Mon.Aug 08, 2022

Does ESG Negative Screening Work?

Harvard Corporate Governance

Posted by Robert Eccles (Oxford University), Shivaram Rajgopal (Columbia University), and Jing Xie (Hong Kong Polytechnic University), on Monday, August 8, 2022 Editor's Note: Robert Eccles is Visiting Professor of Management Practice at Oxford University Said Business School; Shivaram Rajgopal is Roy Bernard Kester and T.W.

Viking Intern Returns to App State With Valuable Experience

Viking Mergers

We were extremely fortunate to have Conrad Nelsen spend three months with the Viking Mergers & Acquisitions team in Charlotte, NC. Conrad was our Spring 2020 recipient of the Viking Entrepreneur Endorsement Scholarship.

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SEC Reverses Aspects of Proxy Voting Advice Regulations

Harvard Corporate Governance

Posted by Marc Treviño and Bob Downes, Sullivan & Cromwell LLP, on Monday, August 8, 2022 Editor's Note: Marc Treviño and Bob Downes are partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Mr. Treviño, Mr. Downes, Aaron Levine , Natasha Rygnestad-Stahl, and Jordan Voccola. Summary.

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The private equity club: how corporate raiders became teams of rivals

Financial Times M&A

The industry was founded by mercenary dealmakers who bludgeoned opponents. But firms now nurture complex relationships with their competitors

Welcoming the Universal Proxy

Harvard Corporate Governance

Posted by Kai Liekefett, Derek Zaba, and Leonard Wood, Sidley Austin LLP, on Monday, August 8, 2022 Editor's Note: Kai Liekefett and Derek Zaba are partners and Leonard Wood is senior managing associate at Sidley Austin LLP. This post is based on an Ethical Boardroom publication. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst.

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ExxonMobil completes exit from Niger Delta with $1.3bn deal

Financial Times M&A

Seplat Energy will acquire the four oilfields as big international groups withdraw from the area

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How External Confirmations Are Used During an Audit

Machen McChesney

Auditors commonly use confirmations to verify such items as cash, accounts receivable, accounts payable, employee benefit plans, and pending litigation. Under U.S.

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More Trending

BHP/OZ Minerals: bolt-on buy would have a copper-bottomed rationale

Financial Times M&A

Board has rejected cash bid as opportunistic but deal would reduce risk for investors

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Organizational Performance in Business

Rhythm Systems Growth

Organizational performance is an essential aspect of any business. Being a growing business is great for attracting and keeping talented employees. It affects how well companies perform and whether they can compete in their industries.

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Axios to be sold to Cox Enterprises as legacy media pursue start-ups

Financial Times M&A

$525mn purchase of politics and business publisher follows dealmaking wave for digital news groups

Product development in the era of digital transformation and sustainability

McKinsey Public & Social Sector Insights

Because of digital and sustainability trends, R&D organizations are facing an increasingly complex landscape. Developing the necessary organizational structures and capabilities is urgent. Digital Insights Digital

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Oz Minerals rebuffs BHP’s $5.8bn offer

Financial Times M&A

Miner’s board says BHP’s bid ‘significantly’ undervalues company

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Electric vehicles: The next growth engine in chemicals

McKinsey Public & Social Sector Insights

A paradigm shift in automotive purchasing linked to the electric-vehicle transition is creating a major growth opportunity for chemical companies. Chemicals Insights Chemicals

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What Are They Lobbying For?

Appraisers Blog

TAF spent $1.4

Amazon Said To Be In Talks To Buy Indian Logistics Unicorn For Up To $600M

Benzinga

E-commerce giant Amazon.com, Inc. NASDAQ: AMZN ) is in talks to acquire over 51% stake in logistics firm Ecom Express Ltd for $500 million-$600 million, India's Mint newspaper reported, citing sources.

Nordson Corporation Announces Agreement to Acquire CyberOptics Corporation, Expanding Its Semiconductor Test and Inspection Capabilities

Business Wire M&A

WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation announces agreement to acquire CyberOptics Corporation, expanding its semiconductor test and inspection capabilities

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Cox Buys Latham-Led Axios Media For Reported $525M

Law 360 M&A

Cox Enterprises Inc. will purchase Latham & Watkins LLP-advised Axios Media Inc. for a reported $525 million, in a deal that will help the digital news company expand into more local markets, the companies said Monday

Seacoast Announces Agreement to Acquire Professional Holding Corp.

Business Wire M&A

STUART, Fla.--(BUSINESS BUSINESS WIRE)--Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), and Professional Holding Corp.

Axios to Sell Itself to Cox Enterprises for $525 Million

NYT M&A

The digital media company’s founders, Jim VandeHei, Mike Allen and Roy Schwartz, will continue to run the company. News and News Media Mergers, Acquisitions and Divestitures Cox Enterprises Inc Axios Media Inc Allen, Michael (1964- ) VandeHei, Jim

Pfizer to Acquire Global Blood Therapeutics for $5.4 Billion to Enhance Presence in Rare Hematology

Business Wire M&A

NEW YORK & SOUTH SAN FRANCISCO, Calif.--(BUSINESS BUSINESS WIRE)--Pfizer Inc. NYSE: PFE) and Global Blood Therapeutics, Inc.

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Elon Musk Dares Twitter's Parag Agrawal, Climate Bill Scrapes Through, Fed Official Steps Up Hawkish Rhetoric And More: 5 Key Stories You May Have Missed From This Weekend

Benzinga

The weekend that went past had its fair share of action, with Washington lawmakers keeping companies and investors on tenterhooks regarding the Senate clearance of the climate bill before finally approving it.

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Avalara to be Acquired by Vista Equity Partners for $8.4 Billion

Business Wire M&A

SEATTLE--(BUSINESS WIRE)--Avalara, Inc.

Veolia To Sell Suez UK For €2.4B To Quell Antitrust Concerns

Law 360 M&A

Veolia said Monday that it will sell Suez's waste management business in the U.K. to Australian financial services group Macquarie for €2.4 billion ($2.5 billion), as the French utility giant seeks to resolve long-running antitrust concerns

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Netsmart Announces the Skilled Nursing Industry’s Only Data Analytics Solution with a Complete View of Claims, MDS and Staffing

Business Wire M&A

OVERLAND PARK, Kan.--(BUSINESS BUSINESS WIRE)-- #DataAnalytics--Netsmart acquires CORE Analytics, the industry-leading skilled nursing facility (SNF) claims data analytics solution from Zimmet Healthcare

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The McKinsey Crossword: National Book Lovers Day | No. 88

McKinsey Public & Social Sector Insights

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find.

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Cushman & Wakefield Acquires Logistics & Industrial Consultancy Burbage Realty Partners Limited

Business Wire M&A

LONDON--(BUSINESS WIRE)-- #CRE--Cushman & Wakefield has acquired specialist UK logistics and industrial consultancy Burbage Realty Partners Limited

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How Common Are Negative First-Day IPO Returns?

Reynolds Holding

Investors generally expect companies to make a successful and profitable debut on the stock market with their initial public offering (IPO). However, some stock market launches fall short: The price of shares in Deliveroo’s $2.8

S&S Truck Parts LLC Announces Merger With Midwest Truck & Auto Parts Inc., Creating Best-In-Class Aftermarket Parts Distributor

Business Wire M&A

SCHAUMBURG, Ill. MERRILLVILLE, Ind.--(BUSINESS BUSINESS WIRE)--S&S Truck Parts LLC (“S&S”) and Midwest Truck & Auto Parts Inc.

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Lease Standard ASC 842 Implementation Solutions

Meade & Moore

After many years of deferral, the FASB is finally requiring the adoption of Accountin g Lease Standard No. 2016-12, Topic 842, Leases. The new standard is required to be implemented for fiscal years beginning after December 15, 2021 (if your year end is December 31, 2022 – this means you

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Generation Mining Acquires Mills for Marathon Palladium Copper Project

Business Wire M&A

TORONTO--(BUSINESS WIRE) - $GENM #copper--Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) announces that its wholly-owned subsidiary, Generation PGM Inc. (“Gen

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July – August Issue of the Deal Lawyers Newsletter

John Jenkins

The July-August Issue of the Deal Lawyers print newsletter was just posted and sent to the printer. This month’s issue includes the following articles: – Universal Proxy: What Companies Need to Know in ‘Year Zero’ – How Continuous Voting with UPC Will Change Proxy Contests – The Deal Closed – Now What? Practical Considerations of Sponsors and Management […

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HighGold Expands Timmins Land Position by 25% and Provides Ontario Exploration Update

Business Wire M&A

VANCOUVER, British Columbia--(BUSINESS WIRE) - $HIGHV #HighGoldMining--HighGold Mining Inc. TSX-V: HIGH, OTCQX: HGGOF) (“HighGold” or the “Company”) is pleased to announce the expansion of the Company’s Timmins regional land holdings and to provide an exploration update on the Timmins properties.

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Payroll employment returns to pre-pandemic levels

LaPorte

(authored by RSM US LLP) The U.S. unemployment rate now stands at 3.458%, the lowest rate in 50 years and one that many of us will most likely not observe again in our career arcs. The post Payroll employment returns to pre-pandemic levels first appeared on LaPorte. Economic Insights

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These Loafers Are Made for Walkin’

Auto Dealer Valuation Insights

Last week, Tod’s – the Italian maker of luxury shoes – announced plans by the founding Della Valle family to take the company private.

A quick guide to seed funding for startups

Vested

As a startup founder, you may be wondering what seed funding is and how it can benefit your business. Startup Fundraising

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Organizational Performance in Business

Rhythm Systems Growth

Organizational performance is an essential aspect of any business. Being a growing business is great for attracting and keeping talented employees. It affects how well companies perform and whether they can compete in their industries.

52

Veolia to sell Suez’s UK waste business for €2.4bn

Financial Times M&A

Disposal agreed to appease competition watchdog following hard-fought takeover battle

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