Mon.Mar 11, 2024

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2023 Activism Recap

Harvard Corporate Governance

Posted by Camila Panama and Alexander Dussault, Mayer Brown LLP, on Monday, March 11, 2024 Editor's Note: Camila Panama is a Partner, and Alexander Dussault is an Associate at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Ms. Panama, Mr. Dussault, William Kucera , Martha McGarry , Andrew Noreuil , and Jodi Simala. 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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Bitcoin hits new record high above $70,000; US investor ends Currys chase – business live

The Guardian M&A

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help biggest cryptocurrency rally Good morning, and welcome to our live coverage of business, economics and financial markets. Bitcoin went through a deep “crypto winter” after hitting its previous heights, but after a remarkable rally it is now hitting new heights above $71,000.

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Banking and Antitrust

Harvard Corporate Governance

Posted by Saule Omarova (Cornell University and Yale University) and Graham Steele (U.S. Department of the Treasury), on Monday, March 11, 2024 Editor's Note: Saule Omarova is Beth and Marc Goldberg Professor of Law at Cornell University and Sidley Austin-Robert D. McLean Visiting Professor of Law at Yale University, and Graham Steele is the Assistant Secretary for Financial Institutions at the U.S.

Banking 124
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Choice Hotels Abandons Wyndham Hostile Takeover Attempt

Law 360 M&A

After a monthslong hostile takeover attempt, Choice Hotels International Inc. on Monday announced its decision to withdraw its slate of nominees for election to Wyndham Hotels & Resorts' board of directors following the expiration of its exchange offer.

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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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A Guide for Directors to Political Law Issues in This Election Year

Harvard Corporate Governance

Posted by Charles M. Ricciardelli and Melissa L. Miles, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, March 11, 2024 Editor's Note: Charles M. Ricciardelli is a Partner, and Melissa L. Miles is Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Key Points With the 2024 election season underway, corporations may want to support the presidential nominating conventions as well as transition efforts and inaugural activities for incomin

Finance 117
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Bringing innovation to a not-for-profit setting

Mckinsey and Company

American Red Cross chief innovation officer Sajit Joseph discusses the opportunity in bringing innovation, AI, and digital transformation to the work of disaster response and blood banking.

Banking 97

More Trending

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The cyber clock is ticking: Derisking emerging technologies in financial services

Mckinsey and Company

As financial institutions actively adopt emerging technologies, they should act now to future-proof themselves against growing cyber risks.

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Deadspin Sells to European Media Company, Leaving Staff Behind

NYT M&A

The new owner, Lineup Publishing, will not be bringing on any of the sports website’s existing staff members.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Baggins

Appraisers Blog

In reply to Mary Thompson Thompson. When you observe the building department approve projects outside of existing zoning allowances, you are observing them padding their budget, aligning themselves for a raise in the future. They say whatever needs to be said to justify the action. In my state they say high density housing is to protect the open spaces, so they stack em and pack em in special zoning districts.

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Your Business Appraiser Does Not Need to be Local

BV Specialists

There is a misconception in the valuation industry, which some of our clients express their concern over, that their appraiser needs to be located in close proximity to where their company is situated. It is understandable that a small business owner, who themselves may have several local relationships with their own clientele, would raise this issue; however, the fact is that experienced, certified professional appraisers can effectively value any company, regardless of where it is located, and

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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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Comment on ANSI & Floor Plans Goofiness by Fitz Turner

Appraisers Blog

You must visit Frank Lloyd Wright’s Falling Waters in PA. To make the rooms seem larger, the hallways were 19 inches wide. from The Gardian: The ceilings inside Fallingwater drop from a maximum of 9ft to a rather stooping 6ft 4in. Wright based proportions intuitively around his own height – 5ft 8 1/2 in – and if his clients were tall, well, they just had to bend to the maestro’s proportional will.

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Albert del Pilar Discusses Current M&A Trends on ITR Economics TrendsTalk

Butcher Joseph & Co.

Alberto Toribio del Pilar discusses the current state of the M&A space on TrendsTalk. The post Albert del Pilar Discusses Current M&A Trends on ITR Economics TrendsTalk appeared first on ButcherJoseph & Co.

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Stop leading with technology and start leading with experiences

Avanade

Consumers don’t care about the tech that makes up a product or service, they care about how it impacts their lives. Make what matters with their experience in mind.

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Comment on Should Property Data Collectors Be Licensed? by Baggins

Appraisers Blog

In reply to Nancy M. Burnett. Or one could turn to the local jurisdictions building codes on valid square footage, as the builder reported them to the county, as the county recorded them with the assessors, which the local MLS and sales ages are supposed to be using as the main reference for home sizing. Or just come up with a totally different system that nobody else in the area uses.

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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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Using M&A as a launchpad for transformation

Mckinsey and Company

Transactions can play a significant role in large-scale transformation, presenting a time of intensified focus on change and a heightened sense of ownership and accountability—the building blocks of transformation.

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Comment on We Need a Lobbyist by Dave

Appraisers Blog

Maria – I understand your fears with the current political environment! But back to what can you do – The Consumer Financial Protection Bureau (CFPB) – now enforces Dodd Frank and they DO have a hotline for written complaints. I encourage all every time they sense a lender is stepping out of line to file a COMPLAINT. Briefly, our profession has replaced “specific” information with “General” information resulting in meaningless boiler plate.

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From legacy to cloud: Lessons from the trenches

Mckinsey and Company

The journey to cloud is complex, demanding leadership, careful planning, and an agile approach to the unexpected.

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Comment on Should Property Data Collectors Be Licensed? by Nancy M. Burnett

Appraisers Blog

In reply to Baggins. Most software can be set for feet or decimal measurement, Marshall Swift also has a conversion chart. Converting inches to decimal is no big deal.

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It’s time to rethink the FDIC approach to bank rescues

Financial Times M&A

The agency should have more flexibility rather than being compelled to chose the ‘least cost’ option

Banking 93
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Comment on ANSI & Floor Plans Goofiness by Daniil

Appraisers Blog

The complexities and inconsistencies within ANSI Standard Z765-2021 and the differing requirements for floor plans and sketches in appraisal reports highlight significant challenges in achieving uniformity in residential property measurements. The distinction between measuring new constructions from plans and existing structures in the field creates discrepancies, as does the variation in requirements between full traditional inspections and Desktop or Hybrid reports.

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UK government considers changes to law to block Telegraph bid

Financial Times M&A

Rishi Sunak is under growing pressure to stop the newspaper’s takeover by Abu Dhabi-backed RedBird IMI

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Baggins

Appraisers Blog

In reply to Mike Ford, AGA. Mr Ford said; ‘No one goes to court with a “value acceptance” or hybrid as their only value support.’ That’s where amc indemnity agreements come into play. Special hint; Appraisers will not be the ones initiating lawsuits. But if they were foolish enough to complete that work, they may be the ones paying.

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What Do Elections Mean For M&A

Benchmark Report

As the United States approaches its 60 th presidential election on November 5, 2024, we’ve identified some of the key ways this lead-up to the polls is likely to positively impact M&A activity.

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Comment on We Need a Lobbyist by Maria

Appraisers Blog

In reply to David. Yes, direct contact!!!! We don’t need much money and/or time. Just invite your local and fed representative to your next cook out. They love to eat too!!

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UK Dealmaking Trends 2024 – The Return of Deals

Benchmark Report

In the wake of persistently low deal activity over the past two years, the dealmaking landscape is showing signs of change. As interest rates stabilise, inflation falls, and markets become less volatile, dealmakers are presented with new opportunities and challenges. And it looks like change is inevitable. According to PwC’s 27 th UK CEO Survey, one in five CEOs believe their companies will not be viable in the next 10 years if they stay on current paths, with organic change not sufficing.

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Comment on We Need a Lobbyist by Maria

Appraisers Blog

I agree, Dave. My thought (not conspiracy, just a thought): appraisers will be blamed for the next downfall. They make the bed now… On the other side: the ship has been sailed? One, One person made to take out the Bible from the classroom. One, one person made possible legalizing the abortion, one, one made the changes in many (weather you agree or not) cases.

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Rare as a Dodo: Bifurcation in Business Divorce Trials

Farrel Fritz

Jury trials in business divorce litigation are uncommon. Bifurcated business divorce jury trials are all but nonexistent. But in Aronov v Khavinson (81 Misc3d 1242(A) [Sup Ct, Kings County Feb. 9, 2024]) , we encounter the elusive specimen in the wild: a successful jury verdict on liability on a slew of business tort, quasi-contract, and equitable claims in the first phase of a bifurcated jury trial by an LLC owner against the entity’s three managers, including a lawyer.

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Comment on ANSI & Floor Plans Goofiness by Joseph

Appraisers Blog

I try to use a tape measure whenever possible, if the 2nd floor has angles and complex areas I use a laser too; the problem lies in the homeowner understanding all of this, especially when it is a cape style with low 2nd floor. I did a house built in 1850, 2 stories, the assessor said it was 3200 sf, I measured according to current ANSI and came up with ZERO sf of gla as BOTH floors were less than 7′ in height, imagine the hysteria it created with the owner and the underwriter.

Comps 75
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EQT to create $35bn integrated gas group with deal for pipeline business

Financial Times M&A

One of the biggest US natural gas producers announces purchase of midstream assets it previously owned

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Comment on Should Property Data Collectors Be Licensed? by Baggins

Appraisers Blog

In reply to Nancy M. Burnett. The concept is not logical, co mingling two entirely different measurement standards. Mandating metric, but only after the foot. Otherwise, standard feet is acceptable. But not acceptable for anything less than a foot. How long before they drop the foot and go with the meter instead?

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Costly Service Provider Mistakes for Investment Advisors

N Contracts

Investment Advisors: Don’t Make These Expensive Outsourcing Mistakes with Service Providers Your firm outsources to service providers to help you run a more efficient practice. But what happens when a service provider harms your business?

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Illumina Brass Faces Shareholder Suit Over Grail Deal Debacle

Law 360 M&A

Current and former directors and executives of Illumina, including former U.S. Food and Drug Administration Commissioner Scott Gottlieb, have been hit with a shareholder derivative suit in California federal court over their role in the biotech company's failed $8 billion deal to reacquire its cancer-detection company Grail Inc.

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5 Reasons Sellers Need a Quality of Earnings Report

Auto Dealer Valuation Insights

A deal flow was sidelined for much of 2022 and 2023, but the economy’s soft landing, stabilizing interest rates, and pent-up M&A demand are expected to compel buyers and sellers to renew their efforts in 2024 and beyond. As deal activity recovers, sellers need to be prepared to present their value proposition in a compelling manner.

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Canadian Oil Driller Seeks US Recognition Of Reorg Filings

Law 360 M&A

A Canadian operator of Wyoming oil and gas wells Monday asked a Delaware court to recognize its Canadian insolvency proceedings, saying it is out of cash, $92 million in debt and seeking a buyer after years of production problems.

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