Fri.Nov 01, 2024

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Hail to the (Returning) Chief

Harvard Corporate Governance

Posted by Riyaz Lalani and Dan Gagnier, Gagnier Communications, on Friday, November 1, 2024 Editor's Note: Riyaz Lalani is a Managing Director, and Dan Gagnier is the Founder and a Managing Partner at Gagnier Communications. This post is based on their Gagnier Communications memorandum. The long shadow of former CEOs as change agents has touched companies from Starbucks to Disney.

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NACVA Creates New 'Advisory Briefs' and Issues the First One on 'The Use of Artificial Intelligence and Machine Learning'

BVR

Parnell Black, NACVA’s co-founder and CEO, has announced that NACVA has issued its first Advisory Brief on “The Use of Artificial Intelligence and Machine Learning.” This is the first such AI advisory from the major business valuation organizations.

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Weekly Roundup: October 25-31, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, November 1, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 25-31, 2024 Why Boards are Focused on Human Capital Governance and Risk Posted by John M. Bremen, Kenneth Kuk, and Don Delves, Willis Towers Watson, on Friday, October 25, 2024 Tags: Board of Directors , Corporate governance , Human capital , Management 2024 U.S.

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US Steel Releases Q3 Earnings, Raises Capital Expenditures To $2.3 Billion

Benzinga

United States Steel Corporation (NYSE: X ) announced Thursday its third-quarter earnings , reporting a profit of 56 cents per share, exceeding analyst forecasts of 47 cents. The company also generated revenue of $3.85 billion, surpassing expectations of $3.77 billion. The company achieved an adjusted EBITDA of $319 million, demonstrating resilience despite lower selling prices.

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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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Embracing Digital Tools and Technology in Construction

Redpath

For decades, the construction industry lacked technological advancements for work planning and execution. That’s no longer the case. New digital tools offer a competitive advantage to those companies willing to invest and embrace change.

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Comment on Uncovering Flaws in FHA Appraisal & Loan Review Process by Angela Torres

Appraisers Blog

In reply to Xpert. I’m sorry but infact that statement is 100% false. The mortgage company and their selected appraiser whom they picked did infact false and inadequate fha appraisal. Plus lender allowed sellers Real estate agent to select the title company under policy is not allowed do to it being bais. Every complaint we have filed with HUD has never once properly investigated the complaint.

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Comment on FHFA’s Appraisal Waivers Expansion by Jay yibm

Appraisers Blog

In reply to Pray Hard. You are absolutely correct, as an appraiser I feel the frustrations these folks feel, but this is likely going to be the nail in the coffin.

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Aviation value chain: Strong recovery brings profitability into view

Mckinsey and Company

Our latest analysis of the aviation value chain shows many subsectors performing ahead of 2019 levels.

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Mubadala eyes investment in UK data firm 9fin at $500mn valuation

Financial Times M&A

Deal by Abu Dhabi state fund would be latest in a string of high-profile investments in market data providers

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Why being in HR is getting tougher—and how to break through

Mckinsey and Company

You’re not imagining it: the past five years have taken a toll on human resources. Here’s how leaders can help.

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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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Autumn Budget 2024: What startups and SMEs should know

Vested

The much-anticipated 2024 Autumn Budget - the first from a Labour government in over a decade - has been delivered. The key question now is, how will startups and SMEs fare?

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Mergers & Acquisitions in a Tech-Driven World: How to Prepare Your Business

Sun Acquisitions

In today’s rapidly evolving digital landscape, technology’s impact on mergers and acquisitions (M&A) is profound and multifaceted. Businesses aiming to navigate the M&A process must consider traditional financial and operational metrics and the technological prowess and readiness of acquiring and targeting companies. This blog post will explore how technology is reshaping M&A activities and provide strategic insights on how businesses can prepare for successful mergers an

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The Access Group to acquire US digital guest engagement provider Paytronix

Benzinga

LOUGHBOROUGH, United Kingdom and NEWTON, Mass., Nov. 01, 2024 (GLOBE NEWSWIRE) -- The Access Group, a leading provider of business management software to mid-market organizations in Europe, the United States and Asia Pacific, today announced it has entered an agreement to acquire US-based Paytronix, a provider in guest engagement for restaurants and convenience stores.

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2nd Circ. Won't Revive Warner Bros. Discovery Merger Suit

Law 360 M&A

The Second Circuit refused Friday to resurrect a putative shareholder class action over the $43 billion tie-up that created Warner Bros. Discovery Inc., saying pre-merger documents adequately informed investors about streaming subscriber numbers and planned business strategies for the combined media giant.

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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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Component Analysis of RIA Returns

Auto Dealer Valuation Insights

If you ask most people to name an entrepreneur who made their mark in cars, they would probably name Henry Ford or Elon Musk. A third and equally compelling story is that of Bernie Ecclestone, the former chief executive of Formula One Group.

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Kroger Blasts 'Food Desert' Fears From Wash. Nonprofits

Law 360 M&A

Kroger and Albertsons said the trial judge in Washingnton's bid to block a $24.6 billion merger should reject amicus briefs from two cities, a food bank and a poverty nonprofit, saying their assertions that the deal would inflate grocery prices and create food deserts in some communities rehash claims by activists and the media.

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D CEO’s 2024 Energy Awards

Auto Dealer Valuation Insights

This year, Mercer Capital had the privilege to sponsor and attend the 2024 D CEO Energy Awards, an event that celebrates the energy sector and honors leadership and companies from across the value chain that impact the Dallas-Fort Worth metroplex.The event recognized the achievements of individuals and firms that have played a role in both traditional and sustainable energy.

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Atty Suing Ex-Partner Asks Judges For 'Fairly Nominal' Bond

Law 360 M&A

An attorney suing his ex-CEO over the breakup of their law firm has asked a Connecticut Superior Court judge to clear up two orders from different jurists by explaining how much bond he'll be required to post, saying a "fairly nominal" bond would ensure he keeps the case on track.

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Bank of China Is Leading the Way in Green Finance

Global Finance

Bank of China (BOC) continues to play a pivotal role in green finance. Through its “BOC Green+” global brand, the bank is offering a range of green financial products. The brand is part of its Green Financial Plan, which aligns with China’s national strategy of achieving “carbon peak and carbon neutrality.” BOC actively participates in international green finance collaboration.

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Big Lots Says $760M Bid Wins In Ch. 11 Auction

Law 360 M&A

Discount retailer Big Lots got approval from a Delaware bankruptcy judge to sell off nearly three-dozen store leases the day after it said it had received no offers to beat a $760 million bid for the business as a whole.

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Trout CPA Welcomes Two New Associates and Marketing Coordinator

Trout CPA

We are thrilled to welcome Caleb Hawkins, Alexis Diehm, and Melina O’Neal to Trout CPA! Caleb and Alexis previously interned with us and have officially joined the firm as Associates. Melina joins Trout CPA as the Marketing Coordinator.

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Treasury Expands Foreign Land Transaction Authority

Law 360 M&A

The U.S. Department of the Treasury announced Friday that it has added 59 new military installations to the list of those over which it has jurisdiction to review any nearby real estate transactions involving foreign citizens.

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Digital Bank Awards 2024 – Interview with Sheikh Abdulraham Al Thani

Global Finance

Global Finance speaks with Doha Bank Group CEO Sheikh Abdulrahman Al Thani. Global Finance’s transaction banking editor Gilly Wright had the pleasure of speaking with Sheikh Abdulrahman Al Thani, Group CEO of Doha Bank Group at the 2024 Best Digital Bank awards dinner at Banking Halll in London. Sheikh Al Thani discusses the bank’s impressive achievements in digital innovation and transformation and the further insights into Doha Bank’s strategy for sustainable growth in a rapidly evolving finan

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Newbury Street SPAC Returns To Market With $150M Offering

Law 360 M&A

Special purpose acquisition company Newbury Street II Acquisition Corp. began trading Friday after raising a $150 million initial public offering, guided by three law firms, and marking the second Newbury Street vehicle to go public under similar management.

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Best Practices for Effective Quarterly Planning Meetings

Rhythm Systems

Make This Quarter Count Every new quarter brings another opportunity to advance your strategic initiatives and get closer to your ultimate vision for your company. Without a detailed quarter plan, your team will lack strategic direction and may spend their time in areas that don’t yield the right impact.

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Empathy In Mediation Offers A Soft Landing For Disputes

Law 360 M&A

Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers.

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Master global indirect tax and e-invoicing compliance: The power of integrations and partnerships

ThomsonReuters

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. For global companies, the stakes are high: non-compliance can result in substantial financial penalties, increased audit risk, and reputational damage. Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge.

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Taxation With Representation: Kirkland, Davis Polk, Wachtell

Law 360 M&A

In this week's Taxation with Representation, BC Partners sells its majority equity interest in GardaWorld, Lone Star Funds sells specialty chemicals company AOC to Nippon Paint Holdings, Crescent Biopharma takes GlycoMimetics private, and Francisco Partners buys AdvancedMD from Global Payments.

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Valuation Multiples for a Travel Agency

Peak Business Valuation

The travel industry plays a vital role in the global economy, generating trillions of dollars each year. As such, running a travel agency can be lucrative. Whether you are buying , growing , or selling a travel agency , it is beneficial to receive a business valuation for a travel agency. During a travel agency valuation, valuation analysts often utilize valuation multiples to determine a fair market value.

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ISS Advises Frontier Shareholders To Abstain On Verizon Vote

Law 360 M&A

Proxy advisory firm Institutional Shareholder Services on Friday recommended that Frontier Communications shareholders abstain from voting on Verizon's planned $20 billion takeover, noting that there could be an advantage to waiting to see if the company can generate more value.

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BHP Backtracks Its Comments On Abandoning Anglo American Deal

Benzinga

BHP (NYSE: BHP ) has backtracked on remarks by its Chairman, Ken Mackenzie , about "moving on "from its failed $49 billion bid for Anglo American (OTCQX: AAUKF ). During BHP's annual shareholder meeting in Brisbane, MacKenzie had suggested that the Anglo American acquisition was a "nice to have, not a must-do" and indicated that BHP had put the deal behind them, reported The Guardian.

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CMA Raises Concerns Over GXO's £762M Logistics Deal

Law 360 M&A

Britain's competition enforcer said Friday the completed £762 million ($950 million) takeover of supply-chain group Wincanton PLC by GXO Logistics Inc. could raise prices for businesses that rely on contract logistics providers to move goods around the country.

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Golden Arches, Rocky Roads: McDonald’s Path through Adversity

Valutico

McDonald’s Corporation Biweekly Valuation – Valutico | November 01, 2024 Link to the Valuation A taste of success McDonald’s is more than just burgers and fries—it’s a global franchise juggernaut with an unmatched brand presence. With over 40,000 locations in more than 100 countries, McDonald’s continues to be a staple in the quick-service restaurant (QSR) industry, serving 69 million customers daily.

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Blockchain Coinvestors SPAC To Dissolve With No Biz Combo

Law 360 M&A

Special purpose acquisition company Blockchain Coinvestors Acquisition Corp. I will dissolve and return investors their money after two failed merger attempts, the company has announced, marking the latest SPAC to close shop amid lean market conditions.