Harvard Corporate Governance
AUGUST 5, 2022
Posted by Mike Kesner and John Ellerman, Pay Governance LLC, on Friday, August 5, 2022 Editor's Note: Mike Kesner and John Ellerman are partners at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Rationalizing the Dodd-Frank Clawback (discussed on the Forum here ) by Jesse Fried.
Chris Curtain
AUGUST 5, 2022
Certified Business Appraisal for SBA Loans When does the SBA Require a Business Valuation? Small businesses are the backbone of the United States economy. They bring jobs, opportunities, and innovation to communities and neighborhoods across the country. The U.S. Small Business Administration (SBA) recognizes the role that these enterprises play in stimulating economic activity and, […].
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Mckinsey and Company
AUGUST 5, 2022
The American Opportunity Survey spotlights Americans’ views on the state of the economy and other trends. What did researchers find about how people think things are going and what the future holds?
Financial Times M&A
AUGUST 5, 2022
Big Pharma group is using cash pile from sales of Covid-19 vaccines to replenish drug pipeline
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.
Benzinga
AUGUST 5, 2022
The company most known for its Roomba robot vacuum, iRobot Corporation (NASDAQ: IRBT ), will be acquired by Amazon.com, Inc (NASDAQ: AMZN ) for $1.7 billion as the largest e-commerce corporation in the world expands its selection of personal and home electronics items. Amazon announced that it will pay iRobot stockholders $61 per share in an all-cash transaction that includes iRobot's net debt, representing a 22% premium over the company's Thursday closing price.
Financial Times M&A
AUGUST 5, 2022
Ecommerce group expands home technology portfolio but acquisition likely to attract regulatory attention
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
LaPorte
AUGUST 5, 2022
In June, the IRS began piloting a new compliance program for benefit plan sponsors. This program gives benefit plans 90-days’ notice of an upcoming examination,… The post 90-Day Pre-Exam Compliance Program for Retirement Plans first appeared on LaPorte.
Financial Times M&A
AUGUST 5, 2022
A who’s who of cultural annexation and capital flight
The Guardian M&A
AUGUST 5, 2022
Acquisition part of Amazon’s bid to accelerate its growth beyond retail, but concerns raised about market power of Bezos firm Amazon announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7bn, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which is equipped to integrate with various smart home s
Benzinga
AUGUST 5, 2022
The mudslinging seems to go on endlessly in the Twitter, Inc. (NYSE: TWTR )- Elon Musk saga. The latest episode has seen the social media platform filing a 127-page response to the Tesla, Inc. (NASDAQ: TSLA ) CEO’s countersuit. What Happened: Twitter’s Chairman Bret Taylor shared the document on the namesake platform late Thursday and said Musk’s claims are “factually inaccurate, legally insufficient, and commercially irrelevant.
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
National Law Review M&A
AUGUST 5, 2022
Louis Lehot Jurisdiction: All Federal Type of Law: Mergers & Acquisitions Communications, Media & Internet Financial Institutions & Banking Securities & SEC
Benzinga
AUGUST 5, 2022
Athenex Inc (NASDAQ: ATNX ) shares climbed during the after-hours session as India's Intas Pharmaceuticals and Dr Reddy's Laboratories Ltd (NYSE: RDY ) are reportedly in talks to acquire Athenex. According to the Economic Times report , the deal could be valued at $200-250 million as the U.S.-based biotechnology firm looks to sell a controlling stake.
Law 360 M&A
AUGUST 5, 2022
The Boy Scouts of America got a court's nod for the linchpin of its $2.7 billion Chapter 11 plan, the defamation damages trial of conspiracy theorist Alex Jones and his bankrupt media enterprise resulted in nearly $50 million in damages, and customers of cryptocurrency platform Voyager Digital can withdraw their cash from custodial accounts. This is the week in bankruptcy.
Auto Dealer Valuation Insights
AUGUST 5, 2022
Last week Pzena Investment Management, Inc. (ticker: PZN) announced that it had entered into an agreement to become a private company again via a transaction in which holders of PZN Class A common stock would receive $9.60 per share in cash, a 49% premium to its closing price before the announcement ($6.44). In this week’s post, we attempt to rationalize this premium and any implications for the.
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.
Law 360 M&A
AUGUST 5, 2022
Recent equity market declines — and technology history — cast doubt on the staying power of the tech platform lock-in effects used to justify proposed antitrust regulatory and legislative interventions, says Jonathan Barnett at the University of Southern California.
Cooley M&A
AUGUST 5, 2022
“Ian Nussbaum was a case law junkie from the start of law school, a habit that continues to shape his practice as an M&A lawyer, he said on the latest Drinks With The Deal podcast. Nussbaum, a partner at Cooley LLP in New York, reads deeply in the work produced by the Delaware Court of Chancery, and, he said, ‘Each case is like a mini-course on whatever the issue is, and you get a refresher’ on the topic.” Listen here.
Law 360 M&A
AUGUST 5, 2022
Cleary Gottlieb Steen & Hamilton LLP is fighting a bid by investors in two Delaware Chancery Court suits filed over CBS's $30 billion acquisition of Viacom for the firm to produce an email sent by media mogul Shari E. Redstone seeking legal advice on the merger.
Auto Dealer Valuation Insights
AUGUST 5, 2022
Second quarter earnings for publicly traded upstream producers are trickling in, and profitability has returned to the energy sector. In the meantime, government officials have been sending mixed messages to the upstream sector, desiring temporary supply relief in the aim of lowering prices whilst remaining bearish on fossil fuels overall. The industry response: thanks, but no thanks (a polite way.
Law 360 M&A
AUGUST 5, 2022
Tech billionaire Elon Musk branded Twitter Inc.'s key business measures as "reckless" or "at worst, intentionally misleading" in his answer to Twitter's Delaware Chancery Court suit to compel him to close on his $44 billion deal for the company, according to a copy made public early Friday.
Machen McChesney
AUGUST 5, 2022
Taxpayers should be aware that they may soon lose the advantage of long-term capital gain treatment in respect of carried interest should the Inflation Reduction Act of 2022 (2022 IRA) become law. The deal on a reconciliation package announced on July 27 by Senators Chuck Schumer (D-N.Y.) and Joe Manchin (D-W.Va.) would raise an estimated $739 billion in revenue, of which an estimated $14 billion would come from closing tax-advantaged provisions for carried interests.
Law 360 M&A
AUGUST 5, 2022
A former UnitedHealth Group executive admitted Friday that access to health care claims data was at least one key factor in the $13.8 billion purchase of Change Healthcare, giving fodder to U.S. Department of Justice allegations that the data could be misused to benefit UnitedHealthcare.
Vested
AUGUST 5, 2022
Getting your startup off the ground and realising your vision can be expensive. Businesses take time and money to grow, and revenue may be limited in the early days.
Benzinga
AUGUST 5, 2022
Pfizer Inc (NYSE: PFE ) is reportedly in advanced talks to buy Global Blood Therapeutics Inc (NASDAQ: GBT ) for about $5 billion, bolster its portfolio and pipeline. Global Blood Therapeutics markets sickle-cell disease treatment, Oxbryta, which generated $194.7 million in revenue in 2021. Full story available on Benzinga.com.
Benchmark Report
AUGUST 5, 2022
Benchmark International’s client N&L Investment Corporation, a provider of HVAC and plumbing services, has successfully sold to Hufsey Mechanical in Fort Worth, Texas. N&L Investment Corporation is a provider of HVAC and plumbing services for residential customers. The business operates as a franchisee of two highly reputable franchises, Pitzer’s One Hour Air Conditioning and Benjamin Franklin Plumbing.
ThomsonReuters
AUGUST 5, 2022
When making the business case for investing in automated indirect tax technology (IDT) and technology implementation, what the company stands to gain in terms of efficiencies and return on investment (ROI) are certainly important key factors, but the discussion must eventually come around to cost. Specifically: How much is the system going to cost the organization up front?
Benzinga
AUGUST 5, 2022
Amazon.com Inc (NASDAQ: AMZN ) agreed to acquire iRobot Corp (NASDAQ: IRBT ) for $61 per share in an all-cash transaction valued at $1.7 billion. The purchase price implies a 22% premium to iRobot's August 4 closing price of $49.99. iRobot has a history of making customers' lives easier with innovative cleaning products for the home. Dave Limp, SVP of Amazon.
Law 360 M&A
AUGUST 5, 2022
Auto retailer Pendragon PLC said on Friday that it has terminated talks with an international company over a £405 million ($492 million) buyout after one of its largest shareholders rejected the deal.
Benzinga
AUGUST 5, 2022
Seoul, South Korea , Aug. 05, 2022 (GLOBE NEWSWIRE) -- SNKRZ, a Move-to-Earn (M2E) platform developed in South Korea announced on August 4th its partnership with the leading game developer Wemade (known for its successful MMORPG Legend of Mir series in over 170 countries). Wemade became SNKRZ's biggest investor. . SNKRZ is a M2E fitness platform that allows users to exercise with their NFTs (3D sneakers) and earn rewards in coins.
Law 360 M&A
AUGUST 5, 2022
Guided by Baker McKenzie, QinetiQ US said Friday it's buying fellow government contractor Avantus Federal, led by Blank Rome LLP and Kirkland & Ellis LLP, from NewSpring Holdings at an enterprise value of $590 million.
Benzinga
AUGUST 5, 2022
SHANGHAI, China, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. ("Hywin", or the "Company") (NASDAQ: HYW ), a leading independent wealth management service provider in China, today announced that it has entered into a series of definitive share transfer agreements and capital increase agreement with Beijing iLife3 Technology Co.
Law 360 M&A
AUGUST 5, 2022
Moller-Maersk said on Friday that it has agreed to buy Danish logistics company Martin Bencher Group in a $61 million deal as the shipping giant looks to expand its own logistics services.
Benzinga
AUGUST 5, 2022
New York , Aug. 05, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Coinbase not expected to shine in upcoming earnings, but outlook isn't all bad click here. Musk and Twitter subpoena advisers in advance of October trial click here.
Law 360 M&A
AUGUST 5, 2022
The ex-owners of an auto servicing company acquired by Halfords have hit back at a lawsuit from the retailer demanding £1 million ($1.2 million) to cover its cash shortfall when the deal closed, arguing that the bike and car parts giant actually owes them money.
Benzinga
AUGUST 5, 2022
Acquisition is intended to expand X1 Esports' reach into Gen Z demographic and add additional revenue streams. Tyrus' talent operates as a digital influencer management firm, and is specializing in working with YouTube, TikTok, and Twitch content creators, brand ambassadors and brands across all social media channels. Tyrus' client roster of over 60 high profile content creators have a combined reach of over 20 million followers.
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