Tue.Aug 16, 2022

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Identifying Corporate Governance Effects: The Case of Universal Demand Laws

Harvard Corporate Governance

Posted by Steven Davidoff Solomon (University of California at Berkeley), Panos N. Patatoukas (University of California at Berkeley), and Byung Hyun Ahn (Dimensional Fund Advisors), , on Tuesday, August 16, 2022 Editor's Note: Steven Davidoff Solomon is Professor of Law at the University of California at Berkeley School of Law; Byung Hyun Ahn is a Researcher at Dimensional Fund Advisors; and Panos N.

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Elon Musk Says He's 'Buying Manchester United:' Is It A Better Deal Than Acquiring Twitter?

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said Tuesday he was buying the Manchester United Football Club , better known as Man United. What Happened: The billionaire said in a Twitter thread — in which he touched on his political affiliations — that he was buying the Old Trafford-based club that competes in the Premier League — the apex division of the English football league.

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ESG Trends and Expectations

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 16, 2022 Editor's Note: Marc S. Gerber , Greg Norman and Simon Toms are partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Adam M. Howard , Kathryn Gamble , and Patrick Tsitsaros.

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Navigating the Schedule K-2, K-3 Landscape – Don’t Overlook Penalty Relief

ThomsonReuters

Starting with their tax years that begin in 2021 (the 2021 tax year) pass-through entities with items of international tax relevance must contend with a number of new forms and instructions. Specifically, Schedules K-2 and K-3 for Form 1065, Partners’ Distributive Share Items—International, Schedules K-2 and K-3 for Form 1120-S, Shareholders’ Pro Rata Share Items—International; and.

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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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Proxy Season 2022 Briefing: United States

Harvard Corporate Governance

Posted by Brianna Castro, Courteney Keatinge, and Aaron Wendt, Glass, Lewis & Co., on Tuesday, August 16, 2022 Editor's Note: Brianna Castro is Senior Director of U.S. Research; Courteney Keatinge is Senior Director of Environmental, Social & Governance Research; and Aaron Wendt is Director of U.S. Governance Policy at Glass, Lewis & Co.

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Psychedelic Acquisition: Psycheceutical To Buy Majority Equity Stake In Maryland R&D Company

Benzinga

Publicly traded psychedelics company Psycheceutical Bioscience Inc. (OTC: BWVI ) is signing an exclusive purchase option with end-to-end pharma R&D company Vici Health Sciences ’ majority equity stake. The company develops cutting-edge gear and novel compounds for next-gen mental health treatments, most notably proprietary NeuroDirect and Janus particle delivery technologies.

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No End Date for Future Editions of USPAP

Appraisers Blog

Future editions of USPAP will have an effective start date but no end date. Folks, on Thursday August 11, 2022, the ASB/TAF announced the extension of the current USPAP to the end of 2023. Assuming that a ‘new’ USPAP is formally approved in time, the next issue of USPAP will become effective January 1, 2024. But here’s the interesting wrinkle about this, which I admit I missed in their 8/11/22 announcement: “How long is the current version of USPAP effective?

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Is your financial institution staying ahead of these evolving operational risks?

N Contracts

Operational risk is an ongoing challenge for every financial institution. The risk environment is constantly changing, and financial institutions that don’t keep up can expose themselves to unknown or unwanted risk — or miss emerging opportunities.

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A new age for the metaverse emerges in paediatric care

Avanade

The metaverse may seem like a far-reaching concept but the possibilities for the metaverse in paediatric care are closer than we might think.

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Basic Cyber Hygiene

LaPorte

Cybersecurity has been a chief concern among small business owners for some time, but protecting data from bad actors has become even more important since… The post Basic Cyber Hygiene first appeared on LaPorte.

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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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B.S.ing with Eli Albrecht [PODCAST]

National Law Review M&A

Major, Lindsey & Africa Jurisdiction: All Federal Type of Law: Law Office Management Mergers & Acquisitions Corporate & Business Organizations Special highlight:

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The McKinsey Crossword: Organized Animals | No. 89

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Extension of 2020-2021 USPAP

ISA

8/16/2022 12:00:00 AM. The Appraisal Foundation’s Appraisal Standards Board announced August 11, 2022, that it was extending the current USPAP another year through the end of 2023. The next published edition will be effective January 1, 2024. The full statement and FAQ on the decision is here. As a reminder, your appraisal reports are written to the current published edition of USPAP, which is the 2020-2021 edition.

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The Great Uncertainty: US consumer confidence and behavior during inflationary times

Mckinsey and Company

Our latest Consumer Pulse research shows that there’s more pressure than ever on consumer confidence. But despite a general feeling of pessimism, there are signals of hope in consumer behavior.

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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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How to Simplify Communication With Clients

Accounting Web

Clients How to Simplify Communication With Clients.

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Ted Baker recommends cut-price takeover offer from Authentic Brands

Financial Times M&A

UK fashion group says £211mn offer represents ‘fair value’ despite its rejection of previous higher-value bids

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Publishing Merger Won't Hurt Competition, Yale Prof Says

Law 360 M&A

A Yale University economist told a D.C. federal judge on Tuesday that there's plenty of competition in the publishing industry for the acquisition of new books and that author advances are not likely to fall after Penguin Random House acquires Simon & Schuster.

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The strong job market isn’t benefiting all Americans

Mckinsey and Company

Many respondents to McKinsey’s American Opportunity Survey say limited opportunities and a lack of skills are keeping them on the sidelines of the tightest labor market in 50 years.

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What Litigators Can Really Learn From Rambo

Law 360 M&A

A Rambo litigator is a consistently overaggressive and dishonest attorney, but the John Rambo of "First Blood," which recently celebrated its 40th anniversary, has several excellent qualities worth emulating in the legal profession, including professional competence, mental resilience and improvisational ability, says Christopher Van de Kieft at Gitlin Horn.

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How Auditors Helped Spread Stock-Option Backdating

Reynolds Holding

Stock-option backdating, the practice of changing the reported date of a stock-option grant to an earlier date, proliferated in the 1990s and early 2000s, with nearly one-third of public corporations engaging in it, according to some estimates (Heron and Lie, 2009). The discovery of it left many to wonder how such a practice could spread undetected so widely, for so long.

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Canadian Telecoms Ink Divestiture In Bid To Save $20B Merger

Law 360 M&A

Telecommunications corporations Rogers Communications Inc. and Shaw Communications have announced a deal to sell off a wireless carrier in an attempt to address an ongoing challenge to their $20 billion merger from Canada's Competition Bureau.

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Spending Arizona’s excess cash

Henry Horne

Many states across the country have a good problem to deal with these days. Excess cash. And Arizona’s excess cash is a record $5 billion surplus. Whether it be from increased tax collections and/or federal funding for pandemic relief. The landmark Wayfair decision in 2018 is also a factor as it cleared the way for … Keep Reading. The post Spending Arizona’s excess cash appeared first on Henry+Horne.

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Seagen For Sale? This Acquisition Target Is 'Too Intriguing To Ignore,' RBC Says

Benzinga

The recent pressure on Seagen Inc. ’s (NASDAQ: SGEN ) stock may offer a nearer-term opportunity, but the biotech's position as an attractive strategic target is “too intriguing to ignore.” That's according to RBC Capital Markets analyst Gregory Renza who named Merck & Co. Inc. (NYSE: MRK ) as a fitting buyer. The Seagen Analyst: Renza upgraded the rating for Seagen from Sector Perform to Outperform, while raising the price target from $179 to $188.

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iRobot: Valuation of Amazon’s latest Take-Over

Valutico

iRobot Inc. Weekly Valuation – Valutico | 16 August 2022. Link to the detailed valuation: here. iRobot is a US company listed on the NASDAQ that manufactures robots. iRobot’s best-known service robots are the Roomba hoover robot and the Scooba (now Braava) floor cleaning robot. The company also originally made robots for military use. Last week Amazon announced that it wants to buy the company for $60/share, a ~22% premium to its share price at the time.

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Del. Chancery Winds Up Trial On $9.3B Oracle-NetSuite Deal

Law 360 M&A

An interrupted, 10-day trial on stockholder claims that Oracle paid $3 billion too much for NetSuite in 2016 ended Tuesday in Delaware Chancery Court with conflicting expert testimony on what the $9.3 billion deal meant to the companies and the market.

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Q2 2022 Earnings Calls

Auto Dealer Valuation Insights

Supply issues continue to dominate the industry with no end in sight. New vehicle days’ supply is significantly below used vehicle supply given the numerous channels through which used vehicles can be acquired. As one would expect, supply chain issues have less impact on domestic dealerships than imports, particularly luxury. Many dealers currently have a significant number of pre-sold vehicles.

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Getting capital asset listings ready for audit

Henry Horne

All private or public organizations need to keep an accurate record of their assets for many reasons. One reason is so capital asset listings are ready for audits. Don’t miss: Implementing Internal Controls Over Fixed Assets What are capital assets? A capital asset is defined by GASB as land, improvements to land, easements, buildings, building … Keep Reading.

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Orbital Divests North American Gas Business To Mangan

Benzinga

Orbital Infrastructure Group Inc (NASDAQ: OIG ) has entered into an asset purchase agreement with Mangan, Inc , to sell its Houston, Texas gas business, Orbital Gas Systems North America Inc. Financial terms were not disclosed. Mangan will assume operations of Orbital's. Full story available on Benzinga.com.

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AuditBoard Launches Third-Party Risk Management Solution, Empowering Enterprises to Tackle IT Vendor Risk at Scale

Audit Board

Solution streamlines the assessment, monitoring, and remediation of third-party risk for information security, compliance, and risk teams. LOS ANGELES, CA — August 16, 2022 — AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced the availability of its Third-Party Risk Management solution.

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Ted Baker Agrees £211M Takeover By US Biz Authentic Brands

Law 360 M&A

U.K. fashion retailer Ted Baker said Tuesday that it has agreed to a £211 million ($254 million) takeover by the Authentic Brands Group, in a deal guided by Freshfields Bruckhaus Deringer LLP.

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Volkswagen Mexico Union Workers To Hold New Vote After Rejecting 9% Raise: Reuters

Benzinga

Volkswagen AG’s (OTC: VWAGY ) workers in the Mexico factory are set to hold a new contract vote after rejecting the initial agreement with the management of a 9% raise, Reuters reported. The initial. Full story available on Benzinga.com.

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Milbank Expands Antitrust Practice With DC Hire

Law 360 M&A

Milbank LLP has expanded its global antitrust and competition practice, adding a specialist in mergers and acquisitions and cross-border transactions as special counsel, according to a Monday announcement.

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Why now is actually the perfect time to launch a UK startup

Vested

General Motors in 1892. Hewlett-Packard in 1939. Microsoft in 1975. What do these companies all have in common?

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Proactive news headlines including American Rare Earths, Polymetals Resources, MGC Pharmaceuticals and C29 Metals Ltd

Benzinga

Sydney, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: American Rare Earths Ltd (ASX:ARR) has received firm commitments to raise A$14 million via the placement of shares at A$0.29 each. Click here. Polymetals Resources Ltd (ASX:POL) has progressed to early-stage mine acquisition discussions with an Australian-based company for the 100% purchase of the project.

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