Mon.Aug 15, 2022

article thumbnail

PE Firms Poised for Diversity Drive

Harvard Corporate Governance

Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022 Editor's Note: Kem Ihenacho is partner, Clare Scott is counsel, and Anne Mainwaring is an associate at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Ihenacho, Ms. Scott, Ms. Mainwaring, Catherine Campbell , and Jennifer Cadet.

Equity 234
article thumbnail

Unity CEO John Riccitiello Highlights Complementary Nature Of IronSource Deal, Says Metaverse Opportunity Is 'Present-Day Reality'

Benzinga

Unity Software Inc (NYSE: U ) shares are down more than 5% after the company rejected a takeover proposal from Applovin Corp (NASDAQ: APP ). Monday on CNBC's "TechCheck," Unity CEO John Riccitiello reaffirmed that the company's previously announced merger with IronSource Ltd (NYSE: IS ) is the better deal for shareholders. What Happened: Unity's board unanimously determined the Applovin proposal is not in the best interest of Unity shareholders following a financial and str

98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

BlackRock Response to the Exposure Draft Climate-Related Disclosures Issued by ISSB

Harvard Corporate Governance

Posted by Joanna Cound, Sarah Matthews, and Michelle Edkins, BlackRock, Inc., on Monday, August 15, 2022 Editor's Note: Joanna Cound is Managing Director, Sarah Matthews is Director and Michelle Edkins is Managing Director at BlackRock, Inc. This post is based on BlackRock’s response to the Exposure Draft ED/2022/S2 Climate-Related Disclosures issued by the International Sustainability Standards Board.

Equity 187
article thumbnail

Crypto Giant Galaxy Digital Ditches Billion Dollar BitGo Buyout As Losses Tripled And Terms Weren't Met

Benzinga

Galaxy Digital Holdings Ltd (OTC: BRPHF ) shares traded lower by 2.8% on Monday after the company announced it has scrapped a major acquisition deal. What Happened? Galaxy Digital announced it is terminating its acquisition deal for BitGo after the company failed to deliver audited financial statements for 2021. Related Link: Did Galaxy Digital CEO Mike Novogratz Get His Terra (LUNA) Tattoo Removed Following Crypto Collapse?

article thumbnail

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.

article thumbnail

On Index Investing

Harvard Corporate Governance

Posted by Jeffrey Coles, Davidson Heath, and Matthew Ringgenberg (University of Utah), on Monday, August 15, 2022 Editor's Note: Jeffrey Coles is the Samuel S. Stewart, Jr. Presidential Chair in Business, David Eccles Chair, and Professor of Finance; Davidson Heath is an Assistant Professor of Finance; and Matthew Ringgenberg is an Associate Professor of Finance, all at the University of Utah David Eccles School of Business.

Finance 157
article thumbnail

Summer Shorts: LLC Dissolution and Other Recent Decisions of Interest

Farrel Fritz

Welcome to the 12th annual edition of Summer Shorts. This year’s edition features brief commentary on a handful of recent decisions by New York trial judges and appellate courts in a variety of business divorce cases involving capital calls, recapitalization, dissolution agreements, derivative vs. direct claims, and judicial dissolution. Click on the case names to read the decisions.

Finance 98

More Trending

article thumbnail

Penguin Exec. Says Internal Book Competition Is Strong

Law 360 M&A

The head of Penguin Random House's U.S. operations told a D.C. federal judge Monday that there's real competition between the company's various imprints, in an effort to debunk the government's allegations that its planned purchase of Simon & Schuster from Paramount Global will dampen author pay.

98
article thumbnail

Monkeypox On the Rise: Review of Paid Sick PHE Provisions

ThomsonReuters

Supplemental Public Health Emergency (PHE) Leave. Some states have laws that require the provision of supplemental COVID-19 paid sick leave. Such leave could be used to obtain a vaccination, deal with side effects, for self-isolation and quarantine, or deal with closures of the workplace or the school or daycare their child attends. However, many such provisions were COVID-19 specific and did not apply to all PHEs.

Comps 97
article thumbnail

SMEs put hiring plans on hold, study finds

Accountancy Today

SMEs are reportedly planning to put a stop on hiring plans because of the current level of economic uncertainty, according to the Association of Chartered Certified Accountants (ACCA) and The Corporate Finance Network’s (CFN) monthly SME Recover Tracker. The tracker found just 12% of SMEs anticipate having more people on the payroll, a sharp decline compared with earlier this year in March (37%) and serves as a “strong signal” on investment.

article thumbnail

Unity Software Rejects Unsolicited Proposal From Applovin

Benzinga

Unity Software Inc (NYSE: U ) unanimously rejected the unsolicited proposal from Applovin Corp (NASDAQ: APP ) without expecting any superior proposal. Unity reaffirmed its allegiance to ironSource Ltd's (NYSE: IS ) proposal. Unity CEO John Riccitiello said, "The Board continues to believe that the ironSource transaction is compelling and will deliver an opportunity to generate long-term value through the.

92
article thumbnail

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

article thumbnail

Reckoning With Memories of Budapest

NYT M&A

A Times journalist spent three months capturing a contemporary portrait of Hungary’s capital, where he lived for several years as a child in the early ’90s.

article thumbnail

Vision 2028: How China could impact the global biopharma industry

Mckinsey and Company

China-originated biopharmas will likely have greater influence on the industry by 2028, but regulatory developments and the quality of partnerships will determine how the industry grows.

91
article thumbnail

Small Business Goals: Preparing to Sell Your Business

BV Specialists

After years of creating, developing, and growing your small business there will ultimately come a time when you determine the next best course of action is to sell, whether that be in the open market or in a private transaction between employees, family members, or current investors. In all of these potential scenarios, there are a few things to include in the early stages which will give you the best opportunity for a successful outcome.

article thumbnail

How mining companies reach the operational excellence gold standard

Mckinsey and Company

Creating a culture of operational excellence is allowing the mining industry to reach new heights in sustained improvement in productivity, efficiency, safety, and sustainability.

74
article thumbnail

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.

article thumbnail

Bankrupt Nursing Home Biz Gets OK For Deal On Backup Bid

Law 360 M&A

A Delaware bankruptcy judge has allowed nursing home chain American Eagle Delaware Holding Co. to strike a deal with the second-place bidder for two of its Florida facilities in order to close the sale and move toward the end of its Chapter 11 case.

75
article thumbnail

Dan Loeb’s Third Point Buys Stake In Disney and Pushes for Changes

NYT M&A

Third Point, the firm founded by billionaire investor Dan Loeb, has bought back into Disney and proposed a spinoff of ESPN, takeover of Hulu and new board members.

article thumbnail

Catching Up With Delaware's Chancery Court

Law 360 M&A

More than a dozen new cases in fields ranging from petrochemicals to biopharma to e-bikes hit Delaware's Court of Chancery last week, as the court's newest vice chancellor began doling out his first round of rulings.

75
article thumbnail

M&G: new chief may yield value at lower risk than a break-up

Financial Times M&A

Investors should wait for results of leadership change before pursuing a further demerger

93
article thumbnail

Activist Investor Pushes Disney To Cut Costs, Separate ESPN

Law 360 M&A

Activist shareholder Third Point LLC on Monday disclosed a new stake in Walt Disney Co. and offered a list of recommendations to try and improve the company's future outlook, from a spin-off of cable sports giant ESPN to a refreshed slate of board members.

75
article thumbnail

Penguin Random House’s C.E.O. Defends Bid to Buy Simon & Schuster

NYT M&A

Madeline McIntosh argued that the publishing industry extends far beyond its biggest players, and that the government has focused on a tiny sliver of deals.

article thumbnail

Attorneys Should Note Judges' Financial Conflicts Of Interest

Law 360 M&A

The Federal Circuit's recent ruling vacating a $2.75 billion judgment in Centripetal Networks v. Cisco should be a wake-up call for lawyers that they and their clients could pay a heavy price if a judge with financial ties to a litigant fails to take appropriate action, says Deborah Winokur at Cozen O'Connor.

74
article thumbnail

Thoma Bravo considers taking Darktrace private

Financial Times M&A

UK-based cyber security tech company advised by Mike Lynch attracts bid from US private equity group

Equity 84
article thumbnail

White & Case Boosts NY, Houston Offices With 3 New Partners

Law 360 M&A

White & Case LLP has added three partners to its New York and Houston offices to strengthen its worldwide real estate and mergers and acquisitions practices, the firm said Monday.

52
article thumbnail

BHP announces record cash return on surging coal prices

Financial Times M&A

Australian miner benefits as war in Ukraine crimps Russian fuel exports

97
article thumbnail

Red Flags to Look Out for in a Buyer

Midstreet Blog

The world of Mergers and Acquisitions (M&A) is full of potential buyers who would love to purchase your business. This can be great news for you if you’re selling. The bigger the buyer pool, the more competitive the bids for your business, right?

52
article thumbnail

Tactics for Continuous Third-Party Risk Monitoring

Audit Board

Third-party risks change as the business changes. Security breaches, new contracts, and changes in internal risk ownership — to name a few examples — can all impact the performance of a third-party risk management program (TPRM). To effectively execute a continuous risk monitoring program, it is necessary to have a solid foundation of TPRM guiding principles and organizing best practices.

article thumbnail

Navitas Semiconductor, Industry-Leader in Gallium Nitride Power ICs, Announces Acquisition of GeneSiC Semiconductor, Silicon Carbide Pioneer

Benzinga

EL SEGUNDO, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ: NVTS ), the industry leader in gallium nitride (GaN) power ICs, today announced the acquisition of GeneSiC Semiconductor, a silicon carbide (SiC) pioneer with deep expertise in SiC power device design and process. The transaction is immediately accretive to Navitas as GeneSiC is highly profitable, with more than 25% EBITDA margins.

article thumbnail

Stock Buybacks and Family Businesses

Auto Dealer Valuation Insights

Stock buybacks were in the news last week as the newly-passed Inflation Reduction Act includes a provision levying a 1% excise tax on share repurchases by public companies. As we’ve noted in previous posts, we question Congress’s grasp of the basic economics of what a stock buyback is, but Congress is not our focus today. Privately held family businesses are exempt from the tax.

52
article thumbnail

How Life Insurance Works

Financial Analyst Insider

Most people know that life insurance is important, but few understand how it actually works. A life insurance policy is a legal agreement between you. The post How Life Insurance Works appeared first on Financial Analyst Insider.

52
article thumbnail

Boston Scientific Adds 'Novel' Technology Via This Acquisition For Interventional Oncology

Benzinga

Boston Scientific Corporation (NYSE: BSX ) has acquired privately-held Obsidio Inc that developed the Gel Embolic Material (GEM) technology to embolize blood vessels in the peripheral vasculature. Deal terms were not disclosed. Embolization is a minimally invasive procedure intended to obstruct or reduce blood flow to an abnormality or tumor. Full story available on Benzinga.com.

article thumbnail

Rio Tinto's $2.7B Bid For Canadian Mining Company Rebuffed

Law 360 M&A

Turquoise Hill Resources said Monday that it had rejected a $2.7 billion bid by the Rio Tinto Group to buy the 49% of the Canadian mining company's shares it doesn't already own, saying the Anglo-Australian giant's offer didn't reflect fair value.

52
article thumbnail

PlayAGS Shares Pop Premarket On Takeover Offer At 33% Premium

Benzinga

Gaming equipment provider Inspired Entertainment, Inc (NASDAQ: INSE ) offered $370 million to acquire slot machine maker PlayAGS, Inc (NYSE: AGS ), Reuters reports. Inspired offered $10 per share in cash to acquire PlayAGS. The offer price. Full story available on Benzinga.com.

52
article thumbnail

Freshfields Adds Partner To Silicon Valley Office

Law 360 M&A

Freshfields Bruckhaus Deringer LLP has hired a partner for its U.S. employee benefits and executive compensation practice as a key addition to the Silicon Valley office, the firm announced Monday.

52
article thumbnail

Hedge fund Elliott sold Twitter stake before Musk backed away from deal

Financial Times M&A

Activist investor held 10mn shares as price rallied on news of Tesla chief’s $44bn takeover offer

79