Thu.Mar 06, 2025

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Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

NYT M&A

Shares of Walgreens Boots Alliance have lost about half their value in the past year, as the chain has faced pressure in its retail and pharmacy businesses.

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Private equity group Sycamore to take Walgreens private in $10bn deal

Financial Times M&A

Tie-up will bring to an end the drugstore chains century-long run as a public company

Equity 108
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Trending Sources

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Latvia: Doorway To The EU

Global Finance

Location, business-friendly regulations, and a skilled workforce make Latvia attractive for FDI. Despite a sluggish economy, Latvia is positioning itself as a prime gateway to the European Union, as foreign capital is flowing into key sectors, and recent reforms underscore its ambitions to become an investment hub in the Baltics. The IMF projects GDP growth of 2.3% in 2025; 2.5% in 2026; and 2.5% in 2027.

Banking 82
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How private investment can improve senior-housing options

Mckinsey and Company

The world needs better residential solutions for the aging. Three innovations may hold the key to truly golden years.

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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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Elevating payroll: Industry leaders advocate for Chief Payroll Officer in the C-suite

ThomsonReuters

They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks. “This is probably the most important topic that I’ve ever spoken about in this type of forum,” Lee said at the beginning of the presentation.

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7-Eleven Taps American Executive to Help Keep It Out of Canadian Hands

NYT M&A

The Japanese owner of the chain also announced a plan to list its U.S. convenience store business as it tries to fend off a Canadian retailers $47 billion takeover bid.

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McKinsey’s highlights from Mobile World Congress

Mckinsey and Company

Companies are getting practical about how to create value from gen AIwhile 5G, satellites, and innovations in phone design also take center stage.

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Poundland up for sale as owner seeks to change focus

Financial Times M&A

Shops selling fast-moving consumer goods a drag on wider Pepco group, company says

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Debevoise Helps Resolution Life Cover $9.7B Of Annuity Risk

Law 360 M&A

Resolution Life said Friday that it will take on $9.7 billion worth of insurance risk for Protective Life Corp. to help the U.S. group manage complex life and annuity products.

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How to Optimize Your Financial Institution’s Policy Development Process

N Contracts

Your financial institution (FI) has countless policies, but are you using them effectively? Are you maximizing your policy development for the best results?

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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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Frank Wanted Artificial Data To Ensure $175M Deal, Jury Told

Law 360 M&A

A JPMorgan Chase & Co. engineering executive on Thursday told a Manhattan federal jury that Frank founder Charlie Javice and her deputy asked him to produce artificial data for millions of purported users of the education company's services, in order to induce the bank into buying the startup for $175 million.

Banking 52
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AMA: Alexander Amosu, founder of Lux Afrique Boutique

Vested

Alexander Amosu is a founder and designer with a keen eye for luxury and innovation. When the world came to a standstill during Covid, he saw an opportunity - not just for his business but for an entire market that had long been overlooked.

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FTC Challenges PE Firm's Medical Device Coatings Deal

Law 360 M&A

The Federal Trade Commission moved Thursday to block private equity firm GTCR BC Holdings LLC's planned $627 million acquisition of Surmodics Inc. over concerns about competition for medical device coatings.

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Brookfield’s internal economy of deals

Financial Times M&A

Plus, the former star Morgan Stanley banker taking part in a US government purge and Venture Globals stock plunges weeks after going public

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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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Del. Chancery Fast-Tracks Review Of $8B Paramount Merger

Law 360 M&A

Delaware's chancellor on Thursday rejected Paramount shareholders' bid for a temporary restraining order that sought to block its proposed $8.2 billion sale to Skydance Media, but she agreed to expedite the proceeding at a "break-neck pace" over breach of fiduciary duty claims involving Paramount's response to an alternative $13.5 billion offer.

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363 Sales: Stalking Horse Bid Protections

John Jenkins

This recent Goodwin alert discusses two ongoing cases in the Bankruptcy Court in the District of Delaware,IdeanomicsandFirst Mode, that address bid protections that the bidder traditionally receives when it makes a binding stalking horse bid for the assets of a Chapter 11 debtor in anticipation of a 363 sale.

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State AGs Want Fees In Kroger Wash., Ore. Merger Cases

Law 360 M&A

A total of 10 attorneys general kicked off two separate bids Wednesday for attorney fees in the state and federal court cases in Washington and Oregon that blocked Kroger's $24.6 billion bid to buy Albertsons, arguing in the federal lawsuit that their substantial participation alongside the Federal Trade Commission means they "substantially prevailed.

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Board Oversight of Cybersecurity Incidents

Harvard Corporate Governance

Posted by Aaron Wendt and Joah Clements, Glass, Lewis & Co., on Thursday, March 6, 2025 Editor's Note: Aaron Wendt is Director of U.S. Governance Policy, and Joah Clements is a Senior Analyst, at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Technological advancements have improved the ways that companies collect, transfer, and process data within and between organizations, creating markets that are largely reliant on internet infrastructure for their day-to-day

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Walgreens Boots Inks $24B Go-Private Deal With Sycamore

Law 360 M&A

EDITING -- Walgreens Boots Alliancesaid Thursday it has agreed to be purchased by private equity firm Sycamore Partners in a transaction with a total value of up to $23.7 billion, as the storied retailer looks to reverse years of financial declines by going private.

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Stakeholder Theory and the Challenge of Welfare Economics

Harvard Corporate Governance

Posted by Robert T. Miller (University of Iowa), on Thursday, March 6, 2025 Editor's Note: Robert T. Miller is the F. Arnold Daum Chair in Corporate Finance and Law and the Associate Dean for Faculty Development at the University of Iowa College of Law. This post is based on his recent paper. In a new paper posted on SSRN , I argue that stakeholder theory will not become fully intellectually respectable until it adopts the concepts and methods of welfare economics.

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As FDIC Walks Back Biden-Era Policies, Bank Groups Applaud

Law 360 M&A

The financial services industry has welcomed the Federal Deposit Insurance Corp.'s recent moves withdrawing various rule proposals from the Biden administration, delaying the compliance deadline for another measureand proposing to rescind a policy statement on bank mergers.

Banking 52
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Comment on Class Action Lawsuit of Targeted Appraisers by Flash

Appraisers Blog

I think the MLO direction will be huge in the next 12-24 months both with Reverse Mtg, Refi and purchase loans. I plan to attach myself to a large un named lender and focus on Reverse Mtgs. The only two groups the senior wanting a Reverse Mtg needs to be aware of are the care taker and extended family that just wants all the seniors home equity. A reverse mtg borrower can be 90 years old and no job and if there is equity in the home say 500k to 2 million, the borrower is on easy street to enjoy

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Colorado Judge Tosses AG's Kroger Merger Claim

Law 360 M&A

A Colorado state judge in Denver has dismissed the state's challenge to the previously proposed merger between Kroger and Albertsons, saying it became moot when the companies dropped their proposed merger following injunctions in Oregon and Washington federal courts.

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Poundland up for sale as budget tax changes drive up costs

The Guardian M&A

Owner Pepco Group considers all strategic options amid increasingly challenging UK retail landscape Business live latest updates Poundlands owner is mooting a possible sale of the UK discount retail chain as it struggles amid tough trading and before incoming from Octobers budget that will send wage costs soaring. Poland-based Pepco Group said it was considering all strategic options to spin out the struggling 825-strong chain from the wider group as it focuses on its more profitable Pepco bran

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Del. Corporate Law Rework Under Pressure At Tulane

Law 360 M&A

An attorney whose firm largely represents investors and consumers told a corporate law conference in New Orleans on Thursday that the list of plaintiff-friendly rulings that would be effectively overturned by a pending corporation law bill in Delaware "will probably be just as long as the bill itself.

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Allegro MicroSystems Board Deems ON Semiconductor's $6.9B Offer 'Inadequate'

Benzinga

Allegro MicroSystems, Inc. (NASDAQ: ALGM ) shares are trading higher premarket on Thursday after it disclosed receiving a proposal from ON Semiconductor Corporation (NASDAQ: ON ) for $35.10 per share, with an implied enterprise value of $6.9 billion. The all-cash offer reflects a 57% premium over Allegro’s closing price on February 28, 2025, the last trading day before reports of onsemi’s acquisition interest surfaced.

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Fintech Startup Klarna Ready For $1B IPO, Plus More Rumors

Law 360 M&A

Fintech startup Klarna is readying a $1 billion initial public offering, Apollo Global Management is keen to lead a $35 billion funding package to help Meta build new data centers, and Italian fashion house Prada is near to closing a $1.6 billion deal to acquire luxury clothier Versace from Capri Holdings Ltd.

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A Contractarian Path Forward for Delaware: A Modest Proposal for SB21

Reynolds Holding

As I write this from the Tulane Corporate Law Institutes annual conference in New Orleans, the energy is palpable. While Mardi Gras revelers have vacated the streets, theyve been replaced by a different phalanx of uncharacteristically confrontational carousers: corporate law practitioners. At the center of their discussions is Delawares proposed Senate Bill 21 (SB21), a legislative initiative that could fundamentally reshape the analysis of fiduciary duties in Delaware courts, particularly regar

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Akin Lands White & Case Energy Pro In Houston

Law 360 M&A

A former senior counsel for Oasis Petroleum Inc. and partner at White & Case LLP moved his energy and infrastructure transactions practice to Akin Gump Strauss Hauer & Feld LLP in Texas, the firm announced Thursday.

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Walgreens Stock Rises As Company Inks $10B Deal To Go Private

Benzinga

Walgreens Boots Alliance Inc (NASDAQ: WBA ) shares are trading higher in Thursday’s after-hours session after the company announced a deal to be acquired by Sycamore Partners. What Happened: After the market close on Thursday, Walgreens announced it entered into a definitive agreement to be taken private by an entity affiliated with Sycamore Partners for $10 billion.

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7-Eleven Eyes US IPO Next Year After Failed Takeover Deal

Law 360 M&A

Japan's Seven & i Holdings Co. on Thursday unveiled plans to pursue a U.S. initial public offering of its North American 7-Eleven convenience stores by the second half of next year, among other business changes, a move that comes after the company reported that a $58 billion takeover offer fell through due to a financing snafu.

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Interactive Strength Targets Global Wellness Market with $15 Million Revenue Boost from Acquisition

Benzinga

Interactive Strength Inc. (NASDAQ: TRNR ) shares were surging higher in early Thursday trading after the company inked a non-binding letter of intent and exclusivity agreement to acquire connected-fitness equipment company for an undisclosed amount. The deal strengthens TRNR's growth strategy by driving accretive acquisitions of high-potential businesses in the fragmented global health and wellness market.

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UK Authorities Clear Amex GBT's $570M CWT Buy

Law 360 M&A

United Kingdom antitrust authorities gave the formal all-clear Thursday to American Express Global Business Travel Inc.'s planned $570 million purchase of CWT Holdings LLC, leaving a Justice Department lawsuit the only hurdle remaining for the corporate travel management services merger.

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Business Valuation for Selling a Recreational Vehicle Dealership

Peak Business Valuation

Selling an RV dealership is an exciting step if you are looking to pursue new opportunities or retire. However, before finalizing the decision, it is important to know the value of your RV dealership. A valuation for selling an RV dealership is a crucial step in this process. It helps you understand how much the dealership is worth and what steps to take to increase its value.