Tue.Apr 02, 2024

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The SEC Climate Disclosure Rule: Separating Signal from Noise

Harvard Corporate Governance

Posted by Miriam Wrobel, FTI Consulting, on Tuesday, April 2, 2024 Editor's Note: Miriam Wrobel is Senior Managing Director and Global Leader of FTI Consulting’s Environmental, Social and Governance and Sustainability practice. This post is based on a FTI Consulting memorandum by Ms. Wrobel, Ben Herskowitz , Alanna Fishman , Todd Rahn , and John Glennon.

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Deal Talks Between Paramount and Skydance Heat Up

NYT M&A

David Ellison, the founder of the Skydance media company, met with Paramount’s board of directors late last month to discuss the deal.

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Trending Sources

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Corporate Transparency Act Ruled Unconstitutional, but Scope of Judgment Is Limited

Harvard Corporate Governance

Posted by Satish Kini, Aseel Rabie and Jonathan Steinberg, Debevoise & Plimpton LLP, on Tuesday, April 2, 2024 Editor's Note: Satish Kini is a Partner, Aseel Rabie is a Counsel, and Jonathan Steinberg is an Associate at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Kini, Ms. Rabie, Mr. Steinberg, Jeremy Lin, and Elliot Werner.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers. The probe centers around Ohtani’s former interpreter, Ippei Mizuhara, who has been accused of illegal sports gambling and significant financial theft.

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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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Corporate Technocracy ESG Governance Beyond Shareholder Democracy or Managerialism

Harvard Corporate Governance

Posted by Aisha Saad, Georgetown University, on Tuesday, April 2, 2024 Editor's Note: Aisha Saad is an Associate Professor of Law at the Georgetown University Law Center. This post is based on her article forthcoming in the Columbia Business Law Review. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Comment on We Need a Lobbyist by Mike Ford, AGA™

Appraisers Blog

In reply to Pat Turner. Agree 100% Pat. Its also a dirrect violation of the Dodd Frank Act. When they can only cite “May be bias, vague or subjective” as a reason it proves they have no specific objection to any individual words. By the way, FNMAs own forms call for subjective ratings using poor, fair, average, good etc. We are supposed to replicate the decision making actions of typical buyers in the markets we serve.

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Credit Union Examiners to CEOs: Fair Lending Exams are Coming!

N Contracts

We recently heard a credit union CEO say: “We are a credit union. We wouldn’t hurt our members, so we don’t have to worry about fair lending.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Shawn M Prince

Appraisers Blog

In House or Remote Property Inspectors Needed at RemoteWorker US About the job Property Inspectors Needed No experience needed Will train This becomes a career with no down sizing and no lay off’s Work your own hours Management positions available based on performance not on who likes you Earn while in training No physical labor just educating client “This is a job posting” This is what Fannie wants and has obtained as the future of valuation” 0

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Silver Lake to Take Endeavor Private, Valuing the Company at $13 Billion

NYT M&A

Silver Lake, the investment company, will buy shares in the Hollywood and sports firm that it doesn’t already own, valuing Endeavor at $13 billion.

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Senators urge White House to investigate Nippon Steel ties to China

Financial Times M&A

Japanese company’s bid for US Steel further complicated by industrial state politicians

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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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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Spencer Paul

Appraisers Blog

A post by an appraiser trainee described a troubling situation involving the use of ChatGPT to generate content for an appraisal report.

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Why Kids Online Clothing Firm Kidpik Shares Are Jumping Premarket Tuesday

Benzinga

Kidpik Corp. (NASDAQ: PIK ) shares rocketed premarket Tuesday after it disclosed a definitive merger agreement with Nina Footwear Corp. in an all-stock transaction. As per the terms, Nina Footwear stockholders will be issued Kidpik’s common shares, such that upon closing, its stockholders will own 80% of Kidpik’s outstanding common shares.

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Benchmark International Successfully Facilitated The Transaction Between PS International, Inc. And Rockford Separators

Benchmark Report

PS International designs, engineers, and delivers peak-performance oil-water separators with supporting lift stations and specialty tanks for industrial and commercial wastewater treatment. The company serves a diversified customer base that includes contractors and resellers in the industrial and commercial markets in the US and abroad.

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Sun Acquisitions is pleased to announce the sale of Griffin Products, LLC. to Grace Manufacturing

Sun Acquisitions

CHICAGO, IL, April 2, 2024 — Griffin Products, LLC., established in 2017, has carved a niche in the market by specializing in manufacturing outdoor living and garden décor products. With a robust distribution network spanning over 5,500 brick-and-mortar stores nationwide, Griffin has cemented its position as a critical player in the industry. New owners Grace Manufacturing boasts a rich history, having been founded in 1966.

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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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London’s private clubs face public revolt

Financial Times M&A

Plus, UK private equity dealmakers make a windfall on carried interest and a news-powered hedge fund raises more than $100mn

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CEO Planning for 2024 and Beyond: How to Avoid High-Cost CEO Mistakes

Rhythm Systems

We are coming into that time of year when many companies are gearing up or doing their annual planning to prepare for next year. In preparation, we are presenting a webinar with the Association for Corporate Growth, ACG, to highlight some of the mistakes companies make and three essential lessons that can help you avoid them and the failure accompanying them.

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Online retailer Mytheresa among suitors for Yoox Net-a-Porter

Financial Times M&A

Private equity firms Bain Capital and Permira also interested in lossmaking ecommerce business owned by Richemont

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Mercer Capital Sponsoring and Presenting at the 2024 Transitions Spring Conference

Auto Dealer Valuation Insights

Mercer Capital is proud to again sponsor the Family Business Magazine’s 2024 Transitions Spring conference. This event will be held April 17-19, 2024, at the Grand Hyatt in Tampa, Florida. Travis Harms, CFA, CPA/ABV and Atticus Frank, CFA, ABV will be attending the conference.

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Top 5 Strategies for Building the IMO Dream Team

M&A Leadership Council

Take A Coach's Approach to Forming a Championship M&A Integration Team By M&A Leadership Council Transitioning project managers from a PMO (Project Management Office) to an IMO (Integration Management Office) requires strategic maneuvering akin to assembling a championship sports team. The success of this transition hinges on more than just the skill sets of individual players; it demands a coherent approach that unites diverse talents toward a common goal.

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FCF Valuation Monitor – Q1 2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q1 2024”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and. Read more The post FCF Valuation Monitor – Q1 2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Trust in healthcare: The path to empowered patients and responsible AI

Avanade

As healthcare organizations consider the next level of innovation, the focus must shift towards productizing patient outcomes while harnessing the power of Responsible AI.

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Goldman Sachs expands private credit reach with Kennedy Lewis stake

Financial Times M&A

Bank’s Petershill Partners unit reaches deal that values investment firm at more than $1bn

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The Proposed 2024 Amendments to the Delaware General Corporation Law

Reynolds Holding

Legislation proposing to amend the General Corporation Law of the State of Delaware (the “DGCL”) has been approved by the Council of the Corporation Law Section of the Delaware State Bar Association and is expected to be introduced to the Delaware General Assembly for consideration during its 2024 regular session. If enacted, the 2024 amendments will, among other things, make the following changes: Section 122, which enumerates express powers that a corporation may exercise, is being amended in

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CVC accused of ignoring Kenyan co-operatives in tea estates sale

Financial Times M&A

Local group claims its expression of interest in buying troubled plantations has gone unacknowledged

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Bankruptcy by Another Name

Reynolds Holding

In the past few years, bankruptcy has emerged as a popular tool for resolving mass-tort litigation. Academics have largely greeted this development with skepticism and alarm, arguing that large corporations turn to bankruptcy to reduce expected payouts at the expense of plaintiffs who have been harmed by corporate misconduct. In an earlier article , we defended mass-tort bankruptcies as providing a process that can offer significant economic benefits to both plaintiffs and corporate defendants

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Grocery Outlet Holding Corp. Closes Acquisition of United Grocery Outlet

Benzinga

EMERYVILLE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO ) ("Grocery Outlet" or the "Company") today announced the closing of the previously announced acquisition of United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

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Talent agency Endeavor to go private in $13bn deal with Silver Lake

Financial Times M&A

Shares of Ari Emanuel’s Hollywood powerhouse have declined in three years since IPO

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Reliance, Inc. Acquires Mid-West Materials, Inc.

Benzinga

SCOTTSDALE, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS ) announced that it has acquired all the outstanding equity interests of Mid-West Materials, Inc. ("MidWest Materials"), a premier flat-rolled steel service center primarily servicing North American OEMs. Headquartered in Perry, OH and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trai

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What is the Cost of Business Valuation?

Equilest

Curious to learn more about how the cost of business valuation is determined and the various factors that influence pricing? Keep reading to delve deeper into this essential aspect of assessing the value of a business. What is the Cost of Business Valuation? In straightforward terms, the cost of business valuation can be as low as $99. But how is such a low cost possible?

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SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

Benzinga

Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to reach approximately $400 million within three years SLB will increase its total returns to shar

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How to Calculate a PPA Valuation

Peak Business Valuation

If you own a business or plan on acquiring one, understanding the true value of the business is pivotal. As such, it is beneficial to receive a purchase price allocation valuation. Purchase price allocation (PPA) is the process of valuing each asset and liability of a business. This helps business owners or prospective buyers gain a thorough understanding of a business’s value.

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FE International Advises Acquisition of Evalart by Noosa Labs

Benzinga

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- FE International , the leading mergers and acquisitions advisory firm for technology businesses, announces the strategic acquisition of Evalart , a leading Latin American provider of skill assessment software, by Noosa Labs , a company specializing in acquiring and nurturing smaller SaaS businesses with less than $1M in annual recurring revenue.

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Getty Images Acquires Motorsport Images, a Specialist Motorsport Archive

Benzinga

LONDON, April 02, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY ), a preeminent global visual content creator and marketplace, and Motorsport Images , a specialist motorsport archive, today announced that Getty Images has acquired Motorsport Images, including its operative arm LAT Images and its Sutton, Schlegelmilch, Colombo and Dukes Video archives.

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Appili Therapeutics Signs Definitive Agreement to be Acquired by Aditxt, Inc.

Benzinga

Transaction consideration provides a significant premium to the Appili shareholders Combined enterprise expected to provide enhanced synergies and resources to advance key programs NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HALIFAX, Nova Scotia, April 02, 2024 (GLOBE NEWSWIRE) -- Appili Therapeutics Inc.

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