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Posted by Jonathan H. Gaines, David S. Rosenthal, and Christopher Soares, Dechert LLP, on Friday, May 26, 2023 Editor's Note: Jonathan H. Gaines and David S. Rosenthal are Partners and Christopher Soares is an Associate at Dechert LLP. This post is based on their Dechert memorandum. Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; The Law and Economics of Blockholder Disclosure (
Bunge Ltd (NYSE: BG ) and Glencore Plc's (OTC: GLNCY ) Viterra grains division reportedly discuss a merger. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms, reported Reuters , citing a person familiar. Full story available on Benzinga.
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.
Mayer Brown's New York staff is close to wrapping up its second annual mentorship program, where they pair an attorney and a non-attorney staff member with a young person to offer career guidance as part of its partnership with Children's Village.
When it comes to implementing large-scale organizational change, the most successful organizations commit themselves fully to the effort from start to finish.
It gets better. Because when you can’t actually pull off detailed comprehensive descriptions and analysis of market value conditions associated with real property, just ask chat gpt your inquiry question and let the artificial intelligence fill out the appraisal report. Dustin beat me to it, of course he did. Because if there is a way to game the system and cheat other people out of their hard working efforts, that guy will find a way.
It gets better. Because when you can’t actually pull off detailed comprehensive descriptions and analysis of market value conditions associated with real property, just ask chat gpt your inquiry question and let the artificial intelligence fill out the appraisal report. Dustin beat me to it, of course he did. Because if there is a way to game the system and cheat other people out of their hard working efforts, that guy will find a way.
Three years after the onset of the coronavirus pandemic, the hospitality industry, like others, is still recovering. Though 2022 saw some significant growth with a public eager to travel for leisure, particularly to locations offering unique experiences, the pandemic has markedly changed business travel patterns and consumer behavior. An ongoing labor shortage and emerging competition from resort hospitality locations have further strained some hospitality markets still adapting to shifting cons
When a California federal judge sanctioned Google earlier this year for deleting internal chats, federal antitrust enforcers took the opportunity to remind companies that discovery obligations for government merger and conduct investigations don't end with email.
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
When companies look at risk, they may follow the conventional formula “Risk = Probability x Impact.” While this approach isn’t incorrect and is in common use across industries, it’s probably more accurate to view risk as: Here’s why: any organization can have a risk that’s low probability, but high impact — often referred to as “tail risks.” If a tail risk occurs, what will matter most is the resilience of the organization — how quickly you can bounce back and continue normal operations.
Attorneys for former CBS Corp. stockholders are seeking more than $45 million in fees for their work on a $167.5 million settlement to end class litigation over alleged damages arising from the company's $30 billion merger in 2019 with Viacom Inc., the attorneys told the Delaware Chancery Court in a stipulation filed Friday.
Right now, the restaurant industry is experiencing a period of growth, resulting in numerous transactions within the market. This favorable climate presents an opportunity for those looking to buy , sell , or expand their restaurant business. However, securing funding for such endeavors can prove to be challenging. Fortunately, SBA loans specifically tailored for restaurant businesses can be a useful resource.
Shareholder activism campaigns seem to come in bunches, and there's been more than a bunch this month, with companies including Yelp, Goodyear, Illumina and Freshpet among those under attack. Here, Law360 breaks down some of May's key activist investor drives, most of which have been filled with tension and are still ongoing.
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.
Selling the business you built from the ground up is a bittersweet experience. Many business owners focus their efforts on growing their business and push planning for their eventual exit aside until it can’t be ignored any longer. While this delay may only prove mildly detrimental to deal proceeds in other industries, in the investment management space, very few buyers will be interested in YOUR.
The Federal Trade Commission is seeking to block Amgen's acquisition of Horizon, alleging that, if consummated, the deal would violate Section 7 of the Clayton Act — but this may be the first merger complaint in a generation that could be dismissed for failing to state a claim, say William MacLeod and David Evans at Kelley Drye.
In our Spotlight on Success series, Rob Zunt, VP of Internal Audit and Bambi Gifford, Manager of Internal Audit at U.S. Xpress , share how they leverage AuditBoard’s connected risk platform across multiple teams to gain visibility into risk across the business. Headquartered in Chattanooga, Tennessee, U.S. Xpress is the fifth-largest asset-based trucking company in the United States, providing a vital link in the supply chain with a portfolio of capacity solutions including an established Dedica
A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Cooley LLP and Latham & Watkins LLP.
Pure Extracts Technologies Corp. (OTCPK:PRXTF) (CSE:PULL) (XFRA:A2QJAJ) has entered into a definitive business combination agreement dated May 1, 2023 with PL Healthcare Management Ltd. and 1411062 B.C. Ltd. ("subco"), a wholly-owned subsidiary of the company, pursuant to which the company will acquire all of the issued and outstanding shares of PLM.
The past week in London has seen the U.K.'s former health secretary Matt Hancock sued for libel by a Reclaim Party MP, a London housing developer build a claim against law firm Eversheds Sutherland, and F1 team McLaren start its engines in legal proceedings against its Swedish sponsor. Here, Law360 looks at these and other new claims in the U.K.
No matter what business you are in, we all know that life becomes much easier when we have our finances in order. Whether preparing for Tax season, doing an audit, or ensuring that your business is operating at its highest potential, having accountable financials is vital. This becomes especially true when you are trying to sell your business. Not only do your financials need to make sense to you, but they need to be as attractive as possible to potential buyers.
Microsoft's appeal of an order from Britain's competition enforcer blocking its planned $68.7 billion takeover of Activision Blizzard will focus on the makeup of the cloud gaming market and its commitment to keep providing games to rivals, according to a summary published Friday.
A question I am asked frequently is: Can this business be valued? I have written multiple blogs recently on various scenarios including: Then I realized there is another category of business: businesses that are worth more closed than continuing to operate. This does not necessarily mean the business is not profitable. The business is typically […] The post Wait, there’s more.
EnBW Energie Baden-Württemberg AG, a German energy supply company, on Friday announced that it sold a nearly 25% minority stake in TransnetBW, its subsidiary and the transmission system operator, to a consortium of buyers that includes more than 30 banks, insurance companies and corporations.
Due to increased housing starts and growing disposable income, the lumber and building material store industry is experiencing healthy growth. As disposable income continues to rise, we may see an increase in home improvement activities. This could boost the demand for lumber and building material stores. However, this industry faces intense competition from home improvement retailers.
Thursday, Medtronic Plc (NYSE: MDT ) agreed to acquire Korea-based EOflow Co Ltd, manufacturer of the EOPatch device — a tubeless, wearable, and fully disposable insulin delivery device. The total consideration would be KRW 971 billion ($738 million). William Blair writes that the announcement is not expected to impact Insulet Corporation (NASDAQ: PODD ) in the near and medium term.
ATLANTA--(BUSINESS WIRE)--Sisecam Resources LP (“Partnership” or “Sisecam”) (NYSE: SIRE) and Sisecam Chemicals Resources LLC (“SCR”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated as of February 1, 2023 (the “Agreement”) by and among the Partnership, Sisecam Chemicals Newco LLC, Sisecam Resource Partners LLC, and Sisecam Chemicals Wyoming LLC (“SCW”), a wholly-owned subsidiary of SCR, was completed on May 26, 2023.
Eastman Chemical Resins Inc. has agreed to pay $2.4 million to settle allegations that its Pennsylvania manufacturing facility — purchased in a $1 billion acquisition by U.K.-based manufacturer Synthomer last year — engaged in "chronic" Clean Water Act violations, including excessive discharge of pollutants into the Monongahela River, according to the U.S.
NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) -- Wave Sync Corp. (the "Company" or "Wave") (OTC: WAYS ), today announced that it has entered into a letter of intent (the "LOI") with Aiways Pacific Asia Inc., a target company (the "Target Company"), for a potential business combination (the "Acquisition"). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Acquisition.
ConocoPhillips will pay $3 billion to purchase the remaining 50% interest in the Surmont Canadian oil site, currently owned by TotalEnergies petroleum company, possibly terminating a previously announced deal between TotalEnergies and Suncor Energy.
HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 fourth quarter, ended March 26, 2023. Fourth-Quarter and Full Fiscal Year 2023 Financial Highlights (all from continuing operations): Fiscal year 2023 revenues increased by 8% and gross profit grew by 17%; fiscal 2023 revenues of $452 million, within guidance range Fiscal year 2023 net loss of $4.
An Arizona federal judge tossed a proposed class action accusing Raytheon of misleading shareholders about its accounting and financing controls, saying the shareholders failed to connect a federal criminal subpoena into the defense company to any of its alleged misconduct.
Chicago, May 26, 2023 (GLOBE NEWSWIRE) -- The global Physical Security Market size is expected to grow from USD 102.7 billion in 2021 to USD 140.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.4% from 2021 to 2026, according to a new report by MarketsandMarkets™ Physical security provides various benefits such as security from breach, etc.
Albertsons Cos. Inc., The Kroger Co. and private equity firm Cerberus Capital Management LP all urged a California federal court to throw out a challenge to the two grocers' $25 billion merger deal, harshly criticizing the case brought by a group of customers claiming the deal is anti-competitive.
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