Harvard Corporate Governance

JULY 22, 2024

Posted by Avi Gesser, Bill Regner and Paul Rodel, Debevoise & Plimpton LLP, on Monday, July 22, 2024 Editor's Note: Avi Gesser , Bill Regner and Paul Rodel are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Gesser, Mr. Regner, Mr. Rodel, Steve Slutzky , Joshua Samit and Amy Pereira. In the wake of a number of shareholder proposals, as well as first-of-their-kind enforcement actions and public statements by the U.S.

Technology 206

Technology 206

NYT M&A

JULY 22, 2024

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.

Start-ups 141

Start-ups Mergers & Acquisitions 141

Harvard Corporate Governance

JULY 22, 2024

Posted by Lucia Song, Equilar, Inc., on Monday, July 22, 2024 Editor's Note: Lucia Song is a Research Analyst at Equilar, Inc. This post is based on her Equilar memorandum. Say on Pay continues to exert significant influence on corporate governance, compelling companies to reassess and adjust their executive compensation practices in response to shareholder feedback.

170

170

NYT M&A

JULY 22, 2024

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.

Mergers & Acquisitions 125

Mergers & Acquisitions 125

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 22, 2024

Posted by Kathleen Hamm, Public Company Accounting Oversight Board, on Monday, July 22, 2024 Editor's Note: Kathleen Hamm is a Former Board Member at Public Company Accounting Oversight Board. This post is based on her speech. I. Introduction Good afternoon, everyone. Thank you, Alan [Wilson, WilmerHale Partner], for your kind introduction. And thank you to the Center for Audit Quality (CAQ) and WilmerHale for inviting me to speak here today.

Marketability 112

Marketability 112

The Guardian M&A

JULY 22, 2024

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might think When British farmers protested outside the Houses of Parliament earlier this year, they sent 49 scarecrows , after a survey had found that 49% of UK fruit and vegetable farmers said they expected to go bust within a year. The scarecrows stood in for real farmers, who are mostly too afraid to speak out.

111

111

Global Finance

JULY 22, 2024

A sizable decline in foreign direct investment (FDI) in China and a notable decrease in M&A sales across developing Asia contributed to an 8% fall in FDI to $621 billion across the region in 2023, according to data from the United Nations Conference on Trade and Development (UNCTAD). Nowhere was the drop steeper than in South Asia, where a 37% fall to $36 billion was reported.

Finance 105

Finance Corporate Finance 105

Benzinga

JULY 22, 2024

Tellurian Inc. (NYSE: TELL ) shares are trading higher after the company inked an acquisition deal with Australia’s Woodside Energy Group Ltd (NYSE: WDS ) for an implied enterprise value of $1.2 billion, including net debt. The deal consideration includes a $900 million all-cash payment or $1.00 per Tellurian share. The acquisition price represents a 75% premium to Tellurian’s closing price on July 19, 2024, and a 48% premium to Tellurian’s 30-day volume weighted average price.

Net Debt 106

Net Debt Enterprise Value Equity 106

Global Finance

JULY 22, 2024

Jamie Dimon Chairman and Chief Executive Officer JP Morgan Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , the 2024 World’s Best Bank is JP Morgan. “JP Morgan topped its global competition across numerous business lines through its deep expertise, leading client service, and broad product offerings.

Banking 98

Banking Finance Technology Marketability 98

Law 360 M&A

JULY 22, 2024

A $6 million bank fee, a $42.5 million shopping mall deal, some questionable Amazon deliveries and long-ago expired ketchup: it was all part of the comings and goings in Delaware's Court of Chancery last week. New cases involved mining and cybersecurity companies, board takeovers, "weaponized" director election provisions, and legal fees following a $3.1 billion telecom merger.

Banking 98

Banking 98

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

JULY 22, 2024

Recent issues at canals and ports have created supply chain uncertainty. How do logistics executives help their customers cope?

95

95

Law 360 M&A

JULY 22, 2024

Live Nation and Ticketmaster formally asked a skeptical New York federal judge to transfer the U.S. Department of Justice antitrust lawsuit to Washington, D.C., arguing the case clearly grows out of an underlying 2010 deal clearing the merger the government now wants unwound.

98

98

Benzinga

JULY 22, 2024

Terex Corporation (NYSE: TEX ) shares are trading higher after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE: DOV ) in a $2.0 billion all-cash transaction. Based in Chattanooga, Tennessee, ESG provides refuse collection vehicles, compactors, and balers, as well as related aftermarket equipment and digital offerings, including onboard vehicle safety systems, route management, predictive maintenance, and customer relationship management softwa

EBITDA 95

EBITDA Marketability Equity 95

Mckinsey and Company

JULY 22, 2024

Organizations that have a distinctive capability can set themselves apart from the competition. It’s time to build your superpower.

Marketability 91

Marketability 91

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

Financial Times M&A

JULY 22, 2024

US tech giant’s Prime Video unit acquires stages and workshops where productions such as ‘Dracula’ were made

101

101

Benzinga

JULY 22, 2024

Wiz , a cloud security startup, has decided to forgo a $23 billion acquisition deal with Google ‘s parent company Alphabet Inc. (NASDAQ: GOOGL ), (NASDAQ: GOOG ) and will instead focus on an initial public offering. What Happened : The acquisition, which would have been Google’s largest, was called off due to antitrust and investor concerns, according to a CNBC report on Monday.

Equity 69

Equity Marketability 69

Financial Times M&A

JULY 22, 2024

Alphabet had been in discussions to buy the Israeli cyber security company

111

111

Mckinsey and Company

JULY 22, 2024

FourKites founder and CEO Matt Elenjickal discusses how digitization can help logistics customers who are dealing with ongoing supply-chain-infrastructure disruptions.

60

60

Financial Times M&A

JULY 22, 2024

UK shopping centre landlord Hammerson says deal with L Catterton is ‘game changer’

95

95

Law 360 M&A

JULY 22, 2024

Private equity shop KKR will buy a minority stake in the sustainable mobility business of Eni SpA, the Italian supermajor oil company, in a deal that values the subsidiary at up to €12.5 billion ($13.6 billion), the companies said Tuesday.

Equity 52

Equity 52

Auto Dealer Valuation Insights

JULY 22, 2024

It’s no secret that the writers of the Family Business Director blog share a collective affinity for the game of golf. Over the weekend, we enjoyed watching the final major tournament of the professional golf season, the Open Championship.

52

52

Law 360 M&A

JULY 22, 2024

Two shareholders of web analytics firm New Relics Inc. lost a Delaware Court of Chancery bid Monday for additional disclosures regarding the company's $6.5 billion, $87-per-share buyout by private equity firms Francisco Partners and TPG Capital LP, despite a magistrate's finding that the original, general demand was proper.

Private Equity Firm 52

Private Equity Firm Equity 52

LaPorte

JULY 22, 2024

The IRS has announced that it is offering tax relief for individuals and businesses in 67 Texas counties that were affected by Hurricane Beryl earlier… The post IRS Offers New Extension Date to Victims of Hurricane Beryl first appeared on LaPorte.

52

52

Law 360 M&A

JULY 22, 2024

Discount retail chain 99 Cents Only asked a Delaware bankruptcy court to approve alternative sales for two California real estate parcels after the winning bidder who submitted a $8 million offer failed to close the deal over the last two months.

52

52

Benzinga

JULY 22, 2024

South32 (OTC: SHTLF ) shares plummeted after the company announced an $818 million impairment charge for two important assets. At last check Monday, the company’s stock was down 11.13%, trading at $10.02 per share. The Worsley alumina project, located southwest of Perth, includes the Boddington bauxite mining and alumina refining operations. Two weeks ago, the Western Australian government received environmental approval to extend its operational life by 15 years, but it imposed stringent

52

52

Law 360 M&A

JULY 22, 2024

A private equity seller of a solar panel fintech lender that Fifth Third Bank bought in 2022 has sued the bank in New York federal court to free up $20 million in indemnity escrow funds that it alleges the bank has tried improperly to withhold over state investigations tied to the fintech.

Dividends 52

Dividends Banking Equity 52

Global Finance

JULY 22, 2024

Mal Cullen, Chief Executive Officer, CIBC Mellon Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Consumer Bank, the 2024 World’s Best Consumer Bank is Standard Chartered. “CIBC Mellon continues to lead the sub-custody sector with its outstanding post-trade capabilities, deep resources and advanced technology.

Banking 52

Banking Finance Technology Marketability 52

Law 360 M&A

JULY 22, 2024

The Federal Trade Commission is telling the Fifth Circuit to dismiss U.S. Anesthesia Partners Inc.'s appeal in the FTC's antitrust case against it, saying the circuit court has no jurisdiction in the appeal because the lower court ruling at issue falls outside the scope of the collateral order doctrine.

52

52

Global Finance

JULY 22, 2024

Oliver Alawuba, Group Managing Director and CEO, UBA Bank Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Frontier Market Bank, the 2024 World’s Best Frontier Market Bank is UBA. “United Bank for Africa continued to deliver on its dedication to serving domestic and international businesses while providing financial inclusivity during 2023’s slowing economic growth.

Banking 52

Banking Marketability Finance 52

Law 360 M&A

JULY 22, 2024

Steward Health Care has told a Delaware bankruptcy judge it has found buyers for two of the facilities in its first round of hospital sales in its Chapter 11 case, but three others had attracted no qualified bids.

52

52

Global Finance

JULY 22, 2024

Abdulla Mubarak al-Khalifa, Group Chief Executive Officer, QNB Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Emerging Markets Bank, the 2024 World’s Best Emerging Markets Bank is QNB. “QNB’s twin strategies of focusing on its core wholesale banking business and constantly improving its approach to risk management has led to significant growth in its domestic market and the Middle Easter

Banking 52

Banking Marketability Finance 52

Law 360 M&A

JULY 22, 2024

AI-focused technology provider Velocium Inc. has agreed to go public by merging with special purpose acquisition company Maquia Capital Acquisition Corp. in a deal that values Velocium at $445 million, both parties announced.

Technology 52

Technology 52

Global Finance

JULY 22, 2024

Judy Hsu, CEO, Wealth and Retail Banking, Standard Chartered Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , including its honouree for the World’s Best Consumer Bank, the 2024 World’s Best Consumer Bank is Standard Chartered. “Standard Chartered’s investments in digital channels and improved client experience have paid off for the bank and the consumer via dramatic increases in net profits and in broader product portfolio.

Banking 52

Banking Finance Marketability 52

Law 360 M&A

JULY 22, 2024

Sullivan & Cromwell LLP and Freshfields Bruckhaus Deringer guided the $905 million sale of Goodyear Tire & Rubber Co.'s off-the-road tire business to Yokohama Rubber Co. Ltd. except for the part of that business providing off-road tires to the U.S. military and other defense entities, the companies announced Monday.

52

52