Mon.Dec 11, 2023

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The Cost of Private Fund Regulation

Harvard Corporate Governance

Posted by Ben Bates (Harvard Law School), on Monday, December 11, 2023 Editor's Note: Ben Bates is a Research Fellow at the Harvard Law School Program on Corporate Governance. This post is based on his recent paper. 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.

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What are the responsibilities of a CIO versus a CTO?

Mckinsey and Company

Broadly speaking, a chief information officer focuses on internal technology, while a chief technology officer focuses on emerging technologies and product strategy.

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Incentivizing What Matters 2.0: A Cross-Continental Review of Sustainability-Linked Executive Incentives

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, December 11, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Jun Frank , Global Head of Compensation & Governance Advisory; Stephan Stegmueller , Head of Compensation & Governance Advisory, EMEA and APAC; Yan Xu, Senior Adviser, EMEA; and Fredrik Lundin, Senior Sustainability Solutions Product Manager at ISS-Corp

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Human-centered AI: The power of putting people first

Mckinsey and Company

A people-focused approach to AI can transform jobs for the better—and improve performance, too.

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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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Del. Judge Recognizes Liberty Tax Bankruptcy Sale

Law 360 M&A

Liberty Tax parent NextPoint Financial on Monday got recognition from a Delaware bankruptcy judge of a Canadian court approval of the sale of its business, clearing the way for Liberty to be acquired by stalking horse bidder BP Commercial.

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Talking Money with the Next Gen

Auto Dealer Valuation Insights

A recent Wall Street Journal article described younger adults’ profound mistrust of the traditional institutions of financial life, such as banks and financial advisors. That doesn’t mean young adults don’t have questions about money, it just means they are more likely to turn to their peers for answers. What does this mean for enterprising families?

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More Trending

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The economic state of Latinos in America: Advancing financial growth

Mckinsey and Company

Financial-services revenues from Latinos may grow by up to $93 billion by 2030. To get more of that market, institutions would need to tailor their offerings.

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Cleary Gottlieb Discusses Roadblocks for Plaintiffs in Generative Artificial Intelligence Lawsuit

Reynolds Holding

On October 30, 2023, U.S. District Judge William Orrick of the Northern District of California issued an Order [1] largely dismissing without prejudice the claims brought by artists Sarah Andersen, Kelly McKernan and Karla Ortiz in a proposed class action lawsuit against artificial intelligence (“AI”) companies Stability AI, Inc., Stability AI Ltd. (together, “Stability AI”), DeviantArt, Inc.

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Author Talks: Dr. Fei-Fei Li sees ‘worlds’ of possibilities in a multidisciplinary approach to AI

Mckinsey and Company

Artificial intelligence is ushering in a new era of discovery that will affect the future. Dr. Fei-Fei Li offers a human-centered approach to AI that could maximize its potential and mitigate the risks.

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German football clubs vote to back private equity investment

Financial Times M&A

Result paves way for deal that would see buyout industry take stake in entity controlling Bundesliga’s commercial rights

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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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From green ammonia to lower-carbon foods

Mckinsey and Company

A sample consumer basket shows that employing green fertilizer could reduce greenhouse-gas emissions from agricultural end products by about 5 percent.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Last week, a Tesla stockholder threw a rock at Elon Musk's glass house, Floor & Decor shareholders got an updated order, Abercrombie & Fitch's former CEO sought legal fees, and Rwanda moved ahead in its lawsuit against a Massachusetts pharmaceutical company. In case you missed any of it, here's the wrap-up of legal news from Delaware Chancery Court.

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Watching the clock: Factors to consider for same-day delivery

Mckinsey and Company

Same-day delivery is best suited to a specific set of circumstances. Six key charts reveal factors that point to rising same-day potential and explore alternative fast-delivery options.

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Occidental Is Latest Oil Company to Buy a Smaller Producer

NYT M&A

The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.

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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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Merger Alert: Tryp Therapeutics Signs With Australian Drug Delivery Innovator, Details Here

Benzinga

Canadian psychedelics biotech Tryp Therapeutics Inc. has entered into an agreement with Australian publicly-trading drug vehicle developer Exopharm Ltd. for the acquisition of 100% of Tryp’s issued and outstanding common shares. The arm’s length transaction, dated Dec. 8, 2023, will be completed as a statutory plan of arrangement under the BC Business Corporations Act.

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“Irreparable Harm” and Injunctions in Close Business Owner Disputes

Farrel Fritz

Injunctions are an indispensable weapon in the business divorce lawyer’s arsenal. Primarily defensive in nature, temporary restraining orders and preliminary injunctions tend to feature prominently at the outset of business divorce litigation, where many disputes start with an emergency: one side hoping to prevent the other’s seizure or illegitimate exercise of control of a business, or the dilution or extinguishment of an equity interest, or some combination thereof.

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Change Management Process: Expectation vs. Reality

Rhythm Systems

You’ve done all the research. You’ve compiled a spreadsheet full of requirements, Googled until your eyes crossed, talked to sales reps, done demos and free trials, worked out a budget, created the business case, made recommendations to your team, and you are ready to pull the trigger on a new software solution. The decision has been made, so the hard part is done, right?

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AstraZeneca To Buy Latham-Led US Vaccine Maker For $1.1B

Law 360 M&A

Anglo-Swedish pharmaceutical giant AstraZeneca said Tuesday that it will buy Icosavax, a U.S. biopharmaceutical company, for up to $1.1 billion to add a vaccine for life-threatening respiratory diseases to its arsenal.

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Disney In Talks With Mukesh Ambani's Reliance For Mega Indian Media Merger

Benzinga

This story was first published on the Benzinga India portal. Walt Disney Co. (NYSE: DIS ) and India's Reliance Industries Ltd are reportedly in advanced negotiations to merge their Indian media and entertainment divisions. A successful merger, spearheaded by Reliance's Mukesh Ambani , could lead to the creation of the South Asian nation's most extensive media enterprise.

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What are the challenges of using TDRs in real estate?

RNC

Introduction: TDRs have developed as an important tool in urban planning, providing a framework for combining development objectives with resource protection. TDR in real estate, like any intricate system, comes with its own set of challenges. This blog will explore some of the difficulties developers, municipalities, and stakeholders face when dealing with transferable development rights.

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Elon Musk Must Face Trimmed Investor Suit Over Buyout

Law 360 M&A

A California federal judge on Monday refused to throw out shareholders' claims that Elon Musk fraudulently tweeted about Twitter's purported problem with bots in an effort to get out of his planned acquisition, but the judge did agree to trim other claims from the proposed class action.

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Mastering Accountability: Boost Your Team's Performance and Execution

Rhythm Systems

Are you struggling with executing your plans and achieving your goals? Do you often find yourself falling short of your expectations? The missing piece to your success puzzle may be accountability.

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Sanofi Scraps $755M Licensing Deal Amid FTC Challenge

Law 360 M&A

Sanofi said Monday it will terminate a planned licensing agreement with Maze Therapeutics after the Federal Trade Commission moved to block the $755 million deal over concerns about a potential competitor to Sanofi's Pompe disease treatments.

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Satellite Maker Terran Orbital Places Itself On The Market: Searches For A Buyer As Challenges Mount

Benzinga

Terran Orbital Corp (NYSE: LLAP ), a prominent player in the small satellite sector, is conducting a formal review of strategic alternatives. The regulatory disclosure follows an earlier WSJ report that Terran has attracted interest from potential strategic and financial buyers in the U.S. and Europe. This move comes roughly eighteen months following its public debut.

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Kristen Bell's Baby Co. Gets OK For $65M Ch. 11 Sale

Law 360 M&A

A Delaware bankruptcy judge on Monday gave Hello Bello, a baby product brand started by actor Kristen Bell, permission to accept a $65 million bid for its assets from a private equity company, after it received no other offers.

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FounderMetrics: Felicia Hjertman

Vested

Joining Ifty Nasir for FounderMetrics episode six is Felicia Hjertman, the founder of TILLIT , a pioneering platform that makes it easier for ordinary people to find and invest in funds.

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The Pop Culture Docket: Judge D'Emic On Moby Grape

Law 360 M&A

The 1968 Moby Grape song "Murder in My Heart for the Judge" tells the tale of a fictional defendant treated with scorn by the judge, illustrating how much the legal system has evolved in the past 50 years, largely due to problem-solving courts and the principles of procedural justice, says Kings County Supreme Court Administrative Judge Matthew D'Emic.

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Understanding the proportional amortization method

ThomsonReuters

Jump to: What is the proportional amortization method? What are LIHTC investments? What conditions must be met to apply the proportional amortization method? Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

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Ascendent Seals $1.66B Hollysys Deal Over Rival Bidder

Law 360 M&A

China's Hollysys Automation Technologies said Monday it has agreed to be acquired by Ascendent Capital Partners for $1.66 billion in cash, effectively ending a bidding battle between the Asia-focused private investment firm and a rival consortium.

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How to Value a Steel Mill

Peak Business Valuation

Businesses in the iron and steel manufacturing industry produce various metals including ferroalloys, steel, and pig iron. IBIS World notes that there are approximately 278 steel mills throughout the United States. Together, these businesses generate over $17.5 billion in revenue each year. As such, buying , growing , or selling a steel mill can be lucrative.

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PGX Strikes $1.45M Deal With WARN Act Claimants

Law 360 M&A

Counsel for credit repair company PGX Holdings told a Delaware bankruptcy judge Monday that it has struck a $1.45 million deal with ex-employees claiming they were laid off with insufficient warning prior to the company's Chapter 11 filing.

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Occidental Gears Up For Growth: Acquires CrownRock For $12B, Expanding Permian Basin Presence

Benzinga

Occidental Petroleum Corp (NYSE: OXY ) has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P. for cash and stock in a transaction valued at about $12.0 billion, including assumption of debt. CrownRock L.P. is a joint venture of CrownQuest Operating LLC and Lime Rock Partners. CrownRock's over 94,000 net acres of stacked pay assets and supporting infrastructure amplify the company's Midland Basin business.

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Cigna Opts For $10B Buyback As Humana Deal Rumors Fizzle

Law 360 M&A

The Cigna Group said it approved an additional $10 billion in stock buybacks, bringing its total planned share repurchases to $11.3 billion, after rumored talks for a mega-merger between Cigna and Medicare giant Humana fizzled.

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Why Is Cigna Stock Trading Higher Today?

Benzinga

Cigna Group (NYSE: CI ) shares are trading higher after the company reportedly ended its attempt to negotiate an acquisition deal with rival Humana Inc (NYSE: HUM ) after the pair disagreed on price terms. Instead, Cigna approved an aggregate increase of $10 billion in incremental share repurchase authorization, bringing the company's total share repurchase authority to $11.3 billion.

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