Fri.Mar 15, 2024

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Earnings News and Over-the-Counter Markets

Harvard Corporate Governance

Posted by Stefan J. Huber (Rice University), Chongho Kim (Seoul National University), and Edward M. Watts (Yale University), on Friday, March 15, 2024 Editor's Note: Stefan J. Huber is an Assistant Professor of Accounting at Rice University, Chongho Kim is an Assistant Professor of Accounting at Seoul National University, and Edward M. Watts is an Assistant Professor of Accounting at the Yale School of Management.

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What China Is Saying About the TikTok Furor in Washington

NYT M&A

A bill to force TikTok’s sale in the United States has been criticized by Beijing but has not triggered a high-alert public response or retaliation.

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Trending Sources

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Strengthening data governance in US public health agencies

Mckinsey and Company

US public sector agencies offer valuable lessons on how public health agencies can approach data governance in a holistic way.

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TikTok Bill’s Progress Slows in the Senate

NYT M&A

Legislation to force TikTok’s Chinese owner to sell the app or have it banned in the United States sailed through the House, but the Senate has no plans to move hastily.

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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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The CEO’s secret to successful leadership: CEO Excellence revisited

Mckinsey and Company

Three McKinsey senior partners—and, now, international best-selling authors—reflect on the far-reaching impact of their book, CEO Excellence, two years after its release.

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The Capital One-Discover Deal Won’t Fix Our Broken Credit Card System

NYT M&A

The Capital One/Discover deal will do nothing to fix our broken and predatory credit-card system.

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More Trending

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UAE-backed Telegraph takeover group weighs up selling stake as ban looms

The Guardian M&A

Potential move by RedBird IMI follows UK government plan to ban foreign state ownership of newspapers The United Arab Emirates-backed consortium RedBird IMI is considering a sale of its stake in the Telegraph, after its attempt to take over the media group was effectively scuppered by UK government plans to ban foreign state ownership of newspapers.

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Comment on Marcia Fudge leaving HUD! by Retired Appraiser

Appraisers Blog

Regarding today’s massive NAR news: It just opened the door for Realtor Management Companies. Careful what you wish for homeowners. You just opened a 199 story can of worms. Anyone up for a huge reverse auction over commissions?

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Vodafone to sell Italian business to Swisscom for €8bn

Financial Times M&A

UK telecoms group pledges to return €4bn to shareholders after ‘final step’ in reshaping of European operations

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Vodafone to sell Italian business to Swisscom for €8bn

The Guardian M&A

UK telecoms group says some of proceeds will be returned to investors via share buybacks Business live – latest updates Vodafone is selling its Italian business to Swisscom for €8bn (£6.8bn) cash and plans to return €4bn to shareholders. The telecoms company said it had reached an agreement to sell Vodafone Italy as part of wider plans to streamline its European operations and that some of the proceeds would be returned to investors via share buy-backs.

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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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Fleet Street’s rotten borough has seized the Telegraph from Abu Dhabi

Financial Times M&A

Conservative politicians and journalists joined forces to block a £600mn acquisition of the news organisation by RedBird IMI

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Young Entrepreneurs Find a Way to Indulge Their C.E.O. Dreams

NYT M&A

Fresh business school graduates are raising “search funds” from willing investors to buy companies they can lead.

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Grant Thornton US sells majority stake to private equity

Financial Times M&A

Deal with New Mountain Capital is largest to date as PE firms rush into accounting sector

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JD.com Backs Out of Currys Acquisition, Eyeing Other Expansion Paths, Stock Slips

Benzinga

Alibaba Group Holding Limited (NYSE: BABA ) rival JD.com Inc (NASDAQ: JD ), recently announced it would not pursue an acquisition of British electrical retailer Currys. JD.com’s stock price declined after the report. This decision comes shortly after US investor Elliott Advisors also opted out of making an offer for Currys, having had its proposals of 62 pence and 67 pence per share declined.

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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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UK competition watchdog to probe Barratt’s £2.5bn Redrow acquisition

Financial Times M&A

Housebuilders already facing pressure after earlier CMA investigation into suspected information sharing

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Seizing Opportunities for Quick and Decisive Acquisitions: How All-Cash Offers Stand Out in the Business Acquisition Landscape

Sun Acquisitions

In the fast-paced world of business acquisitions , the ability to seize opportunities quickly and decisively can make all the difference. One strategy that stands out in this landscape is all-cash offers. This blog post will explore why all-cash proposals are gaining traction and how they set themselves apart from other acquisition methods. The Need for Speed In today’s competitive business environment, timing is everything.

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Gerald Levin, AOL-Time Warner executive, 1939-2024

Financial Times M&A

Architect of disastrous dotcom-era media merger was once renowned as the visionary behind HBO

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Vodafone To Sell Italy Operation To Swisscom For €8B

Law 360 M&A

Vodafone Group PLC said Friday that it will sell its Italian business to rival Swisscom AG for €8 billion ($8.7 billion) in cash to streamline its European business operations.

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Cybersecurity perception is reality until facts intervene

LaPorte

(authored by RSM US LLP) To ensure cybersecurity preparedness, boards need to transform their perception of cybersecurity governance into reality. The post Cybersecurity perception is reality until facts intervene first appeared on LaPorte.

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Judge Asks Colo. Why Grocery Merger Case Can't Wait

Law 360 M&A

A state judge in Denver has asked Colorado enforcers why they need to have a hearing on their bid to block Kroger's planned $24.6 billion purchase of fellow grocery store giant Albertsons before other hearings in challenges from federal enforcers and Washington state.

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Managing Complaints: The Role of the Three Lines of Defense

N Contracts

Complaint management requires direct communication, but that’s easier said than done. Most financial institutions are siloed. Departments are named after the specific set of tasks they focus on (compliance, risk, vendor management, lending, or customer service). These departments all collect information that other departments need. The situation is made even more complex with the addition of more products, services, delivery channels, and partnerships.

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Hospitals Say Constitutional Defenses Valid In FTC Merger Row

Law 360 M&A

Two North Carolina hospital systems shot back at the Federal Trade Commission's contention that constitutional defenses are immaterial to the agency's challenge of a $320 million merger plan, arguing that case law shows that striking the positions would be premature.

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Eagle Ford M&A

Auto Dealer Valuation Insights

Over the past twelve months, deal activity in the Eagle Ford has fallen off a cliff, with only two deals closing compared to 13 transactions closed in the prior twelve-month period. Significant volumes of wet gas, NGLs, and rich condensate combined with the proximity to the Port of Corpus Christi fueled deal momentum in the twelve months ended February 28, 2023.

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Marathon Digital Pays $87.3M For Bitcoin-Mining Data Center

Law 360 M&A

Bitcoin-mining company Marathon Digital Holdings Inc., advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Friday announced it is buying Lowenstein Sandler LLP-led Applied Digital Corp.'s bitcoin-mining data center in Texas for a net purchase price of $87.3 million.

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Concrete Equipment Appraisals

Peak Business Valuation

Concrete holds our world up. Our safety and success depends on its stability. Concrete equipment is an essential asset to a concrete or construction company. It handles the mixing, pouring, transporting, cutting, forming, and testing of concrete. It also represents a significant financial value for a business. Understanding this value is key to accurate and reliable decision-making.

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Antitrust Enforcers' Views On Info Exchanges Are Evolving

Law 360 M&A

As antitrust enforcers' views on information exchanges between competing companies have matured in response to technological advances, companies would do well to reconsider whether the exchanges in which they participate meet the most recent compliance benchmarks, say attorneys at Norton Rose.

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AMA: Jim Wilkinson, co-founder of Zuto

Vested

Jim Wilkinson is the co-founder of Zuto , a revolutionary online marketplace that matches customers with the best car finance and loan deals. We asked Jim to tell us how it all began and what Zuto does differently.

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Disney Star Takes Zee To Arbitration Over Sports-Airing Pact

Law 360 M&A

The Walt Disney Co.-owned Star India has begun proceedings in the London Court of International Arbitration against broadcaster Zee Entertainment Enterprises for failing to meet terms of an agreement related to the airing of certain cricket matches, Zee disclosed Friday.

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Benchmark International Successfully Facilitated the Transaction Between Allpack Packaging Supplies Limited and Macfarlane Group PLC

Benchmark Report

Macfarlane Group has announced the acquisition of Allpack Packaging Supplies Limited, in a deal facilitated by Benchmark International.

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PE Has Heightened Appetite For Deals Versus Corporates

Law 360 M&A

Private equity players had a greater appetite for large deals compared to their corporate counterparts moving into 2024, and they also anticipated hashing out a higher number of them, according to a report from software company SS&C Intralinks.

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Addressing the risk from generative AI

Norman Marks

McKinsey has shared with us some more useful insights and advice, this time in Implementing generative AI with speed and safety. They tell us (with my emphasis): Generative AI (gen AI) presents a once-in-a-generation opportunity for companies, with the potential for transformative impact across innovation, growth, and productivity.

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French Shipper Boosts Media Division With €1.6B Altice Deal

Law 360 M&A

French shipping giant CMA CGM on Friday announced that it has agreed to buy Altice Media, France's third-largest private-sector media group, for a total enterprise value of €1.55 billion ($1.69 billion) in an effort to beef up its media division.

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Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

Benzinga

WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN ) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virg

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Onix Networking Buyer Sues Seller In Del. Alleging Deal Fraud

Law 360 M&A

A private equity firm that bought Onix Networking Corp. in 2022 has sued the company's former owners in Delaware's Court of Chancery to rescind the deal, alleging seller fraud and misrepresentation of annual revenues by "tens of millions of dollars.