Fri.Aug 12, 2022

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CSOs Have More Impact When Aligned To The CEO

Harvard Corporate Governance

Posted by Kurt Harrison, Sarah Galloway, and Emily Meneer, Russell Reynolds Associates, on Friday, August 12, 2022 Editor's Note: Kurt Harrison is co-head of the Global Sustainability Practice, Sarah Galloway is a Consultant, and Emily Meneer is a Global Knowledge Leader at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum.

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Petrobas Shares Higher By 5% As Company Auctions Potassium Mining Rights

Benzinga

Shares of Brazilian oil giant Petroleo Brasileiro ADR (NYSE: PBR ) traded higher by 5% on Friday after the company announced it is selling its potassium mining rights in the Amazon Basin. What Happened? Petrobas said Thursday that it is seeking bidders for its potassium mining assets, including eight mining concessions, four granted mining requests and 22 pending requests for research.

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Climate Disclosures: Not Quite as Easy as (Scope) 1-2-3

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Friday, August 12, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on a Morningstar memorandum by Mr. Stewart and Hortense Bioy. 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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Catalent-Repligen Merger 'Seems Unlikely,' This Analyst Says

Benzinga

Yesterday, Catalent Inc (NYSE: CTLT ) announced to acquire Metrics Contract Services for $475 million. Keybanc notes that the deal strengthens CTLT's oral delivery portfolio and targets rapidly growing biologic applications. Metrics produces highly active pharmaceutical ingredients that are very difficult to produce but very potent in small doses.

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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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Selling a Business During Lawsuit

Sun Acquisitions

Can you sell your business during a lawsuit? While it is certainly not impossible, it’s going to be an uphill battle trying to convince your buyers otherwise. In this post, we take a look at the issues you need to address if you’re facing litigation but are still intent on going ahead with the sale. Issue #1 Disclosure of litigation details to your buyers.

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ValueAct Acquires 6.7% Stake In New York Times; Describes Stock As 'Undervalued'

Benzinga

San Francisco-based investment firm, ValueAct Capital Partners LP has acquired a 6.7% stake in New York Times Co (NYSE: NYT ), according to a regulatory filing. The investment firm has acquired the stake for $350.24 million. ValueAct noted that. Full story available on Benzinga.com.

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More Trending

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Decision-based Risk Management

Norman Marks

WARNING: This is likely to be a controversial post! I have been talking (OK, preaching) about the need to manage the likelihood of achieving objectives (i.e., success) rather than limiting yourself and the organization by managing or mitigating risks. You need to take risks if you ever want to achieve objectives; the key is taking […].

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Don Machholz Passing

Appraisers Blog

Folks, yesterday, August 11, I received the following notice about Don Machholz from a California appraiser, who requested this be circulated: With sadness, I wanted to share the news of Don Machholz passing on Tuesday, August 9 in Wikieup, AZ due to complications with COVID-19. Don was a real estate appraiser from 2003-2018 and was well known within the appraisal industry.

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The ten rules of growth

Mckinsey and Company

Empirical research reveals what it takes to generate value-creating growth today.

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Subpoena Blizzard Sets Stage For Musk-Twitter Trial In Del.

Law 360 M&A

There are captains of finance, titans of tech, friends of Elon Musk, defenders of Twitter, financial firms, banks, lawyers and more, all caught in a blizzard of subpoenas tied to Twitter's lawsuit in Delaware Chancery Court challenging Musk's attempt to terminate his $44 billion offer to buy the social media giant.

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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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How climate action can help deliver EU energy security

Mckinsey and Company

Governments can act now to accelerate the energy transition in Europe to both improve the continent’s long-term energy security and reduce emissions.

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Book Publishing Industry Gets Close Read In Merger Trial

Law 360 M&A

After two weeks presiding over the government's effort to stop Penguin Random House's planned purchase of Simon & Schuster, U.S. District Judge Florence Y. Pan has shown both skepticism and frustration with arguments made by both sides of the merger fight.

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Twitter/Musk circus brings unlikely celebrity to law scholars

Financial Times M&A

Legal academics have their day in the sun explaining the intricacies of a fight that has captured the public imagination

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A Law Firm's Guide To Avoiding Client Conflicts

Law 360 M&A

With the pace of law firm mergers accelerating, Mark Hinderks at Stinson reviews the conflict of interest rules that may derail a deal or cause a firm to lose a new or existing client, and how courts have filled in perceived gaps in the rules.

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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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L.B. Foster Acquires Operating Assets Of VanHooseCo Precast For $50.5M

Benzinga

L.B. Foster Company (NASDAQ: FSTR ) subsidiary, CXT Incorporated, has acquired the operating assets of VanHooseCo Precast LLC for $50.5 million. VanHooseCo Precast is a privately-held business headquartered in Loudon, Tennessee, specializing in precast concrete walls, water management products, and traditional precast products for the industrial, commercial and residential infrastructure markets.

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Private Equity M&A Is Awash In Both Challenges And Cash

Law 360 M&A

Deal making in private equity is down from last year's record levels amid higher interest rates and inflation, but high cash reserves stand to bolster transactions as automation, renewables and other industries undergoing significant transformation continue to attract attention, say attorneys at White & Case.

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Chinese Companies Go Dark

Essentials of Corporate Finance

"Going dark" typically means that a company delists its stock from an exchange. Today, three Chinese companies announced plans to go dark from the New York Stock Exchange. What is interesting is that the companies will still be listed on the Stock Exchange of Hong Kong. The reason for delisting from the NYSE is that American regulators have warned Chinese companies that they would be forced to leave U.S. exchanges unless they allowed regulators to see the records of the company auditors.

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Exit Strategies Group Advises Motion Solutions on Acquisition of Ibex Engineering

Exit Strategy

Exit Strategies Group has advised Motion Solutions, a leading provider of custom engineered positioning systems and a portfolio company of Frontenac, on the recent acquisition of Ibex Engineering. Based in Newbury Park, CA, Ibex Engineering is a manufacturer of precision linear and rotary positioning systems for original equipment manufacturers. The partnership will give Motion Solutions […].

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Mercer Keynoting at 2022 NACVA Business Valuation & Financial Litigation Hybrid & Virtual Super Conference

Auto Dealer Valuation Insights

Christopher Mercer, ASA, CFA, ABAR is keynoting at the 2022 NACVA Business Valuation & Financial Litigation Hybrid & Virtual Super Conference hosted by the National Association of Certified Valuators and Analysts (NACVA) on Thursday, August 19, 2022. Chris will be discussing the state of the business valuation profession. He will summarize where the profession currently stands and what the.

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Plan Sponsor Alert: Cryptocurrency Investments and the DOL's Warning

Machen McChesney

Cryptocurrencies and the volatility of the digital currency market have garnered a lot of attention in the retirement plan industry over the past few years. The Department of Labor (DOL) has issued a stern warning about cryptocurrencies on investment menus and brokerage platforms within 401(k) plans. Since the release of the warning, third-party plan providers have responded with differing stances on the guidance released.

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What Is a Fairness Opinion And What Triggers the Need for One?

Auto Dealer Valuation Insights

For this week’s post, we republish a prior post on the subject of Fairness Opinions. It’s proven to be one of the most popular posts on the blog. If you missed it the first time, we hope you find it informative and helpful. A Fairness Opinion involves a comprehensive review of a transaction from a financial point of view and is typically provided by an independent financial advisor to the board of.

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Deutsche Telekom Nears Majority Stake Ownership In T-Mobile

Benzinga

Deutsche Telekom AG (OTC: DTEGY ) reiterated plans to build its stake in T-Mobile US, Inc (NASDAQ: TMUS ), the Wall Street Journal reports. Deutsche Telekom acknowledged nearing the majority ownership of T-Mobile U.S. by customers. Deutsche Telekom disclosed a 48.4% stake in T-Mobile U.S. with majority voting power in the U.S. wireless carrier. Earlier this.

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UK Probes Freshfields-Led £965M Logistics Co. Deal

Law 360 M&A

Britain's antitrust authority said on Friday that it has launched a formal probe into the £965 million ($1.2 billion) acquisition by GXO Logistics of a U.K. retail logistics business after finding that the completed deal could lessen competition in domestic markets.

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Rapid Micro Rejects Takeover Deal, Adopts Poison Pill To Thwart Investor

Benzinga

Rapid Micro Biosystems Inc (NASDAQ: RPID ) has initiated a review of strategic alternatives and has retained Morgan Stanley & Co. LLC as its financial advisor and Goodwin Procter LLP as its legal advisor to assist in its review. In addition, the company said it rejected an unsolicited non-binding proposal of $5/share from Kennedy Lewis Investment Management LLC, citing the proposal as 'inadequate.' Full story available on Benzinga.com.

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Tackling the retirement adequacy problem: A conversation with Endowus’s Samuel Rhee

Mckinsey and Company

The cofounder of a Singapore fintech explains how a digital platform designed to help residents better invest their social security savings transformed into an all-purpose investment app.

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Avient Divests Its Distribution Business To H.I.G. Capital For $950M

Benzinga

Avient Corp (NYSE: AVNT ) has agreed to sell its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash. In April, the company announced that it was exploring a sale of its Distribution business in connection with announcing an agreement to acquire. Full story available on Benzinga.com.

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Benchmark International Named Best Global Middle Market M&A Specialists 2022

Benchmark Report

Benchmark International has been named 2022’s Best Global Middle Market M&A Specialists by the Global 100.

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Delaware Supreme Court Holds Novel Pre-Closing Dividend Transaction Structure Does Not Thwart Appraisal Remedy

National Law Review M&A

Kristin P.

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CENAQ Energy Corp. Announces Extension of Deadline to Complete Business Combination

Benzinga

Houston, TX, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (("CENAQ", NASDAQ: CENQ ) announced that its board of directors has elected to extend the date by which CENAQ has to consummate a business combination from August 17, 2022 to November 16, 2022 (the "Extension"), as permitted under CENAQ's third amended and restated certificate of incorporation.

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As Crypto Winter Spurs Deals, Attys Caution: 'Buyer Beware'

Law 360 M&A

Cryptocurrencies' price volatility and the uncertain regulatory environment will play an outsize role in shaping acquisition and funding deals during "crypto winter," as well-capitalized players hunt for bargains, attorneys told Law360.

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RSI International Systems and ARCpoint Group Filed Filing Statement for the Proposed RTO

Benzinga

Not for distribution to U.S. news wire services or dissemination in the United States. . VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- RSI International Systems Inc. (NEX: RSY.H) (the " Company " or " RSI ") and ARCpoint Group LLC (" ARCpoint ") are pleased to announce that in connection with the previously announced reverse takeover of the Company by the securityholders of ARCpoint (the " Transaction "), the Company has filed on SEDAR a filing statement dated August 11, 2022 pr

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Howard Jonas' Son To Settle For $12.5M In Del. Telecomm Suit

Law 360 M&A

The son of billionaire businessman Howard Jonas has agreed to settle for $12.5 million his liability in a Delaware class suit alleging an unfair sale of Straight Path Communications in 2017 after parent IDT Corp. stuck the company with federal penalties and losses topping $1 billion.

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Proactive news headlines including Logiq, Voyager Digital, Aurelius Minerals, Nevada Silver, Infinity Stone

Benzinga

New York, NY, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Logiq ends 2Q with solid execution in pursuing higher margin businesses with larger customer accounts click here. Mark Cuban is being sued for promoting Voyager Digital… Will the charges stick?

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Change's Data Can't Be Used Anti-Competitively, Judge Told

Law 360 M&A

An expert witness for UnitedHealth Group and Change Healthcare testified Friday there's no real risk the proposed $13.8 billion deal to buy Change would give a UHG subsidiary a leg up on rival insurers, assailing the U.S. Department of Justice for making overblown predictions about how Change's data could be used to hurt competitors.

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