Fri.Mar 03, 2023

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Exactly How Are Property Data Collectors Professionally Trained?

Appraisers Blog

Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for real property valuations. This is in their latest Selling Guide Announcement SEL-2023-02 to the Fannie Mae Selling Guide: Value acceptance + property data is a new option that utilizes property data collection by a third party who conducts interior and exterior data collection on the subject prop

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The 2023 Reporting Season: Recent SEC Guidance

Harvard Corporate Governance

Posted by Brian Breheny, Raquel Fox and Joseph Yaffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Friday, March 3, 2023 Editor's Note: Brian Breheny , Raquel Fox and Joseph Yaffe are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Assess the Impact of SEC Staff Comments The staff of the Disclosure Review Program (DRP) in the SEC’s Division of Corporation Finance has remained quite active.

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Sony Wanted To Block Activision Microsoft Merger, But May Be Giving Ammo To Antitrust Fight

Benzinga

PlayStation owner Sony Group Corp (NYSE: SONY ) has been vocal in its attempt to block rival Microsoft Corporation (NASDAQ: MSFT ), manufacturer of the Xbox, from buying video game publisher Activision Blizzard (NASDAQ: ATVI ) for roughly $69 billion. And while it would appear that Sony would get its way — with the Federal Trade Commission (FTC) suing Microsoft over the deal , citing antitrust issues — the company may soon find itself under regulatory scrutiny as well.

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Weekly Roundup: February 24 – March 2, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, March 3, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of February 24 – March 2, 2023. The 2023 board agenda Posted by Carey Oven, Caroline Schoenecker and Bob Lamm, Deloitte & Touche LLP, on Friday, February 24, 2023 Tags: Board composition , Board of Directors , Climate change , climate disclosures , Cyber-risk , Stakeholders How To Fix The C-suite D

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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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Lomiko Announces Definitive Agreement for Acquisition of the Carmin Natural Flake Graphite Property in Southern Quebec

Business Wire M&A

MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it has entered into an agreement (the “Acquisition Agreement”) with SOQUEM and a private owner to acquire 100% of 17 mineral claims forming the Carmin project (the “Property”), subject to customary closing conditions expected to be completed within the next 3 to 4 weeks (the “Closing Date”).

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Chamath Palihapitiya Says SPACs Were 'Fueled By A Moment In Time Of Just Enormous Liquidity': What's Next For Private Companies?

Benzinga

Venture capitalist Chamath Palihapitiya was one of the most followed people in the financial world from 2019 to 2022 thanks to his role in the growth of SPACs as investment vehicles to take companies public. Palihapitiya recently reflected on SPACs, the valuation of private companies and other topics during an investor event. Chamath on SPACs: When SPACs were one of the most talked about financial vehicles, Palihapitiya was a de facto leader of the movement, even earning the nickname “SPAC

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Coinbase Snaps Institutional Digital Asset Manager One River For Undisclosed Terms

Benzinga

Coinbase Global, Inc (NASDAQ: COIN ) acquired One River Digital Asset Management (ORDAM), a premier institutional digital asset manager and SEC-registered investment adviser. The financial terms of the transaction remained undisclosed. "This is about wanting to bring more institutional capital into the world of crypto," Greg Tusar, Coinbase's head of institutional product, Bloomberg reports citing an interview.

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Reimagining people development to overcome talent challenges

Mckinsey and Company

Organizations face a critical shortage of talent and skills. Investing in people can create a virtuous cycle that improves the ability to attract, advance, and retain talent.

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$87.5M Deal Struck In $55B Time Warner-Charter Deal Suit

Law 360 M&A

An $87.5 million deal has been struck to bring an end to a nearly 8-year-old stockholder derivative challenge to the $55 billion Charter Communications-Time Warner Cable merger in 2015, according to documents filed Friday in Delaware Chancery Court.

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Managing a cyber risk event: ‘Be a student of a crisis’

Mckinsey and Company

Julia Houston, chief strategy and marketing officer at Equifax Inc., explains how the credit bureau managed one of the biggest data breaches in history, her learnings, and how cybersecurity is rapidly changing.

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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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VillageMD Acquires Starling Physicians and Broadens its Footprint in the Northeast

Business Wire M&A

CHICAGO & ROCKY HILL, Conn.--(BUSINESS WIRE)--VillageMD announced today it has acquired Starling Physicians, a leading primary care and multi-specialty group in Connecticut. “Starling shares our vision of being a physician-led model and they provide care in a compassionate and exceptional way to all the patients they serve. By integrating primary care with specialty care, we are able to optimize access to high-quality care for our patients,” said Tim Barry, CEO and chair of VillageMD.

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Government CHIPS on the table: How higher DOD microelectronics funding is here to stay

Mckinsey and Company

New US Department of Defense funding for microelectronics R&D gives semiconductor companies an opportunity—but manufacturers and designers must adapt to meet it.

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Lomiko annonce un accord définitif pour l'acquisition de la propriété de graphite en paillettes naturelles de Carmin dans le sud du Québec

Business Wire M&A

MONTRÉAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V : LMR) (« Lomiko Metals » ou la « Société ») a le plaisir d'annoncer qu'elle a conclu une entente (l' « Entente d'acquisition ») avec SOQUEM et un propriétaire privé pour acquérir 100 % de 17 claims miniers formant le projet Carmin (la « Propriété »), sous réserve des conditions de clôture habituelles qui devraient être remplies d'ici 3 à 4 semaines (la « Date de clôture »).

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Chancery Sets 3-Way Counsel Lead For AMC Stock Brawl

Law 360 M&A

Bernstein Litowitz Berger & Grossmann LLP, Fields Kupka & Shukurov LLP and Grant & Eisenhofer PA have gotten a Delaware Court of Chancery nod to lead a fast-moving, consolidated stockholder suit challenging AMC Entertainment's plan for a disputed share conversion and reverse stock split.

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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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Conversations in motion: Safe, autonomous driving for everyone

Mckinsey and Company

In an interview at the M30 Mobility Summit, Cepton’s Hull Xu shares his views on the latest developments in mobility.

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Standard General Files For 'Immediate' Review Of Tegna Order

Law 360 M&A

Hedge fund Standard General urged an in-house judge at the Federal Communications Commission late Friday to "immediately" let the full FCC vote on an agency order referring questions tied to its $8.6 billion merger deal with Tegna for an evidentiary hearing.

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Shearman & Sterling and Hogan Lovells abandon merger talks

Financial Times M&A

The two firms end discussions that would have created one of the world’s largest law powerhouses

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Microsoft Says Gamers Show No Harm From Activision Deal

Law 360 M&A

Microsoft Corp. told a California federal court that gamers looking to pause its planned purchase of Activision Blizzard while they challenge the merger failed to show the deal will hurt competition and said the facts demonstrate the move will make gaming more competitive.

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Another Post on Walking

Chris Mercer

On December 14, 2022, I wrote a post saying that I had been on my walking program, which started on December 15, 2019, for three years. My walking posts have been some of my most popular posts. They seem to resonate with many people, some my age, some older, and some younger. A number of readers here and on LinkedIn have said that they have been motivated to begin regular walking programs.

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Paramount Inks $122.5M Deal In Viacom-CBS Merger Suit

Law 360 M&A

Paramount Global has agreed to shell out $122.5 million to put to rest consolidated shareholder litigation challenging CBS' $30 billion merger with Viacom, which created the company, Paramount said in a filing with the U.S. Securities and Exchange Commission on Friday.

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2022 Auto Dealer Industry Metrics Review

Auto Dealer Valuation Insights

As we turn the calendar to March, 2022 is in the rearview mirror, and year-end statistics for the auto industry have been released. How did the industry perform, and what do the metrics tell us about the direction of the industry in 2023? In this post, we discuss the key metrics we track for the industry: new vehicle profitability, the supply of new vehicles, average trade-in equity values of used.

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Tech, Media-Focused SPAC Cancels $75M IPO Plans

Law 360 M&A

Special-purpose acquisition company Pomelo Acquisition, being advised by Ellenoff Grossman, announced Friday an end for its bid to raise $75 million, which it said would be used to target a company in sectors like telecommunications, media and technology, marking the latest SPAC to nix initial public offering plans in a challenging market.

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When a Buyer Offers You Stock

Auto Dealer Valuation Insights

Editor’s note: Stock consideration is rarely discussed in RIA transactions, but it is a common financing feature in other industries. We expect to see more stock-for-stock deals in RIAs for two reasons. As debt financing becomes more expensive (and scarce) and consolidators start to question how much leverage they want to maintain, buyers will be tempted to use equity consideration instead of cash.

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DOJ Antitrust Head Targets Exclusionary Tech Platforms

Law 360 M&A

The U.S. Department of Justice's top antitrust official warned that there's no "safe-harbor" for "exclusionary practices" by online platforms that seek to give their own offerings a leg up over the competition, regardless of their justifications or comparisons to brick-and-mortar retail.

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Binance CEO Changpeng Zhao Affirms Support For Voyager Deal Amid SEC Scrutiny

Benzinga

Binance CEO Changpeng Zhao has reiterated the company's support for the Voyager deal, despite objections raised by the U.S. Securities and Exchange Commission (SEC). The SEC opposed the acquisition of Voyager Digital by BinanceUS , which was entered into in December. However, US Bankruptcy Judge Michael Wiles on Thursday questioned the regulator's lack of explanation and action on the matter.

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FCPT Announces Acquisition of a NAPA Auto Parts Property for $935,000

Business Wire M&A

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a NAPA Auto Parts property for $935,000. The property is in a strong retail corridor in Indiana and is occupied under a net lease with approximately four years of term remaining.

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Themes from Q4 2022 Earnings Calls

Auto Dealer Valuation Insights

The common themes among E&P operators and mineral aggregators’ in the Q3 2022 upstream earning calls included expanding business segments internationally, long-term sustainable growth for OFS, and production growth plans. In our most recent blog post, Themes from Q4 2022 Earnings Calls, Part 1 Upstream, prevalent themes from E&P companies included dividend distribution, organic growth.

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Excalibur Investment Banking Advises Salas O’Brien on its Partnership with Plus Group

Business Wire M&A

WASHINGTON--(BUSINESS WIRE)--Excalibur Investment Banking is pleased to announce that Plus Group and Salas O’Brien have joined forces as engineering leaders in the manufacturing sector. Together, the firms will partner with clients to advance society and improve communities through expertise in manufacturing, industrial, chemicals, pharmaceutical, food & beverage, and agribusiness.

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Indivior Acquires Opiant Pharmaceuticals Strengthening Its Addiction Treatment And Science Portfolio

Benzinga

Indivior PLC (OTCPK:INVVY) (LSE:INDV) has completed the acquisition of Opiant Pharmaceuticals, Inc. (NASDAQ: OPNT ) The transaction strengthens Indivior's addiction treatment and science portfolio by adding Opiant's late-stage assets, notably OPNT003, an investigational opioid overdose treatment designed to offer an important treatment option to address the current wave of US opioid overdoses from powerful synthetic opioids, such as fentanyl.

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Phoenix-based Speedie and Associates acquired by Universal Engineering Sciences

IBG Business

Universal Engineering Sciences has acquired Speedie and Associates, LLC , a major Phoenix geotechnical engineering, environmental services, and materials testing firm. IBG Business (Arizona) initiated and facilitated the sale, which closed June 30, 2022. Managing director Mike Cauley (pictured) led the IBG team in this transaction. The terms of the transaction are not disclosed at the parties’ requests.

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Investment Biz Buys €26M Stake In Irish Financial Adviser

Law 360 M&A

Investment manager Kingswood Holdings said on Friday that it has completed the €25.6 million ($27.2 million) purchase of a majority stake in Moloney Investments Ltd., an Irish financial advisory firm, after receiving regulatory approval.

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Energy Management System Market Size Expected to Rise USD 60.54 Billion, at a 12.0% CAGR by 2029

Benzinga

Pune, India, March 03, 2023 (GLOBE NEWSWIRE) -- The global energy management system market size was USD 24.73 billion in 2021. The market is projected to grow from USD 27.31 billion in 2022 to USD 60.54 billion by 2029, exhibiting a CAGR of 12.0% during the 2022-2029 period. Increasing Demand for Smart Grids and Smart Meters to Boost Market Fortune Business Insights, provides this information in its report titled, "Energy Management System Market Forecast, 2023-2029.

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Chipmaker Arm Opts For US Float Over UK In Snub To Gov't

Law 360 M&A

Arm Ltd. said Friday that it plans to list its shares solely in New York, after the U.K. government and regulators failed to convince the British semiconductor giant to return to the London Stock Exchange.

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Data Fabric Market Size Expected to Rise USD 6.97 Billion, at a 22.3% CAGR by 2029

Benzinga

Pune,India, March 03, 2023 (GLOBE NEWSWIRE) -- The global Data Fabric Market Size stood at USD 1.43 billion in 2021. The market is anticipated to rise from USD 1.71 billion in 2022 to USD 6.97 billion by 2029 at a 22.3% CAGR during the forecast period. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, "Data Fabric Market Forecast, 2023-2029.