Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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How Companies React to Say on Pay Failures

Harvard Corporate Governance

Posted by Lucia Song, Equilar, Inc., on Monday, July 22, 2024 Editor's Note: Lucia Song is a Research Analyst at Equilar, Inc. This post is based on her Equilar memorandum. Say on Pay continues to exert significant influence on corporate governance, compelling companies to reassess and adjust their executive compensation practices in response to shareholder feedback.

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How the aviation industry could help scale sustainable fuel production

Mckinsey and Company

Demand for sustainable aviation fuel could outpace supply by 2030 without a significant increase in capacity. Forward-leaning aviation players use a combination of strategies to source SAF, including equity investments, to help scale the ecosystem.

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Trending Sources

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Comment on Key Part of USPAP Not Available from TAF by Eric Kretz

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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FDI Tumbled Across Asia In 2023, UN Reports

Global Finance

A sizable decline in foreign direct investment (FDI) in China and a notable decrease in M&A sales across developing Asia contributed to an 8% fall in FDI to $621 billion across the region in 2023, according to data from the United Nations Conference on Trade and Development (UNCTAD). Nowhere was the drop steeper than in South Asia, where a 37% fall to $36 billion was reported.

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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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AI: Are Boards Paying Attention?

Harvard Corporate Governance

Posted by Avi Gesser, Bill Regner and Paul Rodel, Debevoise & Plimpton LLP, on Monday, July 22, 2024 Editor's Note: Avi Gesser , Bill Regner and Paul Rodel are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Gesser, Mr. Regner, Mr. Rodel, Steve Slutzky , Joshua Samit and Amy Pereira. In the wake of a number of shareholder proposals, as well as first-of-their-kind enforcement actions and public statements by the U.S.

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Fried Frank, Skadden Steer $2B Sale Of Dover's ESG Biz

Law 360 M&A

Manufacturing conglomerate Dover Corp., advised by Skadden Arps Slate Meagher & Flom LLP, on Monday announced plans to sell its Environmental Solutions Group business to Fried Frank Harris Shriver & Jacobson-led manufacturing company Terex Corp. for $2 billion in cash.

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More Trending

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South32 Dives On $818M Impairment As Alumina And Nickel Assets Disappoint

Benzinga

South32 (OTC: SHTLF ) shares plummeted after the company announced an $818 million impairment charge for two important assets. At last check Monday, the company’s stock was down 11.13%, trading at $10.02 per share. The Worsley alumina project, located southwest of Perth, includes the Boddington bauxite mining and alumina refining operations. Two weeks ago, the Western Australian government received environmental approval to extend its operational life by 15 years, but it imposed stringent

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Supreme Court rules SEC use of in-house tribunals is unconstitutional

Harvard Corporate Governance

Posted by Joel M. Cohen, Tami Stark and Ladan Stewart, White & Case LLP, on Saturday, July 20, 2024 Editor's Note: Joel M. Cohen , Tami Stark and Ladan Stewart are Partners at White & Case LLP. This post is based on a White & Case memorandum by Mr. Cohen, Ms. Stark, Ms. Stewart, Marietou Diouf and Robert DeNault. On June 27, 2024, the Supreme Court ruled in SEC v.

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CSG Again Ups Price For Vista's Sporting Biz To $2.15B

Law 360 M&A

Czech defense company Czechoslovak Group AS has upped its price to buy Vista Outdoor Inc.'s sporting products division, called The Kinetic Group, to $2.15 billion, an increase of $50 million from the previous deal terms, Vista said Monday.

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Comment on Key Part of USPAP Not Available from TAF by Baggins

Appraisers Blog

In reply to Rick Hemry on Facebook. Apparently using Firefox has allowed me to go right past these issues for many years. I’m usually not even aware if a document had been locked or not. There is a function where when you take in a pdf, it opens in firefox, then you get an additional in browser option to download the pdf file. It’s unlocked every time as part of the standard download process, and other custom sizing elements are usually removed as well.

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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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CIBC Mellon – World’s Best Sub-custodian Bank 2024

Global Finance

Mal Cullen, Chief Executive Officer, CIBC Mellon Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Consumer Bank, the 2024 World’s Best Consumer Bank is Standard Chartered. “CIBC Mellon continues to lead the sub-custody sector with its outstanding post-trade capabilities, deep resources and advanced technology.

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Driving Audit Quality Forward: Where We’ve Been and Where We’re Heading

Harvard Corporate Governance

Posted by Kathleen Hamm, Public Company Accounting Oversight Board, on Monday, July 22, 2024 Editor's Note: Kathleen Hamm is a Former Board Member at Public Company Accounting Oversight Board. This post is based on her speech. I. Introduction Good afternoon, everyone. Thank you, Alan [Wilson, WilmerHale Partner], for your kind introduction. And thank you to the Center for Audit Quality (CAQ) and WilmerHale for inviting me to speak here today.

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Latham-Guided PE Firm To Buy UK Property Biz For £600M

Law 360 M&A

Hammerson PLC said Monday that it has agreed to sell retail management company to a vehicle owned by U.S. private equity firm L Catterton for £600 million ($775.6 million) to help the real estate developer pay back debt and make other investments.

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Comment on Key Part of USPAP Not Available from TAF by Retired Appraiser

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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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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UBA – World’s Best Frontier Markets Bank 2024

Global Finance

Oliver Alawuba, Group Managing Director and CEO, UBA Bank Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Frontier Market Bank, the 2024 World’s Best Frontier Market Bank is UBA. “United Bank for Africa continued to deliver on its dedication to serving domestic and international businesses while providing financial inclusivity during 2023’s slowing economic growth.

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Supreme Court’s Overruling of Chevron Will Invite More Challenges to Agency Decisions

Harvard Corporate Governance

Posted by Shay Dvoretzky, Parker Rider-Longmaid and Boris Bershteyn, Skadden, Arps, Slate, Meagher & Flom LLP, on Sunday, July 21, 2024 Editor's Note: Shay Dvoretzky , Parker Rider-Longmaid , and Boris Bershteyn are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Dvoretzky, Mr. Rider-Longmaid, Mr.

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Terex's $2B Power Play: Expands North American Footprint With ESG Deal

Benzinga

Terex Corporation (NYSE: TEX ) shares are trading higher after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE: DOV ) in a $2.0 billion all-cash transaction. Based in Chattanooga, Tennessee, ESG provides refuse collection vehicles, compactors, and balers, as well as related aftermarket equipment and digital offerings, including onboard vehicle safety systems, route management, predictive maintenance, and customer relationship management softwa

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Comment on Key Part of USPAP Not Available from TAF by Baggins

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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QNB – World’s Best Emerging Markets Bank 2024

Global Finance

Abdulla Mubarak al-Khalifa, Group Chief Executive Officer, QNB Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Emerging Markets Bank, the 2024 World’s Best Emerging Markets Bank is QNB. “QNB’s twin strategies of focusing on its core wholesale banking business and constantly improving its approach to risk management has led to significant growth in its domestic market and the Middle Easter

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Business Valuation for Selling a Manufacturing Business

Peak Business Valuation

The trillion-dollar manufacturing industry is a fertile ground for ambitious business owners. This industry plays a critical role in the global economy. As such, manufacturing businesses are very valuable. If you own a manufacturing business, selling it can be lucrative. But before you proceed, it is important to receive a business valuation for selling a manufacturing business.

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Tellurian Shares Soar on $1.2B Woodside Deal: Details

Benzinga

Tellurian Inc. (NYSE: TELL ) shares are trading higher after the company inked an acquisition deal with Australia’s Woodside Energy Group Ltd (NYSE: WDS ) for an implied enterprise value of $1.2 billion, including net debt. The deal consideration includes a $900 million all-cash payment or $1.00 per Tellurian share. The acquisition price represents a 75% premium to Tellurian’s closing price on July 19, 2024, and a 48% premium to Tellurian’s 30-day volume weighted average price.

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How are logistics executives navigating supply chain disruptions?

Mckinsey and Company

Recent issues at canals and ports have created supply chain uncertainty. How do logistics executives help their customers cope?

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Standard Chartered – World’s Best Consumer Bank 2024

Global Finance

Judy Hsu, CEO, Wealth and Retail Banking, Standard Chartered Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Consumer Bank, the 2024 World’s Best Consumer Bank is Standard Chartered. “Standard Chartered’s investments in digital channels and improved client experience have paid off for the bank and the consumer via dramatic increases in net profits and in broader product portfolio.

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From the Playing Field to Wall Street

NYT M&A

For more than 200 pro athletes, the boutique investment firm Patricof Co. is opening the door to the private equity market.

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SBA Loans for Clothing Stores

Peak Business Valuation

Launching , growing , or buying a clothing store presents some exciting possibilities. The clothing retail industry is fueled by various factors such as growth in eCommerce and evolving fashion trends. As such, operating a clothing store can be very rewarding. However, running a clothing store often requires significant capital. If you need to finance a clothing store, the Small Business Administration offers many options.

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Nippon Steel hires Mike Pompeo in lobbying push for $15bn US Steel bid

Financial Times M&A

Trump’s ex-secretary of state to help Japanese company overcome opposition to deal

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BBVA – World’s Best Corporate Bank 2024

Global Finance

Javier Rodríguez Soler, Global Head of Sustainability and Corporate & Investment Banking (CIB), BBVA Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Corporate Bank, the 2024 World’s Best Corporate Bank is BBVA. “With a 50% growth rate for its international corporate banking business, BBVA’s focus on digitalization, innovation, and sustainability has delivered significant returns for

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Contractual Remedies in Mergers: Lessons from Crispo v. Musk

Reynolds Holding

What remedy should a target be entitled to get from a breaching buyer in a merger transaction? This seemingly straightforward question has surprisingly vexed M&A practitioners and judges over the years. With a public target, the buyer typically promises to pay the consideration to the target shareholders (and not the target), often at a premium above the target’s pre-announcement stock price.

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Tomorrow’s Webcast: “2024 DGCL Amendments: Implications & Unanswered Questions”

John Jenkins

Tune in tomorrow at 2 pm eastern for our “2024 DGCL Amendments: Implications & Unanswered Questions” webcast to hear Steven Haas of Hunton Andrews Kurth, Julia Lapitskaya of Gibson Dunn, and Eric Klinger-Wilensky of Morris Nichols discuss the landmark changes made by the 2024 DGCL amendments.

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FourKites’ CEO on the value of digitization

Mckinsey and Company

FourKites founder and CEO Matt Elenjickal discusses how digitization can help logistics customers who are dealing with ongoing supply-chain-infrastructure disruptions.

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JP Morgan – World’s Best Bank 2024

Global Finance

Jamie Dimon Chairman and Chief Executive Officer JP Morgan Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , the 2024 World’s Best Bank is JP Morgan. “JP Morgan topped its global competition across numerous business lines through its deep expertise, leading client service, and broad product offerings.

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Amazon buys Hammer horror maker Bray Film Studios

Financial Times M&A

US tech giant’s Prime Video unit acquires stages and workshops where productions such as ‘Dracula’ were made

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Hamilton Thorne Announces Agreement to be Acquired by Astorg for CAD$2.25 Per Share in Cash

Benzinga

Purchase price of CAD$2.25 per Hamilton Thorne share represents enterprise value of approximately CAD$388 million (US$282 million). Represents a premium of approximately 54% to the closing price on the Toronto Stock Exchange ("TSX") of Hamilton Thorne shares on July 19, 2024, the last trading day prior to the announcement of the transaction, and approximately 62% to the 90-day VWAP as of the same date 1.

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SEKO’s head of ocean freight on the AI future

Mckinsey and Company

SEKO senior vice president for global ocean freight Akhil Nair discusses the significant disruptions that AI could bring to the world of logistics.

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