Wed.Aug 23, 2023

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Voting Rationales

Harvard Corporate Governance

Posted by Roni Michaely (The University of Hong Kong), Silvina Rubio (University of Bristol Business School), and Irene Yi (University of Toronto), on Wednesday, August 23, 2023 Editor's Note: Roni Michaely is a Professor of Finance and Entrepreneurship at The University of Hong Kong, Silvina Rubio is an Assistant Professor of Finance at the University of Bristol, and Irene Yi is an Assistant Professor of Finance at the University of Toronto.

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Senators Request Review of Tax-Exempt Status of Hospitals

LaPorte

A bipartisan group of senators recently called for the IRS to investigate the tax-exempt status of nonprofit hospitals. What does this mean for hospitals, and… The post Senators Request Review of Tax-Exempt Status of Hospitals first appeared on LaPorte.

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EU Adopts Long-Awaited Mandatory ESG Reporting Standards

Harvard Corporate Governance

Posted by Beth Sasfai, Michael Mencher, and Emma Bichet, Cooley LLP, on Wednesday, August 23, 2023 Editor's Note: Beth Sasfai is a Partner, and Michael Mencher and Emma Bichet are Special Counsels at Cooley LLP. This post is based on a Cooley memorandum by Ms. Sasfai, Mr. Mencher, Ms. Bichet, Steven Holm , and Jack Eastwood. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Does Your KPI Dashboard Measure What Matters?

Rhythm Systems

I have to admit that I am a data geek. I do know that I have a unique personality type and most people aren’t interested in digging deep into the numbers and want to jump off a bridge anytime that you mention a pivot table. The great thing is that you don’t need to be a nerd in order to increase your team and company performance with KPI dashboards.

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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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More Women Take CEO Jobs But Parity Still Decades Away

Harvard Corporate Governance

Posted by Laura Sanderson, and Luke Meynell, Russell Reynolds Associates, on Wednesday, August 23, 2023 Editor's Note: Laura Sanderson Co-leads the Board and CEO Advisory Partners in Europe and Luke Meynell Co-leads the Board & CEO Advisory Partners in the UK at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum.

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Shot On Target: Ammunition Maker Olin Acquires White Flyer Targets For Undisclosed Sum

Benzinga

Ammunition maker Olin Corp (NYSE: OLN ) has signed an agreement to acquire the assets of White Flyer Targets, LLC , a maker of recreational trap, skeet, and sporting clay targets. The financial details of the transaction were not disclosed. Following the acquisition, White Flyer will be combined with the Winchester Ammunition business. The acquisition includes White Flyer's five manufacturing facilities in.

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Dycom Amplifies Rural Broadband Service Via Bigham Deal; Plans New $150M Stock Buyback

Benzinga

Dycom Industries Inc (NYSE: DY ) has acquired Bigham Cable Construction, Inc. for an undisclosed sum. Bigham provides telecommunications construction services in the southeastern U.S. Bigham generated approximately $140 million in revenue over the. Full story available on Benzinga.

Equity 96
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What is business risk?

Mckinsey and Company

An organization faces business risk when it is exposed to a situation that can lead to decreased profits or even bankruptcy.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Julie Friess SRA, AI-RRS

Appraisers Blog

In reply to Baggins. This is happening to me as well but it’s the AZ DIFI that’s targeted me and the Assistant Director and incompetent investigator that is as racist and biased as they get. There’s a 3 year old VA appraisal (sale) that closed at sale price and my report is biased and racist because the house has functional obsolescence. The very biased/racist and challenged investigator Kelly who has been appraising in the field… never!

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Tax Credits for New Electric Vehicles Purchased In 2023

Gross Mendelsohn

If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.

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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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Better (IPO) late than never?

Financial Times M&A

Plus, buyout groups pass distressed portfolio companies to competitors’ credit funds and Blackstone sells private equity to everyday millionaires

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Dave Medrick

Appraisers Blog

The Maryland appraiser has filed a motion to dismiss and a countersuit against the black homeowners, claiming defamation.

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Senators Request Review of Tax-Exempt Status of Hospitals

LaPorte

A bipartisan group of senators recently called for the IRS to investigate the tax-exempt status of nonprofit hospitals. What does this mean for hospitals, and… The post Senators Request Review of Tax-Exempt Status of Hospitals first appeared on LaPorte.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Dave Medrick

Appraisers Blog

The Maryland appraiser has filed a motion to dismiss and a countersuit against the black homeowners, claiming defamation.

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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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Valuing an Advertising Agency

Peak Business Valuation

The advertising industry has performed well for several years. According to IBIS World , this industry generates over $14.5 billion dollars per year. In addition, businesses in the advertising industry tend to have healthy profit margins. We can expect these trends to continue in the coming years. This is due to various factors including high demand for digital advertising services.

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Parsons Seals The Deal For SealingTech To Bolster Its Capabilities In Defensive Cyber Operations

Benzinga

Parsons Corporation (NYSE: PSN ) has acquired Maryland-based cyber and technology company Sealing Technologies, Inc. in a transaction valued at up to $200 million. Parsons will pay $175 million of cash at closing for SealingTech, with an additional $25 million earn-out payable in Q1 2025, if certain revenue targets are met during 2024. Parsons estimates that SealingTech will generate $110 million of revenue in 2024, and the.

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Lange Speaking at Rhodes Alumni Event

Auto Dealer Valuation Insights

Mercer Capital’s Zac L. Lange, CPA to speak in-person at the Meet the Firms Alumni Panel at Rhodes College in Memphis, Tennessee, on Wednesday, August 30, 2023. For the second consecutive year, Zac will be speaking to students alongside other notable alumni about potential careers in accounting, finance, business, and technology. Zac Lange is a senior financial analyst with Mercer Capital.

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Tale Of Two Healthcare Tech Firms: One Seeks Public Debut Another Looks For Buyer

Benzinga

NextGen Healthcare Inc (NASDAQ: NXGN ), a provider of software solutions to manage patients' records, is reportedly exploring various strategic options, including the possibility of a company sale. With a market value of $1.1 billion, NextGen Healthcare is known for its lack of a traditional headquarters due to its remote work culture. It has hired investment bank Morgan Stanley to advise it on its discussions with potential buyers, Reuters noted, citing sources familiar with the matter.

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SEC Cybersecurity Rules Update: The Complete Guide

Audit Board

Every company should feel urgency about maturing cybersecurity risk management. That’s the core message behind the heightened regulatory focus on cybersecurity — and with the U.S. Securities and Exchange Commission’s (SEC’s) final cybersecurity disclosure requirements for public companies taking effect in September 2023, it’s about to get real. The SEC cybersecurity rules will have a significant impact on your organization and role.

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Designing Corporate Law for Startups

Reynolds Holding

The world of startups often appears to embody the exceptionalism of modern finance, with funds swiftly flowing to the best teams and ideas wherever they may emerge. The reality, however, is much more complicated. Financing startups remains a daunting challenge for most economies, and filling the market with public funds has proven insufficient, if not counterproductive.

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Billionaire Chamath Thumbs Nose At 'Irrelevant' Podcast Host Over Virgin Galactic 'Subtweets'

Benzinga

Well-known investor Chamath Palihapitiya, who was once dubbed the SPAC King, has fielded criticism in recent years after the valuations of several of the companies he took public have crashed. On Wednesday, Palihapitiya clashed with the co-host of a well-known financial podcast over one of his most famous SPAC deals. What Happened: Space travel company Virgin Galactic Holdings (NYSE: SPCE ) went public in 2019 in a SPAC merger anchored by Palihapitiya’s Social Capital Hedosophia Holdings C

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6 Ways that Your Company’s Market Value Could Increase in a Recession

IBG Business

The stubbornly resilient U.S. economy continues to confound predictions of a recession. If a recession does occur, don’t rule out the possibility of benefiting from it in a sale of your business. By John Zayac In business sales, a company’s value can be influenced by many factors, some of which defy prediction or logic. As an example, in our experience as M&A brokers, we have seen sellers achieve higher-than-expected prices for their businesses during a recession – not just despite the econo

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No Return Offer from an Investment Banking Internship: What to Do

Brian DeChesare

Almost nothing is worse than recruiting for investment banking internships , winning an offer, preparing , completing the internship, and then not getting a return offer. After putting in all that time and effort, you feel like you’re back at square one. Unfortunately, it’s also quite common: in some years, over 50% of interns fail to get a return offer.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by AppraisersBlogs Team

Appraisers Blog

The Maryland appraiser has filed a motion to dismiss and a countersuit against the black homeowners, claiming defamation.

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Is generative AI-powered CPQ the future of enterprise selling?

Avanade

SAP CPQ is essential for manufacturers connecting their ERPs to their CRMs and maximizing intelligent selling opportunities; generative AI will be a game changer.

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Better: over hyped Spac deal has shaky foundations

Financial Times M&A

Merger values mortgage lender at a pre-transaction equity value of $6.

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Reset and reimagine: The role of generative AI in SG&A success

Mckinsey and Company

With SG&A functions under a cost and productivity squeeze, digitization and generative AI solutions can help to ease the pressure.

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OIG Issues Unfavorable Advisory Opinion on Common Arrangements between Physician Practices and Health Care Providers

National Law Review M&A

Rachel E. Yount Karen S.

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Antitrust: The Draft Merger Guidelines & Non-US Regulators

John Jenkins

The DOJ & FTC’s draft merger guidelines have resulted in an avalanche of law firm memos – which we’re posting in our “Antitrust” Practice Area.

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Konica Minolta Acquires Force Security Solutions

Benzinga

Ramsey, NJ, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta U.S.A.) is pleased to announce the acquisition of Force Security Solutions ( Force ), a leading managed security services provider and systems integrator. Founded in 2003, Force provides state-of-the-art security products and services, including risk assessments, the design and implementation of intrusion detection, access control and IP video surveillance technology.

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SEC Chair Gensler on New Rules for Private Fund Advisers

Reynolds Holding

Today [August 23], the Commission is considering final rules related to private fund advisers. I am pleased to support this adoption because, by enhancing advisers’ transparency and integrity, we will help promote greater competition and thereby efficiency in this important part of the markets. Private funds and their advisers play a significant role for investors and issuers.

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APRINOIA Therapeutics Announces Mutual Termination of Business Combination Agreement with ROSS Acquisition Corp II

Benzinga

CAMBRIDGE, Mass., Aug. 23, 2023 (GLOBE NEWSWIRE) -- APRINOIA Therapeutics ("APRINOIA"), a global clinical-stage biopharmaceutical company developing novel therapeutics and precision diagnostics for the treatment of neurodegenerative diseases such as Alzheimer's Disease ("AD") and Progressive Supranuclear Palsy ("PSP"), announced a mutual termination of its previously announced business combination agreement with Ross Acquisition Corp II ("RAC"), a special purpose acquisition company.

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Private Company Valuations—A Complete Guide

Valutico

Private Company Valuations—A Complete Guide In this article, we’ll explore private company valuations, including methods, considerations, and challenges. We’ll start by examining the differences between private and public companies and their impact on valuation. What is a private company valuation? Private company valuation refers to the process of determining the value of a privately-held company.

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SANUWAVE Health, Inc., a Leading Provider of FDA Approved Next-Generation Wound Care Products, Enters into a Merger Agreement with Sweat Equity Partners and Mercury Life Sciences-affiliated SEP Acquisition Corp., a Nasdaq-Listed Company

Benzinga

· SANUWAVE Health Inc. (OTCQB: SNWV ) has entered into a definitive merger agreement with SEP Acquisition Corp. (NASDAQ: SEPA ). Upon closing, the combined company is expected to trade on the Nasdaq Capital Market under the symbol "SNWV". · The combined company expects to receive approximately $13.0 million of gross proceeds at closing, including $12.0 million from non-redeeming holders of SEPA's Class A common stock and other PIPE investors, and $1.0 million from the SPAC spons

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