Mon.Dec 23, 2024

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Honda and Nissan Unveil Merger Talks as Global Competition Bears Down

NYT M&A

Japans second- and third-largest automakers hope the deal can help them catch up with Tesla and Chinas BYD in electric vehicles and advanced software.

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Labor Rights: Engagement Trends and Shareholder Proposals

Harvard Corporate Governance

Posted by Steven Hyland, Glass, Lewis & Co., on Monday, December 23, 2024 Editor's Note: Steven Hyland is an ESG Engagement Manager at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Dr. Hyland, Shane Carroll, and Stephanie Radcliffe. As societies worldwide grapple with inequality, exploitation, and worker safety concerns, various stakeholders have increasingly engaged with companies on issues from workforce diversity and alleged labor rights violations to a range of

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Global Economics Intelligence executive summary, November 2024

Mckinsey and Company

After the US elections, economic uncertainty has grown, raising questions about trade. Meanwhile, China announced stimulus measures, and central banks continue to adjust monetary policy as inflation eases.

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Nordstrom to Be Taken Private By Founding Family and El Puerto de Liverpool

NYT M&A

The business will be acquired by members of the family and El Puerto de Liverpool, a Mexican real estate and department store company that has owned a stake in Nordstrom since 2022.

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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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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by ohiobeasttwoonesix

Appraisers Blog

Hybrid Appraisals, Appraisal Waivers & Appraisal Management Companies are the new Con. Public protection is being dismissed for profit.

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2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line

Financial Times M&A

Groups agree deal to control a fifth of UK motor insurance market

More Trending

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Nippon’s bid for US Steel in Biden’s hands after panel vetting deal deadlocked

Financial Times M&A

President has already voiced opposition to Japanese companys takeover plan

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Business Valuation for Buying a Bar or Nightclub Business

Peak Business Valuation

The bar and nightclub industry is popular for its exciting and social atmosphere. Many people invest in bars or nightclubs for the potential to generate significant profits. However, buying a business in this industry requires careful consideration. Understanding value through a valuation for buying a bar or nightclub is essential to making an informed decision.

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Private equity investors trapped in China as top firms fail to find exit deals

Financial Times M&A

Sales and listings of Chinese companies by worlds biggest buyout groups have ground to a halt, data shows

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Novo Nordisk: Leading the way in weight loss pharma

Valutico

Novo Nordisk A/S Monthly Valuation – Valutico | December 23, 2024 Link to the valuation Treating chronic diseases Novo Nordisk, a Danish pharmaceutical leader, is renowned for its expertise in diabetes, obesity care, hemophilia and other chronic diseases. Its drug portfolio includes popular weight loss medications Ozempic and Wegovy, which have transformed obesity treatment globally.

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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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FedEx looks to deliver value by uncoupling freight trucking division

Financial Times M&A

Move should unlock immediate gains for shareholders, but wont tackle the logistics groups bigger problem

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The McKinsey Crossword: Zip Your Lip | No. 212

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if youre looking for a quick win.

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by Baggins

Appraisers Blog

In reply to ohiobeasttwoonesix. They’re the pawns on the board whom were moved in a precise manner to checkmate the American people and dismantle accountability and oversight systems. Read the first page of the avm final rule linked below for more influential identification references.

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FounderMetrics: Simon Squibb

Vested

Simon Squibb shares his extraordinary journey to entrepreneurial success and mission to empower others with HelpBnk in this two-part podcast interview.

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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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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by ohiobeasttwoonesix

Appraisers Blog

Hybrid Appraisals, Appraisal Waivers & Appraisal Management Companies are the new Con. Public protection is being dismissed for profit.

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BREAKING: 7 Firms Build Nordstrom's $6.25B Go-Private Deal

Law 360 M&A

Members of the Nordstrom family, including CEO Erik Nordstrom, and Mexican omnichannel retailer and shareholder El Puerto de Liverpool on Monday unveiled plans to take Nordstrom Inc. private in a $6.25 billion all-cash deal that was built by seven law firms.

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by Flash

Appraisers Blog

Hybrid Appraisals, Appraisal Waivers & Appraisal Management Companies are the new Con. Public protection is being dismissed for profit.

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Why Whistleblowing Works: Making Blowing the Whistle a Rational Economic Activity 

Reynolds Holding

The most important question in whistleblowing is a straightforward one: Why does whistleblowing work? Modernized whistleblower award laws, such as the False Claims Act and Dodd-Frank Act , have had immense impacts on the detection and prosecution of white-collar crimes. But why have these laws and the programs they created been such an effective tool in combating fraud and corruption?

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by ohiobeasttwoonesix

Appraisers Blog

Hybrid Appraisals, Appraisal Waivers & Appraisal Management Companies are the new Con. Public protection is being dismissed for profit.

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SEC Chair Gensler Discusses Customer Protection Rule

Reynolds Holding

Today [December 20], the Commission adopted amendments on the requirements for large broker-dealers to calculate and segregate their customer balances daily rather than weekly. I am pleased to support this adoption because it helps better protect customers in the event a large broker-dealer fails. Our markets have dramatically evolved since the 1972 adoption of Rule 15c3-3, otherwise known as the Customer Protection Rule.

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From peers to pioneers: Leveraging Practice Forward’s support network for success

ThomsonReuters

Jump to Understanding the shift to advisory An introduction to Practice Forward Leveraging the Practice Forward community and resources A proven roadmap to stand out in a competitive market Advisory services represent a growing area of opportunity for accounting firms, driven by changing client demands for proactive, value-added tax guidance. Transitioning to an advisory-focused business model offers numerous benefits, including increased revenue, stronger client relationships, and a more fulfi

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by ohiobeasttwoonesix

Appraisers Blog

In reply to ohiobeasttwoonesix. Rockets counterpunch: Calling Out HUD and the DOJ Rocket Mortgages legal response highlights the clash between compliance, accountability, and regulatory overreach December 23, 2024, 11:31 am By Chuck Meyer In October, the Department of Justice (DOJ) made headlines when they sued Rocket Mortgage for housing discrimination in the form of exhibiting alleged appraisal bias.

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Deal Makers See a Rebound in 2025 as Trump Returns to Power

NYT M&A

It was another down year for mergers and acquisitions, but Wall Street is optimistic that the lengthy lull is coming to an end.

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Hana Bank’s Head Of FX & Derivatives Sales On Navigating Global Tensions

Global Finance

Young Kyu Kim, head of FX & Derivatives Sales at Hana Bank, discusses FX management in Asia going into2025 amid escalating US-China tensions. Global Finance : While geopolitics is arguably the number one concern of corporates in the US and Europe, what is currently keeping Asian corporates up at night when it comes to FX markets? Young Kyu Kim : Geopolitics is also a growing concern for Asian companies.

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by Baggins

Appraisers Blog

In reply to ohiobeasttwoonesix. People pay less for real property when there is substantial differences in amenity and safety, crime related issues, school performance measurements, employment opportunities, etc. The race baiters call that disparate valuation outcomes, blaming the appraiser for reporting on factual pricing variances which the respective communities and market participants create for themselves.

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Why Mergers of Carmakers Like Honda and Nissan Often Falter

NYT M&A

The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages.

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The Human Factor: Why Cultural Integration is Key to M&A Success

Sun Acquisitions

Mergers and acquisitions (M&A) are often seen as strategic maneuvers driven by financial figures and market expansion. While these elements are undoubtedly essential, culture’s an often-overlooked aspect that can make or break a deal. Culture is a company’s DNA. The shared values, beliefs, and behaviors guide decisions, shape interactions, and ultimately determine success.

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Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk

The Guardian M&A

Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group Business live latest updates Aviva has agreed to buy the rival insurer Direct Line for 3.7bn, with up to 2,300 job cuts planned as the companies aim for 125m in cost savings. Aviva, a FTSE 100 member and the UKs largest insurer, said on Monday it would offer the equivalent of 2.75 for each Direct Line share in cash and shares.

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Honda Stock Surges Nearly 14% On Buyback, Merger Talks With Nissan

Benzinga

Honda Motor Co. Ltd. (OTC: HNDAF ) shares soared nearly 13.55% in Tokyo trading on Tuesday, marking their biggest one-day gain since 2008, after the Japanese automaker announced a massive share buyback plan and confirmed merger discussions with Nissan Motor Co. Ltd. (OTC: NSANY ). While Honda shares jumped on the Tokyo exchange to 1,452 Japanese yen, Nissan stock declined marginally by 0.22% to 449 Japanese yen in Tuesday trading.

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Comment on The New Con: Hybrids, Waivers & AMCs Threaten Public Trust by Baggins

Appraisers Blog

In reply to ohiobeasttwoonesix. [link] [link] I read the facts don’t matter transcript start to finish. Who’s the law firm representing him pro bono, because that’s who the entire appraisal industry needs right now. Reminds me of Shane’s case, except the improper personal relationships are substituted by persons whom share deep seated associations and beliefs which are not impartial and are biased themselves in ways that can never be reconciled, rendering them as non cred

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News Corp Sells Foxtel to DAZN for $2.12 Billion, Retains Stake in Global Sports Streaming

Benzinga

News Corporation (NASDAQ: NWS ) shares are trading higher on Monday. On Sunday, the company inked a deal to sell its Foxtel Group to DAZN Group Limited for an enterprise value of roughly $2.12 billion (AU$3.4 billion). As part of the deal, News Corp’s shareholder loans of AU$ 578 million will be fully repaid in cash at closing. Foxtel’s debt will be refinanced and transferred, with News Corp retaining a 6% equity stake in DAZN and a seat on its Board of Directors.

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DoJ’s Kanter does not see a ‘complete U-turn on antitrust’ under Trump

Financial Times M&A

Top Biden enforcer predicts public demand will keep his successor from completely abandoning his tough approach

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Xerox to Expand Global Print Business with $1.5 Billion Lexmark Buyout

Benzinga

Xerox Holdings Corporation (NASDAQ: XRX ) shares are trading higher after the company disclosed a deal to acquire Lexmark International, Inc. from Ninestar Corporation , PAG Asia Capital , and Shanghai Shouda Investment Centre for $1.5 billion, including assumed liabilities. This acquisition will enhance Xerox's core print portfolio and expand its global print and managed print services business.

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National Security Committee Forgoes Decision on U.S. Steel Acquisition

NYT M&A

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japans Nippon Steel to President Biden, who is expected to block the deal.