Harvard Corporate Governance
JULY 3, 2024
Posted by Kurt Harrison, Laura Mantoura, and Emily Meneer, Russell Reynolds Associates, on Wednesday, July 3, 2024 Editor's Note: Kurt Harrison is Co-Head of the Global Sustainability Practice, Laura Mantoura is Board Member and CEO Advisory Practice, and Emily Meneer is Leader of Sustainability Knowledge team at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum.
Appraiser Newsroom
JULY 3, 2024
By Mike Pratt ASA, IFA, Chair, RP-NAIFA Discipline Committee Editor’s Note: In today’s rapidly evolving real estate landscape, the importance of staying informed and connected within the appraisal industry has never been greater. ASA stands as a valuable partner for appraisers, offering a wealth of resources and support to navigate these changes.
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Harvard Corporate Governance
JULY 3, 2024
Posted by Sarah Runnells Martin and Dakota B. Eckenrode, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, July 3, 2024 Editor's Note: Sarah Runnells Martin is Counsel and Dakota B. Eckenrode is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum, and is part of the Delaware law series ; links to other posts in the series are available here.
Machen McChesney
JULY 3, 2024
Employee stock ownership plans have been in the headlines recently, but they have been around for decades. ESOPs are qualified defined contribution plans in the form of stock bonus plans or stock purchase/money purchase plans. They are governed by Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act, also known as ERISA.
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.
Harvard Corporate Governance
JULY 3, 2024
Posted by Jim An (Stanford Law School), on Wednesday, July 3, 2024 Editor's Note: Jim An is a Teaching Fellow and Lecturer in Law at Stanford Law School. Last week, the Delaware General Assembly passed S.B. 313 , overturning West Palm Beach Firefighters’ Pension Fund v. Moelis. Upon Governor Carney’s signature, S.B. 313 will amend the DGCL by adding § 122(18) and enable corporations to enter so-called shareholder agreements, colloquially called side letters, even to the extent that such agreeme
Mckinsey and Company
JULY 3, 2024
This may be India’s century. We look ahead at seven trends likely to shape the country for years to come—and help it achieve its development goals.
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Benzinga
JULY 3, 2024
Desktop Metal, Inc. (NYSE: DM ) shares are trading higher after it inked a definitive deal with Nano Dimension Ltd. (NASDAQ: NNDM ), under which, Nano Dimension will fully acquire Desktop Metal in an all-cash deal at $5.50 per share. The deal offers a 27.3% premium over Desktop Metal’s closing price and a 20.5% premium over the 30-day VWAP as of July 2, 2024, totaling approximately $183 million.
Law 360 M&A
JULY 3, 2024
Boxing has influenced my legal work by enabling me to confidently hone the skills I've learned from the sport, like the ability to remain calm under pressure, evaluate an opponent's weaknesses and recognize when to seize an important opportunity, says Kirsten Soto at Clyde & Co.
ThomsonReuters
JULY 3, 2024
In a landmark decision, the Supreme Court overturned the longstanding Chevron doctrine, significantly altering the landscape of federal agency authority. The ruling, known as the Loper decision , marks a seismic shift in how federal agencies interpret and enforce statutes. Checkpoint Payroll Update recently spoke with Alexander T. MacDonald, Shareholder and member of the Workplace Policy Institute at Littler, to understand how the Loper decision may affect federal labor and employment law.
Appraisers Blog
JULY 3, 2024
Good article. Great content and very well written. This is an important and relevant issue today. I’ve had to deal with reviewers who either didn’t read the report or didn’t know what they were talking about.
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
The Guardian M&A
JULY 3, 2024
Investment bank Stephens hired to find suitors for business, which wants to expand overseas operations The high-end steakhouse chain Hawksmoor has been put up for sale in a deal that could value it at about £100m. The restaurant chain has hired the investment bank Stephens to start looking for potential suitors for the business, which is hoping to expand its overseas operation.
Financial Times M&A
JULY 3, 2024
Blocking of MAN Energy’s proposed deal reflects Berlin’s more security-conscious relations with Beijing
NYT M&A
JULY 3, 2024
The deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape the retail landscape.
Mckinsey and Company
JULY 3, 2024
Economist Andrew J. Scott, author of The 100-Year Life and The Longevity Imperative, discusses the opportunity for positive and profound change in an aging society.
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.
Benzinga
JULY 3, 2024
Anglo American ‘s (OTC: AAUKF ) efforts to sell coal assets have hit a significant setback following a fire at its flagship Grosvenor mine in Queensland, Australia. What Happened : Anglo American has been planning to sell its Australian coal assets, including Grosvenor, as part of a broader restructuring effort to fend off a $49 billion takeover bid from BHP Group (NYSE: BHP ).
Brian DeChesare
JULY 3, 2024
When firms kicked off the on-cycle private equity recruiting process in June this year, before IB Analysts had even started their training , some people were shocked. But those covering the industry for 20+ years were not surprised. It continued the insanity that the “on-cycle process” has become. A long time ago, in a galaxy far, far away, this process used to start ~1 year in advance of PE jobs.
Benzinga
JULY 3, 2024
Paramount Global (NASDAQ: PARA ) shares surged premarket Wednesday as Skydance Media has reportedly reached a preliminary agreement to acquire National Amusements Inc. and merge with Paramount, the parent company of CBS and MTV. Shari Redstone’s National Amusements, the family firm controlling Paramount, will forward the deal to a special committee of Paramount directors for review, reported Bloomberg.
Financial Times M&A
JULY 3, 2024
Japanese group’s top leaders seek ‘new investment activity’ after calls from hedge fund to return cash
Benzinga
JULY 3, 2024
Schlumberger Limited (NYSE: SLB ) and ChampionX Corporation (NASDAQ: CHX ) received a second request from the United States Department of Justice regarding Schlumberger’s planned acquisition of ChampionX. SLB currently anticipates the transaction to conclude in late 2024 or early 2025, subject to regulatory approvals and customary closing conditions.
Law 360 M&A
JULY 3, 2024
Weil Gotshal & Manges LLP has hired a former Mayer Brown LLP partner, who joins the firm's New York office to work on private funds issues and with investors, according to an announcement Tuesday.
Benzinga
JULY 3, 2024
SiteOne Landscape Supply, Inc. (NYSE: SITE ) announced that it has acquired a wholesale distributor of nursery products, Millican Nurseries, LLC. This move will allow SiteOne Landscape to offer a broad range of products and services in the greater Boston and New England areas. Millican Nurseries is a New England-based nursery supply distributor. For almost four decades, it has provided high-quality items and excellent customer service.
Law 360 M&A
JULY 3, 2024
Israeli 3D printing company Nano Dimension Ltd. said Wednesday it has inked a deal to buy Massachusetts-based Desktop Metal Inc. for $183 million, a surprise twist that comes after both companies had vied last year to combine with a third rival in transactions that would have been worth upwards of $1.8 billion.
Benzinga
JULY 3, 2024
The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc. (NASDAQ: AMZN ). What Happened : The acquisition, which has been approved by the boards of both companies, will result in the creation of a luxury retail powerhouse, reported The Wall Street Journal, citing people familiar with the matter.
Law 360 M&A
JULY 3, 2024
A pension fund shareholder of Cerevel Therapeutics Holdings Inc. has sued the biopharmaceutical company in Delaware's Court of Chancery, seeking documents to investigate potential fiduciary duty breaches and possible insider trading shortly before the company announced its pending $8.7 billion merger with AbbVie Inc.
Benzinga
JULY 3, 2024
Robinhood Markets (NASDAQ: HOOD ) has announced the acquisition of Pluto Capital Inc., an innovative AI-powered investment research platform. This acquisition marks a significant step for the company as it aims to enhance its offerings with intelligent, data-driven investing tools. With the integration of Pluto's advanced capabilities, the company is set to revolutionize the investment experience for its users.
Law 360 M&A
JULY 3, 2024
U.S. venture funding rose to its highest quarterly total in more than two years thanks to increased funding for artificial-intelligence focused startups, according to data provider Pitchbook, although capital raising is still far below the boom era of 2021.
Benzinga
JULY 3, 2024
Southwest Airlines Company (NYSE: LUV ) has implemented a limited-duration shareholder rights plan in response to an 11% stake by Elliott Investment Management. Gary Kelly, Executive Chairman of the Board, said, “In light of the potential for Elliott to significantly increase its position in Southwest Airlines, the Board determined that adopting the Rights Plan is prudent to fulfill its fiduciary duties to all Shareholders.” The plan takes immediate effect and will last for one year,
Law 360 M&A
JULY 3, 2024
The U.S. Department of Justice fired back at Assa Abloy's bid to rein in a monitoring trustee installed after the company settled a government merger challenge, saying the company is trying to "walk away from its promises to the court" after completing its acquisition of Spectrum Brands' hardware and home improvement business.
Benzinga
JULY 3, 2024
Tempur Sealy International, Inc. (NYSE: TPX ) faces a roadblock as the Federal Trade Commission (FTC) voted unanimously to block its proposed $4 billion acquisition of Mattress Firm Group Inc. The merger, which would combine the world’s largest mattress manufacturer with the nation’s largest mattress retailer, has raised significant competition concerns, per the regulator.
Law 360 M&A
JULY 3, 2024
Architects of a $16 billion special purpose acquisition company merger that took United Wholesale Mortgage public have reportedly agreed to settle a Delaware Chancery Court stockholder suit accusing private equity billionaire Alec Gores and others of misleading investors.
Benzinga
JULY 3, 2024
On Semiconductor (NASDAQ: ON ) is expanding its footprint in the intelligent image sensing industry by acquiring SWIR Vision Systems, a leading provider of CQD (colloidal quantum-dot-based) short wavelength infrared technology. The acquisition enhances ON's portfolio by integrating advanced SWIR capabilities into its industry-leading Complementary Metal-Oxide-Semiconductor (CMOS) sensors, enabling the detection of extended light spectra for unprecedented imaging possibilities.
Law 360 M&A
JULY 3, 2024
Skydance closes in on an agreement to buy Paramount, PE firms eye EuroLeague basketball at a potential $1 billion valuation and Hyundai could raise $3.5 billion in its India unit's IPO. Here, Law360 breaks down the notable deal rumors from the past week.
Benzinga
JULY 3, 2024
On July 1, 2024, Boris Jordan , chairman of Curaleaf Holdings (OTC: CURLF ), participated in a fireside chat with Pablo Zuanic , senior analyst to discuss Curaleaf's strategic initiatives in Europe and the hemp derivatives market. European Market Leadership Jordan noted that Curaleaf anticipated European market's potential three years ago and strategically capitalized on its growth, especially in Germany.
Law 360 M&A
JULY 3, 2024
Cybersecurity company SentinelOne Inc. has beaten a proposed investor class action filed after its $27 million downward revision of one of its key business metrics for its 2023 fiscal year, though a California federal judge gave the shareholders a chance to revise their suit.
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