Wed.Apr 13, 2022

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Disclosing Corporate Diversity

Harvard Corporate Governance

Posted by Atinuke O. Adediran (Fordham University), on Wednesday, April 13, 2022 Editor's Note: Atinuke O. Adediran is Associate Professor of Law at Fordham University School of Law. This post is based on her recent paper , forthcoming in the Virginia Law Review. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite by Alma Cohen, Moshe Hazan, and David Weiss (discussed on the Forum here ); Will Nasdaq’s Diversity Rules Harm Investors?

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Benchmark International Ranked in Mergermarket’s Global League Tables Q1 2022

Benchmark Report

Benchmark International is pleased to announce that it has been ranked in the top 10 by Mergermarket for the number of deals it has conducted in Ireland. Bank of America, PwC and JPMorgan are amongst the companies to also rank in the top 10. An Acuris company, Mergermarket delivers M&A intelligence, data and research. To qualify in its league tables, transactions must be over 5m USD in value and publicly available.

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SPAC-Related Enforcement and Litigation: What to Expect in 2022

Harvard Corporate Governance

Posted by Alex Wyman, Colleen Smith, and Kristin Murphy, Latham & Watkins LLP, on Wednesday, April 13, 2022 Editor's Note: Alex Wyman , Colleen Smith , and Kristin Murphy are partners at Latham & Watkins LLP. This post is based on their Latham memorandum. Related research from the Program on Corporate Governance includes SPAC Law and Myths by John C.

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AMC Acquires 7 Theaters From Bow Tie Cinemas

Benzinga

AMC Entertainment Holdings (NYSE: AMC ) is expanding its Northeast presence through the acquisition of seven theaters from the Bow Tie Cinemas chain. The financial terms of the transaction were not disclosed. What Happened: AMC will now own and operate five Bow Tie venues in Connecticut, one in Saratoga Springs, New York, and one in Annapolis, Maryland.

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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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Remarks by Chair Gensler Before the Ceres Investor Briefing

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Wednesday, April 13, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent remarks before the Ceres Investor Briefing. The views expressed in the post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Get to Know Your Third Parties Better: Key Questions to Ask

Audit Board

With rising inflation and supply chain bottlenecks, companies are looking for ways to manage risks and expenses. An important strategy in such a disruptive environment is to review your company’s third-party relationships. Relationships with third parties who are vital to supplying goods, materials, and services is an evergreen risk that has become even more critical during the COVID-19 era.

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Making innovation real at Microsoft Envision

Avanade

During this week's episode of Microsoft Envision presented with Accenture and Avanade, former Disney Chairman and CEO Bob Iger spoke with Julie Sweet, Chair and CEO of Accenture, about how companies can cultivate an entrepreneurial spirit and use technology to drive innovation.

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How to Facilitate a Culture of Controls Compliance

Audit Board

Internal controls are sometimes seen as an activity that occurs after the monthly close. Accountants and IT professionals will perform their work and then complete internal control tasks once everything else is done. I have found that developing a culture of controls compliance — one that embeds control processes into the relevant daily work — is a more efficient and effective approach.

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The Daily Biotech Pulse: GlaxoSmithKline And Halozyme Go Shopping, Mylan's Insulin Glargine Recall, Turning Point Shares Lung Cancer Data And More

Benzinga

Here's a roundup of top developments in the biotech space over the last 24 hours. Stocks In Focus. Halozyme Buys Specialty Product Company Antares In $960M Deal. Halozyme Therapeutics Inc (NASDAQ: HALO ) will acquire Antares Pharma Inc (NASDAQ: ATRS ) for $5.60 per share , valuing Antares at approximately $960 million. The transaction is expected to be accretive to Halozyme's 2022 revenue and adjusted earnings and accelerate top-and bottom-line growth through 2027, with multiple growth d

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GSK to buy US cancer drug developer amid pressure from activist investor

The Guardian M&A

GlaxoSmithKline’s £1.5bn Sierra Oncology deal comes after pressure from Elliott to boost its pipeline The UK drug company GlaxoSmithKline has agreed a £1.5bn deal to buy a US cancer treatment developer, Sierra Oncology, as it tries to fend off pressure from the activist shareholder Elliott Management. The deal will give Britain’s second-largest pharmaceutical company access to California-based Sierra Oncology’s momelotinib, a drug being tested on anaemic patients with a type of bone marrow cance

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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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GlaxoSmithKline Scoops Up Rare Cancer-Focused Sierra Oncology In $1.9B Cash Deal

Benzinga

GlaxoSmithKline plc (NYSE: GSK ) has agreed to acquire Sierra Oncology Inc (NASDAQ: SRRA ) for $55 per share in cash, representing an approximate total equity value of $1.9 billion (£1.5 billion). Sierra's momelotinib complements GSK's Blenrep (belantamab mafodotin), building on GSK's commercial and medical expertise in hematology.

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5 Ways to Increase Value and Relevance for your Community Bank

N Contracts

What does the future hold for community banking? What do community bankers need to do to stay relevant? We recently spoke with Greyson Tuck, an attorney with Gerrish Smith Tuck, which provides legal and consulting services for financial institutions, on the Ncast podcast to get his insights on the future of community banking and how to prepare for it.

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Why Antares Pharma Stock Is Soaring Today

Benzinga

Antares Pharma Inc (NASDAQ: ATRS ) shares are trading higher Wednesday after the company announced it will be acquired by Halozyme Therapeutics Inc (NASDAQ: HALO ) for $5.60 per share in cash, valuing Antares at approximately $960 million. The transaction was unanimously approved by both. Full story available on Benzinga.com.

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Scope Creep & the Imploding of Rules

Appraisers Blog

…the imploding rules then implemented, and the scope creep that evolved because the cart was leading the horse, has severely lessened the reliability of ALL appraisals in my opinion. ANSI, while certainly worthy of discussion and taking a position on, will not solve the real “appraisal problem” that we all have. It really isn’t an effective tool anyway, but what the heck do I know.

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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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Tax Breaks for Businesses and Self-Employed Taxpayers

Machen McChesney

As the 2021 tax filing season progresses, small businesses and self-employed taxpayers should make certain they are taking advantage of all of the tax deductions and opportunities available to them on their 2021 federal income tax returns. Tax savings increases after-tax cash flow and can mean greater return on investment and more money to fund expansion and the overall growth of the business.

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2 Firms Rep Crypto- And Fintech-Focused SPAC's $100M IPO

Law 360 M&A

Aura FAT Projects Acquisition Corp., a special purpose acquisition vehicle targeting cryptocurrency and financial technology companies, kicked off trading Wednesday after raising $100 million in an initial public offering, with guidance from Nelson Mullins Riley & Scarborough LLP and The Loev Law Firm PC.

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The tortuous route of Toshiba’s path to auction

Financial Times M&A

A private equity deal for the conglomerate would be a historic departure for Japan and global funds

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Latham-Led Fandom Sells D&D Tool To Hasbro For $146M

Law 360 M&A

Hasbro Inc. said Wednesday it's buying D&D Beyond, a companion and digital tool set for its Dungeons & Dragons game, for $146.3 million from Latham & Watkins LLP-led pop culture fan platform Fandom.

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SEC Proposes Extensive New Rules Applicable to SPACs and de-SPAC Transactions

National Law Review M&A

Steven R. Burwell Peter Castellon Michael J Choate Steven L. Lichtenfeld Jurisdiction: All Federal Ben D.

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Larry Tanenbaum joins Stephen Pagliuca group vying for Chelsea

Financial Times M&A

NBA chair among heavyweight backers of consortium readying bid for Premiership club

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‘I would definitely avoid Europe,’ says Ex-Texas ERS CIO Tull

Private Debt Investor

Two veteran CIOs told delegates at PDI’s APAC Forum 2022 that Asia-Pacific could have ‘tremendous opportunities’ for investors as Europe and the US face macroeconomic headwinds.

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Gibson Dunn Adds 2 Willkie Attys To PE Practice In Houston

Law 360 M&A

A pair of former Willkie Farr & Gallagher LLP attorneys with experience working in-house at oil and gas companies have joined Gibson Dunn & Crutcher LLP's private equity practice in Houston, Gibson announced Tuesday.

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Bryce and Don Erickson Participating in Industry Webinar Series

Auto Dealer Valuation Insights

Managing Director, Don Erickson, ASA, and Senior Vice President, Bryce Erickson, ASA, MRICS will participate in the Power Panel: Industry Insights webinar series along with Jay E. Fishman, FASA, Managing Director of Financial Research Associates. This webinar, sponsored by Business Valuation Resources, will take place on Thursday, April 14, 2022. The panel will discuss the impact of industry on.

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What Is An SDE Multiple in a Business Sale?

Midstreet Blog

If you want to sell your small business, chances are your valuation specialist will use a multiple of SDE to calculate its value. But how are these multiples found and how can you estimate one for your business?

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Lineage Logistics Acquires Canada's VersaCold

Benzinga

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Lineage Logistics LLC, a cold chain logistics real estate investment trust, said Wednesday that it has acquired Canadian cold chain warehouse and transport company VersaCold Logistics Services for an undisclosed sum.

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Validating e-filed 1040s

Henry Horne

The Internal Revenue Service continues to take measures to prevent fraud by validating e-filed 1040s by having taxpayers sign and validate their electronically filed 2021 tax returns. When e-filing a tax return, all taxpayers must submit one of the following information: Your prior year Adjusted Gross Income (AGI) Your prior year Self-Select PIN If you … Keep Reading.

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Important Cryptocurrency Related Proposals Included In Biden’s 2023 Budget Proposal

Trout CPA

The Biden Administration has proposed to modernize certain tax rules relating to securities, including nonrecognition rules applicable to certain securities lending transactions and the mark-to-market rules under Section 475, to extend them to cryptocurrencies and other digital assets. The tax proposals, which were set out in the Treasury “Green Book” released on March 28, would also expand certain reporting requirements to digital assets.

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Uncovering Opportunities in the SaaS Space in 2022

FE International

2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. There are still several places on lockdown, and much of the world faces restrictions, forcing both businesses and consumers to adjust accordingly. Business owners have always had to be conscious of both macro- and micro-economic factors when planning. With inflationary pressures and increased national debt across most developed nations, many will be making more conservative decisions in 2022 as they expect to be

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Top 10 Tax Breaks for Small Businesses and Self-Employed Taxpayers

Trout CPA

As the 2021 tax filing season progresses, small businesses and self-employed taxpayers should make certain they are taking advantage of all of the tax deductions and opportunities available to them on their 2021 federal income tax returns. Tax savings increases after-tax cash flow and can mean greater return on investment and more money to fund expansion and the overall growth of the business.

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Hasbro Agrees To Acquire D&D Beyond From Fandom For $146M Cash

Benzinga

Hasbro Inc (NASDAQ: HAS ) has agreed to acquire D&D Beyond , a role-playing game (RPG) digital toolset from the fan platform, Fandom , for $146.3 million in cash. D&D Beyond has helped to power DUNGEONS & DRAGONS tabletop play since 2017. The company expects the acquisition to strengthen its capabilities in. Full story available on Benzinga.com.

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Delaware Advance Notice Decisions Highlight Move Toward Enhanced Scrutiny of Board Actions, Even Where Conflicts Exist

Cooley M&A

Like US constitutional law, Delaware courts apply a tiered standard of judicial review to actions taken by the board of directors of corporations: Business judgment deference (rational basis). Enhanced scrutiny under Unocal and Revlon (intermediate scrutiny). The compelling justification standard articulated in Blasius (strict scrutiny). In the constitutional arena, the failure to satisfy the strict scrutiny standard applied in First and Fourteenth Amendment cases led one constitutional scholar

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Coeptis Therapeutics Intends To Acquire Statera's TLR5 Agonist Platform

Benzinga

Coeptis Therapeutics Inc (OTC: COEP ) has entered into a strategic agreement with Statera Biopharma Inc (NASDAQ: STAB ) that gives Coeptis the right to acquire Statera'stoll-like receptor 5 (TLR5) agonist platform, including entolimod. Coeptis will agree to pay Statera Biopharma $6 million and revenue-based milestone payments to be defined in the definitive agreement.

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Offshore Driller Support Co. Hits Ch. 11 With $124M Note Debt

Law 360 M&A

Offshore drilling support company ION Geophysical Corporation filed for Chapter 11 protection in Texas, saying it plans on handing over the equity in the company to the holders of second-lien notes after it couldn't recover from a precipitous revenue decline in the wake of the COVID-19 pandemic.

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Sierra Oncology Stock Is Soaring: Here's Why

Benzinga

Sierra Oncology Inc (NASDAQ: SRRA ) shares are trading significantly higher Wednesday after the company announced it will be acquired by GlaxoSmithKline PLC (NYSE: GSK ) for $55 per share in cash, representing an approximate total equity value of $1.9 billion. GSK believes Sierra Oncology's momelotinib has the potential to address the critical unmet medical needs.

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