Wed.Sep 06, 2023

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Corporate Stakeholders and CEO-Worker Pay Gap: Evidence From CEO Pay Ratio Disclosure

Harvard Corporate Governance

Posted by Mei Cheng (University of Arizona) and Yuan Zhang (University of Texas at Dallas), on Wednesday, September 6, 2023 Editor's Note: Mei Cheng is an Associate Professor of Accounting at the University of Arizona and Yuan Zhang is an Associate Professor of Accounting at the University of Texas at Dallas. This post is based on their article forthcoming in the Review of Accounting Studies.

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Turning consumer and retail companies into software-driven innovators

Mckinsey and Company

As customers increasingly expect seamless, engaging digital experiences, consumer-facing organizations can follow six principles to perform like the most successful tech companies.

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Trend in Delaware Merits Heightened Attention by Acquirors

Harvard Corporate Governance

Posted by Ethan Klingsberg & Victor Ma, Freshfields Bruckhaus Deringer LLP, on Wednesday, September 6, 2023 Editor's Note: Ethan Klingsberg and Victor Ma are Associate at Freshfields Bruckhaus Deringer LLP. This post is based on their Freshfields memorandum, and is part of the Delaware law series ; links to other posts in the series are available here.

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Smurfit Kappa in $20bn merger talks with WestRock

Financial Times M&A

Europe’s biggest packaging company says it would cancel London listing and shift to US should deal complete

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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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Forward Thinking on funding a clean world with Ann Mettler

Mckinsey and Company

A leader on funding Europe’s energy transition talks about the three Ss that are necessary: speed, scale, and simplicity.

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Comcast and Disney Agree to Speed Up Hulu Deal

NYT M&A

Disney is poised to own the entirety of the Hulu streaming service, which has more than 48 million total subscribers.

More Trending

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Enbridge/Dominion: shrinking Virginian sells to confident Canadian

Financial Times M&A

The Calgary-based company’s acquisition shows it believes demand for natural gas will remain resilient

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European machinery companies: Achieving balance through innovation

Mckinsey and Company

What can help European countries move the needle as the labor shortage worsens and inflation and costs rise? Investing in new tech, talent, and products; programmatic M&A; and decarbonization.

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$167.5M CBS Class Settlement OK'd In Del. Viacom Deal Suit

Law 360 M&A

Saying it was an "easy decision," a Delaware vice chancellor on Wednesday approved what he described as an "extraordinary" $167.5 million settlement of hard-fought direct and derivative challenges to CBS Corp.'s $30 billion acquisition of Viacom Inc. in late 2019.

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Virgin Media O2 to snap up Russian oligarch-backed broadband firm

The Guardian M&A

UK government forced sale of ‘alt-net’ broadband provider Upp on national security grounds Virgin Media 02 is to buy a British broadband company owned by a Russian oligarch-backed investment company, after the government forced its sale on national security grounds. VM02, the UK telecoms merger joint-venture between US group Liberty Global and Spain’s Telefonica , is to buy regional broadband business Upp, in an all-cash deal for an undisclosed amount that is thought to be less than £100m.

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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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Weber Stockholder Sues In Del. For Docs On $3.7B BDT Buy

Law 360 M&A

An investor who held shares of grill maker Weber Inc. before it was taken private by BDT Capital Partners LLC has sued for access to company documents, seeking to probe the board's "entanglements" with BDT and investigate potential breaches of fiduciary duty in connection with the deal.

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Valuation Multiples for a Property Management Firm

Peak Business Valuation

Property management firms oversee residential and non-residential real estate for property owners. Often, this includes maintenance, rent collection, trash removal, security, etc… IBIS World notes that there are over 296,000 property management firms in the United States. Over the past several years, these businesses have generated about $114.9 billion dollars in revenue.

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FCC Nominee Gomez Poised For Senate Confirmation Vote

Law 360 M&A

The U.S. Senate plans to vote Thursday on the confirmation of Anna Gomez to the fifth seat on the Federal Communications Commission.

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Warner Music Expands Portfolio with Majority Stake in 10K Projects, Bolstering Next-Gen Talent

Benzinga

Warner Music Group Corp (NASDAQ: WMG ) inked a joint venture with 10K Projects , the groundbreaking Los Angeles-based label founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music's rival. 10K Projects will become a standalone label within the WMG ecosystem, bringing its superstar roster and next-generation team into the WMG fold.

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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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Six Categories CISOs Should Address in the Board Report

Audit Board

When reporting on your InfoSec compliance program to the Board, the main goal is to ensure board members are aware of high-risk cybersecurity items and InfoSec has the appropriate budget to address them. To accomplish this, InfoSec should prepare a strong narrative, and any request should be backed by compelling evidence. AuditBoard’s new ebook, T he InfoSec Survival Guide: Achieving Continuous Compliance , explores how organizations can best report on their compliance processes and gain support

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Why Is Healthcare Tech Firm NextGen Healthcare's Stock Trading Higher Today?

Benzinga

Thoma Bravo , a software investment firm, agreed to acquire NextGen Healthcare Inc (NASDAQ: NXGN ) for $23.95 per share in cash. Last month, NextGen Healthcare said it is exploring various strategic options, including possibly a company sale. Upon completion of the transaction, NextGen Healthcare will become a privately held company. The per-share. Full story available on Benzinga.

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Start Earning with a Junk Removal Business

Hallmark Brokers

Wouldn’t it be nice to make money taking care of other people’s unwanted garbage and junk? Yes, there is plenty of opportunity in the waste removal industry, provided you have patience and decent business acumen. We’ve seen folks achieve this right here in Sarasota. This article will show you how you, too, can make money. Read more The post Start Earning with a Junk Removal Business appeared first on Hallmark Brokers.

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Telefonica Stock Is Falling Wednesday - Here's Why?

Benzinga

Telefonica SA (NASDAQ: TEF ) stock is trading lower after it disclosed that Saudi Telecom Co Group, the leading communications operator in the Kingdom of Saudi Arabia and the Middle East, has acquired a 9.9% stake in Telefónica. The acquisition of shares representing 4.9% of the share capital of Telefónica and through financial instruments provides an economic exposure over the other 5% of the.

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Integra International Announces Exciting New Alliance with Valutico

Valutico

Integra International Announces Exciting New Alliance with Valutico Integra International Members Gain Privileged Access Alliance Saves Members Time and Costs Integra International, a global association of independent accounting and consulting firms based in London, and Valutico, a globally recognized leader in business valuation software, are thrilled to announce their innovative collaboration.

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M&A Integration Strategy: How to Acquire “New and Different”

M&A Leadership Council

SaaS Executives Share 5 Lessons By John Christman, Former Corporate Development Global Head of M&A Integration, Cognizant Technology Solutions Digital transformation is increasingly driving the acquisition of new, different and non-traditional businesses that require a substantially different approach to integration. And even though these acquisitions have become a strategy of choice for organizations in all sectors, our knowledge of best practices for “acquiring different” is extremely limi

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Navigating Volatile Markets: Strategies for Successful Investment Analysis

Financial Analyst Insider

The world of investing is characterized by its exhilarating highs and heart-wrenching lows. While the potential for substantial gains is alluring, the volatile nature of The post Navigating Volatile Markets: Strategies for Successful Investment Analysis appeared first on Financial Analyst Insider.

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Due Diligence: Government Contractors

John Jenkins

This Grant Thornton memo provides some thoughts on the unique diligence issues that buyers confront when buying a government contractor. This excerpt addresses the financial issues addressed through government contract due diligence: Traditional financial due diligence (FDD) focuses on financial statements and the accuracy of the quality of earnings.

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Telefónica/STC: Spanish deal spreads risks and builds soft power

Financial Times M&A

Saudi telecoms group follows in footsteps of Gulf rivals as it seeks to spread its wings internationally

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Compliance’s Next Challenge: Polarization

Reynolds Holding

Last year marked the 20 th anniversary of Congress’ enactment of the Sarbanes-Oxley Act , legislation that arose in response to Enron’s demise and the accounting scandals that followed, and which coincided with the successful and much-heralded prosecution of a string of high-level corporate executives. For a brief moment, our legislative, executive, and judiciary branches all seemed to work in tandem to ensure that corporate executives were held accountable for the losses and mayhem they caused.

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The media litigator getting into the PR game

Financial Times M&A

Plus, the Saudi Arabian telecoms group betting on Europe and the turbulent departure of Qantas chief Alan Joyce

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Web3 Ventures Expands Portfolio With Acquisition of Unstoppable Domains Shares From Pluto 11.11, Announces Changes to Board of Directors, Announces Amendment of Its Existing Equity Incentive Plan, and Issues Options and Restricted Share Units to Eligible Persons Pursuant to Its Equity Incentive Plan

Benzinga

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN TORONTO, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Web3 Ventures (the " Company ") is excited to announce its recent acquisition of 24,084 Series A-1 Preferred Stock of Unstoppable Domains Inc. (" Unstoppable Domains ") from Pluto 11.11 Inc. (" Pluto ") value of USD $1,110,978.07 in exchange for 302,186 multiple voting shares (" MVS Shares ") in th

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SEC Commissioner Criticizes Funding for Consolidated Audit Trail

Reynolds Holding

Thank you, Mr. Chair. The CAT has been expensive, far more costly than anyone imagined it would be. CAT’s considerable costs need to be allocated and no allocation method is ideal. And regardless of which approach we choose, most costs ultimately will come out of investor pockets. [1] My primary reason for not supporting today’s order adopting a funding model is that we fail to grapple with the need to establish a realistic constraint on CAT costs—costs that come in the form of dollars, time, an

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Check Point to Acquire Atmosec, an Innovative SaaS Security Vendor, as part of its Strategy to Deliver the Most Secure SASE Solution

Benzinga

SAN CARLOS, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Check Point ® Software Technologies Ltd. (NASDAQ: CHKP ), a leading provider of cyber security solutions globally, has announced the acquisition of Atmosec. An early-stage start-up, Atmosec specializes in the rapid discovery and disconnection of malicious SaaS applications, preventing risky 3 rd party SaaS communications, and rectifying SaaS misconfigurations.

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Cos. Pledge Up To $3B As Part Of US Battery Cell Venture

Law 360 M&A

Three global companies said Wednesday they are creating a joint venture that will aim to accelerate battery cell production and supply in the U.S. amid growing demand, pledging to invest up to $3 billion into the partnership.

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Kriya Acquires Tramontane Therapeutics and Launches Gene Therapy Program for Nonalcoholic Steatohepatitis (NASH) and Other Prevalent Diseases

Benzinga

– Kriya envisions treating people with NASH using a one-time intramuscular gene therapy enabling continuous expression of native FGF21 – – Kriya anticipates advancing its NASH gene therapy candidate into the clinic by 1H 2025 – PALO ALTO, Calif. and RESEARCH TRIANGLE PARK, N.C., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Kriya Therapeutics, Inc. , ("Kriya") a biopharmaceutical company developing gene therapies for conditions affecting millions of people around the world, today announced that it

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FTC-Amgen Deal: 'Major Advance,' Or 'Narrow Assurance'?

Law 360 M&A

The Federal Trade Commission and Amgen have very different takes on what their settlement allowing the company to complete its $27.8 billion purchase of Horizon Therapeutics signals for the agency's ability to contest pharmaceutical mergers that don't threaten head-to-head competition between specific products.

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ButcherJoseph & Co. Announced Finalists for Five M&A Deal of the Year Awards

Benzinga

ST. LOUIS, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Saint Louis, MO, September 2023 – The M&A Advisor announced the finalists of the 22nd Annual M&A Advisor Awards across several categories of M&A Transactions. ButcherJoseph & Co. has been nominated as finalists for its sell-side advisory role in two transactions across five award categories.

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AI Co. Valued At $200M In Merger With Andretti-Backed SPAC

Law 360 M&A

Generative AI software company Zapata AI and a blank-check company backed by race car driver Michael Andretti said Wednesday they would merge and take the company public at a value of $200 million, steered by Paul Weiss and Foley Hoag.

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FE International Advises Acquisition of 100 Days of Real Food by Organically Addison

Benzinga

NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- FE International, Inc. , the global market leader in mid-market technology mergers and acquisitions (M&A), today announced the successful acquisition of 100 Days of Real Food , a health food community website, by Organically Addison. FE International served as the sole sell-side M&A advisor on the acquisition. 100 Days of Real Food started in 2010 as a blog centered on resources and recipes to help readers remove processed foods and integrate