Fri.Aug 11, 2023

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Weekly Roundup: August 4-10, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 11, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 4-10, 2023. CEO Tenure Rates Posted by Joyce Chen, Equilar Inc., on Friday, August 4, 2023 Tags: CEO turnovers , Director tenure , effective leadership , Executive Compensation , S&P 500 , strategic planning Spotlight on Recent M&A Delaware Decisions Posted by Barbara Borden and Sarah Lig

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Comment on The Nightmarish End of Home Appraisals by Baggins

Appraisers Blog

In reply to Mike. Well the above article about Larimer county rural avm’s being grossly off by hundreds of thousands of dollars through entire portions of semi rural communities. That’s ‘evidence’ per se right? In my very own home, the avm’s provided by the local MLS became skewed when my neighbor died of a work accident, and then via probate a sale was recorded years later, which was reflective of several years back and not current, as well as being a discounted am

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Corporate Fraud and the Consequences of Securities Class Action Litigation

Harvard Corporate Governance

Posted by Tamas Barko (Quoniam Asset Management), Luc Renneboog (Tilburg University), and Hulai Zhang (Tilburg University), on Friday, August 11, 2023 Editor's Note: Tamas Barko is a Researcher at Quoniam Asset Management, Luc Renneboog is a Professor of Corporate Finance at Tilburg University, and Hulai Zhang is a Researcher and PhD Candidate at Tilburg University.

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Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

In reply to Mary Cummins. Mary that’s so rich. When the popular narrative is contradicted by the ACLU, of all the organizations out there, the ACLU… HUD people sitting around reading that; ‘We’ve got problems.’ Post that link over and over and over again. Will look forward to reading. The impossible find, wow. I’m not even sure why I’m personally invested in this issue, nobody accuses me of such activity.

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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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Demystifying generative AI: Identifying the risks and benefits

Avanade

If your organization is struggling with growing data challenges, learn how to overcome them by reading our whitepaper on modern analytics and governance at scale.

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Comment on Appraisal Bias – A Counterpoint by Baggins

Appraisers Blog

In reply to Mark Davis. A breath of fresh air. This sites administrator also reads Mises. There is not enough time in the day and you know, The Liberty Daily is simply more entertaining, lol. Certainly most of us are not going with the idea of a new ‘modernization’ program, where we function as an employee tied to the desk answering to every special interest group they would dole out favors to, working for peanuts without benefits.

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Receive More Than $10,000 in Cash at Your Business? Here's What You Must Do.

Machen McChesney

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return.

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Accelerating the transition to net zero in life sciences

Mckinsey and Company

The majority of the industry’s emissions are Scope 3. By working with suppliers, companies can achieve net zero with 60 to 70 percent abatement at cumulatively zero cost.

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Comment on The Nightmarish End of Home Appraisals by Mike

Appraisers Blog

In reply to Fitz Turner. Comparing the data that Zillow used for their estimate to UCDP is a joke and poor journalism. Zillow doesn’t have even half the data points the GSEs have for their algorithms. Also, where is your evidence that appraisal waiver algorithms is leading to widespread overvaluation? So tired of appraisers inflaming other appraisers without having evidence or knowledge to make certain statements, you’re hurting the industry.

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DOJ Probes UnitedHealth Unit's $3.3B Amedisys Deal

Law 360 M&A

The U.S. Department of Justice has requested more information about Optum's planned $3.3 billion purchase of home health and hospice provider Amedisys after the UnitedHealth unit outbid another suitor.

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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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Comment on The Real Cause of the Home Value Gap Is the Income Gap by Mary Cummins

Appraisers Blog

Here’s an article by the ACLU on the racial wealth gap. They didn’t blame appraisers. They stated it was the income gap, homeownership rate gap and mortgage gap. The income gap causes the homeownership rate gap and the mortgage gap. Everyone else understands this except HUD. HUD is being bamboozled by lenders and politicians with their own agendas.

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FC Barcelona's Digital Media Arm Inks $1B SPAC Merger

Law 360 M&A

Spanish soccer giant FC Barcelona and special-purpose acquisition company Mountain & Co. I Acquisition Corp. on Friday announced a merger that will list FC's digital content creator Barca Media at an estimated $1 billion valuation, guided by four law firms.

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Comment on Appraisal Bias – A Counterpoint by Baggins

Appraisers Blog

Mr Mark Davis. You just blew my mind with that essay. Wow, great job. What strikes me is the similarity of those positions with other semi recent and historically sourced writing which claimed similar points of view. Echo’s from the past I suppose, still very valid today. Real world contemporaneous examples of if we do not know our history, condemned to repeat.

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Caregiver Flexibility Is Crucial For Atty Engagement, Retention

Law 360 M&A

As the battle for top talent continues post-pandemic, many firms are attempting to attract employees with progressive hybrid working environments — and supporting caregivers before, during and after an extended leave is a critically important way to retain top talent, says Manar Morales at The Diversity & Flexibility Alliance.

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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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Comment on Appraisal Bias – A Counterpoint by Mark Davis

Appraisers Blog

In reply to Baggins. Thank you for the kind words. Here is my archive: [link] although I haven’t submitted anything in about 5 years (many started that need to be finished). My energy levels and zeal have slowed and I “plant seeds” at many sites like this one, which I like in no small part due to your postings. Thanks for the links, too.

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'Bump-Up' Exclusion Doesn't Bar Viacom Execs' Coverage Bid

Law 360 M&A

Viacom's insurers cannot rely on a so-called bump-up exclusion to avoid covering a $122.5 million settlement resolving shareholder litigation stemming from the company's $30 billion merger with CBS, a Delaware court ruled, finding the exclusion is ambiguous as to whether it distinguishes between acquisitions and mergers.

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Comment on Appraisal Bias – A Counterpoint by Baggins

Appraisers Blog

In reply to Maria. Maria, because of this singular moment in time. Congressional hearings. The question posed; Is there a problem with racism in the appraisal industry/ The photo which will live in infamy, Mr Perry raised his hand and nobody else did. What followed was a relentless stream of 501c company activism to steak out a broad range of profitable business endeavors and special favor hand outs, which would not otherwise be possible if the traditional appraisal model remained in place.

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Amgen, Horizon Say FTC Constitutionality Key To Merger Row

Law 360 M&A

Amgen and Horizon Therapeutics urged an Illinois federal judge Thursday to preserve their attacks on the constitutionality of the Federal Trade Commission and its in-house process as part of the agency challenge to their $27.8 billion merger, arguing those assertions "are plainly relevant" to the case.

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Comment on Appraisal Bias – A Counterpoint by Mark Davis

Appraisers Blog

In reply to Baggins. I agree and have been planting those seeds for decades though I’ve slowed significantly of late: [link] Ron Paul is a National Treasure.

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Italy signs deal with KKR to take 20% stake in Telecom Italia’s landline grid

Financial Times M&A

Treasury’s preliminary agreement comes as the private equity fund prepares bid for prized fixed-line network

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Obtaining a Gym Equipment Appraisal

Peak Business Valuation

Obtaining a gym equipment appraisal is crucial before engaging in any gym transaction. Whether you are buying a gym , selling a gym , or seeking financing reach out to Peak Business Valuation. We provide comprehensive and precise gym equipment appraisals. We determine an accurate fair market value of your equipment. In this article, we review how Peak conducts gym equipment appraisals.

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July 2023 SAAR

Auto Dealer Valuation Insights

The July 2023 SAAR was 15.7 million units, almost exactly in line with last month’s SAAR but 18.2% higher than July 2022’s figure. This month’s data holds true to the ongoing trend of considerable year-over-year improvements that have remained strong as the year goes on. In fact, this month is the twelfth straight month of year-over-year improvements in the SAAR, marking a full year of rising.

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Arco Platform Agrees To Go Private Via $1.5B Merger Deal

Benzinga

Arco Platform Ltd (NASDAQ: ARCE ) has entered into an agreement and plan of merger with Achieve Holdings and Achieve Merger Sub , a wholly owned subsidiary of Bidders' HoldCo. Investment entities affiliated with General Atlantic L.P. and Dragoneer Investment Group, LLC have agreed to acquire. Full story available on Benzinga.

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Industry Expert vs. Valuation Expert: Which Should You Choose?

Auto Dealer Valuation Insights

In the complex world of the oil & gas industry, a nuanced understanding of industry intricacies and valuation principles is vital. While it’s common to find specialists in either industry knowledge or valuation methods, a complete solution requires a synergy of both these domains. In this article, we explore the unique benefits of both industry and valuation experts before delving into why a firm.

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Amcor Boosts Presence In India Through Phoenix Flexibles Buyout

Benzinga

Amcor PLC (NYSE: AMCR ) disclosed inking an agreement to acquire Phoenix Flexibles for an undisclosed amount, to boost its footprints in the high-growth Indian market. The acquisition is expected to close in the September 2023 quarter, subject to customary closing procedures. Amcor presently has four flexible packaging plants in India, with the business delivering double-digit organic sales growth annually over the last three years.

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Your Company Stories Determine Your Business Culture, Values and Goals 

Gergory Caruso

What stories are you telling about your business? At Your Company, storytelling is a core part of the business, beginning with the new employee onboarding process. New hires are welcomed with captivating narratives about the company’s journey, its values, and the achievements of prior employees. These stories educate the current employees about the company’s history […] The post Your Company Stories Determine Your Business Culture, Values and Goals appeared first on The Art of

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Michael Kors and Jimmy Choo To Join The House Of Coach and Kate Spade, But It's Not All Rosy: Analysts Weigh In

Benzinga

On Thursday, Tapestry, Inc (NYSE: TPR ) disclosed plans to acquire Capri Holdings Limited (NYSE: CPRI ) for $57.00 per share in cash for a total enterprise value of approximately $8.5 billion. The purchase price implies a premium of approximately 59% to the 30-day volume weighted average price ending August 9, 2023. Tapestry comprises iconic accessories and lifestyle brands, including Coach, Kate Spade, and Stuart Weitzman.

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Benchmark International Successfully Facilitated the Transaction Between Automaten Winkels GmbH & CO. KG (trading as Euroscope) and a German Search Fund

Benchmark Report

Benchmark International is pleased to announce the acquisition of Automaten Winkels GmbH & CO. KG ( trading as Euroscope ) by a German Search Fund candidate. Euroscope, based in Wuppertal, Germany, is Europe's largest producer and operator of coin operated telescopes and souvenir vending machines with more than 3,000 installed coin telescopes, penny press machines and souvenir vending machines.

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Owner of UK holiday resort Center Parcs races to seal sale

Financial Times M&A

Advisers to Brookfield try to fashion consortium from remaining bidders

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Use Of Escrows In Lower Middle Market M&A

Benchmark Report

An escrow account is a financial account managed by a third party, such as a bank or an attorney, and is used to hold funds or assets until specific conditions are met.

Banking 52
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Chelsea owners hope summer reset has put club back on track

Financial Times M&A

Chair Todd Boehly says morale is high despite team suffering its worst season in almost three decades

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The Big Number: $1.62 Billion

NYT M&A

The deal will put control of a cultural touchstone in the hands of a private equity firm

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Fintech as a Service (FaaS) Market worth $676.9 billion by 2028, growing at a CAGR of 16.9%: Report by MarketsandMarketsâ„¢

Benzinga

Chicago, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The Fintech as a Service (FaaS) Market is expected to experience substantial growth, with projections indicating a rise from USD 310.5 billion in 2023 to USD 676.9 billion by 2028, exhibiting a compound annual growth rate of 16.9%, during the forecast period , according to a new report by MarketsandMarkets™ The growth of the FaaS market is driven by factors such as the emergence of cloud computing technology which will facilitate operational fle

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Brazilian Education Tech Biz Valued At $1.5B After Merger

Law 360 M&A

Brazilian education software company Arco Platform Ltd. is set to merge with affiliates of private equity firm General Atlantic LP and Dragoneer Investment Group LLC in a deal that values Arco at approximately $1.5 billion and was crafted by 10 firms.