Harvard Corporate Governance

AUGUST 16, 2024

Posted by Lynn Linghuan Wang (HKU Business School), on Friday, August 16, 2024 Editor's Note: Lynn Linghuan Wang is a Professor of Accounting and Law at HKU Business School. This post is based on an article recently published in The Accounting Review by Professor Wang, Professor Thomas Bourveau , Professor John D. Kepler , and Professor Guoman She. A long literature examines the role of firms’ voluntary disclosures in facilitating monitoring and valuation by capital providers or withholding pub

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Mckinsey and Company

AUGUST 16, 2024

Service organizations that are early generative AI adopters are finding that to capture more value, they need to get more disciplined.

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Harvard Corporate Governance

AUGUST 16, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 16, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 9-15, 2024 A Proposal For Improving Trust In The Special Litigation Committee Process Posted by Mark Richardson (Labaton Keller Sucharow LLP) and Joel Fleming (Equity Litigation Group LLP), on Friday, August 9, 2024 Tags: Court of Chancery , SLC , Stockholder , Zapata Significant Amendments to th

Finance 100

Finance Equity 100

Benzinga

AUGUST 16, 2024

Gold mining companies are ramping up M&A activity as record gold prices boost the free cash flow they can use to make deals. As older mines become depleted and mining costs rise, quickly adding ounces in the ground is tempting, but it also adds the risk of paying too much or having trouble incorporating assets. In the latest merger in the gold mining sector, Gold Fields Ltd.

Dividends 111

Dividends Banking Equity Marketability 111

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

Global Finance

AUGUST 16, 2024

The rattled corporation faces a rocky road through a wide-ranging restructuring, but some analysts see a more competitive company emerging. Century-old global mining-and-metals conglomerate Anglo American plc has been on a roller coaster since the end of May, when it dramatically cut off merger talks with rival BHP and instead announced a sweeping restructure of its portfolio.

Banking 105

Banking Equity Finance Marketability 105

Law 360 M&A

AUGUST 16, 2024

In this week's Taxation with Representation, Mars Inc. sets a 2024 record with its $36 billion acquisition of Kellanova, Carlyle inks a $3.8 billion purchase with Baxter International Inc., and Performance Food Group Co. agrees to a $2.1 billion cash deal with Cheney Bros. Inc.

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Law 360 M&A

AUGUST 16, 2024

In its recent Loper Bright, Corner Post and Jakesy decisions, the U.S. Supreme Court fundamentally changed the Administrative Procedure Act in ways that undermine Congress and the executive branch, shift power to the judiciary, curtail public and business input, and create great uncertainty, say Alene Taber and Beth Hummer at Hanson Bridgett.

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Appraisers Blog

AUGUST 16, 2024

Might it be illegal for AMCs demanding appraisers not to include invoices? Especially in states that require fee disclosure? Could we have been blinded all this time?

Appraisal 98

Appraisal 98

Mckinsey and Company

AUGUST 16, 2024

Transformations, when done right, can enable midmarket companies to unleash their full potential.

Corporate Finance 124

Corporate Finance Finance 124

Appraisers Blog

AUGUST 16, 2024

NY State requires full disclosure; disclose what the appraiser gets paid, disclose what the AMC retains. When this first became a requirement the AMC’s went crazy, some still do, threatening not to send me any assignments if I include an invoice, my software picks up on the word INVOICE so I change it up by using an addendum page titled Payment Information…still full disclosure without the automated review picking up on the wicked wicked invoice.

Appraisal 93

Appraisal 93

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

Mckinsey and Company

AUGUST 16, 2024

What do the world’s most successful leaders have in common? They never stop learning. Former Yum! Brands CEO David Novak reveals the habits of those at the top to inspire your own journey.

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Appraisers Blog

AUGUST 16, 2024

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

Appraisal 98

Appraisal 98

Benzinga

AUGUST 16, 2024

B. Riley Financial, Inc. (NASDAQ: RILY ) shares are trading higher after the company, in a 13D filing, disclosed that co-founder Bryant R. Riley wrote a letter to the Board of Directors with a proposal to acquire all shares of common stock that he does not own for a price of $7 per share. Riley is the largest stockholder of B. Riley Financial, owning approximately 24% of the company’s outstanding common stock.

Equity 69

Equity Marketability 69

Appraisers Blog

AUGUST 16, 2024

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

Appraisal 98

Appraisal 98

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

Benzinga

AUGUST 16, 2024

Medical Properties Trust, Inc. (NYSE: MPW ) — also known as MPT — recently concluded the disposition of 11 freestanding emergency department (FSED), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health ("UCHealth") for $86 million. The move is in line with the company's capital-recycling strategy.

Marketability 59

Marketability 59

Appraisers Blog

AUGUST 16, 2024

In reply to Joseph. Every instance of such behavior should be sent documented to your state board. The regulators at every level are asleep at the wheel. All any of them ever needed to do is issue audits, request company policy documents, or step in there with an actual appraiser to document the ongoing illegal behavior. Out in the open for decades.

Appraisal 89

Appraisal 89

Benzinga

AUGUST 16, 2024

Adding Synovus Financial Corp. (NYSE: SNV ) stock to your portfolio seems to be a wise idea now. Supported by strong fundamentals, the company is well poised for growth. The Zacks Consensus Estimate for SNV's 2024 earnings has been revised 4.9% upward in the past 30 days, indicating that analysts are optimistic regarding its earnings growth potential.

Marketability 59

Marketability 59

Appraisers Blog

AUGUST 16, 2024

In reply to Baggins. FRISCO Lender Services has both fees on their LOE and are very fair in their fees. The ONLY AMC I’ve seen doing this and I hear from most of them working a rural area.

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Mogin Rubin M&A

AUGUST 16, 2024

Written by Jonathan Rubin, Partner and Co-Founder of MoginRubin LLP -- Earlier this month I wrote about the decision in United States v. Google , which I was not alone in calling a significant victory for the Department of Justice’s Antitrust Division and various state attorneys general. They successfully argued that Google has exercised anticompetitive practices -- such as exclusive deals with smartphone manufacturers, browser developers, and wireless services -- to maintain its dominant positi

Marketability 59

Marketability Mergers & Acquisitions 59

Sun Acquisitions

AUGUST 16, 2024

Mergers and acquisitions (M&A) transactions are complex undertakings involving many legal considerations and potential hurdles. From negotiating deal terms to conducting due diligence and securing regulatory approvals, the legal aspects of M&A play a crucial role in the success or failure of the transaction. This article will overview the key legal considerations in M&A transactions, common legal hurdles, and strategies for navigating them effectively.

Compliance 59

Compliance Mergers & Acquisitions 59

Benzinga

AUGUST 16, 2024

Roper Technologies, Inc. (NASDAQ: ROP ) has agreed to acquire Transact Campus, Inc. for a net purchase price of $1.5 billion, which includes a $100 million tax benefit from the transaction. The net purchase price is about 14 times the projected 2025 EBITDA, the company said on Thursday. Transact provides campus technology and payment solutions and offers services like campus ID software, tuition payment processing, and point-of-sale systems.

EBITDA 59

EBITDA Technology Equity 59

Law 360 M&A

AUGUST 16, 2024

A former Romeo Power Inc. stockholder has launched a double derivative suit seeking derivative damages from nine former Romeo directors and officers in part through derivative claims via Nikola Corp., which acquired Romeo in August 2022 for a fraction of the company's once $1 billion-plus valuation.

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Auto Dealer Valuation Insights

AUGUST 16, 2024

When RIA owners can’t agree on the appropriate price for a shareholder buyout, we’re often jointly retained to value the departing member’s interest in the business pursuant to a buy-sell agreement. Whether we’ve been court-appointed or mutually chosen by the parties to do the project, we’ve done enough of these over the years to learn that the process matters as much as the outcome.

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Law 360 M&A

AUGUST 16, 2024

Burger King investors filed a Delaware Court of Chancery lawsuit Friday seeking a look at the burger chain's books and records on the merger with its parent company, Restaurant Brands International Inc., arguing the information is necessary to confirm whether the deal was fair.

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Auto Dealer Valuation Insights

AUGUST 16, 2024

The oil and gas industry is constantly changing, with a lot of moving parts and financial complexities. Accurate valuation of assets within this sector is critical for making informed strategic decisions. At Mercer Capital, we have cultivated a deep understanding of the oil and gas industry through decades of experience.

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Law 360 M&A

AUGUST 16, 2024

The Fifth Circuit agreed with the Federal Trade Commission and tossed an early appeal from U.S. Anesthesia Partners in the agency's case accusing the group of monopolizing the Texas anesthesiology market through a "roll-up" strategy.

Marketability 52

Marketability 52

Benzinga

AUGUST 16, 2024

Alibaba Group Holding Limited (NYSE: BABA ) fintech affiliate Ant Group is reportedly in talks to acquire the Chinese online healthcare platform Haodf.com. The Jack Ma-backed fintech company aims to integrate its technology with Haodf.com which provides online consultations with doctors, Bloomberg cites familiar sources. China’s chronic and autoimmune drug market is projected to grow at a compound annual growth rate of 27%, potentially reaching $20 billion by 2030, with AI likely playing a

Technology 52

Technology Marketability 52

Law 360 M&A

AUGUST 16, 2024

Private equity firm EQT said Friday that it has agreed to acquire Singapore-based online real estate search company PropertyGuru for $1.1 billion, in a transaction advised by Latham & Watkins LLP, Ropes & Gray LLP and Freshfields Bruckhaus Deringer LLP.

Private Equity Firm 52

Private Equity Firm Equity 52

Scott Mashuda

AUGUST 16, 2024

The Current Economic Climate:Will Interest Rates Come Down? In recent years, lower middle market business owners have faced unprecedented challenges. Among these, sustained inflation has emerged as a critical factor, especially for those considering mergers and acquisitions (M&A). The U.S. Consumer Price Index (CPI) has shown significant inflationary trends, with implications that ripple through the entire M&A landscape.

Business Valuation 52

Business Valuation Marketability EBITDA 52

Law 360 M&A

AUGUST 16, 2024

Life sciences tools company Avantor Inc., advised by Arnold & Porter Kaye Scholer LLP, on Friday announced plans to sell its clinical services business to Ropes & Gray LLP-advised Audax Private Equity for $650 million.

Equity 52

Equity 52

Benzinga

AUGUST 16, 2024

PropertyGuru Group Limited (NYSE: PGRU ) shares are trading higher after the company announced a merger agreement with affiliates of BPEA Private Equity Fund VIII Limited, part of EQT AB , in an all-cash transaction valued at about $1.1 billion. Under the terms, each PropertyGuru ordinary share will be canceled and converted into a cash payment of $6.70 per share, excluding certain shares, with no interest.

Equity 52

Equity 52

Law 360 M&A

AUGUST 16, 2024

A London-listed blank check company said Friday that it will be delisting its shares from the London Stock Exchange on Aug. 19 after its $1.85 billion acquisition of U.S.-based Acuren completed in less than 15 months after floating publicly.

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Trout CPA

AUGUST 16, 2024

Starting January 1, 2024, the Corporate Transparency Act (CTA) requires certain entities to disclose beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN). This is separate from tax filings with the IRS. Entities required to report include any entity created by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe (i.e., Limited Partnership, Limited Liability Partnership, Limited Liability Company, Corpora

Start-ups 52

Start-ups Business Valuation 52

Law 360 M&A

AUGUST 16, 2024

Petroleum company Diversified Energy said Friday that it has completed the $106 million acquisition of natural gas assets in eastern Texas from Crescent Pass Energy LLC in a move that increased its footprint in the central U.S.

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