Mon.Aug 19, 2024

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Insider Trading by Other Means

Harvard Corporate Governance

Posted by Nejat Seyhun (University of Michigan), on Monday, August 19, 2024 Editor's Note: Nejat Seyhun is the Jerome B. and Eilene M. York Professor of Business Administration and Professor of Finance at the University of Michigan Ross School of Business. This post is based on a recent article forthcoming in the Harvard Business Law Review by Professor Seyhun, Dr.

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AMD Expands AI Capabilities, Acquires ZT Systems in Major $4.9B Deal

Benzinga

Advanced Micro Devices, Inc (NASDAQ: AMD ) stock is trading higher Monday after the chip designer forged an agreement to acquire ZT Systems. AMD agreed to acquire ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock transaction valued at $4.9 billion, including an earnout payment of up to $400 million. AMD expects the transaction to be accretive on an adjusted basis by the end of 2025.

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Post-Doctoral and Graduate Corporate Governance Fellowships

Harvard Corporate Governance

The Program on Corporate Governance at Harvard Law School (HLS) is pleased to announce that it is seeking applications from highly qualified candidates who are interested in working with the Program as Post-Doctoral or Doctoral Corporate Governance Fellows. Applications are considered on a rolling basis, and the start date is flexible and can be negotiated based on applicant and Program needs.

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Edgar Bronfman Jr. Submits Bid for Paramount

NYT M&A

The offer by Edgar Bronfman Jr. comes days before a crucial deadline in the scramble to acquire control of Paramount.

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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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The versatile leader: How learning to adapt makes CEOs better

Mckinsey and Company

Leaders benefit from seeking out diverse experiences, displaying deep curiosity, and knowing when to speak up.

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It's Time For A BigLaw Associates' Union

Law 360 M&A

As BigLaw faces a steady stream of criticism about its employment policies and practices, an associates union could effect real change — and it could start with law students organizing around opposition to recent recruiting trends, says Tara Rhoades at The Sanity Plea.

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Comment on Fight Unfair AMC Practices – Leverage State Authorities by Baggins

Appraisers Blog

In reply to Sean. Post the links. Here is the CO board. [link] Two appraisers up against commercial banking, amc owner, and a government appraiser. And look. If you play ball, you get slightly higher fees. Pushing bpo subs for appraisals.

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US crypto manager seals deal to push into European market

Financial Times M&A

Bitwise’s acquisition of ETC Group follows Robinhood’s $200mn purchase of crypto exchange Bitstamp in June

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Comment on Fight Unfair AMC Practices – Leverage State Authorities by PJTC

Appraisers Blog

In reply to Eric Kretz. Start filing conflict of interest complaints and openly cc every single news and government outlet in the letter. I have to believe when the secret is put there will be cya by the other members. That’s just how these appointed government types are.

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AMD signs $4.9bn deal to challenge Nvidia’s AI infrastructure lead

Financial Times M&A

California group hopes acquisition of ZT Systems will accelerate adoption of its data centre chips

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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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Comment on Fight Unfair AMC Practices – Leverage State Authorities by Baggins

Appraisers Blog

In reply to Eric Kretz. I’ve mastered the art of being removed from amc approved panels. Ask three simple questions and do so consistently; 1. What was the borrower charged for the appraisal fee? 2. How many other appraisers was this request sent to? 3. Why does your company use grading instead of equal round robin distribution of requests? Works like a charm every single time.

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US antitrust regulators likely to challenge Couche-Tard’s proposed takeover of 7-Eleven owner

Financial Times M&A

Tie-up between Canadian group and Japan’s Seven & i would create one of America’s largest retail chains

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Comment on Fight Unfair AMC Practices – Leverage State Authorities by Eric Kretz

Appraisers Blog

In reply to Baggins. AMC reps on a State Board governing appraisers? There will be push-back from these people to protect their own interests, if it’s heard and acknowledged at all.

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Carl Icahn to Pay $2 Million to Settle S.E.C. Charges

NYT M&A

The Securities and Exchange Commission had accused the billionaire investor of not disclosing that he had pledged personal stock holdings as collateral for billions of dollars in loans.

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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 Fight Unfair AMC Practices – Leverage State Authorities by Honest Appraiser

Appraisers Blog

In reply to Baggins. I’m sure REVAA has some high dollar firms on their retainer list. 1 letter to a state board will take care of 99.9% of any issues.

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Navigating Uncertainty: Strategies for Financing M&A Deals in a Volatile Economy

Sun Acquisitions

Economic volatility adds an extra layer of complexity to the ever-evolving landscape of mergers and acquisitions (M&A). Uncertain economic times, marked by market fluctuations and unpredictable consumer behavior shifts, pose significant challenges for financing M&A deals. However, companies can successfully navigate these turbulent waters with careful planning and strategic foresight; this article explores strategies for funding M&A deals in a volatile economy, including alternative

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Barratt pushes ahead with takeover of Redrow despite watchdog’s concerns

The Guardian M&A

UK’s largest housebuilder will waive conditions put on £2.5bn deal, set to be completed this week, from CMA The housebuilder Barratt is pushing ahead with its £2.5bn takeover of rival Redrow this week despite concerns raised by the government’s competition watchdog. Barratt said on Monday that it would waive conditions put on the deal – set to be completed this week – from the Competition and Markets Authority (CMA) after it found that the merger could disadvantage homebuyers in the area around

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Here’s how to address labor shortages to drive economic growth

Mckinsey and Company

The United States, like the world at large, is experiencing labor shortages that are likely to persist. How can we ensure the economy remains strong despite these labor shortages, and what can employers do about it? Even as U.S. unemployment climbed to its highest level in three years in July, labor market tightness remains a persistent long-term trend, writes Kweilin Ellingrud in Forbes.

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The New Corporate Political Governance

Reynolds Holding

Corporate governance and political governance are increasingly intersecting, as corporations engage in some of the most contentious and important social challenges of our time with their voice, capital, and actions. In a recent article , I examine this new convergence and its effects on law, politics, business, and society. Through investments, pronouncements, and policies, businesses have directly acted on issues like climate change, racial justice, reproductive freedom, voting rights, gun viol

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9 Top TSA Principles for Success

M&A Leadership Council

Practical Strategies for Managing TSAs with Confidence and Clarity By M&A Leadership Council Transition Services Agreements (TSAs) are critical tools during divestitures. They serve as a bridge, ensuring business continuity while the buyer establishes their own operational systems. However, navigating TSAs can be challenging, and without a clear strategy, they can become a source of delays and conflicts.

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Mike Lynch, Atty Said To Be Among Missing After Yacht Sinks

Law 360 M&A

Former Autonomy CEO Michael Lynch and a Clifford Chance LLP lawyer who helped him beat federal fraud charges back in June are said to be among those missing after their chartered luxury yacht sank during a storm off Sicily early Monday during a trip reportedly to celebrate Lynch's legal victory.

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Dycom Gears Up to Report Q2 Earnings: What's in Store?

Benzinga

Dycom Industries, Inc. (NYSE: DY ) is scheduled to report second-quarter fiscal 2025 (ended on Jul 27, 2024) results on Aug 21, before the opening bell. In the last reported quarter, the company's earnings beat the Zacks Consensus Estimate by 52.5% and increased 22.5% from a year ago. Contract revenues increased 9.3% year over year and topped the consensus mark by 4.8%.

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Kroger Flips Script, Challenges FTC's Constitutionality

Law 360 M&A

Kroger went on the offensive Monday, a week before Oregon federal court proceedings kick off in the Federal Trade Commission's challenge to its purchase of Albertsons, in a lawsuit going after the constitutionality of the agency's in-house court, also set to contest the merger.

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Taiwan Semiconductor Acquires Tainan Facility For $531M, Plans Major Expansion

Benzinga

Taiwan Semiconductor Manufacturing Co (NYSE: TSM ) snapped Innolux Corp’s flat-panel display plant in Tainan for $530.6 million. Taiwan Semiconductor expects to leverage the Tainan facility for future operations, the Business World reports. In June, Taiwan Semiconductor Chair C.C. Wei had flagged the urgency to double its CoWoS capacity. Also Read: Taiwan Semiconductor’s AI Growth Trajectory Could Hit A Bump From Workforce Challenges: Report Innolux is now focusing on upgrading its e

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10 States Join DOJ's Antitrust Case Against Live Nation

Law 360 M&A

The U.S. Department of Justice said Monday that it has updated the government's case accusing Live Nation of violating antitrust law through its control over the live entertainment industry to add 10 new states and claims for damages.

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McEwen Mining Announces Closing of Timberline Acquisition

Benzinga

TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX ) (TSX: MUX ) today reported the completion of the previously announced acquisition of all the issued and outstanding common shares of Timberline Resources Corporation (TSXV: TBR )(OTCQB: TLRS ) ("Timberline") by way of a merger between Timberline and a wholly-owned subsidiary of McEwen Mining (the "Transaction").

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FTC Pushes To Limit Meta's Merger Defenses

Law 360 M&A

The Federal Trade Commission continues to push the D.C. federal court overseeing its monopoly suit against Meta to slim down the social media titan's defenses ahead of the trial that the Facebook parent company is still hoping won't happen.

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Liberty Gold Provides Update on TV Tower Transaction

Benzinga

VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD , OTCQX: LGDTF ) ("Liberty Gold" or the "Company") is pleased to announce it has received approval from the Bureau of Mining and Petroleum Affairs of the Ministry of Energy and Natural Resources of the Turkish Government for the previously announced sale of its interest in the TV Tower copper gold project ("TV Tower" or the "Project"), located in Biga Province, northwest Türkiye (see press release dated A

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Jadex Sells Temperature-Controlled Packaging Biz For $137M

Law 360 M&A

Material sciences company Jadex Inc. is selling its temperature-controlled packaging products business Lifoam Industries LLC to Altor Solutions, led by Gibson Dunn & Crutcher LLP, in a $137 million cash deal, the parties announced in separate Monday statements.

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Compass Diversified-Backed Altor Solutions to Acquire Lifoam Industries

Benzinga

WESTPORT, Conn., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Altor Solutions ("Altor"), a subsidiary of Compass Diversified (NYSE: CODI ) and a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, today announced it has entered into a definitive agreement to acquire Lifoam Industries, LLC ("Lifoam"), a manufacturer and distributor of temperature-controlled shipping solutions, for an enterprise value of $137 million in cash

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AI Platform AMC Corp. To Go Public Via $175M SPAC Merger

Law 360 M&A

Blank check company AlphaVest Acquisition Corp., advised by Winston & Strawn LLP, on Monday unveiled plans to merge with and take public native computer-vision artificial intelligence platform AMC Corp., led by Graubard Miller, in a $175 million deal.

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Prestigious Brazilian school Escola Móbile is joining the global Nord Anglia Education network of schools

Benzinga

Escola Móbile is considered one of the top 10 private schools in Brazil Nord Anglia Education's third school in Brazil ‘ With Nord Anglia, we will further enrich the experience we offer our students ', says school's Founder and Director General Maria Helena Bresser LONDON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Leading international schools organisation Nord Anglia Education announced today that Escola Móbile in São Paulo, Brazil has entered into an agreement to join its global network

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Latham, Paul Weiss Guide AMD's $5B Buy Of ZT Systems

Law 360 M&A

Latham & Watkins LLP is advising Advanced Micro Devices Inc., the semiconductor company known for its AMD computer processors, on an agreement to acquire Paul Weiss-led ZT Systems for $4.9 billion in cash and stock, according to a Monday statement.

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Titan Pharmaceuticals Enters Into Merger Agreement With KE Sdn. Bhd.

Benzinga

NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Titan Pharmaceuticals, Inc. (NASDAQ: TTNP ) ("Titan") today announced that it has entered into a Merger and Contribution and Share Exchange Agreement (the "Merger Agreement") regarding a business combination with KE Sdn. Bhd. ("KE"). The Merger Agreement was approved by Titan's board of directors (the "Board").

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