Mon.Mar 06, 2023

article thumbnail

Poke-and-Sniff: How U.S. Regulators Became Disease Vectors

Appraisers Blog

Poke-and-Sniff… Once federal bureaucrats embrace a destructive practice, it can take a lifetime to correct it. When government tries to Cobra Effect.” Occupational licensees and those in heavily regulated industries will recognize the pattern immediately. American high schools routinely teach Upton Sinclair’s novel “The Jungle.” Its publication more than a century ago led to the quintessential success story for federal regulation.

article thumbnail

Musings and Questions about the Universal Proxy Card

Harvard Corporate Governance

Posted by Arthur B. Crozier, and Gabrielle E. Wolf, Innisfree M&A Inc., on Monday, March 6, 2023 Editor's Note: Arthur B. Crozier is Chairman and Gabrielle E. Wolf is a Director at Innisfree M&A Incorporated. This post is based on their Innisfree memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence and Policy (discussed on the For

247
247
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

What is design thinking?

Mckinsey and Company

Design thinking is a systemic, intuitive, customer-focused problem-solving approach that organizations can use to respond to rapidly changing environments and to create maximum impact.

130
130
article thumbnail

About 1,500 Empirical Studies Apply the BCF Entrenchment Index

Harvard Corporate Governance

Posted by Leeor Ofer (Harvard Law School), on Monday, March 6, 2023 Editor's Note: This post relates to a Program on Corporate Governance study published by Lucian Bebchuk, Alma Cohen and Allen Ferrell, What Matters in Corporate Governance , available here and discussed on the Forum here. Lucian Bebchuk is James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance, Harvard Law School.

Finance 231
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

Stepping up: Becoming a high-potential CEO candidate

Mckinsey and Company

The road to becoming CEO is a difficult ascent for even the most seasoned leaders. Here are four keys to making the journey a success.

article thumbnail

Digital Wave Technology Acquires AI-Solution Software Company, GoalProfit

Business Wire M&A

PONTE VEDRA, Fla.--(BUSINESS WIRE)--Digital Wave Technology, Inc., the leader in AI-Powered Omni-Experiences for retailers and brands, announced that it has acquired GoalProfit, Inc., an Al & Optimization Solutions company based in Austin, TX, and Helsinki, Finland.

More Trending

article thumbnail

Procurement 2023: Ten CPO actions to defy the toughest challenges

Mckinsey and Company

Supply chains face another year of volatility and inflationary pressure. Chief procurement officers (CPOs) can deploy ten resilience actions to craft a winning enterprise-wide response.

95
article thumbnail

Core & Main Completes Acquisition of Landscape & Construction Supplies LLC

Business Wire M&A

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, has closed its previously announced acquisition of substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.

75
article thumbnail

How oil and gas companies can secure supply-chain resilience

Mckinsey and Company

Operators can implement controls and shift their mindsets to shield against inflationary pressures and uncertainties around labor and material supply.

93
article thumbnail

NI Acquires SET GmbH to Accelerate Power Semiconductor and Aerospace/Defense Test System Development

Business Wire M&A

AUSTIN, Texas--(BUSINESS WIRE)--NI (NASDAQ: NATI) today announced the acquisition of SET GmbH (“SET”), long-standing experts in aerospace and defense test system development and recent innovators in power semiconductor reliability test. Together, the companies will reduce time to market for critical, highly differentiated solutions and accelerate semiconductor-to-transportation supply-chain convergence with power electronic materials such as silicon carbide (SiC) and gallium nitrite (GaN).

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

Growth rules: Which matter most?

Mckinsey and Company

Ten rules should guide how companies select pathways to profitable growth, but each rule’s impact on performance varies considerably.

article thumbnail

Altria To Pay Up To $3.25 Billion For E-Cig Maker NJOY

Law 360 M&A

Altria Group Inc. confirmed Monday it plans to buy NJOY Holdings Inc., announcing a definitive agreement to pay approximately $2.75 billion in cash for the e-cigarette maker plus a potential $500 million for certain NJOY products.

75
article thumbnail

The circular cement value chain: Sustainable and profitable

Mckinsey and Company

Concrete and cement circularity could allow industry to rein in costs and reduce emissions, adding untapped value to the built environment.

92
article thumbnail

Catching Up With Delaware's Chancery Court

Law 360 M&A

Shareholders of AMC Entertainment, Rocket Mortgage and UpHealth saw their cases move forward in Delaware's Court of Chancery last week; shareholders of Meta Platforms and McDonald's had their suits tossed; and shareholders of MultiPlan Corp., Viacom Inc. and Charter Communications Inc., struck three separate deals to end their suits in settlements worth more than $243 million.

75
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

Miami Beef Announces Two Add-On Acquisitions

Business Wire M&A

MIAMI--(BUSINESS WIRE)--Miami Beef Company Inc. (“Miami Beef” or the “Company”), a portfolio company of Trivest Partners, LP (“Trivest”), announces the acquisition of Brooklyn Burger and Devault Foods. Brooklyn Burger is a frozen burger brand primarily serving grocery and retail customers across the United States. Brooklyn Burger’s products include Original Steakhouse Burgers, Wagyu Beef Burgers, Premium Blend Burgers and All Natural Angus Steakhouse Burgers.

75
article thumbnail

JetBlue Touts Merger Despite Possible DOJ Suit

Law 360 M&A

Amid reports that the U.S. Department of Justice is expected to try and block JetBlue's $3.8 billion Spirit Airlines buy, JetBlue on Monday issued a statement that purports to demonstrate the deal's positive, pro-competitive effects.

75
article thumbnail

DXC Technology Statement

Business Wire M&A

ASHBURN, Va.--(BUSINESS WIRE)--In response to market rumors and speculation, on Oct 4th, 2022, DXC Technology (NYSE: DXC) announced that it was approached by a financial sponsor regarding a potential acquisition of the company. Consistent with its fiduciary responsibility to maximize shareholder value, the company engaged in preliminary discussions and shared information with a financial sponsor.

article thumbnail

Justices Leave Questions Open On Dual-Purpose Atty Advice

Law 360 M&A

The U.S. Supreme Court's recent dismissal of In re: Grand Jury on grounds that certiorari was improvidently granted leaves unresolved a circuit split over the proper test for deciding when attorney-client privilege protects a lawyer's advice that has multiple purposes, say Susan Combs and Richard Kiely at Holland & Hart.

75
article thumbnail

JetBlue Expects U.S. Move to Block Merger With Spirit

NYT M&A

JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.

article thumbnail

Meta Wants 'Competitor' NYT's Docs In FTC Monopoly Case

Law 360 M&A

Meta asked a District of Columbia federal judge to force The New York Times to hand over material the social media giant says is "critical" to showing that instead of monopolizing personal social networking as the Federal Trade Commission alleges, it faces an array of competition.

74
article thumbnail

Silver Lake and Canadian pension fund bid $12bn for Qualtrics

Financial Times M&A

Deal for survey software group would be one of largest this year

96
article thumbnail

Capturing growth in the evolving UK savings and retirement market

Mckinsey and Company

Companies in the UK savings and retirement market can consider targeting four high-growth segments to create a competitive advantage and to boost their resilience in challenging times.

article thumbnail

Telecom Italia: shareholders deserve a competitive auction

Financial Times M&A

State-owned lender’s bid is similar to KKR’s, but it attributes less value to FiberCop

75
article thumbnail

‘Let’s not just rely on data’: Holt Renfrew’s Anne Pitcher on the future of retail

Mckinsey and Company

Retailers must become more consumer-centric, experiential, sustainable, and diverse than they’ve ever been, says the department store veteran and former managing director of Selfridges.

59
article thumbnail

Private credit edges out banks to offer Carlyle largest direct loan

Financial Times M&A

Apollo and Blackstone among those poised to provide $5.

Banking 93
article thumbnail

Company KPIs: Creating Business KPIs That Drive Success in 2023

Rhythm Systems

The body has four main vital signs that doctors use all around the world to determine the condition of a patient. The four vital signs are body temperature, pulse rate, respiration (breathing) rate and blood pressure. These are measurements of the basic functions that keep you alive. They need to be functioning properly in order for anything else to work, including your brain!

52
article thumbnail

AuditBoard Surpasses $150 Million in ARR Following Record-Breaking Year of Bookings

Audit Board

Company continues rapid ARR growth of 60%+ while generating positive cash flow and gaining strong momentum with IT Risk and Compliance leaders. LOS ANGELES, CA - 7 March, 2023 – AuditBoard , the leading cloud-based platform transforming how businesses manage risk, today announced the company has surpassed $150 million in annual recurring revenue (ARR) as accelerating demand for its award-winning solutions continues to drive explosive growth.

article thumbnail

John Wood Rebuffs PE Firm Apollo's Latest £1.6B Offer

Law 360 M&A

John Wood Group said on Tuesday that it plans to reject the latest £1.64 billion ($1.97 billion) offer from U.S. private equity firm Apollo Global because it puts too low a value on the engineering business.

article thumbnail

6 deals in 6 days!

Benchmark Report

Benchmark International’s record-setting pace set in 2022 has only continued to drive into 2023. In just six business days, each of Benchmark’s offices in the U.S. has seen at least one successful transaction, proving that M&A activity continues to thrive across multiple industries and all regions. Not to mention that, globally, Benchmark has 128 transactions currently under exclusivity with hand-selected buyers in the legal stage of completion; each expected to close in the coming months.

52
article thumbnail

Banks Seek Special Buyback Tax Rules For Preferred Stock

Law 360 M&A

The new tax on corporate stock repurchases should allow a one-year carryforward and carryback period for preferred stocks to account for the timing differences in issuing and redeeming the securities, a major U.S. banking lobby said in comments to the Internal Revenue Service released Monday.

Banking 52
article thumbnail

Digital Media Solutions Stock Slides As Prism Withdraws Takeover Offer; Knocks Off 14% Workforce

Benzinga

Digital Media Solutions, Inc's (NYSE: DMS ) Board completed its review to evaluate potential strategic alternatives to maximize shareholder value. The Board has unanimously determined to continue executing the company's strategic plan as an independent, public company. On Mar. 3, 2023, Prism Data, LLC notified the company that it withdrew the Sept. 8 proposal to snap the company at.

52
article thumbnail

Inflation Reduction Act Sparks Linklaters Energy Hiring Blitz

Law 360 M&A

Already well positioned in the energy transition and renewables space, Linklaters announced Monday it is bulking up its U.S.-based energy and infrastructure group in preparation for what it expects will be years of growth and innovation in the renewable energy market, catalyzed by the Inflation Reduction Act.

article thumbnail

Valuation Multiples for Footwear Wholesale

Peak Business Valuation

Two major players, Nike and Adidas, dominate the footwear wholesale industry. However, there are still opportunities for small footwear wholesalers to make a mark. Athletic and sporting goods stores and discount stores are the main drivers of demand for footwear wholesalers. Therefore it is vital that footwear wholesalers establish solid relationships with manufacturers and retailers.

EBITDA 52
article thumbnail

Altria Scoops e-Cigarette Maker NJOY Holdings For $2.75B Cash

Benzinga

Altria Group Inc (NYSE: MO ) entered into a definitive agreement to acquire NJOY Holdings Inc for $2.75 billion in cash payable at closing. The transaction terms include additional $500 million in cash payments that are contingent upon regulatory outcomes with respect to certain NJOY products. Last week, there were reports that Altria is reportedly in talks to buy the.

52