Thu.Jul 25, 2024

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Delaware Supreme Court Clarifies Standards Applicable To Advance Notice Bylaws

Harvard Corporate Governance

Posted by Arthur R. Bookout, Joseph O. Larkin and Jenness E. Parker, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, July 25, 2024 Editor's Note: Arthur R. Bookout , Joseph O. Larkin and Jenness E. Parker are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Bookout, Mr. Larkin, Ms.

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Think you know what consumers want? Think again.

Mckinsey and Company

Despite lingering concerns about inflation and the high cost of living, consumers across all ages and product categories still want to spend—thoughtfully.

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Spotlight on Chief Financial Officers

Harvard Corporate Governance

Posted by Kelly Malafis, Roman Beleuta, and Louisa Heywood, Compensation Advisory Partners, on Thursday, July 25, 2024 Editor's Note: Kelly Malafis is a Founding Partner, Roman Beleuta is a Principal, and Louisa Heywood is an Associate at Compensation Advisory Partners. This post is based on their CAP memorandum. CAP’s report examines compensation outcomes for Chief Financial Officers (CFOs) relative to Chief Executive Officers (CEOs).

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A retail dynasty chief, a pioneer in statins, and a renowned crossword editor

Mckinsey and Company

Our July obituaries also include a CEO and media mogul, an early transgender-rights activist, a Pritzker Prize–winning architect, and an astronaut whose work inspired the establishment of Earth Day.

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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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Conflicted Regulators

Harvard Corporate Governance

Posted by Matthew Kubic (University of Texas at Austin), Rui Silva (University of Texas at Austin), and Sara Toynbee (University of Texas at Austin), on Thursday, July 25, 2024 Editor's Note: Mathew Kubic and Sara Toynbee are Assistant Professors of Accounting and Rui Silva is a PhD student at the University of Texas, Austin. This post is based on their working paper.

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Global Economics Intelligence executive summary, June 2024

Mckinsey and Company

The ECB cuts rates by 25 basis points as other central banks hold; economic survey respondents remain cautious amid global uncertainty and expect more cuts; and the EU adds tariffs on China EVs.

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More Trending

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Generative AI in healthcare: Adoption trends and what’s next

Mckinsey and Company

Surveyed healthcare leaders say their organizations are eager to use generative AI to help enhance how healthcare stakeholders work and operate, but some are still adopting a wait-and-see approach.

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The Philippines: New Samurai Bond Issue’s Political Backdrop

Global Finance

The Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the two countries. The Department of Finance (DoF) says it is exploring issuing yen-denominated, or samurai bonds alongside or in place of conventional US-dollar bond issuance. Government debt has mushroomed in recent years, hitting 15.3 trillion pesos—around $264 billion in May—according to Bureau of the Treasury estimates.

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Paramount-Skydance Deal Is Redstone Windfall, Investor Says

Law 360 M&A

A shareholder of Paramount Global Class B common stock on Wednesday sued chairwoman Shari Redstone and several members of its board over the allegedly "unfair" merger with Skydance Media LLC, claiming the deal is being orchestrated to cash out Redstone's investments in Paramount at a substantial premium compared to other stockholders.

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China’s BYD Races Ahead With New Plants In Emerging Markets

Global Finance

BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the buccaneering firm has made major plant announcements in Thailand and Turkey as it doubles down on competing with its US and European Union rivals.

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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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Deals Rumor Mill: Wiz-Google, Daily Telegraph, Medline IPO

Law 360 M&A

Cybersecurity startup Wiz has rebuffed a buyout offer from Google, former British finance minister Nadhim Zahawi is preparing a $773 million bid for the Daily Telegraph, and medical supplies giant Medline is preparing an initial public offering for 2025. Here, Law360 breaks down these and other notable deal rumors from the past week.

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Comment on Accurate Appraisal Underreporting by PJTC

Appraisers Blog

I was not aware the sale price was the bench mark for value. Perhaps they are misspoken and meant to say a sales price difference in excess of $2,500 of the appraised value is not accurate? Think maybe?

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CFPB Can Act Against Lenders that Disparage Prospective Applicants

N Contracts

Sticks and stones can break bones, but words can violate the Equal Credit Opportunity Act (ECOA) when they discourage prospective applicants from applying for credit.

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Comment on Accurate Appraisal Underreporting by Baggins

Appraisers Blog

In reply to PJTC. What is the appraiser supposed to do? Get out a thesaurus and find alternative words for the already most basic simplified descriptions in the English language? I present to the word police; Their own guidance documents. [link] Control+F for the word search tool. Good; Appears 77 times. Fair; Appears 51 times. High; Appears 401 times.

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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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Helmerich & Payne Makes Big Bet on Middle East with ~$2B KCA Deutag Acquisition

Benzinga

Helmerich & Payne, Inc. (NYSE: HP ) shares are trading higher today. The company disclosed the acquisition of KCA Deutag for $1.9725 billion in cash. KCA Deutag is a drilling company with a land drilling presence in the Middle East. The acquisition grants Helmerich substantial entry into land operations in the region, where KCA Deutag earned about 70% of its 2023 Operating EBITDA.

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Comment on Accurate Appraisal Underreporting by Baggings

Appraisers Blog

In reply to Brian. Look at this nonsense. Alamodes new incorporated language filter. Go to tools, configure settings, forms, then scroll down to the ; allow eo checker to check for terms potentially… Uncheck that box. All the software will have this soon, if they don’t already. They could have like fixed something, or did nothing and allowed the product to be more affordable at a lower price.

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Apollo strikes ÂŁ2.7bn deal for UK parcel group Evri

Financial Times M&A

Logistics deal comes as UK parcel market faces shake-up from takeover of Royal Mail

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Comment on Accurate Appraisal Underreporting by Spencer Paul

Appraisers Blog

In reply to Spencer Paul. So far all he had so say is that this is not his normal beat and he wrote just to pay bills. So it doesn’t appear that he has a clue about what is really going on and was not really interested in doing the back work on any of it. Just needed to keep the lights on.

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Chancery Urged To Sanction Musk, X, Attys After Doc Delete

Law 360 M&A

The founder of a legal research site that makes government documents public has petitioned Delaware's Court of Chancery to sanction Elon Musk, his X entities and his counsel after a court clerk allegedly removed, at the request of attorneys for the billionaire, a document filed in Twitter Inc.'s battle over Musk's $44 billion takeover.

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Comment on Accurate Appraisal Underreporting by PJTC

Appraisers Blog

The HousingWire article highlighting that only 40% of homes sold include an “accurate” appraisal is misleading and dangerous.

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Vintage Wine Estates Can Tap Into $60.5M DIP Financing

Law 360 M&A

Bankrupt wine producer and processor Vintage Wine Estates received permission Thursday from a Delaware bankruptcy judge to begin borrowing under a $60.5 million debtor-in-possession financing package being provided by its prepetition lenders.

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Comment on Accurate Appraisal Underreporting by PJTC

Appraisers Blog

The HousingWire article highlighting that only 40% of homes sold include an “accurate” appraisal is misleading and dangerous.

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Hertz Tells Chancery Warrant Holders Are Misreading Contract

Law 360 M&A

A pair of investment funds that acquired 9 million warrants from Hertz after its bankruptcy and later sued the car rental company for breach of contract misinterpreted the warrant agreement, and their lawsuit should be dismissed, Hertz said in a response to the complaint brought before Delaware's Court of Chancery.

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Edwards Lifesciences Stock Tumbles, Highlights Slowdown In TAVR Business

Benzinga

Edwards Lifesciences Corp (NYSE: EW ) reported Wednesday second-quarter adjusted EPS of 70 cents, beating the consensus of 69 cents. The sales increased 7% (+8% on constant currency) to $1.632 billion, below the consensus of $1.653 billion. The company reported Transcatheter Aortic Valve Replacement (TAVR) sales of $1 billion, which grew 5%, or 6% on a constant currency basis.

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Mr. Cooper Picks Up Flagstar Resi Mortgage Unit For $1.4B

Law 360 M&A

Flagstar Bank NA announced Thursday that it has inked a $1.4 billion deal to sell its residential mortgage servicing business to nonbank mortgage originator Mr. Cooper, as Flagstar and parent New York Community Bancorp eye a turnaround.

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Putting Customers First

Global Finance

FAB managing directors Gautam Dutta, head of GTB Cash Management Product Innovation, and Tariq Hoodbhoy, head of Treasury Advisory Services, explain how technology helps create an exceptional user experience. Global Finance: How are you improving the user experience utilizing application programming interfaces [APIs] and microservices architecture?

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AIP Buys AGCO's Grain & Protein Biz In $700M Cash Deal

Law 360 M&A

Agricultural machinery company AGCO Corp., advised by Simpson Thacher & Bartlett LLP, on Thursday announced plans to sell the majority of its grain and protein business to industrial investor American Industrial Partners, led by Sidley Austin LLP, in an all-cash deal valued at $700 million.

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Can These 3 Instruments Control Stocks Beat Earnings Targets?

Benzinga

The Zacks Instruments – Control industry is likely to have benefited from the diligent focus on energy-efficient production processes and integrated software systems in the second quarter of 2024. Industry participants, including Transcat (NASDAQ: TRNS ), Sensata Technologies Holding (NYSE: ST ) and Woodward (NASDAQ: WWD ), have been benefiting from surging demand for state-of-the-art technology for replacing legacy industrial control systems with automated products.

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Simpson Thacher, Kirkland Lead KKR's $4.8B Instructure Buy

Law 360 M&A

Educational software company Instructure Holdings Inc., advised by Kirkland & Ellis LLP, on Thursday revealed that it has agreed to be bought by private equity giant KKR, led by Simpson Thacher & Bartlett LLP, in an all-cash take-private deal with an enterprise value of roughly $4.8 billion.

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Putting Customers First

Global Finance

FAB managing directors Gautam Dutta, head of GTB Cash Management Product Innovation, and Tariq Hoodbhoy, head of Treasury Advisory Services, explain how technology helps create an exceptional user experience. Global Finance: How are you improving the user experience utilizing application programming interfaces [APIs] and microservices architecture?

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8 Firms Guide Pair Of IPOs For Health Provider, Airline Giant

Law 360 M&A

Occupational health services provider Concentra Group Holdings Parent Inc. and South American air travel giant Latam Airlines Group SA debuted in trading Thursday after pricing listings that nearly raised $1 billion combined, guided by eight law firms total.

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A View from the Trenches: Embrace Opportunity

M&A Leadership Council

"Be Mad at Who Sold You, Not at Who Bought You!" By Jack Prouty, Past President, M&A Leadership Council When I was working on M&A consulting projects for clients, I frequently spent an inordinate amount of time working with the executives and key managers on the target side. Too often, management on the acquiring side either doesn’t have enough time to do this, or they don’t value the effort.

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Via Renewables Investor Sues In Chancery Over Buyout Deal

Law 360 M&A

A former common stockholder of Via Renewables Inc. has sued the Houston energy company's board members and controlling stockholders in Delaware's Court of Chancery, alleging they breached their fiduciary duties in connection with a June 13 buyout that took the company private.

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Business Valuation for Buying a Brewery

Peak Business Valuation

If you have a passion for craft beer or mixology, running a brewery could be a perfect business venture for you! As consumers seek more unique and flavorful beers, the demand for quality breweries increases. You can take advantage of these trends by purchasing a brewery. However, it is important to obtain a business valuation for buying a brewery as you prepare for the acquisition.