Thu.May 19, 2022

Stewardship Activity Report

Harvard Corporate Governance

Posted by Benjamin Colton and Robert Walker, State Street Global Advisors, on Thursday, May 19, 2022 Editor's Note: Benjamin Colton is Global Head of Asset Stewardship (Voting & Engagement), and Robert Walker is the Global Head of Asset Stewardship (Strategy), at State Street Global Advisors.

What is an Earnout? What is a Seller Note? Protections to Consider When Selling a Business

Viking Mergers

When selling a business, the purchase price can be paid in several ways. Receiving the entire purchase price in cash at closing is, of course, the most straightforward and preferred option for the Seller.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Annual Meetings and Activism in the Era of ESG and TSR

Harvard Corporate Governance

Posted by Edward D. Herlihy, and Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Thursday, May 19, 2022 Editor's Note: Edward D. Herlihy is partner and Martin Lipton is a founding partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Herlihy and Mr. Lipton. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?

Benzinga

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.

Modernization of Beneficial Ownership Reporting

Harvard Corporate Governance

Posted by Robert Eccles (Oxford University), and Charlie Penner, on Thursday, May 19, 2022 Editor's Note: Robert G. Eccles is Visiting Professor of Management Practice at Oxford University Said Business School, and Charlie Penner is former head of impact engagement at JANA Partners and former head of active engagement at Engine No. This post is based on their recent comment letter to the U.S. Securities and Exchange Commission.

Equity 180

SinglePoint Says Boston Solar Acquisition Is First Of Many Planned For 2022

Benzinga

Image provided by Pexels. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Last month, SinglePoint Inc.

Do You Know the Signs of Financial Distress in a Business?

Machen McChesney

Financial statements tell only part of the story. Investors, lenders, and other stakeholders who know how to identify red flags of impending problems can protect their own financial interests. Additional due diligence may be needed to uncover these issues.

82

More Trending

Quantum computing just might save the planet

McKinsey

Exponentially more powerful machines could make possible major reductions in emissions, putting the goal of limiting global warming within reach. Digital Insights Digital Climate change

114
114

McDonald's Exits Russia - Read The Latest Update

Benzinga

McDonald's Corp (NYSE: MCD ) has entered into a sale and purchase agreement with its existing licensee Alexander Govor to sell its Russian business. The financial terms were not disclosed. Under this agreement, Govor will acquire McDonald's restaurant portfolio.

83

Under pressure Vodafone chief given ‘breathing space’ by new investor

Financial Times M&A

Nick Read says he is pursuing deals but shareholders are pushing for turnround at telecoms group

77

Harborside Acquires Full Ownership Of Seaside Cannabis Store

Benzinga

Harborside Inc. OTCQX: HBORF ) (CSE:HBOR) reached an agreement on May 18 to acquire a further 50% ownership interest in its Seaside, California store.

Machine Learning and the Future of Tax Valuation

Reynolds Holding

The tax law handles many computational issues with extraordinary efficiency. Need to compute employment taxes? The Internal Revenue Code (“Code”) lays out the rate for doing so. Need to ascertain the dollar amount deductible for business mileage expenses?

Fine Cannabis Goods Enters Into Agreement To Acquire Michigan's Green Diamond Farms

Benzinga

First Columbia Gold Corp (OTCPK:FCGD) operating as Fine Cannabis Goods , entered into an agreement to acquire Green Diamond Farms LLC of southwest Michigan.

Brookfield strikes £4bn deal for UK’s Homeserve

Financial Times M&A

Founder Richard Harpin to reap £300mn windfall from takeover by Canadian group

68

How The Tables Have Turned: Could Elon Musk Be 'Forced' To Buy Twitter?

Benzinga

The uncertainty around the Twitter, Inc. NYSE: TWTR ) deal has intensified ever since Elon Musk announced on the company's namesake platform that the deal had been put on hold. A Wall Street Journal report, quoting lawyers, suggests it might be difficult for the Tesla, Inc.

82

Financial inclusion and sustainable, inclusive growth in action

McKinsey

Access to financial services remains a significant barrier to prosperity for millions of Americans. How can businesses promote financial inclusion and support sustainable, inclusive growth more broadly? Future of America Financial inclusion United States Sustainability

96

THG rejects £2bn bid as Candy weighs up online retailer

Financial Times M&A

Approach from Belerion and King Street rebuffed but Nick Candy’s venture capital firm explores options for struggling Matthew Moulding group

65

The net-zero transition in the wake of the war in Ukraine: A detour, a derailment, or a different path?

McKinsey

The invasion of Ukraine will, at least initially, complicate the transition path to a net-zero economy, but this tragic development could still prove to be a turning point in accelerating progress in the medium run.

96

HomeServe/Brookfield: scouting for bids results in another UK buyout

Financial Times M&A

There is a whiff of opportunism — and conflicted interests — about the deal

64

CFO perspectives on leading agile change

McKinsey

CFOs across industries and regions came together virtually to discuss the impact and the challenge of leading an agile transformation journey. Insights on People and Organizational Performance Organizational restructuring

92

McDonald’s sells Russian business to Siberian entrepreneur

Financial Times M&A

Alexander Govor to take over chain’s restaurants under new brand and different menu

64

How economic-development organizations can seize funding opportunities

McKinsey

By harnessing funds from the American Rescue Plan Act, economic-development organizations have an opportunity to effect significant change in their communities—if they can organize themselves first. Public & Social Sector Insights Public & Social Sector Economic development

85

American Tire Distributors to Acquire Monro, Inc.’s Tires Now Distribution Assets

Business Wire M&A

HUNTERSVILLE, N.C. ROCHESTER, N.Y.--(BUSINESS BUSINESS WIRE)--American Tire Distributors (“ATD”) and Monro, Inc.

83

Del. Chancery Cracks Down On Non-Bankruptcy Bankruptcies

Law 360 M&A

A vice chancellor's swift denial of an unusual request that a company winding down in a state liquidation get a stay of litigation comparable to that in the federal Bankruptcy Code is a signal to companies seeking bankruptcy alternatives in Delaware that Chancery Court may have had enough

83

Utilligent Joins Forces with Quantitative Business Analytics (QBA) to Offer Unparalleled Smart Meter Data Expertise

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)-- #AMI--A business merger of companies that help utilities understand their information from smart meter investments. Making the smart grid smarter

83

Consumer Welfare A 'Catchphrase,' DOJ Antitrust Chief Says

Law 360 M&A

U.S. Department of Justice antitrust chief Jonathan Kanter delivered his sharpest critique to date of the dominant standard enforcers and courts use to assess the competitive impact of mergers and of marketplace conduct, assailing the consumer welfare standard as full of blind spots and too focused on wealth rather than "economic liberty."

83

Hasbro Completes Acquisition of D&D Beyond from Fandom

Business Wire M&A

PAWTUCKET, R.I.--(BUSINESS BUSINESS WIRE)--Hasbro, Inc. NASDAQ: HAS) today announced the completion of its previously announced acquisition of D&D Beyond, the leading digital RPG toolset and game companion to the iconic fantasy franchise, DUNGEONS & DRAGONS.

Procurement, early warning systems, and the next disruption

McKinsey

A pandemic, inflation, and geopolitical conflict are affecting global supply chains. We offer an approach companies can use to avoid product shortages and mitigate the effects of price volatility. Chemicals Insights Chemicals

82

H.I.G. Capital Completes Acquisition of Pixelle Specialty Solutions

Business Wire M&A

NEW YORK--(BUSINESS WIRE)-- #BarriersCoating--An affiliate of H.I.G. Capital has completed the acquisition of Pixelle Specialty Solutions Holding LLC

83

Client Service: How Did Your Firm Score This Tax Season?

ThomsonReuters

Unfortunately, businesses often make assumptions about what their clients want. Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere.

Socotra Acquires Avolanta to Add Unified Agent and Customer Portal to Its Advanced Policy Core

Business Wire M&A

AUSTIN, Texas--(BUSINESS WIRE)--Socotra, the partner of choice for innovative insurers, today announced the acquisition of Avolanta, a software startup offering the only unified portal purpose-built for the insurance industry.

Smart Connected Cars, OTAs, and Their Impact on Auto Dealers

Auto Dealer Valuation Insights

Lost in all of the headlines surrounding electric vehicles is another trend that has emerged in automobiles over the last several years: Connected Cars.

Blackstone Real Estate Income Trust Completes $3.7 Billion Acquisition of Resource REIT

Business Wire M&A

PHILADELPHIA & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced that Blackstone Real Estate Income Trust, Inc. BREIT”) has completed its previously announced acquisition of all of the outstanding shares of common stock of Resource REIT, Inc. the “REIT”) for $14.75

83

Accounting Technology Is at an Inflection Point

Accounting Web

Trends Accounting Technology Is at an Inflection Point

CURO Announces Transformational M&A Transactions

Business Wire M&A

WICHITA, Kan.--(BUSINESS BUSINESS WIRE)--CURO Group Holdings Corp. NYSE: CURO) (“CURO”), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, today announced that it has entered into a definitive agreement to sell its Legacy U.S.

Fifth Circuit Stays Proceedings in Case Vacating Portions of No Surprises Act’s IDR Regulations

ThomsonReuters

Texas Med. Assoc. HHS, 2022 WL 542879 (E.D. 2022); on appeal to 5th Cir., 22-40264, Doc. 00516304229 (May 3, 2022).

78

Inco-Check, LLC Acquired by Narrow Gauge Capital

Business Wire M&A

BOSTON--(BUSINESS WIRE)--Inco-Check, LLC today announced that Narrow Gauge Capital has completed the acquisition of a majority interest in the Company

81