Harvard Corporate Governance

FEBRUARY 20, 2024

The Program on Corporate Governance at Harvard Law School (HLS) is seeking applications for Corporate Governance Post Doctoral Fellowships from highly qualified candidates with graduate training in finance, economics, or accounting. Applications are considered on a rolling basis, and the start date is flexible. Appointments are for one year but the appointment period can be extended for additional one-year period/s (contingent on business needs and funding as are other Program positions).

Finance 246

Finance 246

Law 360 M&A

FEBRUARY 20, 2024

A defunct steel tube plant that failed to respond to a Delaware Chancery Court lawsuit seeking $7.35 million for unpaid invoices was found in default Tuesday after failing to appear in court for more than a year and a half.

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Harvard Corporate Governance

FEBRUARY 20, 2024

Posted by Ofer Eldar and Jillian Grennan, UC Berkeley, on Tuesday, February 20, 2024 Editor's Note: Ofer Eldar is Professor of Law, and Jillian Grennan is an Associate Adjunct Professor of Finance and Sustainability at the University of California, Berkeley. This post is based on their article forthcoming in the The Review of Financial Studies. Venture capital (VC) investors play an important role in advising, monitoring, and providing expertise to entrepreneurial startups.

Finance 136

Finance 136

Mckinsey and Company

FEBRUARY 20, 2024

Will 2024 launch a bright new era for M&A? Anticipating what could be an inflection point, many dealmakers are preparing for a surge—and new market requirements—in the year ahead.

Marketability 98

Marketability Mergers & Acquisitions 98

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.

Marketability

Harvard Corporate Governance

FEBRUARY 20, 2024

Posted by Garrett Muzikowski and Sara Sendek, FTI Consulting, on Tuesday, February 20, 2024 Editor's Note: Garrett Muzikowski is a Senior Director, and Sara Sendek is a Managing Director at FTI Consulting. This post is based on their FTI Consulting memorandum. The increased frequency and severity of cyberattacks has resulted in increased pressure on companies at a global level to prepare for, mitigate against, and disclose the impacts of these attacks.

Marketability 130

Marketability 130

NYT M&A

FEBRUARY 20, 2024

Before two of the largest credit card companies in the United States can complete a $35 billion deal, they’ll face an uphill battle with regulators.

Mergers & Acquisitions 112

Mergers & Acquisitions Banking 112

Mckinsey and Company

FEBRUARY 20, 2024

The much-coveted CEO role is the pinnacle for many talented senior executives. Developing certain attributes can help them get there—and leave a legacy.

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NYT M&A

FEBRUARY 20, 2024

Regulators have been tough on big financial mergers, though there are nuances in Capital One’s $35.3 billion takeover bid for Discover.

Mergers & Acquisitions 103

Mergers & Acquisitions Banking 103

Mckinsey and Company

FEBRUARY 20, 2024

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Appraisers Blog

FEBRUARY 20, 2024

Shane Lanham believes that the accusations of racism against him are baseless & is fighting back by countersuing for defamation & damages.

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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

Corporate Finance

Mckinsey and Company

FEBRUARY 20, 2024

A new, tech-enabled operating model is critical if the engineering sector is to deliver the infrastructure needed for everything from climate commitments and the energy transition, to revamped cities.

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Law 360 M&A

FEBRUARY 20, 2024

Despite the sticker shock of Capital One's $35.3 billion deal to acquire Discover Financial Services, experts believe it will ultimately be approved by the U.S. Department of Justice, which for years has placed its antitrust microscope over the larger players in the credit card space.

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Mckinsey and Company

FEBRUARY 20, 2024

New business building is becoming a top priority for CEOs, often in response to changing consumer demands. How can companies navigate the complexities to achieve scale?

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Auto Dealer Valuation Insights

FEBRUARY 20, 2024

Television ratings for Super Bowl LVIII are in, and the overtime thriller between the Kansas City Chiefs and the San Francisco 49ers will go down as the most-watched program in television history (until next year’s Super Bowl, at least). The Chiefs’ overtime victory averaged 123.

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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.

Marketability

Benzinga

FEBRUARY 20, 2024

The $35 billion takeover of Discover Financial Services (NYSE: DFS ) by Capital One Financial Corp (NYSE: COF ) creates the U.S.’ biggest credit card operator , and a major headache for rivals Visa Inc (NYSE: V ) and Mastercard Inc (NYSE: MA ). The synergies created are what drove the deal. Capital One now has a credit card network of its own and, if it chooses, can move its cards issued on the Visa and Mastercard networks to that of Discover.

Marketability 59

Marketability Banking Equity 59

Benchmark Report

FEBRUARY 20, 2024

Benchmark International is pleased to announce a private investor’s acquisition of Demetrius of Forty Churches, DBA Ahlers Meals, a leading home-delivered meal service.

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Benzinga

FEBRUARY 20, 2024

VIZIO Holding Corp (NYSE: VZIO ) shares are rocketing premarket Tuesday after the company inked an agreement to be acquired by Walmart Inc (NYSE: WMT ). Walmart is acquiring VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of about $2.3 billion. VIZIO’s Board has unanimously approved the transaction of Directors, and VIZIO has the right to terminate the transaction within 45 days if, subject to the terms and conditions of the merger agreement, VIZIO receives and

Equity 59

Equity 59

Financial Times M&A

FEBRUARY 20, 2024

Redwheel says they are ‘in complete agreement’ that business is worth substantially more than Elliott’s offer

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Law 360 M&A

FEBRUARY 20, 2024

The streaming company Fubo asked a New York federal court on Tuesday to block a joint venture under which ESPN, Fox and Warner Bros. Discovery would combine sports portfolios into one streaming app, claiming that the plan would harm competition and result in higher prices for consumers.

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ThomsonReuters

FEBRUARY 20, 2024

Jump to: What are general anti-avoidance rules (GAAR)? How are GAAR rules applied? What is the general anti-abuse rule? Does the U.S. have a GAAR? International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

Compliance 52

Compliance 52

Law 360 M&A

FEBRUARY 20, 2024

Radio station operator Audacy Inc. received approval on Tuesday for its prepackaged Chapter 11 bankruptcy plan, allowing it to convert about $1.6 billion of debt to equity and emerge from bankruptcy following approval from the Federal Communications Commission.

Equity 52

Equity 52

Auto Dealer Valuation Insights

FEBRUARY 20, 2024

Andy Frew, ASA, ABV will be speaking at the Financial Executives Networking Group’s Katy/Sugarland Chapter on Thursday, February 22, 2024, in Houston, Texas. Andy will be presenting on “Business Valuation for M&A: Purchase Price Allocations and Fairness Opinions.

Business Valuation 52

Business Valuation Finance 52

Law 360 M&A

FEBRUARY 20, 2024

The U.S. Trustee's Office has moved to have Sorrento Therapeutics' Chapter 11 case dismissed, alleging the biopharmaceutical company manufactured a venue in Texas bankruptcy court, even as the debtor asked for court approval to sell off its assets to its CEO under a revised reorganization plan.

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Gergory Caruso

FEBRUARY 20, 2024

Reducing business risk is not merely about safeguarding profitability, it’s about building a foundation of trust and security. When navigating turbulent economic waters – every employee, their families, their financial hopes are banking on your decisions. While ambitious growth may beckon, remember, calculated risks are still risks. Carefully analyze potential pitfalls, diversify revenue streams, bolster […] The post The Balancing Act: Managing Risk While Taking Money Off the T

Business Valuation 52

Business Valuation Banking 52

Law 360 M&A

FEBRUARY 20, 2024

The Federal Energy Regulatory Commission has approved a $6.7 billion proposed merger between Vistra Corp. and Ohio-based Energy Harbor LLC after taking extra time to review the tie-up amid competition concerns from both federal antitrust officials and state consumer advocates.

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Peak Business Valuation

FEBRUARY 20, 2024

Thousands of businesses throughout the United States use employee stock ownership plans (ESOP). An employee stock ownership plan is an effective way for a business to reward its employees. In an ESOP, employees are enabled to become direct stakeholders of their company. This motivates employees and helps them align their goals with the company’s goals.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Compliance 52

Law 360 M&A

FEBRUARY 20, 2024

Music entertainment company Universal Music Group on Tuesday announced it plans to buy private equity giant KKR's minority stake in Chord Music Partners in a deal that values the music label at $1.85 billion and was built by six firms.

Equity 52

Equity 52

Benzinga

FEBRUARY 20, 2024

As previously speculated, Teva Pharmaceutical Industries (NYSE: TEVA ) will not undergo a split into two separate entities. On Tuesday, Teva’s Chief Executive, Richard Francis , said the company would continue as a unified entity, managing the generics business and its branded drugs. However, the company will stay unified, and “from an infrastructure point of view, (the two businesses) complement each other incredibly well,” Reuters highlighted, citing the CEO at a news briefin

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Law 360 M&A

FEBRUARY 20, 2024

Hogan Lovells-led Walmart Inc. announced its plans Tuesday to buy private smart television manufacturer Vizio in a $2.3 billion deal that will provide the retail giant with more places to sell ads and appeal to shoppers.

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Benzinga

FEBRUARY 20, 2024

China’s e-commerce giant , JD.com Inc (NASDAQ: JD ), is currently assessing the possibility of acquiring the U.K. electronics retailer Currys amid growing competition within its domestic market. Acquiring Currys could mark Alibaba Group Holding Limited’s (NYSE: BABA ) rapid entry into the European market, leveraging Currys’ presence in countries like Britain, Ireland, and the Nordic region.

Marketability 52

Marketability 52

Law 360 M&A

FEBRUARY 20, 2024

Truist Financial Corp. said Tuesday it has agreed to sell its remaining stake in subsidiary Truist Insurance Holdings to an investor group led by private equity firms Stone Point Capital and Clayton Dubilier & Rice, in an all-cash transaction that gives the insurance brokerage an enterprise value of $15.5 billion.

Private Equity Firm 52

Private Equity Firm Enterprise Value Equity 52

Sun Acquisitions

FEBRUARY 20, 2024

Seller financing can be an attractive option for acquiring a business or real estate property. It offers flexibility in structuring the deal and potentially lower upfront costs. However, like any financial transaction, it comes with its own set of risks and complexities. Buyers must conduct thorough due diligence to mitigate these risks and make informed decisions.

Finance 52

Finance Compliance Technology Banking 52

Rhythm Systems

FEBRUARY 20, 2024

As a CEO, you want to know that everyone in your business is performing well, working on the right things, and staying engaged along the way. Traditional performance management doesn’t always deliver the value you expect or drive toward these outcomes. Nonetheless, many companies continue with the practice the way it’s always been done, even though it can be quite costly.

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Benzinga

FEBRUARY 20, 2024

Walmart Inc (NYSE: WMT ) reported fourth-quarter FY24 net sales growth of 5.7% year-over-year to $173.39 billion, beating the consensus of $170.71 billion. Adjusted EPS was $1.80, beating the consensus of $1.65. The stock price gained after the results. Net sales from Walmart U.S. increased 3.4% Y/Y, Walmart International rose 17.6%, and Sam’s Club U.S. was up 2.0%.

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Dividends eCommerce Comps Equity 52