Mon.Apr 17, 2023

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How do you audit risk management?

Norman Marks

You can’t audit what you don’t understand. That doesn’t mean you have to be an expert with years of experience as a risk practitioner. But you have to know enough about risk management to be able to assess whether it is effective. X What does “effective” mean?

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The March 2023 Bank Interventions in Long-Run Context – Silicon Valley Bank and Beyond

Harvard Corporate Governance

Posted by Andrew Metrick (Yale University) and Paul Schmlezing (Boston College), on Monday, April 17, 2023 Editor's Note: Andrew Metrick is the Janet L. Yellen Professor of Finance and Management at the Yale School of Management and the Director of the Yale Program on Financial Stability; and Paul Schmelzing is an Assistant Professor of Finance at Boston College and a Research Fellow at the Hoover Institution, Stanford University.

Banking 204
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Advisor Feature: Jimmy Span in the Grand Strand 

Viking Mergers

Along with his seven siblings, Jimmy Span watched his father work hard every day at a steady job to provide for the family. As a result, he learned the value of consistency, staying the course, and avoiding risk. Meanwhile, he saw his dad’s brother approach the world quite differently. Jimmy’s uncle was a lifelong risk-taker who became a Navy fighter pilot and, later, a successful investor.

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Proxy season 2023: increased expectations and unintended consequences

Harvard Corporate Governance

Posted by Peter Reali and Anthony Garcia, Nuveen, on Monday, April 17, 2023 Editor's Note: Peter Reali is Managing Director and Global Head of Stewardship and Anthony Garcia is Senior Director of Investment Stewardship at Nuveen. This post is based on their Nuveen memorandum. Proxy voting is one of few systematic and comparable ways for stakeholders to compare how different managers view a company’s environmental, social, and governance (ESG) program.

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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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What is business transformation?

Mckinsey and Company

Business transformations are designed to boost overall performance through increased revenue, lower operating costs, and better customer satisfaction and workforce productivity.

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Getty Images Too Hot To Handle? Activist Investor Calls On Tech Giants To Takeover

Benzinga

Activist investor Trillium Capital called on stock-photo company Getty Images Holdings Inc (NYSE: GETY ) to collaborate with technology firms and publishers to grow its revenue. Getty should expand its partnership with Nvidia Corp (NASDAQ: NVDA ) to tap the chip company's image-rendering technology, build a strategic relationship with Microsoft Corp (NASDAQ: MSFT ) & Bing through their Open API system, collaborate with Adobe.

More Trending

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Merck Acquires Prometheus Biosciences For $10.8B, Strengthening Its Immunology Pipeline

Benzinga

Prometheus Biosciences Inc (NASDAQ: RXDX ) shares are jumping Monday morning as Merck & Co (NYSE: MRK ) has agreed to acquire the company for $200.00 per share in cash for a total equity value of ~$10.8 billion. The transaction represents over 75% premium to Prometheus' last closing price of $114.01. Prometheus is developing PRA023 to treat immune-mediated diseases, including ulcerative colitis (UC), Crohn's disease (CD), and other autoimmune conditions.

Equity 98
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Camping World to Acquire All Seasons RV in Yuba City, Solidifies Position as the #1 RV Retailer in California

Business Wire M&A

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced an agreement to acquire All Seasons RV Yuba City, California. The acquisition is anticipated to close in the third quarter of 2023 and will increase the Company’s California location count to twenty-one.

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Why Are Blackboxstocks Shares Shooting Higher Today?

Benzinga

Blackboxstocks Inc (NASDAQ: BLBX ) shares jumped after the financial technology and social media hybrid platform entered a letter of intent to merge with Evtec Group Limited , Evtec Aluminium Limited , and Evtec Automotive Limited. The letter of intent is non-binding, except for a break-up fee of $500,000. Full story available on Benzinga.

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KKR Sued In Del. Over Equity Changes After Fleet Farm Buy

Law 360 M&A

Former owners of the Fleet Farm retail chain have sued an affiliate of Kohlberg Kravis Roberts & Co. LP in Delaware's Court of Chancery, alleging an improper, unilateral subordination of their original $100 million stake in the Midwest business.

Equity 75
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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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VanZandt Controls/Eagle Automation Acquires Commercial Radio

Business Wire M&A

FORT WORTH, Texas--(BUSINESS WIRE)--VanZandt Controls/Eagle Automation, a leader in industrial Valve Automation, Flow Measurement, Instrumentation, and Controls, announced the signing of an agreement to acquire Commercial Radio, Midland, TX. Since 2003, Commercial Radio has become a trusted distributor of Industrial Communications products including wired, Wi-Fi, radio, microwave, cameras, solar, antennas and towers.

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Sonic The Hedgehog Swoops On Angry Birds With €706M Bid

Law 360 M&A

Angry Birds franchise owner Rovio Entertainment Corp. said Monday that it is poised to accept a €706 million ($775 million) takeover offer from Sega Corp., the owner of the Sonic the Hedgehog franchise, guided by Roschier Attorneys Ltd. and Hannes Snellman Attorneys Ltd.

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CloudSoda Data Mover with Cost Analytics Launches as an Independent Company to Accelerate Growth

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)-- #CloudComputing--CloudSoda announced today that it will become an independent company, separating from its parent, Integrated Media Technologies, Inc. (IMT).

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Building On Successful Judicial Assignment Reform In Texas

Law 360 M&A

Prompt action by the Judicial Conference could curtail judge shopping and improve the efficiency and procedural fairness of the federal courts by implementing random districtwide assignment of cases, which has recently proven successful in Texas patent litigation, says Dabney Carr at Troutman Pepper.

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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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Private equity: how to buy a £6.8bn company for £200mn

Financial Times M&A

Plus, Apollo courts THG in its latest UK takeover play and an activist investor takes on Rome’s powerful politicians

Equity 80
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Catching Up With Delaware's Chancery Court

Law 360 M&A

Dominion Voting Systems' defamation suit against Fox News in Delaware Superior Court sucked attention away from the state's Court of Chancery last week, but the equity court was as busy as ever with disputes involving AT&T, Twitter, Walmart and Turkish yachts allegedly owned by terrorists.

Equity 72
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Exit Strategies Advises IRR Los Angeles & Orange County on their Sale to CBRE

Exit Strategy

Exit Strategies, a California based mergers and acquisitions (M&A) brokerage and business valuation firm, recently advised the owners of Integra Realty Resources of Los Angeles and Orange County on the sale of their Southern California commercial property and right-of-way appraisal business to CBRE Group, Inc. IRR Los Angeles co-owner, John Ellis, said, “Roy Martinez of […] The post Exit Strategies Advises IRR Los Angeles & Orange County on their Sale to CBRE appeared first on Exi

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How workplaces can become safer and more inclusive spaces for women

Mckinsey and Company

Research shows that women experience more workplace microaggressions than men and face more retaliation for speaking out.

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Advanced Multiples: The tools of valuation professionals at your fingertips

Equidam

Nothing can be priced in a vacuum, and so there is always some comparative element to startup valuation. This is where ‘multiples’ come into play. Multiples are an important building block of valuation, providing easy calibration to the fundraising market, and are used in two of the five methods on the Equidam platform. They are designed to be a quick reference to comparable companies and walk a fine line between simplicity and relevance.

EBITDA 57
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GSK bets on cough drug with $2bn deal for Canadian biotech

Financial Times M&A

UK pharma group agrees to buy Bellus Health in effort to strengthen pipeline

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Weighted Average Cost of Capital Explained – Formula and Meaning

Valutico

Weighted Average Cost of Capital Explained – Formula and Meaning In this article, we’ll explain what the Weighted Average Cost of Capital (WACC) is, by breaking it down into its components, and highlighting its role in valuing a company through the Discounted Cash Flow method (DCF). What is the Weighted Average Cost of Capital (WACC)? Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) prov

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Drilling Deep: Selling a Company into an ESOP

Butcher Joseph & Co.

Alberto Toribio del Pilar talks with FreightWaves about Rapid Response, Inc., a Midwest carrier that was sold recently to its employees through an Emp. The post Drilling Deep: Selling a Company into an ESOP appeared first on ButcherJoseph & Co.

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UBS Taps Buyback Program To Fund Credit Suisse Takeover

Law 360 M&A

UBS Group AG said on Tuesday that it will redesign its $6 billion buyback program so that it can use some of the shares for its 3 billion Swiss franc ($3.3 billion) takeover of Credit Suisse Group AG.

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Engle Martin & Associates, LLC anuncia aquisição da EIMC, LLC

Business Wire M&A

ATLANTA--(BUSINESS WIRE)--A Engle Martin & Associates, LLC ("Engle Martin"), provedora independente líder de mercado em gerenciamento e reclamações de sinistros, anunciou hoje que adquiriu a EIMC, LLC ("EIMC"), líder mundial na provisão de gerenciamento de riscos marítimos / oceânicos, investigação de sinistros e serviços de sub-rogação com sede em Jersey City, Nova Jersey e Londres, Inglaterra.

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Hershey Bolsters Supply Chain By Acquiring Two Popcorn Manufacturing Operations

Benzinga

Hershey Co (NYSE: HSY ) has entered into a definitive agreement to acquire two manufacturing plants from Weaver Popcorn Manufacturing. The financial details of the transaction were not disclosed. Weaver is a co-manufacturer of Hershey's SkinnyPop brand. Through the deal, Hershey will acquire Weaver's operations. Full story available on Benzinga.

Equity 52
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Engle Martin & Associates, LLC anuncia la adquisición de EIMC, LLC

Business Wire M&A

ATLANTA--(BUSINESS WIRE)--Engle Martin & Associates, LLC ("Engle Martin"), proveedor independiente de ajuste de pérdidas y gestión de reclamos líder en el mercado, anunció hoy la adquisición de EIMC, LLC ("EIMC"), proveedor líder a nivel mundial de gestión de riesgos marinos oceánicos, investigación de reclamos y servicios de subrogación, quien cuenta con oficinas en la ciudad de Jersey, Nueva Jersey y Londres, Inglaterra.

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Preparing Your Business for Sale: Tips for Streamlining Operations and Boosting Value

Sun Acquisitions

Are you considering selling your business ? If so, preparing your company for sale is the best place to start. Streamlining operations and boosting value are critical components of this process. With the proper knowledge, preparation, and execution of these strategies, you stand a better chance of maximizing value and finding the perfect buyer to take over your business.

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Engle Martin & Associates, LLC meldet Übernahme von EIMC, LLC

Business Wire M&A

ATLANTA, Georgia, USA--(BUSINESS WIRE)--Engle Martin & Associates, LLC („Engle Martin“), ein marktführender, unabhängiger Anbieter von Schadenregulierung und -management, hat heute die Übernahme von EIMC, LLC ("EIMC") bekannt gegeben, einem weltweit führenden Anbieter von Dienstleistungen in den Bereichen Seeschifffahrt, Risikomanagement, Schadenermittlung und Regressdienstleistungen mit Sitz in Jersey City, New Jersey, und London, Großbritannien.

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Allen & Overy Adds New US Privacy, Data Security Head

Law 360 M&A

Allen & Overy LLP said Monday it is continuing to expand its presence stateside with the addition of a cybersecurity and privacy expert as a new partner to lead the firm's U.S. privacy and data security practice based out of its Silicon Valley office.

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Samenvatting: Engle Martin & Associates, LLC kondigt overname aan van EIMC, LLC

Business Wire M&A

ATLANTA--(BUSINESS WIRE)--Engle Martin & Associates, LLC ('Engle Martin'), een toonaangevende onafhankelijke aanbieder van schaderegeling en schadebeheer, heeft vandaag aangekondigd dat het EIMC, LLC ('EIMC') heeft overgenomen, een vooraanstaande wereldwijde aanbieder van risicobeheer, claimonderzoek en subrogatiediensten voor de oceaan- en scheepvaart gevestigd in Jersey City, New Jersey en Londen, Engeland.

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The Right Customers Can Increase Business Value

Gergory Caruso

You may know that the quality of your employees can greatly impact the value of your business, but are you aware how your customers are affecting your profitability? It is important for businesses to identify customers who may be challenging to work with or who may cause problems that could affect the business’s reputation, profitability, […] The post <strong>The Right Customers Can Increase Business Value</strong> appeared first on The Art of Business Valuation.

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Nuveen Municipal Credit Income Fund Declares Post-Merger Distribution

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen Municipal Credit Income Fund (NYSE: NZF) has declared a post-merger distribution. The distribution follows the pre-merger distribution, announced on April 3, 2023.

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Europe’s Top Court on Merger Review: No Deals Are ‘Off the Table’

Cooley M&A

The European Union’s top court recently confirmed that an M&A transaction that does not require mandatory pre-merger authorization may be investigated post-merger on suspicion that the transaction involved an ‘abuse’ of the acquirer’s ‘dominant position’. Per the ruling in the Towercast case, pre-merger authorization under the EU Merger Regulation (or EU member state equivalents) is required for certain specified transactions, but the rules on merger review do not exclude the applicability o

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UBS Group Stock Is Sliding Today: What's Going On?

Benzinga

UBS Group AG (NYSE: UBS ) shares are trading lower Monday amid the Federal Reserve's approval for the bank to acquire the U.S. subsidiaries of Credit Suisse Group (NYSE: CS ). What Happened : Late Friday, the Fed's Board of Governors approved UBS's acquisition of Credit Suisse subsidiaries. UBS committed to give the Fed an implementation plan for the business.

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