Thu.May 02, 2024

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The Board Member’s Oversight of AI Risk – Moving from Middle to Modern English

Harvard Corporate Governance

Posted by Sean Dowd, Rich Kando, and Chris Crovatto, AlixPartners LLP, on Thursday, May 2, 2024 Editor's Note: Sean Dowd is a Local Market Leader, Partner, and Managing Director; Rich Kando is a Partner and Managing Director; and Chris Crovatto is a Director at AlixPartners LLP. This post was prepared for the Forum by Mr. Dowd, Mr. Kando, and Mr. Crovatto.

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Canadian Giant SNDL Speeds Up Acquisition Of Majority Positions In Two US Cannabis Companies As Marijuana Rescheduling Looms

Benzinga

SNDL Inc. (NASDAQ: SNDL ), through its joint venture with SunStream Bancorp Inc. , announced on Thursday that SunStream USA group of companies will proceed with the process of acquiring equity positions in U.S. cannabis assets, following the completion of a review by SNDL’s listing authority, NASDAQ. SunStream USA I, LLC and SunStream USA II, LLC are among the entities that comprise the SunStream USA Group, with each entity including one or more third-party investors, all independently ma

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The proxy advisory industry: Influencing and being influenced

Harvard Corporate Governance

Posted by Chong Shu (University of Utah), on Thursday, May 2, 2024 Editor's Note: Chong Shu is an Assistant Professor of Finance at the University of Utah. This post is based on his article forthcoming in the Journal of Financial Economics. Investors, except for the largest ones, are generally apathetic towards corporate governance, reluctant to spend resources to effectively monitor their portfolio firms (Berle and Means, 1932).

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PE-Healthcare Mergers Should Prepare For Challenges

Law 360 M&A

State and federal regulators are increasingly imposing new requirements on healthcare transactions involving private equity partners, with mergers that would have drawn little scrutiny a few years ago now requiring a multijurisdictional risk analysis during the deal formation process, say attorneys at Stinson.

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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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Sharpened Expectations on Climate

Harvard Corporate Governance

Posted by Carine Smith Ihenacho, Tim Smith, and Kristin Verpe (NBIM), on Thursday, May 2, 2024 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Tim Smith is Lead Investment Stewardship Manager, and Kristin Verpe is Investment Stewardship Analyst at Norges Bank Investment Management (NBIM). This post is based on their NBIM memorandum.

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Don't Use The Same Template For Every Client Alert

Law 360 M&A

As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at Legally Penned.

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Plastic-Film Maker Announces $200M Recapitalization

Law 360 M&A

Plastic-film maker Transcendia Holdings announced Thursday that it had reached a recapitalization deal that will cut $200 million in debt, provide $114 million in new capital, and hand majority ownership of the company to private equity firm Industrial Opportunity Partners.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Eric Kretz

Appraisers Blog

In reply to SCW. SCW- Well said, and some serious macro thinking. The only real question is – what is the appraisers course of action, as a collective? What can be done? The TAF and ASC are riddled in turmoil. Our elected officials are worthless. Appraisers have no representation in Washington and are truly hated by the NAR and NHBA, who realistically would be our only allies.

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Janus Henderson set to march into Europe with Tabula acquisition

Financial Times M&A

The $335bn manager already has $14bn in active fixed-income ETFs in the US and is eyeing rapid growth in demand globally

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Flash

Appraisers Blog

In reply to JL. Join a union, really? So you are ok with monthly Union Dues on top of appraisal fees, a union representative and for a union to set the appraisal fees for residential properties.? Maybe Property Data Collectors could also form a Union of their own. Then appraisers get to meet in a union hall at night to make demands of our Union Leaders for when a union contract expires say 2-3 years per contract.

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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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US regulator’s Opec collusion claim sets off tremor in oil patch

Financial Times M&A

CEOs weighing mergers may think twice after FTC bars industry veteran from Exxon’s board

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Flash

Appraisers Blog

In reply to Baggins. I agree it is a mess. Frank Dodd created the mess we are in the present. When interest rates climbed as they have in several different real estate markets since the 1970’s there has been a fall out of appraisers due to lack of work between good and bad times. When rates increased, it is like a water faucet being turned off with respect to available appraisal work.

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Microsoft's $75B Acquisition of Activision Cleared of Insider Trading Concerns by SEC

Benzinga

Securities regulators concluded their investigation into significant investments Barry Diller, Alexander von Furstenberg, and David Geffen made in Activision Blizzard shortly before Microsoft Corp (NASDAQ: MSFT ) acquired the company in 2022. The Securities and Exchange Commission (SEC) and the Justice Department investigated these options purchases for potential insider trading but found no grounds for charges, the Wall Street Journal reports.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Mark Page

Appraisers Blog

In reply to Flash. With your level of backassward thinking I find it hard to believe that you are an appraiser. Why don’t you talk about the NAR rather than what was obviously some backwoods union hall just outside of Hickville?

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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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Sony and Apollo reportedly make $26bn offer for Paramount

The Guardian M&A

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12% Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled media giant. According to the Wall Street Journal, the offer was made on Wednesday by Sony chief executive Tony Vinciquerra and Aaron Sobel, a partner at Apollo.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Baggins

Appraisers Blog

In reply to Flash. Judges. Lawyers. Courtrooms. That’s not going to fly for many of us. What happened to focus on the consumer and American institutions working for the American people? I was in appraisal for consumer protection and personal independence. What about the hundred million people who will need to engage in conventional lending systems over the next decade or so?

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When It Comes To Buyers, Know Your Options

Benchmark Report

So, you're thinking about putting your company on the market for sale or entering into a strategic partnership. Where do you start? An excellent place to begin is by knowing the different types of buyers that are at your disposal, and there are several options. Every buyer will have various reasons for investing in a business, so you need to understand what they are looking for and why.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Mariateresa V. Canosa

Appraisers Blog

In reply to Flash. Actually, it was a state agency, in a large state in the Northeast, with a very large union. It was nothing like the description of the 1970’s – half a century ago, with smoke filled rooms & six pack of beer.

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F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources

NYT M&A

The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Baggins

Appraisers Blog

In reply to Eric Kretz. Serious question. A serious answer. Missing the IVPI proposal yet? [link] For real. If they are talking this way, they are talking this way and whomever the individual was, is not the only one. Somebody get that on a secret tape recording and blow the whistle already. Inquiring minds want to know.

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BHP says Anglo deal structure is not a negative reflection of South Africa

Financial Times M&A

Statement comes as the Australian miner’s chief executive visits country after political backlash

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Flash

Appraisers Blog

In reply to Mariateresa V. Canosa. So you worked for a local government agency which operated differently than independent appraisers at large. There is no comparison. None. Working for the local government agency is great and you were part of a union with a contract with the county. Again, no comparison at all to the real world of independent appraisers.

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CPP Announces Acquisition of Canoga Park Apartments in Los Angeles, California

Benzinga

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif. This is the fifth community in the greater Los Angeles area for CPP and the 60 th in the state.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by SCW

Appraisers Blog

So what now? Our goverment is allowing these hybrid appraisals, appraisers are doing them because they are starving and our elected leaders turn the other way and keep hicking up interest rates and destroying the housing and lending markets and no one is standing up for truth and what is right. Our elected leaders are allowing the genocide of the housing and lending business.

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Sun Acquisitions Facilitates Sell-Side Engagement for Wholesale Nursery Plant Grower/Supplier

Sun Acquisitions

Chicago, IL – May 2, 2024 — Sun Acquisitions, a premier mergers and acquisitions firm headquartered in Chicago, announces that it has been retained as a sell-side advisors for an established horticultural business specializing in wholesale nursery plant growing and supply. This leading supplier boasts a reputation for providing high-quality garden plants, including perennials, ornamental grasses, ferns, and specialty annuals.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Cathy Harper

Appraisers Blog

A GSE exec bragged about their plans to drastically reduce the number of residential appraisers on their roster in favor of computer models.

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SBA Loan for Buying a Business

Peak Business Valuation

Are you looking to buy a business ? An exciting journey awaits you! We applaud your courage and welcome you into the ranks of hard-working entrepreneurs. Buying a business can be quite a thrill until the conversation shifts to the necessity of securing capital. It can be a daunting task to finance the purchase of a business. However, a Small Business Administration (SBA) loan can help.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by kevin r litchke

Appraisers Blog

I sure hope that the industry powers that be change their minds, but it appears they are planning on AI for most of their valuations… we were hoping to semi retire and still do a few appraisals per week to make ends meet. We shall see what happens.

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Whistleblower Claims Would 'Destroy' Autonomy, GC Was Told

Law 360 M&A

Autonomy's former U.S. general counsel testified Thursday in the criminal fraud trial of former CEO Michael Lynch that the company's chief operating officer didn't want a whistleblower's claims to get into court, telling him that while the "law" was on their side, "the facts look bad" and would "destroy Autonomy.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Flash

Appraisers Blog

In reply to Spencer Paul. Flash is my nick name. I am a Real Estate Broker owner and a Certified Residential Appraiser in California. I was an appraiser even before licensing , so have seen several different real estate markets since the 1970’s to the present. My appraisal work plan shifted during Covid when I received 30-40 calls day for an appraisal.

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Latham, Skadden Grab Spotlight As Large IPOs Surge In April

Law 360 M&A

Latham & Watkins LLP guided five initial public offerings in April, while Skadden Arps Slate Meagher & Flom LLP advised the company bringing to market the largest IPO of 2024, concluding the busiest month for new listings year to date.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Mariateresa V. Canosa

Appraisers Blog

In reply to Flash. I was an appraiser for a government agency & was represented by a union. IT WAS THE BEST TIME OF MY LIFE. I was paid well & had great benefits. Your description of “union bosses” & the rest of the nonsense you wrote is beyond laughable & absurdly out of date. We never had meetings like you described. Our union dues were more than reasonable & well worth it, especially considering what we got for it.

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Masimo Hit With Derivative Suit Over Audio Co. Acquisition

Law 360 M&A

The top brass at medical device company Masimo Corp. has been hit with a shareholder derivative action claiming they harmed the company and "confused" investors by pushing through a $1 billion acquisition of an audio equipment company, allegedly causing a steep drop in stock prices and a $5.1 billion market capitalization loss.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Luke Bader

Appraisers Blog

A GSE exec bragged about their plans to drastically reduce the number of residential appraisers on their roster in favor of computer models.