Wed.Aug 28, 2024

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IVAS-IVSC Business Valuation Conference 2024

IVSC

Singapore, 28 August 2024 – The IVAS-IVSC Business Valuation Conference 2024 themed ‘Intangible Impact: Unlocking Business Value in the New Economy’, featured 21 speakers and panellists, and saw over 1,000 participants including policymakers, senior business leaders, valuation professionals, Chartered Valuer and Appraiser (CVA) Charter Holders and Associate CVAs.

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Time to rethink performance shares?

Harvard Corporate Governance

Posted by Ola Peter Gjessing, Norges Bank Investment Management, on Wednesday, August 28, 2024 Editor's Note: Ola Peter Gjessing is a Lead Investment Stewardship Manager at Norges Bank Investment Management (NBIM). This post is based on his NBIM memorandum. Time to rethink performance shares? This is the year that the two leading proxy advisors separately ask clients whether to abandon their favoring of CEO ‘performance shares’ over simpler stock incentives.

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Help wanted: The long-term labor tightening trend by country

Mckinsey and Company

Labor markets in the world’s eight largest economies have tightened significantly since 2010, although the character and level of constraint varies among them. Here we offer a detailed portrait of each country’s labor market to illustrate the contrasts and similarities between them.

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District Court Holds Missouri’s “Anti-ESG” Rules are Preempted by Federal Law, Violate First Amendment, and are Unconstitutionally Vague

Harvard Corporate Governance

Posted by Charity E. Lee, Jared Gerber, and Adrian Gariboldi, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, August 28, 2024 Editor's Note: Charity E. Lee is a Counsel, Jared Gerber is a Partner, and Adrian Gariboldi is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary Gottlieb memorandum by Ms. Lee, Mr.

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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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Beat your Bot: Building your moat against AI

Musings on Markets

It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. While ChatGPT itself represented a low-tech variation of AI, it opened the door to AI not only as a business driver, but one that had the potential to change the way we work and live.

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Should You Delay Your Graduation to Improve Your Chances of Getting into Investment Banking?

Brian DeChesare

I’ll skip the clever intros here: Delaying your graduation to improve your chances of winning a certain job after university is usually a bad idea. If you’re doing it specifically to target investment banking roles, it only makes sense in a few scenarios. Delaying your graduation will not help with many common problems, such as a very low GPA , no return offer from an internship , or attendance at a non-target school.

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Riv Capital And Cansortium Shareholders Approve Merger: Combined Weed Company Will Operate In Four Major US States

Benzinga

RIV Capital Inc. (CSE: RIV ) (OTC: CNPOF ) confirmed that holders of its Class A shares have voted in favor of the previously announced merger with Cansortium Inc. (CSE: TIUM ) (OTCQB: CNTMF ) at the annual general and special meeting held Tuesday. Shareholders of Cansortium , a Tampa, Florida-based cannabis company operating under the FLUENT brand, also voted in favor of an amendment to its articles to create a new class of non-voting exchangeable shares in connection with the merger.

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Spain blocks Hungarian train bid as ‘national security’ threat

Financial Times M&A

Madrid says decision based on ‘classified’ concerns over consortium backed by Viktor Orbán

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Tenet Stock Rises 24.6% in 3 Months: Is This Your Buy Signal?

Benzinga

Tenet Healthcare Corporation (NYSE: THC ) shares have returned 24.6% in the past three months, outperforming both the hospital industry and the S&P 500 Index. Over this timeframe, the industry and the S&P 500 Indexhave gained 20.8% and 6.4%, respectively. Currently priced at $163.87, the stock is just 1% below its 52-week high. This proximity underscores investor confidence and market optimism about this hospital company's prospects.

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Calhoun to Present at the Virginia Society of CPAs’ Forensic & Valuation Services Conference

Auto Dealer Valuation Insights

Karolina Calhoun, CPA, ABV, CFF is presenting at the Virginia Society of CPAs’ Forensic & Valuation Services Virtual Conference on September 19, 2024. She will present with Kevin Segler of KoonsFuller on “All in the Family — Related-Party Companies in Divorce.

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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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Old Second Bancorp to Acquire First Merchants' 5 Branches in Illinois

Benzinga

Old Second Bancorp, Inc. (NASDAQ: OSBC ) signed an agreement with First Merchants Corp. (NASDAQ: FRME ) to acquire five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA. Details of the Acquisition by Old Second Bancorp OSBC will pay a total cash consideration of roughly $23 million, equivalent to a 7.5% deposit premium to First Merchants.

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TAXES AND TERMS IN A BUSINESS SALE: POST-CLOSING (Part 3 of 3)

IBG Business

This is last article in a three-part series that offers a very general overview of how understanding the taxes and terms of a business sale can help a seller discern the true value of an offer and, in a competitive bidding scenario , recognize which offer constitutes the best deal. Bear in mind that the factors that shape the value of a business sale are deal-specific.

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Capital One Says Merger's Pending Approval Tanks Challenge

Law 360 M&A

Capital One urged a Virginia federal judge to toss or pause a lawsuit challenging the bank's proposed $35 billion acquisition of Discover Financial Services, saying the suit's claims are too speculative and contingent on unknown future events since they depend entirely on the acquisition receiving regulatory and government approval.

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Why You Should Retain Corpay Stock in Your Portfolio Now

Benzinga

Corpay, Inc. (NYSE: CPAY ) has had an impressive run over the past six months. Shares have gained 10% against the 1.6% decline of the industry it belongs to and the 11.3% rise of the Zacks S&P 500 composite. The company has an expected long-term (three to five years) earnings per share growth rate of 14.1%. Its earnings are expected to register growth of 12% in 2024 and 15.5% in 2025.

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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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SEC Says Repeat Offenders Ran Medical Co. Investment Scam

Law 360 M&A

The U.S. Securities and Exchange Commission has reached a settlement with one of two men it accused of inflating the price of a healthcare company before an initial public offering with a shell company, saying he has violated a trading bar from the agency's previous suit against him.

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Why Owning an E-Bike Shop is a Smart Investment

Hallmark Brokers

The electric bike revolution is gaining momentum faster than you can say “pedal assist.” As more people embrace the eco-friendly, convenient, and exhilarating experience of e-bikes, the market for these electric two-wheelers is booming. If you’re looking for a business opportunity that’s both profitable and personally fulfilling, consider owning an e-bike retail shop.

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Bowl America Board Strikes $2.2M Deal To End Merger Suit

Law 360 M&A

Bowl America board members have agreed to pay nearly $2.2 million to settle a class action that alleged the company's board of directors acted in bad faith when they approved a merger with Bowlero Corp., according to a proposal submitted to a Maryland federal court.

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Business Valuation for Buying an Automobile Wholesale Business

Peak Business Valuation

If you are looking for a stable business opportunity, consider purchasing an automobile wholesale business. The automobile industry takes advantage of the constant demand for transportation. This in turn can make operating an automobile wholesale business very lucrative. If you are ready to buy an automobile wholesaler, the first step is to receive a business valuation.

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NY Firm Calls Gas Co.'s Contract And Fee Claims Duplicative

Law 360 M&A

Albany, New York-based Whiteman Osterman & Hanna LLP has moved to trim breach of contract and disgorgement of fees claims brought by a former client over allegedly bungled tax advice, telling a New York federal judge the claims are redundant when the ex-client is also pursuing a legal malpractice cause of action.

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Evercore ordered to disclose secrets of iced tea can supplier auction

Financial Times M&A

Arizona Beverages says adviser wrongly shared a contract critical to its ability to sell 99 cent drinks

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Class Attys Seek Review Of Del. Magistrate's Doc Suit Toss

Law 360 M&A

Stockholder attorneys probing Paramount Global's allegedly conflicted Skydance Media merger in Delaware's Chancery Court have challenged as unsupportable and unprecedented a magistrate's rejection of anonymously-sourced news reports in a dismissal of their bid for court-ordered document access.

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Letters of Intent: Del. Chancery Dismisses Allegations of Breach of Exclusivity

John Jenkins

In Sunstone Partners Management, LLC v. Synopsys, Inc. (Del. Ch.; 8/24), Judge Paul Williams, sitting in the Chancery Court by designation, addressed a jilted suitor’s claims that a seller breached its obligations under a letter of intent between the parties.

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The NFL-Approved PE Firms That Can Now Invest In Teams

Law 360 M&A

The NFL made a landmark decision Tuesday to approve private equity ownership of teams, making it the last major North American sports league to bring PE dollars into the mix. It’s not a free-for-all, however; to start, the league selected specific funds that are now allowed to take non-controlling interest in teams. Here, Law360 looks at the approved investment players.

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Nevadaware Divergence: How Nevada and Delaware Really Differ in Corporate Law

Reynolds Holding

The differences between Nevada and Delaware corporate law – which I call “Nevadaware divergence” – are the subject of media attention, scholarly critique, and current litigation. The common wisdom is that Nevada is, as some say, “the place to reincorporate when you’re sick of Delaware’s micromanaging.” In a new article , I aim for a fuller understanding of Nevada corporate law, both substantively and theoretically, as compared with Delaware corporate law.

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Wash. AG Fears Kroger Will Move Goalposts For Merger Trial

Law 360 M&A

The Washington Attorney General's Office told a state court Wednesday that Kroger refuses to commit to sticking with the current terms of its divestiture package in its merger with Albertsons, which the state fears would unfairly "move the goalposts" less than three weeks before a trial on the state's merger challenge kicks off.

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Protect Pharmaceutical Corp. (PRTT) Finalizes the Merger with KARINCA Logistics

Benzinga

ANKARA, Turkey, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Protect Pharmaceutical Corp. (OTC: PRTT ) ($PRTT) ("Company") announces it completed the necessary documentation to finalize the merger with KARINCA Logistics - www.karincalogistics.com. PRTT's Management believes that the KARINCA Logistics merger should add substantial value to the Company's overall operations, and it brings a talent pool of professionals, dedicated to the successful integration of the combined business operations.

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Disney's $8.5B India Media Merger Gets Regulatory Nod

Law 360 M&A

India's competition watchdog said in a statement Wednesday it has conditionally approved the proposed $8.5 billion merger between Disney India's media business and Reliance Industries, after the merging entities reportedly overcame regulatory concerns about their grip on broadcast rights to cricket.

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Precision Farming Market to Gain USD 22.09 Billion by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Aug. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Global Precision Farming Market will attain a value of USD 22.09 Billion by 2031, with a CAGR of 10.7% during the forecast period (2024-2031). Many technologies, including the Internet of Things, GPS, and remote sensing application control, are employed to gain a thorough grasp of various farming features, such as irrigation and ploughing.

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NJ Health System Repeats Call For Proskauer DQ

Law 360 M&A

New Jersey health network CarePoint Health Management Associates LLC has redoubled its call for a New Jersey federal judge to disqualify Proskauer Rose LLP from representing competitor RWJBarnabas Health Inc. amid antitrust claims brought by CarePoint, arguing CarePoint's prior representation by Proskauer is substantially related to the case.

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John Wood Group sells businesses after collapsed takeover bid

Financial Times M&A

UK engineer divests divisions for $165mn as it faces pressure to mount turnaround

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Frasers Buys 15% Stake In Australian Sportswear Retailer

Law 360 M&A

British sportswear retailer Frasers Group PLC said Wednesday that it has acquired a nearly 15% stake in its Australian peer Accent Group Ltd. for an undisclosed amount to expand its presence in Australia and New Zealand.

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The Bonduelle Group announces plans to sell its packaged salad business in France and Germany

Benzinga

BONDUELLE Head office: "La Woestyne" - 59173 Renescure - France Bonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 euros Registered under number : 447 250 044 ( Dunkerque Commercial and Companies Register) Press release Villeneuve d'Ascq, August 29, 2024 The Bonduelle Group announces plans to sell its packaged salad business in France and Germany.

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John Wood To Sell Siemens JV And US Biz For $165M

Law 360 M&A

John Wood said Wednesday that it has agreed to sell two of its noncore businesses in two separate deals, including one with Davis Polk & Wardwell LLP-led private equity firm One Equity Partners LP for total proceeds of £165 million ($218 million).

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Tactical Resources Provides Additional Information Regarding Its Proposed Business Combination With Plum Acquisition Corp. III

Benzinga

VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Tactical Resources Corp. ((TSX.V: RARE, OTC: USREF ) ("Tactical Resources" or the "Company"), a mineral exploration and development company, is pleased to provide additional information regarding its proposed business combination (the "Proposed Business Combination") with Plum Acquisition Corp.