Thu.Jan 18, 2024

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Poison Bonds

Harvard Corporate Governance

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam) and Shuo Xia (Halle Institute for Economic Research), on Thursday, January 18, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Research and Leipzig University.

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Uber Could Be Brewing A Plan To Enter Grocery Sector: Instacart Stock Spikes On Acquisition Whispers

Benzinga

Uber Technologies Inc (NYSE: UBER ) is reportedly considering the acquisition of grocery delivery company Instacart, according to a recent analyst report. The news has significantly impacted Instacart’s (NASDAQ: CART ) stock, which experienced a notable surge. What Happened : Barron’s reported on Wednesday that Instacart’s stock price saw a substantial increase on Wednesday following speculation by a Wolfe Research analyst, Deepak Mathivanan , that the company could be a potent

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2023 Disclosure Practices on Board Leadership and Structure

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Thursday, January 18, 2024 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Ass

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Davis Polk Partner Fires Back At Ex-Associate Suing Firm

Law 360 M&A

A Davis Polk & Wardwell LLP partner told a Manhattan federal jury Thursday that a Black attorney who claims he was fired for airing diversity concerns had turned in "unusable" work, testimony that followed a brief bid to impugn the partner's own performance.

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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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Key Considerations for the 2024 Proxy Season

Harvard Corporate Governance

Posted by Steven J. Slutzky, William D. Regner, and Simone S. Hicks, Debevoise & Plimpton LLP, on Thursday, January 18, 2024 Editor's Note: Steven J. Slutzky , William D. Regner , and Simone S. Hicks are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Slutzky, Mr. Regner, Ms. Hicks, Eric T. Juergens , Benjamin R.

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Kirkland, LEX Guide JBT's €3.5B Bid For Icelandic Rival

Law 360 M&A

U.S. food processing technology giant JBT Corp. said Friday that it will launch a fresh €3.5 million ($3.8 billion) offer for Marel HF, after the Icelandic rival rejected two previous bids.

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TPRM 101: What Is Third-Party Vendor Contract Management?

N Contracts

The average community bank or credit union has between 400 and 600 vendor agreements. That’s a lot of contracts to manage. Without a standardized and centralized approach to contract management, there’s no way for a financial institution to truly understand its third-party risk or the controls available to manage it.

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Growth strategies for the purchase-mortgage market

Mckinsey and Company

US mortgage lenders rethinking their value proposition for a constrained market should weigh five key actions to sustain growth in mortgage financing for home purchases.

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Private equity predicts deal rebound as sellers capitulate on prices

Financial Times M&A

Davos dealmakers say pressure to return cash to investors will push buyout houses to sell investments despite low valuations

Equity 95
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Cybersecurity Biz IronNet's Equity Swap Ch. 11 Plan OK'd

Law 360 M&A

IronNet Inc., a cybersecurity firm founded by a former head of the NSA, received court approval Thursday for its Chapter 11 plan to exchange secured debt for equity in a reorganized business, telling a Delaware bankruptcy judge that it had resolved all concerns related by interested parties.

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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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Africa’s leap ahead into cloud: Opportunities and barriers

Mckinsey and Company

Early indications hint at an impressive surge into the cloud by some African businesses—and the potential to unlock much greater value.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching. Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guid

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Spirit Airlines Navigates Financial Turmoil Amid JetBlue Airways Merger Fallout

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) is grappling with financial uncertainties after a federal judge rejected its $3.8 billion deal with JetBlue Airways Corporation (NASDAQ: JBLU ). The decision, based on antitrust concerns, has forced Spirit to reassess its options in the wake of near-term debt maturities, with approximately $1.1 billion due in September 2025.

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Benchmark International Successfully Facilitated The Management Buyout Of United Wholesale Supply, Inc.

Benchmark Report

Benchmark International, a leading global M&A advisor to the middle market, proudly announces the successful management buyout of United Wholesale Supply, Inc., a prominent provider of cabinets and appliances in the Puget Sound region. This strategic transaction marks a new chapter in United Wholesale’s legacy, ensuring its continued growth and innovation under the stewardship of its dedicated leadership team.

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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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AMA: Alejandra de Brunner, founder of the ETHOS Network

Vested

Alejandra de Brunner reveals the story behind the incredible social media network ETHOS. And how they're making meaningful conversations among young people happen.

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Recreating a Nearly Defunct, But Long Admired, Watch Brand

NYT M&A

As Breitling takes over Universal Genève, it reveals its strategy for making the brand successful again.

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Citi, LuminArx Launch $2B Private Lending Vehicle

Law 360 M&A

Citigroup and LuminArx Capital Management have launched a new private lending vehicle, Cinergy, that will be backed by more than $2 billion in capital, the companies said Thursday.

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How to Value a Hair and Nail Salon

Equilest

To delve deeper into the intricacies of salon valuation, let's explore specific strategies and best practices that can enhance the value of your hair and nail salon. From leveraging social media for brand promotion to implementing customer loyalty programs, there are numerous tactics that can contribute to the overall success of your salon business.

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Why Should You Consider Integrating TDR in Real Estate Plans?

RNC

Imagine you have a piece of land that holds immense potential for development. Now, what if you could leverage that potential to not only increase the value of your land, but also contribute to a more sustainable future? This is where the strategic integration of TDR in real estate planning comes into play. Think of your property as a valuable asset , like a versatile toolkit.

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Microsoft Asks To Depose Sony, Ubisoft In FTC Challenge

Law 360 M&A

Microsoft is asking a Federal Trade Commission administrative judge for authority to join in on the FTC's upcoming deposition of executives from Sony and Ubisoft, saying its inclusion in the proceedings would help it defend its acquisition of Activision Blizzard.

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Tempur Sealy Analyst Has 4 Reasons For Turning Bullish Ahead Of Mattress Firm Deal

Benzinga

Tempur Sealy International Inc (NYSE: TPX ) is progressing to close the Mattress Firm acquisition this year. The Lexington, Kentucky-based company has emerged as a “dominant” player in the mattress industry and its multi-year growth outlook is “becoming highly attractive to long-term investors,” according to Piper Sandler. The Tempur Sealy International Analyst: Peter Keith upgraded the rating for Tempur Sealy International from Neutral to Overweight, while raising the pr

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STX Sues Fintech Co. In Chancery For Breached Walmart Deal

Law 360 M&A

STX Business Solutions filed a lawsuit in Delaware Chancery Court against Financial-Information-Technologies and several affiliates, alleging they deliberately skipped a profitable Walmart deal to avoid paying agreed-upon earnings under a sale agreement.

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Alamos Gold Acquires Orford Mining, Targets Domestic Growth Prospects

Benzinga

Alamos Gold (NYSE: AGI ) agreed to acquire Orford Mining Corporation (ORMFF) as part of a $16-million deal. The Canadian intermediate gold producer will obtain all issued and outstanding shares of Orford through a court-approved plan of arrangement. “Our acquisition of Orford is consistent with our strategy of building out a pipeline of high-quality, long-term projects, in good jurisdictions, to complement our near-term organic growth projects in Canada," Alamos CEO John A.

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???????Kirkland, Paul Hastings Guide PE Firm's Fintech Biz Buy

Law 360 M&A

Technology-focused private equity firm Welsh Carson Anderson & Stowe, advised by Kirkland & Ellis LLP, announced Thursday it has agreed to buy a majority interest in financial technology business EquiLend, which is represented in the deal by Paul Hastings LLP.

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Why Homebuilding Company M.D.C. Holdings Shares Are Rocketing Today

Benzinga

M.D.C. Holdings Inc (NYSE: MDC ) shares are trading higher after the company disclosed a merger deal with Japan’s Sekisui House. As per the definitive deal, Sekisui House will acquire MDC in an all-cash transaction for a price per share of $63.00 in cash at an equity value of $4.9 billion (around JPY688 billion at a JPY : USD conversion rate of 140:1).

Equity 52
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UFC Loses Bid To End Wage Suppression Case Ahead Of Trial

Law 360 M&A

A Nevada federal court refused Thursday to let Ultimate Fighting Championship avoid a slated April trial on claims alleging the company suppressed fighter wages by up to $1.6 billion, and also refused to exclude crucial expert opinions from the case.

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Financials Company Princeton Bancorp Announces Merger With Cornerstone Financial

Benzinga

Princeton Bancorp (NASDAQ: BPRN ) has announced a merger with Cornerstone Financial (OTC: CFIC ) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Princeton Bancorp has agreed to give Cornerstone Financial $17.90 million in in exchange for CFIC stock. Currently, neither company has disclosed whether the paymentwill be in cash or in stock.

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Trian Prepares To Launch Another Proxy War Against Disney

Law 360 M&A

Activist investor Trian Fund Management has embarked on yet another battle with the Walt Disney Company, filing a preliminary proxy statement with the U.S. Securities and Exchange Commission on Thursday concerning its nomination of Trian CEO Nelson Peltz and former Disney CFO James Rasulo to Disney's board of directors.

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From Pawn to Queen: Elevate Your Business with Strategic Planning

Gergory Caruso

Planning is a process that involves thinking ahead (hence playing chess) and organizing actions to achieve specific goals. Successfully done, it can allow management to see the future and act quickly on opportunities or threats growing the value of the business. The first step in effective planning is defining clear and measurable goals. Having a […] The post From Pawn to Queen: Elevate Your Business with Strategic Planning appeared first on The Art of Business Valuation.

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MoFo Says 2024 Rate Cuts Will Boost PE's M&A Appetite

Law 360 M&A

Projected Federal Reserve interest rate cuts in 2024 are a key factor that will spur increased private equity investment in mergers and acquisitions after a slower 2023, according to a new Morrison Foerster LLP report.

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The future of AI is guided by ethics and innovation

Avanade

Avanade’s Regional Data & AI Lead for Australia Lourens Swanepoel shares what the future of AI holds in 2024 for Australian businesses and individuals.

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Backgammon, wine and AI: DD’s dispatch from Davos

Financial Times M&A

Plus, Morgan Stanley’s new boss faces a narrowing gap with Goldman Sachs and the billionaire behind Zara buys up real estate

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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Anna Richardson

Appraisers Blog

Appraisal reviews for $3!

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Hipgnosis Songs Fund adviser offers to drop clause on music rights

Financial Times M&A

Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs

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