Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Subodh Mishra, ISS STOXX, on Monday, October 21, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Daniel Feinberg, Senior Associate, Sustainability Advisor, ISS-Corporate. Increased Investor Interest in Climate Lobbying Transparency Climate lobbying – the alignment of a company’s climate commitment with its lobbying expenditures – has emerged as a trend in shareholder proposals in recent years.

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Mckinsey and Company

OCTOBER 21, 2024

The OECD sees the global economy improving. Central banks’ strategies are diverging, with some cutting rates and others raising them. China announces a major stimulus, and the US Federal Reserve cuts rates.

Banking 66

Banking Corporate Finance Finance 66

NYT M&A

OCTOBER 21, 2024

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

Mergers & Acquisitions 77

Mergers & Acquisitions 77

Benzinga

OCTOBER 21, 2024

In a significant development in the health insurance industry, Cigna Group (NYSE: CI ) has reinitiated discussions to merge with Humana Inc. (NYSE: HUM ), potentially creating a giant in the sector. Talks, previously stalled over pricing disagreements, have resumed with a focus on a transformative consolidation that could reshape market dynamics. According to a Bloomberg report on Friday, the early talks about the merger would significantly expand Cigna’s footprint in Medicare Advantage al

Marketability 64

Marketability 64

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

OCTOBER 19, 2024

Posted by Amit Batish, Equilar, Inc., on Saturday, October 19, 2024 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on his Equilar memorandum. In today’s evolving corporate landscape, the presence of chief human resources officers (CHROs) on corporate boards has become a focal point for organizations seeking to enhance their governance and strategic decision-making.

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Financial Times M&A

OCTOBER 21, 2024

The decision comes the same day as ExxonMobil wins approval for its long-delayed asset sale in Niger Delta

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Global Finance

OCTOBER 20, 2024

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

Finance 64

Finance Banking Technology 64

Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Antoinette Schoar (Massachusetts Institute of Technology), and Yang Sun (Brandeis International Business School), on Monday, October 21, 2024 Editor's Note: Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Yang Sun is an Assistant Professor of Finance at Brandeis International Business School.

Finance 146

Finance Technology Marketability 146

Sun Acquisitions

OCTOBER 21, 2024

In the dynamic world of mergers and acquisitions (M&A), financing plays a pivotal role in bringing deals to fruition. For mid-sized businesses eyeing growth opportunities through M&A, understanding the available financing options is essential for success. From traditional bank loans to alternative funding sources, many options exist. Let’s delve into some valuable financial insights to help you navigate the complexities of M&A financing. 1.

Finance 59

Finance Banking Equity Private Equity Firm 59

Benzinga

OCTOBER 21, 2024

SNDL Inc. (NASDAQ: SNDL ) announced Monday the completion of its acquisition of Nova Cannabis Inc. (OTC: NVACF ) (TSX: NOVC ), securing full ownership by purchasing the remaining 34.8% of shares it did not already hold. The transaction was approved by over two-thirds of Nova shareholders and a majority of disinterested shareholders, enhancing SNDL’s cannabis retail operations efficiency.

Marketability 59

Marketability 59

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

Global Finance

OCTOBER 21, 2024

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry. The rise in e-commerce businesses, services, manufacturing and the gig economy has resulted in dramatic increases in both the volume and value of cross-border payments in recent years. Long-term guaranteed fixed rates allow corporate treasuries to enhance financial stability, optimize liquidity, and align cash management practices wit

Treasury 59

Treasury Banking Finance Technology 59

Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Michelle Rutta, Tami Stark, and Scott Levi, White & Case LLP, on Monday, October 21, 2024 Editor's Note: Michelle Rutta , Scott Levi , and Tami Stark are Partners at White & Case LLP. This post is based on a White & Case memorandum by Ms. Rutta, Mr. Levi, Ms. Stark, Maia Gez , and Gabriella Klein. Overview Notwithstanding recent reports that the Securities and Exchange Commission (“SEC”) has quietly disbanded its Climate and ESG Task Force, [1] and while the SEC’s new cl

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Mckinsey and Company

OCTOBER 21, 2024

Emirates NBD partnered with McKinsey to identify growth opportunities and expand its talent—becoming an AI and advanced-analytics-driven bank.

Banking 63

Banking 63

Benzinga

OCTOBER 21, 2024

American Express Company (NYSE: AXP ) is poised to become the sole owner of Swisscard after UBS Group AG (NYSE: UBS ) announced plans to sell its 50% stake. This comes just days after American Express reported mixed third-quarter results , with revenue slightly below analyst expectations. What Happened : UBS is divesting its half-share in Swisscard to American Express, as per Reuters on Monday.

Equity 59

Equity Marketability 59

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

Law 360 M&A

OCTOBER 21, 2024

Wisper Internet is going to be taking over another telecom's Connect America Fund projects in the state of Missouri, and the Federal Communications Commission gave the move its blessing Monday by granting an application allowing the switch to move forward.

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52

Harvard Corporate Governance

OCTOBER 20, 2024

Posted by Bob Rosone and Maureen Bujno, Deloitte LLP, on Sunday, October 20, 2024 Editor's Note: Bob Rosone and Maureen Bujno are Managing Directors at Deloitte LLP. This post is based on their Deloitte memorandum. We often take for granted that things will work. The car will get us where we want to go. The computer will connect us to the world and help us be productive.

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IT Valuations

OCTOBER 21, 2024

If you don’t plan on closing your business, or giving it away, that means you’ll be selling your business at some point and that also means you’ll have to navigate the emotional journey of of due diligence. Join the iTValuations team as they discuss how to successfully prepare for, navigate, and excel through due diligence. Whether you’re hitting the market in a few weeks or 10 years away, you’ll benefit from hearing from the experts as they discuss: Preparing for d

Marketability 52

Marketability 52

Benzinga

OCTOBER 21, 2024

New On The Block Altus Power (NYSE: AMPS ) tapped investment bank Moelis & Company LLC to explore strategies to boost shareholder value. According to the clean electricity provider, the process should wrap up by 2025. Altus retained law firm Latham & Watkins to advise on legal matters. Motorsport Games Inc. (NASDAQ: MSGM ) is also looking to increase shareholder value via a potential sale or merger.

Private Equity Firm 52

Private Equity Firm Equity Banking Marketability 52

Law 360 M&A

OCTOBER 21, 2024

Discount retailer Big Lots Inc. got a Delaware bankruptcy judge's approval Monday to access the final $10 million in new money being funded under its debtor-in-possession loan package after it struck a last-minute deal to quell objections that a slate of landlords raised against final DIP approval.

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Peak Business Valuation

OCTOBER 21, 2024

The restaurant industry is extremely fragmented and competitive. As such, starting a restaurant can be very difficult. It is estimated that nearly 80% of restaurants fail within 5 years of opening. If you are looking for a stable entry into the restaurant industry, consider operating a restaurant franchise. This gives you a head-start in the industry and can be very lucrative.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Global Finance

OCTOBER 20, 2024

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

Finance 52

Finance Corporate Finance Banking Technology 52

Benzinga

OCTOBER 21, 2024

Sanofi SA (NASDAQ: SNY ) and private equity Clayton Dubilier & Rice (CD&R) have finally entered into exclusive negotiations to potentially sell and purchase a 50% controlling stake in Opella, Sanofi’s consumer health unit. The new step in Opella’s journey paves the way for creating a standalone player in consumer healthcare while supporting Sanofi’s strategy and increased focus on innovative medicines and vaccines.

Equity 52

Equity 52

Law 360 M&A

OCTOBER 21, 2024

Former Vice President Mike Pence has come out in support of Nippon Steel's planned $14.9 billion acquisition of U.S. Steel, stating that Nippon will inject essential funding into the ailing Pennsylvania-based steelmaker while helping to fend off China's and Russia's growing levels of global steel production.

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Mckinsey and Company

OCTOBER 21, 2024

Organizations have more data than ever, but scaling it remains a challenge. Here’s how companies can benefit from the data dividend and become truly data-driven businesses.

Dividends 52

Dividends 52

Peak Business Valuation

OCTOBER 19, 2024

Are you looking to buy, grow, or sell a gift shop ? With the right approach, this industry can be advantageous. Whether you are buying , growing , or selling a gift shop , it is important to receive a business valuation. During a gift shop valuation , business appraisers often apply valuation multiples for a gift shop to determine its value. In addition, they will equip you with key insights to help you maximize the fair market value of a gift shop.

Business Valuation 52

Business Valuation EBITDA Fair Market Value Appraisal 52

The Guardian M&A

OCTOBER 21, 2024

Move follows fears over jobs and control when private equity firm CD&R entered talks to buy Opella for €16bn The French government is to take a stake in the pharmaceutical company Sanofi’s consumer healthcare division to try to quell a backlash as the US private equity firm Clayton, Dubilier & Rice enters talks to buy the unit for €16bn (£13.3bn).

Private Equity Firm 49

Private Equity Firm Equity 49

Law 360 M&A

OCTOBER 21, 2024

A Colorado-based company that provides banking services to cannabis companies is suing three shareholders of a company it acquired in a $30 million merger, saying in the last few days they've attempted to change the way the merger payments are distributed.

Finance 52

Finance Banking 52

Financial Times M&A

OCTOBER 20, 2024

Abu Dhabi company to continue global investment spree that includes nearly €6.

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75

Benzinga

OCTOBER 21, 2024

LEHI, Utah and SEATTLE, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Universal Business Computing Company (UBCC), the leading provider of high-volume, high-productivity software for accounting and payroll professionals, today announced the purchase of all of its stock by Pioneer Accounting Group , based in Seattle, Washington. Armaven Pogosyan, the founder of Pioneer Accounting Group, comments, "I had observed the exceptional productivity of UBCC software when I purchased the accounting practice of Vivat L

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45

Norman Marks

OCTOBER 21, 2024

Corporate disclosures offer a tiny peek at what companies are doing about cyber risk. Most of the disclosures are voluntary, so a failure to disclose something doesn’t mean they are not doing it.

Compliance 45

Compliance 45

Law 360 M&A

OCTOBER 21, 2024

Charlotte-based Truist Bank has agreed to pay the federal government $9.1 million to resolve claims that its predecessor SunTrust Bank ran afoul of the law by approving unwise disbursements for beneficiaries of a lead poisoning settlement, the U.S. Department of Justice announced Monday.

Banking 52

Banking 52

Financial Times M&A

OCTOBER 20, 2024

Deal for consumer health arm has faced a political backlash over ceding controlling stake to American private equity group

Equity 64

Equity 64

Reynolds Holding

OCTOBER 20, 2024

Firms’ green claims have become ubiquitous in recent years. Products are “recycled” or “responsibly sourced,” financial instruments are “green” or “ESG,” firms promise to become “carbon neutral” or “net-zero,” and so on. But can the recipients of such claims assess whether they are true? Rarely, we posit. Environmental qualities tend to have credence attributes.

Marketability 59

Marketability Compliance 59

John Jenkins

OCTOBER 21, 2024

In our latest “Understanding Activism with John & J.T.” podcast, my co-host J.T. Ho and I were joined by Jim McRitchie, one of the leading voices in retail investor activism.

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