Thu.Jun 22, 2023

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How Effective Is SEC Rule 10b5-1 In Deterring Insider Trading?

Harvard Corporate Governance

Posted by Eliezer M. Fich (Drexel University), Robert Parrino (University of Texas at Austin), and Anh L. Tran (City University of London) , on Thursday, June 22, 2023 Editor's Note: Eliezer M. Fich is Professor of Finance at Drexel University LeBow College of Business, Robert Parrino is Professor of Finance at the University of Texas at Austin, and Anh L.

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Comment on We Need a Lobbyist by Judith Marlowe-haase

Appraisers Blog

In reply to Retired Appraiser. I loved my job as an appraiser. I was trained by MAI appraiser and was really good at it and I, in turn trained several other people who remained til the end. We all left the field. SAD day for me.

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Remarks by Commissioner Uyeda at the Society for Corporate Governance 2023 National Conference

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Thursday, June 22, 2023 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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No Cash? No Problem: Robinhood Prepares To Offer Credit To Its Users

Benzinga

Retail investor-friendly brokerage Robinhood Markets Inc (NASDAQ: HOOD ) is pushing the boundaries of the fintech space with its strategic acquisition of San Francisco-based X1 , a platform that offers a no-fee credit card. What Happened: The move marks a step in Robinhood's journey to broaden its product offerings and deepen its relationship with existing customers.

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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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How to Calculate Material Margin and Drive Competitive Pricing

Redpath

Learn the formula for calculating material margin and how using it can help you set pricing that keeps you competitive in the manufacturing marketplace.

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Global Economics Intelligence executive summary, May 2023

Mckinsey and Company

Consumers slightly more optimistic as inflation stabilizes; developed economies struggle to maintain GDP momentum in face of headwinds; labor markets tight; China rebound slows; India economy positive.

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Future of B2B Sales: Building the right team and talent to drive growth in an uncertain environment

Mckinsey and Company

Sales is a business about people and getting the right talent is vital—companies must reconsider their talent strategies and the sales roles they need to continue to drive growth.

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Chancery Reaffirms Very High Bar For Board Liability On Deal

Law 360 M&A

The Delaware Court of Chancery's recent decision in a Block shareholder's suit over the purchase of Tidal serves as a reminder that an independent and disinterested board will not have liability unless it did not act in good faith — even when the court strongly criticizes flawed processes and the business decision, say attorneys at Fried Frank.

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Fortress Investment Group Set to Acquire Vice Out of Bankruptcy

NYT M&A

The company was part of a group of bidders that offered $225 million to acquire the bankrupt media company.

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2nd Circ. Says DirecTV Owes Ex-Subsidiary For License Fees

Law 360 M&A

DirecTV has to pay for a former subsidiary's licensing fees that it owes to India's telecommunications agency after the Second Circuit concluded Thursday that those fees constitute taxes under an agreement requiring the satellite TV provider to cover some pre-separation liabilities.

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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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Elliott/NRG: clash between energy group and activist will be a slow burn

Financial Times M&A

Texas-based company announces plans to nearly triple size of its share repurchase programme from $1bn to $2.

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Ocado shares soar on takeover rumours

The Guardian M&A

Online supermarket’s sales have suffered since pandemic boom – but it could be a target for a big US firm Shares in Ocado soared by as much as 40% on Thursday, amid market speculation that the online supermarket and retail technology group could be the target of a takeover. In their second day of gains, Ocado shares briefly reached 631p from 430p at Wednesday’s close of trading, before falling back.

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PayPal/KKR: payment group finds willing buyer for its specialist assets

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Capital allocation starts with governance—and should be led by the CEO

Mckinsey and Company

CEOs should be relentless in allocating resources toward growth. That calls for decision making to be strategy-driven, granular, and framed by an influential team.

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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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Microsoft and Activision to face FTC challenge to $75bn deal

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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The role of social media and tech in Gen Z’s mental health

Mckinsey and Company

A McKinsey Health Institute global survey reveals that Gen Zers experience worse mental health problems than other generations. Does social media and tech harm or help?

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German chemical group Covestro rejects €13bn Abu Dhabi approach

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Ethical Dilemmas in the Age of Big Data: AI, Privacy Rights, and Key Considerations for Internal Auditors

Audit Board

Security and privacy are typically regarded as key risks from an internal audit perspective. However, out of the disruption of the pandemic emerged a new understanding of the interwoven nature of privacy, security, and trust. When sensitive and confidential data protected by an organization is compromised — such as during a ransomware attack or phishing attack — trust in the organization can quickly erode, resulting in subsequent fallout including reputational damage and financial loss.

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Should private equity own Simon & Schuster?

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Six Best Practices When Preparing for Third-Party Audits

Audit Board

Depending on your business’s size, industry, and compliance needs, it will be subject to third-party audits. Businesses will typically choose to undergo a third-party audit with the goal of achieving or maintaining a security certification, such as SOC 2 (I and II), ISO, or PCI DSS. While these audits are time-intensive, obtaining certifications are one of the most effective ways to provide assurance to prospective customers that your business adheres to industry-level security standards.

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Ocado shares surge over Amazon bid speculation

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Value Drivers for a Medical Supply Business

Peak Business Valuation

The medical supply industry has performed well over the past several years. This industry is a crucial part of the healthcare system. This is especially true during times such as the 2020 pandemic. As such, the demand for medical supplies increased. Industry growth is likely to continue due to the aging population. Additionally, medical supplies and equipment are constantly evolving.

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4 Considerations for Your RIA’s Buy-Sell Agreement

Auto Dealer Valuation Insights

This time of year, we’re typically wrapping up much of our annual valuation work for RIA clients with buy-sell agreements. Thankfully, these clients have worked with us or legal counsel to iron out many potential issues in crafting the valuation portion of the buy-sell or operating agreement, so we don’t have to address them every year. We still get a lot of questions from clients and prospects.

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IBG Business announces sale of Superior Stone & Cabinet

IBG Business

PHOENIX, Ariz. – Superior Stone & Cabinet, Inc. , a Phoenix home remodeling superstore, has been acquired by Antonio R. Santiago of Seattle. IBG Business (Arizona) initiated and facilitated the sale, which closed March 22, 2023. Managing director Lance Meilech (pictured) led the IBG team in this transaction. The terms of the transaction are not disclosed at the parties’ requests.

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Overview of Auto Finance 2023

Auto Dealer Valuation Insights

Auto dealers that sell new vehicles nationwide rely on their Finance and Insurance (F&I) departments as an important source of earnings. While top-line department revenue is typically a small portion of a new car dealership’s total revenue mix, these departments have much more favorable margins than their counterparts in the selling division.

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Vice Media's Next Chapter After Bankruptcy: Fortress Investment Announces Winning Bid Of $225M

Benzinga

Fortress Investment Group’s stalking horse bid of $225 million has been declared the winning offer for Vice Media as the company exits bankruptcy. Despite receiving multiple offers, none were deemed superior to Fortress’s bid, CNBC reported citing an internal memo. GoDigital presented one of the bids at a $300 million valuation. However, Fortress desired more cash and had reservations about GoDigital’s funding.

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Obtaining a Machine Shop Equipment Appraisal

Peak Business Valuation

Obtaining a machine shop equipment appraisal is a crucial step when it comes to purchasing , selling , or securing financing for your business. At Peak Business Valuation , we specialize in providing comprehensive and precise assessments of machine shop equipment. In this article, we guide you through our process of conducting machine shop equipment appraisals.

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Sony Said It Could Not 'Risk' Sharing PlayStation 6 Details With Activision If Microsoft's Buyout Goes Through

Benzinga

Sony Interactive Entertainment President and CEO Jim Ryan expressed Sony Group Corp 's (NYSE: SONY ) concerns regarding the potential implications of Microsoft Corp.' s (NASDAQ: MSFT ) proposed acquisition of Activision Blizzard Inc (NASDAQ: ATVI ). As per Eurogamer, Ryan emphasized that if the $68.7 billion buyout received regulatory approval, Sony, which makes PlayStation, would no longer be able to disclose details about its upcoming console hardware to Activision, the maker of the po

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AuditBoard Named Leader in Audit Management, GRC, and Third-Party Risk Management in G2 Summer 2023 Report

Audit Board

AuditBoard’s modern connected risk platform receives top customer rankings for ease of implementation, exceptional business results, and unparalleled usability. LOS ANGELES, CA - June 22, 2023 - AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced that it has once again been rated as Leader in both the Audit Management and GRC Summer 2023 Grid Reports from G2.com , a streak that has reached 15 and 14 consecutive quarters respectiv

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Standout swag ideas for your startup's next event

Vested

Nobody particularly enjoys networking. It’s one of those things that makes everyone feel a little awkward and out of place. However, as a startup owner, you need to get out there and tell everyone about your business! Networking is made much easier if you can not only break the ice, but also give them something to remember you by. You may be attending a large conference or maybe you have your own startup event, but it’s very likely that even if you’re at a mixed event, you’ll have a booth for yo

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Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment

Benzinga

Amazon.Com, Inc (NASDAQ: AMZN ) and several other techs "heavyweights" weighed a bid worth 800p per share for Ocado Group PLC (OTC: OCDDY ) (OTC: OCDGF ). Ocado builds robots and software that help deliver groceries online. "A deeper consideration of the strategic logic and the actual likelihood of an official. Full story available on Benzinga.

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Digital transformation and the middle market

LaPorte

(authored by RSM US LLP) The RSM US Middle Market Business Index survey shows that digital transformation is an important topic for business leaders The post Digital transformation and the middle market first appeared on LaPorte.

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Aeglea BioTherapeutics Stock Surges Over 400% Today - What's Going On

Benzinga

Aeglea BioTherapeutics Inc (NASDAQ: AGLE ) has acquired Spyre Therapeutics , a privately-held biotechnology company focused on developing antibody therapeutics for inflammatory bowel disease. As part of the acquisition, Aeglea entered into a definitive agreement for a private placement of Series A non-voting convertible preferred stock, resulting in approximately $210 million in gross proceeds.

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Duane Morris Adds Ex-Bracewell Trial Partner, Judge In Texas

Law 360 M&A

Duane Morris LLP has hired a longtime Bracewell LLP trial partner, who formerly served as a Texas district court judge, in its Dallas office, the firm announced Wednesday.

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