Thu.Jun 26, 2025

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Beyond the Pendulum: Lessons from SEC’s Implementation of Staff Legal Bulletin 14M

Harvard Corporate Governance

Posted by Sanford Lewis and Khadija Foda, Shareholder Rights Group, on Thursday, June 26, 2025 Editor's Note: Sanford Lewis is Director and General Counsel and Khadija Foda is a Legal Consultant at the Shareholder Rights Group. This post is based on their Shareholder Rights Group memorandum. On February 12, 2025, the Staff of the Division of Corporation Finance (the “Staff”) of the U.S.

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Lumber Wholesale Valuation Multiples

Peak Business Valuation

Valuation multiples are fundamental in estimating the value of a lumber wholesale business. Identifying accurate lumber wholesale valuation multiples involves a thorough review of financial data and industry trends. For the most reliable results, business owners should consider receiving a professional lumber wholesale business valuation. As part of the valuation process, a business appraiser follows a detailed process to provide insight on the company’s fair market value, strengths, weaknesses,

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COSO and NACD Propose New Corporate Governance Framework

Harvard Corporate Governance

Posted by C. Michelle Chen, Robert W. Downes, and Marc Treviño, Sullivan & Cromwell LLP, on Thursday, June 26, 2025 Editor's Note: C. Michelle Chen , Robert W. Downes , and Marc Treviño are Partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Chen, Mr. Downes, Mr. Treviño, Julia Khomenko, Julia E.

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Senate's 41% Litigation Finance Tax Would Hurt Legal System

Law 360 M&A

The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

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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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Corporate Director and Officer Liability — “Discretionaries” Not Fiduciaries

Harvard Corporate Governance

Posted by Marc Steinberg (SMU Dedman School of Law), on Thursday, June 26, 2025 Editor's Note: Marc Steinberg is the Rupert and Lillian Radford Professor of Law at the SMU Dedman School of Law. This post is based on his recent book, and is part of the Delaware law series ; links to other posts in the series are available here. Since my days at the SEC in the 1970s and 1980s and my academic career that started shortly thereafter, it was gospel that corporate directors and officers are fiduciari

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Del. Justices Mull New Appeal In $1.5B Pipeline Co. Cashout

Law 360 M&A

An attorney for cashed-out minority unitholders of Boardwalk Pipeline Partners LP urged Delaware's Supreme Court to consider whether a controlling investor's interests "subverted" a crucial attorney fairness opinion used to justify a 2018, $1.5 billion deal that took the company private.

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65% of accountants lack confidence in MTD requirements

Accounting Web

Personal tax

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Gordon Brothers Acquires SOLIC Capital Advisors

Benzinga

Boston, June 26, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers , the global asset experts, has acquired SOLIC Capital Advisors (SOLIC), a premier financial advisory and investment banking firm with deep experience in realizing value recovery in complex situations. Gordon Brothers' acquisition of SOLIC is a complement to the firm's existing suite of asset services, lending and financing, and trading and broadens its client base by expanding its deep asset expertise to a variety of areas, inc

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Pivot or perish: Seven signs your startup is in trouble

Vested

Seven signals that your startup’s heading off-course, and how to pivot before it’s game over. Examples from Slack, Instagram and Monzo.

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Japan’s SMBC Buying Stake in Yes Bank

Global Finance

If successful, the transaction will represent the biggest cross-border M&A deal in India’s financial sector and is likely to be completed by the second quarter of 2025. During the March 2020 Yes Bank crisis, the RBI proposed a reconstruction plan to rescue the bank with the support of the State Bank of India (SBI) and other banks. SMBC will acquire a 13.19% stake from SBI and a 6.81% stake from other institutions, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC F

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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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EQT Investors Ink $167.5M Deal In Rice Energy Merger Suit

Law 360 M&A

EQT Corp. has agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy, according to a motion filed Thursday seeking preliminary approval of what the investors called the largest-ever stockholder suit deal lodged in Western Pennsylvania federal court.

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Swanson Industries Acquires the Off-Highway Business of TransAxle

Business Wire M&A

MORGANTOWN, W.Va.--(BUSINESS WIRE)--Swanson Industries, Inc. (“Swanson”), a portfolio company of Turnspire Capital Partners LLC (“Turnspire”), announced today that it has acquired the Off-Highway Business (the “Off-Highway Business”) of TransAxle Holdings, LLC. The Off-Highway Business is a premier U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems, and related industrial products for numerous off-highway verticals.

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Kirkland Guides PE Firm's £184M Bid For Energy Consultancy

Law 360 M&A

Inspired said Thursday that it has backed a £183.6 million ($252 million) takeover offer from U.S. private equity shop HGGC, as the energy and sustainability consultancy snubbed a rival offer from Regent International, a gas and metering services business.

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Wynnchurch Capital Exits Northstar Aerospace

Business Wire M&A

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of Northstar Aerospace (“Northstar” or the “Company”) to GE Aerospace. Headquartered in Bedford Park, Illinois, Northstar is a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications.

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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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Latham, Weil Lead PE-Backed Jefferson Capital's $150M IPO

Law 360 M&A

Private equity-backed consumer collections firm Jefferson Capital Inc. rallied in debut trading Thursday after pricing a $150 million initial public offering at the low point of its marketed range, represented by Latham & Watkins LLP and underwriters' counsel Weil Gotshal & Manges LLP.

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Comment on Baghdad Bob of Freddie Mac Merits Mention As Mideast Erupts by Eric Kretz

Appraisers Blog

“Freddie Mac’s own public advice to home buyers uses many of the words and phrases that the mortgage giant requires to be censored from third-party appraisal reports.” I got a revision from a now former AMC client a while back; 1004_05UAD – REPORT – Fair Lending – Comments in the report contain (AMERICAN) which could be a violation of fair lending practices.

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Performing As A Clown Makes Me A Better Lawyer

Law 360 M&A

To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

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The arithmetic is tricky for a Shell bid for BP today. Next year may be different

The Guardian M&A

Shell says it has ‘no intention’ of making an offer for BP. But if its share price rises, the numbers could work BP is a sitting duck for a takeover bid by most criteria. Its share price has underperformed rivals’ for years. The latest strategic “re-set” was a bits-and-pieces production involving disposals, which do not happen overnight, plus a dilution of green energy ambitions that upset one sub-set of shareholders and didn’t go far enough according to another.

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3 Firms Guide EQT On $1.1B Sale Of Pioneer To CarUX

Law 360 M&A

Morrison Foerster LLP, White & Case LLP and Nagashima Ohno & Tsunematsu are serving as legal counsel to EQT on a $1.1 billion deal to sell Pioneer Corp. to CarUX, a subsidiary of Taiwanese panel supplier Innolux Corp., EQT said Thursday.

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DNOW and MRC Global to Combine in All-Stock Transaction Creating a Premier Energy and Industrial Solutions Provider

Business Wire M&A

HOUSTON--(BUSINESS WIRE)--DNOW Inc. (NYSE: DNOW) (“DNOW” or “the Company”) and MRC Global Inc. (NYSE: MRC) (“MRC Global”) today announced that they have entered into a definitive merger agreement pursuant to which DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global’s net debt, creating a premier energy and industrial solutions provider.

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Akerman Adds Steptoe Energy Transactional Atty In DC

Law 360 M&A

Akerman LLP has hired a former Steptoe LLP partner who works on the regulatory, corporate and transactional aspects of energy deals and with related project development matters, the firm announced Wednesday.

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Inspirato and Buyerlink Announce Definitive Agreement to Combine Companies, Forming One Planet Platforms

Benzinga

Through a reverse merger valuing Buyerlink equity at approximately $326 million, Inspirato and Buyerlink will combine to establish a leading platform for building and operating online marketplaces across multiple verticals - Combined companies expected to deliver ~$350 million in revenue and ~$30 million in adjusted EBITDA in 2025 - Payam Zamani to serve as Chairman & CEO of the newly formed One Planet Platforms - Inspirato will continue to operate as a premier luxury travel company - Co

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FTC OKs $1.6B Gas Station Deal, With Divestiture Of 35 Stores

Law 360 M&A

The Federal Trade Commission announced Thursday an agreement resolving antitrust concerns regarding Alimentation Couche-Tard's proposed $1.57 billion acquisition of 270 fuel stations from grocery chain Giant Eagle, requiring the Canadian convenience store company to divest 35 gas stations.

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FalconEye Ventures Acquires Premium Mixed-Use Development Scottsdale Quarter

Business Wire M&A

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--FalconEye Ventures today announced it has acquired Scottsdale Quarter, a premier, 755,000-square-foot open-air mixed-use destination encompassing retail, dining, and office components, complemented by nearly 600 residential units. FalconEye Ventures is a real estate investment company founded by tech entrepreneur George Kurtz in 2020.

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Ellenoff-Led Cantor Equity's Latest SPAC Raises $240M

Law 360 M&A

Cantor Equity Partners III, the latest blank check company formed by Cantor Fitzgerald & Co., raised $240 million by offering 24 million shares at $10 and began trading on Thursday.

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From Crisis to Credibility: Reshaping Accounting CPD with Ethics at its Core

Accounting Web

People Tags CPD Ethics

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SEC Commissioner Peirce Speaks on Executive Compensation

Reynolds Holding

Good afternoon. Thank you to Chairman Atkins for convening today’s roundtable and thank you to the moderators and panelists for joining us to discuss this important topic. On a recent trip to Alaska, one of the most striking sights was the rich forests of Sitka spruces clustering on steep mountainsides climbing up from the sea. I quickly stowed my binoculars in favor of taking in the whole scene.

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Comment on Baghdad Bob of Freddie Mac Merits Mention As Mideast Erupts by Baggins

Appraisers Blog

In reply to steve. Educate me. How will anything change if the gse’s are privatized? I’m missing the point because all this disclosure is already present. And nothing happens, the investors still support the products and approach, are actively invested in real time right now. With the privatization with a promise of a continuing taxpayer back stop, I’m not understanding how anything would change.

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UK Investigating Boeing's $4.7B Deal For Spirit Aero

Law 360 M&A

Britain's Competition and Markets Authority on Thursday issued a call for comments about Boeing's planned $4.7 billion deal for aircraft parts maker Spirit AeroSystems to see if the tie-up will reduce competition in the country, joining U.S. enforcers who are already reviewing the deal.

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Comment on Baghdad Bob of Freddie Mac Merits Mention As Mideast Erupts by Baggins

Appraisers Blog

In reply to Frank Palatella. Sounds like they’re watching too much late night Cinemax. We’ve all been there. Maybe they live in one of those big cities. You never know.

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FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 05/2025 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 05/2024”. The Monitor is a monthly published overview of venture capital trends in the. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 05/2025 published appeared first on FCF Fox Corporate Finance GmbH.

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Comment on Baghdad Bob of Freddie Mac Merits Mention As Mideast Erupts by Cecilia Karr on Facebook

Appraisers Blog

Nothing new under the sun – among the first to go was back in the 80’s – “pride of ownership” Supposedly because it would imply “affluent area” Well-maintained lesser areas be damned?

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 05/2025 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 05/2025”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 05/2025 published appeared first on FCF Fox Corporate Finance GmbH.

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Comment on Baghdad Bob of Freddie Mac Merits Mention As Mideast Erupts by Pray Hard

Appraisers Blog

Good thing America isn’t North Korea, huh? If it was, we could be chastised severely for using Wrong Speak. (This same thing is being done all over America and in every facet of American life. We’re not alone. The leftist insanity is rotting everything.

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