Harvard Corporate Governance
JULY 7, 2023
Posted by Elise Edson, Nick Withers, and Jonathan Swil, Shearman & Sterling LLP, on Friday, July 7, 2023 Editor's Note: Elise Edson is Counsel, and Nick Withers and Jonathan Swil are Partners at Shearman & Sterling LLP. This post is based on a Shearman & Sterling memorandum by Ms. Edson, Mr. Withers, Mr. Swil, Richard Porter , and Michael Scargill.
Benzinga
JULY 7, 2023
Goldman Sachs compiled research suggesting the global pharmaceutical sector has approximately $700 billion available for M&A and investments. This significant financial reserve will be crucial as patents for some of the industry's blockbuster drugs are on the expiration cliff. The pharmaceutical industry is experiencing strong interest in M&A due to anticipated revenue erosion of approximately $200 billion by the end of the decade.
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NYT M&A
JULY 7, 2023
The lawsuit targeted Wachtell, Lipton, Rosen & Katz, a well-known Wall Street law firm, for “unjust enrichment” related to Mr. Musk’s $44 billion purchase of Twitter.
Mckinsey and Company
JULY 7, 2023
Boards are responsible for how generative AI is used at the companies they oversee. Asking company leaders the right questions will help unlock the technology’s value while managing its risk.
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.
Appraisers Blog
JULY 7, 2023
In reply to Retired Appraiser. My positions remain consistent. If you have something to sign, share the link. Popular appraiser author Miller on this site mentioned in zero hedge article. [link] As the nimwits managing GSE programs keep their heads in the sand while continuing to prop up real property price and value with their modernization tech wizardry.
Mckinsey and Company
JULY 7, 2023
The innovative social-commerce format continues to grow, but its potential could be unlocked by tailored approaches responding to differences in consumer characteristics and needs.
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Machen McChesney
JULY 7, 2023
It’s common for high-growth and seasonal businesses to have occasional shortfalls in their checking accounts. The reason relates to the cash conversion cycle — that is, it takes time to collect on customer invoices. In the meantime, employees and suppliers want to get paid. The “cash gap” is currently getting wider for many companies. A recent study by CFO / The Hackett Group shows that the cash conversion cycle increased from 35.2 days in 2021 to 36.4 days in 2022.
Mckinsey and Company
JULY 7, 2023
A board of directors is a governance entity that oversees and supports management on behalf of shareholders and other stakeholders to maximize value creation.
Law 360 M&A
JULY 7, 2023
The past week in London has seen HSBC and Credit Suisse sued by an asset management company accused of lying about being part of HSBC, Amgen hit rival pharmaceutical giant Janssen with a patent claim, and 40 businesses and individuals join the legal battle against law firm Metis Law for not warning them of an alleged Ponzi scheme. Here, Law360 looks at these and other new claims in the U.K.
Appraisers Blog
JULY 7, 2023
[link] Interesting insights into commercial loans. Commercial markets taking a hit. Think PDC’s are a good idea for commercial?
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
Law 360 M&A
JULY 7, 2023
Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.
Mckinsey and Company
JULY 7, 2023
Our newest survey of CFOs finds that despite their growing concern over volatility and inflation, finance leaders plan to keep their organizations moving forward.
Benzinga
JULY 7, 2023
DISH Network Corp (NASDAQ: DISH ) Chair Charlie Ergen is weighing the merger of the two halves of his telecom empire, Dish and EchoStar Corp (NASDAQ: SATS ). The companies have engaged advisors, Reuters cites familiar sources. In. Full story available on Benzinga.
Valutico
JULY 7, 2023
Cameco Corporation Weekly Valuation – Valutico | July 7, 2023 Link to the valuation About the company Cameco Corporation, based in Canada, is one of the world’s largest uranium producers, accounting for about 9% of global production. Since its founding in 1988, it has become a major player in the nuclear energy sector, with significant mining operations in Canada and the US, and interests in Central Asia and Australia.
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.
Auto Dealer Valuation Insights
JULY 7, 2023
Share prices for publicly traded asset and wealth management firms remained relatively stagnant for most of the first two months of Q2, tracking a broader market that struggled to find direction. In late May, however, the S&P 500 kicked off a summer rally that saw the index enter bull market territory in early June before continuing to notch an 8.3% gain for the quarter.
Benchmark Report
JULY 7, 2023
Benchmark International has successfully facilitated a transaction between Blue Wave Capital and Consulting, LLC (“Blue Wave”) and Houston-based Pelican Energy Partners (“Pelican”).
Peak Business Valuation
JULY 7, 2023
The automobile towing industry includes companies that tow light or heavy vehicles. They may also provide incidental services like storage and road repair. IBIS World notes that there are about 10,000 towing companies throughout the country. Together, these towing companies generate over $9 billion dollars in revenue. Moving forward, we can expect sales revenue to continue to grow.
Benzinga
JULY 7, 2023
Four Corners Property Trust Inc (NYSE: FCPT ) disclosed the buyout completion of 13 corporate-operated Darden Restaurants Inc (NYSE: DRI ) restaurant properties for $79.5 million. In particular, the company acquired 12 Cheddar's Scratch Kitchen properties and 1 Olive Garden property. Apart from this, FCPT may acquire one more Cheddar's Scratch Kitchen property in the near term, upon pending further due diligence.
Law 360 M&A
JULY 7, 2023
In this week's Taxation with Representation, FIS agrees to sell a majority stake in Worldpay Merchant Solutions, Mars acquires Kevin's Natural Foods, Brookfield will take over American Equity Investment Life Holding Co., and Patterson-UTI acquires Ulterra.
Benzinga
JULY 7, 2023
KKR & Co Inc (NYSE: KKR ) disclosed a deal to acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefonica del Peru SAA (OTC: CPNBF ) and Entel Perú As per the deal, KKR will buy a stake in PangeaCo, which will subsequently acquire the existing fiber optic networks of Telefónica del Perú and Entel Perú KKR is making the investment through its KKR Global Infrastructure Investors III fund.
Benchmark Report
JULY 7, 2023
Seller financing is when the seller of a business acts as a lender to the buyer by offering financing for all or some of the purchasing price.
Benzinga
JULY 7, 2023
Valmont Industries Inc (NYSE: VMI ) has entered into a definitive agreement to acquire HR Products , a wholesale supplier of irrigation parts in Australia, for an undisclosed sum. The acquisition will expand the company's geographic footprint and grow its parts presence in a key agriculture market. HR Products provides a broad range of irrigation products to serve the agriculture and landscaping.
Financial Times M&A
JULY 7, 2023
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Benzinga
JULY 7, 2023
Society Pass Incorporated 's (NASDAQ: SOPA ) unit NextGen Retail Inc inked a pact to acquire 95% of Indonesia-based PT Inetindo Info, a wholly subsidiary of Story-I Limited. NextGen Retail acquires Inetindo with its physical and intangible assets in an all-cash transaction valued at A$2.78 million, Full story available on Benzinga.
Law 360 M&A
JULY 7, 2023
The U.S. Supreme Court's Slack decision may have created new uncertainty around issuer liability for business combinations involving SPACs, hastening the need for the U.S. Securities and Exchange Commission to finalize its proposed rules and ensure that IPOs and SPACs have similar liability regimes, say Douglas Paul and Ildefonso Mas at Akerman, and Craig Coben at SEDA Experts.
Benzinga
JULY 7, 2023
It seems Alabama's Medical Cannabis Commission (AMCC) is heading back to the drawing board in the midst of controversy and legal battles over its licensing program. AMCC members recently announced that they'll seek an independent review of all scoring data following suspicions of possible irregularities in assessing applicants. Though the regulatory body did not confirm whether it had any evidence suggesting that malpractice had occurred in the process.
Law 360 M&A
JULY 7, 2023
A ski operator accused of creating a monopoly over resorts in the Syracuse, New York, area told a state court that it needs more time for discovery in the case because enforcers obtained documents from only one other operator during their two-year investigation.
Biz Equity
JULY 7, 2023
The Four Key Elements of Client Experience for Business Owner Clients While anyone can benefit from sound financial guidance, business owners often face unique challenges that make achieving their financial goals especially difficult. As an advisor who’s interested in bringing more business owner clients to your firm, you must be able to stand out from the crowd and showcase your value by addressing their particular needs.
Law 360 M&A
JULY 7, 2023
Over four-plus decades, funding for enforcement of antitrust laws has fallen, and Congress must recognize that these years of consolidation have damaged the competitive vitality of the U.S. economy while rewarding the few at the expense of the many, says Barry Barnett at Susman Godfrey.
Benzinga
JULY 7, 2023
Acquisition Onboards Approximately US$30 million to Society Pass Revenue Base NextGen Retail Inc (formerly known as Leflair Inc) ventures out of Vietnam and enters the Indonesian market for the first time; creates online and offline retailer in SEA PT Inetindo Infocom acquisition onboards approximately US$30 million of annual revenues to Society Pass Inc. as well as substantial customer base for Society Pass's Loyalty App SINGAPORE, July 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – NextG
Law 360 M&A
JULY 7, 2023
Beacon Roofing Supply Inc. on Friday announced an agreement to repurchase $804.5 million in preferred stock from private equity firm Clayton Dubilier & Rice LLC that Beacon had sold in exchange for funding to buy a rival company's U.S. distribution network.
Benzinga
JULY 7, 2023
VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Optimum Ventures Ltd. ("Optimum" or the "Company") (TSXV: OPV ) is pleased to announce that it has entered into an arrangement agreement with Blackwolf Copper and Gold Ltd. (" Blackwolf ") dated as of July 6, 2023 (the " Arrangement Agreement "), pursuant to which Blackwolf has agreed to acquire all of the issued and outstanding common shares of Optimum (collectively, the " Company Shares ") by way of a statut
Law 360 M&A
JULY 7, 2023
Venture-backed companies endured a rocky fundraising environment through the first half of 2023, forcing startups to cut costs, stretch their dollars and grant concessions to investors rather than risk raising fresh capital at reduced valuations.
Benzinga
JULY 7, 2023
Hauppauge, NY, July 07, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX , CETXP)), an advanced security technology and industrial services company, today announced that on July 1, 2023, it closed the acquisition of Heisey Mechanical Ltd., a leading service contractor and steel fabricator that specializes in industrial and water treatment markets.
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