Tue.Apr 15, 2025

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Private equity pauses deals to triage investments

Financial Times M&A

Buyout executives say economic uncertainty unleashed by US tariffs has made pricing assets challenging

Equity 143
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The U.S. Wants to Break Up Google and Meta. That Could Be Hard.

NYT M&A

For the first time since the late 1990s Microsoft case, federal trials are weighing antitrust breakups, a tactic that harks back to Standard Oil.

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Trending Sources

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Activist Elliott takes $1.5bn stake in Hewlett Packard Enterprise

Financial Times M&A

Hedge fund group seeks to turn around hardware and software manufacturers languishing performance

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Zuckerberg Calls Buying Rival, Building Co. Two Sides Of 1 Coin

Law 360 M&A

Meta Platforms CEO Mark Zuckerberg tried Tuesday to distance himself from internal documents describing Instagram and WhatsApp as competitive threats, pushing back on Federal Trade Commission monopolization claims by arguing in D.C. federal court that the owner of Facebook was always focused on improvements to itself and the acquisitions.

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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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The U.S. Wants to Break Up Google and Meta. That Could Be Hard.

NYT M&A

For the first time since the late 1990s Microsoft case, federal trials are weighing antitrust breakups, a tactic that harks back to Standard Oil.

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Grant Thornton UK partners paid £682,000 as Cinven completes buyout

Financial Times M&A

Mid-tier firm MHA floats on Londons Aim as shake-up of sector gathers steam

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More Trending

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Health care’s emerging cybersecurity challenges

LaPorte

(authored by RSM US LLP) Explore health care's evolving cybersecurity challenges, AI's dual impact, and best practices for mitigating cyber risks while ensuring patient trust and robust data protection. The post Health cares emerging cybersecurity challenges first appeared on LaPorte.

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What it takes for industrial companies to unlock software value

Mckinsey and Company

To generate growth from their software investments, industrial companies can adapt their go-to-market playbook.

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Banknote maker De la Rue agrees £263mn takeover by US buyout group Atlas

Financial Times M&A

All-cash offer ends months of uncertainty over future of UK company on the public markets

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Prudent Risk Management Is About Clarity, Not Caution

N Contracts

Prudent risk management (also known as strategic risk management) isnt about minimizing or avoiding risk. Its about understanding risk clearly, comprehensively, and in context. Thats a lesson I learned during my decades as a bank regulator, and it continues to resonate today.

Banking 59
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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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Capital Budgeting and the Meaning of Your Family Business

Auto Dealer Valuation Insights

As family businesses look into capital projects, they often utilize quantitative corporate finance tools, including net present value analysis, internal rate of return, and other traditional analyses. While these tools are informative when evaluating the feasibility of various capital projects, they are not quite as helpful in determining “what” to decide for your family business.

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Dems Back Ex-FTC Commissioners In Firing Suit

Law 360 M&A

Most of the sitting Democrats in Congress have thrown their support behind a lawsuit challenging the president's recent firing of two Federal Trade Commission members, telling a D.C. federal court the commission is meant to be an independent bipartisan agency.

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The McKinsey Crossword: Metallic Metaphors | No. 228

Mckinsey and Company

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 youre looking for a quick win.

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SPAC Officers Seek Coverage For Post-Merger Lawsuits

Law 360 M&A

Beazley Insurance Co. and certain former directors and officers of a special purpose acquisition company that ultimately became a solar financing company accused the successor company in Delaware Chancery Court of failing to indemnify and advance costs they incurred in two cases stemming from the SPAC merger.

Finance 52
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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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New reference process and service library supports operational risk management across financial services

Mckinsey and Company

New technologies and business models are transforming the way financial institutions operate. A unique process and service library is supporting operational risk management across the industry.

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FTC Wants More Time To Examine $5.3B H&E Rentals Deal

Law 360 M&A

H&E Rentals has withdrawn and refiled its intent to sell itself to rental equipment company Herc Holdings for a whopping $5.3 billion in order to give the Federal Trade Commission more time to scrutinize the deal for competition concerts.

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How Wall Street got it wrong

Financial Times M&A

Plus, tariff threats push private equity groups to halt dealmaking and the high-yield bond market grinds to a halt

Equity 46
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Cloud Startup Figma Confidentially Files IPO Amid Volatility

Law 360 M&A

Cloud-based design platform Figma Inc. said Tuesday it confidentially filed for an initial public offering, marking a first step toward going public during tense times for equity markets and coming more than one year after a failed merger with Adobe.

Equity 52
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Canadian oil producers see opportunity in Donald Trump’s trade war

Financial Times M&A

US tariffs on its northern neighbour have renewed calls for pipelines and fast-tracking oil and gas projects

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Seller Of NC Concrete Co. Cements Midtrial Victory

Law 360 M&A

A North Carolina federal judge has cut short a jury trial in which the former owner of a concrete business in the state was accused of manipulating financial records to sell her company, siding with the defense in a directed verdict after the plaintiffs rested.

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Controller’s Breach of Fiduciary Duties Leads To Novel Remedy

Harvard Corporate Governance

Posted by Connor P. Wise and Alex J. Kaplan, Sidley Austin LLP, on Tuesday, April 15, 2025 Editor's Note: Connor P. Wise is a Law Clerk and Alex J. Kaplan is a Partner at Sidley Austin LLP. This post is based on their Sidley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. Vice Chancellor Lasters opinion in In re Dura Medic Holdings, Inc. is a helpful reminder of potentially bespoke equitable remedies available for breaches of fiduciary

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39 AGs Urge Congress To Ban PBM Pharmacy Ownership

Law 360 M&A

A bipartisan coalition of attorneys general have urged congressional leadership to pass legislation banning pharmacy benefit managers, their parent companies and affiliates from owning and operating pharmacies in order to boost competition and fairness.

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From Opposition to Action: S&P 500 Company Responses to Unfavorable ISS Say on Pay Recommendations

Harvard Corporate Governance

Posted by Linda Pappas, Perla Cuevas, and Olivia Wright, Pay Governance LLC, on Tuesday, April 15, 2025 Editor's Note: Linda Pappas is a Principal and Perla Cuevas and Olivia Wright are Consultants at Pay Governance LLC.This post is based on their Pay Governance memorandum. In our previous Viewpoint, Recap of the 2024 Say on Pay Season , [1] we discussed the historically low rate of Institutional Shareholder Services (ISS) opposition to Say on Pay (SOP) proposals at S&P 500 companies in 202

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Simpson Thacher Advises On $2.2B Cross-Border Power Deal

Law 360 M&A

Simpson Thacher is advising Canada's Capital Power Corp. on its planned $2.2 billion acquisition of two U.S. natural gas power plants, marking the energy firm's strategic entry into North America's so-called PJM market.

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Playing to One’s Strengths

Merrimack Business Appraisers

Knowing your strengths and playing to your strengths. This adage stands the test of time. While some may first think of an athlete and playing to their natural strengths, this adage rings true to honing our skills, expertise, and talents in any profession. Successful People Surround Themselves with Talent Going alone is a lonely journey […] The post Playing to Ones Strengths appeared first on Merrimack Business Appraisers.

Appraisal 104
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Ares Nabs Stake In Legal-Asset-Focused PE Fund For A$320M

Law 360 M&A

Litigation funder Omni Bridgeway on Tuesday announced that major private equity firm Ares Management Corp. has acquired a majority stake in its ninth continuation fund for approximately A$320 million ($203 million) in cash.

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A Five Minute Guide to Getting Maximum Value When Exiting the Paving Business

Sun Acquisitions

As a paving business owner, youre highly focused on material costs, crew schedules and day-to-day operations. Youre intimately acquainted with the challenges your business faces. Buyers, however, will view your company through a different set of eyes. They may see a turnkey business with steady cash flow, strong local market position, and growth upside.

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Davis Polk Guides StoneX On $900M RJ O'Brien Buy

Law 360 M&A

Davis Polk & Wardwell LLP is guiding New York-based StoneX Group on its agreement toacquire Mayer Brown LLP-advised futures brokerage R.J. O'Brien, or RJO, at an equity value of approximately$900 million.

Equity 52
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Zuckerberg Says He Bought Instagram and WhatsApp Because Building Apps Is Hard

NYT M&A

The Meta chief executive, testifying in a landmark antitrust trial, evaded questions about whether he was trying to snuff out competitive threats.

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Haleon Paying $221M For Full Control Of Chinese Pharma JV

Law 360 M&A

British consumer healthcare company Haleon PLC said Tuesday it has agreed to purchase the remaining 12% stake in its Chinese joint venture, Tianjin TSKF Pharmaceutical Co., for 1.623 billion yuan ($221 million) after increasing its stake to 88% last year.

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Estimating Fair Value Today

Machen McChesney

Many balance sheet items are reported at historical cost. However, current accounting standards require organizations that follow U.S. Generally Accepted Accounting Principles (GAAP) to report certain assets and liabilities at fair value. This shift aims to enhance transparency and reflect an entitys current financial position more accurately. However, estimating fair value can involve significant judgment and subjectivity, especially when observable market data is unavailable.

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Kirkland-Led Canadian Biz Buys Auto-Parts Maker For £1B

Law 360 M&A

TI Fluid Systems said Tuesday that its more than 1 billion ($1.3 billion) takeover by a Canadian rival, ABC Technologies Inc., has been completed, triggering the exit of the auto-parts maker and supplier from the London Stock Exchange.

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Did SB21’s Changes to Delaware Corporate Law Harm Shareholders?

Reynolds Holding

On March 26, 2025, Delaware Governor Meyer signed into law Senate Bill 21 (SB21) updating Delawares corporate law. While there has been considerable discussion of whether the bill was beneficial or detrimental to shareholders, we show that there is no discernible effect on the shareholder value of companies incorporated in Delaware. Some of the key provisions of SB21 include safe harbor protections for directors and officers, controlling shareholders, or control groups; liability protections for

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E-Discovery Quarterly: The Perils Of Digital Data Protocols

Law 360 M&A

Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

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