Tue.Apr 18, 2023

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How to Successfully Merge Two Cultures

Value Scout

There are two critical factors for a successful merger: cultural and organizational alignment. Mergers and acquisitions facilitate a company’s growth strategy, but one cannot underestimate the challenge of integrating two cultures. According to a report published by Harvard Business Review , 40 to 80 percent of mergers do not meet the end objectives.

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What to Watch for in Proxy Season 2023: Officer Exculpation

Harvard Corporate Governance

Posted by Aaron Wendt, and Brianna Castro, Glass, Lewis & Co, on Tuesday, April 18, 2023 Editor's Note: Aaron Wendt is a Research Director and Brianna Castro is a Senior Director at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Recent amendments to the Delaware General Corporation Law (“DGCL”) have led public companies to propose new protections for their corporate officers, thereby forcing shareholders to consider whether they should give up their right to sue t

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Payroll errors and how to avoid them

ThomsonReuters

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. Today’s global workforce, remote and hybrid work environments, and the ever-changing regulatory landscape have added additional layers of complexity to payroll.

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Governance and Disclosure Reminders for Public Companies

Harvard Corporate Governance

Posted by Lawrence A. Cunningham, Jerry R. Marlatt and Felix R. Zhang, Mayer Brown LLP, on Tuesday, April 18, 2023 Editor's Note: Lawrence A. Cunningham is Special Counsel, Jerry R. Marlatt is a Partner, and Felix R. Zhang is an Associate at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Mr. Cunningham, Mr. Marlatt, Mr. Zhang, Edward S.

Banking 219
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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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Bowlero Enters Tennessee Through Andy B's Acquisition

Benzinga

Bowlero Corp (NYSE: BOWL ) has entered into a definitive agreement to acquire Andy B's in Tennessee. The financial terms of the deal were not disclosed. Andy B is a 44-lane center comprising 32 traditional. Full story available on Benzinga.

Equity 98
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UK Launches Probe Into Amazon's $1.7B Roomba Maker Deal

Law 360 M&A

Britain's antitrust regulator said on Tuesday that it has launched a formal investigation into Amazon's $1.7 billion acquisition of the company behind the Roomba robotic vacuum cleaner, following scrutiny from across the Atlantic.

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The resilience of steel: Navigating the crossroads

Mckinsey and Company

The steel industry’s outlook for the next ten years remains fragile. Company leaders can adopt a strategic approach to ride out uncertainties and mitigate risk while the industry is being reshaped.

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 Bowlero Corp. to Enter Tennessee with Agreement to Acquire Andy B’s

Business Wire M&A

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL), the global leader in bowling entertainment, announced today that it has entered into a definitive agreement to acquire Andy B’s in Tennessee. The completion of this acquisition will mark the Company’s first center in the state. “We are pleased to enter a new market, expanding our national footprint to 34 states,” said Thomas Shannon, Founder and CEO of Bowlero Corp.

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The McKinsey Crossword: TV Time | No. 124

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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OriginClear Contributes Modular Water Systems Division to its Water On Demand Subsidiary

Business Wire M&A

CLEARWATER, Fla.--(BUSINESS WIRE) - $OCLN #cleanwater--OriginClear Contributes Modular Water Systems Div. to its Water On Demand Subsidiary. Synergy could accelerate adoption of private water treatment.

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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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State of grocery Europe 2023: Living with and responding to uncertainty

Mckinsey and Company

2022 was overshadowed by inflation. As that shadow is lifting, European grocers are gearing up for future growth by investing in private labels, retail media, automation, and sustainability.

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CCFNB Bancorp, Inc. and Muncy Bank Financial, Inc. Announce Strategic Merger of Equals

Business Wire M&A

BLOOMSBURG, Pa. & MUNCY, Pa.--(BUSINESS WIRE)--CCFNB Bancorp, Inc. (OTCPK: CCFN) and Muncy Bank Financial, Inc. (OTCQB: MYBF) today jointly announced the signing of a definitive merger agreement to combine the two companies in a strategic merger of equals. The combined company would have approximately $1.6 billion in total assets, $1.

Banking 98
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Netflix 'Playing Games' With Meta Suit Discovery, Court Told

Law 360 M&A

Advertisers accusing Meta Platforms Inc. of monopolizing social media advertising asked a California federal judge to force compliance from Netflix with discovery requests regarding communications between the companies in support of the advertisers' allegations that the media giants made anti-competitive deals.

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Lessen Acquires Global Facilities Management Provider Blue Skyre IBE

Business Wire M&A

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, announced today a strategic acquisition of Blue Skyre IBE, a global facilities management solutions provider.

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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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Every Lawyer Can Act To Prevent Peer Suicide

Law 360 M&A

Members of the legal industry can help prevent suicide among their colleagues, and better protect their own mental health, by learning the predictors and symptoms of depression among attorneys and knowing when and how to get practical aid to peers in crisis, says Joan Bibelhausen at Minnesota Lawyers Concerned for Lawyers.

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BornTec Divests Managed Hosting and Colocation Business in Deal With TNS

Business Wire M&A

RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (TNS) and BornTec today announced TNS’ acquisition of BornTec’s managed hosting and colocation business. This acquisition continues TNS’ expansion of its global connectivity footprint and builds on previous acquisitions. For BornTec, the move was strategic.

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How to build a strong team

JPAbusiness

Building a strong team is probably the biggest challenge for business owners in many industry sectors today. With a tight labour market and competitive pressures, it’s hard for businesses to attract and retain staff, and ensure an effective and stable team is in place to support the business’s market offering and vision. A mismatch in business owner and employee expectations, the competing interests of personal, career and business priorities, workplace culture and flexibility as to how and when

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Axway Acquires AdValvas, Expanding B2B Integration and EDI Capabilities

Business Wire M&A

PARIS--(BUSINESS WIRE)--Axway (Euronext: AXW.PA), a global leader in B2B Integration and EDI, announced today that it has acquired AdValvas, a European expert in e-invoicing processes. The acquisition further enhances Axway's position as a leader in B2B integration and adds new capabilities in the area of invoicing and compliance. These include embedded support for Peppol and the VAT reform in France, as well other worldwide B2G (Business-to-Government) and B2B e-invoicing mandates.

B2B 98
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Common mistakes in cash flow statements

ThomsonReuters

Cash flow is the lifeline for all businesses and, not surprisingly, is a top concern for many business owners. They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Therefore, cash flow statements must be accurate. Cash flow statements are one of the three fundamental financial statements used, alongside income statements and balance sheets.

Finance 59
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GrowGeneration Acquires Store in Jackson, Michigan

Business Wire M&A

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced the acquisition of inventory and equipment from Mighty Grow, a family owned and operated business located in Jackson, Michigan serving the gardening community for over 10 years.

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Shipping group CMA CGM in talks to buy Bolloré Logistics

Financial Times M&A

French group extends acquisition spree using its pandemic profits to boost its business

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Tokens.com Makes Offer to Acquire Full Ownership of Metaverse Group

Business Wire M&A

TORONTO--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.

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GSK/Bellus Health: biotech M&A is picking up

Financial Times M&A

Modest size of acquisition leaves the UK pharma group well positioned to make further bolt-on deals

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Convenience will always matter

Mckinsey and Company

Group CEO Nina Jönsson lays out the factors that drive the continued success of ICA, the leading Swedish grocery retail chain that originated as a sourcing alliance in the early 20th century.

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Liontrust in talks to buy Swiss rival GAM

Financial Times M&A

UK asset manager makes approach as industry pressure to consolidate intensifies

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Pathway to successful e-grocery

Mckinsey and Company

Serial entrepreneur Tomáš Čupr takes us behind the scenes of Rohlik, a fast-growing online grocer founded in 2014 in the Czech Republic that caters to affluent urban shoppers.

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Company insolvencies rise 16% in March

Accountancy Today

The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022), according to the latest figures released by the Insolvency Service. This was higher than levels seen while the Government support measures were in place in response to the coronavirus pandemic and also higher than pre-pandemic numbers.

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Credit Suisse Refutes Report It Impeded Probe Into Nazi Links

Law 360 M&A

Credit Suisse Group AG fired back late Tuesday at a report by the U.S. Senate Budget Committee alleging that the Swiss lender obstructed an independent ombudsperson's investigation into its history of servicing accounts linked to former Nazis.

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200-Year History: Family Business Lessons from an American Icon

Auto Dealer Valuation Insights

A recent Barron’s article on the link between Elon Musk, corn, and John Deere piqued our interest. No, Tesla is not about to start converting Model 3s into farm implements, but electric vehicle adoption is expected to impact a number of areas in the transportation economy, including agriculture. Per the article, over 40% of corn grown in the U.S. is used for ethanol, a fuel made from corn and.

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Top accounting issues in 2023

ThomsonReuters

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. This has given rise to new growth opportunities for firms, but that’s not to say that accounting issues don’t remain in their daily workflows.

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Hate Talking About Risk Management Controls? | Ncontracts

N Contracts

Risk management is a critical aspect of banking operations, but it doesn’t always come easily. For newcomers, it can be intimidating. Others find the ongoing nature of risk management challenging. But there’s one area where I find more resistance than any other: risk management controls.

Banking 52
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Preventing misapplication of GAAP standards

ThomsonReuters

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S.

Finance 52
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FAQs About the Employee Retention Credit (ERCs) | Meaden & Moore

Meade & Moore

We have written a lot on Employee Retention Credits since they were first introduced in 2020, documenting the various changes and how they affect businesses of all kinds. Today, many businesses have already applied for their Employee Retention Credit for 2020 and 2021.

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Why Catalent Shares Are Falling Today

Benzinga

Life-sciences company Danaher Corporation (NYSE: DHR ) is reportedly no longer considering a takeover of contract manufacturer Catalent Inc (NYSE: CTLT ) after expressing interest in buying the company earlier this year. While Danaher's interest has cooled, it's possible that Danaher could try and revive a deal conversation later, Bloomberg reported citing one of the people close to the matter.

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