Harvard Corporate Governance
OCTOBER 2, 2024
Posted by Tahmid Ali, FW Cook, on Wednesday, October 2, 2024 Editor's Note: Tahmid Ali is a Consultant at FW Cook. This post is based on a FW Cook memorandum by Mr. Ali, Matt Lum , and Zachary Clarke. EXECUTIVE SUMMARY FW Cook’s 2024 Director Compensation Report studies non-employee director compensation at 300 companies of various sizes and industries to analyze market practices in pay levels and program structure.
Mckinsey and Company
OCTOBER 2, 2024
US micro-, small- and medium-size enterprises, like their global counterparts, struggle with productivity. But a win–win economic fabric connecting all businesses can maximize their potential.
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Harvard Corporate Governance
OCTOBER 2, 2024
Posted by Attila Balogh (University of Melbourne) and Scott E. Yonker (Cornell University), on Wednesday, October 2, 2024 Editor's Note: Attila Balogh is an Assistant Professor of Finance at the University of Melbourne and Scott E. Yonker is a Professor of Finance at the Cornell University SC Johnson College of Business. This post is based on their recent paper.
Mckinsey and Company
OCTOBER 2, 2024
Optimists, pessimists—who’s right? New research breaks down the physical realities slowing our progress toward net zero: what’s simpler, what’s tough, and what’s vital to transforming our energy system successfully.
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.
Harvard Corporate Governance
OCTOBER 2, 2024
Posted by Andrew Ceresney, Arian June, and Julie Riewe, Debevoise & Plimpton LLP, on Wednesday, October 2, 2024 Editor's Note: Andrew Ceresney , Arian June , and Julie Riewe are Partners at Debevoise & Plimpton LLP. This post is based on their Debevoise memorandum. On September 9, 2024, the Securities and Exchange Commission (the “SEC”) announced settled enforcement actions against seven public companies for Rule 21F-17(a) violations.
Benzinga
OCTOBER 2, 2024
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI ) is set to enhance its retail footprint following the acquisition of seven former Big Lots store leases won through a recent bankruptcy auction. This acquisition comes as part of the ongoing restructuring efforts of Big Lots, which included the closure of 143 stores. Details of OLLI's Acquisition of 7 Big Lots' Stores Of the seven stores, Ollie's Bargain has received the final clearance and approval for six stores from the Unit
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Benzinga
OCTOBER 2, 2024
Canadian regulators put Paladin Energy ‘s (OTC: PALAD ) acquisition of Fission Uranium (OTCQX: FCUUF ) under review, citing national security concerns. What Happened: Paladin Energy agreed in June to acquire Fission Uranium for CAD 1.14 billion ($846 million). The Subiaco, Australia-based miner looked to capitalize on rising uranium prices by consolidating assets.
Appraisers Blog
OCTOBER 2, 2024
In reply to Douglas Miller. Yes, not only do you have to change the effective date, you have to create a new appraisal file. Now FHA is an intended user/client so it is a new assignment. Don’t forget to also reference the first appraisal in the 3 year history.
Law 360 M&A
OCTOBER 2, 2024
Paul Weiss Rifkind Wharton & Garrison LLP-led Altor Equity Partners on Wednesday announced that its Altor Fund VI has nabbed a "significant majority" stake in hockey stick maker CCM Hockey.
Benzinga
OCTOBER 2, 2024
Arcosa, Inc. (NYSE: ACA ) recently acquired the construction materials business of Stavola Holding Corporation and its affiliated entities (Stavola) for $1.2 billion. This apart, ACA completed the previously announced sale of its steel components business on Aug. 16, 2024. Buyout Synergies The acquisition was funded with a $600 million 6.875% Senior Note issuance (due 2032), which closed on Aug. 26, 2024, and a pre-payable $700 million variable-rate senior secured Term Loan B Facility (due 2031)
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
Law 360 M&A
OCTOBER 2, 2024
The Delaware Court of Chancery's tendency to interpret earnout provisions precisely as written, highlighted in two September rulings that found buyers breached their shareholder obligations when they failed to make reasonable efforts to hit certain product development milestones, demonstrates the paramount importance of precisely wording these agreements, say attorneys at Fried Frank.
Auto Dealer Valuation Insights
OCTOBER 2, 2024
Last week, Mercer Capital conducted our annual firm-wide meeting at the Peabody Hotel in Memphis. It is a 14-year tradition where employees travel from all offices to get together and discuss the state of the business and the industry as a whole. It seems simple, but the gathering highlights something far more important: communication matters.
Benzinga
OCTOBER 2, 2024
Utility companies—those that provide electricity, water, natural gas, and other essential services for residential and commercial customers—have had a banner year. The benchmark Utilities Select Sector SPDR Fund (ARCA: XLU) has climbed by about 31% in the last year, with the bulk of those gains having occurred in the last six months. Many investors have flocked to utility stocks in recent months in anticipation of the Federal Reserve's first rate cut in several years, which was c
Law 360 M&A
OCTOBER 2, 2024
Debevoise & Plimpton LLP has boosted its New York office with a veteran mergers and acquisitions attorney who recently worked as chief product officer at legal-focused artificial intelligence company Harvey.
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.
Benzinga
OCTOBER 2, 2024
PepsiCo, Inc. (NASDAQ: PEP ) benefits from strength in core categories, diversified portfolio, modernized supply chain, improved digital capabilities and flexible go-to-market distribution systems. In the latest revelation, the company has agreed to buy Garza Food Ventures LLC, dba Siete Foods (Siete), worth $1.2 billion. More on PEP's Latest Transaction Founded 10 years back, Siete offers Mexican-American food.
Law 360 M&A
OCTOBER 2, 2024
Blank-check company Iron Horse Acquisition Corp., advised by Lucosky Brookman LLP, on Wednesday announced that it has agreed to merge with and take public China Food Investment in a deal valued at $523 million.
Benzinga
OCTOBER 2, 2024
HEICO Corporation (NYSE: HEI ) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial applications on land, sea and air. Per the deal, HEI bought 92.5% of Marway for cash.
Law 360 M&A
OCTOBER 2, 2024
While it might be tempting to jump with joy about the Federal Reserve's recent rate cut, Philip Richter, co-head of Fried Frank's mergers and acquisitions practice, takes a more measured view. Here, Law360 talks to Richter about the rate cut, the upcoming presidential election, artificial intelligence and more.
Benzinga
OCTOBER 2, 2024
LPL Financial Holdings (NASDAQ: LPLA ), along with its subsidiaries LPL Financial LLC, has completed the acquisition of Altria Wealth Solutions, Inc. ("Altria"). Further, the company announced a change in its leadership with the termination of its existing president and chief executive officer and the appointment of a new CEO. Details of Acquisition Pursued by LPLA Atria Wealth Solutions, Inc., based in New York, boasts a network of almost 2,400 advisors and serves around 150 banks and
Law 360 M&A
OCTOBER 2, 2024
British cybersecurity company Darktrace PLC said Tuesday that its shares are no longer trading on the London Stock Exchange as the scheme of arrangement for its approximately $5.3 billion takeover by U.S. private equity firm Thoma Bravo completed Monday.
Peak Business Valuation
OCTOBER 2, 2024
Are you looking to buy , grow , or sell a FedEx route ? Operating a FedEx route can be a great way to capitalize on trends in online shopping. With the right approach, a FedEx route can be very profitable. Whether you are buying, expanding, or selling a FedEx route, it is helpful to receive a business valuation. During a FedEx route valuation , you will learn how to value a FedEx route.
Reynolds Holding
OCTOBER 2, 2024
The relationship between directors’ fiduciary duties and shareholder wealth maximization under Delaware law has long been a prickly topic. Some commentators argue the relationship is merely a default capable of adjustment through private ordering. [1] Others, pointing to cases like eBay v. Newmark , [2] maintain that under common law directors’ fiduciary duties make shareholder wealth maximization mandatory. [3] In the recent cases of New Enterprise Associates v.
Appraisers Blog
OCTOBER 2, 2024
The new UAD may slow down the appraisal process, drive up turnaround times without offering a substantial enhancement in appraisal accuracy.
Benzinga
OCTOBER 2, 2024
ORLANDO, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV ) and Learn CW Investment Corporation (NASDAQ: LCW ) ("Learn CW"), a special purpose acquisition company, today announced the completion of their previously announced business combination ("Business Combination"). The Business Combination was approved at an extraordinary general meeting of Learn CW's shareholders on September 30, 2024.
John Jenkins
OCTOBER 2, 2024
This recent insight from ICR focuses on the hidden costs of short attacks for companies and posits that, despite the often larger risks posed by short attacks, both reputationally and financially, companies are usually less prepared for a short attack than a proxy contest.
Benzinga
OCTOBER 2, 2024
SAN FRANCISCO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Crescendo, creators of the first augmented-AI customer experience (CX) platform, today announced the acquisition of PartnerHero, a leader in CX innovation with customers such as Airtable, Khan Academy, sweetgreen, Tom's Shoes, Udemy and more. Price and terms of the deal were not disclosed. The combined companies aim to disrupt an estimated half trillion dollar plus market opportunity.
Financial Times M&A
OCTOBER 2, 2024
Plus, the battle over the world’s biggest zinc smelter and a look at Carl Icahn’s rigid confidentiality agreements
Benzinga
OCTOBER 2, 2024
AUSTIN, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Mitratech, a global compliance technology leader for legal, risk, and HR teams, is excited to announce the expansion of its leading enterprise risk management platform with several technology developments and the dual acquisition of two companies: Preparis , a premier continuity planning platform for incident management and emergency response, and Prevalent , a leader in unified third-party risk management (TPRM).
Brian DeChesare
OCTOBER 2, 2024
When Industry on HBO premiered in 2020, I watched the first few episodes, got distracted, and didn’t even finish Season 1. If you’re not familiar with it, the show follows several young graduates who start working in sales & trading and investment banking at JP Morgan Pierpoint & Co. in London. Over the seasons, they get promoted, switch firms, move to the buy-side, and struggle with challenges ranging from office politics to cocaine addictions.
Benzinga
OCTOBER 2, 2024
Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback program: September 11, 2024 End date of the share buyback program: February 28, 2025 Overview of transactions: Date Aggregated daily volume (number of Shares) Weighted average share price per day (NOK) Total daily transaction value (NOK) 25/09/2024 240 000 65.10 15 623 376 26/09/2024 Full story available on Benzinga.
Benzinga
OCTOBER 2, 2024
SAN JUAN CAPISTRANO, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ: ENSG ), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the real estate and operations of St.
Benzinga
OCTOBER 2, 2024
– Combined company to trade on Nasdaq under ticker "OKUR" – Reneo announces 1-for-10 reverse split of common stock IRVINE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reneo Pharmaceuticals, Inc. (NASDAQ: RPHM ) ("Reneo") today announced the results of the special meeting of its stockholders held on September 26, 2024. At the special meeting, Reneo's stockholders voted in favor of all proposals, including the proposals required to complete the proposed merger of Reneo and OnKure, Inc.
Benzinga
OCTOBER 2, 2024
RADNOR, Pa., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Certara, Inc. (NASDAQ: CERT ), a global leader in model-informed drug development, today announced it has completed the acquisition of Chemaxon. Chemaxon develops leading scientific informatics software products used by the life sciences industry for in-silico research. Certara develops advanced modeling and biosimulation solutions used to predict the pharmacokinetic and pharmacodynamic properties of large and small molecules. "Combining Chemaxo
Benzinga
OCTOBER 2, 2024
NEW ALBANY, Ohio, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the "Company" or "CVG") (NASDAQ: CVGI ), a diversified industrial products and services company, announced it has completed the sale, effective October 1, 2024, of its Cab Structures business with operations in Kings Mountain, North Carolina to a Volvo Group company. As part of the sale, CVG received a total of $40 million, with $20 million.
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