Harvard Corporate Governance

JULY 31, 2024

Posted by Heidi Welsh, Sustainable Investments Institute, on Wednesday, July 31, 2024 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute (SI2). This post is based on her recent Si2 memorandum. Shareholder proponents who do not support limiting corporate environmental impacts, promoting diversity, or providing investors with more ESG disclosure flooded this year’s corporate annual meeting agendas.

Equity 287

Equity 287

Value Scope

JULY 31, 2024

FedScope, Vol. 24 No. 7 By: Thomas Rizzo US Economy: Inflation The Consumer Price Index (CPI), a key inflation gauge, rose 3.0% year over year in June, down from 3.3% in May. Economic Growth: Real Gross Domestic Product (GDP), increased at a 2.8% annual rate in the second quarter of 2024, which was greater than the 2.1% expected. Labor Market: Monthly job growth remains strong, unemployment has increased to 4.1% in June, and job openings have fallen slightly to 8.2 million.

Marketability 130

Marketability 130

Harvard Corporate Governance

JULY 31, 2024

Posted by Robin E. Wechkin, Sidley Austin LLP, on Wednesday, July 31, 2024 Editor's Note: Robin E. Wechkin is Counsel at Sidley Austin LLP. This post is based on her Sidley memorandum and is part of the Delaware law series ; links to other posts in the series are available here. In Barbey v. Cerego, Inc., the Delaware Supreme Court affirmed a post-trial judgment denying relief to the plaintiffs in a Section 225 action, despite what the court called the “unusual and troubling circumstances of

122

122

Mckinsey and Company

JULY 31, 2024

Cooperation from all stakeholders can drive Iberian decarbonization through electrification and renewables deployment. Here we discuss the ambition, challenges, and potential unlocks for Spain.

141

141

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

Harvard Corporate Governance

JULY 31, 2024

Posted by Klaus J. Hopt (Max Planck Institute) and Susanne Kalss (Alpen-Adria-University Klagenfurt), on Wednesday, July 31, 2024 Editor's Note: Klaus J. Hopt is Emeritus Director at the Max Planck Institute of Comparative and International Private Law, and Susanne Kalss is Professor of Law at Alpen-Adria-University Klagenfurt. This post is based on their working paper.

Start-ups 112

Start-ups Marketability 112

Mckinsey and Company

JULY 31, 2024

Productivity in biopharmaceutical R&D has slumped for a decade or more. We propose a recipe for sustainable, value-creating innovation, even in the face of strengthening industry headwinds.

124

124

Law 360 M&A

JULY 31, 2024

As it warned would be the case, Live Nation is telling a New York federal judge that it has no in-house counsel that will be able to meet his rules on counsel access to highly confidential material in the U.S. Department of Justice's antitrust suit against the live events company.

98

98

Global Finance

JULY 31, 2024

Facing looming 5G spectrum financing and rock-bottom data prices, Vodafone gets creative with alternative funding options. Numerous Indian companies and multinational subsidiaries in India are heading for IPOs in the next few months, as funding capital projects amid India’s infrastructure boom takes precedence over other corporate finance activities.

Corporate Finance 116

Corporate Finance Finance Equity Marketability 116

Law 360 M&A

JULY 31, 2024

Faced with fierce competition and rising operating costs, firms are feeling the pressure to build a well-oiled marketing and business development team that supports strategic priorities, but they’ll need to be flexible and creative given a tight talent market, says Ben Curle at Ambition.

Marketability 98

Marketability 98

Mckinsey and Company

JULY 31, 2024

Most emissions captured in the average retailer’s Scope 3 metric are generated via product value chains. These value chains can be decarbonized—but only with targeted multistakeholder actions.

95

95

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

Law 360 M&A

JULY 31, 2024

Discover Financial Services told investors on Wednesday that it could face $200 million in potential regulatory penalties over its past "misclassification" of certain credit card accounts, an issue that's also led to class action litigation and other scrutiny for the card giant.

97

97

Appraisers Blog

JULY 31, 2024

Well written and I agree with 99.9% of what you have written. What I question is – doesn’t the initial fee to the borrower come from the lender? It’s seems to me that the lenders should be sharing the blame along with AMCs. I want to applaud you, specifically, on the bit about appraisers being afraid to speak up/out unless it’s anonymous for fear of their livelihood.

Appraisal 97

Appraisal 97

Mckinsey and Company

JULY 31, 2024

Harvard University professor Cass Sunstein explores the nature of culture markets, popularity, and fame—who wants it, who gets it, and how.

Marketability 85

Marketability 85

Appraisers Blog

JULY 31, 2024

AMC’s were never “well intentioned” They knew what they were doing from the get-go. Thanks to our little buddy Cuomo in New York, lenders can own AMC’s. Now, by its very nature, a lender owning an AMC and making profit off of an appraiser’s back is a fraud on the American public. Oh, they’re supposed to be neutral?

Appraisal 97

Appraisal 97

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

Redpath

JULY 31, 2024

Saint Paul, Minnesota (July 31, 2024 ) - Redpath and Company (Redpath) was announced as a winner of the 15th Annual International M&A Awards presented by The M&A Advisor in the Corporate/Strategic Deal of the Year category for deals ranging from $50M to $100M. The winners will receive their awards onstage at a Black-Tie Gala on Tuesday, September 24, in New York City.

67

67

Appraisers Blog

JULY 31, 2024

We have no voice in this. No one has looked after our interest because we’re 70,000 individuals. They starve us and pick us off one by one. A starving dog will eat scraps.

96

96

Financial Times M&A

JULY 31, 2024

Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy

96

96

Appraisers Blog

JULY 31, 2024

Sorry to bring this up, but you young/younger appraisers here might believe that some day things will get better if you just keep believing. I’ve been doing this 41 years and they’ve only gotten worse. There have been interludes of good times, but they are too brief. The propagandists, including appraisers, will tell you that if you just do this or that, work harder and longer for lesser fees, take another course, integrate DEI, find another matched pair, just push value on this one

Appraisal 96

Appraisal 96

Sun Acquisitions

JULY 31, 2024

Chicago, IL – July 31, 2024—Oasis Painting & Renovation, a leading Chicago-based provider of residential renovation and maintenance services, has successfully transitioned ownership under the guidance of Sun Acquisitions, to strategic acquirer NuEra Enterprises. Oasis Painting & Renovation, a family-owned business, has served the apartment and property management industry for over three decades.

Mergers & Acquisitions 59

Mergers & Acquisitions Marketability 59

Appraisers Blog

JULY 31, 2024

Well done! The only thing that I think needs to be added is the LENDER’S part in all of this. AMCs are not required, and the Lenders are failing to do their due diligence and Audit their vendors (AMCs) Lenders are also responsible and need to be held accountable.

Appraisal 96

Appraisal 96

Benzinga

JULY 31, 2024

After years of operations marred in controversy , Boeing Co (NYSE: BA ) announced the hire of a new chief executive on Wednesday, replacing the outgoing Dave Calhoun. What Happened: Boeing has faced years of widespread criticism following two crashes of its 737 Max and the fleet’s subsequent grounding. The cacophony of criticism multiplied following safety incidents in 2024 , a lawsuit against the company by the U.S.

Equity 59

Equity 59

Appraisers Blog

JULY 31, 2024

Well done Desiree! Relating to appraisal fee transparency, its also important for the powers to be to understand that even if an AMC is not used by the client we are often charged 5 to 12% for so called technology, platform, or review fees. Meaning, in the case of United Wholesale Mortgage, when they say they pay $555 for a typical appraisal (in San Diego / most expensive city in the US), the actual net to the appraiser is $493.6.

Appraisal 95

Appraisal Technology 95

Brian DeChesare

JULY 31, 2024

If you ever tire of the hype around tech, industrials private equity might be an ideal hiding spot. Industrials PE has been around for a long time and has always been seen as “stable but boring.” Some would even argue that the first “leveraged buyout” of all time – J.P. Morgan’s acquisition of Carnegie Steel in 1901 – was an industrials private equity deal.

Equity 59

Equity Private Equity Firm EBITDA Start-ups 59

Appraisers Blog

JULY 31, 2024

Perfect Desiree. I made the same decision not to work for any AMC and am happier than ever with the job. Private work can be a well paid job with a great deal of client appreciation. It’s a disgrace this hasn’t been stopped by now. Public Trust is a joke these days and no one seems to care. Good job. Thanks for the time and spreading the truth!!!

95

95

Sun Acquisitions

JULY 31, 2024

Sun Acquisitions, a prominent mergers and acquisitions firm in Chicago, is thrilled to announce the successful sale of Chain O’ Lakes Transportation, a provider of alternative transportation solutions, to strategic acquirer JW Chicago. JW currently operates similar transportation operations in the northeast. Established in 2009, Chain O’ Lakes Transportation was born from the founder’s vision of providing reliable and compassionate transportation for special needs students.

Marketability 59

Marketability 59

Appraisers Blog

JULY 31, 2024

Good exposure. However, how does this impact or adjust the appraisal fee beyond what appraisal companies or appraisers are willing to accept? While this information is valuable and necessary for consumer disclosure, we must be realistic—the paying party of the appraisal is primarily concerned with the overall fee, not the breakdown of where the fee goes.

Appraisal 95

Appraisal 95

Law 360 M&A

JULY 31, 2024

A Florida jury has awarded Perry Ellis $8.3 million after finding that United Legwear Co. purposely depressed the value of Perry Ellis' Pro Player brand under a licensing agreement to avoid paying fair market value when it purchased the brand later.

Fair Market Value 52

Fair Market Value Marketability 52

Appraisers Blog

JULY 31, 2024

In reply to Pray Hard. Young appraiser here… We are not optimistic. We see the writing on the wall and know that this is not a promising profession. There’s too much money and influence outside of the profession, which continues to suffocate new appraisers. I think the larger AMCs will lock step with FNMA and push out the remaining ethical appraisers when they release new forms that will require more time, money, and analysis, but offer less compensation for the product so they can k

Appraisal 94

Appraisal 94

Law 360 M&A

JULY 31, 2024

Delaware's Supreme Court on Wednesday upheld dismissal of a post-sale stockholder representative suit challenging denial of accelerated, post-closing "earnout" payments after the merger of Edwards Lifesciences and Valtech Cardio Ltd., rejecting a stockholder bid to introduce post-appeal developments.

52

52

Appraisers Blog

JULY 31, 2024

HA HA HA, The worm is turning. I just kicked up my bids a hundred bucks. I haven’t been making any money for a long time. I could have made more money mowing grass.

94

94

Law 360 M&A

JULY 31, 2024

A venture capital firm that sued for an appraisal of its investment in FairXchange Inc. is entitled to $10.42 per share, the same as the $330 million deal price that Coinbase Global Inc. offered when it bought the securities exchange startup in 2022, a Delaware vice chancellor ruled Tuesday.

Appraisal 52

Appraisal 52

Appraisers Blog

JULY 31, 2024

Damn well done!! Thanks for the HUGE EFFORT!!! How do we forward it to the CFPB? If they would (CFPB) screwed with TRID we wouldn’t be in this excrement.

95

95

Law 360 M&A

JULY 31, 2024

Parties to a Delaware Court of Chancery stockholder suit that challenged a $1.35 billion take-public "blank-check" company merger with Florida-based digital health manager UpHealth Inc. have reached a $7.25 million settlement of all claims, pending court approval, according to an agreement filed Tuesday.

52

52

Appraisers Blog

JULY 31, 2024

AMCs exploit consumers' lack of knowledge by charging exorbitant prices for appraisals while concealing the true cost from borrowers.

Appraisal 96

Appraisal 96