Wed.Mar 20, 2024

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ESG Regulation and Financial Reporting Quality: Friends or Foes?

Harvard Corporate Governance

Posted by Dov Solomon, College of Law and Business, on Wednesday, March 20, 2024 Editor's Note: Dov Solomon is an Associate Professor of Law at the College of Law and Business. This post is based on an article forthcoming in Finance Research Letters by Dalit Gafni , Rimona Palas , Ido Baum , and Professor Solomon. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Boards of directors: The final cybersecurity defense for industrials

Mckinsey and Company

With digitization, computing, and advanced technologies, the “attack surface” is now the sum of systems and capabilities that can be exploited by cyberattackers.

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Director Commitments Policies, Overboarding, and Board Refreshment

Harvard Corporate Governance

Posted by Samuel Nolledo and Aaron Wendt, Glass, Lewis & Co, on Wednesday, March 20, 2024 Editor's Note: Samuel Nolledo is a Research Analyst, and Aaron Wendt is Director of U.S. Governance Policy at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. The increasing strain on directors’ time is a growing concern among institutional investors and shareholder advocates.

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Global Economics Intelligence executive summary, February 2024

Mckinsey and Company

Global economic uncertainty elevated but consumers upbeat; China faces deflation, real estate problems, and FDI decline; EU growth stagnant; high US interest rates affecting households and companies.

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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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Delaware Chancery’s Moelis II Decision Provides Cautionary Tale for Boards and Activists

Harvard Corporate Governance

Posted by Douglas Rappaport, Jason Koenig, and Jacqueline Yecies, Akin Gump Strauss Hauer & Feld LLP, on Wednesday, March 20, 2024 Editor's Note: Douglas Rappaport , Jason Koenig , and Jacqueline Yecies are Partners at Akin Gump Strauss Hauer & Feld LLP. This post is based on an Akin Gump memorandum by Mr. Rappaport, Mr. Koenig, Ms. Yecies, Stephanie Lindemuth , Kaitlin Shapiro , and Richard D’Amato and is part of the Delaware law series ; links to other posts in the series are availabl

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Modernizing the biopharma commercial model to maximize patient value

Mckinsey and Company

Biopharma leaders are adjusting their commercial focus and transforming their enabling capabilities and operating models to benefit their patients, companies, and the healthcare ecosystem.

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Broadcom's VMware Overhaul Sparks Regulatory Scrutiny - What's Going On?

Benzinga

Broadcom Inc’s (NASDAQ: AVGO ) acquisition of VMware , a leading cloud-computing and virtualization firm, has sparked concern among Europe-based Cloud Infrastructure Service Providers of Europe (CISPE). Following the acquisition, CISPE urges regulators to address the pricing and business model adjustments Broadcom has implemented within VMware’s partnership program.

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Hiring Suleyman Extends Microsoft’s AI Lead

NYT M&A

Hiring Mustafa Suleyman, the DeepMind co-founder, is a coup for the tech giant’s ambitions. But regulators may be skeptical.

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Does Your Business Have Employees Who Get Tips? You May Qualify for a Tax Credit

Machen McChesney

If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income.

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Why Microsoft Fabric is the data foundation for your AI ambitions

Avanade

Our new guide to the data platform for the AI era, Microsoft Fabric, explores features, real-world use cases and how to get started.

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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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Beyond the Hype: Credible Valuation for AI Startups

Equidam

Against the backdrop of a frosty market for startup fundraising, AI companies are raising large rounds on fairly relaxed terms. Driven by an unprecedented hype surrounding AI technologies, these companies are commanding valuations that are reminiscent of the highs of 2021. While the excitement is understandable, both founders and investors must navigate this terrain with a clear understanding that, at its core, a company’s valuation is fundamentally anchored in its future cash-generating p

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Tax Implications of Stock Options In Divorce

Gross Mendelsohn

More and more, divorce attorneys are finding that stock options are becoming increasingly popular forms of equity incentive compensation. And when considering stock options in family law litigation, the main concern is typically the distribution of cash proceeds.

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Redstone prefers rival deal to Apollo’s $11bn Paramount studio bid

Financial Times M&A

David Ellison’s Skydance is negotiating for a stake in holding company National Amusements

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Law360 Announces The Members Of Its 2024 Editorial Boards

Law 360 M&A

Law360 is pleased to announce the formation of its 2024 Editorial Advisory Boards.

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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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Affordability, reliability, and industrial competitiveness will make or break the net-zero transition. Here’s how

Mckinsey and Company

World leaders are confronting the challenge of turning ambitious climate commitments into action. They are naturally focused on the essential objective of reducing global emissions quickly. However, the vital work of ensuring a successful net-zero transition will require us to take into account three additional objectives: affordability, reliability, and industrial competitiveness, write Mekala Krishnan Daniel Pacthod, and Sven Smit in Fortune.

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Benchmark International Has Successfully Facilitated The Transaction Between ProStar Adjusting, LlC And Team One Insurance Services

Benchmark Report

Benchmark International is pleased to announce the transaction between ProStar Adjusting, LLC, and Team One Insurance Services, a portfolio company of Longshore Capital Partners. The transaction creates a strategic expansion for ProStar Adjusting's existing claims-adjusting services and offers a deeper geographic reach.

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How Technology is Changing the Landscape of Mergers and Acquisitions

Sun Acquisitions

Mergers and acquisitions (M&A) have long been a fundamental strategy for businesses looking to expand, diversify, or gain a competitive edge. Technology has played a transformative role in reshaping the M&A landscape in recent years. From due diligence to post-merger integration , technology has streamlined processes, improved decision-making, and enhanced the overall efficiency and success of M&A transactions.

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Why TopGolf Callaway Brands Stock Is Rising Wednesday

Benzinga

Topgolf Callaway Brands Corp (NYSE: MODG ) shares are trading higher Wednesday following a report suggesting the company is up for sale. What Happened: According to a Chosun Daily report , TopGolf Callaway is exploring a sale, and a South Korean strategic investor is in the running to acquire the company for approximately $2.98 billion. TopGolf Callway had a market cap of approximately $2.64 billion as of Tuesday’s close, per Benzinga Pro.

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Has Microsoft found an antitrust cheat code?

Financial Times M&A

Plus, the Australian real estate tycoon behind ‘one of the largest corporate raids’ in asset management history

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Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

Benzinga

TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. ("PUR" or "Premier American Uranium") (TSXV: PUR ) and American Future Fuel Corporation (" AMPS " or " American Future Fuel ") (CSE: AMPS , OTCQB: AFFCF , FWB: K14, WKN: A3DQFB)) are pleased to announce that they have entered into an arm's length definitive agreement (the " Arrangement Agreement ") on March 19, 2024, pursuant to which Premier American Uranium will acquire all of the issued and outstanding common share

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Slaughter And May Cuts Partner Promotions By Half In 2024

Law 360 M&A

Slaughter and May said on Wednesday that it is adding to its bench of up-and-coming leaders by promoting five lawyers to its partnership — only half the number it elevated in 2023.

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Critical Errors to Avoid in Property Valuation

RNC

Whether you’re buying, selling, or investing, accurately assessing the value of a property is paramount. Property valuation is the process of determining the monetary value of a real estate asset. It involves evaluating various factors such as location, condition, market trends, and comparable sales to estimate the property’s worth accurately.

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RedBird Sues Brookfield For $150M From Compass Deal

Law 360 M&A

The private investment firm that sold Compass Datacenters to Brookfield Infrastructure Partners for $5.7 billion last year sued the infrastructure asset manager in Delaware's Court of Chancery on Tuesday, alleging that Brookfield had breached their agreement by refusing to release $150 million out of escrow.

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Audit automation: Exploring the benefits of Checkpoint Engage Single Audit

ThomsonReuters

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. In addition, trying to identify which federal awards need auditing and sifting through extensive federal guidance to locate, compile, and execute the necessary audit procedures, can be significantly time-consuming.

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Bank of Cyprus Eyes €137M Investor Return After ECB Nod

Law 360 M&A

The Bank of Cyprus Group said Wednesday it intends to boost shareholder returns to €137 million ($149 million) by launching a share buyback and ramping up dividends, after receiving the green light for both payouts from the regional banking watchdog.

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Don’t Miss Out! Own a Well-Established Auto Tire Shop

Hallmark Brokers

They say tires make the world go round, but let’s be honest, they keep our cars on the road! Here at Hallmark Business Brokers, we’re thrilled to offer a fantastic opportunity for the mechanically inclined entrepreneur: the chance to own a thriving auto tire shop in Sarasota County. This established business boasts a loyal customer. Read more The post Don’t Miss Out!

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French Lab Testing Biz Announces €200M Share Buyback

Law 360 M&A

EDITING -- Bureau Veritas SA said on Wednesday it will launch a share repurchase program worth up to €200 million ($217 million) this year, as it detailed plans for growing its business and bolstering shareholder returns.

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Frew to Present at the Charitable Gift Planners of Houston’s Annual Conference

Auto Dealer Valuation Insights

Andy Frew, ASA, ABV will be speaking at the Charitable Gift Planners of Houston’s Annual Conference on Thursday, April 4, 2024, in Houston, Texas. He will be presenting a session on “Considerations in Charitable Giving.” Andy has over 20 years of business valuation experience. He has been involved with hundreds of valuation and related engagements in numerous industries.

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Investor Seeks To Toss €10M Case Over Share Deal Row

Law 360 M&A

An investment company urged a London court on Wednesday to throw out a €10.2 million ($11 million) claim by an asset management firm, arguing that it had not consented to the terms of the sale of shares in a luxury Greek resort.

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Swiss Healthcare Manufacturing Firm Lonza Bolsters Biologics Manufacturing Capacity With Roche's US Facility Acquisition For $1.2B

Benzinga

Wednesday, Roche Holding AG (OTC: RHHBY ) entered into a definitive agreement with Lonza Group Ltd (OTC: LZAGF ) (OTC: LZAGY ). Under the agreement, Lonza will acquire the Genentech manufacturing facility in Vacaville, California, for $1.2 billion in conjunction with a manufacturing agreement and related quality services and warehousing. Under the terms of the agreement, Lonza will offer approximately 750 Genentech employees at the Vacaville facility employment, and the products currently produc

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Jenner & Block-Led Lonza To Buy Roche's $1.2B US Facility

Law 360 M&A

Swiss healthcare company Lonza said on Wednesday that it has agreed to acquire one of the largest medicine manufacturing facilities in the world from biotech giant Roche for $1.2 billion to increase its manufacturing capacity.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Join us for ASA’s Fair Value Conference , offering both in-person and virtual attendance options, taking place on April 25th, 2024 at 9:00 AM ET. Dive into the latest developments and trends in fair value alongside industry leaders. Explore our comprehensive Conference Agenda to see sessions covering risk measurement, ESG’s impact on valuations, and more.

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Kirkland-Led PE Firm To Buy $700M Medical Component Biz

Law 360 M&A

Chemicals and technology company Johnson Matthey said Wednesday that it has agreed to sell all of its medical device components business to Montagu Private Equity for $700 million, ending its sale of "value businesses," in a deal guided by Kirkland & Ellis LLP.

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Modernizing tax management in an omnichannel retail landscape

ThomsonReuters

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets. These issues and more were discussed by tax and trade experts in a recent webinar hosted by Thomson Reuters “ Empowering retailers to thrive and modernize tax management in