Sat.Jun 18, 2022 - Fri.Jun 24, 2022

Corporate Racial Equity Tracker

Harvard Corporate Governance

Posted by Kavya Vaghul and Ashley Marchand Orme, JUST Capital, on Monday, June 20, 2022 Editor's Note: Kavya Vaghul is Senior Director of Research and Ashley Marchand Orme is Director of Corporate Equity at JUST Capital. This post is based on a JUST Capital memorandum by Ms. Vaghul, Ms.

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Viking Assists With Transaction in Commercial Cleaning Industry

Viking Mergers

Viking Mergers & Acquisitions of Tampa, Florida, announces the successful acquisition of a well-established commercial cleaning company by a Purchaser poised for stability and growth.

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F-star Therapeutics Shares Are Rallying Today - Read Why

Benzinga

invoX Pharma , a wholly-owned subsidiary of Sino Biopharmaceutical Limited, has agreed to acquire F-star Therapeutics Inc (NASDAQ: FSTX ) for $7.12 per share. The proposed acquisition values F-star at approximately $161 million. Just a year ago, F-star priced its IPO at $7.

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What is Value in a Business Valuation?

Chris Curtain

The Principals of a Business Valuation Value Starts with Expected Cash Flow In the context of a business valuation, value is based on the expected future cash flow of the ownership interest in a business or investment.

It Pays For Companies To Leave Russia

Harvard Corporate Governance

Posted by Jeffrey A. Sonnenfeld (Yale School of Management), on Friday, June 24, 2022 Editor's Note: Jeffrey A. Sonnenfeld is the Lester Crown Professor in the Practice of Management at the Yale School of Management. This post is based on a recent paper by Prof.

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Companies Need to Pay Attention to Gen Z

Machen McChesney

Finding talent is an issue for nearly all businesses. There are many reasons for this, but the top three may be (1) adjusting to a new normal that is not yet fully formed, (2) the generational shift in leadership, and (3) the scarcity of talent.

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Why USA Truck Shares Are Skyrocketing Today

Benzinga

Logistics service provider DB Schenker has agreed to acquire all outstanding shares of USA Truck Inc. NASDAQ: USAK ) for $31.72 per share in cash, valuing USAK at ~$435 million, including assumed cash and debt. DB Schenker is a subsidiary of Deutsche Bahn.

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More Trending

The Lessons Behind Women’s Gains in Board Leadership

Harvard Corporate Governance

Posted by Molly Stutzman, JUST Capital, on Friday, June 24, 2022 Editor's Note: Molly Stutzman is Analyst of Corporate Research at JUST Capital. This post is based on her JUST Capital memorandum.

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Kellogg’s to split into three separate food businesses

Financial Times M&A

Chief says US group studied past break-ups in its own industry and by other companies such as GE

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Eton Pharma Shares Tick Higher After Offloading Hospital Products

Benzinga

Eton Pharmaceuticals Inc (NASDAQ: ETON ) has sold its hospital products to Dr. Reddy's Laboratories SA, a subsidiary of Dr. Reddy's Laboratories Ltd (NYSE: RDY ), for $50 million.

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Corporate Criminal Liability for ESG Initiatives Is on Its Way

Reynolds Holding

The Securities and Exchange Commission (“SEC”) has signaled that it wants to increase enforcement against “greenwashing” – misrepresentation of a company’s environmental actions. It is not yet clear, though, whether these enforcement efforts will expand the risk of corporate criminal liability.

Regulatory Solutions: A Global Crackdown on ESG Greenwash

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Thursday, June 23, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services, Inc.

Accor and Hoxton boutique hotel venture valued at more than €2bn ahead of deal

Financial Times M&A

Plans to sell stake to Qatari consortium shows confidence in high end of travel market

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Benzinga

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE: ZEN ) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing.

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ISS Discusses Global Crackdown on ESG Greenwashing

Reynolds Holding

The meteoric global rise of ESG investing is increasingly being met with an equally ambitious regulatory disclosure regime, and, targeting greenwashing, policymakers are beginning to bare their teeth.

The SEC’s Authority to Pursue Climate-Related Disclosure

Harvard Corporate Governance

Posted by Jill E. Fisch (University of Pennsylvania), on Monday, June 20, 2022 Editor's Note: Jill E. Fisch is the Saul A. Fox Distinguished Professor of Business Law and co-Director of the Institute for Law and Economics at the University of Pennsylvania Carey Law School. This post is based on a comment letter to the U.S. Securities and Exchange Commission by Prof. Fisch; George S. Georgiev , Associate Professor of Law at Emory University School of Law; Donna M. Nagy , C.

Singaporean fund GIC strikes €2.1bn deal with The Student Hotel

Financial Times M&A

Dutch pension fund manager APG to increase stake in European student accommodation and hotel group

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Merck/Seagen Potential Deal Talks Pick Up Speed: WSJ

Benzinga

Merck & Co Inc (NYSE: MRK ) is pushing forward with a potential deal for Seagen Inc (NASDAQ: SGEN ), Wall Street Journal reported, citing people familiar with the matter. The Journal mentioned that the deal could be one of the largest takeovers of the year.

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Sapporo U.S.A. to Acquire Stone Brewing

Business Wire M&A

SAN FRANCISCO--(BUSINESS WIRE)--Sapporo U.S.A. to Acquire Stone Brewing

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Competing Views on the Economic Structure of Corporate Law

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School), on Tuesday, June 21, 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. This post is based on his recent paper. I recently placed on SSRN a new essay, Competing Views on the Economic Structure of Corporate Law.

Broadcom’s $69bn VMware deal set for lengthy EU antitrust investigation

Financial Times M&A

Brussels competition regulators plan detailed probe in move that will delay acquisition

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Tips For Building A Successful Cannabis Business: Meet Trulieve's Kim Rivers At Benzinga's Cannabis Capital Conference This September

Benzinga

With cannabis reform becoming a global phenomenon, the question of its federal legalization in the U.S. has come down to when it will take place. Kim Rivers , CEO of Trulieve Cannabis Corp.

Protect Yourself Against Racial Bias Claims

Appraisers Blog

Free webinar on how to protect yourself against discrimination claims on 6/30/22, and today there will be a forum on “Racial Bias in the Home Appraisal Process”… OREP is sponsoring a free webinar on how to protect yourself and your business against discrimination claims.

Proposal on Climate-Related Disclosures Falls Within the SEC’s Authority

Harvard Corporate Governance

Posted by John C. Coates (Harvard Law School), on Wednesday, June 22, 2022 Editor's Note: John C. Coates is the John F. Cogan, Jr. Professor of Law and Economics at Harvard Law School. This post is based on his recent comment letter. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A. Bebchuk and Roberto Tallarita (discussed on the Forum here ); For Whom Corporate Leaders Bargain by Lucian A.

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Pfizer buys stake in French vaccine maker Valneva

Financial Times M&A

US pharma group to pay €90.5mn for 8% in deal that will boost joint Lyme disease programme

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Here's Why Zendesk Shares Are Trading Higher Today

Benzinga

Zendesk, Inc (NYSE: ZEN ) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports.

Small Business Challenges: Inflation Rises While the Economy Stumbles

BV Specialists

In the small business arena, where the vast majority of US companies compete, there always seem to be new challenges and obstacles confronting many owners and employers each year.

Proposal on Climate-Related Disclosures for Investors

Harvard Corporate Governance

Posted by Lawrence A. Cunningham (George Washington University), on Thursday, June 23, 2022 Editor's Note: Lawrence A. Cunningham is the Henry St. George Tucker III Research Professor at George Washington University Law School. This post is based on a comment letter by Professor Cunningham and 21 other Professors of law and finance. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

Crypto’s John Pierpont Morgan

Financial Times M&A

Plus, inside the UK’s efforts to keep Arm within its borders and Mars’s shift from candy bars to cat food

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EXCLUSIVE: Splash Beverage Acquires 80% Stake In Spanish Wine Brand Pulpoloco Sangria

Benzinga

Splash Beverage Group Inc (NYSE: SBEV ) has signed an agreement to acquire 80% of Pulpoloco Sangria , a Spanish wine brand, for an undisclosed sum. Splash has previously acquired the distribution rights to Pulpoloco in 2020 and is currently the exclusive importer of Pulpoloco for the.

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Construction Ahead: Opportunities and Challenges in 2022

Machen McChesney

The Infrastructure Investment and Jobs Act (H.R. 3684) will inject approximately $3 trillion into upgrading and expanding U.S. infrastructure, presenting a long horizon of opportunity for the construction industry. Business Advisory

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New Climate-Related Financial Disclosures for Private Companies and LLPs

Harvard Corporate Governance

Posted by Gareth Rees, Matthew Dunlap, and Stephanie Pong, Morrison & Foerster, on Sunday, June 19, 2022 Editor's Note: Gareth Rees and Matthew Dunlap are partners and Stephanie Pong is an associate at Morrison & Foerster. This post is based on a Morrison & Foerster memorandum by Mr. Rees, Mr. Dunlap, Ms. Pong, and James Quirke.

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Fear of recession will not stop deals, says Centerview’s Blair Effron

Financial Times M&A

Co-founder of boutique investment bank says pressure from new technologies has made M&A ‘less cyclical’

Barclays Deepens Hosuing Market Share By Acquiring Mortgage Lender Kensington For ~$2.8B

Benzinga

Barclays PLC (NYSE: BCS ) extends its reach in Britain's housing market with the acquisition of specialist lender Kensington Mortgage Company for 2.3 billion pounds ($2.8 billion), reported Reuters.

Appraisers Should Bristle

Appraisers Blog

Stealthy vice again masquerades as public virtue. The head of yet another government-subsidized nonprofit was found funneling cash to cronies while raking in obscene compensation.

When 9 is the Perfect Number

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Tuesday, June 21, 2022 Editor's Note: Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas, Rich Fields leads the Board Effectiveness practice, and Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe at Russell Reynolds Associates. This post is based on a Russell Reynolds memorandum by Mr. O’Kelley, Mr. Fields, Ms.

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Selling to yourself: the private equity groups that buy companies they own

Financial Times M&A

A growing number of privately owned companies are being bought and sold by the same firm. Critics point to conflicts of interest