Wed.Sep 27, 2023

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Regulatory Intensity and Firm-Specific Exposure

Harvard Corporate Governance

Posted by Joseph Kalmenovitz (University of Rochester), on Wednesday, September 27, 2023 Editor's Note: Joseph Kalmenovitz is an Assistant Professor of Finance at the Simon Business School, University of Rochester. This post is based on his recent paper forthcoming in the Review of Financial Studies. Summary Regulation is a fundamental economic concept.

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Navigating the Emotional Landscape of M&A: The Role of M&A Advisors

Scott Mashuda

Mergers and Acquisitions (M&A) are complex business transactions that involve not only financial calculations and strategic considerations , but also a significant emotional component. What are the Emotional Aspects of M&A? A frequently underestimated yet pivotal facet of the M&A process is the management of emotions. Throughout the transaction journey, the M&A advisor plays a crucial role in deftly navigating and addressing these emotions.

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The Activism Vulnerability Report

Harvard Corporate Governance

Posted by Jason Frankl, and Brian Kushner, FTI Consulting, on Wednesday, September 27, 2023 Editor's Note: Jason Frankl and Brian G. Kushner are Senior Managing Directors at FTI Consulting. This post is based on their FTI Consulting memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

Banking 152
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The promise of travel in the age of AI

Mckinsey and Company

What will define the next age of travel? Digital technology and artificial intelligence are empowering the industry to reimagine the travel experience and unlock long-term growth.

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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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1071 Update – September 2023

N Contracts

The latest 1071 compliance updates, news, and analysis for financial institutions and small business lenders covered under the CFPB’s Section 1071 final rule.

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Hybrid work, urban ecosystems, and the future of real estate

Mckinsey and Company

As the landscape of real estate changes, stakeholders need to adapt to find pockets of opportunity while supporting and maintaining tenants.

Equity 102

More Trending

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A new era for procurement: Value creation across the supply chain

Mckinsey and Company

The past few years of upheaval have underscored procurement’s importance for generating value. The next few years could make its contributions even more critical.

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US car dealer AutoNation sets up bidding war for Pendragon

Financial Times M&A

One of UK’s largest dealerships says it will consider £447mn offer

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What is hydrogen energy?

Mckinsey and Company

Hydrogen energy is an alternative to fossil fuels that may represent a cleaner way to power our world.

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Redemption Mechanisms in Poison Pills: An Underappreciated Element of Takeover Defense

Reynolds Holding

Shareholder rights plans – or “poison pills” – have been used for close to 40 years to deter hostile takeovers by threatening the dilution of any (hostile) bidder that exceeds the ownership threshold set in such plans. This dilution upon the triggering of a poison pill is effected either by allowing all other shareholders to buy shares at a significant discount (“flip-in feature”) or by the board of directors deciding to give all other shareholders one additional share for each share that they c

Finance 59
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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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FTC's Amazon Antitrust Case: Market Definitions and Section 5 of the FTC Act

Mogin Rubin M&A

The Federal Trade Commission (“FTC”) and 17 state attorneys general on September 26th filed their long-awaited antitrust complaint against Amazon.com in federal district court in the Western District of Washington. The complaint ( a redacted version of which is available here ) is a foreseeable ambition of FTC Chair Lina M. Khan, who as a Yale law school student authored an influential law review article titled, “Amazon’s Antitrust Paradox.

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Comment on Mortgage Application Volume Nearing Historic Low by Flash

Appraisers Blog

Mortgage rates will climb as they have done for years during the last quarter of the year. 2024 Is a Presidential Election Year. After the lenders and mortgage loan officers return from The South Pacific Islands and Bora, Bora for their Christmas vacations. It will be time again to create a pipeline again of mortgage work in the first quarter of 2024.

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Is Asia on the cusp of a new era?

Mckinsey and Company

Chris Bradley, McKinsey Global Institute Director and senior partner, discusses why he thinks Asia is on the cusp of a new era and how companies should be thinking about this new age.

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Comment on Mortgage Application Volume Nearing Historic Low by Baggins

Appraisers Blog

In reply to Eric Kretz. Thanks Eric. The delusion of benefit syndrome. We feel honestly bad for people whom are dealing with this, and continue to try to help. They trusted authority, but those authorities, turns out in the end, were not worthy of such trust. It’s like people so truly believe these narratives, like there is some automatic authority from adopting these manufactured status quo positions.

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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 Hotel or Motel

Peak Business Valuation

Hotels and motels provide temporary housing for domestic and international travelers. This often includes providing food, beverage, recreational, and other additional services. According to IBIS World , there are over 166,000 hotels and motels throughout the United States. Despite poor economic health, the hotel and motel industry has seen healthy growth.

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Comment on Mortgage Application Volume Nearing Historic Low by Eric Kretz

Appraisers Blog

In reply to hammering hank. Ooof. You really need to cite your ‘facts’ from credible independent sources. I think you’ll find out that your very misinformed. Baggins did all the leg work and showed the flawed logic. I personally know 5 very healthy people who took the vax and had stokes/TIA’s after their 2nd shot or 1st booster.

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Ten Factors to Consider when Setting the Scope of an Internal Audit

Internal Audit 360

A mong the most difficult factors to consider before and during an internal audit is its scope, or the boundaries and objectives of the audit. Set too wide and internal auditors can feel like they are trying to boil the ocean. Set too narrow and it may seem like the audit findings wont amount to more than a drop in the bucket. Defining the scope during the audit planning process and getting all stakeholders agree to it is an important step to any internal audit and can make or break the engageme

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Comment on Mortgage Application Volume Nearing Historic Low by Baggins

Appraisers Blog

In reply to Flash. Great comment Flash, I was smiling when reading. I’m not actually sure if I want that though. Despite the higher rates also severely limiting our personal mobility, this current market although rocky is preferable because we finally brushed off this unchecked price acceleration. People have elbow room, they can spend a day or so considering before making an offer, shop with less stress, and in some cases, even negotiate.

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UK Raises Antitrust Concerns Over Whirlpool, Arcelik Deal

Law 360 M&A

The Competition and Markets Authority said Thursday that the proposed merger of the European domestic appliance businesses of Arcelik AS and Whirlpool Corp. could reduce choice for consumers buying white goods.

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The Advantages of Buying a Business Instead of Starting One

Hallmark Brokers

Every year, millions of Americans make the choice to become their own boss by entering the business world. It can sometimes be an unforgiving environment that’s fairly competitive. Many businesses were closed down during the pandemic, and as. As a result, many potential owners are looking to fill the void. However, many are unfamiliar with. Read more The post The Advantages of Buying a Business Instead of Starting One appeared first on Hallmark Brokers.

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FinCen releases FAQs to clarify Beneficial Ownership Information (BOI) reporting

LaPorte

(authored by RSM US LLP) FinCen’s new FAQs aim to clarify beneficial ownership information reporting requirements The post FinCen releases FAQs to clarify Beneficial Ownership Information (BOI) reporting first appeared on LaPorte.

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BT/Drahi: financially feasible does not mean politically advisable

Financial Times M&A

The French telecoms tycoon’s motives remain as opaque as ever

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Looking forward: 3 tips for strategic value with internal audit

LaPorte

(authored by RSM US LLP) Mid-market orgs see internal audit serving one function—but it can add more value. Learn tips to convey its strategic value across stakeholders. The post Looking forward: 3 tips for strategic value with internal audit first appeared on LaPorte.

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Dealmaking languishes at decade low on private equity drought

Financial Times M&A

Worst third quarter for M&A since 2012 tops a dire year so far

Equity 90
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Antitrust: The Impact of the Draft Merger Guidelines on Private Equity

John Jenkins

Earlier this month, the CLS Blue Sky Blog ran a post from Paul Weiss discussing ways the DOJ and FTC’s proposed merger guidelines will impact private-equity-sponsored acquisitions.

Equity 49
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M&A/IPOs: lies, damn lies and private asset valuations

Financial Times M&A

Dealmakers have good economic reasons to be biased when it comes to valuing assets

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More on Antitrust and Private Equity: FTC Takes Issue with “Roll-up” Strategy

John Jenkins

Late last week, the FTC filed a lawsuit against a PE firm and one of its portfolio companies challenging a serial acquisition strategy.

Equity 49
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Spectator magazine reports fall in earnings ahead of auction

Financial Times M&A

Title enjoys revenue growth but operating profit drops due to investment in journalism

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Arnold & Porter Discusses 2023 Annual Reporting and 2024 Proxy Season

Reynolds Holding

During 2023, the U.S. Securities and Exchange Commission (the SEC) continued its trend from 2022, actively engaging in regulatory rulemaking, providing disclosure guidance, and undertaking enforcement actions related to public disclosures and disclosure controls. This Advisory provides a summary of the relevant SEC rules and guidance that we expect to have an impact on the upcoming annual reporting and proxy season for calendar year reporting companies.

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IsoEnergy And Consolidated Uranium To Merge In $668M Deal

Law 360 M&A

Canadian's IsoEnergy Ltd. and Consolidated Uranium Inc. said Wednesday they will merge to create one of the top 10 publicly traded uranium-focused companies in the world based on the combined company's approximately CA$903.5 million ($668.2 million) equity value.

Equity 40
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The Power of Partnership: How Mergers and Acquisitions Can Accelerate Business Growth and Success

Sun Acquisitions

In today’s rapidly evolving business landscape, companies constantly search for new ways to stay ahead of the competition and drive growth. One proven particularly effective strategy is mergers and acquisitions (M&A). By joining forces with another company, organizations can tap into a wide range of benefits that can catapult them to new heights of success.

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FTC Revives In-House Challenge Of Microsoft, Activision Deal

Law 360 M&A

The U.S. Federal Trade Commission is reviving its in-house opposition of Microsoft's planned $68.7 billion purchase of Activision Blizzard, while the agency waits to learn whether the Ninth Circuit will overturn the lower court's decision to deny the government's request to temporarily pause the transaction.

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Comment on Mortgage Application Volume Nearing Historic Low by Baggins

Appraisers Blog

In reply to Retired Appraiser. We’re back to comedy central and it’s the saturday evening roast! Entertaining. Masks do not work to prevent anything in terms of virus transmission. If you would like verification of this, there is a disclaimer the masks do not prevent transmission of the corona virus, printed on the outside of your box of masks.

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Hydrogen Auto Co. Hyzon Motors Settles SEC Suit For $25M

Law 360 M&A

The U.S. Securities and Exchange Commission announced it has reached a more than $25 million settlement with a hydrogen fuel vehicle company and some of its executives accused of misrepresenting sales to boost the company's valuation amid its merger with a blank-check company.

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