Thu.Oct 26, 2023

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Remarks by Chair Gensler Before the 2023 Securities Enforcement Forum

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, October 26, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent remarks. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Endeavor: investors should beware Silver Lake’s talented negotiators

Financial Times M&A

Shareholders should gird themselves for a fight with the sharp-elbowed private equity group and Ari Emanuel

Equity 94
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What Would Happen to ESG Proposals If Vanguard, BlackRock and State Street Didn’t Vote?

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc, on Thursday, October 26, 2023 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian Bebchuk, Alma Cohen, and Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence, and Polic

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Business Automobiles: How the Tax Depreciation Rules Work

Machen McChesney

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle.

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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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Hipgnosis Made Mega Deals for Song Catalogs. Its Future Is Unclear.

NYT M&A

The company’s shareholders on Thursday rejected a $440 million divestment plan and voted against maintaining its current structure.

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How to Value an Event Planning Business

Peak Business Valuation

Event planning businesses primarily organize weddings, dinners, parties, and other events for various entities. The event planning industry has struggled over the past few years. This is due to factors such as inflation, rising input costs, and declining marriage rates. Moving forward, we can expect a slight improvement. However, competition remains strong in the industry.

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Calhoun to Co-Present at AICPA & CIMA Forensic & Valuation Services Conference

Auto Dealer Valuation Insights

Karolina Calhoun, CPA/ABV/CFF is co-presenting with Jenny Allen, CPA, CFF, CFE, ABV at the 2023 AICPA & CIMA Forensic & Valuation Services Conference on November 6, 2023, in Las Vegas, Nevada. Their session is titled “Waste Not, Want Not?” and will cover quantifying and supporting marital waste. Karolina Calhoun has been involved with hundreds of valuation and litigation support engagements in a.

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Ketamine Company Acquisition Alert: Beckley Waves Adds Nue Life To Its Portfolio

Benzinga

Psychedelic venture studio Beckley Waves has acquired ketamine-assisted therapy provider Nue Life and will continue its work by offering safe and scalable access to treatment with an emphasis on underserved areas. Co-founded by Amanda Feilding and recently raising $3.3 million in a round led by respected family and VC mission-aligned offices , Beckley Waves funds, supports and mentors entrepreneurs toward building the operational infrastructure of a global psychedelic ecosystem serving a new men

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Unraveling the Risks of Cybersecurity Insurance Policies

Audit Board

In an era where cyber threats are omnipresent, businesses and individuals are investing heavily in cybersecurity insurance to safeguard against potential financial losses. However, cybersecurity insurance policies are not a foolproof method for transferring risk. Cyber threats change continuously, and cyber liability policies differ in coverage, leaving some organizations exposed to cybersecurity’s potential pitfalls and risks.

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How remote patient monitoring with AI just keeps getting better

Avanade

The use case for remote patient monitoring and AI ushers in a new era of healthcare that’s patient-centered, data-driven, and cost effective, fostering better health outcomes, convenience, and financial sustainability across the healthcare ecosystem.

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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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An AI-Powered Call to Action for Internal Audit

Audit Board

It’s been under a year since OpenAI launched ChatGPT in November 2022. In that brief time, the rapid adoption of generative artificial intelligence (AI) across industries, regions, and demographics has been remarkable. An April 2023 McKinsey Global Survey — only six months in — found 79% of respondents reporting exposure to generative AI, 22% regularly using it in their work, and 33% whose organizations were using it in at least one function.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

ASA recently held its 85 th annual International Conference on October 1-3, 2023, offering a hybrid format for all disciplines, both in New Orleans, LA at Sheraton New Orleans, and online. In keeping the tradition of providing the highest-level of education for appraisal experts, this year’s conference featured more than 75 sessions of the most comprehensive educational programming available taught by preeminent thought-leaders from all appraisal disciplines.

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FCF Valuation Monitor – Q3 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q3 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and. Read more The post FCF Valuation Monitor – Q3 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Chipmaker Western Digital walks away from Kioxia merger talks

Financial Times M&A

Opposition from rival SK Hynix puts brakes on Bain Capital’s ambitions to create US-Japan chip giant

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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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The risk to an organization of technology debt or deficit

Norman Marks

I was talking to an old[1] friend yesterday and he mentioned his concern, shared by board members (he talks to many), about the level of technical/technology debt or deficit owned by many organizations, large and small.

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PizzaExpress owner considers offer for UK rival TRG

Financial Times M&A

Private equity group Apollo agreed a deal to take the casual-dining operator private earlier this month

Equity 76
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How History Sheds Light on the Limits of Fraud Prevention

Reynolds Holding

The common law of fraudulent misrepresentation, whether in tort or contract, balances the alleged fraudster’s intentional deception against the victim’s unjustified reliance. The law does not reward the victim who should have known better than to trust the fraudster’s representations. But why perform this balancing? Why not just focus on the wrongdoer’s intent and ignore the gullibility or implicit complicity of the victim?

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Achieve Annual Planning Success with Proven Think Plan Do® Framework

Rhythm Systems

Our CEO, Patrick Thean, will be sharing the Think Plan Do® methodology to help set up your 2024 plan for success.

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SBF tries to talk his way out of trouble

Financial Times M&A

Plus, Morgan Stanley’s new boss and the power struggle unfolding at Mediobanca

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Deal Lawyers Download Podcast — 2023 Survey of Middle Market M&A

John Jenkins

Late last month, I blogged about Seyfarth Shaw’s recently published “Middle Market M&A SurveyBook,” now in its ninth edition.

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Beckley Waves Acquires Nue Life

Benzinga

Addition of Ketamine Assisted Therapy Provider to the Beckley Waves Portfolio Strengthens its Network of Psychedelic Care Infrastructure NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Beckley Waves , the first venture studio focused on building and investing companies in the thriving psychedelic ecosystem to advance mental health and well-being, announced today the strategic acquisition of Nue Life, a leading ketamine-assisted therapy provider.

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Heinz & Albert Attending the 2023 Southern Federal Tax Institute

Auto Dealer Valuation Insights

Nicholas J. Heinz, ASA and Samantha L. Albert, ASA, ABV are attending the 2023 Southern Federal Tax Institute in Atlanta, Georgia, held on October 30, 2023 – November 3, 2023. The Southern Federal Tax Institute, Inc. is a non-profit corporation organized for the exclusive purpose of developing and presenting a professional annual Institute covering current federal tax problems and issues for the.

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APPlife Digital Solutions, Inc. Signs Asset Purchase Agreement

Benzinga

SAN FRANCISCO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- APPlife Digital Solutions, Inc. (ALDS) is proud to announce that they have signed an Asset Purchase Agreement (APA) to acquire LeSalon. This agreement marks a defining moment in ALDS's history as they welcome LeSalon to the ALDS family. LeSalon is a revolutionary concept that uniquely fits into ALDS, allowing them to expand and grow the LeSalon model globally, into the US markets and beyond.

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FTC Again Seeks Halt On IQVIA-Propel Merger Deal

Law 360 M&A

The Federal Trade Commission on Thursday asked a New York federal judge to pause a proposed merger between IQVIA, the world's largest health care data provider, and Propel Media before an upcoming trial on the deal.

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SP Plus Corporation to Release Third Quarter 2023 Results on November 1, 2023

Benzinga

CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP ) today announced that it expects to release third quarter 2023 earnings on Wednesday, November 1, 2023, after the close of market. On October 5, 2023, SP announced the acquisition of SP. Full story available on Benzinga.

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Startup Founder Wants JPMorgan Forced To Pay Legal Fees

Law 360 M&A

Charlie Javice, founder of shuttered student loan venture Frank, has sought an order from Delaware's chancellor compelling JPMorgan Chase Bank NA to hand over more than $835,000 in disputed legal fee advancements for her defense in litigation accusing her of swindling the bank and misrepresenting her failed business.

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Old National to Partner with Nashville-based CapStar

Benzinga

EVANSVILLE, Ind. and NASHVILLE, Tenn., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB ) ("Old National") and CapStar Financial Holdings, Inc. (NASDAQ: CSTR ) ("CapStar") jointly announced today that they have entered into a definitive merger agreement for Old National to acquire CapStar in an all-stock transaction. Combining the two organizations will strengthen Old National's recently formed Nashville presence and add several new high-growth markets.

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Cleary Gottlieb Discusses How U.S. Securities Laws Apply to a Bail-In of UK or European Bank

Reynolds Holding

On October 10, 2023, the Financial Stability Board (the “FSB”) published a report (the “FSB Report”) [1] that examined the international resolution framework as applicable to global systemically important banks (“G-SIBs”). In its examination, the FSB Report stated that the staff of the U.S. Securities and Exchange Commission (the “SEC”) had highlighted certain legal challenges in executing a bail-in under the U.S. securities laws.

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Skadden Steers Air France-KLM's €1.5B Apollo Financing

Law 360 M&A

Air France-KLM SA has said it has secured up to €1.5 billion ($1.6 billion) in financing from U.S. private equity giant Apollo Global Management for a new subsidiary to control the Franco-Dutch airline's customer loyalty program.

Finance 40
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Address Culture Conflict Before a Sale

Exit Strategy

As an owner, one way to maximize value in your business is to demonstrate that you’re not the smartest person in the room. In an ideal state, you work yourself out of a job, moving on to an advisory role while your management team runs day-to-day operations. With that said, it’s equally important that your […] The post Address Culture Conflict Before a Sale appeared first on Exit Strategies Group, Inc.

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Does Market Value Equal Your Ultimate Sale Price?

Equilest

Ready to delve deeper into the world of business valuation? Read more to uncover the intricacies that impact how businesses are valued and gain insights into navigating the ever-evolving landscape of corporate worth Table of Contents Introduction Understanding Business Valuation Key Factors Influencing Business Valuation Financial Health Market Trends Intellectual Property Determining the True Business Value Setting the Right Price The Role of Expert Valuators The Significance of Appraisals Ef

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6th Circ. Probes SEC On Proxy Proposal Comment Period

Law 360 M&A

The Sixth Circuit on Thursday questioned the U.S. Securities and Exchange Commission's short public comment period on plans to reverse Trump-era rules governing proxy advisory firms, with one judge speculating whether it was a tactic from the agency to moot separate litigation involving the rule.

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