Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Michelle Rutta, Tami Stark, and Scott Levi, White & Case LLP, on Monday, October 21, 2024 Editor's Note: Michelle Rutta , Scott Levi , and Tami Stark are Partners at White & Case LLP. This post is based on a White & Case memorandum by Ms. Rutta, Mr. Levi, Ms. Stark, Maia Gez , and Gabriella Klein. Overview Notwithstanding recent reports that the Securities and Exchange Commission (“SEC”) has quietly disbanded its Climate and ESG Task Force, [1] and while the SEC’s new cl

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207

Mckinsey and Company

OCTOBER 21, 2024

The OECD sees the global economy improving. Central banks’ strategies are diverging, with some cutting rates and others raising them. China announces a major stimulus, and the US Federal Reserve cuts rates.

Banking 135

Banking Corporate Finance Finance 135

Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Subodh Mishra, ISS STOXX, on Monday, October 21, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Daniel Feinberg, Senior Associate, Sustainability Advisor, ISS-Corporate. Increased Investor Interest in Climate Lobbying Transparency Climate lobbying – the alignment of a company’s climate commitment with its lobbying expenditures – has emerged as a trend in shareholder proposals in recent years.

170

170

NYT M&A

OCTOBER 21, 2024

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

Mergers & Acquisitions 144

Mergers & Acquisitions 144

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.

Marketability

Harvard Corporate Governance

OCTOBER 21, 2024

Posted by Antoinette Schoar (Massachusetts Institute of Technology), and Yang Sun (Brandeis International Business School), on Monday, October 21, 2024 Editor's Note: Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Yang Sun is an Assistant Professor of Finance at Brandeis International Business School.

Finance 148

Finance Technology Marketability 148

Global Finance

OCTOBER 21, 2024

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry. The rise in e-commerce businesses, services, manufacturing and the gig economy has resulted in dramatic increases in both the volume and value of cross-border payments in recent years. Long-term guaranteed fixed rates allow corporate treasuries to enhance financial stability, optimize liquidity, and align cash management practices wit

Treasury 110

Treasury Banking Finance Technology 110

Appraisers Blog

OCTOBER 21, 2024

FACTS: There are about nine cases in the courts presently that deal with allegations of bias. HUD is investigating a few hundred altogether. However, not a single case of bias has been proven in court. We know there are about 70,000 licensed appraisers nationwide. About ten million appraisals were performed in 2021-22 in the U.S. In 2022, the New York Times reported that “dozens” of cases of bias have been alleged.

Appraisal 85

Appraisal 85

BV Specialists

OCTOBER 21, 2024

There are several components to consider when valuing a small business. The importance of each will vary depending on the business type, industry, and purpose of the appraisal, but the most frequently used are listed below: Gross Revenue (Sales) and Net Income (Earnings) These figures represent the heartbeat of the company and will play a significant part in the estimation of value for the company.

Business Valuation 80

Business Valuation Intangible Assets Fair Market Value Appraisal 80

Financial Times M&A

OCTOBER 21, 2024

The decision comes the same day as ExxonMobil wins approval for its long-delayed asset sale in Niger Delta

110

110

Benzinga

OCTOBER 21, 2024

In a significant development in the health insurance industry, Cigna Group (NYSE: CI ) has reinitiated discussions to merge with Humana Inc. (NYSE: HUM ), potentially creating a giant in the sector. Talks, previously stalled over pricing disagreements, have resumed with a focus on a transformative consolidation that could reshape market dynamics. According to a Bloomberg report on Friday, the early talks about the merger would significantly expand Cigna’s footprint in Medicare Advantage al

Marketability 65

Marketability 65

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

Corporate Finance

Mckinsey and Company

OCTOBER 21, 2024

Emirates NBD partnered with McKinsey to identify growth opportunities and expand its talent—becoming an AI and advanced-analytics-driven bank.

Banking 70

Banking 70

Sun Acquisitions

OCTOBER 21, 2024

In the dynamic world of mergers and acquisitions (M&A), financing plays a pivotal role in bringing deals to fruition. For mid-sized businesses eyeing growth opportunities through M&A, understanding the available financing options is essential for success. From traditional bank loans to alternative funding sources, many options exist. Let’s delve into some valuable financial insights to help you navigate the complexities of M&A financing. 1.

Finance 59

Finance Banking Equity Private Equity Firm 59

Benzinga

OCTOBER 21, 2024

American Express Company (NYSE: AXP ) is poised to become the sole owner of Swisscard after UBS Group AG (NYSE: UBS ) announced plans to sell its 50% stake. This comes just days after American Express reported mixed third-quarter results , with revenue slightly below analyst expectations. What Happened : UBS is divesting its half-share in Swisscard to American Express, as per Reuters on Monday.

Equity 59

Equity Marketability 59

The Guardian M&A

OCTOBER 21, 2024

Move follows fears over jobs and control when private equity firm CD&R entered talks to buy Opella for €16bn The French government is to take a stake in the pharmaceutical company Sanofi’s consumer healthcare division to try to quell a backlash as the US private equity firm Clayton, Dubilier & Rice enters talks to buy the unit for €16bn (£13.3bn).

Private Equity Firm 63

Private Equity Firm Equity 63

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.

Marketability

Financial Times M&A

OCTOBER 21, 2024

Plus, James Gorman gets a promotion at Disney and how Jeff Yass turned gambling wins into a colossal trading giant

77

77

Law 360 M&A

OCTOBER 21, 2024

Wisper Internet is going to be taking over another telecom's Connect America Fund projects in the state of Missouri, and the Federal Communications Commission gave the move its blessing Monday by granting an application allowing the switch to move forward.

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52

Benzinga

OCTOBER 21, 2024

New On The Block Altus Power (NYSE: AMPS ) tapped investment bank Moelis & Company LLC to explore strategies to boost shareholder value. According to the clean electricity provider, the process should wrap up by 2025. Altus retained law firm Latham & Watkins to advise on legal matters. Motorsport Games Inc. (NASDAQ: MSGM ) is also looking to increase shareholder value via a potential sale or merger.

Private Equity Firm 52

Private Equity Firm Equity Banking Marketability 52

Law 360 M&A

OCTOBER 21, 2024

Discount retailer Big Lots Inc. got a Delaware bankruptcy judge's approval Monday to access the final $10 million in new money being funded under its debtor-in-possession loan package after it struck a last-minute deal to quell objections that a slate of landlords raised against final DIP approval.

52

52

IT Valuations

OCTOBER 21, 2024

If you don’t plan on closing your business, or giving it away, that means you’ll be selling your business at some point and that also means you’ll have to navigate the emotional journey of of due diligence. Join the iTValuations team as they discuss how to successfully prepare for, navigate, and excel through due diligence. Whether you’re hitting the market in a few weeks or 10 years away, you’ll benefit from hearing from the experts as they discuss: Preparing for d

Marketability 52

Marketability 52

Law 360 M&A

OCTOBER 21, 2024

Former Vice President Mike Pence has come out in support of Nippon Steel's planned $14.9 billion acquisition of U.S. Steel, stating that Nippon will inject essential funding into the ailing Pennsylvania-based steelmaker while helping to fend off China's and Russia's growing levels of global steel production.

52

52

Peak Business Valuation

OCTOBER 21, 2024

The restaurant industry is extremely fragmented and competitive. As such, starting a restaurant can be very difficult. It is estimated that nearly 80% of restaurants fail within 5 years of opening. If you are looking for a stable entry into the restaurant industry, consider operating a restaurant franchise. This gives you a head-start in the industry and can be very lucrative.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Law 360 M&A

OCTOBER 21, 2024

A Colorado-based company that provides banking services to cannabis companies is suing three shareholders of a company it acquired in a $30 million merger, saying in the last few days they've attempted to change the way the merger payments are distributed.

Finance 52

Finance Banking 52

Benzinga

OCTOBER 21, 2024

Sanofi SA (NASDAQ: SNY ) and private equity Clayton Dubilier & Rice (CD&R) have finally entered into exclusive negotiations to potentially sell and purchase a 50% controlling stake in Opella, Sanofi’s consumer health unit. The new step in Opella’s journey paves the way for creating a standalone player in consumer healthcare while supporting Sanofi’s strategy and increased focus on innovative medicines and vaccines.

Equity 52

Equity 52

Law 360 M&A

OCTOBER 21, 2024

Charlotte-based Truist Bank has agreed to pay the federal government $9.1 million to resolve claims that its predecessor SunTrust Bank ran afoul of the law by approving unwise disbursements for beneficiaries of a lead poisoning settlement, the U.S. Department of Justice announced Monday.

Banking 52

Banking 52

Reynolds Holding

OCTOBER 21, 2024

In recent years, scholars and other observers have expressed starkly different understandings of the political landscape of corporate America. While the conventional wisdom has cast large American businesses as a conservative stronghold, others have reached the opposite conclusion, arguing that corporate America is increasingly dominated by the left.

Start-ups 56

Start-ups Finance Technology 56

Law 360 M&A

OCTOBER 21, 2024

UBS Switzerland AG on Monday said American Express has agreed to take over its 50% stake in credit card provider Swisscard, getting control of the former Credit Suisse joint venture as the credit card giant looks to expand its business in Switzerland.

52

52

Financial Times M&A

OCTOBER 21, 2024

Train maker ‘analysing a possible transaction’ from Spanish steelmaker Sidenor

84

84

Law 360 M&A

OCTOBER 21, 2024

Clifford Chance LLP is continuing its growth in New York, announcing on Monday the hiring of two former O'Melveny & Myers LLP attorneys to its private equity practice, as well as the firm's restructuring and insolvency group.

Equity 52

Equity 52

Norman Marks

OCTOBER 21, 2024

Corporate disclosures offer a tiny peek at what companies are doing about cyber risk. Most of the disclosures are voluntary, so a failure to disclose something doesn’t mean they are not doing it.

Compliance 49

Compliance 49

Law 360 M&A

OCTOBER 21, 2024

Cybersecurity solutions companies Sophos, advised by Kirkland & Ellis LLP, and Secureworks, led by Paul Weiss Rifkind Wharton & Garrison LLP, on Monday announced plans to merge in an all-cash deal valued at roughly $859 million.

52

52

Financial Times M&A

OCTOBER 21, 2024

The French pharma group does not seem to have extracted a knockout price

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77

Law 360 M&A

OCTOBER 21, 2024

A New York federal judge's recent dismissal of a $6.4 billion lawsuit against Bristol-Myers Squibb, due to plaintiff UMB Bank's lack of standing, serves as an important reminder to debt security holders to obtain depositary proxies before pursuing litigation, say attorneys at Milbank.

Banking 52

Banking 52

Financial Times M&A

OCTOBER 21, 2024

Low-cost chain searching for new market following rapid rollout in the UK

Marketability 75

Marketability 75

Law 360 M&A

OCTOBER 21, 2024

Haynes and Boone LLP represented Alabama road builder Construction Partners Inc. in its nearly $1 billion acquisition of Austin, Texas-based Lone Star Paving, which relied on advice from ArentFox Schiff LLP in the transaction.

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52