Mon.Jul 29, 2024

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Negative Trading in Congress

Harvard Corporate Governance

Posted by Peter Molk (University of Florida), and Frank Partnoy (UC Berkeley School of Law), on Monday, July 29, 2024 Editor's Note: Peter Molk is a Professor of Law at the University of Florida Levin College of Law and Frank Partnoy is the Adrian A. Kragen Professor of Law at the University of California Berkeley School of Law. This post is based on their recent article forthcoming in the Indiana Law Journal.

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Nordic Finance: M&A And Partnerships Fuel Bank Growth

Global Finance

The Nordic financial sector is witnessing unprecedented bank-sector consolidation and fintech partnership-building activity. The surge in collaborative deals between traditional banks and fintech disrupters is helping finance houses develop deeper competence in next-generation digital and artificial intelligence offerings across core areas such as risk management, data analytics, robo-advisors, portfolio management, and fraud detection and prevention.

Finance 105
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Not Even a Raging Bull Market Can Rescue SPACs

Harvard Corporate Governance

Posted by Michael Eisenband, FTI Consulting, on Monday, July 29, 2024 Editor's Note: Michael Eisenband is Global Co-Leader of Corporate Finance & Restructuring at FTI Consulting. This post is based on his FTI Consulting memorandum. Special-purpose acquisition companies, better known as SPACs (also referred to as “blank check companies”), which have continued to unravel practically en masse while carving out their place in the lore of investing manias.

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The Talent Tussle: Labor Shortage Hits CPAs and CFOs Alike

Global Finance

CFOs are struggling to hire people with the right balance of quantitative and strategic skills in today’s increasingly tech-centric corporate environment. Adnan Bokhari knows how to balance a ledger. He’s a practicing CPA who was named CFO of JA Worldwide, a global nonprofit youth organization, about a year ago. His wife is also a CFO and a CPA. But their three kids?

Start-ups 105
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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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Liquid biopsy: Charting innovation in early cancer screening

Mckinsey and Company

What can diagnostics players do to foster widespread adoption of liquid biopsy for early cancer screening?

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Legal Tech Biz Litera Acquires Data Management Co. FileTrail

Law 360 M&A

Legal technology giant Litera announced on Monday the acquisition of FileTrail, which offers information governance and records management services to law firms and companies.

More Trending

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Think Like A Lawyer: Dance The Legal Standard Two-Step

Law 360 M&A

From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke Andrews at Poole Huffman.

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Don’t Expect Appraisal Experts to Be Industry Experts

BV Specialists

When potential new clients inquire about our valuation services, we are often asked how much experience we have in a particular industry. The fact is that an appraisal expert cannot focus a significant amount of time on any one industry if they want to maintain steady revenue and grow their business. There are nearly 100 major industries in which companies operate, and appraisers need to apply their skills to any or all of them to create a diverse valuation practice effectively.

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'Grave' NatSec Concerns Justify TikTok Ban, DC Circ. Told

Law 360 M&A

The U.S. government told the D.C. Circuit that TikTok's data collection practices and content recommendation algorithm threaten national security, in defending a federal law banning the social media platform from the United States unless it cuts ties with its Chinese parent company ByteDance.

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GCC Banking’s New Techno-Frontier

Global Finance

Generative AI could help the Gulf’s traditional banks wrest the competitive advantage back from challenger and neobanks. While artificial intelligence was already promising profound changes in the traditional banking business model, the latest innovation in the technology—generative AI—portends a multisensory revolution in banking services. Indeed, GenAI, with its ability to collect and interpret financial data on a vast scale, could force some of the Arabian Gulf region’s biggest banks to rethi

Banking 78
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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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How efficient growth can fuel enduring value creation in software

Mckinsey and Company

A renewed emphasis on efficient growth could allow software companies to unleash $500 billion in incremental shareholder value.

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Comment on Accurate Appraisal Underreporting by JohnnyQ

Appraisers Blog

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

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Author Talks: Supersize your decisions

Mckinsey and Company

Why is decision making so complex and time-consuming? A new framework could help you make better decisions faster and more efficiently.

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$105M Deal: Verano To Acquire Cannabist Co.'s Operations In Virginia And Arizona

Benzinga

Verano Holdings Corp. (OTCQX: VRNOF ) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC: CBSTF ) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist’s Virginia licenses, along with associated operations including all of Arizona operations.

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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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Challenging The Banks

Global Finance

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault. Longer-term savings have migrated to wealth managers who promise much better returns over time.

Banking 59
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Elliott brews up trouble at Starbucks 

Financial Times M&A

Plus, Carlyle sticks with its oil and gas investments, and BlackRock’s Larry Fink takes his time finding a successor

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Understanding S-Corps, C-Corps, and LLCs: Navigating the Alphabet Soup of Tax Strategies

IT Valuations

Welcome to our exploration of the complex world of business entity structures. If you recently attended our webinar titled “S-Corps, C-Corps, & LLCs: The Alphabet Soup of Tax Strategies,” you’re already familiar with some of the intricacies involved. For those who missed it, this blog will summarize key points and provide valuable insights into choosing the right entity type for your business.

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Premium beauty is heading for a rough patch

Financial Times M&A

Recent evidence suggests that even consumers with high disposable incomes are starting to feel the pinch

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African Energy Bank’s Launch Hampered By Funding Problems

Global Finance

Oil-producing African countries, operating under the aegis of the African Petroleum Producers Organization (APPO), have set up an African Energy Bank (AEB) with an initial capitalization of $5 billion to help fund African energy projects that face declining investments. However, the new institution faces a tough challenge as it adjusts to the changing global oil and gas market.

Banking 52
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CIM Group Funds $2.1B Real Estate Investment Platform

Law 360 M&A

Real estate and infrastructure owner CIM Group on Monday announced that it has provided financing for the formation of a $2.1 billion investment platform called Round Hill Capital Ventures, which has acquired contracts for the assets previously managed by Round Hill Capital.

Finance 52
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Understanding S-Corps, C-Corps, and LLCs: Navigating the Alphabet Soup of Tax Strategies

IT Valuations

Authored by Greg Northrop, Director of Tax and Finance at ITValuations Welcome to our exploration of the complex world of business entity structures. If you recently attended our webinar titled “S-Corps, C-Corps, & LLCs: The Alphabet Soup of Tax Strategies,” you’re already familiar with some of the intricacies involved. For those who missed it, this blog will summarize key points and provide valuable insights into choosing the right entity type for your business.

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Aerospace Co. Says Buyer Reneged On Acquisition Promises

Law 360 M&A

Colorado-based Cablenet Wiring Products Inc., which manufactures parts for aerospace companies, has filed suit against the entity that acquired it for $15 million, claiming the buyer violated the purchase agreement by firing Cablenet's CEO without cause, despite agreeing to retain the officer for at least a year after the acquisition.

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Hewlett Packard Enterprise's $14B Juniper Networks Acquisition Set For EU Approval: Report

Benzinga

Hewlett Packard Enterprise Co (NYSE: HPE ) is reportedly poised to receive unconditional EU antitrust approval for its $14 billion acquisition of networking gear manufacturer Juniper Networks Inc (NYSE: JNPR ). The deal, announced in January , reflects the accelerating trend among companies to enhance and innovate their products amidst the surge in AI-driven services.

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10th Circ. Won't Undo $6.4M Award In Cannabis Biz Fight

Law 360 M&A

A Tenth Circuit panel has rejected a cannabis entrepreneur's attempt to undo a $6.4 million judgment in a dispute with an ex-business partner, but it ordered a district court to revisit an enforcement order that could require the entrepreneur to violate federal drug law to pay the damages.

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GCC: A Magnet For Global Capital

Global Finance

The region’s transformation has turned the six GCC states into attractive destinations for international financial institutions and FDI. Amid a global landscape characterized by sluggish growth, soaring interest rates, and inflationary pressures, the six Gulf Cooperation Council states stand out for their resilience. Growth across Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain is expected to reach 3.7% this year, soundly outpacing the 2.9% global average, according to c

Banking 52
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Catching Up With Delaware's Chancery Court

Law 360 M&A

Litigation linked to billionaire Elon Musk sparked several filings in Delaware's Court of Chancery last week, including a call for sanctions and hand-wringing about a proposed multibillion-dollar attorney fee. Other court activity centered on Paramount's proposed $4.5 billion stock-and-cash merger with Skydance Media, a couple of deals with Silver Lake Capital, and new cases involving digital publisher The Arena Group, airplane manufacturer Boeing Co., and 3D-imaging and digitization venture Mat

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Wealth Management Opportunities In The GCC Surge

Global Finance

Financial growth, a coming generational wealth transfer, and an influx of high-net-worth individuals is solidifying the region’s appeal as a fortune hub. Already one of the wealthiest regions in the world, the Gulf Cooperation Council states are solidifying their status as a hub for global fortunes. According to Boston Consulting Group, the region’s financial wealth is expected to grow by 4.7% annually by 2027, reaching $3.5 trillion, up from $2.8 trillion in 2022.

Banking 52
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5 Firms Build Sixth Street's $5.1B Buy Of Enstar

Law 360 M&A

Insurance group Enstar on Monday announced it had agreed to be bought by private equity shop Sixth Street in a $5.1 billion take-private deal crafted by Paul Weiss, Hogan Lovells, Simpson Thacher, Debevoise & Plimpton and Cleary Gottlieb.

Equity 52
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Embracing the future with Cloud Audit Suite methodology

ThomsonReuters

Today’s audit professionals face a variety of headwinds. Rapid regulatory change and tight competition for talent is demanding more and more accounting and audit firms adopt advanced technology to gain a competitive edge. From a workflow perspective, many auditors feel as though they are over- or under-auditing. And without the ability to roll data forward or efficiently build an audit program and tailor checklists, many firms are missing out on valuable time savings.

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Business Valuation for Buying an Apparel Manufacturing Business

Peak Business Valuation

Are you looking for a lucrative business opportunity? Buying an apparel manufacturing business may be the best fit for you! Clothing is a basic necessity. As such, there will always be a healthy demand for apparel manufacturing businesses. But before you buy an apparel manufacturing business , it is important to understand its financial standing. Obtaining a business valuation for buying an apparel manufacturing business can provide you with all the information you need to succeed in this compet

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BMS To Acquire Rival UK Insurance Broker From PE Biz

Law 360 M&A

Independent insurance and reinsurance broker BMS Group said Monday that it is set to purchase David Roberts & Partners Insurance Brokers Ltd., from Inflexion Private Equity Partners LLP.

Equity 52
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The investor's guide to claiming EIS and SEIS tax relief

Vested

Are you an investor looking to support early-stage companies but the risk is weighing on your mind? The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are your ticket, offering generous tax reliefs to reduce the risk of getting involved.

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BHP revives copper ambitions with $3bn Filo deal

Financial Times M&A

Joint takeover of Argentine assets with Canada’s Lundin is latest sign of consolidation in mining sector

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Paul Weiss Discusses Delaware Supreme Court Clarification of Tests for Advance Notice Bylaw Challenges

Reynolds Holding

Recently in Kellner v. AIM ImmunoTech, Inc. , the Delaware Supreme Court clarified the legal tests applicable when stockholders challenge advance notice bylaws. A key aspect of the Supreme Court’s ruling is the importance of distinguishing between a facial and an as-applied challenge to a bylaw. The court held that advance notice bylaws, like all corporate bylaws, are presumptively valid under Delaware law and will survive a facial challenge if they (1) are consistent with the company’s charter,

Equity 49