Harvard Corporate Governance

JULY 11, 2024

Posted by Stavros Gadinis (University of California at Berkeley), on Thursday, July 11, 2024 Editor's Note: Stavros Gadinis is Professor of Law at the University of California at Berkeley School of Law. This post is based on his working paper. The global push for corporate climate disclosure has gained significant momentum in recent years, with major financial centers and regulatory bodies introducing new rules and frameworks.

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IVSC

JULY 11, 2024

The IVSC has published its 2024 Agenda Consultation, aiming to shape the future of the International Valuation Standards (IVS). This triennial consultation invites stakeholders to provide their input on key valuation topics that are crucial for the ongoing development IVS. Purpose of the Consultation The Agenda Consultation seeks to gather feedback from a wide range of stakeholders, including valuation practitioners, Valuation Professional Organisations, (VPOs), financial institutions, investors

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Technology Intangible Assets Business Valuation 189

Harvard Corporate Governance

JULY 11, 2024

Posted by Kenneth Breen and Phara Guberman, Cadwalader, Wickersham & Taft LLP, on Thursday, July 11, 2024 Editor's Note: Kenneth Breen and Phara Guberman are Partners at Cadwalader, Wickersham & Taft LLP. This post is based on their Cadwalader memorandum. In a 6-3 decision issued on June 27, 2024 in SEC v. Jarkesy, the U.S. Supreme Court curtailed the U.S.

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Benzinga

JULY 11, 2024

SoftBank Group Corp. (OTC: SFTBF ) (OTC: SFTBY ) led by has announced the acquisition of Graphcore , a UK-based chipmaker, in a significant move to bolster its artificial intelligence capabilities. What Happened : SoftBank, led by Masayoshi Son , has acquired Graphcore, a startup focused on AI, founded by UK semiconductor industry veterans in 2016. The acquisition is part of SoftBank’s multibillion-dollar AI push and will position Graphcore alongside chip designer Arm Holdings PLC (NASDAQ:

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Equity Marketability 114

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

Trout CPA

JULY 11, 2024

Written by Randall Weaver, CPA As a real estate investor, maximizing your investment returns while effectively managing tax liabilities can free up cash, and “cash is king” in the current credit market. One strategy that can offer financial and tax advantages is installment sales, often coupled with seller financing. At Trout CPA, we specialize in providing comprehensive accounting, tax, and advisory services tailored to real estate investors.

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Finance Marketability 102

Benzinga

JULY 11, 2024

Advanced Micro Devices, Inc (NASDAQ: AMD ) announced its plan to acquire Finnish AI start-up Silo AI for $665 million, marking one of the largest AI takeovers in Europe. This acquisition aims to bolster AMD’s AI services to compete with market leader Nvidia Corp (NASDAQ: NVDA ). The acquisition of Silo AI, expected to close in the second half of this year pending regulatory approval, will bring Silo’s 300-member team into AMD’s fold to build custom large language models (LLMs),

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Start-ups Marketability 98

Financial Times M&A

JULY 11, 2024

Deal will give Bristol-based company a resource boost while advancing the ‘next big bet’ of Masayoshi Son’s group

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Law 360 M&A

JULY 11, 2024

Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices, which would bolster succession planning and improve access to justice, says Michael Di Gennaro at The Law Practice Exchange.

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Financial Times M&A

JULY 11, 2024

Consortium bets on growing demand for independent asset management among younger, more tech-savvy clients

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Appraisers Blog

JULY 11, 2024

In reply to Dan Trent. Hey Dan, I’m reading this post 4.5 years later (July, 2024). Just curious, have you been able to raise your fees yet due to Appraisers raising their fees? It would surprise me if you have. How is your “inch work effect” coming along?

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Appraisal 98

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

JULY 11, 2024

Deal would separate group’s media assets from its digital classifieds operation

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Lighter Capital

JULY 11, 2024

Every business needs cash — not only to keep the lights on, but to make strategic investments for growth. Managing cash flow isn’t easy, and it can be particularly challenging at a rapidly growing SaaS startup. Most SaaS businesses generate revenue from subscription-based solutions or annual contracts. The very nature of the SaaS business model can produce “lumpy” — even mercurial — cash flow reliant on when new business comes in, contracts are renewed, and customers churn out.

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Finance Dividends Start-ups Capital Structure 59

Sun Acquisitions

JULY 11, 2024

In business, mergers and acquisitions are often perceived through the lens of financial transactions and corporate strategy. However, beneath the surface lies a realm where creativity, intuition, and vision converge to shape the destiny of companies. Far from being mere business deals, mergers can be seen as an art form—an intricate dance of collaboration, innovation, and transformation to build more robust, resilient entities.

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Marketability Technology 59

Law 360 M&A

JULY 11, 2024

Only one of three warrant holders who sued a Nevada gold and silver mine in Delaware's Court of Chancery may move forward with a proposed class action, a Chancery Court judge has ruled, but the other pro se plaintiffs may continue with their individual claims.

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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

Benzinga

JULY 11, 2024

Shares of California Resources Corp. (NYSE: CRC ) closed higher on Thursday after Hunterbrook Media alleged that a California oil and gas regulator has not enforced a new environmental law in a merger between California Resources and Aera Energy LLC. California Resources is a 2014 spinoff of oil major Occidental Petroleum Corp. (NYSE: OXY ) that declared bankruptcy in 2020 before restructuring months later.

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Equity 52

Law 360 M&A

JULY 11, 2024

Tempur Sealy and Mattress Firm fired back at the Federal Trade Commission's bid to block a proposed merger between the mattress companies, contending in separate filings that the FTC's ambiguous allegations require tossing the agency's administrative complaint.

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Benzinga

JULY 11, 2024

Global mergers and acquisitions (M&A) activity has kept pace in the second quarter, with positive momentum set in the first three months of the year, according to a quarterly report from Willows Towers Watson (NASDAQ: WTW ). Data from the Quarterly Deal Performance Monitor revealed that 166 deals valued over $100 million were completed globally during the second quarter of 2024, matching the number of deals closed in the previous quarter.

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Law 360 M&A

JULY 11, 2024

South Korea said Thursday that it will look to overturn an arbitral award ordering it to pay some $32 million to a U.S. hedge fund following a dispute over a government bribery scandal that allegedly underpinned the $8 billion merger of two Samsung affiliates in 2015.

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Benzinga

JULY 11, 2024

Omnicom Group Inc. (NYSE: OMC ) shares have risen 5.4% against the 4.8% decline of the industry it belongs to. The company gains from investments made in precision marketing, data, analytics and others. Diversification in its revenue stream helps it tackle the dynamism of the advertising and marketing industry. However, a current ratio of less than 1 may pose a threat to the company paying off its short-term obligations.

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Marketability 52

Law 360 M&A

JULY 11, 2024

A lawsuit claiming that Yale New Haven Health Corp. is trying to back out of a $435 million deal to buy three Connecticut hospitals will go to a bench trial in December after a state court judge approved the parties' proposed schedule.

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Benzinga

JULY 11, 2024

Marsh & McLennan Companies, Inc. 's (NYSE: MMC ) Marsh McLennan Agency ("MMA"), a division of MMC's Marsh business, recently inked a definitive deal to purchase the Illinois-based leading full-service insurance broker, The Horton Group, Inc. The transaction is expected to be completed in the third quarter of 2024, but the terms of the deal have been kept under wraps.

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Marketability 52

Law 360 M&A

JULY 11, 2024

An attorney for former Caravan Health Inc. stockholder representatives told a Delaware vice chancellor on Thursday that acquirer Signify Health Inc. sabotaged Caravan's business in order to scuttle an obligation to add as much as $50 million in performance-based "earnouts" to the $250 million merger price.

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Benzinga

JULY 11, 2024

Envestnet, Inc. (NYSE: ENV ), a provider of integrated technology, intelligent data, and wealth solutions, announced a definitive agreement to be acquired by Bain Capital in a deal valuing the company at $4.5 billion ($63.15 per share). Reverence Capital and strategic partners, including BlackRock Inc (NYSE: BLK ), Fidelity Investments, Franklin Templeton, and State Street Global Advisors, will also invest in the.

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Technology Equity 52

Law 360 M&A

JULY 11, 2024

Special-purpose acquisition company Relativity Acquisition Corp. on Thursday revealed that it is in talks with online casino game maker Mazaii Corp. Ltd. to acquire the company and take it public in a deal that values the casino game maker at an initial enterprise value of $500 million.

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Enterprise Value 52

Benzinga

JULY 11, 2024

On Thursday, Prenetics Global Limited (NASDAQ: PRE ) announced that former international footballer, entrepreneur, and philanthropist David Beckham has become a strategic investor in the business. Prenetics and Beckham will become co-founding partners of a new health and wellness brand, IM8, which will focus on consumer health products, with details to be announced at a later date.

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Law 360 M&A

JULY 11, 2024

Platinum Equity Advisors has agreed to purchase Heroux-Devtek in a take-private deal that values the Quebec-based manufacturer of aerospace products at CA$1.35 billion ($990.1 million), Heroux-Devtek said in a statement Thursday.

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Equity 52

Benzinga

JULY 11, 2024

Shares of Republic Services Inc (NYSE: RSG ) were climbing in early trading on Thursday. The stock is trading at a discount of around 10% to its direct Solid Waste peers, while the company's growing Environmental Services platform has the potential for margin expansion, according to Truist Securities. The Republic Services Analyst: Tobey Sommer upgraded the rating Republic Services for from Hold to Buy, while raising the price target from $192 to $220.

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Law 360 M&A

JULY 11, 2024

As radiopharmaceutical drugs are increasingly used for the diagnosis and treatment of certain diseases, interest from Big Pharma entities is following suit, despite some questions around the drugs' capacity to expand beyond their limited niche, says Adrian Toutoungi at Taylor Wessing.

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Vested

JULY 11, 2024

What does it take to stand out in the fintech and equity management world? It’s a question we often ask ourselves. We know that innovative technology is a must. Ditto a strong company culture.

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Equity Technology 52

Law 360 M&A

JULY 11, 2024

DLA Piper-advised Earned Wealth announced on Thursday that it received a $200 million growth investment from growth equity investors while simultaneously unveiling its acquisition of fellow medical professional-focused financial services firm Thomas Doll.

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Equity 52

Peak Business Valuation

JULY 11, 2024

Bakeries are unrivaled in producing fresh and quality flour-based goods. With careful attention to detail, operating a bakery can be very rewarding. As such, buying a bakery may be a promising opportunity for you. If you are looking to buy a bakery, it is important to understand its value. As part of a business valuation for buying a bakery, you will be equipped with the knowledge you need to succeed in the baking industry.

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Business Valuation Fair Market Value Appraisal Start-ups 52

Law 360 M&A

JULY 11, 2024

Ropes & Gray-led Bain Capital will buy Envestnet Inc., guided by Paul Weiss, in a take-private deal that values the financial technology company at $4.5 billion, Envestnet said in a statement Thursday.

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Technology 52

Benzinga

JULY 11, 2024

MONTRÉAL, July 11, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI ) ("Genius Metals" or the "Company") is pleased to announce that it has entered into an option agreement with Société Bleida Mineral Ressources SARL to acquire a 100% interest in the BMR Cu-Au project, located in the Kingdom of Morocco. This option agreement was negotiated at arm's length.

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Law 360 M&A

JULY 11, 2024

The U.K. audit watchdog said on Thursday that it has upheld its 20-year exclusion from the accountants' professional body of the chief financial officer of software company Autonomy after he was convicted of fraud and securities offenses in the U.S.

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