Mon.Jun 24, 2024

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Climate Disclosure Update

Harvard Corporate Governance

Posted by Michael R. Littenberg and Marc Rotter, Ropes & Gray LLP, on Monday, June 24, 2024 Editor's Note: Michael Littenberg is a Partner and Global Head of ESG, CSR and Business and Human Rights Practice, and Marc Rotter is Counsel at Ropes & Gray LLP. Pencils down on climate disclosure compliance? Not so fast. It is uncertain when or if the SEC’s new climate disclosure rules will come into effect.

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The first female CEO of an NYSE-listed company and two lives that bookended an era

Mckinsey and Company

Our June obituaries include former CEOs of Ford and Boeing, a mathematician-turned-trader who put quants on the map, and a Caribbean-born titan of francophone literature.

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Trending Sources

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Beyond Risk: Voluntary Disclosure Under Ambiguity

Harvard Corporate Governance

Posted by Ariel Rava (Harvard Law School), on Monday, June 24, 2024 Editor's Note: Ariel Rava is a Post-Doctoral Fellow at Harvard Law School’s Program on Corporate Governance. This post is based on his recent article. Ambiguity, also known as Knightian uncertainty, is rooted in nearly every real-life decision process. It refers to situations in which both the outcome and the probabilities governing the set of possible outcomes are unknown.

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Best Practices for Expense Reporting

Machen McChesney

When it comes to expense reporting, having rigorous financial controls is critical to operating a profitable business. You should monitor expenditures incurred by employees on behalf of the company. This enables your organization to track spending, control costs and maintain accurate financial records.

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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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Should Universities Take a Stand on Public Issues? How Effectively Are Universities Governed?

Harvard Corporate Governance

Posted by John C. Wilcox, on Monday, June 24, 2024 Editor's Note: John C. Wilcox is Chairman Emeritus at Morrow Sodali. This post is based on his recent talk at Harvard’s 60th Reunion. Harvard and many of our most respected universities are going through a period of unprecedented turmoil. In a recent Harvard Magazine article entitled “Why Americans Love to Hate Harvard,” former Harvard President Derek Bok described the “rising tide of antagonism to higher education.

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Recruitment Trends In Emerging Law Firm Frontiers

Law 360 M&A

BigLaw firms are facing local recruitment challenges as they increasingly establish offices in cities outside of the major legal hubs, requiring them to weigh various strategies for attracting talent that present different risks and benefits, says Tom Hanlon at Buchanan Law.

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Leading through noise to find the right signal

Mckinsey and Company

March Capital’s Wes Nichols talks about innovating on the front lines of technological change.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Baggins

Appraisers Blog

Up to only 30 comments now. Either very few people care or they like the amc system the way it is. Back when Biggers rallied for C&R, he hand delivered thousands of appraisers letters directly to congress. Please, send letters asking your co workers, realty agents, lenders, or even family members to comment. Write a letter to your local state appraisal groups asking them to comment, as more than three out of four appraisers no longer work with amc’s, they may not be actively paying att

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Private equity sale of can maker is rare windfall from faded buyout boom

Financial Times M&A

KPS deal to sell Eviosys comes as dealmakers have struggled to exit a growing stockpile of ageing investments

Equity 101
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Comment on Automatic Review of Photos in Appraisal Reports by Baggins

Appraisers Blog

There is an over abundance of technologies to measure and manage loan risk already in existence. Fannie ‘method and system for evaluating a loan’ Long lists of associated patents. If the programs are functioning as intended why do they need more of them? [link] [link] [link] [link] [link] GLB privacy regulations? Get out the old camera that added interesting lighting effects.

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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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Adnoc nears €14.4bn takeover of Covestro

Financial Times M&A

German chemicals group to enter ‘concrete negotiations’ after Gulf state-owned company boosts proposal to €62 per share

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Eric Kennedy

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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What it takes to create a winning transformation

Mckinsey and Company

Successful organizations move a transformation from ambition to action. Here’s what it takes.

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Comment on Automatic Review of Photos in Appraisal Reports by Baggins

Appraisers Blog

There is an over abundance of technologies to measure and manage loan risk already in existence. Fannie ‘method and system for evaluating a loan’ Long lists of associated patents. If the programs are functioning as intended why do they need more of them? [link] [link] [link] [link] [link] GLB privacy regulations? Get out the old camera that added interesting lighting effects.

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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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Generics Player ANI Pharmaceuticals Strengthens Rare Disease Segment With $380M Alimera Sciences Deal

Benzinga

On Monday, ANI Pharmaceuticals Inc (NASDAQ: ANIP ) agreed to acquire Alimera Sciences Inc (NASDAQ: ALIM ) for $5.50 per share in cash and one non-tradable contingent value right (CVR) of up to $0.50 per share upon the achievement of certain net revenue targets in 2026 and 2027. ANI will also repay $72.5 million of Alimera debt. The transaction, which values Alimera at approximately $381 million in upfront consideration, has been approved by both the ANI and Alimera Boards of Directors and is exp

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How to start offering new advisory services in your firm

ThomsonReuters

This profitable shift not only opens up new revenue streams but also allows your firm to build deeper, more meaningful relationships with clients. If you’re wondering where to start, here’s a step-by-step guide on how to start offering advisory services at your firm. Jump to: 1. Set time aside to make the shift 2. Approach clients with new advisory services 3.

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Goldman Sachs names Hess chief to its board as it guides oil company sale

Financial Times M&A

Wall Street firm stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge

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Boeing Offers To Acquire Spirit Aerosystems In $35 Per Share Deal Funded Mostly By Stock: Report

Benzinga

Boeing Co. (NYSE: BA ) has proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE: SPR ) in a deal largely financed by stock, valuing the supplier at approximately $35 per share. What Happened : The proposed acquisition, which represents a 6% premium to Spirit’s stock price on Monday, is a shift from Boeing’s earlier all-cash offer, Bloomberg reported , citing people familiar with the matter.

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The UK high street will fall into ever fewer hands

Financial Times M&A

Consolidators such as Frasers and Next have significantly outperformed the wider market over the past year

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Paladin Energy Buys Fission Uranium For $833M, Expands Canadian Footprint

Benzinga

Australian uranium miner Paladin Energy (OTC: PALAD ) is acquiring Canadian Fission Uranium Corp (OTCQX: FCUUF ) for C$1.14 billion ($833 million) in an all-stock transaction. This transaction confirms the elevated mergers and acquisition trend amid a resurgence, with uranium prices doubling from an average of $50 per pound in 2023 to over $100 per pound earlier this year.

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Britvic should play hardball: no Fruit Shoots on the cheap for Carlsberg | Nils Pratley

The Guardian M&A

The J2O and Robinsons maker’s shares are on the rise – so it is well placed to hold out for a sweeter deal The omission in Carlsberg’s £3bn-plus takeover tilt for Britvic , the UK soft drinks firm behind Robinsons barley water, J2O, Tango and R White’s lemonade, has been resolved. The Danes, pursuing their “beyond beer” strategy, did not forget that PepsiCo could kill the whole adventure by yanking the UK bottling rights for Pepsi, 7Up and Lipton’s Ice Tea from Britvic under a “change of control

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Sonoco Spends Big: Shakes Up Metal Packaging with $3.9B Eviosys Deal

Benzinga

Sonoco Products Company (NYSE: SON ) shares are trading lower after the company inked an agreement to buy Eviosys for around EUR3.615 billion ($3.9 billion) on a cash-free, debt-free basis. Eviosys manufactures metal packaging, including food cans, ends, aerosol cans, metal closures, and promotional packaging, with the largest footprint in metal food can production across 44 facilities in 17 countries and employing about 6,300 people.

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Czechoslovak Group raises offer for US ammunition maker Kinetic to $2bn

Financial Times M&A

Prague-based company hopes to win politically charged takeover battle

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Squire Patton Guides PE Shop's Insurance Platform Deal

Law 360 M&A

European private equity shop Perwyn has said it will acquire specialist insurance platform Atec Group from rival buyout business Kester Capital to strengthen its stable of niche and non-standard products.

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Good Gets in the Way of Great

M&A Leadership Council

Hero-Driven M&A vs. Well-Performed M&A by Jack Prouty, Past President, M&A Leadership Council In our Art of M&A® training programs, one of the number one challenges listed by attendees is securing resources for the M&A effort. Specifically, there are not enough of them; they are untrained or unqualified; or they lack dedicated staff because MA&D is treated as a part-time job in addition to their normal job.

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Alleged Contract Killing Sparks Delaware Chancery Lawsuit

Law 360 M&A

Los Angeles biotech firm Renovaro Inc. has sued a former, purported scientific adviser and his husband in Delaware's Court of Chancery for damages tied to an assortment of fraudulent schemes allegedly shielded in part by a contract killing linked to a separate alleged international oil trading scam.

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Useful risk information

Norman Marks

This is going to be a longer post than normal, so please make sure you have the time to read and consider it. It includes not only a case study based on a real-life risk-based decision (as if some are not risk-based!

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Big Banks Face Potential Broader Recovery Plan Rules

Law 360 M&A

The Office of the Comptroller of the Currency's recent call for potentially subjecting more banks to recovery planning standards would represent a significant expansion of the scope of the recovery guidelines, and banks that would be affected should assess whether they’re prepared, say attorneys at Debevoise.

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Leader at accounting firm discusses trends and best practices regarding unclaimed wages

ThomsonReuters

Payroll professionals have a crucial role in identifying, tracking, and reporting unclaimed wages to prevent liability issues. As unclaimed property compliance evolves, with trends such as shorter dormancy periods and new property types like virtual currency and payroll cards, coordination across the organization is essential. This ensures that all relevant property types, beyond just payroll, are accurately reported to minimize potential audit concerns.

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McDermott Investors See Partial Cert. In $6B CB&I Deal Suit

Law 360 M&A

Investors in energy industry engineering company McDermott International Inc. saw part of their proposed investor class certified as a lead plaintiff is sought for a second subclass in litigation over the company's $6 billion acquisition of Chicago Bridge & Iron Company NV.

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RXO To Buy Coyote Logistics From UPS In Billion-Dollar Deal - What's On The Move?

Benzinga

RXO, Inc. (NYSE: RXO ) shares are trading higher after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE: UPS ) for $1.025 billion in cash. As per the terms, the transaction disclosed on Sunday will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis Investments, both significant shareholders of RXO.

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Anaplan Beats Chancery Suit Over $10.4B Thoma Bravo Deal

Law 360 M&A

A Delaware vice chancellor has tossed a consolidated suit alleging that former officers of Anaplan Inc. "squandered" roughly $400 million in shareholder value when agreeing to the company's $10.4 billion sale to private equity firm Thoma Bravo, saying the suit fails because the stockholders approved the transaction through an informed and uncoerced vote.

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MGM's LeoVegas Hits The Jackpot, Acquires Tipico's U.S. Sportsbook And Online Casino

Benzinga

MGM Resorts International (NYSE: MGM ) shares are trading slightly higher in premarket today. The entertainment company announced that its subsidiary, LeoVegas Group, has agreed to acquire the U.S. sportsbook and online casino platform from Tipico Group Ltd. This strategic move marks LeoVegas’ second major investment, following its acquisition of game developer Push Gaming in 2023.

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Judge Recommends Tossing VW Supplier's Antitrust Case

Law 360 M&A

A magistrate judge has recommended that a Texas federal court toss a suit accusing Volkswagen of maintaining an illegal stranglehold over its suppliers after the Fifth Circuit told the court to consider if the dispute should be litigated in Germany instead of the U.S.

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