Mon.Oct 17, 2022

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ESG Reporting: Asset Managers Express Divergent View

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Monday, October 17, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Annual Planning for a Recession in 2023: How to Prepare

Rhythm Systems

Is a recession on the horizon? A recession is "a significant decline in economic activity reflected in decline in aggregate demand, leading to lower output, employment, and income." This happens when consumers stop spending money because they don't feel confident about the future. In fact, it's the opposite of what you want - you want people to buy things.

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The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies

Harvard Corporate Governance

Posted by James J. Park (UCLA) , on Monday, October 17, 2022 Editor's Note: James J. Park is a Professor of Law at UCLA. This post is based on his recent book The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies. This year marks the twentieth anniversary of the passage of the Sarbanes-Oxley Act of 2002. Sarbanes-Oxley essentially requires every large public corporation to dedicate substantial resources to preventing securities fraud.

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Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Benzinga

Rupert Murdoch weighed merging his media empire, News Corp (NASDAQ: NWSA ) and Fox Corp (NASDAQ: FOX ), nearly a decade after the companies split. People familiar with Murdoch’s proposal said both companies could benefit from being more significant, the Wall Street Journal reported. The combined company would have more balance sheet strength to pursue acquisitions.

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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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Insider Trading Disclosure Update

Harvard Corporate Governance

Posted by Matthew E. Kaplan, Benjamin R. Pederson, and Jonathan R. Tuttle, Debevoise & Plimpton LLP, on Monday, October 17, 2022 Editor's Note: Matthew E. Kaplan , Benjamin R. Pederson , and Jonathan R. Tuttle are Partners at Debevoise & Plimpton LLP. This post is based on a memorandum by Mr. Kaplan, Mr. Pederson, Mr. Tuttle, Anna Moody , Ashley Yoon , and Mark Flinn.

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Activist Investor Starboard Has 5% Stake In Splunk, Likely To Discuss Its Prospects In Tuesday Meeting

Benzinga

Activist investor Starboard Value LP owning a sizable stake in Splunk Inc (NASDAQ: SPLK ), plans to push the software maker to take action to boost its stock price. Starboard's stake is just under 5%, the Wall Street Journal reported. Starboard founder and CEO Jeff Smith will appear at an activist-investing conference on October 18 and will likely detail the fund's thesis.

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Broadcom Seeks Early European Approval For VMware's $61B Buyout

Benzinga

In a bid to diversify its business into enterprise software, U.S. chipmaker Broadcom Inc (NASDAQ: AVGO ) agreed in May to acquire cloud computing company VMware Inc (NYSE: VMW ) for $61 billion. The company is seeking early European Union antitrust approval by pointing to competition from Amazon.com Inc (NASDAQ: AMZN ), Microsoft Corp (NASDAQ: MSFT ), and Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ).

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Are Computer Programs Biased or Unbiased?

Appraisers Blog

Whether or not computer programs are despised or supported depends on the narrative being spewed. Which is it? Are computer programs good for generating appraisal values but when the narrative is to influence an anti-police sentiment using computer programs is too problematic? Last week’s article titled “The Government Screwing Over an Entire Industry” strengthened my conviction how eager and anxious Fannie, Freddie, and certain Congress persons are to replace appraisers with computer programs.

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The big break: How retailers can break habits to support diverse-owned businesses

Mckinsey and Company

Our recent consumer survey found two important facts about American consumers. And retailers should take note.

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Bensons for Beds buys Eve Sleep hours after administrators called in

The Guardian M&A

Bensons hopes move will widen appeal to younger customers as Eve chief blames ‘economic tsunami’ for demise Bensons for Beds has bought Eve Sleep hours after the online mattress specialist called in administrators, having succumbed to what its chief executive described as an “economic tsunami”. Bensons, which has 166 stores and is owned by the private equity group Alteri Investors, said it had bought the website, brand and other related assets of Eve, including its creative content, in an attemp

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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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Will a labor crunch derail plans to upgrade US infrastructure?

Mckinsey and Company

There’s a historic and widening labor shortfall in the US construction sector. Yet it extends far beyond jobsites and varies by location, demanding tailored solutions.

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Ease Supply Chain Distribution Woes with EDI

Gross Mendelsohn

In any economy, there are only two ways to increase the bottom line: increase revenue and/or decrease costs. Electronic Data Interchange (EDI) is a tool that can help with both. By eliminating operational bottlenecks, EDI helps lower costs while allowing manufacturers and distributors, to focus on strategic objectives, including revenue growth opportunities like taking on a new customer.

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Building resilient supply chains for the European energy transition

Mckinsey and Company

To ensure a timely and orderly energy transition, companies and other stakeholders urgently need to strengthen each step of the already-stretched supply chains of key technologies.

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Online Gambling Software Market Worth USD 158.20 Billion in 2028 | Fortune Business Insights

Benzinga

Pune, India, Oct. 17, 2022 (GLOBE NEWSWIRE) -- The global online gambling software market size is expected to gain momentum by reaching USD 158.20 billion by 2028 while exhibiting a stellar CAGR of 11.4% between 2022 to 2028. In its report titled "Online Gambling Software Market Forecast [2022 - 2028]" Fortune Business Insights mentions that the market size stood at USD 66.72 billion in 2020.

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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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FTC Pay-To-Block Challenge May Foretell Antitrust Crackdown

Law 360 M&A

The recent Federal Trade Commission lawsuit accusing pesticide manufacturers Syngenta and Corteva of paying distributors to block competitors arises from a broader political context that has set the stage for the agency's reinvigorated approach to certain distribution arrangements, such as loyalty programs, exclusivity arrangements and tying, say attorneys at Freshfields.

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Goldman Sachs, the remix

Financial Times M&A

Plus, the reckoning facing Kirkland’s Hong Kong office and Cevian all but gives up on Vodafone

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Kanye West Buying Conservative Social Media Platform Parler

Law 360 M&A

Kanye West, who was recently locked out of Twitter and Instagram over antisemetic posts, will purchase Parlement Technologies’ “free speech platform” Parler for an undisclosed amount, the company announced Monday.

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Shale oil pioneer Harold Hamm to take Continental Resources private

Financial Times M&A

Billionaire cites ‘freedom to explore’ after transaction valuing US producer at $27bn

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Catching Up With Delaware's Chancery Court

Law 360 M&A

There was a lot of housekeeping going on in Delaware courts last week, as Lynn Tilton learned her control of cosmetics company Stila Styles had expired, Elon Musk and Twitter Inc. got their stale dirty laundry hung out, and a vice chancellor grumbled as he tried to get a streaming television service to work.

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Italian football club Inter Milan kicks off search for buyer

Financial Times M&A

Owner Suning becomes latest Chinese group to reduce exposure to European football

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Kanye West Agrees to Buy Parler, Company Says

NYT M&A

The agreement in principle to buy the social media service comes days after Twitter and Instagram restricted the rapper’s account for violating its terms.

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Harold Hamm: buyout of Continental Resources relies on debt capacity

Financial Times M&A

Billionaire can now drill, drill, drill to his heart’s content

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Growth Through Merger

Value Scout

When two companies merge together, the new entity they create is innately bigger and stronger. It boasts a new combination of products, people, and processes. It has an expanded presence in multiple markets, a larger customer base, a bigger portfolio of products and services, and more operational complexity. Mergers can be an extremely effective way to grow companies.

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Capitalized Earnings Method Launches

Valutico

Valutico Launches Method to Value Companies with Stable Earnings. Popular Valuation platform announces launch of new method for valuing businesses with stable earnings. Favored by business brokers, the capitalized earnings method is often used to help determine a valuation in the selling and buying of businesses. Valutico has today launched has today launched its latest product offering: the Capitalized Earnings Method, developed to value companies with stable earnings.

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Another Marijuana Firm Dumps A NY Cannabis Deal: Analyst Reveals Future Acquisition Targets And Their M&A Outlook

Benzinga

Just days after Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF ) notified Goodness Growth Holdings, Inc. (CSE:GDNS) (OTCQX: GDNSF ) of its intentions to ditch a deal to acquire the Canadian cannabis producer, Goodness Growth revealed a plan to commence legal proceedings against Verano. Goodness Growth, previously known as Vireo Health International , will seek significant damages for, among other things, a material breach of the agreement, failure to discharge its obligations thereunder and a b

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4 Financial Tips For Parents With College Kids

Financial Analyst Insider

Most parents would do anything to help their children succeed in life. But when it comes to money, many parents are at a loss for. The post 4 Financial Tips For Parents With College Kids appeared first on Financial Analyst Insider.

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Merger Monday Vindicated This Analyst Who Nailed BP's Offer Price As Energy M&A Heats Up

Benzinga

On Oct. 4, Wells Fargo & Co. (NYSE: WFC ) analyst Michael Blum initiated coverage of Archaea Energy Inc. (NYSE: LFG ) with an Overweight rating and a price target of $25 per share. About two weeks later, BP (NYSE: BP ) purchased Archaea for approximately $26 per share of class A and class B shares in cash, for a total deal value of $4.1 billion, including about $800 million of net debt.

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Storms Ahead? Best Practices for Forecasting Performance

Auto Dealer Valuation Insights

Having transplanted from Tennessee to Florida, I’ve just now gotten up to speed on the weather. In the summer, afternoon showers can pop up without warning, and the low 80s is “cool” for the locals. I am not there yet. Hurricane Ian blew through southwest Florida in late September, which had my family and Floridians keener to forecast models, storm tracking, and cone watching.

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Cano Health Stock Plummets As CVS Health Abandons Buyout

Benzinga

Cano Health Inc (NYSE: CANO ) shares plunged after reports that CVS Health Corp (NYSE: CVS ) has decided not to pursue an acquisition of Cano. Dealreporter was the first to report that CVS had decided against pursuing a deal with Cano Health, the. Full story available on Benzinga.com.

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What does a progressive company look like?

Vested

Startups are all about progress. From that very first moment when an idea transforms into a business plan and your goal begins to take shape in the real world, startups are all about making something out of nothing. But is it possible to be driven by progress and yet not truly progressive?

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Preformed Line Products Acquires Electric Hardware Provider Delta Conectores

Benzinga

Preformed Line Products Company (NASDAQ: PLPC ) has acquired Delta Conectores, S.A. de C.V. The financial details of the transaction were not disclosed. Delta Conectores designs and manufactures substation connector systems and accessory hardware for. Full story available on Benzinga.com.

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The Green Economy Update And Outlook

Benchmark Report

The global green industry is forecast to grow at a significant rate between 2022 and 2026. Over the past decade, the green economy’s market capitalization grew from $2 trillion in 2009 to more than $7 trillion in 2021. It also nearly doubled its share of the global investable market from 4% to more than 7%. Last year, the market grew at a steady rate and is expected to continue to do so with the growing adoption of strategies by key players.

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Psychedelics And Wellness: The Healing Company Buys PepsiCo-Backed Superfoods Company

Benzinga

The Healing Company Inc. (OTC: HLCO), a publicly traded company backed by Dr. Deepak Chopra and psychedelics investor Christian Angermayer among others, has acquired UK plant-based superfood brands Your Super to capitalize on two high-growth wellness sectors: superfoods and plant-based nutrition, which together represent more than $200 billion of global market potential.

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Porsche AG – worth an investment after the recent IPO?

Valutico

Dr. Ing. H.C.F. Porsche AG. Weekly Valuation – Valutico | 17 October 2022. Link to detailed valuation . About Porsche. The Dr. Ing. H.C.F. Porsche AG is well known all over the globe for its sports and luxury cars, especially for its legendary Porsche 911. The company had its IPO just recently where it achieved an issue price of €82.5 per share, the top end of its target range.