Mon.May 29, 2023

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It’s Time to Call a Truce in the Red State/Blue State ESG Culture War

Harvard Corporate Governance

Posted by Robert G. Eccles (Oxford University) and Eli Lehrer (R Street Institute) , on Monday, May 29, 2023 Editor's Note: Robert Eccles is Visiting Professor of Management Practice at Oxford University Said Business School and Eli Lehrer is the co-founder and President of the R Street Institute. This post is based on their recent piece. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Dave

Appraisers Blog

One can extract the market reaction to be used in the adjustment grid for pretty much anything home related, by knowing how much a contractor would charge for that completed service including materials. Then estimating down for depreciated effective age. – DON’T BELIEVE IT – POPPYCOCK!

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The Imperfect CEO

Harvard Corporate Governance

Posted by Justus O'Brien and Dean Stamoulis, Russell Reynolds Associates, on Monday, May 29, 2023 Editor's Note: Justus O’Brien co-leads the Board & CEO Advisory Partners Practice and Dean Stamoulis is a Managing Directer at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum. Why businesses should embrace the imperfect CEO Imperfection isn’t failure.

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The UK’s competition watchdog risks undermining business dynamism

Financial Times M&A

A decision by the CMA to block the Microsoft and Activision Blizzard merger has provoked debate about its role

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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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Tesla Revs Up India Market Entry: Elon Musk's Next Big EV Frontier?

Benzinga

This story was originally published on the Benzinga India Portal. A high-ranking delegation from Tesla Inc (NASDAQ: TSLA ) recently met with Union Commerce Ministry officials in New Delhi, discussing potential opportunities in India’s growing electric vehicle (EV) market, a recent report indicates. What Happened? Per a Business Standard report, Tesla’s efforts to penetrate the Indian market have been ongoing for over two years.

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Interest rate rises set back European bank M&A by two years

Financial Times M&A

Accounting rules mean mergers would lead to assets being revalued at significantly lower levels

Banking 93

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Rhythm for Cross-functional Alignment: How to Ensure All Departments Move Forward Together

Rhythm Systems

We've all been there. We're part of a huge work project involving team members and departments from all over the company. The stakes are high, every meeting is expensive, all eyes are on the project, and failure is not an option. And, yet, somehow, deadlines are getting missed, everyone is waiting to be told what to do, and balls are dropping all over the place.

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Recent Decisions Enforce LLC Member’s Right of First Refusal, Restrict Partnership Accounting, and Allow Damages Claim for Breach of Oral Shareholders Agreement

Farrel Fritz

Someday, perhaps, I’ll find the comedic inspiration to come up with a joke that begins, “An LLC, a partnership, and a close corporation walk into a bar.” Until then, I’ll have to satisfy myself with writing about an LLC, partnership, and close corporation that walk into a blog, offering the following, short treatments of three recent decisions of interest by New York courts: The first, involving an LLC, features a dispute arising from a somewhat unusual right of first refusal provision in an LLC

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Shoppers Drug Mart Signs Definitive Cannabis Asset Sale Agreement With Avicanna

Benzinga

In a pivotal move in the biopharmaceutical industry, Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF ), a company engaged in the development, manufacturing and commercialization of plant-derived cannabinoid-based products, has announced the execution of a definitive Asset Purchase Agreement with Shoppers Drug Mart. The agreement signifies Avicanna's acquisition of assets of Shoppers' medical cannabis business , in a deal set to finalize on July 31, 2023.

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Recent Decisions Enforce LLC Member’s Right of First Refusal, Restrict Partnership Accounting, Invalidate Shareholder’s Post-Mortem Buyout

Farrel Fritz

Someday, perhaps, I’ll find the comedic inspiration to come up with a joke that begins, “An LLC, a partnership, and a close corporation walk into a bar.” Until then, I’ll have to satisfy myself with writing about an LLC, partnership, and close corporation that walk into a blog, offering the following, short treatments of three recent decisions of interest by New York courts: The first, involving an LLC, features a dispute arising from a somewhat unusual right of first refusal provision in an LLC

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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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Value Drivers for an Urgent Care

Peak Business Valuation

As hospitals became crowded during the COVID-19 pandemic, many people turned to urgent care centers to take care of their medical needs. While we are recovering from the 2020 virus, the urgent care industry continues to thrive. IBIS World predicts that industry revenue will grow from $52 billion to $74 billion over the next several years. This upward trend may be attributed to flexible hours and lower wait times offered by urgent care centers.

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Stallion Discoveries Announces 100% Ownership of Horse Heaven Gold & Antimony Project in Central Idaho

Benzinga

VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSXV: STUD , OTCQB: STLNF , FSE: HM4)) is pleased to announce that the Company has completed its earn-in on the Share Option Agreement dated March 1, 2021 (the " Agreement ") pursuant to which the Company has acquired all the shares outstanding in 1262446 B.C.

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Can Centerview Partners become the next Goldman Sachs?

Financial Times M&A

Plus, Lazard’s next boss prepares for a turnround and Jamie Dimon returns to China

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Regnology entre en négociations exclusives en vue de l’acquisition d’Invoke

Business Wire M&A

PARIS & FRANCFORT, Allemagne--(BUSINESS WIRE)--Regnology, acteur majeur de l’édition de logiciels spécialisé dans les solutions de reporting réglementaire, annonce aujourd’hui son intention de signer un accord définitif en vue de l’acquisition d’Invoke, éditeur français de solutions logicielles de reporting financier, fiscal et réglementaire dédiées aux autorités de supervision (SupTech) et aux entités régulées (RegTech).

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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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Wall Street banks re-enter junk debt market

Financial Times M&A

Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

Banking 71
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Regnology Enters into Exclusive Talks to Acquire Invoke

Business Wire M&A

PARIS & FRANKFURT, Germany--(BUSINESS WIRE)-- #finreg--Regnology, a leading software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the deal would mark the fifth acquisition in less than a year for Regnology.

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Apollo Impact to Acquire United Living, a Leading Provider of Essential Infrastructure, Social Housing Maintenance and Construction Services Across the UK

Benzinga

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO ) today announced that funds managed by its affiliates (the "Apollo Funds") have entered into a definitive agreement to acquire United Living Group ("United Living" or the "Company"), a leading provider of essential infrastructure, social housing maintenance and construction services in the United Kingdom.

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Unlocking the Hidden Value: Exploring the Relationship between Retained Earnings and Business Valuation

Equilest

To delve deeper into the relationship between retained earnings and business valuation, continue reading this article that uncovers valuable insights and practical strategies to unlock hidden business value Retained earnings play a crucial role in assessing the value of a business. As an essential component of shareholders' equity, retained earnings reflect the accumulated profits that a company has chosen to reinvest rather than distribute as dividends.

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Partner Relationship Management Market worth $1,997 million by 2026, growing at a CAGR of 13.8%: Report by MarketsandMarkets™

Benzinga

Chicago, May 29, 2023 (GLOBE NEWSWIRE) -- The global Partner Relationship Management Market size to grow from USD 920 million in 2020 to USD 1,997 million by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period , according to a new report by MarketsandMarkets™ Organizations across the globe are preferring channel partners for driving sales and revenue operations.

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Energy & Sustainability M&A Activity — May 2023

National Law Review M&A

Thomas R.

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Accenture Announces Intent to Acquire Green Domus to Expand Sustainability Services Capabilities

Business Wire M&A

SAO PAULO, Brazil--(BUSINESS WIRE)--Accenture has announced its intent to acquire Green Domus Desenvolvimento Sustentável LTDA.

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Skadden Discusses Proposed Changes to Delaware Corporation Law

Reynolds Holding

The proposed 2023 amendments to the Delaware General Corporation Law (DGCL) approved by the Delaware State Bar Association are intended to address a number of practical issues facing corporations and their counsel and to facilitate certain corporate actions. Among other things, the proposed amendments would: Streamline procedures for ratifying defective corporate acts.

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Marsh McLennan’s Guy Carpenter to acquire Re Solutions, Israel’s leading reinsurance broker

Business Wire M&A

TEL AVIV, Israel--(BUSINESS WIRE)--Guy Carpenter, a business of Marsh McLennan (NYSE: MMC) and the leading global risk and reinsurance specialist, today announced that it is to acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disclosed.

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The Financialization of Crypto

Reynolds Holding

The year 2022 was an annus horribilis for the crypto ecosystem. The combination of the collapse of the FTX group, [1] the failure of Terra’s UST stablecoin, [2] 3AC’s bankruptcy, [3] and crypto losing $2 trillion in market value became aptly known as the “Crypto Winter” of 2022-23. [4] The irony is that, in the aftermath of the 2008 Global Financial Crisis (‘GFC’), cryptocurrencies and decentralized finance were presented as alternatives to traditional finance that could avoid these kinds of adv

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