Mon.Oct 02, 2023

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Secret and Overt Information Acquisition in Financial Markets

Harvard Corporate Governance

Posted by Yan Xiong (The Hong Kong University of Science and Technology), Liyan Yang (University of Toronto), on Monday, October 2, 2023 Editor's Note: Yan Xiong is an Assistant Professor of Finance at The Hong Kong University of Science and Technology, and Liyan Yang is a Professor of Finance at the Rotman School of Management, University of Toronto.

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Redpath and Company Announces 2023 Partner and Director Promotions

Redpath

Saint Paul, Minnesota (October 2, 2023) - Certified public accounting firm Redpath and Company, LLC has promoted Ryan Everhart to managing partner, Emmett Mulcahy to partner, Tony Oster to partner, Megan Hesselberg to director, and Lucas Warth to director effective October 1, 2023.

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Director Elections under the Microscope

Harvard Corporate Governance

Posted by Edna Twumwaa Frimpong, Diligent Market Intelligence, on Monday, October 2, 2023 Editor's Note: Edna Twumwaa Frimpong is the Head of International Research at Diligent Institute. This post is based on her Diligent memorandum. Related research from the Program on Corporate Governance includes The Myth of the Shareholder Franchise (discussed on the Forum here ) by Lucian A.

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Comment on Leaving the Appraisal Profession by Baggins

Appraisers Blog

In reply to Jim Glickman, MAI. And then, what’s your advice for the hundreds of millions of American citizens whom still will need to navigate the mortgage lending systems? Stop crying in their beer as they get fleeced by the hucksters once more? When merely saving ones self does not solve the actual problem. Take a government job on purpose? Go into government buildings voluntarily?

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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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IRS expands e-filing with new penalties for more paper forms

LaPorte

(authored by RSM US LLP) Final regulations expand IRS e-filing requirements issued with most changes effective for returns due to be filed in 2024. Filers of more than 10 returns or forms required to e-file in most cases. The post IRS expands e-filing with new penalties for more paper forms first appeared on LaPorte.

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Comment on The Scam of Racial Discrimination by Appraisers by Baggins

Appraisers Blog

In reply to Term Limits. Great take on the matter. You may be the first individual to illustrate what should be a commonly held opinion, these people are supposed to be public servants.

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Rinehart/Liontown: heavy metal billionaire seeks something lighter

Financial Times M&A

Albemarle’s margin for victory over buying lithium miner reduces every time Hancock increases its stake

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To Whom Are Caremark Duties Owed?

Reynolds Holding

A while ago, the National Center for Public Policy Research – a conservative organization that focuses its advocacy in the corporate and securities space – filed a lawsuit against Starbucks , arguing that its diversity equity and inclusion program ran afoul of Title VII of the Civil Rights Act of 1964, and Section 1981. Conservative organizations have been launching a number of Section 1981-based challenges to DEI programs , but usually these are on behalf of workers.

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Tilray Completes Acquisition Of 8 Beer Brands From Bud Light Parent Anheuser-Busch

Benzinga

Cannabis company Tilray Brands, Inc. (NASDAQ: TLRY ) closed its all-cash previously-announced acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD ), including the breweries and brewpubs associated with them. The acquired businesses include Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company and HiBall Energy.

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Comment on Leaving the Appraisal Profession by Baggins

Appraisers Blog

In reply to Pierce Blitch III. They’ll never provide a finished product again. An inevitable result when technical persons seek prolonged contractor employment by way of constantly tinkering with software and interface. Who’s still buying this that a new form development takes four to five years if not longer? The current form is adequate although we would not mind subtle changes.

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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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Justices Won't Hear Fight Over $11B American Airlines Deal

Law 360 M&A

The U.S. Supreme Court on Monday declined to review American Airlines customers' challenge to the company's bankruptcy-spurred $11 billion merger with U.S. Airways, despite the petitioners' contention that lower courts flouted high court precedent in deciding the case.

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Putting renewable energy within reach: Vietnam’s high-stakes pivot

Mckinsey and Company

With conducive conditions, Vietnam’s renewable-energy development could increase exponentially to attract manufacturers and ensure its energy security.

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Minerals Technologies Puts Barretts Talc Unit Into Bankruptcy

Law 360 M&A

Minerals Technologies Inc. put its talc-mining subsidiary into Chapter 11 bankruptcy in Texas on Monday, seeking to sell the business and use the proceeds to fund a settlement trust for alleged victims who claim in a growing number of lawsuits that they were exposed to talc contaminated with asbestos.

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Comment on FNMA Continued Effort to Get Rid of Appraisers by hammering hank

Appraisers Blog

In reply to Baggins. The problem is not excessive regulation. Problem is the implementation of stated guidelines by the appraiser. Which are MOSTLY the standard use of “ethical” common sense. You always blame the govt… not the uneducated appraiser. Pay attention.

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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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Secretive billionaire McPike sues over collapse of Spac deal

Financial Times M&A

Lawsuit accuses gaming investor Jason Ader of misrepresenting investment in Spac that tried to buy Manila casino

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Comment on FNMA Continued Effort to Get Rid of Appraisers by hammering hank

Appraisers Blog

In reply to Jacob Landfair on Facebook. You must be leaving something out in the compliant. that makes no sense. Unless of course it is a similar unit in the building that sold lacking the roof deck.

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Build it and they will come: Talking with Marqeta’s Jason Gardner

Mckinsey and Company

The payments company founder shares how he built an industry-disrupting company, why he handed off to a successor, and how he sees the industry’s future.

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AuditBoard Named Leader in Audit Management, GRC, and Third-Party Risk Management in G2 Fall 2023 Report

Audit Board

AuditBoard’s modern connected risk platform praised by customers for time-to-value, ease-of-use, and innovative capabilities. LOS ANGELES, CA - October 2, 2023 – AuditBoard , the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced that it has once again been rated as Leader in the Audit Management and GRC Fall 2023 Grid Reports from G2.com , a streak that has reached 16 and 15 quarters respectively.

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Canopy Growth Finalizes $39M Hershey Drive Facility Sale

Benzinga

Canadian cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC ) completed the sale of its Hershey Drive facility in Smiths Falls, Ontario, in connection with the p reviously announced agreement with Hershey Canada, Inc. for cash consideration of approximately CA$53 million ($39 million). As part of its transformation to a simplified, asset-light operating model , Canopy Growth sold a total of seven properties for aggregate gross proceeds of approximately CA$155 million since April 1,

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The Crucial Documents Shaping Your Company Sale

Benchmark Report

So much hard work goes into negotiating the deal and agreeing the Heads of Terms (Heads) or Letter of Intent (Loi), it’s critical the deal is properly managed, and the legal contracts fairly negotiated to ensure the deal happens! This article provides a summary of the key transaction documents along with insights from your experienced Benchmark International deal team.

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Why Is Hollysys Automation Technologies Stock Trading Higher Monday?

Benzinga

Hollysys Automation Technologies, Ltd (NASDAQ: HOLI ) stock is trading higher Monday as it announced the formation of a special committee (the "Special Committee") of the board of directors of the Company (the "Board") to conduct a formal sale process. The Special Committee comprises three independent directors: Dr. Kok Peng Teh, Dr.

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Use Caution When Amending Your Operating Agreement Without Unanimous Consent

Farrel Fritz

In my experience, most operating agreements of New York LLCs include a provision barring amendments unless made in writing and executed by all members. Such provisions are especially prevalent with smaller, member-managed LLCs as opposed to larger, manager-managed LLCs having some number of passive investors. With the latter, I would venture to say that the larger the company in terms of its capitalization and assets, the more its governance resembles traditional corporate-style management, and

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Greif Acquires Reliance Products, Boosting Barrier Technology Portfolio

Benzinga

Greif, Inc. (NYSE: GEF ) has announced the acquisition of Reliance Products, Ltd., a producer of barrier and conventional blow molded jerrycans and small plastic containers in Canada. The acquisition, an all-cash deal, was facilitated through Greif's pre-existing credit facility and is valued at approximately 6.75x proforma adjusted EBITDA. The financial terms were not disclosed.

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What separates B2B GTM outperformers in tech and telecom

Mckinsey and Company

Our latest global B2B Pulse GTM survey of the tech and telecom sector shows how some outperforming companies are optimizing sales tactics to gain significant market share despite economic uncertainty.

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Zucker Acquires Front Office Sports Minority Stake With New Media Investment Fund: Report

Benzinga

Former CNN chief Jeff Zucker has reportedly taken a minority stake in Front Office Sports , the sports media-focused startup, through his $1 billion investment fund RedBird IMI , marking the first acquisition since his fund’s inception. Zucker's RedBird IMI is a collaboration between U.S.-based RedBird Capital Partners and UAE-based International Media Investments , both of which are players in the media and entertainment sector.

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Closing Day: What Happens and How Not to Get Derailed

M&A Leadership Council

The Art of M&A® / Integration: Closing An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux CLOSING What happens on the closing day itself? Assuming the parties have conducted a preclosing drill, three things will typically happen: Document preparation: The parties and their counsel will review any documents that were revised or newly generated, the parties will execute any previously unexecuted documents, all undated docume

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Lottery.com Strikes Gold: Acquires Nook And Ushers In The Sports.com Era

Benzinga

Lottery.com Inc (NASDAQ: LTRY ) has agreed to acquire Nook Holdings Limited for an undisclosed sum. Nook is known for its innovative approach to co-working in Dubai and has procured 200 licenses for individuals and companies in the sports sector seeking access to Dubai and the broader Middle Eastern market. Nook has an exclusive partnership with the Dubai Multi-Commodities Centre Free Zone (DMCC).

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How to Value a Bookkeeping Business

Peak Business Valuation

Bookkeeping businesses provide essential financial services to various entities such as businesses, governments, healthcare providers, and individuals. This can include financial record keeping, account management, payroll processing, etc… As such, the bookkeeping industry plays a crucial role in the economy and has retained steady demand for years.

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KKR Sells $560M In Industrial Assets, Keeps Focus On Logistics In Growth Markets

Benzinga

KKR & Co Inc (NYSE: KKR ) disclosed the sale of over 5 million square feet of industrial warehouse and distribution assets for more than $560 million. The divestiture was completed through five discrete transactions with five separate buyers, with the final sale closed on Sept. 29. The asset sale comprises Real Estate Partners Americas II fund assets, including over 50 industrial buildings in high-growth markets.

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How to Make the M&A Financial Due Diligence Phase More Efficient

Valutico

How to Make the M&A Financial Due Diligence Phase More Efficient Financial due diligence is one of the most critical aspects of closing deals in the world of M&As. It’s the process through which potential investors, buyers, or partners thoroughly analyze a target company’s financials to determine its financial health and performance. The findings of financial due diligence are then merged with those of other due diligence areas — like legal, operational, and technical— and used to determ

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Rithm Capital Buys Specialized Loan Servicing Business, Boosts Third-Party Servicing Business To $180B

Benzinga

Rithm Capital Corp (NYSE: RITM ) penned a deal with Computershare Ltd (OTC: CMSQF ) for the acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (SLS), for about $720 million. The buyout comprises an unpaid principal balance (UPB) of mortgage servicing rights worth about $136 billion, of which $85 billion is third-party servicing, along with SLS's origination services business.

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Strategic Quarterly Planning Made Easy: Unlocking Success with AI

Rhythm Systems

Anyone who has ever participated in a strategic planning session knows it’s a lot of hard work. You have to prepare well, have tough conversations, make strategic decisions, capture the outputs in clear, easy-to-communicate formats, and attempt to capture the ROI on the time spent doing all of this by actually implementing those decisions.

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Books & Records: Del. Chancery Rejects Demands for Director Texts & Emails

John Jenkins

Delaware case law in recent years has established that under appropriate circumstances, directors’ emails & text messages may be regarded as books & records required to be produced in response to a stockholder demand under Section 220 of the DGCL. However, in In re Zendesk Section 220 Litigation, (Del. Ch.

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Comment on National Appraisers Forum by allan weilbacker

Appraisers Blog

National Appraisers Forum is one of the best appraiser groups with a wealth of info participants share freely on a wide number of topics.