Thu.Mar 09, 2023

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How To Prepare For A Business Sale

A Neumann & Associates

As business owners, you have put tremendous effort into building a profitable business overcoming obstacles, competition, pandemics and changes in your market. It is fair to say that you are the expert in your respective business. Eventually, there comes a time when owners want to sell their business and generally need assistance. The challenges of selling a business can be a complex process, but with proper preparation, you can increase the chances of a successful outcome and maximize the po

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2023 Proxy Season Preview – Compromise and Conflict Ahead

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Thursday, March 9, 2023 Editor's Note: Merel Spierings is a Researcher for the ESG Center at The Conference Board. This post is based on her Conference Board memorandum, in partnership with ESG analytics firm ESGAUGE and in collaboration with Russell Reynolds Associates and Rutgers Center for Corporate Law and Governance.

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Geopolitical risk: Navigating a world in flux

Mckinsey and Company

In a fast-fragmenting world, geopolitical instability has vaulted to the top of the CEO agenda. Here’s what today’s fraught global dynamics mean for leaders—and how they can begin grappling with geopolitical risk successfully.

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Public Reporting of Monitorship Outcomes

Harvard Corporate Governance

Posted by Veronica Root Martinez (Duke University) , on Thursday, March 9, 2023 Editor's Note: Veronica Root Martinez is Professor of Law at the Duke University School of Law. This post is based on her paper , recently published in the Harvard Law Review. When a company engages in misconduct, questions often arise over whether the company should handle its own remediation effort without outside oversight and assistance.

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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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Three Key Considerations for Nonprofits in 2023

Machen McChesney

Last year presented nonprofits with many challenges that will persist into 2023. Ongoing economic volatility, inflation-driven increases in operating costs, and intense competition for talent are among key issues that continue to threaten organizations’ operational and financial wellbeing.

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Digital engagement now typifies the Medicare Advantage experience

Mckinsey and Company

Medicare participants are responding to beneficiaries’ rising expectations for an omnichannel experience by enhancing their digital capabilities and engagement offerings.

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M&G chief bats away merger speculation

Financial Times M&A

Andrea Rossi insists company ‘has what it takes’ to expand organically as he unveils cost-cutting strategy

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The data and analytics edge in corporate and commercial banking

Mckinsey and Company

As corporate and commercial banks serve increasingly complex needs, new data- and analytics-powered tools can help the front line understand their customers and improve sales.

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Battle Of The Gaming Giants: Sony Fears Xbox May Sabotage 'Call Of Duty' On PlayStation

Benzinga

Sony (NYSE: SONY ) submitted documentation to the UK's Competition and Markets Authority (CMA) expressing concerns about Microsoft (NASDAQ: MSFT )'s potential moves to undermine the "Call of Duty" franchise on PlayStation, according to The Verge. The Japanese multinational conglomerate is worried about the tactics the Xbox maker could resort to if its proposed $68.7 billion acquisition of Activision Blizzard (NASDAQ: ATVI ) were to receive regulatory approval.

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Energy M&A Trends for 2023 (March Madness Edition)

National Law Review M&A

Christopher G.

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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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Marathon Petroleum Is A 'Cash Machine' Says Bullish UBS Analyst

Benzinga

UBS analyst Manav Gupta initiated coverage of Marathon Petroleum Corp (NYSE: MPC ) with a Buy rating and price target of $165. Gupta's report comes on the heels of Marathon's acquiring a 49.9% stake in renewable natural gas producer LF Bioenergy for $50 million. Over the past couple of years, the company has paid out $19.3 billion to shareholders, the highest among independent refiners, and is likely to return around $20.4 billion to shareholders.

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No Appraisals Required. The End of Appraisers?

Appraisers Blog

No appraisal may be required in the future! Fannie Mae took a direct shot at appraisers with the announcement of changes in their Selling Guide. Two options for the future, both of which do great harm to the appraisal industry. First, “third party” inspections. Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners.

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Quantive Acquires AuxinOKR, Launches Consulting Services Offering

Business Wire M&A

DENVER--(BUSINESS WIRE)--Quantive, the leading strategy execution platform, today announced the acquisition of AuxinOKR, a UK-based consulting firm that helps businesses execute on strategic initiatives using the Objectives and Key Results (OKRs) methodology. The company also announced the launch of Quantive Consulting to help customers implement organizational change management and operationalize transformation at all levels of their business.

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Two Counsel Teams Vie To Lead $43B Discovery-AT&T Suit

Law 360 M&A

Two law firm teams alternately claimed the better case and better arguments Thursday in a Delaware Court of Chancery class lead counsel duel for a suit challenging the fairness of Discovery Inc.'s $43 billion merger last year with AT&T's WarnerMedia business.

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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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Retailer Casino signs deal with trio of star French businessmen

Financial Times M&A

Heavily indebted group controlled by Jean-Charles Naouri close to securing a lifeline with Teract tie-up

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HHS Proposes HIPAA Standards for Electronic Health Care Claims Attachments

ThomsonReuters

Proposed Rule: Administrative Simplification: Adoption of Standards for Health Care Attachments Transactions and Electronic Signatures, and Modification to Referral Certification and Authorization Transaction Standard, 45 CFR Parts 160 and 162, 87 Fed. Reg. 78438 (Dec. 21, 2022) Available at [link] HHS has proposed regulations that would adopt a set of standards for the electronic exchange of clinical and administrative data to support prior authorizations and health care claims adjudication.

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February 2023 SAAR

Auto Dealer Valuation Insights

The February SAAR was 14.9 million units, down 6.3% from last month but up 8.6% from February 2022. Year-over-year increases in the SAAR have been a theme throughout the last several months. In fact, February 2023 marks the seventh month in a row that the SAAR improved from the year prior. Looking ahead, we believe that it is likely that year-over-year improvements will continue for several more.

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Navigate tax season with these resources for accountants

ThomsonReuters

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? And then having to decipher them into easy-to-understand nuggets that work for your clients? Enter: Thomson Reuters Tax Season Toolkit. This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting.

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From Due Diligence To Deal Completion: The Ultimate Checklist For Selecting A Mergers And Acquisitions Advisor

Benzinga

The stakes are high when it comes to choosing a Mergers & Acquisitions (M&A) advisor. Most entrepreneurs work toward the sale of their companies for years, decades, or even their entire careers, so making a poor choice in your M&A advisor can have a large negative impact on the transaction outcome. However, with the help of the right person, you can feel confident about getting the best outcome for your years of hard work and dedication.

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Third-Party Provider Data Breaches: 3 Lessons Learned | Ncontracts

N Contracts

It seems like everyday brings a new story about a data breach caused by a financial institution’s third-party provider.

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The oligarchs trying to sell their way out of sanctions

Financial Times M&A

Plus, pressure mounts on EY’s boss and Soho House tries a new strategy

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Stratasys Confirms Receipt of Unsolicited Acquisition Proposal From Nano Dimension

Business Wire M&A

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (the “Company”), a leader in polymer 3D printing solutions, today confirmed that it has received an unsolicited non-binding indicative offer from Nano Dimension Ltd. (Nasdaq: NNDM) to acquire Stratasys for $18.00 per share in cash.

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What Financial Advisors Can Learn By Studying Client Behaviors And Preferences

Truelytics

In this episode of the Modern Financial Advisor Podcast, Mark Gochnour , Head of Global Client Services at Dimensional Fund Advisors joined me to explore some of the discoveries he and his team have made about client preferences and behaviors via DFA's most recent "Global Investor Study". Mark also shares some interesting insights on what successful firms are doing to help their younger financial advisors develop their presence with HNW clients.

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5 Tips for Improving Your Business Finances

Financial Analyst Insider

Unless you run a financial services business, you probably did not start your company because you’re a finance person. At the same time, keeping a The post 5 Tips for Improving Your Business Finances appeared first on Financial Analyst Insider.

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Should We Provide a COBRA Notice of Unavailability to an Individual Who Is Not Covered Under Our Plan?

ThomsonReuters

QUESTION: We received notice from an employee that his son turned age 26 and is no longer an eligible dependent under our company’s group health plan. According to our insurer, however, the son is not covered under the plan because his coverage was previously dropped during open enrollment. Do we still need to send a notice of unavailability informing the employee’s son that he is not entitled to elect COBRA?

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Value Drivers for a Jewelry Store

Peak Business Valuation

In recent years, the jewelry store industry has suffered from intense external competition. This has led to small jewelry stores ceasing operations or merging with others. Additionally, marriage rates are declining and the price of gold is increasing. Both of these factors may negatively impact growth in this industry. However, despite these unfavorable conditions, there is still strong demand for jewelry stores.

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Agencies Finalize Third Round of SECURE Act and Other Revisions to Forms 5500 and 5500-SF

ThomsonReuters

Final Forms Revisions: Annual Information Return/Reports, 26 CFR Part 301; 29 CFR Part 2520; 29 CFR Part 4065, 88 Fed. Reg. 11984 (Feb. 24, 2023); Final Rule: Annual Reporting and Disclosure, 29 CFR Part 2520, 88 Fed. Reg. 11793 (Feb. 24, 2023); Fact Sheet: Changes for the 2023 Form 5500 and Form 5500-SF Annual Return/Reports (Feb. 23, 2023) Final Form Revisions Final Rule Fact Sheet The DOL, IRS, and PBGC have announced revisions to Forms 5500 and 5500-SF that apply to reporting for plan years

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Informa warns business events in China won’t recover until 2024

Financial Times M&A

Exhibition group records 33% rise in revenues and announces acquisition of rival Tarsus for $940mn

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$50 Million Prescription Drug Coverage Lawsuit Proceeds Against Stop-Loss Insurer and Pharmacy Benefits Manager

ThomsonReuters

Henkel of Am., Inc. v. ReliaStar Life Ins. Co., 2023 WL 1801923 (D. Conn. 2023) Available at [link] Two self-insured health plan participants diagnosed with a rare health condition incurred prescription drug expenses of over $50 million, leading the employer plan sponsor to file this lawsuit against the plan’s pharmacy benefits manager (PBM) and stop-loss insurer.

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Novel answer to healthcare crisis: Diagnose the problem, then fix it

Avanade

By incorporating Avanade X principles, we can help organizations improve their employees’ experience in meaningful, human-centered ways that truly matter to them.

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 Aetos Capital Acquires Leading Water Consulting Firm, WestWater, and Announces Plan to Develop a New Water-Focused Fund

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--Aetos Capital today announced that it has acquired WestWater Research (“WestWater” or the “Company”), the leading strategic consulting firm in the United States specializing in water. WestWater provides its clients with comprehensive water market research and advises on water entitlement valuation, trading, and M&A. As part of this transaction, the existing WestWater management team will retain a significant stake in WestWater and continue to lead the Company.

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Novo to Acquire Remaining 50% Interests in Belltopper Gold Project, Victoria, Australia

Benzinga

Novo to acquire remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures in Victoria, Australia As a result, Novo will have sole ownership of the Belltopper gold project (" Belltopper ") in the prolific Bendigo Tectonic Zone of Australia's Victorian Goldfields Consolidation of Belltopper will provide Novo with a central, strategic position in the region located approximately 50 km SSW from Agnico Eagle's high-grade Fosterville gold mine Novo has identified a str

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Will luxury brand LVMH continue to outpace the stock market?

Valutico

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Weekly Valuation – Valutico | 6 March 2023 Link to valuation About LVMH Moët Hennessy – Louis Vuitton LVMH is a Paris-based luxury goods conglomerate. With a market capitalization of €395 billion, it is the most valuable company in Europe. Several luxury brands like Christian Dior, Givenchy, Fendi, Marc Jacobs and about 71 others are housed under the umbrella of LVMH.

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2 Firms Lead Publisher's $940M Buy Of Business Events Co.

Law 360 M&A

Publisher Informa said on Thursday that it has inked a deal to buy business events specialist Tarsus for $940 million from a private equity investor, Charterhouse Capital Partners LLP, in a deal advised by Dentons and Allen & Overy.

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