Fri.May 20, 2022

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A Tale of Two Networks: Common Ownership and Product Market Rivalry

Harvard Corporate Governance

Posted by Florian Ederer (Yale) and Bruno Pellegrino (University of Maryland), on Friday, May 20, 2022 Editor's Note: Florian Ederer is Associate Professor of Economics at the Yale University School of Management, and Bruno Pellegrino is Assistant Professor of Finance at the University of Maryland’s Smith School of Business. This post is based on their recent paper.

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The tech transformation imperative in retail

Mckinsey and Company

Organizations face an urgent need to overhaul their tech architecture and operating model to keep pace with the changing landscape. Five concrete actions can accelerate the transformation journey.

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SEC Files Fraud Complaint over False Safety Claims

Harvard Corporate Governance

Posted by Jason Halper, Mark Beardsworth, and Duncan Grieve, Cadwalader, Wickersham & Taft LLP, on Friday, May 20, 2022 Editor's Note: Jason Halper and Mark Beardsworth are partners and Duncan Grieve is special counsel at Cadwalader, Wickersham & Taft LLP. This post is based on a Cadwalader memorandum by Mr. Halper, Mr. Beardsworth, Mr. Grieve, Kevin Roberts , Sara Bussiere, and Elizabeth Moore.

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Author Talks: Make anxiety your ally

Mckinsey and Company

How can we reclaim our relationship with anxiety, so it works for, and not against, us?

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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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How to Step Outside Your Tax-Focused Box

Accounting Web

Growth How to Step Outside Your Tax-Focused Box.

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Anti-money-laundering innovations and evolving financial crime risks: The future of compliance

Mckinsey and Company

Geopolitical strife and digital assets are among the new risks compliance organizations must fight. Emerging technologies can help.

More Trending

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A new era of US infrastructure grants

Mckinsey and Company

The Bipartisan Infrastructure Law introduces a new level of funding considerations for state and local governments. States with high ambitions are already in the thick of it—what now?

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Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces

NYT M&A

Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.

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Applying transformation practices to business building and sustainability: A conversation with Seth Goldstrom

Mckinsey and Company

Tried-and-true transformation methodologies are being increasingly applied to new topics outside of traditional performance improvement efforts. McKinsey senior partner Seth Goldstrom talks about the influence of transformation approaches in two areas: business building and reaching sustainability goals.

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Proposal to Eliminate the VA Fee Panel

Appraisers Blog

VA Fee Panel – The Appraisal Institute does not believe that a move to a lender select program, such as those found in the conventional or FHA mortgage markets, would improve timeliness, nor would it be in the best interests of veterans. On May 18, the Subcommittee on Economic Opportunity held a legislative hearing on the Discussion Draft of H.R. 7735, Improving Access to the VA Home Loan Act of 2022.

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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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Elon Musk, Chaos Monkey

NYT M&A

The billionaire’s increasingly erratic behavior on Twitter distracts from the terrible math behind his bid to buy it.

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Ei.Ventures And Mycotopia To Merge Into New Psychedelic Mushroom Company

Benzinga

Two companies in the psychedelics space have signed a definitive agreement to merge. Mycotopia Therapies Inc. (OTCPink: TPIA ) and Ei.Ventures Inc. have executed a previously-announced agreement by which they’ll give birth to a new entity called PSLY.com , which will become the parent company for both. Both companies are are working on research, development and commercialziation of naturally-produced psychedelics like psilocybin mushrooms.

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Even Among Corporate Raiders, Elon Musk Is a Pirate

NYT M&A

The world of deal making has always been rough and tumble. But Mr. Musk blows any predecessors away.

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Hannover Messe 2022 - Digitizing manufacturing for a sustainable future

Avanade

Avanade and Accenture are at the Microsoft booth (Hall 4 – Stand E34), 2022 Hannover Messe event, with experts and demos showcasing industry cloud solutions in the Build More Agile Factories Zone.

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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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M&C Saatchi agrees £310mn takeover by Next Fifteen

Financial Times M&A

Deal comes after UK ad agency rejects lower offer from largest shareholder

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How Inflation Could Affect Your Financial Statements

Machen McChesney

Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) covers the prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living.

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Irwin Naturals Completes Acquisition Of Ketamine Health Centers

Benzinga

Irwin Naturals (OTCQB: IWINF) (FRA:97X) has completed the acquisition of KHC Capital Group, LLC. following the April acquisition agreement with KHC Capital and related entities (Ketamine Health Centers), which owns a chain of five ketamine treatment clinics in Florida with an additional partnership contract with an affiliate clinic in Mexico. "Our roll-up strategy of clinics is highly accretive, enabling us to fuel rapid growth of revenues and profitability.

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THG: higher entry prices sought from bidders

Financial Times M&A

Aware of the prevailing winds, THG has set out steps to enhance value both operationally and in corporate governance

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Genius Group Enhances Entrepreneurial Education Offering - Read How

Benzinga

Genius Group Limited (NYSE: GNS ) has acquired E-Squared Education Enterprises , a South Africa-based school and vocational college. The financial terms were not disclosed. E-Squared, situated in Nelson Mandela Bay, offers primary, secondary, and tertiary education to children and young adults from. Full story available on Benzinga.com.

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THG shares soar amid prospect of bidding war for online retailer

The Guardian M&A

Firm has had three recent takeover approaches, while property tycoon Nick Candy may also make move Property tycoon Nick Candy considering bid to take over THG Shares in THG soared by a quarter on Friday as investors cheered the prospect of a multibillion-pound bidding war for the online retailer, including a possible offer from property tycoon Nick Candy.

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How Can A Buyer Claw Back Purchase Price?

Benchmark Report

Sellers often focus on the purchase price when considering a sale. Most sellers aim to maximize the proceeds realized through the sale of their business. This mindset makes total sense. They are monetizing their life’s work. Many have lived frugally, diverting money into rather than out of business. As such, the sale of the company truly is the time to monetize a lifetime of effort.

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Ninth Circuit Holds Data Scraping is Legal in hiQ vs LinkedIn

Mogin Rubin M&A

The Ninth Circuit Court of Appeals has, yet again, held that data scraping public websites is not unlawful.

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Naspers to sell Russia’s biggest online classifieds business Avito

Financial Times M&A

Ukrainian officials allege site hosted ads for Russian military recruitment and goods looted in war

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Proactive Auditing or Embedded Assurance

Norman Marks

When I saw that Protiviti had published an article with the title What Is Embedded Assurance — and How Can It Benefit Enterprise Projects?, I was intrigued. What exactly is “embedded assurance”? I expected something along the lines of the new-fangled concept of ‘combined assurance’, which is really not new at all! In 2009, the […].

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THG shares jump 25% but fail to hit price of rejected bid

Financial Times M&A

Bidders circling online beauty retailer have no history of buying large companies

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New Virginia Law Affects Taxation of Pass-Through Entities

Gross Mendelsohn

A new Virginia law allows the owners of a pass-through entity (PTE) to shift their income tax burden generated from the PTE away from them personally and instead to the PTE itself.

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Investcorp out of race to buy AC Milan after talks with Elliott collapse

Financial Times M&A

Rival bidder RedBird the lead contender to acquire Serie A’s top football club

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Chancery OKs Limited Investor Probe Of Musk's Twitter Deal

Law 360 M&A

Investors who challenged Elon Musk's proposed $44 billion takeover of social media giant Twitter Inc. won limited Delaware Chancery Court approval Friday to probe allegations that Musk's plan should require a supermajority vote of non-affiliated stockholders.

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M&C Saatchi accepts £310m takeover by Next Fifteen

The Guardian M&A

Ad agency agrees deal after rejecting four offers by deputy chair Vin Murria’s investment vehicle Digital marketing group Next Fifteen has struck a £310m deal to buy M&C Saatchi, gazumping tech entrepreneur Vin Murria’s attempt to buy the ad agency. London-listed Next Fifteen, which has a £1.2bn market valuation, has tabled a cash and share offer for M&C Saatchi that it aims to seal through a scheme of arrangement.

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Have Reserve Reports Been Relegated To Investor Footnotes?

Auto Dealer Valuation Insights

In the early part of my career, I vividly recall first learning about what was then arguably the most important document that an upstream company produced – the reserve report. Full of pertinent information, the reserve report struck at the heart of an oil and gas company’s economic relevance. The now discontinued Oil and Gas Financial Journal once described reserves as “a measurable value of a.

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How Inflation Could Affect Your Financial Statements

Machen McChesney

Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) covers the prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living.

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Curaleaf Accused Of Pressing Ailing Pot Co. Into Sale

Law 360 M&A

The founder of a Portland CBD startup, who is facing allegations that he coaxed investors into funding more than $60 million based on misleading information, hit back with $516 million in counterclaims, alleging some of the plaintiffs took over board seats and "enriched themselves" at the expense of the startup and a related company.

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What Can We Make of All This Turnover in the RIA Space?

Auto Dealer Valuation Insights

You’re not the only one dealing with turnover. The pandemic spawned the Great Resignation, and rising inflation means there’s probably a better salary (or signing bonus) out there for anyone that’s looking. The ensuing talent war has created more industry turnover than the end of broker protocol in 2017, and RIA principals are having to invest more time and resources into recruitment and retention.

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Feds Want SEC And FTC Cases Coordinated At High Court

Law 360 M&A

The government asked the U.S. Supreme Court to coordinate briefing schedules for a pair of cases seeking to challenge the constitutionality of the Federal Trade Commission and U.S. Securities and Exchange Commission, but it said the cases should be argued separately.

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