Wed.Jan 22, 2025

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Insider Trading in Connected Firms during Trading Bans

Harvard Corporate Governance

Posted by Marc Goergen (IE Business School), Luc Renneboog (Tilburg University), and Yang Zhao (University of Liverpool), on Wednesday, January 22, 2025 Editor's Note: Marc Goergen is a Professor of Finance at IE Business School, Luc Renneboog is a Professor of Corporate Finance at Tilburg University, and Yang Zhao is a Senior Lecturer in Financial Data Analysis at University of Liverpool.

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The Standard Business Mileage Rate Increased in 2025

Machen McChesney

The nationwide price of gas is slightly higher than it was a year ago, and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile rate for the business use of a car, van, pickup, or panel truck is 70 cents. In 2024, the business cents-per-mile rate was 67 cents per mile.

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Voting on Voting Rights: How the World’s Largest Investors Sanction Companies with Unequal Voting Rights

Harvard Corporate Governance

Posted by Caroline Escott and Shane McCullagh, Investor Coalition for Equal Votes (ICEV), on Wednesday, January 22, 2025 Editor's Note: Caroline Escott is a Senior Investment Manager and Chair and Shane McCullagh is an Investment Analyst at Investor Coalition for Equal Votes (ICEV). This post is based on an ICEV memorandum by Ms. Escott, Mr. McCullagh, and Glenn Davis.

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Comment on The Shadowy AMC Fees Draining Billions from Homebuyers by HowYouLikeThat

Appraisers Blog

In reply to ohiobeasttwoonesix. Yes, I agree, they simply want us out of the mortgage business but of course they can’t come out and say that. They are nit-picking the slightest “perceived” thing to send out letters and or complaints to the licensing boards. I just hope the state regulators can see through the smoke and mirrors of what is really going on.

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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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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Brian DeChesare

We sometimes get questions about why we dont offer an equity research course. People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. This view is mostly wrong: The Excel-based work has a ton of overlap, with a few differences here and there.

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Comment on The Shadowy AMC Fees Draining Billions from Homebuyers by ohiobeasttwoonesix

Appraisers Blog

Why Report a State Board Investigation or Complaint? by Isaac Peck, Senior Broker at OREP.org To say there is a high volume of state board complaints filed against appraisers is an understatement. Fannie Mae has admitted to filing more than 1,000 complaints (they call them “tips”) with state boards and licensing commissions in a single calendar year.

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Comment on How Do You Time Adjust? by Paul D Hendricks

Appraisers Blog

I feel these time adjustments do nothing because there are two many factors that come into play. First of all the search peramiters of a city may have four quadrants, NE, SE, NW, SW. So sales are not always from the same quadrant. Secondly, searches are of comparable sales are not matched sales. Litterly imposible to find a match paired sale unless its a PUD.

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Intuitive Surgical Expands Direct Reach: Plans Acquiring Key European da Vinci And Ion Distribution Businesses

Benzinga

On Tuesday, Intuitive Surgical, Inc. (NASDAQ: ISRG ) announced plans to acquire the da Vinci and Ion distribution businesses in Italy, Spain, Portugal, Malta, San Marino, and associated territories. The acquisition, subject to regulatory approvals, will expand Intuitive’s direct presence in these regions, with the transaction expected to close in 2026.

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Global Economics Intelligence executive summary, December 2024

Mckinsey and Company

The year ends with political shifts and mixed markets: European equities are flat; US stocks are down. Global interest rates are normalizing, with the Fed and ECB each cutting rates by 25 basis points.

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How Orbian is creating flexibility and predictability in supply chain financing

Global Finance

In todays fast-paced and rapidly-changing world, it has become more important than ever for businesses to be agile and adapt to shifting market conditions and dynamics. Supply chain financing is a case in point. Greater flexibility in payment terms and solutions has become increasingly important for buyers navigating challenges from widespread global disruption in recent years.

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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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Leading European consumer goods with commercial excellence

Mckinsey and Company

Europes consumer packaged goods industry players must achieve and scale commercial excellence to secure revenue, margin, and market share growth. Top CPG performers outcompete in four best-practice areas.

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Used Equipment Valuation: What Business Owners Need To Know

Peak Business Valuation

If your business relies on used equipment , it is essential to get an equipment valuation. As part of a used equipment valuation , a business appraiser helps you understand the true value of your machinery and equipment. No matter the industry, it is wise to reassess value often. Knowing the value of your used equipment is important whether upgrading, selling, or buying new tools.

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Anthropic Gains Big With Google Backing, Aims for $60 Billion Valuation and Surging AI Revenue

Benzinga

Alphabet Inc’s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google earmarked over $1 billion investment into OpenAI rival Anthropic , intensifying its rivalry with Microsoft Corp (NASDAQ: MSFT ), Meta Platforms Inc (NASDAQ: META ) and Amazon.Com Inc (NASDAQ: AMZN ). In 2023, Google committed up to $2 billion to the Microsoft-backed OpenAI rival, Financial Times reports , citing unnamed sources familiar with the matter.

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Valuations & Their Role in Business Transformation

IT Valuations

Thursday, February 20, 2025 2:00 PM – 2:45 PM CST For business owners, understanding the value of their most important asset is critical if they truly wish to transform their business. In this webinar, Rich Anderson, CEO from Imagine IT will share how understanding his company’s valuation provided him with the data he needed to achieve his company’s goals and objectives.

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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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Mobix Labs Secures SCP Manufacturing: Second Acquisition In 60 Days Strengthens Defense And Aerospace Supply Chain

Benzinga

Mobix Labs, Inc. (NASDAQ: MOBX ) shares are trading higher after the company disclosed the acquisition of SCP Manufacturing for an undisclosed amount. SCP Manufacturing is a Nevada-based producer of mission-critical electrical components for aerospace, defense, and commercial applications. SCP is a key supplier of mission-critical products to Spacecraft Components , which Mobix Labs agreed to acquire in November 2024.

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5 Litigation Funding Trends To Note In 2025

Law 360 M&A

Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

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The real estate industry can solve problems with data—if it asks the right questions

Mckinsey and Company

McKinsey associate partner Jules Barker discusses how real estate companies can start their AI-based data-gathering journeys.

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Enterprise Risk Assessment – Gathering the Information to Drive Decision-Making

Norman Marks

A recent article by Carol Williams of Strategic Decision Solutions carried this title and had some wisdom to share. For example, she said: Enterprise risk assessment can be defined as: the practice ofgathering informationto understand risk to the organizationachieving its objectivesand affect how uncertainty is taken into account.

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Comment on The Shadowy AMC Fees Draining Billions from Homebuyers by Eric Kretz

Appraisers Blog

In reply to ohiobeasttwoonesix. All part of the plan. The GSE’s leverage appraisers through endless regulation, waivers, AMC’s, and DEI, and then have state boards fine and administer sanctions on good appraisers on the other side. The perfect storm to apply endless pressure on a profession that cannot fight back. They want us gone.

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Divvy Homes, Once Valued at $2 Billion, Is in Talks to be Sold for Parts

NYT M&A

The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans.

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American, JetBlue Ink $1.9M Atty Fee Deal After Antitrust Loss

Law 360 M&A

A Massachusetts federal judge signed off Tuesday on a settlement requiring American Airlines and JetBlue to cover $1.9 million worth of legal fees that a group of state attorneys general spent successfully challenging the two airlines' Northeast Alliance joint venture as anticompetitive.

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Mercer Capital to Attend the 2025 NAPE Energy Business Conference

Auto Dealer Valuation Insights

Mercer Capital will be attending the 2025 NAPE Energy Business Conference. The conference will be held on February 5, 2025, at the George R. Brown Convention Center in Houston, Texas. Mercer Capital’s Bryce Erickson, ASA, MRICS and Andrew B. Frew, ASA, ABV are attending. Bryce Erickson, Managing Director at Mercer Capital, leads Mercer Capital’s Oil and Gas industry team.

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Securities Defense Bar Notched More Dismissals In '24

Law 360 M&A

Courts threw out more securities class actions last year than they had in years before, reversing a six-year downturn in the number of shareholder suits resolved through settlement or dismissal, according to a Wednesday report by National Economic Research Associates Inc.

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The state of grocery retail in Mexico

Mckinsey and Company

Our latest report with Kantar finds consumers prioritizing value, shifting toward hard discount over traditional trade outlets, and embracing e-commerce growth.

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Former Pioneer CEO Sues FTC Over Exxon Board Block

Law 360 M&A

The former CEO of Pioneer Natural Resources, Scott Sheffield, accused the Federal Trade Commission of violating his constitutional rights by barring him from serving on Exxon Mobil Corp.'s board when the agency cleared a $60 billion merger between Exxon and Pioneer.

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Director Interlocks: FTC & DOJ Say Board Observers Count and Resignation May Not Cut It

John Jenkins

The ongoing litigation between Elon Musk and Sam Altman is not the first place I’d think to turn to get updates on the FTC and DOJ’s latest positions on the application of Section 8 of the Clayton Act.

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Del. Justices Probe $10.4B Anaplan-Thoma Bravo Deal

Law 360 M&A

The Delaware Supreme Court on Wednesday repeatedly asked attorneys what Anaplan Inc.'s officers needed to tell shareholders before they voted on the company's $10.4 billion sale to private equity firm Thoma Bravo, probing what sorts of disclosures would be required under the First State's so-called Corwin doctrine.

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Perella Weinberg’s blood feud goes to court

Financial Times M&A

Plus, the UK government ousts its competition regulator and the hot listing bankers are scrambling to work on in Hong Kong

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Paul Weiss Repping Aptiv On Plans To Split Into 2 Companies

Law 360 M&A

Paul Weiss Rifkind Wharton & Garrison LLP-led technology company Aptiv PLC on Wednesday announced plans to separate its Electrical Distribution Systems business, creating two independent companies that it says are "optimally positioned" to serve customers.

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Avid Reminds Stockholders to Vote Today FOR the Transaction with GHO and Ampersand

Benzinga

TUSTIN, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc. (NASDAQ: CDMO ) ("Avid" or the "Company"), a dedicated biologics contract development and manufacturing organization ("CDMO") working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced that it has mailed a letter to stockholders in connection with its pending transaction with GHO Capital Partners LLP ("GHO") and Ampersand C

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Pa. Justices Revive Case Over Hospital Care Discontinuation

Law 360 M&A

Pennsylvania's highest court on Wednesday ruled a trial court had reasonable grounds to halt plans by now-bankrupt hospital operator Prospect Medical Holdings Inc. to discontinue emergency and acute care services at a Delaware County facility.

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Sciens Building Solutions Acquires Another New York Company

Benzinga

SAN FRANCISCO, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Sciens Building Solutions ("Sciens") today announced it has welcomed Latham, New York-based Fire Security & Sound Systems (FS&S) to its growing portfolio of companies. This is the latest acquisition announcement from Sciens, which expands their Northeast presence where it has 10 existing Divisions.

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Waste Co. Says Ex-Director Used Secret Info For Sabotage

Law 360 M&A

Commercial waste management company RTS has accused a former board director in Delaware Chancery Court of misusing its confidential information and deliberately sabotaging the business to try to force a cheap sale to the ex-director's private equity firm.

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Meyers Nave and Sohagi Law Group Combine

Benzinga

LOS ANGELES, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Meyers Nave announced today that it has joined forces with The Sohagi Law Group (SLG), a California boutique environmental and land use law firm, effective February 1. SLG Founder and Managing Partner Margaret Sohagi, Partner Nicole Hoeksma Gordon, Partner R. Tyson Sohagi, Senior Of Counsel, Albert I. Herson, and Senior Associate Mark Desrosiers, based in Los Angeles, will join Meyers Nave.

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