Wed.Nov 08, 2023

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SEC Adopts Amendments to Beneficial Ownership Reporting Rules

Harvard Corporate Governance

Posted by Eric Orsic, Thomas Conaghan, and Heidi Steele, McDermott Will & Emery LLP, on Wednesday, November 8, 2023 Editor's Note: Eric Orsic , Thomas Conaghan , and Heidi J. Steele are Partners at McDermott Will & Emery LLP. This post is based on their MWE memorandum. Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; The Law and Economics of Blockholder Disclosure (dis

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Comment on Leaving the Appraisal Profession by Rickk

Appraisers Blog

In reply to Older & Maybe Wiswe. Incorrect, at least in Pennsylvania, to appraise real property you had to be a licensed Real Estate broker (not a sales person). But, the truth is, it was a law generally honored in the breech of it.

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Remarks by Commissioner Uyeda at the Practicing Law Institute’s 55th Annual Institute on Securities Regulation

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Wednesday, November 8, 2023 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent remarks. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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DOL Proposes Increase to Salary Threshold Amounts

Machen McChesney

FocusPay Solutions provides business clients with the Department of Labor (DOL) proposal to increase the minimum weekly salary amount for the exemption for highly compensated employees.

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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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Inflexion sells Chambers and Partners in £400mn plus deal

Financial Times M&A

Sale of legal ranking specialist to US investment group Abry Partners is latest deal in sector to attract investor capital

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Comment on Leaving the Appraisal Profession by Rickk

Appraisers Blog

In reply to Baggins. My friend, I’ve spent 40 years in the Real Estate business, including 30 as an appraiser. The Banks don’t WANT protection, they want to make money. To do that, they simply want to do every deal they can, and sell off the paper. BADGES? We don’t got no Badges. We don’t need no Badges! An we don’t need no stinking property appraisal.

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Comment on Appraisal Bias Mantra is Largely False Reporting by Charles Minzenberger, SRA

Appraisers Blog

In reply to Rick Daniel. Tobias testified at one of the hearings, Fudge heard this first hand, Maxine Waters was the chair at this hearing, and it was a big joke. Let’s hope ABC news makes another special in apology, I won’t hold my breath.

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Marlyn Chemicals client video testimonial

Benchmark Report

Benchmark International facilitated the transaction between Marlyn Chemicals, Marlyn Vulindlela ( Marlyn Group ), and Letsema Holdings ( Letsema ). Watch as the former founder of Marlyn Chemicals shares his experience working with Benchmark International throughout the M&A process.

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Comment on Appraisal Bias Mantra is Largely False Reporting by Seneca

Appraisers Blog

Need a new source if we are going to get the message across. The AEI is the opposite number to the Brookings Institue. AEI is a conservative organization with over 150 contributors with only one being African American. And that was just as a guest writer. Hard sell there is no bias with 150 white authors.

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AuditBoard Named to Deloitte Technology Fast 500™ for Fifth Year

Audit Board

Customer-centric innovations in audit, risk, IT compliance, and ESG management drive continued rapid growth for industry leader. LOS ANGELES, CA, Nov. 8, 2023 — AuditBoard, the leading cloud-based platform transforming audit, risk, IT compliance, and ESG management, announced today that for the fifth consecutive year, it has been named to the 2023 Deloitte Technology Fast 500 ™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech co

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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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Comment on Appraisal Bias Mantra is Largely False Reporting by Eric Kretz

Appraisers Blog

In reply to Seneca. “Hard sell there is no bias with 150 white authors” Just like a good appraisal report, the facts don’t care about your feelings. If all of the findings in the above report are factual, it shouldnt matter what color the author or their organizational makeup is. Isn’t this the point, that race shouldn’t matter?

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How to Value a Glass and Glazing Company

Peak Business Valuation

Glass and glazing companies primarily prepare and install glass panels for windows, doors, skylights, sunrooms, and curtain walls. There are over 26,000 glass and glazing companies throughout the country. According to IBIS World , these businesses generate at least $3.9 billion in revenue per year. Additionally, we can expect healthy revenue growth for the industry moving forward.

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Comment on Seller Filed a Racial Bias Complaint Against Me by Garth

Appraisers Blog

In reply to Will. From my reading Waivers are not predominantly the reason. However, in reading Tech’ Companies along with Fake News propaganda BS is Influencing the Third Party Property Inspector DeskTop type reports. In Working RE latest publication ( a must read ) HUD IS & has been using appraisers as Test Rats to promote homeowners Bias complaints.

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ISS Discusses Where ESG Performance Matters Most for Company Valuation

Reynolds Holding

The January 2023 report ESG Performance and Enterprise Value: Do Firms with Stronger ESG Performance Have Higher Valuation Ratios? investigated the relationship between the ISS ESG Performance Score (a normalized version of the ISS ESG Corporate Rating ) and two valuation ratios from the ISS Economic Value Added (EVA) framework. This report was followed by a supplementary study in May 2023, “ ESG Performance and Enterprise Value: In Which Sectors Does ESG Performance Matter the Most for Company

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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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Comment on Appraisal Bias Mantra is Largely False Reporting by Rick Daniel

Appraisers Blog

Just How Commonplace Is Appraisal Bias? It's been proven that most of the allegations are mostly a dump truck load of bovine substance.

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How to Find the Right Buyer for Your Business

Hallmark Brokers

Selling your business is a significant decision, and finding the right buyer is crucial to ensure a smooth and successful transaction. At Hallmark Business Brokers in Venice, Florida, we understand the importance of connecting business owners with qualified buyers who share your vision and values. In this blog, we’ll share some insights and tips on.

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Comment on Seller Filed a Racial Bias Complaint Against Me by Garth

Appraisers Blog

In reply to Garth. EDIT last line of previous post: Meant: many “BUYERS” won’t be able to BUY. ** 1.8 Billion and NAR lost to fight another day. Sure-to-know Other suits will follow. Whatever the outcome, it will drastically change the NEW home buyer’s ability to afford a home. Given the Big Time Investors chomping up homes, examples Invitation Homes & Blackstone, etc., affordability and the once Great Appraiser Career is a thing of the past.

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What is PCI Compliance? 12 Requirements and Steps

Audit Board

If your company accepts credit cards or debit cards as payment for goods or services, you need to be compliant with Payment Card Industry Data Security Standards (PCI DSS). Founded to secure credit card payments and customer data by the five leading card brands, PCI DSS requirements mandate that organizations holding or processing payment card data establish and maintain information security measures to protect their cardholder data environment (CDE).

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Benchmark International Opens Newest Location In Los Angeles

Benchmark Report

Benchmark International is thrilled to announce the launch of its first office in Los Angeles (USA) dedicated to servicing all of California.

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DraftKings discussed bid for William Hill owner 888

Financial Times M&A

Boston-based betting group held early stage talks with top 888 shareholders last summer

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Earnouts: Negotiating Buyer’s Post-Closing Obligations

John Jenkins

Earnouts are particularly popular as a tool for bridging valuation gaps in life sciences deals. This Hogan Lovells memo provides an overview of some of the key considerations for buyers in those deals when negotiating their obligations under an earnout provision.

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Fresenius sells fertility business to KKR and GED Capital

Financial Times M&A

Sale of Eugin Group marks latest bid by private equity to capitalise on demand for fertility services

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How to Value a Glass and Glazing Company

Equilest

For further insights into valuing a Glass and Glazing Company and making informed business decisions, dive deeper into our comprehensive guide Introduction In the ever-evolving world of business, understanding the true value of a company is crucial. This holds especially true for those considering investing in or selling a business. In this article, we will delve into the intricacies of valuing a Glass and Glazing Company.

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Nexperia sells Newport Wafer Fab to US chip company for $177mn

Financial Times M&A

Deal draws line under years of uncertainty surrounding fate of UK’s biggest chipmaker

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Revolution Medicines and EQRx Stockholders Approve EQRx Acquisition

Benzinga

REDWOOD CITY, Calif. and CAMBRIDGE, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (NASDAQ: RVMD ), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, and EQRx, Inc. (NASDAQ: EQRX ), announced that earlier today, at their respective special meetings, Revolution Medicines and EQRx stockholders voted to approve Revolution Medicines' proposed acquisition of EQRx.

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EQRx Investor Sues In Del. For Docs On Battered SPAC Deal

Law 360 M&A

An investor who bought into a special-purpose acquisition company that engineered a take-public deal with drug developer EQRx sued in Delaware's Court of Chancery Tuesday for records on the transaction, just ahead of a vote on a second merger at a fraction of the company's early value.

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Precision Drilling Completes Acquisition of CWC Energy Services Corp.

Benzinga

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release.

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Simpson Thacher Leads MidCap-Apollo $3.4B Fund Merger

Law 360 M&A

New York-based MidCap Financial Investment Corp. has struck agreements to absorb Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. to form a combined company with about $3.4 billion of total investments and $1.4 billion of net assets.

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Altus Group to Acquire APAC-Focused Valuation Software Provider Forbury

Benzinga

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus" or "the Company") (TSX: AIF ), a leading provider of asset and fund intelligence for commercial real estate ("CRE"), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited ("Forbury"), a CRE valuation software provider in the Asia Pacific ("APAC") region.

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Debevoise, Sidley Lead $277M James River Reinsurance Sale

Law 360 M&A

James River Group Holdings Ltd., advised by Debevoise & Plimpton LLP, has entered into a definitive agreement to sell its third-party casualty reinsurance business to Sidley Austin-guided Fleming Intermediate Holdings in a transaction valued at $277 million, according to a Wednesday announcement.

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Overtaking Mutual Funds: The Hidden Rise and Risk of Collective Investment Trusts

Reynolds Holding

The retirement security of millions of American workers is increasingly tied to an investment vehicle that most have never heard of, and whose dramatic growth over the last 40 years has received almost no regulatory or academic scrutiny. With nearly $7 trillion dollars in assets, “collective investment trusts” (CITs) are replacing mutual funds on the investment menus of employer-sponsored retirement plans. [1] CITs now hold nearly 30 percent of all assets in defined contribution plans, up from j

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World's Top Foil Balloon Maker Hits Ch. 11 With Sale Plan

Law 360 M&A

Anagram, the world's leader in the manufacture of foil balloons and a subsidiary of recently bankrupt retailer Party City, floated into Chapter 11 Wednesday with approximately $210 million in debt and a plan to sell its assets to a group of lenders.

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Blue Apron Investor Sues In Del. For Wonder Group Deal Info

Law 360 M&A

A stockholder of Blue Apron Holdings Inc. sued the company in Delaware Chancery Court Wednesday, seeking access to the company's books and records to investigate an alleged "conflicted process" leading up to its proposed $103 million merger with Fenwick & West LLP-led food delivery company Wonder Group Inc.

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