Harvard Corporate Governance

AUGUST 7, 2024

Posted by Raquel Fox, Simon Toms and Justin Lau, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, August 7, 2024 Editor's Note: Raquel Fox and Simon Toms are Partners and Justin Lau is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Environmental, social and governance (ESG) matters, and diverging opinions on approach, continued to dominate headlines across the globe in the first half of 2024.

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Mckinsey and Company

AUGUST 7, 2024

This article consolidates insights from around 100 senior leaders on five common dilemmas that complicate their ability to lead in the face of competing priorities.

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Harvard Corporate Governance

AUGUST 7, 2024

Posted by Francois Brochet (Boston University), on Wednesday, August 7, 2024 Editor's Note: Francois Brochet is a Professor of Accounting at Boston University. This post is based on a recent article , published in The Accounting Review , by Professor Brochet, Professor Thomas Bourveau , Professor Fabrizio Ferri , and Professor Chengzhu Sun. Our study, “Say on Pay Laws and Insider Trading,” published in The Accounting Review , examines whether the mandatory adoption of “say on

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Mckinsey and Company

AUGUST 7, 2024

As many employees adopt generative AI at work, companies struggle to follow suit. To capture value from current momentum, businesses must transform their processes, structures, and approach to talent.

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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

Appraisers Blog

AUGUST 7, 2024

In reply to Retired Appraiser. Mr Ford recently posted in another thread. I tried to find the comment again but had deleted the link. On an older article from years ago. He said; (from memory). Not finished, just waiting. Meaningful change may not be possible with the current administration. Or something close to that. The thing is there is such a concerted attack on the appraisal profession, the AGA may be working overtime on just existing defense of appraiser management.

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Appraisal 97

Law 360 M&A

AUGUST 7, 2024

The U.S. Supreme Court's recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies' ability to change regulatory course from one administration to the next, says Steven Gordon at Holland & Knight.

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Gross Mendelsohn

AUGUST 7, 2024

The dream of many business owners is to have multiple locations across the country. But, as businesses expand across state lines, managing various state taxes becomes increasingly complex. To ensure compliance while optimizing tax positions, multi-state tax due diligence and state apportionment are essential. Conducting due diligence in a multi-state context involves reviewing company tax obligations across various jurisdictions to identify potential liabilities and uncover tax-saving opportunit

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Appraisers Blog

AUGUST 7, 2024

In reply to Mark Hastert. I suspect that the AGA & their AFL-CIO connection is the only possible solution at this point. The problem is that they are not putting in little to no effort to win over appraisers. Passive marketing doesn’t cut it. If they truly want people to join their organization they should be submitting articles to this site and other sites stating how many appraiser signups are required to actually get the ball rolling.

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Brian DeChesare

AUGUST 7, 2024

If you’ve read this site for a long time, you probably know that we focus on creating financial modeling courses and guides. We still offer coaching for more experienced candidates and students with significant work experience, and I used to personally do a good number of mock interviews and resume edits, but our business model has shifted over time.

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Banking Start-ups Finance Marketability 82

Appraisers Blog

AUGUST 7, 2024

In reply to Bill Johnson. Good analysis but we all knew this already. The question is, what is anybody going to do about it? Complaining to each other in this and other forums isn’t working. At the very least contact your congressional delegation, write the CFPB and make a stink to the people who CAN do something.

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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

Financial Times M&A

AUGUST 7, 2024

Bill Ackman’s fund eyes real estate company after his recent attempt to take his US entity public came to abrupt halt

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Machen McChesney

AUGUST 7, 2024

C-level executives today face crucial accounting and finance challenges, including the ongoing shortage of accounting professionals, the struggle to keep up with technology (including AI), and the generally inflationary cost environment. While it may be tempting to view the finance and accounting (F&A) function as an overhead expense to be managed, this approach severely underestimates the F&A function’s strategic impact on business operations.

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Finance Technology 59

Reynolds Holding

AUGUST 7, 2024

The approval of Ethereum Spot Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in May 2024 marked a significant step forward for cryptocurrency in mainstream finance (Krause, 2024). This decision followed the precedent set by Bitcoin Spot ETFs and has opened new avenues for institutional and retail investment in Ethereum.

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Finance Marketability Compliance 59

ThomsonReuters

AUGUST 7, 2024

Today’s tax and accounting firms stand on the brink of a transformative era, driven by the rapid integration of Artificial Intelligence (AI). The “ Future of Professionals Report 2024 ” by Thomson Reuters offers a comprehensive look into how firms within this sector perceive the future of their industry, particularly in relation to AI.

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Accounting Firms Technology Compliance 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

Financial Times M&A

AUGUST 7, 2024

Plus, H2O Asset Management pays up for ‘serious breaches’ and Glencore’s coal rethink shows how the pendulum has swung on ESG

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Scott Mashuda

AUGUST 7, 2024

The Decide Gate: Choosing to Sell Your Business The Decide Gate represents the culmination of the Value Acceleration Methodology , where Certified Exit Planning Advisors’ (CEPAs) clients make the final decision to move forward with their exit plan , grow or in some cases maintain the status quo. For business owners, navigating the intricacies of this process can be emotionally taxing but ultimately rewarding when executed thoughtfully.

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Law 360 M&A

AUGUST 7, 2024

Blackstone Inc.-backed private equity funds have agreed to acquire a majority stake in renewable-energy focused engineering firm Westwood Professional Services Inc., under guidance from Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP, marking Blackstone's latest bid to support energy transition, according to a Wednesday announcement.

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Benzinga

AUGUST 7, 2024

BHP Group (NYSE: BHP ) is considering a sale of the Brazilian copper and gold assets acquired through last year’s $6.3 billion takeover of Oz Minerals. What Happened : The assets reportedly up for sale include an untapped gold deposit and four small high-grade copper mines located in the state of Pará. The most notable of these assets is the Pedra Branca project, which stands out as the sole operational mine, Bloomberg reported.

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Law 360 M&A

AUGUST 7, 2024

A California federal judge said at a hearing Wednesday that he wasn't inclined to grant a new trial in a novel SEC "shadow trading" case, saying "there's no question" that a former executive of Medivation, a pharmaceutical company, knew that he was using inside information from his company when he purchased a rival's stock.

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M&A Leadership Council

AUGUST 7, 2024

The Art of M&A® / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS ® credential. To support CMAS® candidates preparing for the CMAS® exam, we are pleased to continue our feature column, CMAS® Corner, by noted author and expert, Alexandra Reed Lajoux.

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Mergers & Acquisitions Compliance Finance Appraisal 52

Law 360 M&A

AUGUST 7, 2024

Stockholders of a company that makes tethered drones for surveillance or communications sued its directors, CEO and buyer in Delaware's Court of Chancery Tuesday, alleging unfair triggering of "drag-along" rights in a company sale that paid $1 per share for their once-$10 per share investment.

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Class VI Partner

AUGUST 7, 2024

Wall Street took a $6.4 trillion hit on Monday and, in the days since, commentators have been weighing in with concerns over the health of the U.S. economy. Did the Fed wait too long to lower interest rates? Could the country be headed into recession? Is an AI bubble bursting?

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Marketability 52

Law 360 M&A

AUGUST 7, 2024

California's attempt to bolster its noncompete law has encountered significant procedural and constitutional challenges, and litigating parties must carefully analyze not only the restrictive covenants contained in their agreements, but also the forum-selection and choice-of-law provisions, say Jennifer Redmond and Gal Gressel at Sheppard Mullin.

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Auto Dealer Valuation Insights

AUGUST 7, 2024

As we suffer through the dog days of summer, Hurricane Debby and a global stock-market selloff entered the scene to add insult to injury. Hurricane Debby made landfall on Monday as a Category 1 storm in Florida, where it is expected to bring severe flooding to the southeast Atlantic coast. A different kind of heat has stormed through the global stock market.

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Law 360 M&A

AUGUST 7, 2024

The Federal Trade Commission has asked a New York federal court to pause the planned $8.5 billion merger between the owners of Coach and Michael Kors while the agency conducts an in-house merger challenge.

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Benzinga

AUGUST 7, 2024

Roche Holding AG (OTC: RHHBY ) is reportedly contemplating the divestiture of Flatiron Health , a cancer data specialist Roche acquired in 2018 for $1.9 billion. The move underscores the complexities and potential pitfalls that large pharmaceutical companies encounter when investing in early-stage health technology firms. Also Read: Roche’s New Immunotherapy Fails To Show Benefit Over Merck’s Blockbuster Keytruda In Lung Cancer Patients.

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Start-ups Technology 52

Law 360 M&A

AUGUST 7, 2024

There was a promising uptick in mergers and acquisitions activity in the second quarter, but the rising uncertainty about the broader economy that fueled Monday's stock market free fall could cause some hesitancy among dealmakers.

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Norman Marks

AUGUST 7, 2024

On the same day that I published my last blog post, Important survey results for internal audit, boards, and management, explaining how internal audit can help their organization upgrade risk management processes, I saw the IIA President and CEO, Anthony Pugliese, announce: UPDATED GLOBAL PRACTICE GUIDE: Assessing the Risk Management Process, 2nd Edition Risk management goes […]

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Compliance 52

Law 360 M&A

AUGUST 7, 2024

G1 Therapeutics Inc., a North Carolina-based developer of cancer therapies, has agreed to sell the business to the U.S. subsidiary of Denmark's Pharmacosmos A/S, for approximately $405 million, the companies said Wednesday.

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Peak Business Valuation

AUGUST 7, 2024

If you own a fence construction business, you are in a position to capitalize on a growing market. Industry reports predict steady growth as construction activity increases. This may have a positive effect on the value of a fencing company. As such, now is a great time to sell it. To maximize your return on investment, it is important to receive a business valuation for selling a fencing business.

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Business Valuation Fair Market Value Appraisal Marketability 52

Law 360 M&A

AUGUST 7, 2024

Pet medication company PetIQ Inc., advised by Cooley LLP, on Wednesday announced plans to go private following its acquisition by private investment firm Bansk Group, led by Davis Polk & Wardwell LLP, in an all-cash deal valued at roughly $1.5 billion.

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Benzinga

AUGUST 7, 2024

Glencore (OTC: GLCNF ) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE: TECK ) coal assets, most shareholders preferred maintaining the lucrative unit. Glencore's initial plan to divest its coal business stemmed from environmental considerations. However, 95% of shareholders participating in the consultation advocated for retaining the coal and carbon steel materials business.

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Law 360 M&A

AUGUST 7, 2024

Equals Group PLC said Wednesday that the U.K. authority on takeover and merger transactions has extended the deadline for private equity company TowerBrook and financial startup Railsr to officially confirm their proposed £253 million ($321 million) takeover offer, or walk away from it.

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Avanade

AUGUST 7, 2024

Avanade study uncovers some of the aspirations and concerns of the next generation as they navigate the evolving landscape of AI in the workplace.

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