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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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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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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Weekly Roundup: May 13 – 19, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 20, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May13-19, 2022. Engaging with Vanguard. Posted by Allie Rutherford, PJT Camberview, on Friday, May 13, 2022. Tags: Asset management , Boards of Directors , Engagement , ESG , Executive Compensation , Index funds , Institutional Investors , Shareholder activism , Shareholder proposals , Sharehold

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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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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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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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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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A Follow up on Inflation: The Disparate Effects on Company Values!

Musings on Markets

In my last post , I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes, and tracing out the consequences for equity values, in the aggregate. In general, higher and more volatile inflation has negative effects on all financial assets, from stocks to corporate bonds to treasury bonds, and neutral to positive effects on gold, collectibles and real assets.

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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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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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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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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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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.

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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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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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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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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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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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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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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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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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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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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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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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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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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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How to Step Outside Your Tax-Focused Box

Accounting Web

Growth How to Step Outside Your Tax-Focused Box.

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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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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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Zymeworks Turns Down All Blue's Hostile Bid

Benzinga

Zymeworks Inc's (NYSE: ZYME ) board has officially turned down an unsolicited, opportunistic, non-binding proposal from an activist shareholder, All Blue Falcons. The company rejected the buyout at $10.50 per share. All Blue's bid "significantly undervalues its prospects related to the company's long-term business strategy and potential commercial opportunities.

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Norway Fund Drops €677M For 50% Stake In Berlin Property

Law 360 M&A

Norway's sovereign wealth fund said Friday it will snap up a 50% stake in an eight-building Berlin complex composed of offices, retail and residential space for €677 million ($715.8 million).

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