Harvard Corporate Governance

MAY 16, 2024

Posted by Amar Gill and Kei Okamura, Asian Corporate Governance Association (ACGA), on Thursday, May 16, 2024 Editor's Note: Amar Gill is a Secretary General at Asian Corporate Governance Association and Kei Okamura is a Portfolio Manager at Neuberger Berman and ACGA Japan Working Group Chair. This post is based on an open letter by the Asian Corporate Governance Association (ACGA), prepared by Mr.

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Law 360 M&A

MAY 16, 2024

Sen. Amy Klobuchar, D-Minn., reintroduced sweeping legislation Thursday aimed at restoring competition by strengthening antitrust laws to help enforcers better deal with harmful conduct and mergers, garnering support from the American Antitrust Institute, Consumer Reports and others.

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Harvard Corporate Governance

MAY 16, 2024

Posted by Leo E. Strine, Jr., Wachtell, Lipton, Rosen & Katz, on Thursday, May 16, 2024 Editor's Note: Leo E. Strine, Jr. is the Michael L. Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Chancellor, the State of Delaware.

Technology 138

Technology 138

ThomsonReuters

MAY 16, 2024

The Public Company Accounting Oversight Board (PCAOB) has recently adopted a significant new auditing standard, AS 1000, titled “ General Responsibilities of the Auditor in Conducting an Audit.” This standard is a pivotal development in the auditing world, aiming to consolidate and clarify the foundational responsibilities of auditors. AS 1000 is designed to enhance the structure and clarity of auditor responsibilities, ensuring that audits are conducted with a high degree of profess

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Technology 98

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

Law 360 M&A

MAY 16, 2024

A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.

Finance 95

Finance 95

Appraisers Blog

MAY 16, 2024

Low ball appraisal? There is no such thing. An opinion of value differences from the home owner their attorney and the professional in the field the appraiser. Was a field review accomplished? If not, why not? Almost glad I had a tumor in my head and was forced to retire.

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Appraisal 91

Appraisers Blog

MAY 16, 2024

FNMA & Freddie plan to implement photo recognition AI to analyze appraisal photos & extract 100+ data points related to quality & condition.

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Appraisal 98

Machen McChesney

MAY 16, 2024

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt more favorably than corporate equity.

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Capital Structure Equity 87

Appraisers Blog

MAY 16, 2024

Unfortunately, some of the tools used to oppress appraisers doing mortgage work, or at least somewhat similar tools with similar devastating effects will be coming to nearly all facets of appraising. One doesn’t have to think real hard how these could be implemented for eminent domain, legal and even estate work, and beyond. So these various non-mortgage appraisal safe havens will be short lived.

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Appraisal 87

The Guardian M&A

MAY 16, 2024

Postal service shake-up takes on extra weight as Royal Mail bosses meet ministers to discuss Czech tycoon’s £3.5bn takeover offer A shake-up of the postal service that could hand the owner of Royal Mail a £300m boost will not take place before the general election, it has emerged, as the company’s bosses meet ministers to discuss its proposed £3.5bn takeover by a Czech billionaire.

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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

Trout CPA

MAY 16, 2024

Written by Randall Weaver, CPA & Heather Shenk, CPA Qualifying as a real estate professional offers unique tax benefits. The Internal Revenue Service (IRS) has specific criteria for individuals to meet the requirements as real estate professionals to benefit from this election.

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Benchmark Report

MAY 16, 2024

The global roofing market is growing at a compound annual growth rate (CAGR) of 3.7% from $267.64 billion in 2023 to $277.42 billion in 2024. This growth can be attributed to growth within construction and real estate, urbanization trends, climate and weather, architectural styles and trends, and the need for maintenance and replacement.

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Marketability Technology 64

Financial Times M&A

MAY 16, 2024

South African group’s chief executive must win over investors to fend off BHP’s unsolicited takeover bid

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Benzinga

MAY 16, 2024

Vertical farming technology and infrastructure provider Nature’s Miracle Holding Inc. (NASDAQ: NMHI ) and Agrify Corporation (NASDAQ: AGFY ) announced Thursday that both parties have signed a definitive agreement and merger plan. Under the deal, a new wholly-owned subsidiary of Nature’s Miracle will merge with and into Agrify, which will survive as a wholly-owned subsidiary of Nature’s Miracle.

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Technology 59

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

Fox Corporate Finance

MAY 16, 2024

FCF ist eine spezialisierte Investmentbank und Finanzierungsspezialist für börsennotierte und private Unternehmen des Mittelstands im deutschsprachigen Raum. FCF strukturiert, arrangiert und platziert Eigen- und Fremdkapitalfinanzierungen und unterstützt seine Mandanten bei der Realisierung von Venture-, Wachstums-, Read more The post Executive (Sales) Assistant appeared first on FCF Fox Corporate Finance GmbH.

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Corporate Finance Finance 52

Global Finance

MAY 16, 2024

Global banking aced 2023 despite the drama of bank failures. The banking industry emerged triumphant in 2023, a year that had threatened to be catastrophic. Rapid industry intervention averted the nightmare scenario of a contagion-driven financial crisis fueled by multiple bank failures in the US and Europe. Last year’s mini-crisis of bank failures was best seen as the result of idiosyncratic management lassitude at the eventually rescued banks.

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Banking Finance Start-ups Technology 52

Law 360 M&A

MAY 16, 2024

Concord has "unanimously decided" to pull out of the bidding war to buy its rival operator, Hipgnosis Songs Fund, leaving private equity giant Blackstone in pole position to buy the music rights company.

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Equity 52

ThomsonReuters

MAY 16, 2024

In the ever-evolving landscape of auditing and accounting, the Public Company Accounting Oversight Board (PCAOB) has taken a significant step forward with the adoption of a new quality control standard, QC 1000. This new standard marks a pivotal shift from the outdated frameworks that have governed the auditing realm for decades. Here, we delve into the intricacies of QC 1000, exploring its implications for registered public accounting firms and the broader auditing environment.

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Accounting Firms 52

Law 360 M&A

MAY 16, 2024

An administrative law judge on Thursday denied the Federal Trade Commission's "premature" bid to compel Kroger and Albertsons to fork over documents related to negotiations for the companies' expanded divestiture plan amid the commission's in-house challenge to the grocers' merger.

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Gergory Caruso

MAY 16, 2024

In the fast-paced world of business, productivity is queen and king. Overall, improving productivity is not just about doing more work; it’s about working smarter, achieving better results, and creating value for all stakeholders involved—employees, customers, shareholders, and society at large. Just a few of the many places improved Productivity will show up.

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Business Valuation 52

Law 360 M&A

MAY 16, 2024

Online fashion giant Shein is shifting IPO plans from the U.S. to London amid resistance from U.S. lawmakers and Chinese regulators, Kraft Heinz wants to sell its Oscar Mayer business, and private equity firm Cinven hopes to divest software firm Jaggaer for $3 billion. Here, Law360 breaks down these and other notable deal rumors from the past week.

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Private Equity Firm Equity 52

Benzinga

MAY 16, 2024

Thursday, Johnson & Johnson (NYSE: JNJ ) agreed to acquire Proteologix Inc., a privately held biotechnology company focused on bispecific antibodies for immune-mediated diseases, for $850 million in cash, with the potential for an additional milestone payment. Proteologix’s portfolio includes: PX128, a bispecific antibody targeting IL-13 plus TSLP, which is ready to enter phase 1 development for moderate to severe atopic dermatitis (AD) and moderate to severe asthma.

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Law 360 M&A

MAY 16, 2024

Special-purpose acquisition companies won't get sought-after relief from a new 1% tax on stock buybacks under a recent Treasury Department proposal that otherwise provides helpful clarity on the tax's implications for the subdued SPAC market, lawyers say.

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Treasury Marketability 52

ThomsonReuters

MAY 16, 2024

Jump to: The rise of GenAI in professional services GenAI’s potential in tax and accounting GenAI insights: Accuracy and data security are top concerns GenAI’s impact on business models and pricing strategies Training for the future: Preparing staff for GenAI GenAI and the road ahead For professionals across all industries, the advent of Generative AI (GenAI) has emerged as a transformative force, shifting the landscape and bringing with it both disruption and opportunity.

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Accounting Firms Technology Compliance 52

Law 360 M&A

MAY 16, 2024

A New York federal judge has dismissed a lawsuit by shareholders of digital finance platform MoneyLion, who allege the company and its directors approved a reverse stock split that stripped preferred shareholders of their rights, saying the investors should have known the consequences of the vote.

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Finance 52

Auto Dealer Valuation Insights

MAY 16, 2024

The April 2024 SAAR was 15.7 million units, reflecting generally flat month-over-month (+1.1%) and year-over-year (+0.4%) growth. Over the last several months, we have seen more stability in the SAAR than we have seen since the pandemic. This stability will likely give confidence to dealers and consumers alike after years of volatility and uncertainty in transaction prices and vehicle availability.

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Law 360 M&A

MAY 16, 2024

After a subtle uptick in private equity deal values in the first quarter, the global chair of Linklaters LLP's corporate department in New York, George Casey, and one of its top PE dealmakers in London, Alex Woodward, believe the pace of transactions is picking up and the market is primed for a comeback.

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Equity Marketability 52

Benzinga

MAY 16, 2024

BHP 's (NYSE: BHP ) shareholders anticipate one final bid enhancement in the ongoing pursuit of Anglo American (OTC: AAUKF ), as the regulatory deadline looms. So far, Anglo American rejected two successive all-share propositions, opting instead for an expedited restructuring initiative that would see it focus on copper and iron ore. Anglo’s refusal of BHP’s all-share offers, which included spinning off listed South African businesses, has led to skepticism among investors.

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Marketability 52

Law 360 M&A

MAY 16, 2024

Vinson & Elkins LLP is guiding Crescent Energy Co. on a new agreement to purchase Gibson Dunn & Crutcher LLP-led SilverBow Resources Inc. in a transaction valued at $2.1 billion, the Houston-based energy companies said Thursday.

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Benzinga

MAY 16, 2024

American International Group, Inc. (NYSE: AIG ) sold 120 million shares in Corebridge Financial Inc (NYSE: CRBG ) to Nippon Life for $3.8 billion. That’s $31.47 per share. The stake represents 20% of Corebridge’s outstanding shares. AIG retains a 9.9% stake for two years post-closing. AIG chief executive Peter Zaffino praised Nippon Life for “its leadership in the Japanese insurance.

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Law 360 M&A

MAY 16, 2024

Latham & Watkins LLP is guiding Japan's Nippon Life Insurance Co. on a new deal to buy 120 million shares of Corebridge Financial Inc. common stock from AIG for $3.8 billion, with Debevoise & Plimpton LLP guiding Corebridge and Wachtell Lipton Rosen & Katz representing AIG, the purveyors of insurance products said Thursday.

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Appraiser Newsroom

MAY 16, 2024

Join us for ASA’s ASAI Symposium, a groundbreaking virtual, half-day event tailored for valuation professionals, taking place on May 27th, 2024 at 1:00 PM ET. View our comprehensive Conference Agenda to see sessions that will explore the transformative impact of artificial intelligence on your professional landscape, from insightful discussions on emerging tools to an in-depth exploration of the nuanced relationship between AI and USPAP.

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Business Valuation Appraisal Intangible Assets Business Enterprise 52

Law 360 M&A

MAY 16, 2024

German tech conglomerate Siemens AG said Thursday it has agreed to sell its Innomotics large motors and drives unit to New York City-based private equity firm KPS Capital Partners at an enterprise value of €3.5 billion, or roughly $3.8 billion.

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Private Equity Firm Enterprise Value Equity 52

Peak Business Valuation

MAY 16, 2024

Entrepreneurship is no walk in the park. Yet, the eventual gains can justify the struggle. For some, these gains are greater flexibility, independence, and financial stability. For others, personal growth and legacy-building for future generations. This is true if you are starting a new business or expanding an existing busines s. You may be seeking to grow the business organically or by acquiring another business.

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Business Valuation Appraisal Finance Debt Financing 52