Harvard Corporate Governance

SEPTEMBER 5, 2024

Posted by David Farkas, Georgeson LLC, on Thursday, September 5, 2024 Editor's Note: David Farkas is the Head of Shareholder Intelligence at Georgeson LLC. This post is based on an article that was featured in the July/August 2024 issue of The Deal Lawyers. SEC Form 13F public filings can help companies understand whether the threat of a proxy fight is imminent and, crucially, take steps to defend themselves. 13F filings, as they’re known, reveal the share position of institutional investors or

Equity 162

Equity 162

Mckinsey and Company

SEPTEMBER 5, 2024

McKinsey’s latest analysis of 15 core technology trends points to a new “influencer” role for generative AI as well as growing interest in robotics and digital trust.

Technology 145

Technology 145

NYT M&A

SEPTEMBER 5, 2024

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

Mergers & Acquisitions 141

Mergers & Acquisitions 141

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. That call, at first sight, contained exceptionally good news, with revenues and earnings coming in at stratospheric levels, and above expectations, but the stock fell in the aftermath, down 8% in Thursday’s trading. That drop of more than $200 billion in market capitalization in response to what looked like good news, at least on the surface, puzzled market observers,

Marketability 135

Marketability Start-ups Discounted Cash Flow Market Capitalization 135

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

Harvard Corporate Governance

SEPTEMBER 6, 2024

Posted by Stephen M. Bainbridge (UCLA), on Friday, September 6, 2024 Editor's Note: Stephen M. Bainbridge is the William D. Warren Distinguished Professor of Law at UCLA School of Law. This post is based on his article forthcoming in the Journal of Corporation Law, and is part of the Delaware law series ; links to other posts in the series are available here.

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235

Mckinsey and Company

SEPTEMBER 4, 2024

Southeast Asia is emerging as a global manufacturing hub, presenting opportunities for logistics companies. Here’s a look at global trade flows in the region.

Marketability 133

Marketability 133

Value Scope

SEPTEMBER 6, 2024

By: Brent Shockley, CFA The 2024 NFL season kicked off Thursday night with a late touchdown overturned by replay to preserve a victory by the defending Super Bowl champion, Kansas City Chiefs, over the Baltimore Ravens. The second game of the NFL season will take place this evening in Sao Paulo, Brazil between the Green Bay Packers and the Philadelphia Eagles.

Equity 130

Equity Start-ups Compliance 130

Harvard Corporate Governance

AUGUST 31, 2024

Posted by Lou DiLorenzo Jr., Lara Abrash, and Anjali Shaikh, Deloitte LLP, on Saturday, August 31, 2024 Editor's Note: Lou DiLorenzo Jr. is a Principal, Lara Abrash is the Chair, and Anjali Shaikh is a Managing Director at Deloitte LLP. This post is based on a Deloitte memorandum by Mr. DiLorenzo Jr., Ms. Abrash, Ms. Shaikh, Cary Oven , Caroline Schoenecker , and Erika Maguire.

Technology 212

Technology 212

Mckinsey and Company

SEPTEMBER 3, 2024

The UNDP’s Pedro Conceição talks about today’s global gridlock, uncertainty complex, and a pervasive sense of disempowerment.

132

132

IVSC

SEPTEMBER 3, 2024

We are delighted to announce that the International Valuation Standards Council (IVSC), thanks to the support and collaboration of the Assessors and Registered Valuers Foundation (AARVF) and the Royal Institution of Chartered Surveyors (RICS) , will be hosting its 2025 Annual General Meeting (AGM), Advisory Forum and associated board meetings in New Delhi, India.

Intangible Assets 130

Intangible Assets Marketability Business Valuation 130

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

SEPTEMBER 3, 2024

Tilray Brands, Inc. (NASDAQ: TLRY ) (TSX: TLRY ) announced on Tuesday that it has completed the previously announced acquisition of craft breweries Hop Valley Brewing Company,Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company (NYSE: TAP ). Why It Matters The acquisition bolsters Tilray’s leadership position in the U.S. craft beer market as the 5th largest craft brewer in the country and the top craft brewer in the Pacific Northwest and Georgia.

Marketability 128

Marketability 128

Harvard Corporate Governance

SEPTEMBER 3, 2024

Posted by Wolfe Tone, Bob Rosone, and Maureen Bujno, Deloitte LLP, on Tuesday, September 3, 2024 Editor's Note: Wolfe Tone is Vice Chair and Bob Rosone and Maureen Bujno are Managing Directors at Deloitte LLP. This post is based on a Deloitte memorandum by Mr. Tone, Mr. Rosone, Ms. Bujno, Jamie McCall , and Robert Lamm. Deloitte asked 100 C-level private business leaders about their outlook regarding business priorities, corporate governance, AI and business risks in the next 12 months.

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147

Mckinsey and Company

SEPTEMBER 2, 2024

Four trends in geopolitics and global trade patterns suggest a leading role for Asia as globalization enters its next phase.

132

132

IVSC

SEPTEMBER 2, 2024

Chair, IVSC Europe Committee Christian Luft Christian is Chair of the IVSC's Europe Committee & EMEA Head of Retail, Valuation Advisory at JLL The European Central Bank’s latest Supervision Newsletter has issued a clear challenge to the commercial real estate community: we must ensure our valuations are rigorous, transparent, and aligned with the highest standards.

Compliance 130

Compliance Marketability Intangible Assets Banking 130

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

Global Finance

SEPTEMBER 3, 2024

Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according to Standard & Poor’s Global Market Intelligence.

Finance 119

Finance Marketability Corporate Finance 119

Harvard Corporate Governance

SEPTEMBER 4, 2024

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday, September 4, 2024 Editor's Note: Martin Lipton is a Founding Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, Steve Rosenblum , Elina Tetelbaum , Karessa Cain , Carmen Lu , and Anna Dimitrijevic. Activism has remained robust over the past year, following a post-pandemic rebound.

Marketability 133

Marketability 133

Mckinsey and Company

SEPTEMBER 4, 2024

Retail investors are investing more of their capital in companies that have the highest market capitalizations. Intrinsic investors are taking a different approach.

Market Capitalization 131

Market Capitalization Marketability Corporate Finance Finance 131

NYT M&A

SEPTEMBER 3, 2024

Investment firms are raising record sums for real estate secondary funds that cut private deals to buy assets from investors who can’t otherwise exit.

Mergers & Acquisitions 117

Mergers & Acquisitions Banking Appraisal Equity 117

Financial Times M&A

SEPTEMBER 5, 2024

Chinese conglomerate Fosun selling former storied brand five years after its collapse

111

111

Harvard Corporate Governance

SEPTEMBER 3, 2024

Posted by Maria Vu, Bernadette O’Donoghue, Silvia Gatti, Glass, Lewis & Co, on Tuesday, September 3, 2024 Editor's Note: Maria Vu is a Senior Director, Bernadette O’Donoghue is a Director of Research & Product, and Silvia Gatti is a Director of Research at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Ms. Vu, Ms. O’Donoghue, Ms.Gatti, Lisa Marie O’Malley, and Dimitri Zagoroff.

Marketability 133

Marketability 133

Mckinsey and Company

SEPTEMBER 4, 2024

Steel is a core material for building infrastructure and aiding economic growth. Over the next decade and beyond, several trends will reshape the global and regional steel industry landscape.

128

128

Benzinga

SEPTEMBER 6, 2024

Mobileye Global Inc (NASDAQ: MBLY ) stock is trading lower Friday amid reports that Intel Corp (NASDAQ: INTC ) is eying a strategic stake sale of the Israeli autonomous driving company. Intel could sell up to 88% of its stake in Mobileye, Bloomberg cites familiar sources. The company will decide this at Mobileye’s September board meeting in New York.

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111

Global Finance

SEPTEMBER 5, 2024

Canadian convenience store giant Alimentation Couche-Tard (ACT) has set its sights on Seven & i wHoldings, the Tokyo-based parent company of 7-Eleven. If the deal goes through—ACT submitted an offer to buy all outstanding shares of Seven & i last month—it will mark a significant step into Japan’s retail market by a foreign firm, but it wouldn’t be ACT’s first show of interest in the company or Japan.

Finance 111

Finance Marketability Corporate Finance 111

Harvard Corporate Governance

SEPTEMBER 5, 2024

Posted by David E. Schwartz, Parker Rider-Longmaid and Joseph M. Rancour, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, September 5, 2024 Editor's Note: David E. Schwartz , Parker Rider-Longmaid , and Joseph M. Rancour are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Schwartz, Mr.

124

124

Mckinsey and Company

SEPTEMBER 4, 2024

While the country’s consumers are increasingly optimistic and expect to spend more, they remain inclined to trade down and reluctant to splurge.

126

126

Financial Times M&A

SEPTEMBER 2, 2024

World’s largest private equity group is betting on growth of artificial intelligence in Asia-Pacific region

Equity 111

Equity 111

Global Finance

SEPTEMBER 4, 2024

Call it “the CFO shuffle.” Top finance leaders are shifting from one company or position to another—or opting for retirement—at a faster rate. That’s according to the latest data from Russell Reynolds Associates, which specializes in executive searches. This year saw increased levels of turnover, with the proportion of outgoing finance chiefs reaching 8.9% globally from January to June.

Finance 111

Finance Marketability Corporate Finance 111

Harvard Corporate Governance

SEPTEMBER 1, 2024

Posted by David A. Bell, Ran Ben-Tzur, Alan C. Smith, Fenwick & West LLP, on Sunday, September 1, 2024 Editor's Note: David A. Bell , Ran Ben-Tzur , and Alan C. Smith are Partners at Fenwick & West LLP. This post is based on a Fenwick memorandum by Mr. Bell, Mr. Ben-Tzur, Mr. Smith, Dean Kristy , Wendy Grasso , and Merritt Steele. What You Need To Know The U.S.

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124

Mckinsey and Company

SEPTEMBER 3, 2024

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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121

Financial Times M&A

SEPTEMBER 1, 2024

Couche-Tard’s approach to the owner of 7-Eleven could kick-start a wave of M&A activity in a country that has tended to avoid it

111

111

NYT M&A

SEPTEMBER 4, 2024

The $23-per-share offer by the department store’s founding family comes as retailers struggle to navigate new shopping trends and costly real estate.

Mergers & Acquisitions 108

Mergers & Acquisitions 108

Harvard Corporate Governance

SEPTEMBER 4, 2024

Posted by Todd Gormley (Washington University in St. Louis), Manish Jha (Georgia State University), and Meng Wang (University of South Florida), on Wednesday, September 4, 2024 Editor's Note: Todd Gormley is a Professor of Finance at Washington University in St. Louis, Manish Jha is an Assistant Professor of Finance at Georgia State University, and Meng Wang is an Assistant Professor of Finance at the University of South Florida.

Finance 113

Finance 113

Mckinsey and Company

SEPTEMBER 5, 2024

Generative AI has increased the focus on data, putting pressure on companies to make substantive shifts to build a truly data-based organization.

111

111

Financial Times M&A

SEPTEMBER 5, 2024

Planned exit awaits state approval and would mark a major U-turn for FTSE 100 consumer goods giant

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109