Wed.Nov 29, 2023

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Ousted

Harvard Corporate Governance

Posted by Yifat Aran (University of Haifa) and Elizabeth Pollman (University of Pennsylvania Carey Law School), on Wednesday, November 29, 2023 Editor's Note: Yifat Aran is Assistant Professor of Law at the University of Haifa School of Law and Elizabeth Pollman is Professor of Law and Co-Director of the Institute for Law and Economics at the University of Pennsylvania Carey Law School.

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An affordable, reliable, competitive path to net zero

Mckinsey and Company

A successful net-zero transition will require achieving not one objective but four. We offer a guide to getting it right.

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Jezebel to Be Resurrected by Paste Magazine

NYT M&A

The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.

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EXCLUSIVE: Game-Changer In Cannabinoid Market? OBX Acquires Nucl3o

Benzinga

Open Book Extracts (OBX), a cannabinoid product manufacturer, has inked a term sheet to acquire Nucl3o, a processor of high-purity cannabinoid isolates, Benzinga Cannabis has learned exclusively. This acquisition marks a significant move in the cannabinoid industry, as it combines OBX's large-scale production capabilities with Nucl3o's expertise in cannabinoid ingredient manufacturing, elevating both companies' global distribution.

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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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Comment on New URAR Redesign Spec Released by Mary T Thompson

Appraisers Blog

In reply to jaydee. Exactly! They keep wanting us to be INSPECTORS. We all know that the final responsibility rests with the Appraisers and the detail they want from us is completely unreasonable. We are not trained to provide remaining life for components! Hell Even inspectors do not do this…and why?

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Why Global Investment Firm KKR's Shares Are Shooting Higher Today

Benzinga

KKR & Co. Inc. (NYSE: KKR ) has agreed to acquire the remaining 37% stake of leading insurance company Global Atlantic, increasing its ownership to 100%. In 2021, KKR completed a strategic transaction that valued Global Atlantic at approximately $4.7 billion by acquiring a controlling 60% interest. Global Atlantic's assets under management have more than doubled, increasing from $72 billion in 2020 to $158 billion today, KKR said.

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Is your tax department spending more time and money because of audits?

ThomsonReuters

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. This trend has been especially true during the past five years, and is sure to continue in the years ahead. “We are living in the environment where every day we ar

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Mark Cuban Sells Stake In NBA's Mavs To Vegas Billionaires

Law 360 M&A

Mark Cuban has agreed to relinquish his majority stake in the NBA's Dallas Mavericks to the Adelson family in a deal that values the franchise at a reported $3.5 billion. The new owners, led by Miriam Adelson, administrator of the estate of her late husband and casino magnate Sheldon, announced the purchase Wednesday afternoon.

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There Still May Be Time to Reduce Your Small Business 2023 Tax Bill

Machen McChesney

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities.

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Comment on Another ‘Bad’ Word to Avoid! by PJTMC

Appraisers Blog

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality

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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 are the roles and responsibilities of a CFO?

Mckinsey and Company

The CFO role was named for its original function of overseeing an organization’s finances, but it’s now seen as a cross-cutting common denominator linking every part of an organization.

Finance 89
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Comment on New URAR Redesign Spec Released by jaydee

Appraisers Blog

One must ask the question: “Who benefits” from this change? Not the appraisers who are RESPONSIBLE for the valuation. NO ONE ASKED the appraiser(s) PRIOR to acceptance of this form. I see they want “estimations of remaining life” On the overall building – fine. But components? Can anyone say LIABILITY? Now couple this with DISCRIMINATION outcries!!

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Ample Hills Creamery Founders Fail in Second Try

NYT M&A

A Brooklyn couple aimed to revive their ice cream company after it collapsed. Now their new investors have fired them.

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Comment on Another ‘Bad’ Word to Avoid! by Dave

Appraisers Blog

It won’t be long until the word “Master” bedroom and bath is prohibited, if it isn’t already and I just am unaware. Crazy is a correct word to describe the political correctness society we live in.

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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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Why Online Pet Care Marketplace Rover's Shares Are Skyrocketing Today

Benzinga

Online pet care marketplace Rover Group, Inc. (NASDAQ: ROVR ) has agreed to be acquired by private equity funds managed by Blackstone Inc. (NYSE: BX ) in a deal valued at approximately $2.3 billion. Rover stockholders are set to receive $11.00 per share, marking a 61% premium over the volume weighted average share. Full story available on Benzinga.

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BOILER & INDUSTRIAL CLIENT VIDEO TESTIMONIAL

Benchmark Report

Benchmark International is delighted to share the testimonial of our recently acquired client Boiler & Industrial Plant (Pty) Ltd by Entruevest Holdings (Pty) Ltd - A Diversified Investment Holding Company.

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Financials Company Blackstone Announces Acquisition of Rover Group

Benzinga

Blackstone (NYSE: BX ) has announced an acquisition of Rover Group (NASDAQ: ROVR ) that is expected to be completed in Q1 of 2024. Under the terms of the agreement, Blackstone has agreed to give Rover Group $2.30 billion in cash in exchange for ROVR stock. About The Companies Involved Blackstone is the world's largest alternative asset managers with $1.001 trillion in total asset under management, including $731.

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KKR takes full control of Global Atlantic as it rearranges its finances

Financial Times M&A

Private equity group says it wants shareholders to better understand its growth

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Comment on New URAR Redesign Spec Released by Koma

Appraisers Blog

The new URAR & UAD redesign spec has been released. This redesign requires significantly more data gathering than before.

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Cigna and Humana in deal talks to create US health insurance giant

Financial Times M&A

Any combination would likely encounter tough antitrust scrutiny

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French PE Firm Raises €1.2B To Invest In Green Infrastructure

Law 360 M&A

French private equity firm Antin said Thursday that it has raised €1.2 billion ($1.3 billion) for its NextGen fund, which will invest in sustainable infrastructure across Europe and North America.

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MPs call for national security check of Telegraph deal

Financial Times M&A

Conservative backbencher move comes as the culture secretary is set to ask watchdogs to probe Redbird IMI’s bid.

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Showcase Your Business At The 2024 SAVCA Private Equity Conference

Benchmark Report

Benchmark International is proud to announce its headline sponsorship of The 2024 SAVCA Private Equity Conference: “Synergy with Collaboration” on February 27 th and 28 th at the prestigious Cavalli Estate in Stellenbosch, South Africa.

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Investors Say Co. Lied About Ultrasound Tech Prior To Merger

Law 360 M&A

A pair of shareholders in digital health company Butterfly Network Inc. have launched a derivative suit against the company's current and former top brass, alleging they drastically inflated the company's sales projections and the quality of its main ultrasound product to convince investors to approve a merger with a special-purpose acquisition company.

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What's Going On With Healthcare Insurance Giant Cigna Stock Today?

Benzinga

Cigna Group (NYSE: CI ) and Humana Inc (NYSE: HUM ) are reportedly discussing a merger deal to create a new powerhouse in the health insurance industry. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, the Wall Street Journal reported , citing people familiar with the matter. A combination of the managed-care providers would be huge, given Cigna's market value of about $84 billion and Humana's with around $63 billion.

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Elliott Reveals $1B Phillips 66 Stake, Seeks 2 Board Seats

Law 360 M&A

Elliott Investment Management revealed Wednesday that it has taken a $1 billion stake in U.S. energy company Phillips 66, as it pushed for two new board directors in an effort to improve the company's performance and "restore trust with investors.

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Demystifying investment docs: What investors expect to see

Vested

Unless you've got a Scrooge McDuck money pit you can dive into and draw out a couple of million at will, your business will likely need to raise some capital sooner or later.

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Two More SPACs Will Dissolve As Liquidations Mount

Law 360 M&A

Two more special-purpose acquisition companies have agreed to close shop after failing to find merger targets, joining a growing list of shuttered SPACs that are returning investors their money.

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M&A Disclosure: 7th Cir. Says Information About Alternative Deal Structure Not Material

John Jenkins

Earlier this month, in Smykla v. Molinaroli, (7th Cir.; 11/23) the 7th Circuit rejected disclosure claims premised on alleged misstatements and omissions in a proxy statement relating to the 2016 inversion transaction between Johnson Controls & Tyco International.

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Blackstone Buying Pet Care Co. Rover In $2.3B Deal

Law 360 M&A

Blackstone Inc. said Wednesday it has agreed to purchase Seattle-based Rover Group Inc. in an all-cash, take-private transaction valued at $2.3 billion, a development that sent the stock of the online pet care marketplace soaring 29% in morning trading.

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Berkshire Hathaway after Charlie Munger

Financial Times M&A

Plus, Silver Lake and Michael Dell extract billions from a decade of deals and KKR reorganises its finances

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Australian Fintech Co. Buys Majority Stake In Payments Biz

Law 360 M&A

GSTechnologies said Wednesday that it has agreed to acquire a 60% stake in cross-border payments company EasySend Ltd. from its founders to help the Australian financial technology firm's existing money activities and to access new tech.

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A new way to decarbonize buildings can lower emissions—profitably

Mckinsey and Company

An AI-informed approach makes it faster, easier, and cheaper to decarbonize real estate. Here’s how.

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Kirkland, Cleary Guide Software Biz's $2.23B Bid For AMC Co.

Law 360 M&A

Rocket Software said Wednesday that it will buy the U.K. application, modernization and connectivity business of OpenText Corp. for $2.275 billion in cash and new debt, to ramp up profits from helping large companies innovate their information technology systems.