Tue.Jan 10, 2023

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Sustainable finance: The road so far and a look ahead

Harvard Corporate Governance

Posted by Charles McConnell, Xuan Jin, White & Case LLP, on Tuesday, January 10, 2023 Editor's Note: Charles McConnell is a Partner and Xuan Jin is Counsel at White & Case LLP. This post is based on their White & Case memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver to All Stakeholders?

Finance 189
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Innovation: Your solution for weathering uncertainty

Mckinsey and Company

When the times get tough, the tough get innovative and create paths to future growth.

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Trending Sources

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Do Companies Redact Material Information From Confidential SEC Filings? Evidence From the FAST Act

Harvard Corporate Governance

Posted by Anne Thompson (University of Illinois), Oktay Urcan (University of Illinois), and Hayoung Yoon (Southern Methodist University), on Tuesday, January 10, 2023 Editor's Note: Anne Thompson is an Associate Professor of Accountancy and Oktay Urcan is a Professor of Accountancy at the University of Illinois Gies College of Business. Hayoung Yoon is an Assistant Professor of Accounting at Southern Methodist University Cox School of Business.

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Unlocking the full potential in fashion for Black consumers

Mckinsey and Company

Fashion brands can forge stronger connections with this segment by pursuing four strategies.

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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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BioNTech buys UK AI start-up InstaDeep in £562mn deal

Financial Times M&A

Covid-19 vaccine maker is looking to use machine learning to help discover new treatments

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How sterile pharma manufacturers can grow capacity without capital investment

Mckinsey and Company

The world will need more sterile products than manufacturers have or can build capacity for. But they can create capacity and take market share by running higher volumes through their existing lines.

More Trending

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The McKinsey Crossword: Young ’Uns | No. 110

Mckinsey and Company

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. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Coinbase Discloses Restructuring Plan Amid Macro Headwinds, Pfizer Rebuts Generic Version Of COVID-19 Oral Treatment In China, Microsoft Mulls $10B Investment In ChatGPT Owner: Today's Top Stories

Benzinga

Benzinga. Coinbase Bows Down To Macro Headwinds, To Let Go Of 950 Employees. Coinbase Global, Inc (NASDAQ: COIN ) disclosed a restructuring plan letting go of 950 employees, helping it reduce its operating expenses by 25% amid the crypto meltdown. Coinbase looks to incur $149 million - $163 million in total restructuring expenses, consisting of $58 million - $68 million in cash charges related to employee severance and other termination benefits.

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Europe’s Bio Revolution: Biological innovations for complex problems

Mckinsey and Company

Advances in biological science could help the world overcome its most pressing challenges in health and sustainability. Europe’s Bio Revolution could translate scientific strengths into impact.

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The special purpose acquisition company fallout is going to be spac-tacular

Financial Times M&A

Hail Mary passes coming

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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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Team Telecom To Review Puerto Rico Broadcast Deal

Law 360 M&A

A group of federal agencies informally known as Team Telecom said it will look into national security concerns over potential foreign ownership in eight Puerto Rican radio and television stations.

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Britishvolt rescue deal set to slash battery maker’s valuation by 90%

Financial Times M&A

Current investors face almost total wipeout of equity if Indonesian-led offer goes ahead

Equity 75
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5 Tips For Adding Value To Legal Clients' Experience In 2023

Law 360 M&A

Faced with a potential economic downturn this year, attorneys should look to strengthen client relationships now by focusing on key ways to improve the client experience, starting with a check-in call to discuss client needs and priorities for the coming year, say attorneys at Troutman Pepper.

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What’s Next for Startup Founders in 2023: Hold, Fold or Raise

National Law Review M&A

Louis Lehot Eric Chow Jurisdiction: All Federal Type of Law: Corporate & Business Organizations Communications, Media & Internet Mergers & Acquisitions

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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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Stockholder Sues In Del. For Books On $190M Microsoft Buy

Law 360 M&A

A stockholder of a Microsoft Corp. merger target sued the acquired company in Delaware's Court of Chancery for records leading up to the $190 million deal, alleging that the company's common stockholders were shut out of pre-deal financing that diverted most of the merger proceeds to insiders.

Finance 75
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2023 Regulatory Forecast: Antitrust & Competition

National Law Review M&A

McDermott Will & Emery Jurisdiction: All Federal Type of Law: Antitrust & Trade Regulation Administrative & Regulatory Mergers & Acquisitions Litigation / Trial Practice

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Block Inc. Urges Chancery To Toss Shareholder's Tidal Suit

Law 360 M&A

Directors at Jack Dorsey's Block Inc. carefully scrutinized a proposed deal to buy Norwegian music-streaming service Tidal in 2021, an attorney for the company told Delaware's Court of Chancery Tuesday, urging the court to toss a shareholder's claims that Dorsey's friendship with rap mogul Shawn "Jay-Z" Carter tainted the deal.

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Latham & Watkins Discusses 10 ESG Issues to Keep Top of Mind in 2023

Reynolds Holding

Both anticipated and less expected changes occurred across the ESG landscape in 2022. Anticipated changes included regulatory developments across the globe, including in the US, the UK, and the EU. Less expected changes included global and regional political shifts, such as the fallout from the Russian invasion of Ukraine, the continued evolution of governmental policies following the COVID-19 pandemic (such as responses to labor market challenges and reshoring efforts), and growing political te

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Get Your Restaurant Business Fit to Transact in 2023

National Law Review M&A

Riley Lagesen Landes Taylor Stephen Baird Draeke H. Weseman Jurisdiction: All Federal Jason B. Jendrewski Type of Law: Biotech, Food, Drug Labor & Employment Mergers & Acquisitions Corporate & Business Organizations David A.

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Debt Covenants Explained: A Guide for Startups

Lighter Capital

A covenant, by definition, is a type of agreement often found in contracts that obligates one or more parties to either engage or abstain from some specific action. Covenants are unconditional promises that, when breached, entitle the other contracting party to damages, remediation, or termination of the contract. If you’ve ever signed a contract of any kind you are likely already familiar with the idea that covenants are usually "baked into the agreement.

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Our Commitment to Our Nonprofit Clients

LaPorte

LaPorte CPAs & Business Advisors has a proud history of serving the nonprofit community. A principal component of that commitment is sharing our knowledge and… The post Our Commitment to Our Nonprofit Clients first appeared on LaPorte.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Spotlighting the importance of hiring accredited appraisers. As part of The ASA Difference Campaign, the Society has launched a series of new videos featuring members explaining the importance of hiring accredited appraisers. The videos were divided into two groups, the first being a single, 3-minute length composite video and the second being six, 30-second length individual video shorts.

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Voyager's $1B Binance Sale Approved After FTX Deal Failed

Law 360 M&A

Bankrupt cryptocurrency platform Voyager Digital Holdings received court approval Tuesday in New York for a $1 billion sale of digital assets to crypto exchange Binance US that will migrate most customer holdings to the purchaser's platform following the termination of a prior deal with FTX US.

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How Arthur J. Gallagher & Co. Extends the Front Lines to New Areas of Risk

Audit Board

In our Spotlight on Success series, Pooja Knight, AVP of ERM and Climate Change at Arthur J. Gallagher & Co. , shares how audit, risk, and compliance teams are leveraging AuditBoard’s connected risk platform to engage their global business owners to understand their top risks across regions. Gallagher is one of the world’s largest insurance brokerage, risk management, and consulting firms providing services in more than 130 countries.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Spotlighting member promotions. As part of The ASA Difference Campaign, the Society has launched a new member Marketing Toolkit with FREE turnkey digital marketing tools that can be customized with member’s business contact information and photos. The materials position member’s as accredited experts, a critical differentiator that leads to business growth.

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Motus GI Holdings Looks For Strategic Alternatives

Benzinga

Motus GI Holdings Inc (NASDAQ: MOTS ) has initiated a process to explore a range of strategic and financing alternatives. As part of this process, the company has engaged Lake Street Capital Markets LLC as an advisor. In addition, the board has approved a strategic restructuring program to preserve capital by initially. Full story available on Benzinga.com.

Finance 52
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The Bottom Line: Are You Focused on the Wrong Numbers?

Trout CPA

Written by Andrew Rice, CPA, CVA , Managing Director of Trout CPA’s Transaction Advisory Services. Over the years, I have sat in many management and year-end board meetings to discuss the performance and overall health of the company. My observation is that the controllers and CFOs in the room spend far too much time discussing the bottom line (net income).

EBITDA 52
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BioNTech Strengthens Its Artificial Intelligence With Acquisition Of British Startup

Benzinga

BioNTech SE (NASDAQ: BNTX ) has agreed to acquire InstaDeep Ltd , a technology company in the field of artificial intelligence ("AI") and machine learning. The transaction includes an upfront consideration of approximately £362 million in cash and BioNTech shares. In addition, InstaDeep shareholders will be eligible. Full story available on Benzinga.com.

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Value Drivers for a Counseling Center

Peak Business Valuation

With increased awareness of the importance of mental health, the outlook for counseling centers is positive. As such, this creates an enormous opportunity for individuals looking to buy , grow , or sell a counseling center. The counseling services industry includes psychologists, social workers, and marriage counselors. If you would like to better understand how to increase the value of your counseling center this article is for you!

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After-Hours Alert: What's Going On With Vitamin Shoppe Owner Franchise Group Stock?

Benzinga

Franchise Group Inc (NASDAQ: FRG ), the owner of Vitamin Shoppe, shares popped late in Tuesday's session and are continuing higher after hours following reports the company is considering going private. Separately, Franchise Group is reportedly eyeing a potential acquisition of Conn's Inc (NASDAQ: CONN ). What Happened: According to a Wall Street Journal Full story available on Benzinga.com.

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Benchmark International Successfully Facilitated The Acquisition Of KES Excavating Services By Bug Tussel Wireless.

Benchmark Report

Benchmark International is pleased to announce the acquisition of KES Excavating, a Wisconsin company by Bug Tussel Wireless (Hilbert Communication), also a Wisconsin company.

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Carlyle Pays $300M For Majority Ownership In India's VLCC

Benzinga

Global investment firm Carlyle Group Inc (NASDAQ: CG ) bagged a majority stake in VLCC. Terms of the transaction were not disclosed. Founded in 1989 by Vandana and Mukesh Luthra, VLCC is a homegrown pioneer in India's skincare, beauty and wellness market. Carlyle acquired the stake by paying $300 million, Reuters reports. Also Read: Carlyle Raises Over $3B To Tap European Tech Boom.

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Dark clouds descend over Goldman Sachs

Financial Times M&A

Plus, the Toshiba takeover hits a bump in the road and the string of departures from Elliott’s London office

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Oak Street Health Might Be Next On Radar As M&A Pick For CVS Health

Benzinga

Oak Street Health Inc (NYSE: OSH ) shares are trading higher as CVS Health Corp (NYSE: CVS ) is reportedly exploring an acquisition of primary care center operator. Bloomberg News reported on Monday, citing people familiar with the matter. The report added that no final decision has been made, and discussions could fall through. Oak Street operated 169 centers across the U.S., providing care for more than 159,000 patients at the end of last year.