Harvard Corporate Governance
MAY 30, 2024
Posted by Robert J. Rhee (University of Florida), on Thursday, May 30, 2024 Editor's Note: Robert J. Rhee is John H. and Marylou Dasburg Professor of Law at the University of Florida Levin College of Law. This post is based on his recent article , forthcoming in the Northwestern University Law Review. When AI acquires self-awareness, agency, and unique (general) intelligence, it will attain ontological personhood.
N Contracts
MAY 30, 2024
Y ou may think that artificial intelligence (AI) is a development your financial institution can worry about another day , but that’s a mistake. AI risk has already cost financial institutions millions – even at institutions that haven’t directly implemented AI technology.
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Harvard Corporate Governance
MAY 30, 2024
Posted by Steve Cirami, Broadridge , on Thursday, May 30, 2024 Editor's Note: Steve Cirami is Global Securities Class Actions leader at Broadridge. This post is based on his Broadridge memorandum. Industry trends: Noteworthy class action developments in 2023 Securities class actions before the Supreme Court. Despite being the cornerstone of securities litigation worldwide, securities class action law in the United States is continually evolving.
Reynolds Holding
MAY 30, 2024
In a recent case involving Meta (née Facebook), the Delaware Court of Chancery issued an important opinion that speaks to the fundamental nature of corporate governance. Nearly everyone knows that corporate directors owe fiduciary duties to “the corporation and its stockholders,” but what do those stockholders really want? Do they want the board of directors to promote the interests of their one, single corporation, regardless of the effects on other companies?
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.
Harvard Corporate Governance
MAY 30, 2024
Posted by Jim Ducayet and Deepa Chari, Sidley Austin LLP, on Thursday, May 30, 2024 Editor's Note: Jim Ducayet is a Partner and Deepa Chari is an Associate at Sidley Austin LLP. This post is based on their Sidley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. In a recent case, Palkon v. Maffei (TripAdvisor) , the Delaware Supreme Court accepted an interlocutory appeal of the Court of Chancery’s denial of shareholders’ motion to dismi
NYT M&A
MAY 30, 2024
Stock markets in Mumbai have surged as big global investors hope India can become a source of growth. It won’t be so easy.
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Benzinga
MAY 30, 2024
Cansortium Inc. (OTC: CNTMF ), a multi-state cannabis operator under the FLUENT brand and RIV Capital Inc. (OTC: CNPOF ) announced a merger that will operate in Florida, New York, Texas, and Pennsylvania, covering 25% of the U.S. population with eight cultivation and processing facilities and 42 retail dispensaries. Supported by ScottsMiracle-Gro ’s $175 million debt elimination, the merger combines Cansortium’s operational expertise with RIV Capital’s $66 million cash reserve.
Equidam
MAY 30, 2024
For early stage startups seeking investment, especially pre-revenue companies, there’s a common debate about the necessity of financial projections. Some argue that projections are unreliable due to the inherent uncertainty of young companies, and the number of assumptions that they have to model. However, there are compelling reasons why creating these models can significantly benefit both founders and investors.
Financial Times M&A
MAY 30, 2024
Six-week-long pursuit failed but will leave its mark on the mining industry
Sun Acquisitions
MAY 30, 2024
In the dynamic landscape of mergers and acquisitions, the sale of a business is more than just a financial transaction; it’s a journey fraught with psychological intricacies and emotional highs and lows. Business owners, often profoundly connected to the entities they’ve built, embark on a rollercoaster of emotions as they navigate the complex process of selling their enterprise.
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
MAY 30, 2024
Operators across the Atlantic are left at a disadvantage in several areas when it comes to M&A
Benchmark Report
MAY 30, 2024
The construction industry is growing significantly worldwide, especially in developing countries. As a result, there is a rising demand for Heating, Ventilation, and Air Conditioning (HVAC) systems in residential, commercial, and industrial sectors. This growth is being driven by ongoing urbanization and infrastructure development.
Lighter Capital
MAY 30, 2024
Every entrepreneur needs one thing to build their startup from idea to successful exit: money. Without a growth capital roadmap, founders on the startup journey face twists, turns, detours, and even a potential dead-end. What many don’t anticipate is the toll that repeated fundraising rounds can take on them and the business. Don’t end up like so many founders who wish they had known.
Appraisers Blog
MAY 30, 2024
In reply to Kenneth Mullinix. Reviewer positions pop up every now and then on jobs boards. At least a few times every year. If they’re accessible or worthwhile positions is another story. Just get used to sorting away amc’s, as they constantly advertise to pick up staff appraisers and other menial low pay positions. Review jobs are going away too, because there is a substantial reduction in appraisal requests due to the mandate of FHFA to eliminate human appraisers from the lending p
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.
Law 360 M&A
MAY 30, 2024
A former executive of biopharmaceutical company Medivation Inc. whom a jury found liable for using inside information from his company when he purchased stock in a rival pharmaceutical maker has moved for a new trial in the U.S. Securities and Exchange Commission's novel "shadow trading" case.
Appraisers Blog
MAY 30, 2024
In reply to Mary T Thompson. Quick how to life hack to get a refinance loan which is more than you could actually sell the property for in the real world; Accuse the appraiser of being racist. Lender wins on both sides of the play; Higher commissions on the origination, larger write offs during the eventual liquidation or write down of asset phase. The consumer becomes captured in a debt trap, the gift which keeps on giving, servicing fees never end.
Law 360 M&A
MAY 30, 2024
The Competition and Markets Authority said Friday it has opened a formal probe into Nationwide Building Society's plans to buy Virgin Money for £2.9 billion ($3.7 billion), which they say would create a combined group with assets of approximately £366 billion.
Appraisers Blog
MAY 30, 2024
In reply to Kenneth Mullinix. Excellent. Having nullified the appraisal pressure hotline, instead there is a hotline for borrowers to call to apply value pressure to the appraiser for the specific purpose of forcing the appraiser to comply and hit the number. Most lenders work with multiple amc’s, even though they have direct assignment elite appraiser panels they could turn to instead.
Law 360 M&A
MAY 30, 2024
Spanish banking giant BBVA said Friday that it has called a shareholders' meeting to approve the sale of new shares in a package to finance the €12 billion ($13 billion) hostile takeover of its smaller rival, Banco de Sabadell SA.
Appraisers Blog
MAY 30, 2024
In reply to Kenneth Mullinix. JP Morgan cares nothing about Appraisers and only themselves. Pay the Black homeowner $50,000 to shut her up. This action makes it LOOK like there WAS bias, no matter what they said in their letter. Settling means they are GUILTY! They cannot stand firm and pursue this to the end, to prove no bias and end the lawsuit because that means they have to spend more money.
Scott Mashuda
MAY 30, 2024
May 23, 2024. Cleveland, OH. The M&A Source has recognized REAG ’s Todd Torquato and Jaclyn Ring , with Gold Club Awards for outstanding performance in 2023 as part of its annual Member Awards Program. This year’s Gold Club Award Winners were honored at the 2024 M&A Source Spring Conference & Deal Market in Louisville, KY for having completed sell-side or buy-side deals totaling more than $15M in combined purchase price in the prior calendar year.
Appraisers Blog
MAY 30, 2024
In reply to Mary T Thompson. Simple cost analysis. What is cheaper? Pay her off or got to court and risk poor PR. Deal with it right away, take a small stock hit and give 50K away. Then they will figure out a better means to thwart complaints from appraisal by denying them the application in the first place.
Law 360 M&A
MAY 30, 2024
As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine Cronin at Stinson and Katharine Manningat Blackbird.
Appraisers Blog
MAY 30, 2024
With all this racist talked going on and me caught in the middle of it I want to transfer over to being a VA or regular review appraiser, that way I will never again be accused of being a racist, does anyone out there know how to get into a a VA review job? I am a VA appraiser now. Or does anyone know of a opening for a review appraiser?
Benzinga
MAY 30, 2024
At Glencore ‘s (OTCPK: GLCNF) plans to consult with shareholders on the future of its coal business following the anticipated closure of its deal to acquire Teck Resources (NYSE: TECK ) steelmaking coal assets. Glencore CEO Gary Nagle said at the annual general meeting held on May 29 that the consultation will determine whether the company will proceed with its previously announced plans to spin off the coal unit into a separate entity.
ThomsonReuters
MAY 30, 2024
In the ever-evolving world of auditing, the AICPA Auditing Standards Board (ASB) has introduced SAS 145 , effective for audits of financial statements for periods ending on or after December 15, 2023. This new standard, which supersedes AU-C 315A and amends other AU-C sections, aims to bridge gaps in risk assessments and elevate audit quality. SAS 145 maintains the core principles of audit risk assessment but introduces significant enhancements and clarifications.
Benzinga
MAY 30, 2024
Several analysts expressed their views on ConocoPhillips’ (NYSE: COP ) deal to acquire Marathon Oil Corporation (NYSE: MRO ) in an all-stock transaction with an enterprise value of $22.5 billion. Yesterday, ConocoPhillips also disclosed that it expects to increase its ordinary base dividend per share by 34% to $0.78 starting in the fourth quarter of 2024.
Law 360 M&A
MAY 30, 2024
U.S. Steel Corp. and Nippon Steel Corp. said Thursday they have received all non-U.S. regulatory nods to move ahead with their planned $14.9 billion merger, including from the European Commission and the U.K.'s Competition and Markets Authority.
Benzinga
MAY 30, 2024
ASHEVILLE, N.C., May 30, 2024 (GLOBE NEWSWIRE) -- Pinnacle Technology Solutions (PTS), a leading U.S. hybrid IT solutions provider, has successfully acquired Pinnacle Business Systems (PBS) based in Edmond, Oklahoma. Recognized as one of the top IT Solution Providers in the region, PBS is known for meticulous attention to detail, ensuring exceptional results for its customers.
Rhythm Systems
MAY 30, 2024
Mastering CEO excellence has become a vital pursuit of executives with a growth mindset, and for good reason. The role of a CEO is multifaceted, brimming with the promise of success and fraught with the peril of failure at nearly every turn and decision. As the architect of a company's destiny, a CEO must create and share a clear vision for the company, build agility into the company culture, and have an unwavering commitment to growth.
Benzinga
MAY 30, 2024
Brookfield Asset Management Inc (NYSE: BAM ), together with its institutional partners, including Brookfield Renewable Partners L.P. (NYSE: BEP ) and Temasek, through a special purpose vehicle, inked an exclusive negotiation to acquire a 53.32% shareholding in Neoen (OTC: NOSPF ) for EUR 39.85 per share. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholders.
Peak Business Valuation
MAY 30, 2024
Selling a hotel can be a rewarding venture. You may want to pursue new opportunities or enjoy a well-deserved retirement. As such, there is potential for capitalizing on the significant equity you have built over the years. A high return on investment depends on the demand of the market. If you are looking to sell a hotel, it is important to receive a valuation for selling a hotel or motel.
Benzinga
MAY 30, 2024
Sony Group Corp’s (NYSE: SONY ) Sony Music is negotiating to acquire Queen’s music catalog, including hits like “Bohemian Rhapsody,” potentially making it one of the largest deals of its kind. The purchase, possibly totaling $1 billion , involves another investor and the talks are ongoing, according to a Bloomberg report. The stock is trading higher on Thursday.
Financial Times M&A
MAY 30, 2024
Popular maker of foot-long deli heroes will use proceeds to pay down acquisition debt
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