Mon.Feb 19, 2024

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A Theory of the REIT

Harvard Corporate Governance

Posted by Jason Oh and Andrew Verstein, UCLA School of Law, on Monday, February 19, 2024 Editor's Note: Jason Oh is a Professor of Law and the Lowell Milken Chair in Law, and Andrew Verstein is a Professor of Law at UCLA School of Law. This post is based on their article forthcoming in The Yale Journal on Regulation. Real Estate Investment Trusts (REITs) are companies that raise money from the public to invest in real estate.

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Public meetings of the IVSC’s standards boards

IVSC

Register to join the public meetings of the IVSC’s standards boards The IVSC’s standard-setting boards are convening for an in-person meeting in New York City from February 26 to 29, 2024. This gathering marks the first assembly of the Standards Review Board, the Business Valuation and Intangible Assets Board, the Financial Instruments Board, and the Tangible Assets Board since the release of the latest International Valuation Standards (IVS).

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CCEOs Should Address 7 Questions When Considering a Human Rights Policy

Harvard Corporate Governance

Posted by Dian Zhang and Kate Jordan, Gartner, Inc., on Monday, February 19, 2024 Editor's Note: Dian Zhang is a Senior Research Principal, and Kate Jordan is a Senior Principal Advisor at Gartner, Inc. This post is based on their Gartner memorandum. 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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Capital One Said to Be in Talks to Acquire Discover

NYT M&A

The proposed deal would combine two of the largest credit card companies in the United States.

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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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Securities Law: Year in Review

Harvard Corporate Governance

Posted by Stephen Blake, Craig Waldman, and Jonathan Youngwood, Simpson Thacher & Bartlett LLP, on Monday, February 19, 2024 Editor's Note: Stephen Blake , Craig Waldman , and Jonathan Youngwood are Litigation Partners at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher & Bartlett LLP memorandum by Mr. Blake, Mr. Waldman, Mr.

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Comment on Let’s All Build the Gallows Together by Todd Redington

Appraisers Blog

In reply to Baggins. As evidenced by my own experience when 2 out of 5 orders I indicated a need for increased scope of work because the PDC data was insufficient. Since then crickets… Note that most of my work from a desktop and PDC perspective is investigatory because of my position with certain organizations and having first hand knowledge of the process is paramount to crafting communication with regulatory parties.

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Comment on Let’s All Build the Gallows Together by Spencer Paul

Appraisers Blog

In reply to Baggins. The other concerns that I have are the legal concerns, specifically with E&O insurance. I have contracted by E&O (a larger one) and they have stated based on state board comments they would NOT cover the new hybrid appraisals due to the lack of verification of data that we are signing off on. If my E&O insurance is not willing to cover me on any assignments related to hybrid work, then why would ever want to do them?

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Currys shares soar as Chinese online retailer enters takeover battle

The Guardian M&A

JD.com weighing up offer after UK electrical retailer rejects £700m bid from US private equity group Elliott Currys rejects takeover bid from Elliott A Chinese e-commerce company has said it is considering making an offer for Currys, sending the electronics retailer’s shares soaring amid hopes of a bidding war with private equity investor Elliott. The share price of Currys surged by a third on Monday morning after JD.com revealed it was “in the very preliminary stages” of a cash takeover bid.

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Spencer Paul. State the insurers name specifically if you can. That would send a shock wave to the pro desktop advocates if they’re completing this work, and have that same insurer. Has anyone to date requested the PDC inspectors professional liability insurance or general workers insurance and received a copy of that? Who’s insuring the property data collectors?

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Capital One nears deal to buy Discover Financial

Financial Times M&A

Takeover would unite two of US’s largest credit card companies and reshape industry

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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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Comment on Let’s All Build the Gallows Together by Mark Hastert, ASA

Appraisers Blog

Fannie & Freddie have issued a clarion call to all appraisers to pitch in & help build the gallows from which they will hang us all in 2025.

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Capital One Set To Acquire Discover In Landmark $35.3B Deal

Benzinga

Capital One Financial Corp (NYSE: COF ) has announced its plans to purchase Discover Financial Services (NYSE: DFS ), marking a pivotal $35.3 billion all-stock transaction. This strategic acquisition is poised to reshape the landscape of credit card services in the United States, bringing together two of the industry's heavyweights, according to CNBC.

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Comment on Let’s All Build the Gallows Together by Todd Redington

Appraisers Blog

In reply to Spencer Paul. To your comment The WA state boards have already stated at ACOW meetings they expect USPAP to be upheld on all reports regardless of the scope of work. This includes verification of data from third party sources. If we have to verify the size of the house, there is only one way to do that and the is a physical inspection. The state boards agreed and pointed out that the PDC’s information must be verified.

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S&P Global close to acquisition of research platform Visible Alpha

Financial Times M&A

Deal would be latest move by financial data firm as it tries to compete with Bloomberg

Alpha 101
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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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Comment on Let’s All Build the Gallows Together by Dave

Appraisers Blog

Well, I finally made it all the way through a Baggin’s soliloquy. He said it much better than I could’ve despite being a little long-winded. Sometimes a little long-winded background, and Detail is good for the soul!! Well done Baggins!

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Benchmark International Successfully Facilitated The Transaction Between Digital Prism Advisors, Inc. And Mod Op

Benchmark Report

Digital Prism is a management consulting firm specializing in digital strategy and transformation guidance. Digital Prism helps its clients achieve their growth strategies through technology-driven improvements, enabling market expansion, product innovation, customer acquisition, and efficient operations.

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Comment on Let’s All Build the Gallows Together by Todd Redington

Appraisers Blog

In reply to Baggins. Desktops have never been anything remotely close to accurate or reliable as full service appraisals in the first place. **Completely agree, never said they were as accurate. For the pdc inspectors, good luck trusting that data, **Again, agreed. However, if the PDC includes a sketch that has the same perimeter and similar dimensions as is available through public records or other sources, which I acknowledge not all municipalities have, then the appraiser has independently ve

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Capital One Explores Potential Acquisition Of Discover In Strategic Credit Card Boost

Benzinga

Capital One Financial Corp (NYSE: COF ) is reportedly exploring the possibility of acquiring Discover Financial Services (NYSE: DFS ), signaling a strategic move to strengthen its credit card offerings. Deliberations Are On, Discover Stock Is A Good Asset Virginia-based Capital One has engaged advisers to evaluate a potential deal with Discover, a credit-card lender headquartered in Illinois.

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Retired Appraiser. Go for it. In fact; You should specialize in desktops which rely on pdc’s, so then you could charge even less. [link] Let’s examine current trends; Automatic complaint generations against appraisers is an ongoing event with GSE’s. What would make writing out more specific complaints which stick be possible?

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Benchmark International Successfully Facilitated The Transaction Between Digital Prism Advisors, Inc. And Mod Op

Benchmark Report

Digital Prism is a management consulting firm specializing in digital strategy and transformation guidance. Digital Prism helps its clients achieve their growth strategies through technology-driven improvements, enabling market expansion, product innovation, customer acquisition, and efficient operations.

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Todd Redington. Well, desktops have never been anything even remotely close to accurate or reliable as full service appraisals in the first place. In fact, desktops used to occupy the space which is now reserved for outright appraisal waivers. The notion that desktops make an adequate substitute for full service appraisals is an idea rooted in flawed logic.

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Chinese ecommerce group JD.com considering offer for Currys

Financial Times M&A

Interest comes days after UK electronics retailer rejected unsolicited bid from Elliott Management

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Todd Redington. Great points. I wrote something about this just the other day on the new thread. How the use of alternative products skews existing market data, which sends out the domino effect down the line. [link] The notion that it’s only 50% or whatever, of a million dollar loan… Even a hundred thousand… These relief policies would not exist if lenders were loaning their own money, were not able to offload losses back to the public coffers, were not operating o

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Friends now, foes later: Sequoia’s drama at Klarna

Financial Times M&A

Plus, a UK electronics retailer sparks a cross-border bidding war and meet the auditors that signed off on China Evergrande

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Comment on Let’s All Build the Gallows Together by Baggins

Appraisers Blog

In reply to Dave. Thanks. Every day I tell myself; Simple is better. Then the issues are so darn complicated. I’m giving it up soon anyways, the appraisal industry is cooked beyond recognition. GSE people purposefully mis manage everything appraisal related, because they would rather advocate for stake holders than for American citizens. As goes the appraiser, so goes the American consumers financial security in housing.

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Wachtell Lipton Guides Capital One On $35.3B Discover Deal

Law 360 M&A

Wachtell Lipton-advised Capital One said Monday it has agreed to acquire Discover Financial Services, guided by Sullivan & Cromwell, in a $35.3 billion all-stock deal that Capital One said will give it the ability to compete with the nation's top three credit card networks.

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Jim Cramer Says Capital One's Stock 'May Actually Go Up' After $35.3B Discover Deal: Here's Why

Benzinga

Jim Cramer recently shared his insights on Capital One Financial Corp ‘s (NYSE: COF ) acquisition of Discover Financial Services (NYSE: DFS ) and its potential impact on the stock market. What Happened: Jim Cramer, the host of CNBC’s “Mad Money,” took to social media platform X on Tuesday to discuss the ramifications of Capital One acquiring Discover.

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Non-Operating Working Interests in Oil & Gas

Auto Dealer Valuation Insights

As we continue our discussion on non-op working interests from Part 1, we turn to how the markets and valuation parameters are structured. Non-op interests tend to be smaller, with less access to capital markets than larger operators or even many royalty aggregators. They’re more niche because they take more risks than royalty interests, as discussed in Part 1.

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How to Present Your Company to Maximize Value

Sun M&A

Selling your business is no easy task; logically, you want to get the most value when you sell it. For you, it’s more than a business; it represents years of hard work and dedication. Hasbrouck Heights, NJ Business broker, Sun Mergers & Acquisitions , helps privately held mid-market business owners sell their companies throughout the United States for the best value possible.

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Maximizing Success in M&A Transactions: The Power of Independent Business Valuations

GCF Value

In the fast-paced world of mergers and acquisitions (M&A), success hinges on informed decision-making and strategic negotiation. An integral component of this process is independent business valuations—an invaluable tool for M&A advisors seeking to guide their clients through complex transactions with confidence and clarity. The Importance of Commitment: At the outset of any M&A engagement, commitment is key.

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Gold Miner To Sell Russian Biz For $3.7B As Sanctions Bite

Law 360 M&A

Polymetal International said on Monday that it has agreed to sell its Russian business for an estimated $3.69 billion in cash and debt, as the precious metals giant looks to comply with international sanctions following the invasion of Ukraine in 2022.

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Trucking Equipment Appraisals

Peak Business Valuation

Our interconnected world relies heavily on the seamless operation of trucks. Trucks and trucking equipment facilitate the efficient transportation of essential goods. Without them, we would bid farewell to critical services across various sectors. This would impact waste management, disaster response, agriculture, and beyond. Understanding the financial value of trucks and trucking equipment is pivotal.

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Auditors, don’t rush to use AI!

Norman Marks

I find it frustrating to see so many so-called experts calling for internal auditors to grab the latest technology, the latest being generative artificial intelligence (AI), and find a way to use it. Let me tell you this: artificial intelligence is not always that intelligent!

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LLYC Announces the Acquisition of Lambert Global

Benzinga

Marks the largest acquisition in LLYC's history while creating the firm's second-largest geographic market Aligns with LLYC's Strategic Plan and its commitment to invest up to €40 million for inorganic growth investments in key markets LLYC is expected to rank in the top 25 PR agencies in the U.S. 1 GRAND RAPIDS, Mich. and MADRID, Spain, Feb. 19, 2024 (GLOBE NEWSWIRE) -- LLYC (BME:LLYC), a global Corporate Affairs and Marketing consulting firm, today announced the acquisition of La

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