Sun.Sep 08, 2024

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Audit Committee Practices Report

Harvard Corporate Governance

Posted by Krista Parsons and Vanessa Teitelbaum, Deloitte LLP, on Sunday, September 8, 2024 Editor's Note: Krista Parsons is a Managing Director at Deloitte LLP and Vanessa Teitelbaum is a Senior Director at the Center for Audit Quality. This post is based on their Deloitte memorandum. Key Findings As the regulatory environment grows in complexity and organizations address new and continuing challenges, additional expectations are placed on audit committees.

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Circle K owner still wants friendly 7-Eleven deal after $39bn offer rejected

Financial Times M&A

Shares in Seven & i Holdings rise on hopes of improved offer from Canada’s Alimentation Couche-Tard

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Asia–Pacific’s family office boom: Opportunity knocks

Mckinsey and Company

Banks, insurers, multi-family offices, and WealthTechs can serve the many family offices in Hong Kong and Singapore by using a framework focused on solutions, service, scalability, and security.

Banking 105
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OCI hits $11.6bn in sale proceeds with disposal of methanol unit

Financial Times M&A

Nassef Sawiris-led chemicals group agrees $2bn sell-off to Methanex as part of ambitious break-up plan

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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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Timing the Sale of Your Founder-Owned Enterprise

Exit Strategy

For founder- and family-owned businesses, deciding to sell is much more than a financial decision. Its a pivotal moment that marks the culmination of years, often decades, of dedication and hard work. The timing decision involves personal and market factors that can significantly influence the outcome of a sale. Understanding the right moment to sell […] The post Timing the Sale of Your Founder-Owned Enterprise appeared first on Exit Strategies Group, Inc.

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Anglo faces uncertainty over coal unit valuation after fire at flagship mine

Financial Times M&A

Some offers presented this week may include payment structures contingent on the state of Grosvenor, say bankers

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Circle K Owner Couche-Tard Pursues Talks With 7-11 Operator Seven & I After $38.5B Bid Rejected

Benzinga

Alimentation Couche-Tard Inc (OTC: ANCTF ) has approached Seven & i Holdings (OTC: SVNDY ) for discussions after its $38.5 billion offer was declined. The Canadian firm remains interested in the acquisition. What Happened : Seven & i stated that the offer was not in the best interest of its shareholders and could face antitrust issues in the U.S., where the combined entity would become the largest convenience store operator.

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Davis Polk Discusses FDIC Proposal to Expand Reach Over Bank Holding Company Investments

Reynolds Holding

The Federal Deposit Insurance Corporation (FDIC) recently proposed and published a Federal Register notice for a proposed rule that would revise the agency’s Change in Bank Control Act (CIBCA) regulations. Specifically, the proposed rule would add a second layer of review to any acquisition of securities of a holding company of an FDIC-supervised institution (i.e., state non-member banks and insured state savings associations) that would require notice to the Federal Reserve Board under the C

Banking 45
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Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion

Benzinga

Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural gas feedstock Aligns with Methanex's strategic priorities and value-creation strategy Acquisition expected to be immediately accretive to free cash flow per share OCI to hold a 13 percent ownership interest upon closing VANCOUVER, British Columbia, Sept. 08, 2024 (GLOBE NEWSWIRE) -- Methanex C

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Congress Should Repeal the Least-Cost Requirement for Resolving Failed Banks

Reynolds Holding

JPMorgan’s acquisition of First Republic Bank after its spectacular collapse in April 2023 sparked immediate outrage among some financial policymakers. Democratic Senator Elizabeth Warren decried the transaction as “troubling,” and Republican Senator JD Vance called it “a really bad deal for consumers [and] a really bad deal for the risk of our financial system.

Banking 49
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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