Harvard Corporate Governance

JANUARY 26, 2023

Posted by Stephen Davis (Harvard Law School), and Konstantinos Sergakis (University of Glasgow), on Thursday, January 26, 2023 Editor's Note: Stephen M. Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and Chair of the Best Practice Principles Oversight Committee (OC) 2020-2022; and Konstantinos Sergakis is a Professor of Capital Markets Law and Corporate Governance, University of Glasgow, and Chair of the OC 2023-Present.

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Marketability 256

ThomsonReuters

JANUARY 26, 2023

Rev. Proc. 2023-14 (Jan. 18, 2023) Available at [link] The IRS has announced the 2023 inflation-adjusted Code § 280F “luxury automobile” limits on certain deductions that may be taken by taxpayers using passenger automobiles (including vans and trucks) in a trade or business. For purchased automobiles, the limits cap the taxpayer’s depreciation deduction.

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Fair Market Value Marketability 102

Harvard Corporate Governance

JANUARY 26, 2023

Posted by Eleazer Klein, Adriana Schwartz, Daniel A. Goldstein, Schulte Roth & Zabel LLP, on Thursday, January 26, 2023 Editor's Note: Eleazer Klein and Adriana Schwartz are Partners, and Daniel A. Goldstein is an Associate at Schulte Roth & Zabel LLP. This post is based on their SRZ memorandum. Related Program research includes Insider Trading Via the Corporation (discussed on the Forum here ) by Jesse Fried.

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ThomsonReuters

JANUARY 26, 2023

Initial Report on the Independent Dispute Resolution (IDR) Process April 15 – September 30, 2022 (Dec. 15, 2022) Available at [link] The DOL, HHS, and IRS have jointly issued a report with usage data on the surprise billing independent dispute resolution (IDR) process created when the Consolidated Appropriations Act, 2021 (CAA, 2021) expanded patient protections to shield individuals from surprise bills for certain out-of-network emergency and non-emergency services.

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Compliance 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

Mckinsey and Company

JANUARY 26, 2023

After years of client impact, two McKinsey senior partners write the playbook for leveraging disappearing sector siloes into a multitrillion-dollar ecosystem strategy.

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Norman Marks

JANUARY 26, 2023

This week, I had the privilege and pleasure of spending time with a number of smart and curious professionals who are dedicated to adding value to their organization. I am talking about internal auditors, of course. I was a speaker at a multi-national company’s annual internal audit conference (something I enjoy doing).

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Compliance 94

Machen McChesney

JANUARY 26, 2023

Deducting losses is a high-priority item for taxpayers in the highest marginal income tax bracket. The topic will be especially relevant during the 2022 tax compliance season because of recent declines in the stock market and a challenging overall business environment.

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Compliance Marketability 83

Gross Mendelsohn

JANUARY 26, 2023

The manufacturing industry has been the backbone of the U.S. economy since the Industrial Revolution. The success of this industry has helped position the U.S. as the world's largest economy. An economy with a strong manufacturing presence helps ensure that a nation's people can access the food, supplies and commodities they need day-to-day. To help this industry thrive, several states in the Mid-Atlantic region provide state income tax and other tax credits for increasing employment or placing

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Equidam

JANUARY 26, 2023

For a long time, the standard has been for founders to let their lead investor worry about deal terms like valuation. We accepted that valuation largely relies on comparables and market conditions, where investors have a more valuable perspective. Especially the case at early stages, where investors could combat uncertainty with experience. Perhaps what we’re really talking about here is pricing, not valuation.

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Fair Market Value Marketability Equity 73

Financial Times M&A

JANUARY 26, 2023

Wholesale and retail conglomerate says it may look to buy more shares in the UK supermarket chain

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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

Business Wire M&A

JANUARY 26, 2023

CHICAGO & LEBANON, Ky.--(BUSINESS WIRE)--VillageMD announced today it acquired Family and Internal Medicine Associates, PLLC, the largest independent primary care practice in central Kentucky. Dr. David George founded Family and Internal Medicine Associates to provide patients with access to high-quality, cost-effective primary care. Later this month, patients in Lebanon and the central Kentucky area can visit Dr.

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Law 360 M&A

JANUARY 26, 2023

Twitter is considering selling up to $3 billion in shares to reduce debt, e-cigarette maker Juul is in talks with three tobacco giants regarding a potential sale, and activist hedge fund Elliott Management has acquired stakes in Japanese conglomerate Dai Nippon and U.S. software giant Salesforce. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

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Business Wire M&A

JANUARY 26, 2023

DALLAS--(BUSINESS WIRE)-- #autodealers--Digital Air Strike, the largest automotive Customer Data and Experience Platform (CDXP) company, has announced a strategic rebrand to DAS Technology. The new name reflects the company’s expanded CDXP technology solutions and unique capabilities across four divisions: Digital Air Strike, BestRide.com, LotVantage, and now AUTOVATE.

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Technology 75

Law 360 M&A

JANUARY 26, 2023

Community engagement platform OpenWeb, which is backed by private investment firms as well as the New York Times, announced on Thursday it had acquired audience management platform Jeeng in a deal worth $100 million.

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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

Business Wire M&A

JANUARY 26, 2023

BOSTON--(BUSINESS WIRE)-- #caregiving--CareAcademy, the leading care enablement platform for home care and home health organizations, today announced that it has completed the strategic acquisition of assets from NextStep, an innovative digital healthcare training and job placement company for certified nursing assistants (CNAs). CareAcademy will acquire NextStep’s video-based content and learning management technology to expand its footprint as the training solution of choice across the caregiv

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Technology 75

Law 360 M&A

JANUARY 26, 2023

Kroger, Albertsons and attorneys general from D.C., California and Illinois agree that a pending D.C. Circuit appeal aimed at stopping a $4 billion shareholder payout ahead of the companies' merger is now moot, but the state-level enforcers have also asked the court to vacate a lower judge's ruling and allow them to continue fighting the merger itself.

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Financial Times M&A

JANUARY 26, 2023

Plus, Big Oil shareholders get a windfall and Franklin Templeton’s dealmaking-fuelled reinvention

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Business Wire M&A

JANUARY 26, 2023

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, today announced that it has agreed to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology, to provide an industry-leading trust model for high assurance contracts and documents.

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Technology 64

ThomsonReuters

JANUARY 26, 2023

On October 11, 2022, the U.S. Department of Labor released proposed rules rescinding current worker classification rules (2020 final rule) and reverting to prior guidance based on historic court rulings on the matter. 2020 final rule As the administration changed hands, the 2020 final rule was placed under scrutiny. First, implementation of the rule was postponed and then later the DOL attempted to withdraw the rule.

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Start-ups 59

Mckinsey and Company

JANUARY 26, 2023

Bank Jago’s Peterjan van Nieuwenhuizen explains the value a life-centric banking approach has for AI banks.

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Banking 79

Fox Corporate Finance

JANUARY 26, 2023

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more The post FCF Bank Monitor – Q4 2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Banking Corporate Finance Finance 52

Law 360 M&A

JANUARY 26, 2023

A Delaware bankruptcy judge Thursday gave San Francisco biotech company Tricida Inc. the go-ahead to look for a stalking horse bidder before it puts its assets on the block next month.

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Business Wire M&A

JANUARY 26, 2023

CHARLESTON, S.C.--(BUSINESS WIRE)--WSC & Company, LLC (“WSC”), announced today the investment in YardWorks and the formation of Yard Alliance. YardWorks, headquartered in Charleston, South Carolina, is a residential landscape design, maintenance, and installation company that specializes in servicing high-end homeowners.

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Auto Dealer Valuation Insights

JANUARY 26, 2023

Earlier this month, the Federal Trade Commission (FTC) announced a proposed ban on non-compete agreements in employment contracts. If enacted, the proposed ban would prohibit a common provision of employment agreements that employers use to limit employees’ ability to compete. As the RIA industry has grown and matured, non-competes and other restrictive covenants have become part of the industry.

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Business Wire M&A

JANUARY 26, 2023

VILLARD, Minn.--(BUSINESS WIRE)--Massman Companies, a worldwide leader in packaging machinery, announces today the acquisition of Ultra Packaging Inc., a privately held company based in Chicago, IL. Ultra Packaging, Inc. (UPI) is a leading designer of robust vertical and horizontal automated cartoning machines that serve the food, personal care, pharmaceutical, and cosmetic industries.

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N Contracts

JANUARY 26, 2023

Last year the National Credit Union Administration (NCUA) surprised everyone with an especially long list of supervisory priorities. For 2023, the NCUA has a long list once again with interest rate risk, liquidity risk, and credit risk topping the list.

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Compliance 52

Benzinga

JANUARY 26, 2023

Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities. Retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.

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Law 360 M&A

JANUARY 26, 2023

Brown Rudnick LLP hired a four-person corporate team from Seyfarth Shaw LLP, led by two partners with over 50 years of combined experience, according to a Wednesday announcement by the firm.

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Trout CPA

JANUARY 26, 2023

Deducting losses is a high-priority item for taxpayers in the highest marginal income tax bracket. The topic will be especially relevant during the 2022 tax compliance season because of recent declines in the stock market and a challenging overall business environment.

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Compliance Marketability 52

Law 360 M&A

JANUARY 26, 2023

Burr & Forman LLP has added two counsels and two associates in Georgia, Florida and Alabama, including the former interim general counsel for financial services company MerchantE and a former Florida assistant state attorney.

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M&A Leadership Council

JANUARY 26, 2023

You’re invited to be part of a brand new in-person, experiential course offered by the M&A Leadership Council: The Art of M&A® for Integration Leaders: Collaborative Forum. This is a hands-on working session for senior-level corporate development, M&A, and integration leaders intended to help corporate acquirers make an immediate and sustained improvement on integration results with every deal.

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Finance Marketability Technology 52

Complysci

JANUARY 26, 2023

Whether you’re a small broker-dealer or an enterprise-level private equity firm, your regulatory compliance program isn’t a one man show – even if the department is only made up of your chief compliance officer (CCO). How can that be? For a regulatory compliance program to function appropriately, the entire advisory firm must play a role. In this blog, we’ll break down the critical roles which comprise your compliance program and how your advisory firm – whether registered investment adviser, he

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Compliance Private Equity Firm Start-ups Equity 52

Benzinga

JANUARY 26, 2023

Ascend Wellness Holdings, Inc. (OTCQX: AAWH ) (CSE:AAWH.U) entered into a definitive agreement to acquire the Maryland assets of Devi Holdings, Inc. , which owns and operates four licensed dispensaries in Aberdeen, Crofton, Ellicott City, and Laurel under the names Nature's Medicines and True Wellness. The agreement will expand AWH's operations into a seventh state as the company continues to build its footprint in limited license states across the Midwest and East Coast.

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Marketability 52

Business Wire M&A

JANUARY 26, 2023

ロンドン--(BUSINESS WIRE)--（ビジネスワイヤ） -- ドイツの実業家で技術系起業家のHakan Koçと元通信会社役員でプライベート・エクイティ投資家のPyrros Koussios（「投資家」）が本日、初の世界的モバイル通信事業者であるTruphoneの買収を本日付けで完了したと発表しました。 Truphoneの再編が本日完了したことを受け、またビジネス・エネルギー・産業戦略（BEIS）大臣のグラント・シャップス議員から国家安全保障・投資認可を、英国財務省の金融制裁執行局（OFSI）から免許を取得したことを受け、投資家はTruphoneの資産と子会社を購入します。 Truphone事業の資産は、投資家が新たに設立して100%所有するTP Global Operations Ltd.

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