Harvard Corporate Governance

OCTOBER 9, 2023

Posted by Hajin Kim (University of Chicago), on Monday, October 9, 2023 Editor's Note: Hajin Kim is an Assistant Professors of Law at the University of Chicago Law School. This post is based on her paper forthcoming in the Journal of Legal Studies. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Does Enlightened Shareholder Value Add Value?

Marketability 198

Marketability 198

Mckinsey and Company

OCTOBER 9, 2023

It’s hard for companies to significantly beat long-term market TSR, harder still for the largest corporations, and hardest of all in the face of low growth. But industry endowment needn’t be destiny.

Marketability 115

Marketability Corporate Finance Finance Equity 115

Harvard Corporate Governance

OCTOBER 9, 2023

Posted by Laura D. Richman, Mayer Brown LLP, on Monday, October 9, 2023 Editor's Note: Laura D. Richman is a Counsel at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Ms. Richman, Jennifer J. Carlson , Lawrence A. Cunningham , Anna T. Pinedo , and David A. Schuette. Recent Proxy and Annual Report Developments INSIDER TRADING DISCLOSURES Environmental and Social Matters Additional Annual Report and Proxy Statement Matters In December 2022, the U.S.

Total Shareholder Return 188

Total Shareholder Return Equity Compliance Marketability 188

BV Specialists

OCTOBER 9, 2023

Like many professions, the appraisal industry is full of acronyms that only those well-versed in the lingo can identify at first glance. Here are a couple of abbreviated terms that will factor significantly in the overall valuation of your small business. EBITDA : Earnings Before Interest, Taxes, Depreciation, and Amortization Even the long version of this acronym is confusing to understand.

Appraisal 87

Appraisal EBITDA Business Valuation Banking 87

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.

Marketability

Financial Times M&A

OCTOBER 9, 2023

Jaime Gilinski Bacal tells the FT he has a record of buying assets in the sector cheaply and turning them around

Banking 104

Banking 104

Mckinsey and Company

OCTOBER 9, 2023

As the imperative to achieve net-zero emissions grows, semiconductor companies are increasingly focused on supplier emissions.

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Benzinga

OCTOBER 9, 2023

The European Union regulators are set to order Illumina Inc (NASDAQ: ILMN ) to divest its acquisition of cancer test developer Grail. The acquisition of Grail also fueled discontent among some of Illumina's shareholders. Activist investor Carl Icahn decried the deal as reckless and pressured the exit of Illumina's longstanding CEO, Francis deSouza, who agreed to step down in June.

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Benchmark Report

OCTOBER 9, 2023

At Benchmark International, your deal team will explore various avenues when sourcing a buyer for your company, from undertaking their own desktop research through to utilising a variety of M&A subscription platforms and connections your deal team has accumulated over the years. Our process ensures a targeted approach to the market, so we are more likely to generate interest from high-quality buyers and confidentiality is maintained – we don’t just put your company in the ‘shop window’.

Marketability 59

Marketability 59

Financial Times M&A

OCTOBER 9, 2023

Rare step comes after Brussels fined US biotech for buying Grail without approval

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Peak Business Valuation

OCTOBER 9, 2023

Flooring companies install various types of flooring. This includes resilient flooring, carpeting, wood, linoleum, etc… According to IBIS World , the flooring industry has experienced steady revenue and profit over the past several years. If you are looking to start, buy , or expand a flooring company an SBA loan can help. The Small Business Administration offers a wide variety of SBA loans for flooring companies.

Business Valuation 52

Business Valuation Finance Start-ups Appraisal 52

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

Corporate Finance

Benzinga

OCTOBER 9, 2023

Citigroup Inc (NYSE: C ) disclosed its plan to sell its onshore consumer wealth portfolio in China to HSBC Holdings Plc 's (NYSE: HSBC ) China division. The deal covers Citi's client base along with assets under management (AUM) and total deposits worth about $3.6 billion. The terms of the transaction, expected to close in H1 2024, were not disclosed.

Banking 52

Banking Equity Marketability 52

Reynolds Holding

OCTOBER 9, 2023

Robo-voting occurs when an investment fund mechanically follows the voting recommendations of its proxy adviser in corporate elections. The practice has become easier for funds with the development of online voting platforms that a proxy adviser can complete in advance with its recommended votes. In a new study, we examine over 65 million votes cast by 14,582 mutual funds from 2008 to 2021 to assess the prevalence of robo-voting and its impact on corporate elections.

Marketability 52

Marketability 52

Benzinga

OCTOBER 9, 2023

AerCap Holdings NV (NYSE: AER ) disclosed major transactions and financial developments of Q3 FY23. Leasing : The aviation leasing company inked 134 lease agreements, which comprise 24 widebody aircraft, 62 narrowbody aircraft, 25 engines, and 23 helicopters. Acquisitions : AER completed the purchase of 33 airlines, including 19 new aircraft, nine engines, and five helicopters.

Equity 52

Equity Marketability 52

Avanade

OCTOBER 9, 2023

Government agencies now have the opportunity to put digital at their core for the kind of modern transportation safety program that demonstrates value across human, organizational and community impact.

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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.

Marketability

Benzinga

OCTOBER 9, 2023

Bristol Myers Squibb & Co (NYSE: BMY ) has agreed to acquire Mirati Therapeutics Inc (NASDAQ: MRTX ) for $58.00 per share in cash, for a total equity value of $4.8 billion. Mirati stockholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12.00 per share in cash, representing an additional $1.0 billion of value opportunity.

Equity 52

Equity 52

Hallmark Brokers

OCTOBER 9, 2023

In the vibrant community of Sarasota County, there’s a unique opportunity waiting for discerning buyers. If you’re considering a business venture that combines decades of proven success with the allure of high-value Sarasota real estate, then you won’t want to miss this well-established dry cleaning business, presented by Hallmark Business Brokers.

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Benzinga

OCTOBER 9, 2023

National Western Life Group Inc (NASDAQ: NWLI ) shares are trading higher by around 14% after the company inked a definitive merger deal with Prosperity Life Group for about $1.9 billion in an all-cash transaction. As per the deal, each issued and outstanding NWLI Class A and Class B common shares will be converted into the right to receive $500 in cash at the merger closure.

Equity 52

Equity Marketability 52

Law 360 M&A

OCTOBER 9, 2023

German auto parts maker Schaeffler AG said Monday that it has made an offer for Vitesco that values the drive chain manufacturer at €3.6 billion ($3.8 billion), as the Schaeffler family seeks to increase its holding and prompt a merger.

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Benzinga

OCTOBER 9, 2023

Vitesse Energy Inc (NYSE: VTS ) disclosed value-accretive acquisitions, consequent FY23 guidance raise, and preliminary FY24 outlook. Acquisitions : The company obtained additional oil and gas stakes in the Williston Basin of North Dakota, which led to purchase and related development capital expenditures of around $50 million in Q3 and Q4 FY23. The company has acquired these interests through its Near-Term Development (NTD) acquisition program.

Equity 52

Equity Marketability 52

Law 360 M&A

OCTOBER 9, 2023

Bodycote PLC, a British thermal processing supplier, said Monday that it has agreed to buy two American businesses for $145 million and plans to open a new facility in California as it hopes to expand its footprint across the Atlantic.

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Rhythm Systems

OCTOBER 9, 2023

An empowered business development team is essential for companies looking to accelerate growth. But simply telling the group to "drive growth" lacks the focus to channel effort and track progress. This ambiguity leads to scattered, ineffective tactics.

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LaPorte

OCTOBER 9, 2023

(authored by RSM US LLP) For the first time in years, the risk premium has been positive, which is an important signal that interest rates are indeed returning to normal. The post The great rate reset: The end of easy money, rising yields and the onset of a new era first appeared on LaPorte.

Risk Premium 52

Risk Premium 52

John Jenkins

OCTOBER 9, 2023

In this post for the HLS Blog, three Skadden partners discuss the unique risk of short attacks. We’ve all seen that risk play out many times this year with numerous high-profile short attacks in the news.

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Norman Marks

OCTOBER 9, 2023

Both internal audit and risk functions have to be cognizant of one significant fact when it comes to providing their periodic reports to the board (or to an audit or risk committee of the board).

Compliance 49

Compliance 49

Financial Times M&A

OCTOBER 9, 2023

Car supplier offers €91 per share for electric vehicle specialist spun out of supplier Continental

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Benzinga

OCTOBER 9, 2023

LOS ANGELES and RÖDENTAL, Germany, Oct. 09, 2023 (GLOBE NEWSWIRE) -- MGA Entertainment, Inc. (MGA) , one of the world's largest and fastest growing privately held toy and entertainment companies, announced today that it intends to merge with Zapf Creation AG , Europe's leading manufacturer of nurturing dolls. Specifically, MGA's wholly-owned German subsidiary, which is the current direct major shareholder of Zapf Creation AG, has approached Zapf with an invitation to enter into ne

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Financial Times M&A

OCTOBER 9, 2023

Takeover bid is a decent plan, but value may come only as a delayed delivery

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Benzinga

OCTOBER 9, 2023

Acquisition expands Climb's reach in Ireland and the UK, while strengthening Product Offerings in Digital Workspace, Networking, Hybrid Multi-Cloud, and Cyber Security Transaction Expected to be Accretive to Earnings and Adjusted EBITDA EATONTOWN, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ: CLMB ) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, has compl

EBITDA 40

EBITDA Technology Marketability 40

Reynolds Holding

OCTOBER 9, 2023

On September 27, 2023, the U.S. Securities and Exchange Commission (“SEC”) announced charges against six public company insiders for failing to timely report information about their holdings and transactions in company securities. Five publicly traded companies were also charged with contributing to the filing failures by insiders or failing to report their insiders’ filing delinquencies. [1] The SEC imposed fines for these violations ranging from $66,00[link] to $200,000.

Equity 40

Equity Compliance Technology 40

Benzinga

OCTOBER 9, 2023

Ipsos strengthens its position in the North America Automotive market by acquiring the New Vehicle Customer Study from InMoment Paris (France) - New York (USA), October 9, 2023 – Ipsos , one of the largest market research companies in the world, announces the acquisition of the New Vehicle Customer Study (NVCS) – the largest and longest-running syndicated automotive program in North America from InMoment.

Marketability 40

Marketability 40

Financial Times M&A

OCTOBER 9, 2023

Plus, ExxonMobil’s potential shale mega-deal and the legal battle dividing a banking dynasty

Banking 40

Banking 40

Benzinga

OCTOBER 9, 2023

SAN FRANCISCO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The Bay Club Company ("Bay Club") took another step forward in its ongoing growth in the Bay Area announcing the acquisition of Rolling Hills Club ("Rolling Hills"). Rolling Hills joins Bay Club's Marin County Campus, which includes three additional properties. The acquisition of Rolling Hills 8-acre swim and tennis club located in Novato at the foothills of Mt.

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Farrel Fritz

OCTOBER 9, 2023

Imagine devoting years of costly litigation to rescinding a $1 million equity investment in an LLC for fraudulent inducement, prevailing on the merits by clear and convincing evidence after a full trial, but losing anyway because you named the wrong defendant. That was the painful outcome for an allegedly defrauded restaurant investor in a recent decision by Manhattan Commercial Division Justice Jennifer G.

Equity 59

Equity Banking Finance 59

Benzinga

OCTOBER 9, 2023

Lake Oswego, Oregon, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Oasis Wealth Planning Advisors (Oasis Wealth) and Lawrence Financial Planning (LFP) embrace synergies in a merger that places clients at the forefront, enveloped by additional expertise and a commitment to continuity. Tampa-based firm, LFP, headed by Julie Lawrence, CFP® as both President and Founder, identified Oasis Wealth as an optimal match for carrying forward the firm's commitment to clients specifically citing their mutual

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