Mon.Nov 04, 2024

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Governance Protections of the 1940 Act and Abuses Allowed by Annual Meetings

Harvard Corporate Governance

Posted by Paul G. Cellupica and Kevin Ercoline, Investment Company Institute, on Monday, November 4, 2024 Editor's Note: Paul G. Cellupica is a General Counsel and Kevin Ercoline is an Assistant General Counsel at the Investment Company Institute. This post is supplemental to the Investment Company Institute’s comment letter. The New York Stock Exchange’s (NYSE) 1920s-era annual shareholder meeting requirement for listed closed-end funds (CEFs) has left open an end-run around the governance prot

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A turning point for private brands: How retailers can seize the opportunity

Mckinsey and Company

Products from private brands are appealing to consumers in new ways. Retailers can follow this well-tested recipe to improve their private-brand offerings and gain market share.

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SEC Charges Four Companies for Misleading Cyber Disclosures

Harvard Corporate Governance

Posted by Charu Chandrasekhar, Erez Liebermann, and Benjamin R. Pedersen, Debevoise & Plimpton LLP, on Monday, November 4, 2024 Editor's Note: Charu Chandrasekhar , Erez Liebermann , and Benjamin R. Pedersen are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Ms. Chandrasekhar, Mr. Liebermann, Mr. Pedersen, Julie Riewe , and Andrew J.

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How product-focused operations can accelerate global shipbuilding

Mckinsey and Company

A new operating model can help the global commercial and defense shipbuilding industry address bottlenecks and ramp up production as demand continues to soar.

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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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Tesla’s Solar ABS Deal Raises Standards In Financing Renewables

Global Finance

Tesla is setting new standards in renewable financing with its latest solar asset-backed securitization (ABS) deal, earning an unprecedented AAA rating. Fitch Analyst Hebbertt Soares notes that Tesla’s integrated business model, which bypasses traditional sales channels, may establish a blueprint for achieving top-tier credit ratings in a sector often limited by data and regulatory scrutiny.

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How leaders can tap the power of vulnerability

Mckinsey and Company

Showing vulnerability can build connections and trust. One place to start: create a ‘to be’ list rather than a ‘to do’ list.

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More Trending

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The productivity imperative for Australian general insurance

Mckinsey and Company

In the face of challenges, Australian insurers can look to global peers for inspiration in raising their own productivity.

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Comment on Is a Horde of Deadbeat Borrowers Again Walking Among Us? by Mary Thompson Thompson

Appraisers Blog

I knew there had to be something more behind the whole bias narrative other than them trying to get rid of us or pressure us to give them what they want. The whole twin malfeasance story with foreclosures hidden and soon to crash the market wide open makes the picture all to clear and complete. It always revolves around the almighty dollar and we are the pawns in their fraud game.

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Factors to Consider When Valuing an Assisted Living Facility

BV Specialists

Appraising an assisted living facility requires a multifaceted approach, as these businesses typically involve both real estate and healthcare components. So, if you're investing, selling, or simply evaluating an operation for internal purposes, understanding the key factors that contribute to its value is essential. Assisted living facilities generate revenue primarily from resident fees, which can vary based on the level of care, amenities, and location.

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Comment on Is a Horde of Deadbeat Borrowers Again Walking Among Us? by Pray Hard

Appraisers Blog

Sorry to bring this up, but we have no control over what is happening. It’s simply too big and it’s not just the US, it’s global. We don’t really even have any input except our usual barking up an empty tree. And, it’s not just us. It’s the title companies, the inspectors, the surveyors … all of the impartial input occupations.

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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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Staffing 360 Solutions Soars On $25M Buyout Deal With Atlantic: Details

Benzinga

Staffing 360 Solutions, Inc. (NASDAQ: STAF ) shares surged on Monday after the company disclosed a definitive agreement under which Atlantic International Corp. (OTC: ATLN ) will acquire all outstanding shares of Staffing’s common stock valued at ~$25 million. As per the deal, Staffing 360 shareholders are set to receive 1.202 shares of Atlantic for each share they hold.

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Comment on FHFA’s Appraisal Waivers Expansion by Charles Haley

Appraisers Blog

I reviewed many appraisals and found discrepancies where the appraiser did not verify the MLS data, which turned out to be incorrect. Significant concessions that affect the price are not accounted for. I seldom see an appraiser come in short on purchases, even in some slower markets. I don’t see much of a risk of dropping appraisers from the process.

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How Can You Build a Golden Nest Egg If You're Self-Employed?

Machen McChesney

If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is also an option for self-employed individuals or business owners who wish to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan.

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Comment on Is a Horde of Deadbeat Borrowers Again Walking Among Us? by Baggins

Appraisers Blog

In reply to Claire B. The housing market should have already taken a substantial mark down. One point of highlighting the gse wholesale liquidation programs is that every borrower default provides a financial incentive for the investor class to further speculate in residential housing, propping up the markets, contributing to inflationary trends alongside permanently over valued rental and pricing structures.

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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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Anglo American to offload Australian coal mining stake for $1.1bn

Financial Times M&A

London-listed group sells holding as it pushes ahead with radical plans to streamline business

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Comment on FHFA’s Appraisal Waivers Expansion by Spencer Paul

Appraisers Blog

In reply to Charles Haley. And what cheap-a** lender do you work for? Our job is not to force the sale to go through to not go through. I’m starting to think you really don’t know what appraiser’s really do. Also, I have noted that you said “the” appraiser as in singular. So I’m I correct in the assumption that you are taking a single report and applying it’s findings unilaterally?

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Warren Buffett’s Apple trade exposes Berkshire’s dilemma

Financial Times M&A

The tech stock bonanza has helped obscure the dearth of juicy opportunities for group

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Comment on Is a Horde of Deadbeat Borrowers Again Walking Among Us? by Claire B

Appraisers Blog

Sadly, but true, we don’t have much control. If homeowners are just “given” $25,000 to buy a home, it will likely get worse.

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Impact of AI and Automation on M&A Strategy: Reshaping the Process from Deal Sourcing to Integration

Sun Acquisitions

In today’s digital era, artificial intelligence (AI) and automation are revolutionizing industries worldwide, and mergers and acquisitions (M&A) are no exception. These technologies are fundamentally altering how businesses approach M&A, enhancing efficiency, reducing risks, and unlocking new opportunities for value creation. This blog post explores the profound impact of AI and automation on M&A strategy, covering deal sourcing, due diligence, and post-merger integration.

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Comment on Is a Horde of Deadbeat Borrowers Again Walking Among Us? by Chase Pursley

Appraisers Blog

Government complicity enables deadbeat borrowers, burdening housing market disconnect & artificially inflating home prices.

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UK competition regulator outlines remedies for £16.5bn Vodafone-Three deal

Financial Times M&A

CMA calls for commitments to deliver joint network plan and retaining certain mobile tariffs and data packages

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Comment on FHFA’s Appraisal Waivers Expansion by Dave

Appraisers Blog

NOT TO change the subject, but can someone explain to us why a group of 4 licensed appraisers can only receive work individually and collaboration is NOT ALLOWED by any of the AMCs?

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EQT Makes $1.4B Takeover Offer For Component Distributor

Law 360 M&A

Swedish private equity firm EQT AB unveiled a $1.4 billion take-private bid for machinery component distributor OEM International AB on Tuesday after securing shareholders' backing for the takeover offer.

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Redeveloping legacy sites to boost global maritime industry capacity

Mckinsey and Company

How can the global commercial and defense maritime industry meet the recent spike in demand while saving time and costs? With a strategic process to redevelop their existing legacy sites and assets.

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UK Could Clear £16.5B Vodafone-Three Deal After Fixes

Law 360 M&A

The Competition and Markets Authority said Tuesday that it could wave through a proposed £16.5 billion ($21.4 billion) merger between Vodafone Group PLC and the telecommunications networks of Three UK if they commit to investing in infrastructure and protecting customers.

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Shifting currents: The role of shipbuilders in enhancing naval fleets

Mckinsey and Company

As the global security context changes, government defense budgets are shifting. Shipbuilders could adjust their offerings in response to navies seeking to improve fleet capabilities and readiness.

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Del. Judge To Approve Avante Ch. 11 Financing

Law 360 M&A

A Delaware bankruptcy judge Monday agreed to approve debtor-in-possession financing for Jordan Health, the corporate parent of medical equipment service provider Avante Health, after the debtor and DIP lender struck a deal with the official committee of unsecured creditors.

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Stonepeak Lands ATSG In $3.1 Billion Deal, Offering 29% Premium: Details

Benzinga

Air Transport Services Group, Inc. (NASDAQ: ATSG ) shares are trading higher after the company disclosed that it will be acquired by Stonepeak for around $3.1 billion. According to the definitive agreement, unanimously approved by ATSG’s Board of Directors, ATSG common shareholders will receive $22.50 in cash per share. This purchase price reflects a premium of about 29.3% over ATSG’s closing share price on November 1, 2024, and a 45.5% premium over the volume-weighted average price

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Nextdoor Inc. Investors Sue After De-SPAC Stock Drop

Law 360 M&A

Investors in a special purpose acquisition company that took neighborhood network app Nextdoor Inc. public at a $4.3 billion valuation in July 2021 have sued the SPAC's sponsors and founding directors for damages in Delaware's Court of Chancery, accusing architects of the deal of overvaluing the business.

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Tax engine integration strategies for digital transformation success

ThomsonReuters

← Blog home As corporate tax departments embrace digital transformation, utilizing a tax engine to automate and simplify tax calculations and reporting is becoming a core part of their strategy. Indeed, fully half of tax professionals surveyed recently said their companies are either already using an indirect tax determination engine or plan to purchase one in the next 12 months, according to the Thomson Reuters Institute 2024 Corporate Tax Technology Report.

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Door Factory Buyer Wants To Defend Deal In Antitrust Case

Law 360 M&A

The proposed buyer of a door-skin manufacturing plant asked a Virginia federal court for permission to intervene in the private antitrust case that led to a landmark order forcing Jeld-Wen to unload the factory.

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Navigating the new era of auditing with AI technology: Meet Audit Intelligence Analyze

ThomsonReuters

← Blog home In the rapidly evolving field of auditing, AI-powered technologies are revolutionizing traditional processes. As emerging technologies and regulations reshape the field, many auditors find themselves grappling with outdated processes and inefficiencies. The need for advanced technologies in modern auditing has never been more apparent, and artificial intelligence (AI) is at the forefront of this evolution.

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Federal Trade Commission Atty Returns To Katten In DC

Law 360 M&A

An attorney who spent more than a decade at the Federal Trade Commission has returned to private practice at Katten Muchin Rosenman LLP, where he began his legal career, boosting the firm's offerings for clients as they navigate increased antitrust scrutiny and enforcement.

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How to Address a Low SBA Business Valuation

Peak Business Valuation

SBA financing is a great source for individuals looking to buy a business. Buyers directly benefit by receiving affordable financing to buy a business. However, SBA lending comes with various criteria to meet that can be challenging. One challenge for SBA lenders is receiving an SBA business valuation that comes in lower than expected. A low SBA business valuation often raises several questions for buyers , sellers , and SBA lenders.