Harvard Corporate Governance

NOVEMBER 6, 2023

Posted by Subodh Mishra, Institutional Shareholder Services, on Monday, November 6, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Liam Hardy, Senior Associate, ISS Corporate Solutions. Digital technology impacts businesses in myriad ways.

Technology 331

Technology 331

Benzinga

NOVEMBER 6, 2023

Cigna Corporation (NYSE: CI ) is reportedly contemplating the sale of its Medicare Advantage business and working with an investment bank to explore options for a business that could be worth billions, according to Reuters. The move follows a decade of expansion in the sector , including the acquisition of HealthSpring for $3.8 billion in 2011, and could signal Cigna's response to a challenging reimbursement environment.

Banking 105

Banking 105

Harvard Corporate Governance

NOVEMBER 6, 2023

Posted by Matthew Kahn (University of Southern California), John Matsusaka (University of Southern California), and Chong Shu (University of Utah), on Monday, November 6, 2023 Editor's Note: Normal 0 false false false EN-US ZH-CN AR-SA Matthew Kahn and John Matsusaka are Professors at the University of Southern California and Chong Shu is a Professor at the University of Utah.

Marketability 231

Marketability 231

BV Specialists

NOVEMBER 6, 2023

When there’s a need to settle someone’s estate, there are a lot of things to consider, and given the emotional component of this difficult and hectic time, it can become overwhelming. If the individual wholly owned or was a partner in a business, you will need to consider placing a value on these estate assets, to properly and fairly include them in the settlement.

Business Valuation 95

Business Valuation Appraisal 95

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.

Marketability

Machen McChesney

NOVEMBER 6, 2023

On September 6, the Financial Accounting Standards Board (FASB) unanimously voted to finalize new accounting rules on cryptocurrency assets — less than five months after the proposed standard was issued for public comment. Here’s what companies that hold these assets should know.

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Benzinga

NOVEMBER 6, 2023

LVMH Moët Hennessy Louis Vuitton (OTC: LVMHF ) (OTC: LVMUY ), the luxury goods conglomerate, has reportedly confirmed the acquisition of Barton Perreira , an eyewear brand based in Los Angeles. This strategic move is seen as a bid to enhance LVMH's portfolio with more accessible luxury items that appeal to a broader market, the WSJ reports.

Marketability 64

Marketability Equity 64

Audit Board

NOVEMBER 6, 2023

Not all risk-based approaches are created equal: does your bottom-up planning start with risks in mind? The traditional audit planning process starts with understanding the risk profile of your audit universe, all auditable entities, then building a plan based on risk ratings for the predetermined entities. As an alternative, a bottom-up approach starts with the risks and asks which entities are impacted by those risks, leading to a more accurate scoping for the audit plan.

Start-ups 52

Start-ups Specific Risk Technology 52

Financial Times M&A

NOVEMBER 6, 2023

UK fund manager Nick Train lashes out at ‘extraordinarily convoluted’ sales process on FT’s Money Clinic podcast

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Avanade

NOVEMBER 6, 2023

Hybrid Cloud is an ideal transitionary choice for central government agencies, offering the benefits of public cloud when its available and when it makes sense to use it, combined with the data residency and performance benefits of private cloud.

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RNC

NOVEMBER 6, 2023

Introduction A real estate developer had developed multiple projects out of which one project turned out to be NPA. Situation The project was developed by developers by acquiring development rights of a few blocks from a township project which includes few residential buildings and one commercial building. The developer had completed development of residential units and possession of the same was handed over; however the commercial units were left incomplete.

Discounted Cash Flow 52

Discounted Cash Flow Banking Marketability 52

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

Corporate Finance

Peak Business Valuation

NOVEMBER 6, 2023

Textile mills create a variety of products by spinning yarn from various materials. Some common textile mill products are window curtains and drapes, linens, conveyor belts, etc… According to IBIS World , there are about 12,600 textile mills across the United States. Together, these businesses generate around $8.8 billion dollars each year. We can expect healthy growth to occur in the textile manufacturing industry in the coming years.

Business Valuation 52

Business Valuation Finance Start-ups Appraisal 52

Benzinga

NOVEMBER 6, 2023

Hilton Grand Vacations Inc (NYSE: HGV ) reported a third-quarter FY23 sales decline of 8.8% year-on-year to $1.02 billion, missing the analyst consensus estimate of $1.05 billion. Revenues were affected by a net deferral of $12 million in the current period compared to a net recognition of $86 million in the same period in 2022. Real estate sales and financing segment revenues totaled $612 million, a decrease of $133 million from last year.

Finance 52

Finance Equity Marketability 52

Auto Dealer Valuation Insights

NOVEMBER 6, 2023

Capital budgeting can’t be avoided — the only question is whether your family business has a consistent and disciplined process for evaluating potential investments or instead makes significant capital commitments in a more haphazard way. In this video, we describe the key elements of the capital budgeting cycle and identify some common potholes along the way.

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Benzinga

NOVEMBER 6, 2023

Jabil Inc. (NYSE: JBL ) expands its commitment to sustainability by acquiring Retronix , a provider in the reclamation and refurbishment of electronic components. Deal terms were not disclosed. This move bolsters Jabil's capabilities in promoting the circular economy, aiming to minimize electronic waste through the reuse and recycling of product components.

Equity 52

Equity Marketability 52

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.

Marketability

Law 360 M&A

NOVEMBER 6, 2023

Hilton Grand Vacations Inc., advised by Simpson Thacher, will acquire fellow timeshare company Bluegreen Vacations, guided by Stearns Weaver Miller, in a $1.5 billion deal including net debt, the companies announced Monday.

Net Debt 52

Net Debt 52

Benzinga

NOVEMBER 6, 2023

Palo Alto Networks, Inc (NASDAQ: PANW ) has agreed to acquire Talon Cyber Security, a pioneer of Enterprise Browser technology, for $625 million. Talon's Enterprise Browser provides a cutting-edge solution that, combined with Prisma SASE, will enable users to access business applications from any device securely. Talon, cofounded by. Full story available on Benzinga.

Technology 52

Technology 52

Fox Corporate Finance

NOVEMBER 6, 2023

PRESS RELEASE Munich-based Financing Specialist FCF Fox Corporate Finance advises Dutch Agricultural Technology Innovator In Ovo in a pivotal funding round of EUR 40 Million. Munich, November 6, 2023 – FCF Fox Corporate Finance, a. Read more The post Munich-based Financing Specialist FCF Fox Corporate Finance advises Dutch Agricultural Technology Innovator In Ovo in a pivotal funding round of EUR 40 Million. appeared first on FCF Fox Corporate Finance GmbH.

Corporate Finance 52

Corporate Finance Finance Technology 52

Benzinga

NOVEMBER 6, 2023

Digital Brands Group Inc (NASDAQ: DBGI ) said its Board of Directors has unanimously decided to initiate a formal review to explore strategic alternatives. The review, slated to begin immediately, will evaluate a broad range of options to maximize shareholder value. "Given the continued dislocation between Digital Brand Group's public market value and the intrinsic value of Digital Brands Group's underlying assets, we believe an evaluation of strategic alternatives is.

Marketability 52

Marketability Equity 52

Financial Times M&A

NOVEMBER 6, 2023

Plus, the shareholder battle at Telecom Italia heats up and management consultants tighten their purse strings

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John Jenkins

NOVEMBER 6, 2023

You might think that with 2023’s challenging M&A environment, PE fund employees would be experiencing a big compensation hit. This Institutional Investor article says that’s not the case.

Equity 49

Equity Marketability 49

Norman Marks

NOVEMBER 6, 2023

For many years, the ERM Initiative of North Carolina University, in partnership with the AICPA & CIMA, has surveyed organizations about their assessments of the maturity of “risk oversight[1]” at their organizations. In October, 2023 they published “2023 Global State of Risk Oversight Report: Managing the Rapidly Evolving Risk Landscape”[2].

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Financial Times M&A

NOVEMBER 6, 2023

By accepting an offer without putting it to shareholders, TI is storing up trouble

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Reynolds Holding

NOVEMBER 6, 2023

On October 31, 2023, the Fifth Circuit, in Chamber of Commerce of the USA vs. SEC , [1] found that the Securities and Exchange Commission (the “SEC”) violated the Administrative Procedure Act and directed the SEC to “correct the defects” in its Share Repurchase Disclosure Modernization rules (the “Share Repurchase Rules”) within 30 days. The Fifth Circuit agreed with the U.S.

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Equilest

NOVEMBER 6, 2023

For further insights on valuing a landscaping company and to dive deeper into the intricacies of the process, feel free to explore our extended guide on the topic. Table of Contents Introduction The Importance of Valuing a Landscaping Company Methods for Valuing a Landscaping Business Financial Statements Analysis Market Research and Comparative Analysis Asset Valuation Income Valuation Methods Expert Appraisal Estimating Goodwill and Reputation Risk Assessment Factors Affecting Landscaping Busi

Business Valuation 40

Business Valuation Discounted Cash Flow Data Analysis Appraisal 40

Reynolds Holding

NOVEMBER 6, 2023

A number of regulations encourage whistleblowers to provide tips on corporate financial misconduct. For example, as a part of the 2011 Dodd-Frank Act, Congress enacted a whistleblower program to reward eligible individuals with up to 30 percent of the monetary penalties resulting from their tips. The Securities and Exchange Commission (SEC) says the program has provided valuable resources for investigating and detecting corporate misconduct (e.g., Ceresney 2016).

Firm Value 52

Firm Value Finance Marketability 52

Benzinga

NOVEMBER 6, 2023

COLUMBIA, Md., Nov. 06, 2023 (GLOBE NEWSWIRE) -- BigBear.ai (NYSE: BBAI ), a leading provider of AI-enabled business intelligence solutions, today announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, LLC (Pangiam), a leader in Vision AI for the global trade, travel, and digital identity industries, for approximately $70 million in an all-stock transaction.

Marketability 40

Marketability Technology 40

Law 360 M&A

NOVEMBER 6, 2023

Milbank LLP and Covington & Burling LLP are steering Guidehouse and its private equity owner Veritas Capital on a new agreement to sell the Virginia-based consultancy to Kirkland & Ellis LLP-led Bain Capital Private Equity for $5.3 billion, Guidehouse said Monday.

Equity 40

Equity 40

Benzinga

NOVEMBER 6, 2023

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S.

Treasury 40

Treasury Technology 40

Law 360 M&A

NOVEMBER 6, 2023

Communications company Liberty Latin America Ltd., advised by Baker Botts LLP, on Monday announced that it has agreed to buy DISH Network's spectrum assets in Puerto Rico and the U.S. Virgin Islands for an aggregate purchase price of $256 million in cash and international roaming credits.

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Benzinga

NOVEMBER 6, 2023

CLEVELAND, Nov. 06, 2023 (GLOBE NEWSWIRE) -- ExactCare ® , a national provider of medication management and comprehensive long-term pharmacy services and a Nautic Partners portfolio company, today announced that the acquisition of Tabula Rasa HealthCare, Inc. ® , a leading healthcare company advancing personalized, comprehensive care for value-based care organizations, is complete.

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Law 360 M&A

NOVEMBER 6, 2023

Clinical-stage private biotechnology company Orum Therapeutics, advised by Sterne Kessler Goldstein & Fox PLLC and Skadden, announced Monday that global pharmaceutical company Bristol-Myers Squibb has agreed to buy its program that is developing a treatment for patients with acute myeloid leukemia or high-risk myelodysplastic syndromes for up to $180 million.

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Benzinga

NOVEMBER 6, 2023

NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) -- FE International, Inc., the global market leader in mid-market technology mergers and acquisitions, proudly announces the successful acquisition of LinkBuilder.io , a prominent player in the SEO and link-building industry, by Next Net Media. Since its establishment in 2016, LinkBuilder.io has quickly become a reputable entity in the SEO and link-building sector, known for its process-driven approach to enhancing clients' search engine rankings.

Marketability 40

Marketability Technology 40

Law 360 M&A

NOVEMBER 6, 2023

Online home furnishing company Beyond Inc., formerly known as Overstock.com Inc., said Monday that CEO Jonathan Johnson is stepping down, a development that comes just days after hedge fund JAT Capital Management pushed the company to oust him.

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Benzinga

NOVEMBER 6, 2023

Hilton Grand Vacations (NYSE: HGV ) has announced an acquisition of Bluegreen Vacations (NYSE: BVH ) that is expected to be completed 2024-H1. Under the terms of the agreement, Hilton Grand Vacations has agreed to give Bluegreen Vacations $1.50 billion in cash in exchange for BVH stock. About The Companies Involved Hilton Grand Vacations Inc is a timeshare company engaged in developing, marketing, selling, managing and operating timeshare resorts, timeshare plans and ancillary reservation servic

Marketability 40

Marketability 40