Sat.Apr 23, 2022 - Fri.Apr 29, 2022

IVSC Valuation Webinar Series 2022, sponsored by Kroll

IVSC

The IVSC Valuation Webinar Series, sponsored by Kroll, returns from 2 nd –10 th June 2022 with a programme of thought-provoking panel discussions.

The Corporate Calendar and the Timing of Share Repurchases and Equity Compensation

Harvard Corporate Governance

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3 Benefits of Selling a Business in 2022

Viking Mergers

Each new year brings the opportunity to assess goals and, for some, to reprioritize dreams that have been on the backburner. For many hardworking business owners, those goals and dreams involve selling a business.

The Great Resignation Risk

Norman Marks

While many are focused on issues like cyber, saying it is perhaps the greatest source of risk to an organization today, I believe there are greater sources of concern.

Why We Should Keep Teaching Dodge v. Ford Motor Co.

Reynolds Holding

The question of corporate purpose has been much in the news of late, triggering renewed attention by legal scholars to corporate social responsibility, ESG, and shareholder value maximization. Many of these scholars have been strongly influenced by the late Lynn Stout’s work on the topic.

Stark Choices for Corporate Reform

Harvard Corporate Governance

Posted by Aneil Kovvali (University of Chicago), on Friday, April 29, 2022 Editor's Note: Aneil Kovvali is the Harry A. Bigelow Teaching Fellow & Lecturer in Law at the University of Chicago Law School. This post is based on his recent paper , forthcoming in the Columbia Law Review. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

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Benefits of Selling to a Private Equity Group

Viking Mergers

To some, the topic of selling to private equity groups does not stir positive feelings. It is true that typical headlines tend to only cover ruthless, drama laden, multi-billion-dollar mega buyouts.

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More Trending

Why Corporate America Should Pay Attention to the Proposed EU Directive on Corporate Sustainability Due Diligence

Reynolds Holding

On February 23, 2022, the European Commission issued its long-awaited proposal for a Directive on Corporate Sustainability Due Diligence (the Proposed Directive).

Q1 2022 Review of Shareholder Activism

Harvard Corporate Governance

Posted by Rich Thomas, Christopher Couvelier and Leah Friedman, Lazard, on Thursday, April 28, 2022 Editor's Note: Rich Thomas is Managing Director, Christopher Couvelier is Director, and Leah Friedman is Vice President at Lazard.

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Musk’s Twitter financing tests Wall Street’s mettle: ‘What could go wrong?’

Financial Times M&A

Volatile moves in Tesla stock underline deal’s risks as billionaire’s plan for $21bn equity portion remains a mystery

Supply Chain Impact, Forex Headwinds, Margin Outlook And More: 6 Key Takeaways From Apple's Earnings Call

Benzinga

Apple, Inc. NASDAQ: AAPL ) on Thursday reported better-than-expected quarterly results, hiked its dividend, and announced a $90 billion buyback. Ordinarily, this would have been a perfect trigger for a rally, but Apple's stock was languishing following the earnings report.

To Whom Should Internal Audit Leaders Report?

Internal Audit 360

L et me start by saying, this is a touchy subject.

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Litigation Risks Posed by “Greenwashing” Claims for ESG Funds

Harvard Corporate Governance

Posted by Amy D. Roy, William T. Davison, and Robert A. Skinner, Ropes & Gray LLP, on Monday, April 25, 2022 Editor's Note: Amy Roy and Robert Skinner are partners, William T. Davison is counsel, and Brooke Cohen and Rachel Scholz-Bright are associates at Ropes & Gray LLP. This post is based on their Ropes & Gray memorandum.

Leveraging Internal Audits

Machen McChesney

Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles (GAAP). But it’s important for internal auditors to think beyond compliance

The Daily Biotech Pulse: FDA Approves Bristol Myers' Oral Heart Disease Drug, European Approval For Merck's Keytruda, Genocea Restructures, Zymeworks' Takeover Bid

Benzinga

Here's a roundup of top developments in the biotech space over the last 24 hours. Stocks In Focus. Bristol Myers' Oral Heart Disease Drug Scores FDA Approval.

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10 Inspirational Graphics About Retirement

Benchmark Report

Benchmark International retirement M&A Trends Exit planning exit strategy #Seller #TransitionABusiness business owners 2022 Retirement Plan MergersAndAquisitions

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The SEC’s Proposed Rules for P4P Disclosures

Harvard Corporate Governance

Posted by Mike Kesner, Ira T. Kay, and John Ellerman, Pay Governance LLC, on Monday, April 25, 2022 Editor's Note: Mike Kesner is partner, Ira T. Kay is a managing partner/founder, and John Ellerman is partner at Pay Governance LLC. This post is based on their Pay Governance memorandum.

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Elon Musk can walk away from Twitter deal by paying $1bn break fee

Financial Times M&A

Favourable terms mean billionaire is able to back out by stumping up fraction of net worth

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Why Is Twitter Stock So Far From Elon Musk's Takeover Price?

Benzinga

We all know Elon Musk’s offer to purchase Twitter Inc. NYSE: TWTR ) for all cash has been accepted by the board. Before it was made public that Musk had an interest in the company, the stock was languishing at the $40 area.

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Does a PPP Loan Make It Harder to Sell a Business?

Sun Acquisitions

It’s no secret that the COVID-19 pandemic has had a significant impact on businesses of all sizes. To help small businesses struggling in these tough times, the US government introduced the Paycheck Protection Program (PPP) loan in 2020.

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California Court Finds California Board Diversity Law Unconstitutional

Harvard Corporate Governance

Posted by David A. Bell, Dean Kristy, and Dawn Belt, Fenwick & West LLP, on Saturday, April 23, 2022 Editor's Note: David A. Bell , Dean Kristy , and Dawn Belt are partners at Fenwick & West LLP. This post is based on a Fenwick memorandum by Mr. Bell, Mr. Kristy, Ms. Belt, Jennifer J. Hitchcock , and Ron C. Llewellyn.

Twitter accepts Elon Musk’s $44bn takeover offer

Financial Times M&A

Tesla chief says free speech is ‘bedrock’ of democracy as board declares deal ‘best path forward

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Twitter Founding Team Member: Elon Musk's Free Speech Approach 'Very Naïve And Unserious'

Benzinga

Elon Musk's proposed Twitter, Inc. NYSE: TWTR ) takeover has polarized stakeholders and outsiders in equal measure. Even as the Tesla, Inc.

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Small Business Appraisal - The Better The Data, The Better The Result

BV Specialists

One of the biggest challenges small business owners face is keeping track of all their records for sales, costs, and everything in between. Being organized is critical when it comes time to value your company for a sale, new investor, or any other reason.

Top 5 SEC Enforcement Developments

Harvard Corporate Governance

Posted by Michael D. Birnbaum, Jina Choi, and Haimavathi V. Marlier, Morrison & Foerster LLP, on Thursday, April 28, 2022 Editor's Note: Michael D. Birnbaum , Jina Choi , and Haimavathi V. Marlier are partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. As a fitting cap to a busy month, on March 30, the SEC Division of Examinations announced its 2022 Examination Priorities.

Twitter edges closer to accepting Elon Musk’s $43bn bid

Financial Times M&A

Social media group’s board holds meeting to finalise terms of deal with Tesla chief

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11 Largest Leveraged Buyouts Of All Time

Benzinga

A leveraged buyout is simply defined as the purchase of a controlling share in a company by its management using outside capital.

Sun Acquisitions welcomes Mike Walton as a Senior M&A Advisor

Sun Acquisitions

Sun Acquisitions is pleased to announce that Mike Walton has joined our team as a Senior Advisor. Mike brings 25 years of experience in business ownership that includes start-ups, turnarounds, acquisition and sale of companies, specifically within media and IT industries.

SPACs Remain in the SEC’s Crosshairs

Harvard Corporate Governance

Posted by Derek Dostal, Pedro J. Bermeo, and Lee Hochbaum, Davis Polk & Wardwell LLP, on Sunday, April 24, 2022 Editor's Note: Derek Dostal , Pedro J. Bermeo , and Lee Hochbaum , are partners at Davis Polk & Wardwell LLP. This post is based on a Davis Polk memorandum by Mr. Dostal, Mr. Bermeo, Mr. Hochbaum, Michael Kaplan , W. Soren Kreider IV , and Richard D. Truesdell. Related research from the Program on Corporate Governance includes SPAC Law and Myths by John C.

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Volvo takes stake in Carwow to help boost digital sales

Financial Times M&A

Carmaker aims for half of sales to be online by 2025

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Trulieve Acquires Greenhouse Wellness West Virginia, Gains Its 10th Cannabis Dispensary Permit In The State

Benzinga

Trulieve Cannabis Corp. OTCQX: TCNNF ) (CSE:TRUL) closed the acquisition of Greenhouse Wellness West Virginia Dispensaries LLC, holder of a West Virginia dispensary permit. Trulieve paid an immaterial amount of cash consideration for the transaction.

What’s The Difference Between Recurring And Repeat Revenue?

Benchmark Report

If you are considering selling your business , you will need to have a clear understanding of its type of customer revenue because it can significantly impact the value of your business.

The Perils and Promise of ESG-Based Compensation: A Response to Bebchuk and Tallarita

Harvard Corporate Governance

Posted by Ira Kay, Pay Governance LLC, on Wednesday, April 27, 2022 Editor's Note: Ira T. Kay is managing partner/founder of Pay Governance LLC. This post relates to The Perils and Questionable Promise of ESG-Based Compensation by Lucian A. Bebchuk and Roberto Tallarita (discussed on the Forum here ). Evolution of Environmental, Social, and Governance (ESG) metrics-based incentive programs within large corporations: What impact will they have on the companies themselves and broader society?

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Musk, Twitter and the need to vet new media owners

Financial Times M&A

The maverick’s free-speech vision could collide with EU regulation

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7 Corporate Titans Who Took Over Media Companies: Adelson, Bezos And More

Benzinga

As opposed to expectations for a drawn-out soap opera, it took just three weeks for Tesla, Inc. NASDAQ: TSLA ) CEO Elon Musk to force the Twitter Inc. NYSE: TWTR ) board into yielding. Twitter confirmed Monday it has agreed to be taken private by Musk for $54.20

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Elon Musk Agrees to Buy Twitter

NYT M&A

The world’s richest man succeeded in a bid to acquire the influential social networking service, which he has said he wants to take private.

How Would Directors Make Business Decisions Under a Stakeholder Model?

Harvard Corporate Governance

Posted by Robert T. Miller (University of Iowa), on Tuesday, April 26, 2022 Editor's Note: Robert T. Miller is Professor of Law and F. Arnold Daum Fellow in Corporate Law at the University of Iowa College of Law. This post is based on his recent paper , forthcoming in The Business Lawyer. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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