Mon.Aug 26, 2024

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IVSC Perspectives Paper – Making Intangibles More Tangible: Series Lessons

IVSC

Making Intangible Assets More Tangible: The Final Chapter in IVSC’s Series on Intangible Assets IVSC is pleased to publish the final paper in our Perspectives Series on Intangible Assets, titled “ Making Intangibles More Tangible: Series Lessons ” This conclusive paper brings together the insights and findings from the entire series, offering a comprehensive view on the valuation of intangible assets, which have become increasingly pivotal in today’s global economy.

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The Sustainability J-Curve

Harvard Corporate Governance

Posted by Allen He and Jessica Pollock, FCLTGlobal, on Monday, August 26, 2024 Editor's Note: Allen He is a Director and Jessica Pollock is a Research Associate at FCLTGlobal. This post is based on their FCLTGlobal memorandum. Ideal vs. Reality Companies often argue that sustainability lies at the core of their business strategy and directly impacts their long-term profitability.

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Trending Sources

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The energy transition: Where are we, really?

Mckinsey and Company

Scaling up deployment of decarbonization technologies is crucial to achieve net zero, but there is a reality gap—the lack of firm EU and US project commitments could slow momentum.

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Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Monday, August 26, 2024 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

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How to Leverage Intent Data for Better Outcomes

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.

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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

NYT M&A

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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Building a modern mining company: Interview with Neal Froneman

Mckinsey and Company

Sibanye-Stillwater CEO Neal Froneman discusses mining’s critical role in the energy transition and what the industry can do to promote sustainability, now and in the future.

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More Trending

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Approaching generative AI with a beginner’s mindset

Mckinsey and Company

Generative AI is helping organizations do more in less time. An attitude of eager curiosity could help leaders seize the burgeoning opportunities that come with new technology.

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Replacing The Stigma Of Menopause With Law Firm Support

Law 360 M&A

A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.

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Edgar Bronfman Jr. Drops Pursuit of Paramount

NYT M&A

Mr. Bronfman had frantically put a bid together over the last week even as Paramount raised questions about his financing.

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Gov't Looks To Limit Arguments In Rail Merger Appeal

Law 360 M&A

The federal government urged the D.C. Circuit not to let a coalition of Illinois towns challenging the approval of Canadian Pacific's $31 billion merger with Kansas City Southern incorporate arguments made by Chicago's commuter rail system before the system dropped out of the case.

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Statement of Cash Flows vs. Cash Flow Statement

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

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Business Valuation: EBITDA vs. SDE to Measure Profitability

BV Specialists

EBITDA and SDE are the two drivers behind valuing a business under the Direct Market Data Methodology, using a company's profitability and cash flow while factoring in market-based multiples that apply to these figures. What is EBITDA and SDE? EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization, while SDE stands for Sellers Discretionary Earnings.

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In-House Vet Joins Honigman's Corporate Team In Chicago

Law 360 M&A

Honigman announced Monday it added a longtime in-house attorney, who has worked for companies such as Collins Aerospace and Bridgestone, to the law firm's Chicago office as a partner in its transactions and counseling practice.

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Free download: Staff Training Plan

JPAbusiness

The JPAbusiness Staff Training Plan template has been designed to help business owners and senior managers manage their staff training needs. Use the Staff Training Plan when conducting performance reviews with team members to help identify skills gaps and map out a plan for your employees’ future training.

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DuPont Shares Up 17% in 6 Months: What's Driving the Stock?

Benzinga

Shares of DuPont de Nemours, Inc. (NYSE: DD ) have gained 16.5% over the past six months. The company has also outperformed its industry's rise of 4.5% over the same time frame. DD has also topped the S&P 500's roughly 9.5% increase over the same period. Let's take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.

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Mastering Intent Data: Understanding its Importance & Best Practices

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.

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Unveiling the Power of Technology in M&A Due Diligence: A Paradigm Shift in Deal Assessment

Sun Acquisitions

In the intricate world of mergers and acquisitions (M&A), due diligence is a crucial phase in determining the success or failure of a transaction. Traditionally, due diligence was a laborious process involving extensive manual review of documents and financial records. However, the landscape is rapidly evolving, thanks to technology integration and data analytics.

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The J.M. Smucker to Report Q1 Earnings: Things to Note

Benzinga

The J. M. Smucker Company (NYSE: SJM ) is likely to register top-line growth when it reports first-quarter fiscal 2025 earnings on Aug 28. The Zacks Consensus Estimate for revenues is pegged at $2.1 billion, which indicates an increase of 18.2% from the prior-year quarter's reported figure. However, the bottom line is likely to decline 1.4% year over year in the fiscal first quarter.

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Firm Wants Award Nixed Over DLA Piper, Arbitrator Ties

Law 360 M&A

Fortis Advisors is urging a Delaware court to vacate an arbitral award favoring gaming company Stillfront following its 2019 purchase of a Canadian video game company, arguing that an accounting firm hired to adjudicate the dispute and Stillfront's counsel at DLA Piper hid a "web of relationships" between them.

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Siemens Healthineers To Buy Novartis Diagnostics To Bolster Cancer Scan Business In $220M Deal

Benzinga

Siemens Healthineers agreed to acquire Novartis AG’s (NYSE: NVS ) diagnostics arm for $223.5 million (200 million euros) in a deal meant to enhance its cancer treatments. Both companies confirmed the acquisition, and it involved Advanced Accelerator Applications, a division Novartis purchased in 2017. The Financial Times reported that Advanced Accelerator Applications operates Europe's second-largest network of cyclotrons.

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Bronfman Scraps Paramount Bid, Paving Way For Skydance

Law 360 M&A

Media executive Edgar Bronfman Jr. has dropped his reported $6 billion bid to buy Paramount Global just days after the offer was disclosed, opening a path to Paramount to close its merger agreement with Skydance Media.

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Belgium-Based Pharma Firm UCB To Offload China Neurology, Allergy Business For $680M To Asset Management Companies

Benzinga

European biopharmaceutical company UCB SA (OTC: UCBJF ) (OTC: UCBJY ) announced a $680 million strategic divestment deal in China. The transaction involves the sale, divestment, and license of UCB’s mature business (neurology and allergy) in China to CBC Group , an Asia-based healthcare-dedicated asset management group, and Mubadala , an Abu Dhabi-based investment company. “In the short term, UCB is exploring the launch of novel medicines in immunology, neurology, and rare diseases i

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Albertsons Paints Picture Of Dire Future Without Kroger Deal

Law 360 M&A

Albertsons told an Oregon federal judge Monday that if the Federal Trade Commission is able to block a proposed merger with Kroger, it could lead to layoffs and shuttered stores, because a go-it-alone Albertsons doesn't have the wholesale buying power to compete with Walmart and Costco on prices.

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A Private Equity Tactic to Consider for Your Family Business

Auto Dealer Valuation Insights

A few weeks ago, we observed private equity investors learning a lesson about liquidity risk, which family shareholders have always known. This week, we turn the tables and explore a PE strategy that might be worth considering for some family businesses.

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Biotech Investor Sues In Chancery Over Alleged IP Diversions

Law 360 M&A

A private equity investor in biotech Vividion Therapeutics Inc., recently acquired by Bayer Corp. for up to $2 billion, sued the company's co-founder and others in Delaware's Court of Chancery on Monday, accusing them of secretly diverting to another company intellectual property worth "hundreds of millions, if not billions.

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U.S. Bancorp Rises 12% in 3 Months: More Upside Left?

Benzinga

U.S. Bancorp 's (NYSE: USB ) shares have gained 12% in the past three months, outperforming the industry's growth of 5.1% and the S&P 500's rise of 5.8%. USB is currently trading just 1% off its 52-week high of $45.88 hit on Jul 30. Image Source: Zacks Investment Research The company's inorganic growth move and strong balance sheet will support its financials in the long term.

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Connecticut And NY AGs Reach Terms For Hospital Merger

Law 360 M&A

Two major hospital systems in New York and Connecticut have reached an agreement with their states' attorneys general to resolve an antitrust investigation spurred by the planned merger of Northwell Health and Nuvance Health, bringing the deal first announced in February closer to fruition.

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Simulations Plus Restructures Business Unit Post-Acquisitions

Benzinga

Simulations Plus, Inc. (NASDAQ: SLP ) has streamlined its business unit and leadership structure to foster growth after recent acquisitions. These updates will be implemented on Aug 30, 2024. Over the past year, Simulations Plus made two major acquisitions, including the largest in its corporate history. In June 2024, the company acquired Pro-ficiency Holdings, Inc. and its subsidiaries from QHP Capital and its minority shareholders for about $100 million, expanding its footprint across the drug

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Foreign Threat Actors Pose Novel Risks To US Tech Cos.

Law 360 M&A

A recent bulletin jointly issued by several U.S. intelligence agencies warns technology startups and the venture capital community about national security risks posed by foreign threat actors, so companies interested in raising foreign capital should watch for several red flags, say Robert Friedman and Jacob Marco at Holland & Knight.

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Here's Why Investor Should Retain Watsco Stock for Now

Benzinga

Watsco, Inc. (NYSE: WSO ) is benefiting from consistent investments in technological advancements and strategic buyouts. Also, the solid performance of heating, ventilation and air conditioning (HVAC) equipment and commercial refrigeration products segments added to the uptrend. It is steadily advancing toward its goal of expanding customer-focused technologies to a growing number of contractors.

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Ex-Ingersoll Rand Exec Could Be Stuck With Non-Compete

Law 360 M&A

A Colorado state court judge expressed her doubts Monday that the former chief executive of a company acquired by industrial products giant Ingersoll Rand could avoid repercussions for joining the only firm named in a non-compete agreement he signed, saying the executive hadn't done nearly enough to show the contract was unenforceable.

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Food Sector M&A Is Heating Up, Gabelli Fund Manager Says: Watch For BellRing Brands, Campbell Soup

Benzinga

The food industry is ripe for consolidation now that the Federal Reserve is expected to cut interest rates in September. According to Kevin Dreyer , co-CIO of Value at Gabelli Funds , lower rates generally stimulate M&A activity. "One thing to note is that, as rates come down, that tends to lead to an upswing in M&A activity," Dreyer told CNBC on Friday, Aug. 23. “Food stocks have had a tough year — the consumer stretch, inflation has been biting them — they’ve been strugglin

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McKesson Inks $2.49B Deal For Cancer-Focused Biz

Law 360 M&A

Healthcare services provider McKesson Corp. on Monday announced plans to acquire a majority stake in Paul Weiss Rifkind Wharton & Garrison LLP-advised Florida Cancer Specialists & Research Institute's Community Oncology Revitalization Enterprise Ventures for $2.49 billion.

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Trout CPA Voted #1 Accounting Firm by LNP Readers

Trout CPA

Trout CPA is excited to announce that we have been recognized as a 2024 LNP Readers’ Choice Award recipient. We were voted #1 in three categories: Accounting Firm, Tax Preparation Services, and Business Advisory Services.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Last week in Delaware's Court of Chancery, Boeing accused shareholders of using a new pressure tactic, Cantor Fitzgerald struck a $12 million deal, and a vice chancellor dealt with zombie companies. New cases involved displaced Pacific Islanders and an insurance customer acquisition platform. In case you missed it, here's a roundup of news from the Chancery Court.

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Zijin Mining Reports Surging Net Income, Acknowledges Growing M&A Threats

Benzinga

Zijin Mining Group (OTC: ZIJMF ), a Chinese copper and gold producer, is encountering increasing obstacles to its mergers and acquisitions (M&A) ambitions due to geopolitical tensions, a slowing global economy, and a rise in resource nationalism. These challenges have raised concerns over the company's ability to expand its international footprint, particularly in strategic mining jurisdictions like Canada.

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