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

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 127

Start-ups Mergers & Acquisitions 127

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

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.

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126

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

Financial Times M&A

JUNE 6, 2024

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

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110

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 109

Finance Banking Equity Technology 109

Benzinga

JUNE 6, 2024

Green Thumb Industries (OTC: GTBIF ) has expressed interest in merging with Boston Beer (NYSE: SAM ), according to a recent report by Pablo Zuani c of Zuanic & Associates. What strategic advantages does this merger offer? How will this impact the profitability of both companies? Could this merger set a precedent for future deals in the cannabis and beverage industries?

Marketability 106

Marketability 106

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.

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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

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 102

Compliance Technology Finance 102

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 99

Compliance 99

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 99

Technology 99

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 98

Start-ups Finance Marketability Banking 98

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

Financial Times M&A

JUNE 6, 2024

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

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94

Global Finance

JUNE 6, 2024

Technology advances bring the high-touch experience to more clients, large and small. While geopolitical tensions, rising oil prices and financial stress are being felt globally, financial institutions understand that innovation during tough times isn’t just about survival but about positioning for future success. Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies.

Banking 89

Banking Treasury Technology Compliance 89

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

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89

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.

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75

Appraisers Blog

JUNE 6, 2024

In reply to Pray Hard. My appraiser friend told me a prominent legal client dropped him because he asked for a higher fee to be an expert witness on a value dispute regarding several million dollar homes. Lawyer told him it’s just a few hours on a zoom call, and limited the fee to less than a hundred dollars, after they talked him into doing multiple appraisals on those same homes for less than a mortgage lender would pay for a single condo appraisal.

Appraisal 71

Appraisal 71

Financial Times M&A

JUNE 6, 2024

Bipartisan group wants to bolster its presence in Europe

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69

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 69

Comps Appraisal 69

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 65

Mergers & Acquisitions 65

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 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 64

Marketability 64

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 62

Banking Technology Finance Marketability 62

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 64

Technology Equity 64

Global Finance

JUNE 6, 2024

The Bank of Namibia (BoN) has signed an agreement with NPCI International Payments Limited (NIPL), an international arm of the National Payments Corporation of India (NPCI), to develop a secure national payment system, similar to India’s Unified Payment Interface (UPI) using the same technology. UPI is an instant payment platform that enables inter-bank transactions through mobile devices 24/7.

Banking 62

Banking Finance Technology Marketability 62

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

ThomsonReuters

JUNE 6, 2024

No matter your industry, Generative AI (GenAI) is transforming the professional landscape and opening up new possibilities for innovation and efficiency. But it isn’t without its challenges. The 2024 Generative AI in Professional Services Report from the Thomson Reuters Institute offers insight on GenAI perceptions and usage based on responses from nearly 1,200 professionals from across various industries, including the tax and accounting profession.

Accounting Firms 59

Accounting Firms Technology Compliance 59

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

Pablo Brizzio serves as the chief financial officer (CFO) of Ternium, a steel company known for its integrated manufacturing processes for steel and value-added products. Headquartered in Luxembourg and listed on the New York Stock Exchange (NYSE), Ternium operates across Latin America and is majority owned by the Rocca family. Brizzio has held the position of CFO since 2010.

Finance 57

Finance Compliance Technology Corporate Finance 57

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 56

Appraisal 56

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 57

Banking Finance Treasury Technology 57

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