Harvard Corporate Governance

MARCH 18, 2024

Posted by Iliana Ongun, Neil Whoriskey, and Dean Sattler, Milbank LLP, on Monday, March 18, 2024 Editor's Note: Iliana Ongun , Neil Whoriskey , and Dean Sattler are Partners at Milbank LLP. This post is based on a Milbank memorandum by Ms. Ongun, Mr. Whoriskey, Mr. Sattler, Scott Golenbock , Ben Fidler , and Marc Kilani and is part of the Delaware law series ; links to other posts in the series are available here.

140

140

Mckinsey and Company

MARCH 18, 2024

The number of employees who use generative AI is expected to soar, freeing many to focus on higher-level cognitive work. Can organizations use this moment to make jobs more people centric?

145

145

Harvard Corporate Governance

MARCH 18, 2024

Posted by Paul Washington, The Conference Board and Broadridge, on Monday, March 18, 2024 Editor's Note: Paul Washington is Executive Director of the ESG Center at the Conference Board and Chair of the Independent Steering Committee of Broadridge. This post is based on his Broadridge memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst; Does Shareholder Proxy Access Improve Firm Value?

Accounting Firms 133

Accounting Firms Firm Value Banking 133

Mckinsey and Company

MARCH 18, 2024

Two AI-enabled approaches are changing the way companies identify operational improvement opportunities. Individually powerful, together they can be transformative.

145

145

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

NYT M&A

MARCH 18, 2024

Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.

Equity 145

Equity Mergers & Acquisitions 145

Machen McChesney

MARCH 18, 2024

Managing accounts receivable can be challenging, especially in an uncertain economy. To keep your company financially fit, it’s a good idea to occasionally revisit your billing and collections processes to ensure they’re as efficient and effective as possible. Consider these helpful tips.

99

99

Law 360 M&A

MARCH 18, 2024

Autonomy's former CEO Michael Lynch duped HP into buying his company at the inflated price of $11.7 billion, a federal prosecutor said Monday during opening statements in the British entrepreneur's criminal trial, while Lynch's lawyer countered his client had "all the money in the world" and no motive to commit fraud.

97

97

Mckinsey and Company

MARCH 18, 2024

A new survey of the Latin American fraud landscape reveals that most fraud goes unnoticed as companies struggle to keep up with the dynamics of the fraud landscape.

Banking 111

Banking 111

Gross Mendelsohn

MARCH 18, 2024

As a Certified Fraud Examiner, I have investigated dozens of employee embezzlements that occurred at small businesses. Many of those embezzlements were committed by bookkeepers through disbursement fraud schemes.

92

92

NYT M&A

MARCH 18, 2024

He led the company from 1977 to 1993 and helped transform Wall Street into a more competitive financial marketplace.

Mergers & Acquisitions 116

Mergers & Acquisitions Banking 116

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

MARCH 18, 2024

Luxury hotels know that the secret to top-tier customer experience is a culture of excellence.

109

109

Financial Times M&A

MARCH 18, 2024

Darren Woods explains ‘business is business’ as US supermajor pursues case that threatens $53bn Hess deal

97

97

Auto Dealer Valuation Insights

MARCH 18, 2024

Rising inflation has been top of mind for business owners (and everyone for that matter) over the last few years. As measured by the Federal Reserve’s preferred gauge — the personal consumption expenditures price index — inflation increased from an average of 1.5% in 2019 and 2020 to 5.0% in 2022. Inflation has since decelerated from its peak in 2022 to 2.

59

59

Benzinga

MARCH 18, 2024

Pfizer Inc (NYSE: PFE ) plans to slash its stake to approximately 24% in Consumer healthcare giant Haleon Plc (NYSE: HLN ) This move follows Pfizer’s earlier announcement that it will gradually divest its ownership in Haleon. The offer price per share is set to be disclosed around March 19, after a book-building process, as stated by Haleon. Pfizer intends to sell around 630 million shares, valued at about £2 billion based on Haleon’s closing price on Friday.

59

59

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

Farrel Fritz

MARCH 18, 2024

Last week, the Manhattan-based Appellate Division, First Department, handed down one of the more intriguing decisions by a New York court I’ve seen in a long time involving a dispute between LLC members. The central issue in the case, brought by an investor in a Delaware LLC against the LLC’s controller, is whether an oral agreement between two sophisticated entrepreneurs, in which the controller allegedly induced the investment by guaranteeing to cash out the plaintiff’s position under either o

Equity 59

Equity 59

Law 360 M&A

MARCH 18, 2024

A former finance director of water treatment company Evoqua Water Technologies Corp. will pay the U.S. Securities and Exchange Commission nearly $47,000 to resolve claims that he was part of a scheme to inflate the company's revenue by $36 million.

Finance 52

Finance Technology 52

Benzinga

MARCH 18, 2024

Exxon Mobil Corporation (NYSE: XOM ) CEO Darren Woods reportedly stated that the company is not aiming to buy Hess Corporation (NYSE: HES ). Instead, Exxon is trying to secure preemption rights over Hess’ Guyana assets in its dispute with Chevron Corporation (NYSE: CVX ), reported Reuters. In his first public remarks on the company’s purpose of an arbitration case that could block Chevron’s $53 billion deal for Hess, Woods reportedly said that they would not have waited for Che

Equity 52

Equity 52

Law 360 M&A

MARCH 18, 2024

Talos Energy, represented by Latham & Watkins LLP, announced Monday it sold its entire carbon capture and sequestration business to a U.S.-based subsidiary of French multinational TotalEnergies for $148 million, citing plans to use the proceeds for loan repayment and general corporate purposes.

52

52

Rhythm Systems

MARCH 18, 2024

I read an interesting article entitled "Leadership Lessons from the World’s Best CEOs" from McKinsey , which provides insights from the book "CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest." Authors Carolyn Dewar, Scott Keller, and Vik Malhotra, all senior partners at McKinsey, draw from interviews with 67 top-performing chief executives to explore what sets these business leaders apart.

52

52

Law 360 M&A

MARCH 18, 2024

Tech-focused private equity investor Francisco Partners has agreed to buy Portland, Oregon-based Jama Software from shareholders including Insight Partners and Madrona Ventures for $1.2 billion, the companies said Monday.

Equity 52

Equity 52

Benzinga

MARCH 18, 2024

Canadian payments processor Nuvei Corp (NASDAQ: NVEI ) shares are jumping today after a media report and the company’s confirmation that it is in buyout talks. Nuvei, backed by celebrity entrepreneur Ryan Reynolds, is reportedly in advanced talks with Advent International for a transaction that could be announced soon, as per WSJ. As per the report, Full story available on Benzinga.

Equity 52

Equity 52

Law 360 M&A

MARCH 18, 2024

Digital content business Minute Media has purchased the publishing rights for Sports Illustrated, keeping alive a longtime brand that recently obliterated its newsroom with layoffs and shut down its betting platform, according to a Monday announcement.

52

52

Robert Berry

MARCH 18, 2024

Power, in its various forms, can be a double-edged sword. While it empowers individuals to make decisions and exercise control, it also has the potential to blind them to alternative perspectives.

52

52

Law 360 M&A

MARCH 18, 2024

The founder and former CEO of a Florida-headquartered telecommunications infrastructure building company has sued the head of an investment firm and others Monday in Delaware's Court of Chancery, accusing them of carrying out a "fraudulent scheme" to wrest control of the business.

52

52

Peak Business Valuation

MARCH 18, 2024

Reliable plumbing systems provide clean water for drinking, cooking, and sanitation. These systems also remove wastewater and sewage to safeguard public health. Without plumbing equipment, this process breaks down. Plumbing equipment also plays a key role in other business activities. Its financial value represents a certain amount of a business’s value.

Appraisal 52

Appraisal Business Valuation Start-ups Fair Market Value 52

Law 360 M&A

MARCH 18, 2024

Ross Acquisition Corp. II, a special purpose acquisition company founded by former U.S. Commerce Secretary Wilbur Ross, disclosed Monday the New York Stock Exchange has suspended trading of its shares and began the delisting process after the SPAC failed to complete a merger within the required three-year time frame.

52

52

Financial Times M&A

MARCH 18, 2024

Private equity group will acquire majority stake from Bluegem as beauty market remains buoyant

Equity 73

Equity Marketability 73

Law 360 M&A

MARCH 18, 2024

Canadian fintech Nuvei Corp. said it has formed a special committee to evaluate strategic options after reports indicated that private equity firm Advent International is pursuing a buyout, developments that led to a more than 33% jump in the company's stock Monday.

Private Equity Firm 52

Private Equity Firm Equity 52

Reynolds Holding

MARCH 18, 2024

What relevance does international law have for corporate governance? Why should corporate executives pay attention to it? The short answer is because their stakeholders do. In two separate articles, I explore the ways in which corporate stakeholders – including consumers, employees, suppliers, investors, financial institutions, benchmarking organizations, and NGOs – use various strategies to encourage corporate actors to integrate international law norms into their policies and practices, partic

Compliance 69

Compliance Finance Marketability 69

Law 360 M&A

MARCH 18, 2024

The National Women's Soccer League's Seattle Reign FC will fall under new ownership as a group including men's soccer franchise Seattle Sounders FC and private equity giant Carlyle announced plans to buy the women's team in a deal that values it at $58 million.

Equity 52

Equity 52

Financial Times M&A

MARCH 18, 2024

Enfamil judgment against the group marks just the latest in a long series of mis-steps

72

72

Law 360 M&A

MARCH 18, 2024

Multimillion-dollar e-cigarette settlements, $4 billion in stock buybacks and a $6.1 million appraisal tweak were among the big-dollar items logged in the Delaware Court of Chancery's ledger last week. Also on the docket: a Panama port project, a news outlet's defamation case, drone disputes and a flood of mail from Tesla shareholders. In case you missed it, here's all the latest from the Chancery Court.

Appraisal 52

Appraisal 52

Financial Times M&A

MARCH 18, 2024

Veteran dealmaker’s consolidator reports £27mn in losses after writing down ETF business

Marketability 71

Marketability 71

Law 360 M&A

MARCH 18, 2024

Solar panels maker Meyer Burger said Monday that it is planning to raise approximately 200 million Swiss francs ($226 million) in equity Tuesday to benefit from "the highly attractive U.S. market" and to "stop sustained losses in Europe.

Equity 52

Equity Marketability 52