Wed.Oct 19, 2022

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2025 climate action plan – Driving portfolio companies towards net zero 2050

Harvard Corporate Governance

Posted by Carine Smith Ihenacho, Wilhelm Mohn, and Alexis Wegerich, Norges Bank , on Wednesday, October 19, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Wilhelm Mohn is Global Head of Corporate Governance, and Alexis Wegerich is Head of ESG Analytics at Norges Bank Investment Management. This post is based on their NBIM memorandum.

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IOSCO and IVSC sign cooperation agreement to advance valuation standards

IVSC

IOSCO and IVSC agree to explore best ways to promote high quality valuation practices in the public interest. Cooperation agreement follows feedback from securities regulators highlighting inconsistency in valuation quality and approach, worldwide. London, UK, 18 October 2022 – International Organization of Securities Commissions (“IOSCO”), the global standard setter for securities regulation, and the International Valuation Standards Council (“IVSC“), a global organisation responsible for sett

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Quarterly Review of Shareholder Activism – Q3 2022

Harvard Corporate Governance

Posted by Mary Ann Deignan, Rich Thomas, and Christopher Couvelier, Lazard, on Wednesday, October 19, 2022 Editor's Note: Mary Ann Deignan is Managing Director; Rich Thomas is Managing Director and Head of European Shareholder Advisory; and Christopher Couvelier is Managing Director at Lazard. This post is based on a Lazard memorandum by Ms. Deignan, Mr.

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Some Reasons to Value a Business

BVR

There are a lot of reasons as to why a business owner needs to do a valuation. Take a dive into one of these reasons with this preview from Chapter 3 of A Field Guide to Business Valuation.

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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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Social commerce: The future of how consumers interact with brands

Mckinsey and Company

Browsing and shopping directly on social media platforms is a core feature of e-commerce in China. Now, this dynamic new way of buying is poised for rapid growth in the United States.

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Elon Musk Sees Long-Term Potential In Twitter Despite 'Obviously Overpaying' For It

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said Twitter Inc (NYSE: TWTR ) is an asset that “languished” for a long time but he sees potential in it nevertheless. What Happened: Musk’s comments came at Tesla’s third-quarter earnings conference call on Wednesday. The entrepreneur said, “Myself and the other investors are obviously overpaying for Twitter right now.

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Double Upgrade For Iamgold After Rosebel Sale: These Assets Could Be Next, Analyst Says

Benzinga

Iamgold Corp. (NYSE: IAG ) sold a 95% interest in Rosebel Gold Mines N.V. to Zijin Mining of China at a price that is “well above" the carrying value of $177 million. The deal represents a significant move in addressing the funding gap for the development of the Côté Gold mine, according to Bank of America Securities. The Analyst: Lawson Winder upgraded the rating for Iamgold from.

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How does Gen Z see its place in the working world? With trepidation

Mckinsey and Company

Americans 18 to 24 years old report high rates of mental-health challenges, impediments to effective work, and worries about the future, our latest American Opportunity Survey shows.

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Aramex Snaps This Cross-border e-Commerce Enabler Platform For $265M

Benzinga

Aramex PJSC , a global provider of comprehensive logistics and transportation solutions, obtained all necessary regulatory approvals and completed the acquisition of Access USA Shipping, LLC (MyUS) , a global technology-driven platform enabling cross-border e-Commerce, for an all-cash consideration of $265 million. Abu Dhabi sovereign wealth fund ADQ holds a 22.32% stake in Aramex, transferred to ADQ-owned Abu Dhabi Ports in January, Reuters Full story available on Benzinga.com.

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How to build a unicorn: Lessons from venture capitalists and start-ups

Mckinsey and Company

New data highlights five things incumbent businesses could learn from venture capitalists and unicorns.

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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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US antitrust warnings lead to corporate board resignations

Financial Times M&A

Seven directors step down under pressure from justice department lawyers on ‘interlocking directorships’

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Associate Skills That Impress Firms In A Cooling Job Market

Law 360 M&A

With the lateral hiring market calming down and law firms no longer overlooking resume deficiencies when evaluating candidates, associates at all levels should be cognizant of the skills and attributes that make them marketable to prospective employers, says J.B. Pullias at VOYlegal.

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Excavators Market Size Worth USD 63.14 Billion, Globally, by 2026 at 4.7% CAGR

Benzinga

Pune, India, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The global Excavators Market was USD 44.12 billion in 2018. The global market size is expected to gain momentum by reaching USD 63.14 billion by 2026, exhibiting a CAGR of 4.7% during the forecast period from 2021-2026. This information is provided by Fortune Business Insights, in its report, titled, "Excavators Market, 2021-2026.".

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3D TV IP Owner Sues To Enter Del. Stream TV-SeeCubic Suit

Law 360 M&A

The holders of foundational technology patents licensed to "no-glasses" 3D TV tech company Stream TV Networks Inc. have asked to intervene in Stream TV's Delaware Chancery battle with lenders, alleging that the lenders want to take control of the tech without a license.

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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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Cooley’s M&A Insights for Q3 2022

Cooley M&A

Cooley’s M&A practice has been busy amid the typically slower summer wind down. Steaming through the third quarter, Cooley’s deal flow put us at the top of the Bloomberg, Mergermarket and Refinitiv Q3 M&A league tables. Below, we’ve rounded up key insights and notable deals that have kept our team busy this season. Did the Inflation Reduction Act Create a SPAC Tax?

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What NCAA Football Teaches Us About the Connection Between Executive Pay and Performance

Reynolds Holding

Our paper utilizes National Collegiate Athletic Association (NCAA) Football Bowl Subdivision (FBS) coaching contracts as a managerial setting to examine whether higher top-managerial pay (our Gridiron CEOs) is associated with better team performance. Coaching contracts are quite compelling as they are available for nearly all public universities. Such contracts are for fixed terms: five years on average, with some as long as ten years.

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Succession Planning – Starting the Process

Butcher Joseph & Co.

ButcherJoseph & Co.’s Carter Smith joined The EO Podcast’s Bret Keisling to deep dive into starting the succession planning process, including fou. The post Succession Planning – Starting the Process appeared first on ButcherJoseph & Co.

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U.S. housing starts continue to fall amid rate hikes

LaPorte

(authored by RSM US LLP) New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market. The post U.S. housing starts continue to fall amid rate hikes first appeared on LaPorte.

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Five Things Companies Are Doing Today to Get Ahead of Upcoming SEC Cybersecurity Rules

Audit Board

In my capacity leading Information Security at AuditBoard, I oversee product, infrastructure, and enterprise security, as well as all of the audit, compliance, and risk functions we perform internally. But one of my favorite parts of the job is getting to speak to InfoSec leaders across our customer base. Lately, I have been hearing a lot of organizations discuss their plans for tackling the cybersecurity disclosure changes coming soon from the SEC.

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Applying the percentage of completion method in M&A transactions

LaPorte

(authored by RSM US LLP) The tax treatment of contracts using the percentage of completion method in M&A transactions from the buyer and seller side. The post Applying the percentage of completion method in M&A transactions first appeared on LaPorte.

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Advisor Financing For Partial Sales and Succession Planning

Truelytics

It seems like every day there is a new story in the wealth management industry press about acquisitions. Whether it be a large firm being acquired by an even bigger firm or a story highlighting M&A trends. But, one thing that often goes overlooked according to my guests Samantha Angell (Sam) and Greg Prokott , Managing Partners at Advisor Financing is most advisors never sell their business.

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IRS releases 2023 tax inflation adjustments

LaPorte

(authored by RSM US LLP) IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code. The post IRS releases 2023 tax inflation adjustments first appeared on LaPorte.

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Regulatory Update: Amendments to FTC Safeguards Rule

Auto Dealer Valuation Insights

Over the last month, the Mercer Capital Auto Team attended several October meetings with the Tennessee Automotive Association. The featured presentation by ComplyAuto discussed the features of the Federal Trade Commission’s (“FTC”) Safeguard Rule (“Safeguards Rule” or “Rule”) and the amendments with which must be complied by early December 2022.

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Exempt organization inflation adjusted items for 2023

LaPorte

(authored by RSM US LLP) Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations. The post Exempt organization inflation adjusted items for 2023 first appeared on LaPorte.

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Here’s How Students Can Start Earning Money Risk Free with Cryptocurrency

Financial Analyst Insider

With the rising cost of tuition and other education-related expenses, it’s no surprise that student loan debt is at an all-time high. A considerable chunk. The post Here’s How Students Can Start Earning Money Risk Free with Cryptocurrency appeared first on Financial Analyst Insider.

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Update to inherited IRA rules

Henry Horne

Only a few short weeks ago I wrote a blog detailing proposed regulations passed by the IRS that seemingly contradicted other guidance they had put out. A major concern at this time was that beneficiaries of inherited IRAs had inadvertently missed taking out a required minimum distribution (“RMD”) for 2021. Now there’s been an update … Keep Reading.

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Ayala Pharmaceuticals and Advaxis Agree To Combine, Expect Uplisting On NASDAQ

Benzinga

Ayala Pharmaceuticals Inc (NASDAQ: AYLA ) and Advaxis Inc (OTC: ADXS ) have announced a merger agreement. The merger would result in a combined company focusing predominantly on developing and commercializing Ayala's lead program AL102 to treat desmoid tumors and Advaxis's candidate ADXS-504 in development for prostate cancer. Ayala's lead candidate, AL102, is currently being investigated in the Phase 2/3 RINGSIDE study in desmoid tumors.

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Canadian Enviro Biz's £590M Offer For UK Adviser Lapses

Law 360 M&A

Canadian construction consultancy WSP Global Inc. announced on Wednesday that the offer period for its £591.1 million ($664.6 million) bid for British environment and professional advisory RPS Group PLC has expired, opening the way for a higher rival bid.

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Mullen Automotive Acquires Assets Of Bankrupt ELMS

Benzinga

Mullen Automotive Inc (NASDAQ: MULN ) said the U.S. Bankruptcy Court approved its acquisition of electric vehicle company ELMS' (Electric Last Mile Solutions) assets in an all-cash purchase. Mullen will acquire ELMS' manufacturing plant, all inventory, and intellectual property. ELMS filed for bankruptcy in June. The deal will also include the factory in Mishawaka, Indiana, providing Mullen with the capability.

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Effective government grant making solutions maximize funding for citizens

Avanade

The Infrastructure Investment and Jobs Act is increasing public sector grant funding. Grant opportunities are open now, including the recently announced State and Local Cybersecurity program.

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User Friendly Home Services Announces Pair of Acquisitions

Benzinga

THE WOODLANDS, Texas, Oct. 19, 2022 (GLOBE NEWSWIRE) -- User Friendly Home Services is pleased to announce the acquisitions of AccuTemp Heating & Air Conditioning in Louisville, KY, and Efficient Air Heating and Cooling in Owensboro, KY. "At User Friendly Home Services, we've experienced nothing but great successes in the HVAC and plumbing industries.

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Swedish Consortium Sells Russian Fashion Biz For $256M

Law 360 M&A

Russian investment company Sistema PJSFC on Wednesday said it has agreed to buy nearly half of Russian fashion retailer Melon Fashion Group from Swedish real estate company Eastnine and other investors for 15.8 billion rubles ($256 million).

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SurveyMonkey Parent Momentive Global Shares Jump Premarket On Takeover Speculation

Benzinga

SurveyMonkey owner Momentive Global Inc (NASDAQ: MNTV ) explored a sale after getting takeover interest, Bloomberg reported. Momentive is working with a financial adviser. Zendesk Inc (NYSE: ZEN ) agreed to buy Momentive in. Full story available on Benzinga.com.

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Benchmark International’s Ireland Office Ranked 7th In Emea Advisory League Tables

Benchmark Report

Benchmark International is pleased to announce that it has been ranked 7 th in the top 10 by Mergermarket for the number of deals it has conducted in Ireland. KPMG, Deloitte, Goldman Sachs, and PwC are amongst the companies to also rank in the top 10. An Acuris company, Mergermarket delivers M&A intelligence, data, and research.

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