Fri.Jul 14, 2023

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2023 Factset Review: Top 10 Largest M&A Announcements

BVR

The 2023 Factset Review is out now! This must-have publication is filled with valuable insights on M&A activity. Get a sneak preview of a selection of data from Part 5 of the guide.

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Investor Support of E&S Proposals

Harvard Corporate Governance

Posted by Garrett Muzikowski and Hetal Kanji, FTI Consulting, on Friday, July 14, 2023 Editor's Note: Garrett Muzikowski is a Senior Director and Hetal Kanji is a Director at FTI Consulting. This post is based on their FTI Consulting memorandum. Related research from the Program on Corporate Governance includes Social Responsibility Resolutions (discussed on the Forum here ) by Scott Hirst. 2023 has seen investors support significantly less environmental and social proposals in past years.

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Master the Rhythm System: Unlocking Business Scalability and Long-Term Success

Rhythm Systems

In this blog article, we will dive into the essential aspects of rhythm systems, a successful strategy for execution, and how it can unlock scalability in your organization. We will explore the core elements of the Rhythm System, what it takes to develop and implement a successful strategy, and how it drives organizational performance and employee engagement.

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What's Going On With Activision Blizzard and Microsoft Stock Friday?

Benzinga

Microsoft Corp (NASDAQ: MSFT ) and Activision Blizzard, Inc (NASDAQ: ATVI ) stocks are trading higher Friday amid reports of the companies exploring giving up some control of their cloud-gaming business in the U.K. to appease regulators to complete their $69 billion merger by the July 18 deadline. The relinquishing of control could involve selling off the cloud-based market rights for games in the U.K. to a telecommunications, gaming, internet-based computing company, or a private equity company

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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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High hopes despite high prices: An update on European consumer sentiment

Mckinsey and Company

Consumer confidence has grown dramatically across the continent—but geopolitical concerns and price increases continue to affect how consumers intend to spend. ConsumerWise offers its latest research.

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Following the Money: Where Is Real Estate Capital Coming From?

Machen McChesney

The past few years of pandemic recovery, rising inflation and interest rates, and legislative changes have created tremendous shifts and challenging obstacles within the real estate industry. As economic uncertainty applies pressure to sources of traditional capital, the industry is turning to private capital and small and regional banks while managing a decline in government funding.

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More Trending

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UK Litigation Roundup: Here's What You Missed In London

Law 360 M&A

The past week in London has seen two former bosses of trading technology company Finalto sue the investment vehicle it was sold to, Samsung’s biotech arm bring a patent dispute against Janssen to the U.K. over its immunosuppressive drug Stelara, and London law firm LEXLAW begin legal action against Knights PLC. Here, Law360 looks at these and other new claims in the U.K.

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US agency loses bid to halt Microsoft’s $69bn purchase of Activision Blizzard

The Guardian M&A

The Federal Trade Commission’s request to pause the deal was rejected, clearing the few remaining hurdles for it to go through A US appeals court on Friday rejected the Federal Trade Commission’s request to pause Microsoft’s $69bn (£53bn) purchase of Call of Duty maker Activision Blizzard. The appeals court decision removes one of the few remaining hurdles stopping Xbox maker Microsoft from closing the deal and expanding its gaming business.

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Monster Headphones Maker Can't Dodge Fees In Beats Row

Law 360 M&A

A California appeals court has rejected an attempt by audio device and accessory manufacturer Monster to avert damages and attorney fees after a lower court rejected claims that Beats Electronics fraudulently duped it into selling its stake in the company before a sale to Apple.

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McKinsey China Auto Consumer Insights 2023

Mckinsey and Company

Consumer trends and technological innovations have reshaped the Chinese automotive market. OEMs need to accelerate their transformations to adapt.

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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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Level Up Lawyers' Business Development With Gamification

Law 360 M&A

With employee engagement at a 10-year low in the U.S., there are several gamification techniques marketing and business development teams at law firms can use to make generating new clients and matters more appealing to lawyers, says Heather McCullough at Society 54.

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Author Talks: Scale your people, not just your company

Mckinsey and Company

A corporate officer explains the role that self-awareness and partnership play in driving performance.

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9th Circ. Won't Pause Microsoft-Activision Merger

Law 360 M&A

A Ninth Circuit panel summarily refused late Friday to temporarily block Microsoft's planned $68.7 billion purchase of Activision Blizzard, rejecting a last-minute request from the Federal Trade Commission hours before a deadline after which the deal can theoretically close.

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Nevada Adopts M&A Broker Exemption Rule

National Law Review M&A

Earlier this month, the Nevada Secretary of State announced the adoption of numerous updates to the Nevada Administrative Code. The changes did include a new exemption for certain mergers and acquisition brokers.

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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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Microsoft Says Activision's Call Of Duty Removal From Steam Was A 'Resounding Failure'

Benzinga

Microsoft Corp. (NASDAQ: MSFT ) released a filing that revealed Activision Blizzard Inc's (NASDAQ: ATVI ) decision to remove Call of Duty from Steam was a "failure." As reported by Kotaku, the tech giant disclosed Activision's move to remove the PC version of Call of Duty: Black Ops 4 from Valve's video game digital distribution service and storefront to make it exclusive to Battle.net was an unsuccessful attempt to grow the latter's platform.

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Underrated benefits of working from home

Vested

Though some business leaders are vocal about their dislike for remote working (looking at you Elon Musk ) studies show that working from home actually has a variety of benefits to offer.

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Analyst Predicts Completion Of American Equity's $4.3B Acquisition At Current Offer Price

Benzinga

Truist Securities analyst Mark Hughes downgraded American Equity Investment Life Holding Co (NYSE: AEL ) to Hold from Buy at an increased price target of $55 (from $49). The analyst expects AEL's acquisition by Brookfield Reinsurance Ltd (NYSE: BNRE ) to be completed at the current offer price and assumes the unlikely emergence of another buyer.

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8 Firms Guide Goldman Sachs's $1.7B Deal For Kahoot

Law 360 M&A

Educational app developer Kahoot ASA said Friday that it has agreed to accept a 17.2 billion Norwegian kroner ($1.72 billion) takeover offer made by a consortium of investors led by Goldman Sachs, in a deal guided by eight law firms.

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Valuation Multiples for an Engineering Firm

Peak Business Valuation

The engineering industry comprises companies that use engineering to assist businesses, governments, and individuals. Engineering services can include advisory and consulting, feasibility studies, planning, and designing, etc… There are over 139,000 engineering firms throughout the United States. In recent years, the engineering industry has generated over $360 billion dollars in revenue.

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RIA M&A Update

Auto Dealer Valuation Insights

Although inflation has begun to subside and the stock market has rallied after a turbulent start to 2023, elevated interest rates and macroeconomic uncertainty have contributed to a slight decline in deal volume during the first half of 2023. Fidelity’s June 2023 Wealth Management M&A Transaction Report listed 117 deals through June 2023, down 1% from the 118 deals executed during the same period.

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Why Are Frequency Therapeutics Shares Surging Today

Benzinga

Korro Bio Inc and Frequency Therapeutics Inc (NASDAQ: FREQ ) announced an all- stock merger transaction. Under the merger agreement's terms, stockholders of Korro Bio will receive newly issued shares of Frequency Therapeutics. Frequency Therapeutics has discontinued developing its remyelination program for Multiple Sclerosis as it explores strategic alternatives for the program.

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M&A In The Behavioral Healthcare Services Market

Benchmark Report

Behavioral healthcare services M&A has been on the rise in recent years due to the high demand for mental and behavioral health services in the US. The behavioral healthcare market saw a 45% increase in 2022 versus the prior year and remains a fast market in early 2023.

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Why Eli Lilly Shares Are Surging Today

Benzinga

Eli Lilly And Company (NYSE: LLY ) plans to acquire cardiometabolic diseases drug manufacturer Versanis Bio for up to $1.925 billion in cash, bolstering its product profile of obesity-curbing drugs. Versanis was founded in 2021 by biotech investment firm Aditum Bio to develop bimagrumab for treating metabolic diseases and obesity. European life sciences investment firm Medicxi invested in the company in August 2021 when it co-led a $70 million Series A financing with Atlas Venture.

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Skadden Steers Air France-KLM To Raise €500M From Apollo

Law 360 M&A

Air France-KLM said Friday that funds managed by Apollo Global Management will help raise €500 million ($562 million) for an affiliate of the airline that deals with engineering and maintenance.

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Hawkins Buys EcoTech Enterprises, Boosts Water Treatment Business

Benzinga

Hawkins Inc (NASDAQ: HWKN ) has finalized the buyout of EcoTech Enterprises, Inc. for an undisclosed amount. The acquisition boosted the company's presence in the water treatment business by adding its 40th location. EcoTech manufactures and offers water treatment chemicals to customers across Arkansas and surrounding states. "As we continue to execute on our strategy to grow our water treatment business, we believe this tuck-in acquisition will allow us to accelerate our growth.

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Qualified Retirement Plan Considerations in Corporate Transactions

National Law Review M&A

Taylor Bracewell Ruth Anne Collins Michels Jurisdiction: All Federal Type of Law: Labor & Employment Mergers & Acquisitions Corporate & Business Organizations

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Austria’s OMV in talks over chemicals deal with Abu Dhabi National Oil Company

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Microsoft Defeats FTC’s Roadblock on Path to Activision Merger

National Law Review M&A

Colin Kass David A.

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UK regulators open door to quick Microsoft-Activision deal

Financial Times M&A

New timetable from Competition and Markets Authority means $75bn transaction could be closed within weeks

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Does Cutting Expenses Help Increase the Value of a Company?

Equilest

To delve deeper into the impact of cutting expenses on a company's value and gain a comprehensive understanding of this topic, continue reading below In today's highly competitive business landscape, companies are continually striving to increase their value and improve their financial performance. One commonly considered approach is cutting expenses.

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Goldman agrees to take edtech Kahoot private

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Post-Pandemic Hospitality Trends To Watch At Midyear 2023

Law 360 M&A

The hospitality industry at midyear 2023 continues to recover from the COVID-19 pandemic, and while some markets are doing even better than they were before the coronavirus hit, many businesses are facing rising interest rates, persistent inflation, owner-management disputes, buyouts, bankruptcies and labor troubles. Here's what to watch in the second half of the year.

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Reunion Neuroscience Inc. Obtains Final Court Order for Proposed Plan of Arrangement

Benzinga

TORONTO, July 14, 2023 (GLOBE NEWSWIRE) -- Reunion Neuroscience Inc. (TSX: REUN , NASDAQ: REUN ) (" Reunion " or the " Company "), a clinical-stage biopharmaceutical company committed to developing innovative and patented therapeutic solutions for underserved mental health conditions is pleased to announce that, earlier today, the Ontario Superior Court of Justice (Commercial List) granted a final order approving the proposed arrangement (the " Arrangement ") under Sectio

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2 Firms Steer ESG-Focused SPAC's $300M Public Debut

Law 360 M&A

Nabors Energy Transition Corp. II, the second special purpose acquisition company backed by drilling contractor Nabors Industries Ltd., began trading Friday after completing a $300 million initial public offering, guided by Vinson & Elkins LLP and underwriters counsel White & Case LLP.

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