Tue.Sep 20, 2022

Safeguarding Trust: The Board’s Role in Integrating ESG and ERM

Harvard Corporate Governance

Posted by Maria Castañón Moats and Jamie Gamble, PricewaterhouseCoopers LLP, on Tuesday, September 20, 2022 Editor's Note: Maria Castañón Moats is Governance Insights Center Leader and Jamie Gamble is Managing Director at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

How Accounting Comparability Between Bidders and Targets Affects Deal Outcomes

Reynolds Holding

How comparable are the financial statements of M&A bidders and acquirers in the same industry? And does financial statement comparability affect the outcome of a deal? In a recent paper, available here , we investigate these questions, using a sample of deals between U.S.-listed

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Delaware’s Shifting Judicial Role in Business Governance

Harvard Corporate Governance

Posted by Randall S. Thomas (Vanderbilt University - Law School) , Robert B. Thompson (Georgetown University Law Center), and Harwell Wells (Temple University - James E. Beasley School of Law), on Tuesday, September 20, 2022 Editor's Note: Randall S. Thomas is Professor of Law and John S. Beasley II Chair in Law and Business at Vanderbilt University School of Law, Robert B. Thompson is Peter P. Widenbruch, Jr. Professor of Business Law and Georgetown University Law Center, and Harwell Wells is I.

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Blackstone sells Butlin’s back to former owner in £300mn deal

Financial Times M&A

Disposal of UK resort group comes as consumers face a squeeze on their holiday budgets

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Transferring Ownership: What McDonald’s Owners Should be Considering Now

Concannon Miller

McDonald’s new rules may affect a lot of Owners, including how you transfer your restaurants.

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What Is My Incentive?

Appraisers Blog

Why would I bother taking on the added risk of an inconvenient process? Where is my incentive again? As an appraiser, I have to ask (seriously) why should I care if the profession has a shortage of skilled appraisers? Logic dictates that If there is a shortage, then I will remain busy.

Author Talks: Africa is not a country

McKinsey Public & Social Sector Insights

News, entertainment, and even charity campaigns tend to promote a stereotypical image of Africa that ignores its nuance and history. Dipo Faloyin is correcting this narrative. McKinsey on Books Education Public & Social Sector Africa

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More Trending

Spreetail Acquires Ecommerce Performance Marketing Agency, Buy Box Experts, Strengthening Their Ecommerce Accelerator Capabilities

Business Wire M&A

LINCOLN, Neb.--(BUSINESS BUSINESS WIRE)--Spreetail announces acquisition of eCommerce Marketing Agency Buy Box Experts, strengthening their eCommerce Accelerator capabilities, and names Joseph Hansen as Chief Marketing Officer.

Craft Cannabis Workers Unite! The US National Craft Cannabis Coalition Announce Its Formation

Benzinga

When Karl Marx and Frederich Engels popularized Flora Tristan's famous phrase “Workers of the world, unite!” ” in 1848, they sought to abolish the bureaucratic state and seize the means of production.

Audax Private Debt Provides Financing to Support Madison Dearborn Partners’ Investment in Unison

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Madison Dearborn Partners’ acquisition of Unison (the “Company”), a leading provider of purpose-built procurement and contract management software solutions to U.S.

Oxford Industries Adds This Luxury & Modern Bohemian Brand; Boosts Outlook

Benzinga

Oxford Industries Inc (NYSE: OXM ) has completed the acquisition of Johnny Was , a California-based affordable luxury apparel brand, for $270 million. OXM expects the deal to be accretive to earnings in FY22.

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Rocket Pharmaceuticals to Acquire Renovacor, Extending Leadership in AAV-based Cardiac Gene Therapy

Business Wire M&A

CRANBURY, N.J. CAMBRIDGE, Mass.--(BUSINESS BUSINESS WIRE)--Rocket Pharmaceuticals, Inc. NASDAQ: RCKT), a leading late-stage, clinical biotechnology company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders with high unmet need, and Renovacor, Inc.

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Judge Says Yes To $13B UnitedHealth-Change Healthcare Merger: Report

Benzinga

A U.S. judge on Monday denied the Justice Department's request to stop UnitedHealth Group Inc's (NYSE: UNH ) $13 billion buyout deal for Change Healthcare Inc (NASDAQ: CHNG ). The Justice Department had filed a lawsuit in February aimed at stopping the acquisition on antitrust grounds.

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Journal Entries to Account for Operating Leases Under the New Lease Standard

Gross Mendelsohn

The new lease accounting standard is effective for private companies and nonprofits for fiscal years beginning after December 15, 2021. This new accounting rule requires organizations to report their operating leases on the balance sheet. This will require some new journal entries.

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ISS Discusses Evolving Clawback Policies

Reynolds Holding

The Securities and Exchange Commission is poised to revise its rules on so-called clawbacks: the process of recovering incentive compensation from current and former executives when a company is forced to make a material restatement of its accounts. With a target of releasing its revisions in October, the SEC has twice reopened public comment periods on proposals that it first advanced in 2015 to implement part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Eight imperatives for launching cell and gene therapies

McKinsey Public & Social Sector Insights

Companies launching new cell and gene therapies can live up to their promise of transforming patient lives through proper preparation of the market, their products, and internal go-to-market models. Insights on Life Sciences Medical products Pharmaceuticals

Harris Family Trusts buys Butlin’s for £300m

The Guardian M&A

Deal does not include Butlin’s property assets which were sold earlier this year to a private pension fund Butlin’s has been bought by one of the holiday camp’s family backers for an estimated £300m.

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Nurse.com Acquires HOLLIBLU, Launches App for Nursing Community

Business Wire M&A

MORRISVILLE, N.C.--(BUSINESS BUSINESS WIRE)--Nurse.com today announced its acquisition of HOLLIBLU and an effort to form the largest online community for empowering and connecting nurses

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The McKinsey Crossword: Sidelight | No. 94

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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PARAMETERS UPDATE P5.5

Equidam

On September 22nd, 2022 you’ll be upgraded to the latest version of Equidam with updated valuation parameters. This may result, on average, in a slight valuation increase. What’s changing. 1 | Average valuations used in the Scorecard Method and maximum valuations used in the Checklist Method.

How distributors can build momentum in a slowdown

McKinsey Public & Social Sector Insights

The outperformers in distribution can gain ground during these unique, uncertain times—and enter the recovery poised to create even more value. Advanced Electronics Insights Machinery & industrial goods Industrial high tech Marketing strategy

Tax relief for victims of Arizona storms

Henry Horne

I usually believe that I am up to date on most news (not pop culture – that I am definitely not up to date on!), but I admit that I did not even know that the state saw severe weather between July 17 and July 18, prompting tax relief for victims of Arizona storms. Don’t … Keep Reading.

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The Surge Of Cryptocurrency M&A

Benchmark Report

Deal activity continues to heat up in the cryptocurrency space as the adoption of crypto becomes more mainstream. Last year was a huge year for cryptocurrencies. In 2021, the price of bitcoin was up 49%, Ether was up 390%, and Dogecoin was up a whopping 1,600%.

Accelerating the transition to net-zero travel

McKinsey Public & Social Sector Insights

Despite the best intentions, many travel companies are struggling to reduce their emissions fast enough. A report by McKinsey and Skift provides four practical recommendations. Insights on Travel, Logistics & Infrastructure Travel, Logistics & Infrastructure

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On Sharing and Managing Competitively Sensitive Information in M&A Transactions

National Law Review M&A

Mintz Jurisdiction: All Federal Type of Law: Mergers & Acquisitions Antitrust & Trade Regulation

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Top Financial Media Stories Tuesday, September 20: Apple Feels The Forex Pinch, Pepsi Ends Russian Production, Beyond Meat's COO Arrested And More.

Benzinga

Reuters. What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff. American Express Co (NYSE: AXP ) shared plans to hire 1,500 people for technology roles dispelling slowdown concerns as its peers slashed jobs and cut expenses. The new hires would fill roles like data scientist, software engineer, and others by the end of the year. AmEx had already brought in 3,600 tech employees this year. PepsiCo Ends Pepsi, 7UP Production In Russia.

Chancery Rejects Musk's Demand For More Slack Messages

Law 360 M&A

Elon Musk will not get a second chance to expand his discovery demands on Twitter Inc. and any future calls for reargument that are without merit will be put on ice until after an October trial, the Delaware judge overseeing the case said

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Digital challengers on the next frontier: Perspective on the Czech Republic within Central and Eastern Europe

McKinsey Public & Social Sector Insights

In the Czech Republic, up to €37 billion by 2030 is at stake, primarily from ICT and e-commerce growth in an aspirational scenario. Overview

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DOJ to Merging Parties: The Time of “Underenforcement” is Over; Fix-It-First or Risk Being Challenged

National Law Review M&A

Jon B. Dubrow Gregory E. Heltzer Noah Feldman Greene Jurisdiction: All Federal Type of Law: Antitrust & Trade Regulation Mergers & Acquisitions Administrative & Regulatory Special highlight

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Dating App Clover Inks $157M SPAC Merger

Law 360 M&A

Dating and streaming app company Clover Inc. announced Tuesday that it plans to merge with blank-check company FoxWayne Enterprises and become a public company, with J.P. Galda & Co. guiding Clover and Sheppard Mullin Richter & Hampton LLP advising FoxWayne

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[PARAMETERS UPDATE P5.5] AVERAGE AND MAXIMUM VALUATIONS

Equidam

You can refer to the table below to see how the average valuation for the Scorecard Method and maximum valuation for the Checklist Method will change for your country specifically after October 10th, 2022. We base our new country estimates on real transactions by country since November 1st, 2017. Whenever we were not able to find a large enough sample of pre-money valuations in a given country, we broadened our perspective the closest larger geographic entity (namely, region and continent). .

The Role Of Tweets, Memes, Emoji In Musk Securities Saga

Law 360 M&A

Brad Foster at Haynes and Boone reviews securities law scenarios in the coming Twitter v. Musk litigation in Delaware and the class actions waiting in the wings, and explains how Elon Musk's tweets, memes and emoji might come into play

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M&A Trends: 2022 Isn’t a Bad Year for Everyone

John Jenkins

Most of the news about M&A trends during the current year has been kind of depressing, particularly when compared to recent years. But a recent analysis from Bloomberg Law’s Grace Maral Burnett says at least two sectors – Software & REITs – have a much more upbeat dealmaking story to tell. Grace says that the […

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Creating A Hybrid Work Policy? Be Intentional And Inclusive

Law 360 M&A

The pandemic has changed expectations for the future of work forever, and as more employees demand hybrid working options, law firms must develop policies and models that are intentional, inclusive and iterative to lead the industry into the future, says Manar Morales at the Diversity & Flexibility Alliance

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10 Key Facts About Employee Stock Ownership Plans (ESOPs)

Butcher Joseph & Co.

October is Employee Ownership Month. Since their enactment in 1974, employee stock ownership plans (ESOPs) have proven beneficial for selling sharehol. The post 10 Key Facts About Employee Stock Ownership Plans (ESOPs) appeared first on ButcherJoseph & Co.

What to Do in a Recession: Lessons for Auditors From 2008

Audit Board

In the second quarter of 2022, the US met the criteria for an economic recession with two consecutive quarters of negative growth. A recession had been predicted for a while, given the disruption the economy has experienced in recent years.

NTT DATA anuncia su intención de adquirir Apisero para mejorar las capacidades de integración de datos de MuleSoft

Business Wire M&A

PLANO, Texas--(BUSINESS WIRE)--NTT DATA, líder en negocios digitales y servicios informáticos, anunció hoy que acaba de suscribir un acuerdo definitivo para adquirir Apisero, una empresa de consultoría mundial líder en MuleSoft.

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