Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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How to Sell a Manufacturing Business

Sun Acquisitions

Selling a manufacturing business doesn’t have to be complex. If you know what to do you can cut down on the time-consuming process of selling a business. In this post, we present six steps to guide you on how to make the selling process smoother. 1. Engage a Business Broker. Wise sellers hire a business broker to facilitate the transaction. An experienced broker will. assist you in securing potential buyers, negotiate the asking price and, manage all the legal aspects of the deal.

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Risk oversight and the board: navigating the evolving terrain

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, Stephen G. Parker, PricewaterhouseCoopers LLP, on Tuesday, December 13, 2022 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Stephen Parker is a Partner, at the Governance Insights Center, at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. We’re living in an era of unforeseen events that give rise to risks, including geographic conflicts and a “black swan” event—something so unpredictable that

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Advisor Feature: Robert Lugo in Tampa, FL

Viking Mergers

Born and raised in Florida, Robert Lugo grew up in a family of entrepreneurs. After obtaining degrees in both Finance and Accounting, he went on to earn his Master of Science Degree in Entrepreneurship from the University of South Florida. Throughout his career, Robert has been deeply involved in all aspects of a business from operations to finance, HR, and business development and has a record of leading organizations to unprecedented growth.

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‘Future vehicles require future insurance’

Mckinsey and Company

In an interview with McKinsey’s Tanguy Catlin, Andrew Rose of OnStar Insurance discusses how telematics data will usher in a new era of auto insurance.

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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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George Osborne to earn share of £26.5m payout in first year at City advisory firm

The Guardian M&A

Robey Warshaw did not specify how much the former chancellor would collect George Osborne will collect a share of a £26.5m payout for his first year working as partner at the City advisory firm Robey Warshaw. The former chancellor, who orchestrated the austerity drive after the financial crisis, is one of four partners at the Mayfair-based company, which announced on Friday it would pay out a total of £26,482,914 to four men.

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Weekly Roundup: December 9-15, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, December 16, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of December 9-15 2022. Remarks by Commissioner Peirce at the American Enterprise Institute. Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Friday, December 9, 2022.

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Author Talks: The simple way to get more great ideas

Mckinsey and Company

Stanford’s Jeremy Utley proposes approaching creativity with a “begun” mentality, where innovation is incorporated into daily practice instead of occurring only in sprints.

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Elon Musk sells new $3.6bn tranche of Tesla shares

The Guardian M&A

Latest selloff takes total sale this year to $23bn and follows loss of world’s richest man title Elon Musk has sold a further $3.6bn worth of shares in Tesla, in the same week that he lost the title of world’s richest man to France’s Bernard Arnault. The disposal, revealed in a regulatory filing , takes the total amount raised by Musk from sales of his stock in the electric carmaker this year to more than $20bn.

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Silicon Valley and S&P 100: A Comparison of 2022 Proxy Season Results

Harvard Corporate Governance

Posted by David A. Bell Ron C. Llewellyn, Fenwick & West LLP, on Saturday, December 10, 2022 Editor's Note: David A. Bell is Partner and co-chair of Corporate Governance, and Ron C. Llewellyn is Counsel at Fenwick & West LLP. This post is based on a Fenwick publication titled ‘2022 Proxy Season Results in Silicon Valley and at Large Companies Nationwide” In the 2022 proxy season, 143 of the of the technology and life sciences companies included in the Fenwick – Bloomber

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Hormel Foods Acquires 29% Stake In Indonesia's Garudafood

Benzinga

Hormel Foods Corp (NYSE: HRL ) has acquired a minority stake in PT Garudafood Putra Putri Jaya Tbk , one of the largest food and beverage companies in Indonesia. The financial terms were not disclosed. Hormel Foods purchased approximately 29% of the. Full story available on Benzinga.com.

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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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How finance sector treasurers can get ready for CBDCs and stablecoins

Mckinsey and Company

Central bank digital currencies and stablecoins could reshape financial services. Treasury managers can play a central role in optimizing the related opportunities—and handling of the risks.

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What Do All Those Employee Benefits Acronyms Stand For? (Part 2 of 3)

ThomsonReuters

QUESTION: Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals. (Last week’s Checkpoint Question of the Week included acronyms primarily used in our ERISA Compliance, Self-Insured Health Plans, Cafeteria Plans, Consumer-Driven Health Care, and Fringe Benefits manuals, and in nex

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Big Three Power, and Why it Matters

Harvard Corporate Governance

Posted by Lucian A. Bebchuk (Harvard Law School), and Scott Hirst (Boston University), on Tuesday, December 13, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Scott Hirst is Associate Professor of Law at Boston University. This post is based on their recent paper.

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ADHC To Acquire Cannabis Firm & Amazon Vendor Rolls Choice

Benzinga

American Diversified Holdings Corporation (OTC: ADHC ) confirmed Friday it has reached an agreement to acquire Rolls Choice , a southern California-based cannabis firm, and an Amazon (NASDAQ: AMZN ) vendor. Rolls Choice is currently ADHC Joint Venture/Acquisition partner. In June 2022, ADHC announced that www.amazon.com has started selling Rolls Choice cannabis adhesive pen.

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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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How to Write OKRs A Step By Step Guide With Examples

Rhythm Systems

OKRs are an essential part of any successful organization. They help align everyone around common goals and objectives. But what exactly are OKRs? And why do we need them? Let’s look at how OKRs work and why they’re such an effective tool for creating a high-performing team, but many don’t know how to properly write objectives and key results to effectively align teams to your 3-5 year strategic plan.

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Eutelsat Urges FCC Approval Of OneWeb Satellite Deal

Law 360 M&A

French satellite operator Eutelsat met with more than half the Federal Communications Commission last week and used the opportunity to press upon the agency the benefits of its $3.4 billion merger with rival OneWeb.

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Annual Meeting and Corporate Governance Trends in 2023

Harvard Corporate Governance

Posted by Brian Breheny, Raquel Fox, Joseph Yaffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, December 13, 2022 Editor's Note: Brian Breheny , Raquel Fox and Joseph Yaffe are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Consider New DGCL Amendments Permitting Officer Exculpation.

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Maxar Technologies Agrees To Be Acquired By Advent At 129% Premium

Benzinga

Maxar Technologies Inc (NYSE: MAXR ) has entered into a definitive merger agreement to be acquired by Advent International , a global private equity investor. The all-cash deal values Maxar at an enterprise value of approximately $6.4 billion. The $53.00 per share cash purchase price represents a. Full story available on Benzinga.com.

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IRS Finalizes Regulations Permanently Extending Deadlines for Furnishing ACA Statements to Individuals

ThomsonReuters

Final Regulations: Information Reporting of Health Insurance Coverage and Other Issues under Sections 5000A, 6055, and 6056, 26 CFR Parts 1 and 301, 87 Fed. Reg. 76569 (Dec. 15, 2022). Available at [link]. The IRS has released final regulations addressing extended deadlines for certain Affordable Care Act (ACA) information reporting requirements. As a reminder, Forms 1094-B and 1095-B are filed by minimum essential coverage providers (insurers, government-sponsored programs, and some self-insur

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Hedge Fund Makes Concessions In Tegna Go-Private Deal

Law 360 M&A

Standard General said Friday that if regulators approve the hedge fund's buyout of Tegna Inc., cable and satellite TV providers that carry Tegna TV stations will not be forced to accept retransmission consent terms other providers have worked out with Standard's partner, Cox Media Group.

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Corporate Governance Evolves Amid Increasing Sustainability Awareness

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, December 16, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS). This post is based on an ISS memorandum to clients authored by Arnaud Cavé, ESG Methodology Lead – Governance, Finance, and Quantitative Research, ISS ESG; Cédric Lavérie , Head of French Research, ISS; Kosmas Papadopoulos, Head of Americas Sustainability Advisory, ISS Corporate Solutions; and Gu

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Tandem Diabetes Acquires Swiss Based Insulin Patch Pump Developer

Benzinga

Tandem Diabetes Care Inc (NASDAQ: TNDM ) has agreed to acquire AMF Medical SA , the privately held Swiss developer of the investigational Sigi Patch Pump. It is designed to be an ergonomic, rechargeable patch pump that reduces the burden of managing diabetes through. Full story available on Benzinga.com.

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Smartphone Measuring Technology

Appraisers Blog

This new measuring technology claims the software to be ANSI compliant. Appraisers, over the past couple of years, there have been lively discussions on forums, Facebook groups, at conferences, etc., about a ‘new’ technology which allows a ‘phone holder’ to measure a structure, with that technology providing a “Sketch” or “Floor Plan” of that structure.

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T-Mobile Drops Bid To Pause Private Merger Suit

Law 360 M&A

T-Mobile dropped its request on Monday to temporarily pause proceedings in a proposed class action lawsuit over its $26 billion merger with Sprint until the judge has made a decision on its bid to transfer the case from Illinois to New York, where the companies beat a prior merger challenge.

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Determining Whether Your Corporate Compliance Program is “Good Enough”

Harvard Corporate Governance

Posted by Rich Kando, Sean Dowd, Robert Coffey, AlixPartners, on Wednesday, December 14, 2022 Editor's Note: Rich Kando and Sean Dowd are Managing Directors, and Robert Coffey is Director at AlixPartners. This post is based on their AlixPartners memorandum. I. Introduction. Business leaders of companies operating outside of the financial services industry (“corporates”) are more frequently asking their legal and/or compliance departments a variation of the following question: “Is our company’s c

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BTRS Wins Stockholder Approval For Merger With EQT Private Equity

Benzinga

BTRS Holdings Inc (NASDAQ: BTRS ) stockholders voted to approve the definitive merger agreement with an affiliate of EQT X Fund (EQT Private Equity) at a special meeting of the company's stockholders. Under the agreement, an affiliate of EQT Private Equity will acquire all of. Full story available on Benzinga.com.

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Building a competitive solar-PV supply chain in Europe

Mckinsey and Company

Can European businesses achieve a competitive position in the global solar-PV supply chain and strengthen Europe’s energy transition and resilience? It’s challenging but a potential pathway exists.

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Top Firms Make Growth A Priority For 2023

Law 360 M&A

Law firm leaders are heading into 2023 with caution, anticipating a tighter budget in preparation for a prolonged period of economic challenge, but some BigLaw firms are planning to grow next year, with leaders eyeing opportunities to expand businesses to new locations and add to their attorney headcounts.

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Abandoned and Split But Never Reversed: Borak and Federal Court Derivative Litigation

Harvard Corporate Governance

Posted by Mohsen Manesh (University of Oregon), Joseph Grundfest (Stanford University), on Monday, December 12, 2022 Editor's Note: Joseph A. Grundfest is William A. Franke Professor of Law and Business at Stanford Law School and Mohsen Manesh is Professor at University of Oregon School of Law. This post is based on their recent paper. J.I. Case Company v.

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Prima And Prospect Farms Merge As Uplifter Brands

Benzinga

Prima acqui red Prospect Farms. Together, they form Uplifter Brands, PBC , a CPG house of brands across personal care, supplements, spa and hospitality, private label, and pet wellness. The acquisition gives Prima ownership of Prospect Farms, a USDA Certified Organic hemp farm and manufacturing complex. With over 250-acres of regenerative cultivation, the farm holds a greenhouse, pharmaceutical-grade filing system, and on-site lab.

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Some auditors need to kick bad habits

Norman Marks

The Institute of Internal Auditing is in the process of updating its International Professional Practices Framework (IPPF), which includes the International Standards for the Professional Practice of Internal Auditing. It is necessary, as some in the profession need a kick. A friend recently told me: I connected with audit leaders at peer organizations (other mid […].

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Ex-CNN Boss Launches Investment JV With $1B In Capital

Law 360 M&A

Former CNN head Jeff Zucker is joining forces with Paul Hastings-led Middle Eastern firm International Media Investment to launch Red Bird IMI, a sports and entertainment investment joint venture, using $1 billion in secured capital for its launch, according to a Tuesday announcement.

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EU Corporate Sustainability Reporting Directive – disclosure obligations for EU and non-EU companies

Harvard Corporate Governance

Posted by Musonda Kapotwe, Peter Pears, Marcel Hörauf, Mayer Brown LLP, on Sunday, December 11, 2022 Editor's Note: Musonda Kapotwe and Peter Pears are Partners and Marcel Hörauf is Counsel at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Ms. Kapotwe, Mr. Pears, Mr. Hörauf, Sam Eastwood , Dr. Johannes Weichbrodt , and Oliver Williams.

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Private-Equity Firm Thoma Bravo Reportedly Nearing Deal To Buy Coupa Software, Outbidding Vista

Benzinga

Coupa Software Inc. (NASDAQ: COUP ) shares rallied sharply in after-hours trading on Friday amid rumors of a potential sell-out. Late Sunday, a report named private-equity firm Thoma Bravo as the frontrunner in the bidding race for the company. What Happened: Thoma Bravo is in advanced talks to buy cloud-based business spend management platform Coupa and the deal could be announced as early as this week, Bloomberg reported , citing people familiar with the matter.