Fri.Oct 25, 2024

article thumbnail

Why Boards are Focused on Human Capital Governance and Risk

Harvard Corporate Governance

Posted by John M. Bremen, Kenneth Kuk, and Don Delves, Willis Towers Watson, on Friday, October 25, 2024 Editor's Note: John M. Bremen is a Managing Director and Chief Innovation & Acceleration Officer, Kenneth Kuk is a Senior Director, and Don Delves is a Managing Director at Willis Towers Watson. This post is based on their Willis Towers Watson memorandum.

article thumbnail

New Ethiopian President Extends A Hand

Global Finance

Ethiopia has become the focus of attention in the turbulent Horn of Africa. Every political move in the ancient, landlocked country is closely monitored for its potential impact on the stability of a region where war drums are getting louder. This continues to be the case with the appointment last month of a new president, Taye Atske Selassie. Previously foreign minister and a seasoned diplomat, Taye replaces Ethiopia’s first female president, Sahle-Work Zewde.

Finance 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Weekly Roundup: October 18-24, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, October 25, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 18-24, 2024 Gender Diversity in the C-suite: Women’s representation in the 2024 S&P 100 Posted by Margot McShane and Hetty Pye, Russell Reynolds Associates, on Friday, October 18, 2024 Tags: Board of Directors , CEOs , Gender Diversity , S&P 500 Tracking CHROs on Corporate Boards Posted

Finance 100
article thumbnail

UK Launches Antitrust Review Of Synopsys' $34 Billion Ansys Deal Over Growing Concerns

Benzinga

The UK's antitrust watchdog has launched an investigation into Synopsys Inc 's (NASDAQ: SNPS ) $34 billion acquisition of software developer Ansys Inc (NASDAQ: ANSS ). On Friday, the Competition and Markets Authority (CMA) announced it had opened an initial phase one merger review due to potential competition concerns. The CMA has recently intensified scrutiny in the tech sector, focusing on mergers involving AI, cloud services, and chip design, Bloomberg reports.

article thumbnail

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.

article thumbnail

UAE Goes Shopping For Chemicals

Global Finance

The Abu Dhabi National Oil Company (ADNOC) has reached an agreement to buy German chemicals maker Covestro in what is set to be the biggest acquisition in the history of the United Arab Emirates and the largest Middle Eastern purchase of a European company. The $16 billion-plus deal comes at a sensitive time for Germany. Facing its worst economic crisis in a decade, the sale of Covestro represents the loss of another jewel in the industrial base of Europe’s largest economy after a spate of forei

Finance 105
article thumbnail

Reinventing Rolls-Royce: A conversation with CEO Tufan Erginbilgiç

Mckinsey and Company

Since Tufan Erginbilgiç took the helm of the iconic brand, its share price has surged. Profits have more than doubled. How he did it is a case study in the art of corporate transformation.

More Trending

article thumbnail

Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision

Financial Times M&A

US firm faced government reluctance over private equity involvement in German naval vessel maker

Equity 100
article thumbnail

UK Antitrust Arm Opens Formal Probe Of $35B Software Deal

Law 360 M&A

United Kingdom antitrust authorities triggered a formal investigation Friday into Synopsys Inc.'s $35 billion acquisition of Ansys Inc., satisfied that the transaction has enough ties to the country to merit greater scrutiny.

96
article thumbnail

Sixty years of innovation: Key moments in business technology

Mckinsey and Company

From semiconductors to cell phones to generative AI, here are 25 breakthroughs that changed business forever.

article thumbnail

Comment on Lack of Evidence, Appraiser Challenges Discrimination Claims by steve

Appraisers Blog

Her’s a little tidbit from Shane’s case… numerous appraisers have looked at Shane’s report and stated it was well written with appropriate data that followed all regulations and found the value correct……… this from Junia Howell’s testimony……………” To be excessively clear, the Plaintiffs’ claim ( Connolly ) is that the Defendant’s actions in his appraisal of their property were influenced by their Black racial ident

article thumbnail

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

article thumbnail

IRS releases 2025 tax inflation adjustments

LaPorte

(authored by RSM US LLP) The IRS revenue procedures provides the amount for inflation-adjusted items for 2025. Amounts adjusted for inflation include the individual tax brackets, the section 199A qualified business income thresholds, the amount of average annual gross receipts to qualify as a small taxpayer, the limitations for section 179 expensing, estate and gift exemptions, as well as several other provisions.

52
article thumbnail

Glocal, UpHealth May Settle $115M Award Feud

Law 360 M&A

Indian healthcare services platform Glocal and bankrupt digital health services company UpHealth may be on the verge of resolving their bitter dispute over an ill-fated merger that resulted in a $115 million arbitral award, Glocal has informed an Illinois federal court in a recent request to stay enforcement proceedings.

52
article thumbnail

RIA Aggregator Investments Trick or Treat

Auto Dealer Valuation Insights

Halloween is the ultimate extend-and-pretend film series. From the original 1978 Halloween to 2022’s Halloween Ends, moviegoers estimate that Michael Myers apparently died eight times but somehow appeared in all thirteen films over the series’ 44-year history.

52
article thumbnail

9th Circ. Dubious Of Tesla Investors' Appeal Of $12B Trial Loss

Law 360 M&A

Ninth Circuit judges appeared skeptical Friday of Tesla investors' argument that an erroneous trial instruction improperly led a jury to reject their $12 billion claim over Elon Musk's 2018 tweets that he had "funding secured" to take the electric car giant private.

52
article thumbnail

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.

article thumbnail

Now Available: Mercer Capital’s 2024 Energy Purchase Price Allocation Study

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce the release of the 2024 Energy Purchase Price Allocation Study. This study researches and observes publicly available purchase price allocation data from companies primarily contained in one of the four sub-sectors of the energy industry: (i) exploration & production; (ii) oilfield services; (iii) midstream; and (iv) downstream.

52
article thumbnail

The Strategic Advantages Of Appointing A Law Firm CEO

Law 360 M&A

The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

52
article thumbnail

Positive Signs From The Safest

Global Finance

VOL. 38 NO. 10 The ranking of the world’s Safest Banks—which is at the center of this issue at all its different global, regional and country levels—is the result of a significant effort at Global Finance , not only through the dedicated work of David Sanders, who coordinates the project, but also through the thorough internal checks on the data conducted by our editorial team.

Banking 52
article thumbnail

Big Lots Inc. Gets OK For Oct. 30 Ch. 11 Asset Auction

Law 360 M&A

A Delaware bankruptcy judge Friday approved discount retailer Big Lots Inc.'s plans to put itself on the block next week after hearing the provider of the baseline bid for the sale had secured the financing for its $760 million offer.

Finance 52
article thumbnail

New President Emerges In Mozambique’s Flawed Election

Global Finance

Elections in Mozambique have been marred by irregularities, disputed results, accusations of fraud, violent unrest, and assassinations. The pattern persisted with the October 9 balloting that saw Daniel Chapo elected president. This time, according to EU observers, the affair went beyond irregularities to “unjustified alteration” of results. Chapo, the ruling party Frelimo’s candidate, carried the day and will replace Filipe Nyusi, who is stepping down after eight years in office.

Finance 52
article thumbnail

Frontier Urges Approval Of 'Highly Attractive' Verizon Deal

Law 360 M&A

Frontier Communications on Friday urged shareholders to support its planned $20 billion sale to Verizon, calling the $38.50 per-share price tag "highly attractive" despite mounting opposition from top investors, one of which claimed the company may be worth double that.

52
article thumbnail

CVS Health: Lynch Out, Joyner In

Global Finance

CVS Health surprised Wall Street with an unexpected change in corporate leadership last month when it named David Joyner its newest president and CEO. Joyner replaces Karen Lynch, who had served as CEO since February 2021 and stepped down in an agreement with the company’s board of directors. “To build on our position of strength,” Executive Chairman Roger Farah said during the announcement, “we believe David and his deep understanding of our integrated business can help us more directly address

Finance 52
article thumbnail

Paris Apparel Co. Valued At €505M As Permira Takes Stake

Law 360 M&A

Private equity giant Permira is taking a significant minority stake in Parisian outdoor-inspired lifestyle brand K-Way from Italian apparel giant BasicNet in an agreement that values K-Way at an enterprise value of €505 million ($545.3 million), the parties announced in a Friday statement.

article thumbnail

India: Tata Trusts Names New Chair

Global Finance

The board of Tata Trusts met in Mumbai on October 11 to name a successor to Ratan Tata, who had died just two days before. Ratan is India’s most renowned business tycoon and chairman of Tata Trusts, the country’s oldest and largest private-sector philanthropic organization. The meeting produced a unanimous vote for Noel Naval Tata, Ratan’s half-brother, as the new leader.

Finance 52
article thumbnail

Spirit Airlines Eyes $80M In Cost Cuts Amid New Deal Rumor

Law 360 M&A

Spirit Airlines will implement layoffs as part of a plan to cut roughly $80 million in costs and has agreed to sell 23 Airbus aircraft to GA Telesis for about $519 million, disclosing the measures as the company is said to be in renewed talks to potentially sell itself to Frontier Airlines.

52
article thumbnail

Investors’ Holdings Of  Indian Stocks Top $1 Trillion

Global Finance

For the first time, Indian securities held under custody by foreign portfolio investors (FPIs) have exceeded the $1 trillion mark, reaching $1.1 trillion as of September, according to data from the National Securities Depository. Of this total, $930 billion is invested in equities while the remainder is allocated to debt and hybrid instruments. Currently, FPI equity holdings account for 16.4% of India’s total market capitalization.

Equity 52
article thumbnail

Taxation With Representation: Davis Polk, Skadden, Kirkland

Law 360 M&A

In this week's Taxation With Representation, Atlantic Union Bankshares Corp. absorbs Sandy Spring Bancorp, Sophos and Secureworks merge, Wendel Group takes a stake in Monroe Capital LLC, and Acuity Brands Inc. buys QSC LLC.

52
article thumbnail

How to make changing tax legislation an opportunity for growth

ThomsonReuters

← Blog home When it comes to tax legislation, change is the only constant. While many accounting firms find a shifting regulatory environment to be a significant challenge, forward-looking firms are harnessing the latest technology to give their firm a competitive advantage. But how do you know where to start? Sometimes, the best business insights come directly from the clients you serve.

article thumbnail

MVP: Davis Polk & Wardwell's Oliver Smith

Law 360 M&A

Oliver Smith of Davis Polk & Wardwell's mergers and acquisitions practice was a leader on the team that advised ExxonMobil Corp. on its blockbuster $60 billion acquisition of Pioneer Natural Resources and Truist Financial Corp. on the sale of its remaining stake in Truist Insurance Holdings at a $15.5 billion enterprise value, earning him a spot as one of the 2024 Law360 M&A MVPs.

article thumbnail

How to Successfully Sell Your Business: Key Steps for a Smooth Transition

Hallmark Brokers

You’ve spent the past few years pouring significant effort into building your business from the ground up. Your hard work has brought you success, and now the time has come to move on and pass the reins to someone else. Selling a business can be just as challenging as starting one or managing day-to-day operations, Read more The post How to Successfully Sell Your Business: Key Steps for a Smooth Transition appeared first on Hallmark Brokers.

article thumbnail

Daily News From Sibos In Partnership With DBS

Global Finance

The global financial community gathers in Beijing for Sibos 2024. This year’s theme, “Connecting the Future of Finance,” highlights the pivotal moment the financial industry is facing, with both significant opportunities and challenges ahead. Stay informed with the latest developments from the Sibos floor. HSBC Simplifies Trade Finance For Chinese SMEs HSBC announced at Sibos on Wednesday that it is expanding the trade financing solutions it offers to businesses trading on e-commerce platforms i

Banking 52
article thumbnail

Valuation Multiples for a Personal Care Service Business

Peak Business Valuation

Personal care service businesses provide specialized health and wellness services to improve the quality of life for geriatric and disabled individuals. Operating a personal care service business allows you to make a meaningful impact. In addition, it can be very lucrative. Whether you are looking to buy , grow , or sell a personal care service business , obtaining a business valuation for a personal care service business is important.

article thumbnail

BlueOne Card Inc., Announces Definitive Agreement to Acquire Millennium EBS, Inc. in a $12 Million Deal

Benzinga

LOS ANGELES, Oct. 25, 2024 (GLOBE NEWSWIRE) -- BlueOne Card, Inc. (OTCQX: BCRD ) ("BlueOne Card," the "Company"), a leading fintech provider of payment hub solutions and prepaid debit cards, today announced that it has entered into a definitive agreement to acquire equity interest of 60% in Millennium EBS, Inc. The transaction is valued at $12 million.

Equity 45
article thumbnail

“Understanding Activism” Podcast: David Farkas on Schedule 13F and Stock Surveillance Services

John Jenkins

In our latest “Understanding Activism with John & J.T.” podcast, my co-host J.T. Ho and I were joined by David Farkas, Head of Shareholder Intelligence in the US for Georgeson, to discuss Schedule 13F filings & stock surveillance services.

45
article thumbnail

PetIQ, Inc. Announces Successful Completion of Acquisition by Bansk Group

Benzinga

EAGLE, Idaho and NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- PetIQ, Inc. ("PetIQ" or the "Company") (NASDAQ: PETQ ), a leading pet medication, health and wellness company, today announced the successful completion of its acquisition by Bansk Group ("Bansk"), a consumer-focused private investment firm dedicated to building distinctive consumer brands, in an all-cash transaction valued at approximately $1.5 billion.