Fri.May 31, 2024

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Midyear observations on the board agenda

Harvard Corporate Governance

Posted by John Rodi, David A. Brown and Patrick A. Lee, KPMG, on Friday, May 31, 2024 Editor's Note: John H. Rodi is Leader, and David A. Brown is Executive Director, and Patrick A. Lee is Senior Advisor of the Board Leadership Center of KPMG LLP. This post is based on their KPMG memorandum. Approaching midyear, business leaders are bullish on growth and the opportunities ahead.

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Chobani Yogurt Founder Buys Anchor Brewing Company

NYT M&A

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.

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Australian Co. Aims For Shopify Highs In $250M SPAC Deal

Law 360 M&A

Sydney, Australia-based Btab Ecommerce Group Inc., an e-commerce supplier for small businesses, has agreed to merge with special-purpose acquisition company Integrated Wellness Acquisition Corp. in a transaction valued at $250 million, the companies said Friday.

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Comment on Unresolved Complaints Filed with HUD by Baggins

Appraisers Blog

In reply to Vince Slupski. The influence of the appraisal management industry having siphoned billions of dollars away from the general appraisal community which would otherwise have gone to career and skill development. Because of they way the amc industry and associated technical utilities involved with ‘grading appraisers performance’ which their future work load are based upon having created a new standard which rewards faulty appraisers simply because the appraiser charges less

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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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Chancery Dismisses Pipeline Co. Merger Side-Deal Suit

Law 360 M&A

An Energy Transfer LP subsidiary lost a Delaware Court of Chancery suit on Friday accusing four former officers of reaching a secret side deal with a pipeline company for construction of a costly, high-pressure natural gas pipeline, in a decision that also tossed arbitration challenges.

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What does the future hold for tax automation?

ThomsonReuters

Jump to: How to Elevate Your Firm’s Recruiting and Retention Strategies How to Elevate Your Firm’s Efficiency and Accuracy Utilizing Tax Automation to Boost Efficiency and Accuracy How to Elevate Your Firm’s Client Service Optimizing Client Service with Tax Advancements How Software Elevates Your Firm’s Recruitment and Retention The rapid evolution of tax automation technology is reshaping the landscape of tax services, offering unprecedented opportunities for firms to enhance efficiency, accura

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CMA to investigate £2.9bn takeover of Virgin Money by Nationwide

The Guardian M&A

Watchdog opens first stage of merger process to examine whether deal would lead to less competition Business live – latest updates The UK competition regulator has launched an inquiry into the £2.9bn takeover of Virgin Money by the rival lender Nationwide Building Society. The Competition and Markets Authority (CMA) said it had opened the first stage of its merger process to look at whether the deal – one of the largest transactions in the banking sector since the 2008 financial crisis – would l

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Comment on Unresolved Complaints Filed with HUD by Vince Slupski

Appraisers Blog

As I’ve written before, the scandal isn’t possible racism among appraisers, or false accusations of racism. The scandal is that despite 30+ years of state licensing, mandatory education, mandatory continuing education, state discipline, purported separation of lending production from appraisal, use of reviews and formalization of review processes, and all the rest – the scandal is that appraisals on a property can come in from $1.5 million to $3.1 million.

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UBS Formally Completes Merger Of Credit Suisse

Law 360 M&A

UBS Group AG said Friday that it has formally completed the legal merger of stricken Credit Suisse AG, 18 months after regulators brokered the deal to prevent the collapse of its rival.

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What Is the Market Approach and How Is It Utilized for Auto Dealer Valuations?

Auto Dealer Valuation Insights

A thoughtful business valuation of an auto dealership will likely rely on multiple approaches to derive an indication of value. While each approach should be considered, the approach(es) ultimately relied upon will depend on the unique facts and circumstances of the dealership and its operating conditions.

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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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Activist Donerail Pushes Ex-Barstool Owner Penn To Sell

Law 360 M&A

Activist Investor Donerail Group on Friday pushed Penn Entertainment Inc. to pursue a sale, ripping the company for a "failed" online gaming strategy that has "destroyed shareholder value," including its $1 sale of Barstool Sports and launch of a new betting platform with ESPN.

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Selling Your RIA? Five Ways to Bridge the Valuation Gap

Auto Dealer Valuation Insights

Before parties to an RIA transaction can close, they must first agree on a price. Narrowing that bid/ask spread is tricky, which is often why negotiations between prospective buyers and sellers fail. Buyers and sellers naturally have different perspectives that lead to different opinions on value: Where a seller sees a strong management team, a buyer sees key person risk.

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Tether Investment In Crypto Miner Bitdeer Worth Up To $150M

Law 360 M&A

Singapore-based cryptocurrency miner Bitdeer Technologies Group said in a statement Friday it has completed a private placement deal with Tether International Ltd. that could bring proceeds of $150 million.

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Business Valuation for Buying a Car Wash

Peak Business Valuation

Are you hoping to purchase a car wash ? Understanding its value is key to a successful purchase. This is true whether this is your first time buying a car wash or one hundredth. An official valuation for buying a car wash can help. With a car wash appraisal , you can select, negotiate, and grow a car wash more effectively. Peak Business Valuation specializes in valuing car wash businesses across the United States.

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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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Don't Miss It: Dechert, Simpson Lead Month's Hot Deals

Law 360 M&A

A lot can happen in the world of mergers and acquisitions over the course of a month, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Dechert LLP and Simpson Thacher & Bartlett LLP.

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Global M&A lurches back to life

Financial Times M&A

After a weak 2023, a recent flurry of deals is the latest sign of a revival in activity.

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Del. Chancellor Questions 'Rush' To Amend Corporation Law

Law 360 M&A

Weeks before the Delaware State Bar Association sent state lawmakers a draft bill explicitly allowing corporations to broadly cede some governance rights to chosen stockholders, Chancellor Kathaleen St. J. McCormick of Delaware Chancery Court made an unprecedented, direct appeal to think twice.

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Proposed Delaware Amendments: Vice Chancellor Laster Weighs-in on LinkedIn

John Jenkins

If you’re interested in the ongoing debate over the proposed 2024 amendments to the DGCL, there’s one voice I think you’ll want to be sure not to miss – Vice Chancellor Travis Laster. Over on his LinkedIn page, the Vice Chancellor has authored posts raising important questions about the language of the proposed amendments.

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Investor To Admit Goosing Getty Stock With Sham Offer

Law 360 M&A

A former corporate executive has agreed to plead guilty to floating a sham deal to buy Seattle-based Getty Images Holdings so that he and a friend could profit off the company's inflated share price, federal prosecutors and securities enforcers said Friday.

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Paramount directors support sweetened offer from Ellison’s Skydance

Financial Times M&A

Final decision over Hollywood studio group rests with controlling shareholder Shari Redstone

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Monthly Merger Review Snapshot

Law 360 M&A

The U.S. Department of Justice sued to unwind the 14-year-old merger between Live Nation and Ticketmaster, while the Federal Trade Commission advanced pending challenges of a grocery megamerger and deals in the healthcare and designer fashion space. Here are some of the major merger review developments from May.

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Post-Merger Integration Best Practices and Pitfalls to Avoid

Sun Acquisitions

Mergers and acquisitions (M&A) mark a significant milestone in the business world, promising strategic growth and enhanced capabilities. However, the real challenge lies in the post-merger integration (PMI) phase, where the success or failure of the endeavor is often determined. This blog post will explore the best practices for post-merger integration and shed light on common pitfalls to help organizations navigate this critical phase effectively.

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Texas Justices Won't Review NexPoint Defamation Suit

Law 360 M&A

The Texas Supreme Court on Friday declined to review a Second Court of Appeals decision that revived in part NexPoint Advisors LP's defamation and business disparagement claims arising from statements made in response to the company's hostile takeover bid.

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Weekly Roundup: May 24-30, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 31, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 24-30, 2024 Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions Posted by Dave (Young Il) Baik (Nanyang Technological University), Clara Xiaoling Chen, and David Godsell (University of Illinois Urbana-Champaign), on Friday, May 24, 2024 Tags: BGD , Boar

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Frank Execs Must Keep Fighting JPMorgan Fraud Indictment

Law 360 M&A

A New York federal judge has refused to throw out an indictment accusing two former executives of a student financial aid startup of tricking JPMorgan Chase & Co. into a buyout, according to an order filed Friday.

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WWE Investor Attys Enter Battle Royal To Lead Merger Suit

Law 360 M&A

Two groups of shareholders have filed competing pitches for the lead plaintiff role in a consolidated class suit seeking damages from World Wrestling Entertainment founder Vincent McMahon and others in connection with WWE's $21 billion merger with Endeavor Group, both arguing they have most successfully pursued the suit's claims.

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Chobani Founder To Reopen Anchor Brewing In San Francisco

Law 360 M&A

Chobani Inc. founder Hamdi Ulukaya said Friday that he had acquired San Francisco-based Anchor Brewing Co., which closed its doors last year, calling it "the grand jewel" and promising to "bring it back stronger than ever before.

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