Harvard Corporate Governance
DECEMBER 26, 2023
Posted by Andrew Rosini, Toni Mele, and Tracy Wilkison, FTI Consulting, on Tuesday, December 26, 2023 Editor's Note: Andrew Rosini is a Senior Managing Director and Leader of Global Risk & Investigations Practice; and Toni Mele and Tracy Wilkison are Senior Managing Directors at FTI Consulting. This post is based on a FTI Consulting memorandum by Mr.
NYT M&A
DECEMBER 26, 2023
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
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Mckinsey and Company
DECEMBER 26, 2023
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
Benzinga
DECEMBER 26, 2023
Bristol Myers Squibb & Co (NYSE: BMY ) has agreed to acquire RayzeBio Inc (NASDAQ: RYZB ) for $62.50 per share in cash, for a total equity value of approximately $4.1 billion, or $3.6 billion net of estimated cash acquired. RayzeBio is a clinical-stage radiopharmaceutical therapeutics (RPT) focused on actinium-based RPTs. Current pipeline programs are targeting the treatment of solid tumors, including gastroenteropancreatic neuroendocrine tumors (GEP-NETs), small-cell lung cancer, hepatocell
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.
Appraisers Blog
DECEMBER 26, 2023
Lets talk fees…damn their rules about collusion. How much will you guys be billing for the new fuster cluck form?
Benzinga
DECEMBER 26, 2023
Galiano Gold (TSX: GAU ) is set to own 90% of one of the largest gold mines in West Africa. What Happened : The company committed to acquiring a 45% stake in the Asanko gold mine for $170 (C$225) million. The Government of Ghana holds the remaining 10% stake. On the sell side is Galiano’s joint venture partner, Gold Fields (NYSE: GFI ). Most of the deal will be a cash transaction, paid in installments due Dec. 31, 2026, with the last $30 million paid after the production of 100,000 oz of g
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Benzinga
DECEMBER 26, 2023
Manchester United Ltd (NYSE: MANU ) shares are trading higher Tuesday after the company announced it reached a deal to sell 25% of its shares for $33 per share. What Happened: Manchester United entered into an agreement in which INEOS chairman Sir Jim Ratcliffe will acquire 25% of its Class B shares and up to 25% of its Class A shares for $33 per share.
Financial Times M&A
DECEMBER 26, 2023
Gracell Biotechnologies would operate as wholly owned subsidiary under terms of deal
Benzinga
DECEMBER 26, 2023
DDC Enterprise, Ltd. (NYSE: DDC ), doing business as DayDayCook , is looking to expand its presence across the U.S. now that it's public. What Happened : The company agreed to acquire Yai's Thai, Inc. , a leading Thai American food brand, for an undisclosed price. The deal will be funded through cash and stock. Yai's Thai shows substantial growth in the ready-to-eat market and is projecting.
Farrel Fritz
DECEMBER 26, 2023
Some years are easier than others to select the most significant business divorce cases. In this, the 16th year I’ve published this top-10 list , the task is made especially difficult by a veritable flood of court decisions involving novel issues in business divorce cases. But select I must. The cases I’ve selected for this year’s list include decisions by New York courts and a couple of out-of-state courts at the trial and appellate levels, involving mostly limited liability companies but also
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
Financial Times M&A
DECEMBER 26, 2023
Decision to divide TIM and sell network to private equity group KKR may foster consolidation in a fragmented industry
Benzinga
DECEMBER 26, 2023
Hollysys Automation Technologies Ltd (NASDAQ: HOLI ) shares are trading higher today as the company got an increased acquisition offer from a buyer Consortium led by Dazheng Group Acquisition Limited. The consortium intends to buy HOLI for $29.00 per share or about $1.8 billion in cash. The acquisition cost represents a 55.5% premium to. Full story available on Benzinga.
Peak Business Valuation
DECEMBER 26, 2023
Businesses in the shoe and footwear manufacturing industry create various types of footwear for men, women, and children. An industry report on IBIS World notes that there are only about 860 shoe and footwear manufacturing businesses in the United States. These businesses generate over $440 million each year. We can expect slight revenue growth in the coming years as the number of businesses rises.
Benzinga
DECEMBER 26, 2023
American Electric Power Co Inc (NASDAQ: AEP ), along with PNM Resources Inc (NYSE: PNM ), inked a deal to divest around 50% stake each in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC for about $230 million. In particular, AEP and PNM Resources intend to sell the portfolio of 15 solar projects totaling 625 megawatts (MW).
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.
RNC
DECEMBER 26, 2023
Introduction A Thermal Power Plant in India, operating for over 28 years, has an installed capacity of 500 MW, strategically located with efficient access to fuel and transmission infrastructure. Situation: Consistently operating at full capacity, regular maintenance, and upgrades conducted. Primarily coal-fueled with reliable supply contracts. Measures implemented for operational efficiency and emission reduction.
Benzinga
DECEMBER 26, 2023
Bristol-Myers Squibb (NYSE: BMY ) has announced a merger with RayzeBio (NASDAQ: RYZB ) that is expected to be completed 2024-H1. Under the terms of the agreement, Bristol-Myers Squibb has agreed to give RayzeBio $4.10 billion in cash in exchange for RYZB stock. About The Companies Involved Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders.
Benzinga
DECEMBER 26, 2023
Stratasys Ltd (NASDAQ: SSYS ) shares are trading higher after it disclosed receiving a preliminary acquisition proposal from Nano Dimension Ltd (NASDAQ: NNDM ) last week. NNDM intends to buy all the remaining outstanding shares that it currently doesn't own for $16.50 per share in cash. In September, SSYS' Board. Full story available on Benzinga.
Benzinga
DECEMBER 26, 2023
AstraZeneca Plc (NASDAQ: AZN ) has agreed to acquire Gracell Biotechnologies Inc (NASDAQ: GRCL ), further strengthening AstraZeneca's cell therapy portfolio. The deal value is $2.00/share (equivalent to $10/ADS ADS of Gracell) plus a non-tradable contingent value right of $0.30/share (equivalent to $1.50/ADS of Gracell) in cash. The proposed acquisition will enrich AstraZeneca's growing pipeline of cell therapies with GC012F, a clinical-stage FasTCAR-enabled BCMA, and CD19 dual-targeting
Benzinga
DECEMBER 26, 2023
Royal Bank Of Canada (NYSE: RY ) received approval to acquire HSBC Holdings, Plc. 's (NYSE: HSBC ) domestic unit, keeping more of Canada's banking sector in Canadian hands. The acquisition, which was proposed on 29th November last year, has a deal value of around C$13.5 billion ($10.2 billion). HSBC Group's estimated pre-tax gain is $5.7 billion.
Benzinga
DECEMBER 26, 2023
Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback program: September 22, 2023 End date of the share buyback program: February 29, 2024 Overview of transactions: Date Aggregated daily volume (number of Shares) Weighted average share price per day (NOK) Total daily transaction value (NOK) 20.12.23 75 309 67.54 5 086 039 21.12.23 4 853 Full story available on Benzinga.
Benzinga
DECEMBER 26, 2023
NEW YORK, Dec. 26, 2023 (GLOBE NEWSWIRE) -- DDC Enterprise, Ltd., (NYSEAM: DDC ) ("DayDayCook," "DDC," or the "Company"), a leading content-driven food consumer brand, today announces it has entered into an agreement to acquire Yai's Thai, Inc., a leading Thai American food brand. The acquisition will significantly expand DayDayCook's U.S. footprint and will be financed through a combination of both cash and stock.
Benzinga
DECEMBER 26, 2023
AstraZeneca (NASDAQ: AZN ) has announced an acquisition of Gracell Biotechnologies (NASDAQ: GRCL ) that is expected to be completed in Q1 of 2024. Under the terms of the agreement, AstraZeneca has agreed to give Gracell Biotechnologies $1.20 billion in in exchange for GRCL stock. Currently, neither company has disclosed whether the payment will be in cash or in stock.
Benzinga
DECEMBER 26, 2023
Transaction Brings RayzeBio's Differentiated Actinium-Based Radiopharmaceutical Platform, Including Rich Pipeline of Multiple Drug Development Programs to Bristol Myers Squibb's Leading Oncology Franchise Lead Program, RYZ101, in Phase 3 Development for Treatment of Gastroenteropancreatic Neuroendocrine Tumors and Early-stage Development for Treatment of Small Cell Lung Cancer and Potentially Other Tumor Types Gains Robust IND Engine and State of the Art Radiopharmaceutical Manufacturi
Benzinga
DECEMBER 26, 2023
DAYTONA BEACH, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO ), and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance (" Caton Hosey "), today announced that Brown & Brown has entered into an agreement to acquire the assets of Caton Hosey. The transaction is expected to close in early January 2024, subject to certain closing conditions.
Benzinga
DECEMBER 26, 2023
TORONTO, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited ("Fairfax") (TSX: FFH ) announces the successful completion of the previously announced acquisition of all of the shares of Gulf Insurance Group K.S.C.P. ("GIG") (KW: GINS) under the control of Kuwait Projects Company (Holding) K.S.C.P. and certain of its affiliates, which represents approximately 46.32% of the equity of GIG.
Benzinga
DECEMBER 26, 2023
American Environmental to List on Nasdaq Upon Closing Under Ticker Symbol: AEPT CANONSBURG, PA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –American Environmental Partners, Inc. ("American Environmental," "AEPT" or "the Company") (OTC: AEPT ), a mission critical environmental services company focused on remediation and processing solutions for infrastructure and industrial companies, today announced that it has signed a definitive agreement and plan of merger on Dec. 21, 2023 with SCW
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