Mon.Jul 01, 2024

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Delaware and a Close Look at Independence

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, July 1, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Alyce Lomax and is part of the Delaware law series ; links to other posts in the series are available here. Key Takeaways A Delaware judge’s decision to void $55.8 billion in compensation for Elon Musk was a noteworthy event for shareholders and corporate issuers, not only regarding compensation, but also th

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International Valuation Standards (IVS) & the Law

IVSC

Advocating for the Adoption of International Valuation Standards within the Legal Community As a globally recognised standard-setting body, the IVSC is dedicated to developing and promoting consistent, high-quality valuation practices worldwide. Our mission is to ensure that valuations are reliable, transparent, and universally applicable, fostering confidence and trust across financial markets and diverse sectors.

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Trending Sources

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Proposed DGCL Amendments Depart From Delaware’s Historical Approach to Activism and Takeover Defense

Harvard Corporate Governance

Posted by Keith E. Gottfried, Gottfried Shareholder Advisory, on Monday, July 1, 2024 Editor's Note: Keith E. Gottfried is Founder and CEO of Gottfried Shareholder Advisory. This post is based on his Gottfried memorandum and is part of the Delaware law series ; links to other posts in the series are available here. When Delaware Governor John Carney applies his signature to Senate Bill 313, which is expected to occur shortly, the market practice amendments to the Delaware General Corporation La

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Barry Diller Explores Bid to Take Control of Paramount

NYT M&A

Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company.

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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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SEC Climate Disclosure Rules Spark Flurry of Litigation

Harvard Corporate Governance

Posted by Sarah Levine, Howard Sidman, and Rose Mooney, Jones Day, on Monday, July 1, 2024 Editor's Note: Sarah Levine is a Partner, Howard Sidman is the Deputy Chair of ESG, and Rose Mooney is an Associate at Jones Day. This post is based on a Jones Day memorandum by Ms. Levine, Mr. Sidman, Ms. Mooney, and Brett Shumate. On March 6, 2024, the United States Securities and Exchange Commission (“SEC”) adopted the much anticipated climate-related disclosure rules, two years after publi

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The Right Way To Think About Market Timing When Selling Your Business

Benchmark Report

When is the right time to put your company on the market? Many business owners struggle with this question. It's a difficult decision involving many complexities, but it doesn't have to be that complicated. There is one simple rule for any business owner to live by: ALWAYS have your company in the best position to be sale-ready.

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Comment on New URAR Redesign Spec Released by Carrie Smith

Appraisers Blog

This is just data mining and ruining the entire process. I have completed a few hybrids and it was ridiculous! They say it “saves time” but it took 2 weeks to get the PCR completed by an agent, when I could have gone out and completed the appraisal report in 3-4 days. PLEASE stop saying this is helping ANYONE! It is to tear down any remaining professions who are still independent and can still make a fair living wage.

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Embracing generative AI in credit risk

Mckinsey and Company

Credit risk organizations are already adopting gen AI technologies. How can they deploy them safely and at scale?

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Divorce Cases and Insurance Claims: An Alternative to Testifying

BV Specialists

We have worked with many clients and their attorneys over the years in support of ongoing litigation where the value of a small business and its underlying machinery & equipment is at issue with either a divorce case or an insurance claim. We have seen several situations drag out indefinitely at significant expense to the parties involved, ultimately leading to a court or arbitration hearing.

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What to read next: McKinsey’s 2024 annual book recommendations

Mckinsey and Company

Looking for your next book? Each year, McKinsey seeks out the best books in business, technology, workplace culture, and more. Here’s our 2024 list, recommended by CEOs, founders, editors in chief, and other global leaders.

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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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Atty Well-Being Efforts Ignore Root Causes Of The Problem

Law 360 M&A

The legal industry is engaged in a critical conversation about lawyers' mental health, but current attorney well-being programs primarily focus on helping lawyers cope with the stress of excessive workloads, instead of examining whether this work culture is even fundamentally compatible with lawyer well-being, says Jonathan Baum at Avenir Guild.

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Navigating shifting risks in the insurance industry

Mckinsey and Company

How insurance chief risk officers balance today’s complex demands.

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2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Machen McChesney

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Why Babcock & Wilcox Shares Are Surging Today

Benzinga

Babcock & Wilcox Enterprises, Inc. (NYSE: BW ) shares are trading higher after the company inked a deal to sell its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova for $87 million. BWRS, which employs more than 160 people and provides aftermarket parts and services for waste-to-energy plants in northern Europe and the U.K., was transferred to HZI.

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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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The Seller’s Playbook: Maximizing Returns in Business Transitions

Sun Acquisitions

In the intricate game of mergers and acquisitions, small business owners often find themselves at the forefront of strategic decision-making when considering a transition. Maximizing returns is a common objective, but what if there was a playbook—a strategic guide tailored for sellers to navigate the complexities of business transitions? In this blog post, we present “The Seller’s Playbook,” a unique approach that offers small business owners a systematic strategy to ensure the

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UFP Technologies Makes A Healthy Move With AJR Buyout

Benzinga

UFP Technologies, Inc. (NASDAQ: UFPT ) shares are trading higher after the company disclosed the buyout of AJR Enterprises, LLC for $110 million. AJR Enterprises specializes in developing and manufacturing single-use safe patient handling systems and generated sales of approximately $70 million in 2023 and $75 million in the trailing 12-month period that ended in March. “We are very excited to add AJR Enterprises’ capabilities to our patient.

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Benchmark International Successfully Facilitated the Transaction Between TMCADD Consulting & Services, LLC and NV5 Global, Inc.

Benchmark Report

Benchmark International is pleased to announce the acquisition of TMCADD Consulting & Services, LLC dba myBIMteam by NV5 Global, Inc. (Nasdaq: NVEE).

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Spirit’s Belfast unit in limbo after Boeing announces $4.7bn deal

Financial Times M&A

Politicians and union leaders warn against dismantling the aircraft supplier in Northern Ireland as Airbus considers options

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In Conversation with Achraf Abourida, Head of Product Management at Surecomp

Global Finance

Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks to Achraf Abourida, Head of Product Management at Surecomp, about the major challenges banks face in providing trade and supply chain finance solutions, including technology development, capital costs, and regulatory requirements. Surecomp, which was named by Global Finance as the world’s best trade finance software provider for the second year in a row, is helping address these concerns with core applications for ban

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Editor’s Note: On May 24, 2024, ASA announced that Lana Vukovljak will join as CEO & Executive Vice President on July 1, 2024. We sat down with Vukovljak to learn more about her background, responsibilities, and outlook. ASA: Congratulations and welcome. Can you share a little about yourself with members? Vukovljak: Before coming to ASA, I was CEO of the Residential Real Estate Council, a leading education and networking organization based out of Chicago comprised of more than 25,000 residen

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IPO Rebound Leads Capital Markets Recovery At Midyear

Law 360 M&A

Capital markets activity moderately accelerated in the year's first six months, buoyed by the highest level of initial public offerings in three years, signaling a busy second half for deal-makers at least until the November presidential election.

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The Supreme Court Weighs in on Shareholder Redemptions

Auto Dealer Valuation Insights

Earlier this year, we wrote about the Connelly case heading to the Supreme Court for final adjudication. The Court handed down its ruling in June, siding with the IRS in a unanimous decision.

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Metals Recycler Strikes $170M Go-Public SPAC Merger

Law 360 M&A

American Resources Corp. on Monday announced that its metals recycling subsidiary will go public by merging with special-purpose acquisition company AI Transportation Acquisition Corp., in a deal that values American Metals LLC at $170 million and that was steered by three law firms.

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U.S. Energy Corp. Announces Transformative Acquisition Targeting Helium Production

Benzinga

HOUSTON, July 01, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG , " U.S. Energy " or the " Company ")) today announced that the Company has closed a transaction (the " Agreement ") with Wavetech Helium Inc (" Wavetech " or " WT ") for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the " WT Asset ").

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FC Barcelona Media Arm's $1B SPAC Merger Is Scrapped

Law 360 M&A

A deal that would have taken the digital media arm for Spanish soccer giant FC Barcelona public through a $1 billion merger with special-purpose acquisition company Mountain & Co. I Acquisition Corp. has been called off, both parties have announced.

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Attract, retain, and upskill tax talent in era of AI

ThomsonReuters

Jump to: Tax staff a top priority How will AI impact training and development? How will AI impact recruitment? Perspective from tax professionals Future of Professionals Report How AI is the Catalyst for Transforming Every Aspect of Work View report In the new era of artificial intelligence (AI) , businesses across industries are rethinking how they attract, retain, and upskill talent.

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Xavier Niel's Atlas Follows Through With $4.1B Millicom Bid

Law 360 M&A

French billionaire Xavier Niel's Atlas Investissement on Monday made an official bid to buy out Luxembourgish telecommunications provider Millicom's shareholders through a tender offer at a value of approximately $4.1 billion.

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Business Valuation for Buying a Laundromat

Peak Business Valuation

Buying and owning a laundromat can be a promising business opportunity. With a steady customer base, you can enjoy a reliable source of income. Laundromats typically have low overhead costs and minimal staffing needs. Beyond financial gains, laundromats foster a sense of community. You can save people time and effort while they do their laundry in a clean and safe environment.

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Antitrust In Retail: The Meaning Of 'Accessible Luxury'

Law 360 M&A

In order for the Federal Trade Commission to block a deal that would put six "accessible luxury" brands, including Coach and Michael Kors, under one roof, the agency will need to prove that this category is distinct from the true luxury or mass-market categories, says David Kully at Holland & Knight.

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Comment on TSI Fraud & FTC vs. LREAB by Sadie duva

Appraisers Blog

Should Amrock's amc license be revoked due to this guilty verdict? Should appraisers and the public trust a company guilty of fraud and theft? Could appraisers win a law suit for theft of our appraisal data in Collateral Underwriter?

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How Generative AI May Aid Merger Clearance Process

Law 360 M&A

Generative artificial intelligence capable of analyzing and searching large datasets stands to revolutionize the merger clearance process, including by significantly reducing the time and effort required to respond to Hart-Scott-Rodino second requests, say Kenneth Koch and Brian Blush at BDO USA.

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Comment on TSI Fraud & FTC vs. LREAB by Sadie duva

Appraisers Blog

Should Amrock's amc license be revoked due to this guilty verdict? Should appraisers and the public trust a company guilty of fraud and theft? Could appraisers win a law suit for theft of our appraisal data in Collateral Underwriter?

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Two multimillion-dollar settlement approvals, a $25 million fee-shifting demand, and a biotech merger spoiled by murder: This was just the beginning of the drama last week in the nation's preeminent court of equity. Shareholders in satellite companies filed new cases, a cannabis company headed toward trial, and there were new developments in old disputes involving Tesla and Truth Social.

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BlackRock's Aladdin Gets Smarter: $3.2B Deal Adds Preqin's Private Markets Data

Benzinga

BlackRock, Inc. (NYSE: BLK ) plans to acquire private markets data data solutions provider Preqin for £2.55 billion ($3.2 billion) in cash. This acquisition enhances BlackRock’s investment technology by adding a complementary data business and expanding into the emerging private markets data segment. With over 20 years of experience, Preqin covers 190,000 funds, 60,000 fund managers, and 30,000 private markets investors, reaching over 200,000 users.