Mon.Oct 03, 2022

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Know Your Customer: Informed Trading by Banks

Harvard Corporate Governance

Posted by Rainer Haselmann (Goethe University Frankfurt), Christian Leuz (University of Chicago Booth School of Business), and Sebastian Schreiber (Goethe University Frankfurt), on Monday, October 3, 2022 Editor's Note: Rainer Haselmann is Professor of Finance, Accounting, and Taxation at Goethe University Frankfurt, Christian Leuz is Charles F. Pohl Distinguished Service Professor of Accounting and Finance at the University of Chicago Booth School of Business, and Sebastian Schreiber is Profess

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Digital twins: What could they do for your business?

Mckinsey and Company

Less waste, shorter times to market, constant customer insights: the advantages of applying digital twins are many—if you get the conditions right.

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Trending Sources

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2022 Proxy Season – Shareholder Proposal Review

Harvard Corporate Governance

Posted by Tom P. Skulski and Glenn O’Brien, Morrow Sodali, on Monday, October 3, 2022 Editor's Note: Thomas P. Skulski is Managing Director – Proxy and Glenn O’Brien is an Analyst at Morrow Sodali. This post is based on their Morrow Sodali memorandum. In late 2021 the SEC announced that it would take a new approach to the economic relevance and ordinary business exemptions through the no-action process.

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Business Advisor Highlight: Raleigh, NC

Viking Mergers

At age 14, Devak Patel began working for his father. Their family owned multiple Dairy Queen franchises, and Devak recalls the high expectations that came with working with his dad. While challenging, it also afforded him the opportunity to learn, not just from an employee perspective but also from his dad’s experience as the business owner. Devak developed an interest in business & finance, and his role in the family DQ businesses shifted to the finance & business side.

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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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Climate tech competitiveness: Can the United States raise its game?

Mckinsey and Company

The United States has an opportunity to turn its innovation advantage in climate technologies into the basis for a thriving manufacturing and export sector.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. By Warren H. Morss, GIA GG, ASA, MGA®. Being in business for over forty years, I have seen many changes in society regarding our personal and business lives. Our ability to embrace change and adapt to new concepts and technologies has defined our path through the first decade and a half of the twenty first century. It is along this path that I chose to further my professional career in the Gem & Jewelry discipline of the professional appraisal field.

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2023 Annual Planning Process: Brainstorming 20 Ways to beat the Annual Targets

Rhythm Systems

We were working on a CEO's plan for the next year when I noticed his team fidgeting and looking uncomfortable during our planning session. I paused and asked various team members to share what was bothering them. They shared that they were not confident that they had enough revenue and sales opportunities to achieve the goals that the CEO wanted to achieve.

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Con Edison Divests Clean Energy Businesses To RWE For $6.8B

Benzinga

Consolidated Edison Inc (NYSE: ED ) has entered into a purchase and sale agreement to sell its clean energy business and its subsidiaries to RWE Renewables Americas LLC, a subsidiary of RWE AG (OTC: RWEOY ). The transaction. Full story available on Benzinga.com.

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Prosus scraps $4.7bn deal for Indian payments group BillDesk

Financial Times M&A

Investment arm of South Africa’s Naspers says certain conditions for purchase had not been met

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A Recurring Business Divorce Feature: Usurpation of Corporate Opportunity

Farrel Fritz

One of the earliest signs that a closely-held business is headed for divorce lies in how its owners treat new opportunities. When the relationship among the owners reaches a certain level of distrust, an owner presented with a potentially valuable opportunity is naturally tempted to pursue the opportunity independently, rather than through the business.

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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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The Puzzle and Persistence of Biglaw Clustering

Reynolds Holding

Elite U.S.-based global law firms (Biglaw) concentrate their offices in the costliest districts of superstar cities, especially two neighborhoods in Manhattan. This pattern has persisted despite both the dispersal of Biglaw clients across less-dense, lower-cost U.S. locations and the development of telework capacity. This suggests a puzzle: Law is among the occupations with the highest theoretical propensity for remote work , yet prior to the pandemic, Biglaw required in-person work in the prici

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Ben & Jerry's Says Unilever 'Covertly' Took TMs After Merger

Law 360 M&A

Unilever "covertly" took control of Ben & Jerry's trademarks following their merger in 2000, the ice cream giant said in an amended New York federal court complaint that seeks to block its parent from selling its products in the West Bank.

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Redpath and Company Announces 2022 Promotions

Redpath

St. Paul, Minnesota (October 3, 2022) — Certified public accounting firm Redpath and Company, Ltd. (Redpath) has promoted Jon Fortin to partner, Tony Oster and Andrew Schultz to director, and named Sarah Gengenbach Chief Operating Officer.

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Conflict Sinks Special Master Plan For Musk-Twitter Disputes

Law 360 M&A

An "unanticipated conflict" scuttled plans to appoint retired U.S. Bankruptcy Judge Christopher S. Sontchi as special master for remaining discovery disputes in Elon Musk's attempt to terminate his $44 billion deal to buy Twitter, with Delaware Chancellor Kathaleen St. J. McCormick taking on some of his anticipated duties.

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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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What to Look for in a Value Creation Advisor

Value Scout

Profits result from value. The focused process by which a company concentrates on creating value for its consumers while also profiting from increased revenues is called value creation. As a business owner, you are already burdened with numerous responsibilities. Perhaps, you can do it alone, but can you do it all while still having time for other activities (e.g., exercise, community service, and family time)?

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Catching Up With Delaware's Chancery Court

Law 360 M&A

What do drones, electric cars, eggs, chocolate and time-wasting have in common? They're all part of the news out of Delaware Chancery Court this week. And that's not even counting all the disputes between Twitter Inc. and Tesla CEO Elon Musk, which are ratcheting up as the Oct. 17 trial over the scuttled $44 billion deal approaches.

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Your Top SOX Readiness Questions Answered

Audit Board

Choosing a SOX program operating model for your business is not a decision you’ll make only once. Businesses mature, circumstances change, and needs ebb and flow. That’s why, over time, most businesses will employ a range of SOX operating models. AuditBoard and Deloitte’s new guide, The Road to SOX Readiness: A Practical Guide to Choosing an Operating Model for Your Organization , explores the four primary SOX operating models and the variables in choosing the right one for your business.

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Attys Shouldn't Assume Judicial Critique Is Protected Speech

Law 360 M&A

As it becomes more commonplace to see criticism of the judiciary in the media, licensed attorneys are well advised to remember that they may have less freedom than nonlawyers to make protected speech critical of the judiciary, says Mark Hinderks at Stinson.

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State income tax law changes for the third quarter of 2022

LaPorte

(authored by RSM US LLP) A summary of important state and local income tax updates enacted during the quarter ending Sept. 30, 2022, which may impact the computation of current and deferred tax provisions under ASC 740. The post State income tax law changes for the third quarter of 2022 first appeared on LaPorte.

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FCC Wants More Info On Tegna's $8.6B Go-Private Deal

Law 360 M&A

The Federal Communications Commission wants more information on Tegna Inc.'s $8.6 billion deal to go private with hedge fund Standard General, four months after a similar request as the agency looks into the agreement's public interest ramifications.

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ASC 740 Q3 2022 provision considerations

LaPorte

(authored by RSM US LLP) A roundup of global income tax considerations and changes in tax law for corporations preparing income tax provisions under ASC 740 for the third quarter of 2022. The post ASC 740 Q3 2022 provision considerations first appeared on LaPorte.

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Akin Gump Adds New Practice Group Leader From Kirkland

Law 360 M&A

Akin Gump Strauss Hauer & Feld LLP said Monday it has hired a former Kirkland & Ellis LLP partner to co-lead its special situations and private credit group.

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Did the Inflation Reduction Act Create a SPAC Tax?

Cooley M&A

On August 16, 2022, House Resolution 5376 , the Inflation Reduction Act (IRA), was signed into law. An August 11 Cooley client alert explains some of the tax provisions contained in the IRA, including the 1% excise tax on certain stock buybacks, which may impact special purpose acquisition companies (SPACs) at key points in their life cycle. This blog post highlights the potential application of the excise tax to SPACs.

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Why LogicBio Therapeutics Stock Is Soaring Today

Benzinga

LogicBio Therapeutics Inc (NASDAQ: LOGC ) shares are trading higher Monday after the company announced it will be acquired by AstraZeneca PLC (NASDAQ: AZN ) subsidiary Alexion for $2.07 per share. The proposed acquisition aims to accelerate Alexion's growth in genomic medicines through LogicBio's unique technology, experienced rare disease R&D team and expertise in pre-clinical development.

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Norwegian Baker Scoops Up 84% Of Ice Cream Biz Denali

Law 360 M&A

Norwegian bakery ingredients manufacturer Orkla said on Monday that it will buy an 84% stake in Denali, in a deal that values its U.S. rival at $200 million.

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Google Now Shuts Down Translate App In China, Moderna-China COVID-19 Sales Talk Collapse, Disney-Dish Temporary Accord Ends Weekend Blackout: Top Stories Monday, Oct. 03

Benzinga

Wall Street Journal. Disney Reaches Temporary Truce With Dish Network Post Weekend Blackout. TV channels owned by Walt Disney Co (NYSE: DIS ) are back on DISH Network Corp (NASDAQ: DISH ) satellite broadcasting, and streaming platforms after the two companies tentatively reached a "handshake agreement." The accord ended a weekend blackout that saw millions of Dish customers lose access to several popular Disney networks, including ESPN and ABC.

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Pipeline Health Hits Ch. 11 After Hiccup In Hospital Sale

Law 360 M&A

Pipeline Health Systems filed for Chapter 11 late Sunday in Texas bankruptcy court after a sale of its struggling Illinois facilities failed to close on time, leaving the company with a burdensome balance sheet that was worsened by the COVID-19 pandemic.

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Vodafone Confirms Potential Tie-Up With This Peer

Benzinga

After years of speculation, Vodafone Group Plc (NASDAQ: VOD ) confirmed discussions with CK Hutchison Holdings LTD (OTC: CKHUF ) about a possible combination of their U.K. businesses. The deal would involve combining Vodafone UK and Three UK, with Vodafone holding 51% and CK Hutchison owning 49% of the new unit. The U.K. Government rightly sees 5G as transformational for the economy and society and critical to the country becoming more competitive in an increasingly digital world.

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How to Handle Real Estate in a Business Sale

Midstreet Blog

If you're considering selling your company, you may also be wondering about selling its real estate.

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Incyte Acquires Villaris Therapeutics, Deepening Portfolio For Immune-Mediated Dermatologic Diseases

Benzinga

Incyte Corp (NASDAQ: INCY ) has agreed to acquire Villaris Therapeutics , an asset-centric biopharmaceutical company seeded by Medicxi and focused on developing novel antibody therapeutics for vitiligo, a condition in which the skin loses its pigment cells. Its lead asset, auremolimab (VM6), an anti-IL-15Rβ monoclonal antibody (mAb), is expected to enter clinical development in 2023.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. Edith Yeomans, FASA, passed away on Thursday, September 22, 2022. A professionally trained appraiser and an Accredited Senior Appraiser with ASA, “Edie” had over 35 years of experience in the arts in Canada, including working for a prominent art dealers’ association, arts management, and copyright licensing. She had a BA (Hon) in Art History from McMaster University and was a fine art specialist with extensive knowledge of contemporary Canadian and international art scenes.

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Shell Makes Second Investment In Malaysian Oil & Gas Within Month

Benzinga

Shell PLC (NYSE: SHEL ) announced an investment decision in Malaysia's oil and gas sector. Deal terms were not disclosed. Sabah Shell Petroleum Co, a Malaysian unit of Shell, said it would invest in Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project along with its partners. The GKGJE phase 4 development is a subsea tie-back project expected to achieve the first oil in late 2024.

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Sullivan & Cromwell Discusses What Recent SEC Insider Trading Action Portends for Rule 10b5-1

Reynolds Holding

On September 21, 2022, the Securities and Exchange Commission found that Cheetah Mobile Inc.’s Chief Executive Officer, Sheng Fu, and its former President, Ming Xu, committed insider trading in relation to securities they sold under a joint “10b5-1 plan.” In addition to paying civil penalties, they also agreed in a Cease-and-Desist Order to various undertakings, which notably includes Fu adhering to a 120-day cooling-off period for his future 10b5-1 plans.

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Myovant Sciences Rejects Sumitovant/Sumitomo Pharma Buyout Offer Of $2.5B

Benzinga

Myovant Sciences Ltd (NYSE: MYOV ) rejected a $2.5 billion takeover offer from Sumitovant Biopharma Ltd and Sumitomo Pharma Co., Ltd, saying that the offer undervalues the company. Myovant Sciences confirmed that it received a preliminary, non-binding proposal from Sumitovant Biopharma and Sumitomo Pharma Co., Ltd. to acquire the remaining shares of the Company that Sumitovant does not currently hold for a price of $22.75 per share in cash.

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