Wed.Nov 13, 2024

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Carbon Returns across the Globe

Harvard Corporate Governance

Posted by Shaojun Zhang (Ohio State University), on Wednesday, November 13, 2024 Editor's Note: Shaojun Zhang is an Assistant Professor of finance at Ohio State University, Fisher School of Business. This post is based on her article forthcoming in The Journal of Finance. The pricing of carbon transition risk is a key question as investors consider climate-aware investments.

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The Amount You and Your Employees Can Save for Retirement Is Going Up Slightly in 2025

Machen McChesney

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025. With inflation easing, the amounts aren’t increasing as much as in recent years.

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SEC Enforcement Reminds Companies to be Careful What They Disclose on Social Media

Harvard Corporate Governance

Posted by Jeremy Barr, Katherine Kim, and Yunah Ko, Freshfields Bruckhaus Deringer LLP, on Wednesday, November 13, 2024 Editor's Note: Jeremy Barr is a Counsel and Katherine Kim and Yunah Ko are Associates at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Mr. Barr, Ms. Kim, Ms. Ko, and Ginger Hervey. A recent enforcement action brought by the Securities and Exchange Commission (“SEC”) offers an important reminder for public companies, as well as their off

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The CEO’s essential checklist: Questions every chief executive should be able to answer

Mckinsey and Company

Most great CEOs rely on a set of guiding mindsets. This checklist helps them turn mindsets into practices that can steer their companies to great heights.

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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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2024 Top 250 Report

Harvard Corporate Governance

Posted by Lauren Shatanof, FW Cook, on Wednesday, November 13, 2024 Editor's Note: Lauren Shatanof is a Consultant at FW Cook. This post is based on an FW Cook memorandum by Ms. Shatanof, James Lutz , and Voytek Sokolowski. INTRODUCTION This Top 250 Report details executive long-term incentive practices at the 250 largest companies by market capitalization, with special focus on trends over the last five years.

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Steering Indian insurance from growth to value in the upcoming ‘techade’

Mckinsey and Company

A significant share of India’s people and assets remain uninsured, presenting both challenges and opportunities for the country’s insurance industry.

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The European Union AI Act: Time to start preparing

Mckinsey and Company

A successful digital future depends on responsible use of AI. The EU AI Act marks a significant step in regulating AI systems and could serve as a blueprint for other jurisdictions.

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Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

The Guardian M&A

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn The food delivery company Just Eat Takeaway is selling Grubhub to the delivery-focused restaurant chain Wonder for $650m (£510m), only four years after buying the US app in a multibillion-dollar tie-up after the first Covid lockdowns.

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AI frenzy allows old school US telcos to dodge death

Financial Times M&A

Big Tech deals may have thrown a lifeline to regional telecoms company Lumen and its moribund peers

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Spire Global Soars On Heels Of $241 Million Sale Of Maritime Business, Plans Debt Payoff

Benzinga

Spire Global, Inc. (NYSE: SPIR ) shares were trading at $14.46 at last check Wednesday morning, up 22.75%. The uptick comes after the satellite and analytics company agreed to sell its maritime business to Kpler for roughly $241 million. The deal includes a $233.5 million purchase price and $7.5 million allocated for services over the next twelve months post-closing.

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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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Ready to raise? Essential prep for funding success

Vested

Get investment ready with our all-in-one solution for seamless fundraising, preparation and compliance. Complete your funding round on Vestd.

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BioNTech Boosts Oncology Strategy With $800 Million+ China-Based Biotheus Acquisition

Benzinga

On Wednesday, BioNTech SE (NASDAQ: BNTX ) agreed to acquire Biotheus , a clinical-stage biotechnology company focused on discovering and developing antibodies for oncological or inflammatory diseases. With the acquisition, BioNTech will obtain full global rights to the late-stage clinical asset BNT327/PM8002, an investigational bispecific antibody targeting PD-L1 and VEGF-A.

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Rivian Stock Electrified As $5.8B VW Deal Set Into Motion

Law 360 M&A

Rivian Automotive's stock got a jolt of energy Wednesday after the electric vehicle maker and Volkswagen Group said they were launching a joint venture worth up to $5.8 billion.

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Harkins Recognized with the AICPA Standing Ovation Award

Auto Dealer Valuation Insights

We are proud to announce that David W. R. Harkins, CFA, ABV received the AICPA FVS Standing Ovation Award at the AICPA & CIMA Forensic & Valuation Services Conference in Dallas, Texas. David is one of only twelve recipients of the 2024 award.

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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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Canadian Pension Fund Buys UK Airport Operator For £1.5B

Law 360 M&A

A subsidiary of Public Sector Pension Investment Board, a Canadian investor, has said it will buy the operator of airports in Aberdeen, Glasgow and Southampton for £1.53 billion ($1.94 billion).

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Joint Venture Formation Changes Effective January 2025

Meade & Moore

Background In August 2023, FASB issued Accounting Standards Update (“ASU”) 2023-05- Business Combinations–Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. Prior to issuance of this ASU, there was no authoritative guidance in U.S. GAAP that discussed how a joint venture (JV) should recognize the initial contribution upon formation.

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Saxena, Cohen Milstein To Lead Sprout Social Investor Suit

Law 360 M&A

Saxena White PA and Cohen Milstein Sellers & Toll PLLC will represent a putative class of social media management company Sprout Social Inc. investors in consolidated litigation after the company missed its financial guidance and struggled to integrate an influencer marketing platform it acquired.

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Business Valuation for Selling a Paint Wholesale Business

Peak Business Valuation

Are you looking to sell a paint wholesale business ? Getting a valuation for selling a paint wholesale business should be one of the first steps in the selling process. By obtaining a paint wholesale business valuation, you can understand how to maximize the value of your business and how to sell it at its full worth. Peak Business Valuation , business appraiser, values paint wholesale businesses nationwide.

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Tempur Sealy Has 'Keys' To Merger, Mattress Firm CEO Says

Law 360 M&A

Mattress Firm's CEO told a Houston judge Wednesday that he has not had any involvement in Tempur Sealy's post-acquisition agreements with mattress suppliers, testifying that Tempur's board chairman and CEO is the one "driving" the deal.

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Genius Metals Enters Option Agreement to Acquire 100% Interest in Timarighine Copper Project, Kingdom of Morocco

Benzinga

MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI ) ("Genius Metals" or the "Company") is pleased to announce that on November 12, 2024 it has entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company's strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advanc

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Investors Ask FCC To Review $2.4B Paramount-Skydance Deal

Law 360 M&A

The Federal Communications Commission should refuse to approve Paramount Global's request to merge with Skydance Media LLC until minority shareholders have a chance to finish their investigation into the financial details of the deal, the leader of those investors told the agency.

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Horizon 2020: Valuation for Impact Assessment

Equidam

The European Commission launched Horizon 2020 (now Horizon Europe ) as part of its ambitious Europe 2020 strategy, with a vision to drive sustainable growth, job creation, and global competitiveness. This program was designed to foster innovation and research, acting as a critical lever for Europe’s economic future. By placing a strong emphasis on excellent science, industrial leadership, and societal challenges, Horizon 2020 aimed to secure Europe’s position as a leader in global in

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Live Nation Ruling Chills Modern Arbitration, 9th Circ. Told

Law 360 M&A

The Ninth Circuit's recent decision invalidating Live Nation Entertainment Inc. and Ticketmaster's choice of a digital arbitration startup for consumer antitrust claims has created "massive uncertainty" and undermines innovative approaches for dealing with abusive mass arbitrations, the live event companies argued in a rehearing petition Tuesday.

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For Honeywell, not breaking up will be hard to do

Financial Times M&A

Group doesn’t seem to have got the memo that conglomerates have become achingly unfashionable

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Wachtell, O'Melveny Build Charter's Liberty Broadband Buy

Law 360 M&A

Broadband connectivity giant Charter Communications Inc. on Wednesday unveiled plans to acquire Liberty Broadband Corp. in an all-stock transaction built by Wachtell Lipton Rosen & Katz and O'Melveny & Myers LLP.

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John Malone Reorders Media Empire as C.E.O. Exits

NYT M&A

Liberty Media, which owns stakes in Formula 1 and Live Nation, is spinning off some of its assets in a corporate restructuring.

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Gaming Co. Sued In Chancery To Block Controller Moves

Law 360 M&A

A large stockholder in Allied Gaming & Entertainment Inc. sued the company's board, controlling stockholder and others in Delaware's Court of Chancery on Tuesday, alleging moves by the controller to dilute the shares of outside stockholders ahead of a proxy contest.

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Homebase poised to enter prepack administration to save 1,600 jobs

Financial Times M&A

About 70 of DIY chain’s outlets expected to be sold to owner of homeware chain The Range

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Connecticut Atty Frees AAA From Firm Break-Up Spat

Law 360 M&A

Connecticut attorney Andrew P. Garza has removed the American Arbitration Association as a defendant from a lawsuit seeking to block his former 50-50 partner Ryan C. McKeen from arbitrating a dispute about their law firm's breakup, according to a withdrawal notice filed Tuesday in state court.

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How Proxy Adviser Competition Affects the Quality of Advice

Reynolds Holding

Investors rely on proxy adviser recommendations to fulfill their fiduciary duty when voting in corporate elections. However, the proxy advisory industry is highly concentrated, with ISS and Glass Lewis controlling over 90 percent of the market, 1 and the advice they offer has been criticized as overly simplistic (“one size fits all”), 2 based on very little research, 3 or politically slanted. 4 Given how many investment funds rely on proxy advice from these two companies, many observers are con

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Frontier Stockholders Vote In Favor Of $20B Verizon Deal

Law 360 M&A

Frontier Communications stockholders approved the company's planned $20 billion sale to Verizon Communications Inc. on Wednesday, despite prior pushback from select investors and recommendations from top proxy advisory firms to abstain.

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Adding a powerful new tool to the field mechanic’s toolbelt: AI

Mckinsey and Company

Ascendum partnered with McKinsey and Salesforce to give service agents the capabilities and technology to work smarter and faster in addressing customer needs.

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New NY Partner Joins Cadwalader's Corp. Team From Kirkland

Law 360 M&A

Cadwalader Wickersham & Taft LLP announced Tuesday that it had hired an adviser to companies and private equity funds from Kirkland & Ellis LLP, touting her experience in complex business transactions.

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Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

Benzinga

Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global digital payment market will attain a value of USD 21.83 trillion by 2031, with a CAGR of 9.55% during the forecast period (2024-2031). There has been an increase in the number of digital payments in the last few years due to the increasing smartphone usage and contactless payments.