Harvard Corporate Governance

OCTOBER 3, 2022

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

Banking 230

Banking Finance Marketability 230

Viking Mergers

OCTOBER 3, 2022

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.

Finance 130

Finance Business Valuation Banking Equity 130

Harvard Corporate Governance

OCTOBER 3, 2022

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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Mckinsey and Company

OCTOBER 3, 2022

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

Marketability 129

Marketability 129

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.

Marketability

Appraiser Newsroom

OCTOBER 3, 2022

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.

Appraisal 104

Appraisal Marketability Business Valuation Technology 104

Rhythm Systems

OCTOBER 3, 2022

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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Farrel Fritz

OCTOBER 3, 2022

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.

Equity 89

Equity Technology 89

Mckinsey and Company

OCTOBER 3, 2022

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

Technology 77

Technology 77

Financial Times M&A

OCTOBER 3, 2022

Vodafone has been under pressure from activist investors to change strategy and improve returns

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Law 360 M&A

OCTOBER 3, 2022

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.

Banking 75

Banking 75

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

Corporate Finance

Financial Times M&A

OCTOBER 3, 2022

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

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Law 360 M&A

OCTOBER 3, 2022

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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Redpath

OCTOBER 3, 2022

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.

Accounting Firms 52

Accounting Firms 52

Law 360 M&A

OCTOBER 3, 2022

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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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.

Marketability

Value Scout

OCTOBER 3, 2022

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)?

Marketability 52

Marketability Technology 52

Law 360 M&A

OCTOBER 3, 2022

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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LaPorte

OCTOBER 3, 2022

(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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Law 360 M&A

OCTOBER 3, 2022

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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LaPorte

OCTOBER 3, 2022

(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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Cooley M&A

OCTOBER 3, 2022

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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Benzinga

OCTOBER 3, 2022

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.

Technology 52

Technology 52

Law 360 M&A

OCTOBER 3, 2022

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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Benzinga

OCTOBER 3, 2022

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.

Technology 52

Technology Marketability 52

Appraiser Newsroom

OCTOBER 3, 2022

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.

Appraisal 52

Appraisal 52

Benzinga

OCTOBER 3, 2022

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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Law 360 M&A

OCTOBER 3, 2022

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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Benzinga

OCTOBER 3, 2022

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.

Beta 52

Beta 52

Law 360 M&A

OCTOBER 3, 2022

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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Benzinga

OCTOBER 3, 2022

Pune, India, Oct. 03, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the global feminine hygiene products market size is projected to reach USD 54.52 billion by 2028 from USD 38.18 billion in 2021 and exhibit a CAGR of 5.22% during the forecast period. The increasing awareness for hygiene maintenance during menstruation and the growing menstrual literacy rate is anticipated to boost the market growth.

Marketability 52

Marketability 52

Midstreet Blog

OCTOBER 3, 2022

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

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Benzinga

OCTOBER 3, 2022

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.

Marketability 52

Marketability 52

Law 360 M&A

OCTOBER 3, 2022

An attorney for the founder of business information tech company Syntel Inc. told the Delaware Chancery Court on Monday that the company met its disclosure duties when it was sold in 2018 for $3.4 billion to a company later hit with a Syntel-related $576 million infringement judgment.

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Benzinga

OCTOBER 3, 2022

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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Law 360 M&A

OCTOBER 3, 2022

Stock in Swiss-based Myovant Sciences Ltd. jumped nearly 37% Monday after the biopharmaceutical company announced it had rejected as too low a $2.5 billion enterprise value offer from Japanese company and majority shareholder Sumitovant Biopharma Ltd.

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Enterprise Value 40