Harvard Corporate Governance

JANUARY 6, 2023

Posted by Pamela Marcogliese, Freshfields Bruckhaus Deringer LLP, on Friday, January 6, 2023 Editor's Note: Pamela Marcogliese is a Partner at Freshfields Bruckhaus Deringer LLP. This post is based on her Freshfields piece. Introduction. Against a backdrop of challenging macroeconomic forces, our 2023 annual letter to boards is one that emphasizes understanding and preparing for the additional hurdles that will compound and be compounded by these macroeconomic forces.

Banking 255

Banking Marketability 255

Mckinsey and Company

JANUARY 6, 2023

Results from the 2022 McKinsey Global Industrial Robotics Survey reveal that industrial companies are set to spend heavily on robotics and automation. However, many will need help to complete the journey.

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Law 360 M&A

JANUARY 6, 2023

Connecticut-based investment firm Gridiron Capital LLC announced Thursday that it has completed its investment in Atlanta-based Esquire Deposition Solutions, which provides reporting, video and interpreting services for law firms and corporations.

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Appraisers Blog

JANUARY 6, 2023

The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. Then in 2008 again: stated income, 40 year loans, predatory lending (REFINANCING), NO money down (no skin in the game); people used their homes as a slot machine t

Appraisal 95

Appraisal Banking Marketability 95

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.

Marketability

Benzinga

JANUARY 6, 2023

NetEase, Inc (NASDAQ: NTES ) scooped Canadian gaming studio SkyBox Labs , which co-developed significant games, including Halo Infinite. The financial terms of the transaction remained undisclosed. SkyBox labs will operate independently under NetEase, China's second-biggest gaming company, CNBC reports. Also Read: Activision Explored Offering World of Warcraft in China After Recently Dumping NetEase Partnership.

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Mckinsey and Company

JANUARY 6, 2023

Underwriters can use granular trend-impact diagnostics on portfolios, recalibrated risk selection, and greater underwriting agility to adapt to the evolving and uncertain insurance market.

Marketability 98

Marketability 98

Mckinsey and Company

JANUARY 6, 2023

By 2035, autonomous driving could create $300 billion to $400 billion in revenue. New research reveals what’s needed to win in the fast-changing passenger car market.

Marketability 88

Marketability 88

Law 360 M&A

JANUARY 6, 2023

Microsoft Corp. and Activision Blizzard have both tweaked their responses to the Federal Trade Commission's in-house challenge of their proposed $68.7 billion merger, removing language that had assailed the commission itself as unconstitutional.

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Financial Times M&A

JANUARY 6, 2023

The lender should be attractive to other Gulf bidders but diplomacy will be needed

Banking 97

Banking 97

Mckinsey and Company

JANUARY 6, 2023

McKinsey Technology leaders offer their insights on how business leaders can make the most of tech this year.

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Technology 89

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

Corporate Finance

Rhythm Systems

JANUARY 6, 2023

CEOs and business leaders spend a lot of time and energy working to hunt down important data and make the right decisions to grow the business based on what they find. The hunt requires time, skill, effort, and consistency. Often teams of people are involved whose whole job responsibility is to collect data and present it in a way that can be understood and acted on.

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Peak Business Valuation

JANUARY 6, 2023

Are you thinking about buying a business? Maybe, you have already found a business to buy or maybe you are just starting to think about jumping into the path of entrepreneurship or small business ownership. In either case, buying a business with an SBA loan is one of the easiest and smartest options out there. Buying a business gives you traction and a business model to run with and can often be easier than starting a business from scratch.

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Business Valuation Finance Appraisal 52

Benzinga

JANUARY 6, 2023

DALLAS, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Big Sky Medical announces the closing of Valley Orthopaedics; the acquisition marks the firms first investment in the far-west United States. The property is located in Modesto, California, roughly 90 Miles East of San Francisco. The addition of the 20,695 square foot asset signifies Big Sky's commitment to expanding their geographic footprint.

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Law 360 M&A

JANUARY 6, 2023

Eversheds Sutherland has added an experienced antitrust attorney in its Washington, D.C., office to help guide clients through the regulatory review of mergers and acquisitions, the firm said Thursday.

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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.

Marketability

Benchmark Report

JANUARY 6, 2023

Benchmark International has successfully facilitated a transaction between New York City-based Cookie DO, Inc. and NeilEats.com, also based in New York City. Cookie DO is an innovator in the confectionery industry with a variety of unique, handmade flavors of edible and ready-to-bake cookie doughs. The company features an ever-growing product selection that includes its famous edible cookie dough, baked goods, baking classes, a proprietary cookbook, merchandise, cookie cakes, and baking mixes an

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Auto Dealer Valuation Insights

JANUARY 6, 2023

The December SAAR was 13.3 million units, down 5.3% from last month but up 4.7% from this time last year. This month’s SAAR data is a bit concerning for the auto industry, as supply chain improvements do not seem to be translating to improvements in vehicle sales pace as quickly as the last couple months have indicated. Over the past month, it has seemed more and more likely that plummeting trade.

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Benzinga

JANUARY 6, 2023

VANCOUVER, British Columbia, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Stallion Gold Corp. (the "Company" or "Stallion" ) (TSXV: STUD , OTCQB: SLLGF ) is pleased to announce it has signed a share purchase agreement dated January 5, 2022 (the "Definitive Agreement" ) among the Company, U92 Exploration Limited. ( "U92" ) and the shareholders of U92 to acquire all of the issued and outstanding securities of U92 (the "Transaction" ).

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Law 360 M&A

JANUARY 6, 2023

A company which buys and manages insurance portfolios cast aside by other insurers said on Friday that it has acquired the balance sheet liabilities of a safety equipment manufacturer, in a deal valued at $341 million.

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Benzinga

JANUARY 6, 2023

Pfizer Inc (NYSE: PFE ) is reportedly exploring options for some early-stage candidates for rare diseases, including developing new viral-based gene therapies. Financial newspaper Barron's first reported on Thursday. The U.S. pharma giant said these options included collaborations with other drug developers for these medicines or establishing a new company, with an aim to focus on "high-impact" medicines and vaccines.

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Auto Dealer Valuation Insights

JANUARY 6, 2023

The RIA industry saw a strong fourth-quarter rally, driving most categories of publicly traded investment managers to outperform the S&P in the last quarter of the year. Alternative asset managers, however, declined from their early-November peak to perform in line with the S&P during this period. Performance by Sector The uptick in the broader market during Q4 translated to an improved.

Marketability 52

Marketability 52

Benzinga

JANUARY 6, 2023

Trinity Industries Inc (NYSE: TRN ) has acquired Holden America , a manufacturer of multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail in North America. The initial purchase price totals $70 million, with an additional minimum of $5 million per. Full story available on Benzinga.com.

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Auto Dealer Valuation Insights

JANUARY 6, 2023

Three years ago, I wrote an article about the state of valuations for Appalachian gas companies. I used imagery from Sergio Leone’s classic: The Good, The Bad, and The Ugly as a theme. At the time, bad and ugly dominated over the good. Henry Hub prices were hovering around $2 per mcf. Valuations were depressed, and Appalachian gas producers were struggling.

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Benzinga

JANUARY 6, 2023

Cryptocurrency wallet provider MetaMask will no longer support payments platform Wyre as the latter is reportedly closing down. In a tweet on Jan. 5, MetaMask stated that it had removed Wyre from its mobile aggregator, which allows users to buy cryptocurrency directly through the digital wallet. The wallet provider added that it is working on the removal of the extension and asked users to stop using Wyre on the mobile aggregator.

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Marketability 52

Financial Times M&A

JANUARY 6, 2023

First Abu Dhabi Bank ends interest in UK-based lender that is one of Europe’s most undervalued banks

Banking 75

Banking 75

Benzinga

JANUARY 6, 2023

Environmental services company Montrose Environmental Group Inc (NYSE: MEG ) has acquired Frontier Analytical Laboratories for undisclosed financial terms. Frontier is an environmental laboratory specializing in high-resolution gas chromatography mass spectrometry analysis of Dioxins/Furans, Polychlorinated Biphenyls (PCBs), and other. Full story available on Benzinga.com.

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John Jenkins

JANUARY 6, 2023

One of the questions raised by the 1% excise tax on stock repurchases by the Inflation Reduction Act was how it would apply to SPAC redemptions.

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Benzinga

JANUARY 6, 2023

BOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT ) ("Newtek") announced that on January 6, 2023, it completed its acquisition of the National Bank of New York City ("NBNYC"), a 59-year-old national bank regulated and supervised by the Office of the Comptroller of the Currency, and converted to a financial holding company.

Banking 45

Banking 45

Midstreet Blog

JANUARY 6, 2023

If you’re the owner of a property management company, you may have thought about planning your exit.

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Law 360 M&A

JANUARY 6, 2023

A New York state judge on Friday refused to dispose of consolidated shareholder derivative litigation brought by Xerox investors targeting activist investor Carl Icahn for allegedly trading on nonpublic information regarding a potential merger between Xerox and HP Inc., citing disputed facts about an internal investigation into the matter.

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Benzinga

JANUARY 6, 2023

Richmond, VA, Jan. 06, 2023 (GLOBE NEWSWIRE) -- INDEVCO North America , member of the multinational INDEVCO Group , is pleased to announce the acquisition of Perma R Products, Inc. The building envelope materials manufacturer, with plants in Mississippi, Georgia, and Tennessee, will be integrated into INDEVCO Building Products. With over 40 years in business, Perma R Products produces EPS and GPS non-structural rigid foam insulation for interior, exterior, and subterranean applications, as well

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Law 360 M&A

JANUARY 6, 2023

iCoreConnect, a cloud-based software company looking to bring workflow efficiencies to the medical and dental fields, announced on Friday that it will combine with blank check company FG Merger Corp. in a deal helmed by two firms that would take the software company public at a $98 million value.

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Benzinga

JANUARY 6, 2023

Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen first nations), Jan. 06, 2023 (GLOBE NEWSWIRE) -- Westland Insurance today announced that it acquired Assurances R. Legault on January 1. The addition of this brokerage to the Westland family furthers its expansion across Canada and increases its growing footprint in Quebec. .

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Law 360 M&A

JANUARY 6, 2023

Phillips 66 will increase its stake in DCP Midstream to 86.8% with a $3.8 billion deal, guided by four law firms, that will see the mega energy company acquire the publicly held stock of the pipeline operator, according to a Friday announcement.

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Benzinga

JANUARY 6, 2023

DENVER, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Assure Holdings Corp. (the " Company " or " Assure ") (NASDAQ: IONM ), a provider of intraoperative neuromonitoring (" IONM ") and remote neurology services, is pleased to announce that on December 31, 2022, it completed the acquisition (the " Acquisition ") of substantially all of the assets of Neuroprotect Neuromonitoring, LLC, and certain of its affiliated entities (collectively, " NervePro "), a Colorado-based IONM service provider owned by J.

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