Mon.Nov 07, 2022

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Top 5 SEC Enforcement Developments

Harvard Corporate Governance

Posted by Haimavathi Marlier, Jina Choi, and Michael Birnbaum, Morrison & Foerster LLP, on Monday, November 7, 2022 Editor's Note: Haimavathi Marlier , Jina Choi , and Michael Birnbaum are Partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, which was an act

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Why You Should Think Like a Buyer When Selling a Business

Viking Mergers

At Viking Mergers & Acquisitions, we provide personalized and professional business brokerage services to buyers and sellers. Selling a business takes a great deal of consideration and research to avoid leaving money on the table at closing. That’s why we encourage our business owners to think like a buyer throughout the selling process. When a business owner considers the perspective of a potential buyer, the owner can better recognize the priorities a buyer looks for.

Start-ups 130
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Revisiting the Effect of Common Ownership on Pricing in the Airline Industry

Harvard Corporate Governance

Posted by Patrick Dennis (University of Virginia), Kristopher Gerardi (Federal Reserve Bank of Atlanta), and Carola Schenone (University of Virginia), on Monday, November 7, 2022 Editor's Note: Patrick Dennis and Carola Schenone are Associate Professors of Commerce at the University of Virginia, McIntire School of Commerce and Kristopher Gerardi is a financial economist and senior adviser in the research department of the Federal Reserve Bank of Atlanta.

Banking 187
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Liverpool FC sale explored by US owners Fenway Sports Group

Financial Times M&A

Move comes months after Chelsea was sold to consortium led by American financier Todd Boehly for £2.

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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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Mistakes Rookie Internal Auditors Make and How to Fix Them

Internal Audit 360

GUEST BLOG POST. A ll human beings are creatures who change with their environment and circumstances, who hopefully grow and develop with experience, particularly their work experience. But all processionals have to start somewhere. We can probably all remember the early days of our careers as we fumbled and bumbled our way through the dos and don’ts, picking up tidbits of wisdom, and slowly learning the ropes.

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Taiwan’s bank problem for companies expanding abroad

Financial Times M&A

Country lacks a global or even regional lender that could accompany its industry in an internationalisation push

Banking 132

More Trending

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How to Grow Your Business: Add a Winning Move to Your Business Plan

Rhythm Systems

Turn your existing 3-5 year strategic plan into a Rhythm Systems Winning Move. A Winning Move is an idea or project that will help you double your business revenue in 3-5 years. Many companies have these growth ideas in their business plans, but they don't have any execution plans in order to continually work on the projects that will get their business to the next level.

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How To Sell Your Business with a PPP Loan

Sun Acquisitions

Perhaps you’ve asked, “Can I sell my business if I got a PPP loan?”. The long and short is yes, it’s possible, however, there’s a series of considerations from the Small Business Administration (SBA), the holder of your PPP loan debt that you need to comply with. In this post, we explore what those terms are and how you can satisfy each one to sell your company.

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Walgreens Primary Practice Buys Summit Health In $8.9B Deal

Law 360 M&A

Walgreens-owned VillageMD, guided by Sheppard Mullin Richter & Hampton LLP, will acquire primary, specialty and urgent care provider Summit Health-City MD in a deal valued at $8.9 billion, the companies announced Monday, representing the latest in a string of recent transformative transactions in the healthcare industry.

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Walgreens Boots Alliance's Unit Close To Merging with Summit Health In $9B Deal

Benzinga

Walgreens Boots Alliance Inc's (NASDAQ: WBA ) Village Practice Management is reportedly close to around a $9 billion deal with Summit Health , the parent company of CityMD urgent-care centers. Warburg Pincus LLC -backed Summit Health has more than 370 locations in New York, New Jersey, Connecticut, Pennsylvania, and Central Oregon. Village Practice Management, which does business as VillageMD, provides care for patients at free-standing practices and.

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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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Author Talks: In defense of big data

Mckinsey and Company

Public discourse is often wary of automation, AI, and data collection, but along with the risks of digital technology comes its power to address climate change and prevent discrimination.

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Getting The Most Out of Your Business Appraisal

BV Specialists

As a small business owner, there will be times when third-party consulting services become a necessity in order for you to complete certain goals and accomplish plans made earlier in the year which are now becoming a more immediate concern. Whether that’s refinancing your debt, obtaining new working capital, buying out or adding partners, updating stock value, or any similar internal planning, there is usually a requirement to seek independent advice and reports to eliminate potential bias.

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Strategic M&A in US banking: Creating value in uncertain times

Mckinsey and Company

Uncertain times can spell opportunity for companies seeking acquisitions—if companies proceed with care. Four actions can help banks maximize the value of their M&A.

Banking 92
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Insider Trading and Clinical Drug Trials

Reynolds Holding

For at least a quarter century, the Securities and Exchange Commission (SEC) has pursued claims of unlawful insider trading where the information at issue was material to the stock price of the sponsor of a clinical trial. In recent years, almost half of these cases were also prosecuted criminally, some resulting in prison sentences. Because the cases arise out of work in a medical academic setting, those charged may not have understood the broad reach of the law, including the misappropriation

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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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Beyond the numbers: Creating a more diverse future for health

Mckinsey and Company

A conversation about leadership, visions for a future of integrated healthcare systems, and the clear benefits of more diverse teams.

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Elon Musk Is Tweeting Through a Tide of Criticism

NYT M&A

The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions.

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5 Firms Lead Ritchie Bros. $7.3B Purchase Of IAA

Law 360 M&A

Ritchie Bros. Inc. and IAA Inc. announced on Monday that the former had reached an agreement to purchase the latter for $7.3 billion, in a deal steered by Goodwin Procter LLP, McCarthy Tétrault LLP, Skadden Arps Slate Meagher & Flom LLP, Cooley LLP and Blake Cassels & Graydon LLP.

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Why Liverpool FC’s owner is selling

Financial Times M&A

Elliott Management profits off Swedish Match deal and Oaktree’s masterclass in debt investing.

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'Thriving' Albertsons Defends $4B Payout From AG Challenge

Law 360 M&A

Albertsons has urged a D.C. federal judge not to block its planned $4 billion payment to shareholders, arguing the state attorneys general challenging the special dividend can't get past its financial strength or the fact that the payout is separate from Kroger's proposed $24.6 billion purchase of the company.

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With 17.1% CAGR, Wireless Audio Device Market Worth USD 143.41 Billion by 2029

Benzinga

Pune, India, Nov. 07, 2022 (GLOBE NEWSWIRE) -- The global wireless audio device market size was valued at USD 40.58 billion in 2021. The market is projected to grow from USD 47.37 billion in 2022 to USD 143.41 billion by 2029, exhibiting a CAGR of 17.1% during the forecast period. Fortune Business Insights, provide this information in its report titled, "Wireless Audio Device Market, 2022-2029.".

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Penguin's Takeover Of Rival Would Harm Authors, Judge Says

Law 360 M&A

A D.C. federal judge found that authors would be the ones to suffer should Penguin Random House LLC's planned $2.8 billion purchase of Simon & Schuster go through, according to an opinion unsealed Monday.

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Walgreens affiliate in $9bn deal for doctors’ group Summit Health

Financial Times M&A

Acquisition set to deliver multibillion profit for private equity investor Warburg Pincus

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4 Takeaways From Blocking Of Simon & Schuster Deal

Law 360 M&A

A D.C. federal judge on Monday unsealed her earlier decision to block Penguin Random House LLC's planned $2.18 billion purchase of rival publisher Simon & Schuster, an important win for the U.S. Department of Justice. Here, Law360 looks at the top takeaways from the 80-page ruling, including how the court took a dim view of a proposed fix.

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Walgreens: US healthcare land-grab intensifies with $9bn deal

Financial Times M&A

Purchase is hardly a bargain, but the owner of VillageMD does not have much of a choice

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My Favorite Law Prof: How I Learned That Culture Shapes Law

Law 360 M&A

U.S. District Judge Jed Rakoff of the Southern District of New York considers how a class with Jerry Cohen at Harvard Law helped him understand culture and history’s influence on jurisprudence, and how even seemingly settled law can evolve — all while espousing a more humanistic approach to teaching that restored Judge Rakoff's pride in being a lawyer.

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More for less: Five ways to lower cloud costs without destroying value

Mckinsey and Company

Companies can often find significant savings in their cloud programs—if they know where to look.

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Chancery Tells Attys It Will Hold Separate CBS, Viacom Trials

Law 360 M&A

A Delaware vice chancellor on Monday told counsel for litigants in two consolidated stockholder lawsuits alleging CBS's $30 billion merger with Viacom in 2019 was unfair that he will schedule separate five-day trials, as doing so won't "impinge on litigants' economy.

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Nurturing supply and demand: How Asia’s energy players can accelerate green growth

Mckinsey and Company

As Asia grapples with climate change, leaders working at the intersection of customer experience, sustainability and the energy transition will need to respond to five major shifts that will help to smooth the path to net zero. Organizations with a sound understanding of balancing the supply-demand equation between changing consumer needs and energy transition requirements will be in prime position to identify and foster new green-growth opportunities.

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Musk's $56B Tesla Pay Trial May Spur More Exec Comp Fights

Law 360 M&A

As Elon Musk heads to trial in Delaware Chancery Court to fight claims that he ripped off Tesla shareholders when he was awarded a jaw-dropping $56 billion equity compensation package, the chancery has a rare opportunity to weigh in on the rights of shareholders to contest executive compensation.

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FCF at the Tech Tour Deep Tech 2022 in Leuven (Belgium), 9 & 10 November 2022

Fox Corporate Finance

Meet Florian Theyermann, Director at FCF Fox Corporate Finance at the TechTour Deep Tech 2022 in Leuven (Belgium), 9 & 10 November 2022. He will participate as Investor Expert in the Pitching Session V: Semiconductors, Electronics, Read more. The post FCF at the Tech Tour Deep Tech 2022 in Leuven (Belgium), 9 & 10 November 2022 appeared first on FCF Fox Corporate Finance GmbH.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

New cases in Chancery Court last week ranged from cannabis control in California to fraud claims in Rwanda, while decisions covered everything from yoga to attorneys blacklisted from concert halls. Oddly enough for Chancery Court regulars, the Twitter disputes happened elsewhere.

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Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations

LaPorte

(authored by RSM US LLP) The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations. The post Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations first appeared on LaPorte.

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Three Tips for Streamlining SOX and Internal Control Testing and Review

Audit Board

With rising economic uncertainty, employee shortages, and ongoing workplace changes, SOX compliance and internal control teams face enormous pressure to do more work with fewer resources than ever before. If these factors were not enough, teams are also challenged with complying with ongoing regulatory changes, which may include new ESG and Cybersecurity financial report disclosure rules soon.

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SocGen Leasing Unit's €5B Deal For Dutch Rival Gets UK Nod

Law 360 M&A

Britain's antitrust authority said on Tuesday that it has cleared the €4.9 billion ($4.9 billion) bid by the car leasing subsidiary of French banking giant Société Générale for a Dutch rival.

Banking 52