Mon.May 02, 2022

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Proposed SEC Rule on Private Fund Advisers

Harvard Corporate Governance

Posted by Andrew Weiss (Boston University), on Monday, May 2, 2022 Editor's Note: Andrew Weiss , a Professor Emeritus of Economics at Boston University, is Chief Executive Officer of Weiss Asset Management. This post is based on his recent comment letter to the Securities and Exchange Commission. This post is based on a comment letter that I submitted on the Security and Exchange Commission’s proposed rules governing Private Fund Advisers, File No.

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State of Fashion Technology Report 2022

Mckinsey and Company

As technological innovation accelerates, fashion companies have an opportunity to serve customers better while also creating a more efficient, responsive, and responsible business.

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Trending Sources

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Warren Buffett Owns What? 10 Berkshire Acquisitions You May Have Forgotten

Benzinga

Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ), headed by CEO Warren Buffett, recently announced the acquisition of Alleghany Corporation (NYSE: Y ), a property and casualty insurance company in a deal worth $11.6 billion, at $842.02 per share. The acquisition is the largest that Berkshire has made since 2016, but ranks behind its previous $37-billion acquisition of Precision Castparts.

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O'Melveny Launches Houston Office With 3 Ex-Willkie Attys

Law 360 M&A

O'Melveny & Myers LLP announced Monday it has opened a Houston office with the help of a trio of former Willkie Farr & Gallagher LLP attorneys, placing the firm in a third Texas city in less than a year.

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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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Why Spirit Airlines Stock Is Grounded Today

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU ) proposal and said it will proceed with its previously-announced merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC ). Both Frontier and JetBlue aim to acquire Spirit to better compete. Full story available on Benzinga.com.

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The new standard for insurance claims

Mckinsey and Company

In this podcast, three claims experts discuss what insurers should consider as they update their technology, ways of working, and workforces to bring forth the future of claims.

More Trending

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Spirit Airlines Rejects JetBlue’s Offer

NYT M&A

The airline said regulators would be skeptical of letting the companies merge as long as JetBlue is in a partnership with American Airlines.

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Fundraising Strategy: How Much and When to Raise

Equidam

There’s no shortage of content covering startup fundraising advice, whether it’s solidifying your valuation or financial projections , or timing your fundraising sprints. Founders can follow a pretty solid roadmap once they decide to pull the trigger, but how do you know when the time is right? In this article we’ll look at a few of the often-overlooked factors which might inform when to raise capital for your startup, and how much you might look to raise. 12 Months w/ 50% cushion = 18 months.

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The SEC Proposes New Rules for Special Purpose Acquisition Companies

National Law Review M&A

Alan I. Annex Brian N. Wheaton Daniel J. Tyukody Elaine C. Greenberg Jurisdiction: All Federal Laurie L. Green Type of Law: Mergers & Acquisitions Administrative & Regulatory Corporate & Business Organizations Kenneth A.

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Businesses May Receive Notices About Information Returns That Don't Match IRS Records

Machen McChesney

The IRS has begun mailing notices to businesses, financial institutions, and other payers that filed certain returns with information that doesn’t match the agency’s records.

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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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Chancery Sends $55B Time Warner-Charter Deal Suit To Trial

Law 360 M&A

A nearly seven-year-old stockholder challenge to the $55 billion Charter Communications Inc.–Time Warner Cable Inc. merger in 2015 survived summary judgment challenges in Delaware's Chancery Court on Monday, with a vice chancellor finding sufficient evidence to justify going to trial on claims that a majority of the board of directors lacked independence in the deal.

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Musk’s Twitter deal rewards risk-taking at Morgan Stanley

Financial Times M&A

US bank’s central role in $44bn bid caps long effort to cement ties with the billionaire

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Baker McKenzie, Skadden Rep $300M Embracer Games Buy

Law 360 M&A

Guided by Baker McKenzie, Embracer Group AB said Monday it's buying a group of game studios and back-catalog of intellectual property for $300 million from Skadden-led Square Enix Holdings Co. Ltd.

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Salesforce’s Arundhati Bhattacharya on lifelong learning and talent reinvention

Mckinsey and Company

Salesforce’s India CEO, and former chair of the State Bank of India, believes that lifelong learning will determine success in the future, especially as people start having multiple careers.

Banking 72
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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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MGM Bids $607M On Online Gambling Co. LeoVegas

Law 360 M&A

MGM Resorts International said Monday it had offered $607 million to buy Swedish digital gaming company LeoVegas AB in an effort to grow its global footprint, with guidance from three law firms.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. ASA has kicked off its new The ASA Difference member awareness campaign with a nationwide radio media tour with interviews of ASA CEO, Johnnie White by leading outlets across the U.S. domestic market. The key goal of the effort is to introduce our members, as trusted, respected, experienced ASA-accredited professionals. Below is a snapshot of completed and scheduled interviews, including links to currently available recordings.

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How Law Firms Can Employ More Veterans

Law 360 M&A

Hiring attorneys who are veterans is often overlooked in law firm diversity, equity and inclusion plans, even though it generates substantial benefits, but partnering with like-minded organizations and having a robust and active veterans group will go a long way in boosting a firm's ability to recruit and retain veterans, say Daniel Sylvester and Nicholas Hasenfus at Holland & Knight.

Equity 73
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Buffett casts a long shadow over Berkshire

Financial Times M&A

Plus, Morgan Stanley’s history with Elon Musk pays off and KPMG refuses to sign off on Adler’s results

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Too Much Information? Increasing Firms’ Information Advantages in the IPO Process

Reynolds Holding

Traditionally, high-growth private firms in the United States have used the public equity markets as their primary source of external financing to fund innovation and expansion. For this reason, well-functioning capital markets have been instrumental to the U.S. economy, supporting job creation and economic growth. In recent decades, however, there has been a decreasing number of U.S. companies going and staying public, attracting significant concern from regulators.

Equity 59
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Three Reasons to Hold Cash on the Family Business Balance Sheet?

Auto Dealer Valuation Insights

For one weekend a year, the spotlight of the financial world shifts from New York to Nebraska. The annual meeting of the Berkshire Hathaway company has developed a cult following among shareholders and financial journalists alike. A compound annual return of 20% over 55 years (!) will do that for you. Actuarially speaking, the number of opportunities to see Warren Buffett, 91.

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How to Avoid 7 Pitfalls That Reduce Sales Price – Small Business Exit and Succession Planning

Gergory Caruso

A presentation for Jim Hitchner’s Valuation Products and Services Wednesday, May 18th, 2022 1:00 – 3:00 PM EDT. Jeff got up from his hospital bed after missing most of tax season and felt better. So good that three days later he canceled the closing on his 7 employee CPA practice. Unfortunately Jeff spent the next tax season in the hospital too and did not have a practice to return to.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. ASA’s CEO letter to members and friends. This month has been great all around, but I’d say April has been extra special as I celebrated my 3rd year as CEO of ASA. Though the environment has thrown the world a few curve balls, we have taken the hurdles the pandemic as brought us and used them to be a more efficient. To all our members, staff, stakeholders and friends – I thank you for your continued commitment and support to ASA, and am looking forward to my 4 th year as your CEO.

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How to Avoid 7 Pitfalls That Reduce Sales Price – Small Business Exit and Succession Planning

Gergory Caruso

A presentation for Jim Hitchner’s Valuation Products and Services Wednesday, May 18th, 2022 1:00 – 3:00 PM EDT. Jeff got up from his hospital bed after missing most of tax season and felt better. So good that three days later he canceled the closing on his 7 employee CPA practice. Unfortunately Jeff spent the next tax season in the hospital too and did not have a practice to return to.

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Eaton Agrees To Acquire 50% Stake In Huineng's Circuit Breaker Business For Undisclosed Sum

Benzinga

Eaton Corporation PLC (NYSE: ETN ) has agreed to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng). Deal terms were not disclosed. Huineng manufactures and markets low-voltage circuit breakers in China and reported FY21 revenues of. Full story available on Benzinga.com.

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A complete corporate makeover: Keppel’s plan for sustainable growth

Mckinsey and Company

CEO Loh Chin Hua is on a mission to transform Keppel Corporation from a conglomerate structure to a future-ready organization with strong purpose, relevance, and a goal of achieving sustainable growth.

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Advanced Drainage Systems Acquires Cultec For Undisclosed Sum

Benzinga

Advanced Drainage Systems, Inc. (NYSE: WMS ) has acquired Cultec, Inc. , a family-owned plastic stormwater and septic chamber company headquartered in Brookfield, Connecticut. Deal terms were. Full story available on Benzinga.com.

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Tech billionaire Mike Cannon-Brookes launches corporate raid on power producer AGL

Financial Times M&A

Climate activist wants to bloc Australian energy company’s proposed demerger

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Endo Acquires Six Development-Stage, Injectable Product Candidates For $35M

Benzinga

Endo International plc (NASDAQ: ENDP ) has acquired six development-stage, ready-to-use injectable product candidates from Nevakar Injectables Inc, a subsidiary of Nevakar Inc. Under the agreement terms, Endo purchased the six product candidates from Nevakar Injectables for a one-time payment. Full story available on Benzinga.com.

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Greenspoon Marder Launches Latin America Practice

Law 360 M&A

Greenspoon Marder LLP announced today that it launched a practice group focused on representing Latin American clients on a wide range of cross-border transactions.

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PreMarket Prep Stock Of The Day: Buffett's Risk-On Approach To Activision Blizzard

Benzinga

At the annual meeting for Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A )(NYSE: BRK-B ), it was announced his firm added to its position and has a 9.5% stake in Activision Blizzard Inc. (NASDAQ: ATVI ). The reason being Buffett is confident Microsoft Inc.'s (NASDAQ: MSFT ) offer to buy the company will be approved by regulators. Since it has been quite some time since Buffett has dabbled in the risk arbitrage space, the topic was discussed on Monday’s PreMarket Prep Show.

Banking 52
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Square Enix sells its western studios and hits such as Tomb Raider for $300m

The Guardian M&A

Japanese gaming company behind Final Fantasy series secures deal with Sweden-based Embracer The Japanese gaming company behind Final Fantasy is selling off three studios, including the rights to hit franchises including Tomb Raider, in a $300m (ÂŁ240m) deal. Tokyo-based Square Enix has sold US-headquartered Crystal Dynamics and Canada-based Eidos Montreal and Square Enix Montreal to the Nasdaq-listed Swedish gaming group Embracer.

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Cooper-Standard Adds $50M Cash Via Real Estate Asset Sale

Benzinga

Cooper-Standard Holdings Inc (NYSE: CPS ) has completed the sale of its non-core real estate asset in Germany, generating $50 million in cash proceeds. The company expects to lease back a portion. Full story available on Benzinga.com.

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QuickBooks Online and Changing Screen Views

Accounting Web

Bookkeeping QuickBooks Online and Changing Screen Views.

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Sandstorm Gold Agrees To Acquire Nomad Royalty For C$755M

Benzinga

Sandstorm Gold Ltd. (TSX: SSL) (NYSE: SAND ) has agreed to acquire Nomad Royalty Company Ltd's (TSX: NSR) (NYSE: NSR ) issued and outstanding shares in an all-share transaction valued at C$755 million. The consideration implies a value of ~C$11.57 per Nomad share based on the closing price of the Sandstorm shares. Full story available on Benzinga.com.

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