstanding shares of TerraZero Technologies Inc. ("TerraZero") not already owned by BIGG, for total consideration of approximately 62 million common shares of BIGG ("BIGG Shares"), valued at approximately $

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Judge Won't Stay Trading Card Suit While Mulling Transfer Bid

Law 360 M&A

A Florida federal judge is refusing to pause an antitrust lawsuit by trading card company Panini against rival Fanatics while deciding whether to transfer the suit to New York federal court, saying that proceeding would not place an undue burden on Fanatics or force it to duplicate its work.

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Corum Client Spatialest Acquired by Schneider Geospatial

Benzinga

SEATTLE, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Corum announces today that their client, Ireland-based, Spatialest, a leading provider of assessor-focused GIS-based SaaS solutions, was acquired by Align Capital Partners portfolio company Schneider Geospatial, LLC. The acquisition furthers Schneider Geospatial's mission to transform government interactions with technology. "We were pleased to be selected as Spatialest's exclusive M&A advisor," said Jon Scott Corum Group's Chair