Mon.May 19, 2025

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EV/EBITDA Explained: A Key Valuation Multiple for Investors

Valutico

Company valuation employs different methodologies, including intrinsic approaches like Discounted Cash Flow (DCF) analysis, and relative valuation. The core idea behind relative valuation is to estimate a company’s value by comparing it to similar companies based on how the market prices their financial metrics. EV/EBITDA is a widely used multiple in this relative valuation approach.

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Rio Tinto strikes near $1bn deal in Chilean lithium project

Financial Times M&A

Anglo-Australian miner doubles down on critical mineral buying almost 50 per cent stake in partnership with Codelco

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The growth imperative

Mckinsey and Company

Growth is crucial for companies to create profitable, sustainable value. How can organizations reach their growth goals and ensure their longevityeven in turbulent times?

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James Cowper Kreston advises on Wheatley Software Solutions sale to Jonas Software

Accountancy Today

James Cowper Kreston Corporate Finance team members Stewart Lambert, Jack Griggs and Becky Bodger advised Wheatley Software Solutions on its sale to Jonas Software. Wheatley Software Solutions provides future-ready software tailored for the utilities sector, helping organisations manage their meter operations and assets. Its solutions enable meter operators and asset providers to navigate complex industry processes, supporting all types and sizes of meter portfolios.

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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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Chancery Court Dismisses Claims Relating to Sale of Company against Private Equity Majority Owner

Harvard Corporate Governance

Posted by Jason Halper, Peter Marshall, and Francisco Morales Barron, Vinson & Elkins LLP, on Monday, May 19, 2025 Editor's Note: Jason Halper , Peter Marshall , and Francisco Morales Barron are Partners at Vinson & Elkins LLP. This post is based on a Vinson & Elkins memorandum by Mr. Halper, Mr. Marshall, Mr. Barron, Sara Brauerman , Timbre Shriver , and Christopher Menendez.

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Building a High-Performance Culture Through Merger Integration

Sun Acquisitions

A successful merger and acquisition (M&A) deal requires more than just financial acumen and strategic planning. It demands a meticulous approach to integrating disparate cultures, systems, and people. Building a high-performance culture is a critical component of this integration process. This blog post explores vital strategies to foster a harmonious and productive work environment post-merger.

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Comment on Bye Bye AMC: A Script to Sideline Appraisal Middlemen by Mike Ford, AGA™

Appraisers Blog

In reply to Retired Appraiser. The real issue is that the current system WITHOUT EXCEPTION is a matter of price fixing in violation o the Sherman Anti Trust Act. Lenders have already ‘negotiated’ the maximum fee that they will permit their AMC to charge. Long before a specific borrower walks in the door. They have to give the borrower a GFE when the application is taken.

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Kirkland lures top Skadden corporate partner as talent war rages on

Financial Times M&A

Law firms continue to recruit rainmakers with outsized paydays despite dealmaking being at a low ebb

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Comment on Bye Bye AMC: A Script to Sideline Appraisal Middlemen by Baggins

Appraisers Blog

In reply to Mike Ford, AGA. Yep, that’s it. In retrospect the comp search model with direct contact with an appraiser and mortgage broker was far better. There were better ways to stop lending fraud and appraiser pressure than injecting amc’s into the process. All they had to do was prohibit rampant value shopping and stop the abuse of the process where the appraiser with the highest estimate got the deal, and nobody else got any service fees for their time.

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23andMe to Be Bought by Regeneron Pharmaceuticals, a Biotech Company, for $256 Million

NYT M&A

Regeneron Pharmaceuticals said it would acquire 23andMe, which filed for bankruptcy in March and would continue to offer consumer DNA testing services.

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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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Comment on Bye Bye AMC: A Script to Sideline Appraisal Middlemen by Mike Ford, AGA™

Appraisers Blog

Bye Bye AMC script could end AMCs 84% fee grab, matching appraisers directly with geospatial smarts for fair, transparent valuations.

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Genetic Data From 23andMe Ends Up With This Company In $256 Million Deal

Benzinga

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN ) announced Monday that it has secured the winning bid in the bankruptcy auction for key assets of 23andMe Holding Co. in a $256 million deal to boost its genetics-based drug discovery efforts. The acquisition includes 23andMe’s Personal Genome Service, Total Health, Research Services divisions, its Biobank, and associated infrastructure.

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Business Appraisers as Post-Report Consultants

BV Specialists

When most people think of business appraisers, they envision a formal valuation report delivered for a specific need, whether for purchase and sale, divorce settlement, litigation support, or estate planning. However, the role of a valuation professional doesn't have to end when the report is submitted. In fact, engaging your appraiser as a post-report consultant can provide ongoing value that helps you act strategically on the valuation findings.

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Chinese Battery Giant Surges in Hong Kong Market Debut

NYT M&A

Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a decoupling of finance continued.

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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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Comment on Appraisal Institute’s Harassment, Tests, and Dance with AMCs by BayAreaAppraiser

Appraisers Blog

Appraisal Institute faces a storm: harassment claims against Steinley, testing scandal, & a cozy dance with REVAA. Cindy Chance fights back.

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How Normalizing Adjustments Impact the Value of a Business

Gross Mendelsohn

A business may be valued for a multitude of reasons, like marital dissolution, estate planning and mergers and acquisitions, among others. No matter a valuations purpose, one of the most critical steps during analysis is considering various normalization adjustments to the businesss financial statements.

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Charter's Proposed Cox Deal Could Challenge Comcast, Surpass AT&T In Broadband

Benzinga

BofA Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Charter Communications, Inc. (NASDAQ: CHTR ) last Friday, with a price target of $450. Ehrlich noted that Charter had announced an agreement to merge with privately held Cox Communications for an equity purchase consideration of $21.9 billion and the assumption of $12.6 billion in Cox debt and lease obligations.

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Cepton Sued In Del. Over $125M Koito Take-Private Deal

Law 360 M&A

A Cepton Inc. stockholder has launched a proposed class action challenging the light detection and ranging technology company's $3.17-per-share, $125.4 million take-private acquisition by Japan-based Koito Manufacturing Inc. in Delaware's Court of Chancery, alleging fiduciary breaches by the company's CEO, four directors and the deal's investment banker.

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Wine Industry Insights: Exploring a Different Kind of Exit

Exit Strategy

The M&A market is in the midst of an extended time out. According to a Reuters article in May 2025, the number of M&A contracts announced across the world – an indicator of global economic health – fell in April to the lowest level in more than 20 years, according to data compiled by Dealogic […] The post Wine Industry Insights: Exploring a Different Kind of Exit appeared first on Exit Strategies Group, Inc.

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SEC's 'Shadow Trading' Win Should Be Tossed, 9th Circ. Told

Law 360 M&A

An ex-Medivation Inc. executive found liable in the U.S. Securities and Exchange Commission's first-ever "shadow trading" case has asked the Ninth Circuit to overturn the verdict, arguing that his company's policies should have kept the matter from going to a jury in the first place.

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Riding the Economic Waves: How Economic Conditions Can Capsize Your Buy-Sell Agreement

Gergory Caruso

The post Riding the Economic Waves: How Economic Conditions Can Capsize Your Buy-Sell Agreement appeared first on Art of Business Valuation.

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FCC's Carr Claims Victory Versus DEI In Verizon-Frontier OK

Law 360 M&A

Verizon took a leap toward closing its $20 billion bid for Frontier Communications by gaining the Federal Communications Commission's approval after ditching its diversity, equity and inclusion programs at the behest of FCC Chair Brendan Carr.

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Why Are CEOs Anxious and What Can They Do to Cope?

Rhythm Systems

Its Spring 2025, and a common theme Im seeing among the CEOs I coach is: Everyone is anxious. The series of tariffs announced and implemented by our government have left business leaders bracing for changes in business costs, sales, and staffing needs.

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Tyson Says Feed Ingredient Co.'s Suppliers Chose It Fairly

Law 360 M&A

Tyson Foods asked a Georgia federal judge to nix a poultry rendering company's antitrust lawsuit, arguing the evidence shows that contracts it inked with the company's raw materials suppliers were won out of competition, not conspiracy to force the rendering firm into an underpriced $865.8 million buyout.

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Optometry Clinic Valuation Multiples

Peak Business Valuation

Valuation multiples are a key part of valuing an optometry clinic. They provide a rough estimate of a clinic’s market value. Knowing how valuation multiples work can help business owners buy, sell, or gain financing for their optometry clinic. A thorough valuation is essential for making informed business decisions and planning for long-term success.

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Insurer Drops Fight Over $9M OpenText Merger Settlement

Law 360 M&A

Allied World National Assurance Company on Monday ended its lawsuit seeking a declaration that it wasn't obligated to contribute to a $9 million settlement in a shareholder class action stemming from Covisint Corp.'s merger with OpenText.

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Why Is TXNM Energy Stock Soaring On Monday?

Benzinga

TXNM Energy, Inc. (NYSE: TXNM ) shares are trading higher premarket on Monday after the company agreed to be acquired by Blackstone Infrastructure for $61.25 per share in cash at closing. The acquisition price represents a 23.0% premium over TXNM Energy’s unaffected 30-day volume weighted average price (VWAP) as of March 5, 2025, the day before media reports of a potential acquisition.

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Covington Corporate M&A Atty Moves To Clifford Chance

Law 360 M&A

Clifford Chance LLP has hired a Covington & Burling LLP partner for its U.S. corporate mergers and acquisitions practice to strengthen its capabilities in the healthcare and life sciences sector, the firm said Monday.

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We are now Avenga

Benzinga

PRAGUE, Czech Republic, May 19, 2025 (GLOBE NEWSWIRE) -- We are proud to announce that starting today, the global technology firms Qinshift and Avenga are operating as one company under a unified brand: Avenga. Today, we unveil Avenga : a bold new brand identity that reflects the scale of our business and the ambition driving our next chapter. The new identity includes a new website, updated communications, and unified visual assets that captures the energy and purpose of a company built for wha

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Wachtell-Led Regeneron To Buy 23andMe, Gaining User Data

Law 360 M&A

Regeneron Pharmaceuticals said Monday it emerged as the winning bidder for 23andMe, agreeing to pay $256 million to scoop the once high-flying consumer genomics firm out of bankruptcy while pledging to uphold strict privacy standards for using its customers' sensitive data.

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Traders dump Casino debt as fears grow over troubled grocer

Financial Times M&A

Investors cool on retail chain a little over a year after a restructuring led by billionaire Daniel Ketnsk

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NY AG Blasts Ski Resort Owner's Antitrust Fixes

Law 360 M&A

The New York attorney general's office has told a state court that alternative fixes being offered by a ski resort owner found to have violated antitrust law by buying and closing a competitor would "entrench the very monopoly" the court found illegal.

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The biggest US merger of 2025 also looks like an IPO

Financial Times M&A

The Charter-Cox deal is a transaction that looks to have been carefully engineered to suit strange times

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Aircraft Parts Co. TransDigm Nabs Servotronics In $110M Deal

Law 360 M&A

BakerHostetler-advised aircraft component producer TransDigm Group Inc. on Monday announced plans to acquire servo valve maker Servotronics Inc., led by Bond Schoeneck & King PLLC, in a $110 million deal.

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