Wed.Apr 20, 2022

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The DCF Valuation Methodology is Untestable

Harvard Corporate Governance

Posted by J.B. Heaton, One Hat Research LLC, on Wednesday, April 20, 2022 Editor's Note: J.B. Heaton is a managing member of One Hat Research LLC. The goal of discounted cash flow (DCF) valuation analysis is to answer the question, “What is this asset worth?” as in, what is the price that a rational person would be willing to pay for this asset in a competitive asset market.

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Hybrid work: Making it fit with your diversity, equity, and inclusion strategy

Mckinsey and Company

New research details what empowered employees love about hybrid work models and the risks to diversity, equity, and inclusion if managers get the evolving flexible workplace wrong.

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CEOs and Sustainability

Harvard Corporate Governance

Posted by Kurt Harrison and Emily Meneer, Russell Reynolds Associates, on Wednesday, April 20, 2022 Editor's Note: Kurt Harrison is co-head of the Global Sustainability Practice and Emily Meneer is a Global Knowledge Leader at Russell Reynolds Associates. This post is based on a publication in BRINK. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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Civil Rights Leader Urges Twitter To Reject Elon Musk's Takeover Offer: What You Need To Know

Benzinga

The head of one of the nation’s most prominent civil rights organizations has called on Twitter’s (NYSE: TWTR ) to reject Elon Musk’s proposed takeover bid. What Happened: Marc H. Morial , president and CEO of the National Urban League , sent a letter to Bret Taylor , Twitter’s independent board chairman, warning about the “potentially harmful implications” within Musk’s proposals to eliminate the platform’s terms of service standards in pursuit of

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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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Delegated Gender Diversity

Harvard Corporate Governance

Posted by Hao Liang (Singapore Management University) and Cara Vansteenkiste (UNSW Business School), on Wednesday, April 20, 2022 Editor's Note: Hao Liang is Associate Professor of Finance at Singapore Management University and Cara Vansteenkiste is a lecturer at the University of New South Wales Business School. This post is based on their recent paper.

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KKR Led Consortium Offers To Buy Australia's Largest Private Hospital Operator: WSJ

Benzinga

Wall Street Journal reported that a KKR & Co Inc (NYSE: KKR )-led consortium offered to buy Australian hospital operator Ramsay Health Care Ltd (OTC: RMSYF ) (OTC: RMYHY ) for roughly $14.9 billion. Ramsay is Australia’s largest private hospital operator and operates in the U.K., France, Scandinavia, Malaysia, and Indonesia. In Australia’s private hospital sector, Ramsay has 28% of beds, double the market.

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EXCLUSIVE: Grove Acquires Controlling Stake In Amazon Seller Cygnet

Benzinga

Grove Inc (NASDAQ: GRVI ) said its wholly-owned Amazon brand aggregator, Upexi, has acquired a controlling interest in Cygnet Online LLC, an Amazon and eCommerce seller. The deal is expected to expand Cygnet’s product offerings through Grove distributors and partnerships. Cygnet, a secondary market seller. Full story available on Benzinga.com.

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E-commerce Is Booming – What Does That Mean for Me as a Seller?

FE International

2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. There are still several places on lockdown, and much of the world faces restrictions, forcing both businesses and consumers to adjust accordingly. A big benefactor of these global challenges has been the e-commerce industry. Business owners have always had to be conscious of both macro- and micro-economic factors when planning.

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SoftBank Robotics Invests In Hong Kong Startup Avalon SteriTech: Bloomberg

Benzinga

SoftBank Group Corp's (OTC: SFTBY ) (OTC: SFTBF ) robotics arm has agreed to buy a minority stake in cleaning technology startup Avalon SteriTech Ltd, Bloomberg reports. SoftBank Robotics looks to acquire a 5%. Full story available on Benzinga.com.

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Bias. It’s Easier to Blame the Messenger

Appraisers Blog

No one wants to be the messenger… Appraisers are messengers. Why is their message so despicable? So biased? The messenger. Psychology research easily points out our tendency to dislike the bearer of bad news. It’s also intuitive. Bad news messengers do not smile when they bring the news. Sometimes they even look guilty. We humans can be really basic.

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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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Weeding Out the Bad Actors: The Dangers of Marijuana Banking

N Contracts

Entering into a new business is risky—and bankers will tell you that not every business is worth the risk. There are some ideas that are so high risk and fraught with unknowns that finding a way to make them workable is to attempt the impossible.

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Forward Thinking on the growing role of business in the net-zero transition with Claire O’Neill

Mckinsey and Company

The former British politician who led the United Kingdom’s winning bid to host COP26 is now focused on coordinating an effective business contribution to the net-zero transition. She sees momentum building. “CEOs left COP saying, ‘We get it. Net zero is the thing we have to do.’”.

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Safety and durability come first with assisted reality for field service

Avanade

Frontline worker safety and efficiency improves from the use of Resco inspections with the RealWear hands-free device.

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Space around the globe

Mckinsey and Company

The United States remains the epicenter of space activity, but many more countries are getting involved and increasing their investments.

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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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Private equity’s new power play: the twice-leveraged buyout

Financial Times M&A

Plus, the powerful government officials standing between Toshiba and Japan’s largest buyout, and Just Eat considers selling Grubhub less than two years after buying it

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Benchmark International Successfully Facilitated the Transaction Between VAI Architects Incorporated and HED

Benchmark Report

Benchmark International successfully facilitated the transaction of an award-winning, Dallas-based architectural firm offering a wide range of planning and design services. 'VAI Architects Incorporated (VAI) primarily works on public infrastructure projects for the transportation, government, education, healthcare, and religious sectors. With over 35 years of experience in the greater Dallas-Ft.

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Loeb & Loeb Pilots Tech-Focused SPAC's $100M Upsized IPO

Law 360 M&A

Yotta Acquisition Corp., a Loeb & Loeb LLP-led special-purpose acquisition vehicle targeting a number of technology industries, kicked off trading Wednesday after raising $100 million in an upsized initial public offering, as two other blank-check companies pulled out of their floats.

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Twitter gives Elon Musk a bitter pill to swallow

Financial Times M&A

The platform fends off hostile bid with an effective but unpalatable step

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Embracing ESG: Uber Counsel Talks Safety Standards

Law 360 M&A

Katie Waitzman at Uber discusses how in-house counsel can use environmental, social and corporate governance principles to bridge risk and innovation, as exemplified by the company’s recent women’s safety initiatives.

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Seizing green business growth for Asia’s energy players

Mckinsey and Company

Globally, sustainable energy and low-carbon solutions top national and corporate agendas. For regional energy players, the time to commit to new, planet-friendly ventures is now.

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German Review Of Meta Deal Signals Greater Involvement

Law 360 M&A

The German Federal Cartel Office's recent involvement in Meta's Kustomer acquisition signals the likelihood of more independent FCO reviews for target companies that process data of German end users, even in absence of a direct business relationship with these end users, say Daniel Wiedmann and Daniel Hoppen at Poellath.

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The Top 5 Business Valuation Companies in The U.S.

Midstreet Blog

Once you learn what a valuation is , and that you should get one before you go to sell your business, you will probably ask “Where can I get a valuation done?”. Great question. Brokers, merger & acquisition (M&A) advisors, appraisers, and valuation specialists usually perform business valuations.

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$12M Note Came Due At Dura Medic Sale, Del. Chancery Says

Law 360 M&A

The buyers of medical equipment provider Dura Medic Inc. failed to make good on a $12 million promissory note that came due when the company was sold and are now liable to the sellers for no less than $14 million, a Delaware Chancery Court vice chancellor said in a bench ruling Wednesday.

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Working Capital: Why It’s Vital in Business Value and Exit

Quantive

Key Takeaways: Working capital, or lack thereof, can significantly impact a firm’s valuation, selling price, and M&A deal terms. Effectively managing a firm’s working capital can increase the seller’s exit price. Buyers and sellers often overlook working capital when considering a potential M&A transaction.

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DOJ Charges Israeli Corporate Atty With Securities Fraud

Law 360 M&A

The U.S. Department of Justice unsealed an indictment Wednesday charging an Israeli citizen and corporate lawyer with securities fraud, claiming he reaped $1.2 million in illicit trading gains through inside information he learned about the 2018 acquisition of energy company U.S. Geothermal Inc.

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Quantive Advises CORTEK on Sale

Quantive

Quantive is pleased to announce the sale of CORTEK to EM Key Solutions. Quantive represented CORTEK in this transaction. St. Petersburg, FL-based EM Key Solutions announced the acquisition of CORTEK, Inc., a Fredericksburg, VA-based provider of mission support services to the federal government. Under terms of the stock purchase agreement with DecisionPoint Corporation, CORTEK becomes […].

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COVID changes to HSAs

Henry Horne

A Health Savings Account (HSA) is a type of account where money is set aside on a pre-tax basis to pay for qualified medical expenses. It is no surprise that COVID had significant impacts on the tax community. The Coronavirus Aid, Relief and Economic Security Act (CARES) made critical changes to HSAs. Here are some … Keep Reading. The post COVID changes to HSAs appeared first on Henry+Horne.

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Petrochemicals Market to Reach USD 888.3 Billion by 2028 | Global Petrochemicals Industry Register a CAGR of 6.2%

Benzinga

Pune, India, April 20, 2022 (GLOBE NEWSWIRE) -- The petrochemicals market size was USD 371.9 billion in 2020. The market size is expected to rise from USD 582.4 billion in 2021 to USD 888.3 billion by 2028 at a CAGR of 6.2% during the forecast period. The global market is expected to rise during the projected period due to increasing environmental concerns by manufacturers in the market.

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FCF Life Sciences Venture Capital Monitor – Europe 03/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 03/2022”. The Monitor is a monthly published overview of venture capital trends in the European Life. Read more. The post FCF Life Sciences Venture Capital Monitor – Europe 03/2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Power Tools Market Worth USD 35.13 Billion by 2029 | Power Tools Industry Exhibiting CAGR of 4.0% During 2022-2029

Benzinga

Pune, India, April 20, 2022 (GLOBE NEWSWIRE) -- The global Power Tools Market size stood at USD 25.87 Billion in 2021. The market is anticipated to rise from USD 26.61 billion in 2022 to USD 35.13 Billion by 2029 at a 4.0% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, " Power Tools Market , 2022-2029.".

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KKR-Led Group Lobs $14.8B Bid At Australia's Ramsay Health

Law 360 M&A

Ramsay Health Care, guided by Herbert Smith Freehills, said Wednesday it has received a takeover proposal from a group led by private equity giant KKR that values the Australian health care provider at roughly A$20.05 billion ($14.8 billion).

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Organic Cotton Market Size to Reach USD 6,730.9 Million by 2028 | Global Organic Cotton Industry Register a CAGR of 40.0%

Benzinga

Pune India, April 20, 2022 (GLOBE NEWSWIRE) -- The organic cotton market size is predicted to reach USD 6,730.9 million by 2028 and exhibit a CAGR of 40.0% during the 2021-2028 period. The market was valued at USD 518.7 million in 2020 and USD 637.1 million in 2021. Fortune Business Insights TM has presented this information in its report titled, "Organic Cotton Market, 2021-2028".

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10 Ways Business Valuation Helps Your Clients Make Better Financial Decisions

Biz Equity

When we ask business owners how much their businesses are worth, responses range from a noncommittal shrug to “I haven’t given it much thought,” to a broad, general guess.

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Global Carbomer Market to Reach USD 1,022.9 Million by 2028 | Carbomer Industry CAGR of 5.8%

Benzinga

Pune, April 20, 2022 (GLOBE NEWSWIRE) -- The global carbomer market size is predicted to reach USD 1,022.9 million by 2028 and exhibit a CAGR of 5.8% during the projected period. Fortune Business Insights TM has presented this information in its report titled, "Global Carbomer Market, 2021-2028". List of Key Market Players: Lubrizol (U.S.). Tinci Materials (China).