Tue.Aug 09, 2022

Emerging Fraud Risks to Consider: ESG

Harvard Corporate Governance

Posted by Michael Brodsky and Amy Edwards, Deloitte, on Tuesday, August 9, 2022 Editor's Note: Michael Brodsky is Managing Director and Amy Edwards is Audit & Assurance Senior Manager of the Fraud Risk Center, Deloitte & Touche LLP. This post is based on a Deloitte memorandum by Mr. Brodsky, Ms. Edwards, Krista Parsons , Maureen Bujno , and Kimia Clemente.

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The New Corporate Governance

Reynolds Holding

In the last few years, there has been a dramatic increase in shareholder engagement on environmental and social issues. Consider two examples from 2021.

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Hidden Gems: Do Compensation Disclosures Reveal Performance Expectations?

Harvard Corporate Governance

Posted by C. Edward Fee (Tulane University), Zhi Li (Chapman University), and Qiyuan Peng (University of Dayton), on Tuesday, August 9, 2022 Editor's Note: C. Edward Fee is Professor of Finance at Tulane University Freeman School of Business; Zhi Li is Assistant Professor of Finance at Champan University George L. Argyros School of Business and Economics; and Qiyuan Peng is Assistant Professor of Finance at the University of Dayton.

Musk sells $7bn of Tesla stock ahead of court fight with Twitter

Financial Times M&A

Billionaire seeks to avoid ‘emergency sale’ of shares if social media company forces $44bn deal to close

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Delaware and Caremark: An Update

Harvard Corporate Governance

Posted by Theodore N. Mirvis, David A. Katz, and Sabastian V. Niles, Wachtell, Lipton, Rosen & Katz, on Tuesday, August 9, 2022 Editor's Note: Theodore N. Mirvis , David A. Katz , and Sabastian V. Niles are partners at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum, and is part of the Delaware law series ; links to other posts in the series are available here.

Where delegation fails: Five things only the enterprise CEO can do to build new businesses

McKinsey Public & Social Sector Insights

Business building is increasingly important for company resilience, and CEOs are uniquely suited for the job. Here are five tasks that CEOs can undertake to build successful new businesses. Digital Insights Digital Growth Innovation Leadership

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CFPB Investigations in Alleged Appraisal Discrimination

Appraisers Blog

The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. This is a new development, as federal investigations had so far exclusively been by HUD. The CFPB is an aggressive investigator, and AMCs, large firms and lenders should be wary.

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Blackstone Funds Complete $13 Billion Acquisition of American Campus Communities

Business Wire M&A

AUSTIN, Texas & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc.

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Making financial services available to the masses through AI

McKinsey Public & Social Sector Insights

WeBank CFO Arthur Wang discusses how the company balances innovation, technology, and compliance to move itself forward. Insights on Financial Services Banking China

AppLovin Submits a Compelling Non-Binding Proposal to Combine with Unity

Business Wire M&A

PALO ALTO, Calif.--(BUSINESS BUSINESS WIRE)--AppLovin (NASDAQ: APP) today announced it has submitted a compelling non-binding proposal to the Board of Directors of Unity Software Inc.

Four ways to achieve pricing excellence in retail marketplaces

McKinsey Public & Social Sector Insights

Sellers typically control what retail marketplaces charge for their products, but retailers have options to keep pricing competitive—and customers loyal. Growth, Marketing & Sales Insights Customer experience & loyalty Pricing Sales

Elon Musk Reveals He Sold Tesla Shares Last Week To Prepare For An 'Unlikely' Event

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said he sold shares of the automaker to avoid an emergency sale in the “hopefully unlikely” event Twitter Inc (NYSE: TWTR ) forces his buyout deal to close. What Happened: Musk confirmed that he was done selling in response to a question on Twitter.

Wag! Announces Closing of Business Combination with CHW Acquisition Corporation

Business Wire M&A

SAN FRANCISCO--(BUSINESS WIRE)--Wag Labs, Inc. (“Wag!” Wag!”

Heico Acquires Key Niche RF & Microwave Switch Maker

Benzinga

Heico Corp (NYSE: HEI ) has acquired 100% of the stock of Charter Engineering, Inc. for cash. Financial details were not disclosed. HEICO expects the acquisition to be accretive to its earnings within the year following the acquisition. Pinellas Park, FL-based Charter designs and manufactures.

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Mirion Technologies Acquires Critical Infrastructure Business of Collins Aerospace

Business Wire M&A

ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc.

Why CarLotz Stock Is Stepping On The Gas After Hours

Benzinga

CarLotz Inc (NASDAQ: LOTZ ) shares are trading higher in Tuesday's after-hours session after the company reported financial results and announced a merger agreement with Shift Technologies Inc (NASDAQ: SFT ). CarLotz said second-quarter revenue increased 51% year-over-year to $76.5

UPSKLS Acquires Work Simplr to Change the Way Work Gets Done

Business Wire M&A

ROCKY MOUNTAIN HIGH, Colo.--(BUSINESS BUSINESS WIRE)-- #upskls--UPSKLS, the leader in on-demand work sourcing, announced the acquisition of Work Simplr Ltd, a virtual internship hosting and management solution

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EMCOR Acquires Gaston Electrical For Undisclosed Sum

Benzinga

EMCOR Group, Inc. NYSE: EME ) has acquired Gaston Electrical Co., LLC , headquartered in Norwood, Massachusetts. Deal terms were not disclosed. Founded in 1934, Gaston is a full-service electrical construction and low voltage contractor.

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Butterfly To Acquire QDOBA and Form Leading Fast Casual Restaurant Platform Through Merger with Modern Restaurant Concepts

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)--Butterfly today announced entry into a definitive agreement with funds managed by affiliates of Apollo (the “Apollo Funds”) to acquire QDOBA, the No. 2 player and No.

Superfund Chemical Excise Tax FAQ: What companies need to know

ThomsonReuters

Effective July 1, 2022, as required by the Infrastructure Investment and Jobs Act (IIJA) passed last November, the Internal Revenue Service (IRS) has reinstated the Superfund Chemical Excise Tax on a wide range of chemicals and substances.

Inszone Insurance Services Expands Colorado Presence with The Insurance Place, Inc. Acquisition

Business Wire M&A

SACRAMENTO, Calif.--(BUSINESS BUSINESS WIRE)-- #agencyacquisition--Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today it had acquired The Insurance Place, Inc.

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July 2022 SAAR

Auto Dealer Valuation Insights

The July 2022 SAAR was 13.3 million units, an improvement from last month’s 13.0 million units but down 10.2% from July 2021’s rate of 14.7 million units. The SAAR continues to reflect depressed sales rates as supply chain shortages restrict volumes across the United States.

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PAR Technology Acquires Digital Ordering Company MENU Technologies to Expand its Unified Commerce Offerings

Business Wire M&A

NEW HARTFORD, N.Y.--(BUSINESS BUSINESS WIRE)--ParTech, Inc.

The corporate raider’s book of etiquette and leveraged buyouts

Financial Times M&A

Plus, UK law firms try to make it in the US and capital markets lawyers break loose from their golden handcuffs

Forsta Acquires Crowdsourcing and Innovation Platform HelloIgnite

Business Wire M&A

The Case Against A Recession and M&A Downturn

Benchmark Report

The U.S. economy has weathered more than two years of unique disruptions due to the COVID-19 pandemic. In addition to the ongoing supply chain problems, Americans now have to deal with the impacts of elevated inflation, higher interest rates, and sanctions because of Russia’s war on Ukraine.

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SEKO Logistics Acquires Leading 3PL, Pixior, LLC.

Business Wire M&A

ITASCA, Ill.--(BUSINESS BUSINESS WIRE)-- #SEKOLogistics--SEKO LOGISTICS ACQUIRES LEADING 3PL, PIXIOR, LLC

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How to e-file an amended tax return

Henry Horne

After filing your tax return you may find you’ve made an error when gathering your information, or a misplaced a document just turned up. Don’t stress. This is a common enough occurrence that the IRS has now made it easier to e-file an amended return.

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Activate Renewables Closes on Purchase of More Than 115 MW of Renewable Real Property Interests

Business Wire M&A

PLANO, Texas--(BUSINESS WIRE)--Activate Renewables, a leading acquirer of real estate and royalty interests in wind, solar and energy storage, today announced it has closed on the purchase of a portfolio of renewable ground leases from a fund managed by the Infrastructure Opportunities strategy of Ares Management (“Ares”).

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AMA: Tom Agnew, founder of Brafton

Vested

Content marketing is a sure-fire way to build trust and generate leads. And Brafton is a top content marketing agency helping brands do just that. Founder and CEO Tom Agnew, tells us more. Founders

Qualitest Acquires Hyderabad-based Quality Engineering Company ZenQ

Business Wire M&A

LONDON--(BUSINESS WIRE)-- #Hyderabad--The acquisition of ZenQ expands Qualitest’s capabilities in Analytics, Blockchain, and DevOps, while extending the company’s operations in India

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FCF Biotech Venture Capital Monitor – USA 06/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 06/2022”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. Read more.

Mid-Year Tax-Planning Ideas for Individuals in 2022

Concannon Miller

The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good time to take proactive steps to help reduce the current year's tax bill. Here are some federal tax-planning strategies to consider. Individual tax planning

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WSP offers 76% premium for London-listed RPS

Financial Times M&A

Engineering consultant’s takeover of environmental adviser is its third buyout in three months

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FCF Biotech Venture Capital Monitor – USA 06/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 06/2022”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. Read more.

A New Approach to Client Filtering

Accounting Web

Practice Excellence A New Approach to Client Filtering

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One CEO’s journey to becoming a business builder

McKinsey Public & Social Sector Insights

In this interview, Patrick Hylton, CEO of NCB Financial Group, shares his experience launching a digital mobile-payments business and what it takes to succeed. Digital Insights Financial Services Digital strategy and organization Innovation Growth Leadership

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