Harvard Corporate Governance

JUNE 6, 2024

Posted by David F. Larcker and Brian Tayan (Stanford University), on Thursday, June 6, 2024 Editor's Note: David F. Larcker is the James Irvin Miller Professor of Accounting and Brian Tayan is a Researcher at the Stanford Graduate School of Business. This post is based on their recent working paper. We recently published a paper on SSRN (“Boeing 737 MAX”) that examines the organizational, leadership, and cultural breakdowns that contributed to the failure of the Boeing 737 MAX aircraft.

184

184

IVSC

JUNE 6, 2024

IVSC has issued a new Perspectives Paper focusing on the inspection of tangible assets in the valuation process. This paper, authored by the IVSC Tangible Assets Board, explores the topic of valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments.

Technology 130

Technology Intangible Assets Business Valuation 130

Harvard Corporate Governance

JUNE 6, 2024

Posted by Ele Klein and Sean Brownridge, Schulte Roth & Zabel LLP, on Thursday, June 6, 2024 Editor's Note: Ele Klein and Sean Brownridge are Partners at Schulte Roth & Zabel LLP. This post is part of the Delaware law series ; links to other posts in the series are available here. In our previous article, (Much Too Early) Observations on the Universal Proxy Card , we reviewed what had occurred in the months immediately following the efficacy of the universal proxy rules, including by p

129

129

Global Finance

JUNE 6, 2024

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

Finance 124

Finance Banking Equity Technology 124

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

JUNE 6, 2024

Posted by Ariel Deckelbaum, Paul Van Houten, and Sarah Davis, Ropes & Gray LLP, on Thursday, June 6, 2024 Editor's Note: Ariel Deckelbaum and Paul Van Houten are Partners and Sarah Davis is a Counsel at Ropes & Gray LLP. This post is based on a Ropes & Gray memorandum by Mr. Deckelbaum, Mr. Houten, Ms. Davis, Scott Abramowitz , Greg Davis , and Deb Lussier.

Equity 120

Equity 120

Benchmark Report

JUNE 6, 2024

Synergies are achieved by combining two companies to improve overall performance, create scale, lower costs, and eliminate redundancies. We recently shared an article covering the many possible cost synergy benefits of mergers and acquisitions, but it’s important to remember that cost synergies differ from revenue and financial synergies. Let’s delve into the differences between the latter two.

Mergers & Acquisitions 110

Mergers & Acquisitions Marketability 110

NYT M&A

JUNE 6, 2024

Humane’s Ai Pin was supposed to free people from smartphones, but sales have been slow. Now Humane is talking to HP and others about a potential sale.

Start-ups 116

Start-ups Mergers & Acquisitions 116

Global Finance

JUNE 6, 2024

Ghana reached a $3 billion loan agreement with the International Monetary Fund (IMF) last year. Now, it will become the first African country to reduce public corruption via adopting blockchain technology for all government procedures. “We are going to adopt blockchain technology to ensure that all data and transactions in the government space are transparent and tamper-proof,” said Vice President Mahamudu Bawumia at the May 14th Commonwealth Regional Conference and Annual General Meeting of Hea

Compliance 105

Compliance Technology Finance 105

Mckinsey and Company

JUNE 6, 2024

As artists arrange objects on a canvas, they do four things deliberately that other people don’t. Elspeth Kirkman says doing those four things—and tackling our biases along the way—can lead to better choices.

94

94

Global Finance

JUNE 6, 2024

Singapore is the biggest beneficiary of the post-pandemic trend of US employees abandoning in-office work. Will the shift to Southeast Asia continue? General Electric announced in April that it was selling, the New York property where Jack Welch once held forth to his acolytes at the company’s fabled management academy, for $22 million. The same month, Apple went public with plans for a $250 million expansion of its Singapore regional hub, adding that it was considering increasing its manufactur

Start-ups 105

Start-ups Finance Marketability Banking 105

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

Appraisers Blog

JUNE 6, 2024

I’ve been appraising for 40 years. I’ve noticed that every time “things are going to get better”, they don’t. We get paid less for more work and more grief. I mean, you made $50 more than usual on this appraisal, so please do $1,000 more work for us! The AMC’s are rich and make political donations. We don’t have a chance against that unless we can come up with $billions to donate to politicians.

Comps 91

Comps Appraisal 91

Redpath

JUNE 6, 2024

Every M&A transaction is different, but all are complicated. Ultimately, you want to ensure the transaction you are hoping to conclude makes sound financial sense. A Quality of Earnings (QoE) is one way to gain additional comfort over a company's financial statements.

89

89

Appraisers Blog

JUNE 6, 2024

In reply to Todd Redington. One of the appraisal distribution platforms changed my email to an unmonitored internal email of their own without telling me, nullifying any new random invite requests and solicitation efforts for new clients, because I complained about too many amc bid request emails. I’m probably not the only appraiser this has happened to.

Appraisal 90

Appraisal 90

Financial Times M&A

JUNE 6, 2024

Owner Farhad Moshiri is entertaining offers from rival creditors after sale to 777 Partners collapsed

109

109

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

N Contracts

JUNE 6, 2024

Another month, another influx of regulatory compliance news and updates. Once again, the CFPB dominates the news cycle – though other agencies offered up new rules and enforcement actions too.

Compliance 74

Compliance 74

Mckinsey and Company

JUNE 6, 2024

When technologies reach a certain level of maturity, the next challenge is speed and scale. Factories and entire supply networks—not use cases—become the pilots.

Technology 82

Technology 82

Law 360 M&A

JUNE 6, 2024

The Federal Trade Commission urged an administrative law judge on Tuesday to require Kroger to fork over documents related to negotiations for its divestiture plan amid the commission's in-house challenge to the grocer's merger with Albertsons, saying Kroger's prior representations that it would produce the materials "have proven false.

75

75

Appraisers Blog

JUNE 6, 2024

In reply to Baggins. Data reporting correction. Sorry, my numbers have been incorrect regarding total licensees count. I remember reading appraisal specific articles about how many jobs have been reduced in this industry. Perhaps that was license relinquishment and ancillary help, must have been. Total appraiser head count figures for many years back.

Appraisal 68

Appraisal 68

Benzinga

JUNE 6, 2024

Green Thumb Industries (OTC: GTBIF ), a prominent U.S. cannabis multi-state operator (MSO), is reportedly seeking a merger with Boston Beer Company. This move could allow GTI to list on a major exchange, leveraging Boston Beer's legal status. Additionally, it could facilitate GTI's entry into the growing market for Hemp THC beverages, which are eroding alcohol sales.

Marketability 65

Marketability 65

Global Finance

JUNE 6, 2024

Bahadir Yilmaz, ING’s chief analytics officer, explains how the Dutch bank is harnessing AI’s power and what this means for ING and its customers. Global Finance: How will artificial intelligence (AI) influence banking of the future? Bahadir Yilmaz: AI enables faster and smarter decision-making in a personalized fashion, using much bigger datasets than ever before.

Banking 64

Banking Technology Finance Marketability 64

Benzinga

JUNE 6, 2024

Dolby Laboratories, Inc. (NYSE: DLB ), known for its entertainment services, announced a definitive agreement to acquire GE Aerospace’s (NYSE: GE ) GE Licensing , which specializes in intellectual property licensing in the consumer digital media and electronics sectors. Dolby Laboratories will acquire GE Licensing in a $429 million all-cash transaction, expected to close by the end of fiscal year 2024.

Technology 65

Technology Equity 65

Financial Times M&A

JUNE 6, 2024

Investment firm MNC is seeking to disrupt an agreed $2bn acquisition by Czech CSG by raising its offer for Vista Outdoor

85

85

Benzinga

JUNE 6, 2024

Source: Streetwise Reports 06/03/2024 Blackwolf Copper & Gold Ltd. (OTC:BWCGF) announced it has closed on the purchase of camp assets at the company's Niblack project in southeastern Alaska from Matrix Camps and Logistics Inc. Under the agreement, dated April 30, the parties released each from prior claims under a camp support and rental agreement between them in 2021.

Treasury 59

Treasury Finance Marketability 59

Financial Times M&A

JUNE 6, 2024

Former New York mayor throws financial heft behind attempt to wrest control of US basketball team

91

91

Benzinga

JUNE 6, 2024

Vista Outdoor Inc. (NYSE: VSTO ) shares are trading higher after MNC Capital increased its offer to acquire the company for over $3.0 billion. The revised proposal of $39.50 represents a 46% premium to the VWAP from the announcement of Vista’s transaction with the Czechoslovak Group a.s. on October 16, 2023, up to the last closing price before MNC’s initial offer on February 19, 2024.

Equity 59

Equity 59

Global Finance

JUNE 6, 2024

Citibanamex In 2023, Citibanamex released several outstanding consumer banking innovations to improve user experience (UX). These include micro animations, messages, and its new user login splash page on its financial app. “Our innovative mobile dashboard leverages cutting-edge UX techniques, including animated cards that dynamically display crucial information such as account balances, investment fund earnings through animated charts, and personalized offers enhanced with custom animations,” sa

Banking 59

Banking Finance Treasury Technology 59

NYT M&A

JUNE 6, 2024

Mr. Lynch, who was accused of defrauding Hewlett-Packard after it paid $11 billion for his software company, spent a decade working to clear his name.

Mergers & Acquisitions 61

Mergers & Acquisitions 61

Global Finance

JUNE 6, 2024

Africa And Middle East MNT-Halan MNT-Halan developed innovative technology that provides a digital solution for unbanked populations. The resulting products have driven digital engagement, customer retention and market share. The company’s Halan superapp offers remote access to consumers for the entire Halan product and service ecosystem, including small- and micro-business lending, payments, investment products, e-commerce, and consumer finance solutions like savings and buy-now-pay-later produ

Technology 59

Technology Finance Banking Compliance 59

Sun M&A

JUNE 6, 2024

When you decide to exit, your time and effort in building your business should be well rewarded. As you prepare to sell your business , it is an optimal move to work with a business broker. Choosing Hasbrouck Heights, NJ, based business broker, Sun Mergers & Acquisitions, is the most decisive way to maximize your return, potentially leading to a more lucrative sale than if you were to navigate the process alone.

Marketability 52

Marketability Finance Equity 52

Auto Dealer Valuation Insights

JUNE 6, 2024

Mercer Capital has its finger on the pulse of the minerals market. An important trend has been the rise of mineral aggregators, which have largely supplanted trusts as the primary method of publicly traded minerals ownership.

Capital Structure 52

Capital Structure Equity Marketability 52

Law 360 M&A

JUNE 6, 2024

A California federal jury on Thursday acquitted former Autonomy CEO Michael Lynch and former finance vice president Stephen Chamberlain of criminal fraud and conspiracy charges following an 11-week trial over allegations that the two conned HP into overpaying billions for the British tech company.

Finance 52

Finance 52

Benzinga

JUNE 6, 2024

Vanda Pharmaceuticals Inc. (NASDAQ: VNDA ) received an acquisition offer from Cycle Pharmaceuticals Ltd worth $8 per share, representing a total cash consideration of $466 million. Cycle Pharmaceuticals, founded in 2012, focuses on rare metabolic, immunological, and neurological genetic conditions. Within neurological conditions, Cycle focuses on multiple sclerosis.

52

52

Law 360 M&A

JUNE 6, 2024

Carl Icahn invests in Caesars, Bill Ackman plans Pershing's public offering, and private equity firm Clearlake wants $3 billion for Confluence. Here, Law360 breaks down the notable deal rumors from the past week.

Private Equity Firm 52

Private Equity Firm Equity 52

Global Finance

JUNE 6, 2024

Global Finance spoke with André Portilho, head of digital assets at BTG Pactual, and Rafaella Dortas, executive director and head of BTG Pactual’s ESG team, about how the bank incorporates technology into its strategies. Global Finance: What drives the innovation that you’re building into your business? André Portilho: Innovation is essential tool for the continual evolution of products, processes and services to meet current and future market demands.

Banking 52

Banking Technology Finance Marketability 52