Harvard Corporate Governance

SEPTEMBER 27, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, September 27, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of September 20-26, 2024 Stand by ESG? The State of 2024 U.S. Sustainability Reports Posted by Martha Carter, Matt Filosa, and Diana Lee, Teneo, on Friday, September 20, 2024 Tags: AI , Board of Directors , ESG , Sustainability Hot Topics for Boards and Committees Posted by Melissa Sawyer, Lauren Boehmk

Banking 100

Banking Marketability 100

Mckinsey and Company

SEPTEMBER 27, 2024

David Su shares his perspectives on the evolution of impact investing and the importance of measurement. He also discusses portfolio company Swing Education to illustrate Apax’s philosophy.

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Appraisers Blog

SEPTEMBER 27, 2024

The new UAD may slow down the appraisal process, drive up turnaround times without offering a substantial enhancement in appraisal accuracy.

Appraisal 88

Appraisal 88

The Guardian M&A

SEPTEMBER 27, 2024

Suitors such as Dovid Efune and new Spectator owner Paul Marshall have until end of Friday to submit offers Potential suitors to buy the Daily and Sunday Telegraph have until the end of Friday to submit second-round offers, with the US owner of the New York Sun and Sir Paul Marshall, the backer of GB News and the new owner of the Spectator, viewed as the frontrunners to win the auction.

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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

NYT M&A

SEPTEMBER 27, 2024

Frank McCourt hopes to make TikTok safer to use. He’ll have to buy it first.

Mergers & Acquisitions 107

Mergers & Acquisitions Technology Marketability 107

Redpath

SEPTEMBER 27, 2024

Early-stage businesses may not need a full-time CFO, but guidance from a part-time CFO can help with stewardship, operations, strategy, and business value.

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NYT M&A

SEPTEMBER 27, 2024

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.

Mergers & Acquisitions 69

Mergers & Acquisitions 69

Benzinga

SEPTEMBER 27, 2024

Enterprise Products Partners LP (NYSE: EPD ) is currently considered undervalued, trading at a 9.81x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 11.89x. Image Source: Zacks Investment Research While a discount valuation often presents a potentially profitable opportunity for investors, it is essential to investigate whether the partnership is facing any internal challenges.

Enterprise Value 59

Enterprise Value EBITDA Marketability Equity 59

Sun Acquisitions

SEPTEMBER 27, 2024

In the dynamic business world, mergers and acquisitions (M&A) often serve as potent catalysts for growth, reshaping industries and fueling innovation. While high-profile mega-deals frequently dominate headlines, mid-market transactions usually harbor invaluable lessons for aspiring entrepreneurs and seasoned executives. With deal sizes ranging from tens of millions to a few billion dollars, these transactions offer a fertile ground for studying the anatomy of successful M&A endeavors.

Marketability 59

Marketability Dividends Technology Market Capitalization 59

Benzinga

SEPTEMBER 27, 2024

With the stock markets trading near highs again and the start of a lower interest rates cycle, the backdrop for mergers, spin-offs, and acquisitions continues to improve. Elevated stock prices are just as good as currency when trying to acquire another company. The Sept. 24, 2024, announcement that Smartsheet Inc. (NYSE: SMAR ) will be acquired by Blackstone and Vista Equity Partners for $56.50 per share or $8.4 billion is a prime example of the improving backdrop.

Equity 59

Equity Marketability 59

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

SEPTEMBER 27, 2024

Private equity group has offered £800mn for provider of digital training

Technology 102

Technology Equity 102

Benzinga

SEPTEMBER 27, 2024

The partnership between Amazon (NASDAQ: AMZN ) and Jeff Bezos- backed artificial intelligence startup Anthropic , has been approved by the U.K.’s competition regulator. This approval comes despite a substantial $4 billion investment by Amazon into the startup. What Happened : The Competition and Markets Authority (CMA) of Britain has given the nod to the partnership, Reuters reported on Friday.

Marketability 59

Marketability 59

The Guardian M&A

SEPTEMBER 27, 2024

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal Rupert Murdoch’s REA Group has made a fourth attempt to buy Rightmove, increasing its offer to £6.2bn as it steps up its pursuit of the UK’s largest online property portal. The Australian property group, which is controlled by News Corp, raised its cash and shares offer from the £6.1bn offered earlier this week and called on Rightmove’s board to “engage now” after it repeatedly refused to m

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Benzinga

SEPTEMBER 27, 2024

DirecTV and Dish Network are reportedly in advanced talks to merge, potentially creating the largest U.S. pay-TV provider, with around 20 million subscribers. If completed, the deal could be announced in the coming days, the Wall Street Journal reported. According to Bloomberg , DirecTV, owned by AT&T Inc. (NYSE: T ) and TPG Inc. (NASDAQ: TPG ), will control the newly formed entity, though details are still under negotiation.

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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

NYT M&A

SEPTEMBER 27, 2024

Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.

Banking 70

Banking Mergers & Acquisitions 70

Benzinga

SEPTEMBER 27, 2024

Antitrust regulators are set to prevent Hess Corp. (NYSE: HES ) CEO John Hess from joining the board of Chevron Corp. (NYSE: CVX ) as part of a $53-billion merger deal. What Happened : Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on Friday, citing sources familiar with the matter.

Equity 59

Equity Marketability 59

Mckinsey and Company

SEPTEMBER 27, 2024

Achieving sustainable, inclusive growth across G20 economies will take decisive effort. This report offers metrics to prompt discussions at the B20 forum and move from aspirations toward action.

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Law 360 M&A

SEPTEMBER 27, 2024

Alvarez & Marsal's tax affiliate announced it has appointed a former Weil Gotshal & Manges LLP executive as a senior official for the firm's compensation and benefits practice.

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ThomsonReuters

SEPTEMBER 27, 2024

← Blog home In 2024, Poland, Romania, Denmark, and Malaysia are implementing electronic invoicing (e-invoicing) mandates that demand more tax data in real-time. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium, Germany, Spain, and China, among others, have announced mandates to begin within a two-year period amidst a global surge in continuous transaction control (CTC) systems.

Compliance 52

Compliance Start-ups Technology 52

Law 360 M&A

SEPTEMBER 27, 2024

A California federal judge on Friday certified a class of thousands of Twitter investors over claims Elon Musk fraudulently tweeted about the social media company's alleged bot problem to get out of his $44 billion acquisition, rebuffing the billionaire businessman's contention that individual issues in the suit eclipse common questions.

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Benzinga

SEPTEMBER 27, 2024

Struggling chipmaker Intel Corp (NASDAQ: INTC ) continues to receive takeover proposals from chip companies, the latest being Arm Holdings Plc (NASDAQ: ARM ) following Qualcomm Inc ‘s (NASDAQ: QCOM ) proposal earlier. Arm Holdings recently proposed to acquire Intel’s product unit. However, Bloomberg reports that Intel is not looking to sell the business division.

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Law 360 M&A

SEPTEMBER 27, 2024

A California federal judge on Friday declined to sanction Elon Musk, for now, after he skipped a deposition over his $44 billion Twitter takeover, allowing the parties to resolve the issue and advising them to wait to see if he appears for the deposition that's been rescheduled for this coming Friday.

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Benzinga

SEPTEMBER 27, 2024

TotalEnergies SE (NYSE: TTE ) shares are trading higher premarket Friday. The company reached an agreement with Lewis Energy Group to acquire a 45% stake in its dry gas-producing assets in Texas’ Eagle Ford basin for an undisclosed amount. Terms of the deal were not disclosed. The acquisition of low-cost, long-life assets enhances TotalEnergies’ presence in the U.S. gas value chain and follows the company’s Texas Dorado acquisition in April 2024.

Equity 52

Equity 52

Law 360 M&A

SEPTEMBER 27, 2024

The U.S. Securities and Exchange Commission announced Friday it has reached a settlement with the former CEO of an electric vehicle battery company who allegedly concealed its supply chain issues ahead of its merger with a blank check company, leading to a nearly 20% drop in the company's share price once the shortage was revealed.

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Peak Business Valuation

SEPTEMBER 27, 2024

Starting a business with a spouse can be an excellent approach to entrepreneurship. However, business partnerships do not always work out. In some cases, this is due to divorce. When business partnerships with a spouse dissolve, both parties must decide how to move forward with the business. This can be a complicated and stressful process without the right guidance.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Intangible Assets 52

Law 360 M&A

SEPTEMBER 27, 2024

A 50-year-old Amer Sports recreational gear salesman alleges the Chinese investors who purchased the company passed him up for leadership roles despite his decades of experience and excellent performance, and then fired him when he complained about age discrimination.

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Financial Times M&A

SEPTEMBER 27, 2024

Australian bidder says its latest offer values UK property listings group at £6.

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Law 360 M&A

SEPTEMBER 27, 2024

Ballard Spahr LLP has added a veteran financial services regulatory attorney who most recently worked in-house at human resources software firm Dayforce, formerly known as Ceridian.

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Benzinga

SEPTEMBER 27, 2024

OKLAHOMA CITY, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN ) today announced that it has completed its previously announced acquisition of Grayson Mill Energy, for a transaction valued at $5 billion before giving effect to purchase price adjustments. The acquisition adds a high-margin production mix that enhances Devon's position as one of the largest producers in the U.S.

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Law 360 M&A

SEPTEMBER 27, 2024

The New York federal judge overseeing the government's antitrust case against Live Nation said Friday he will not transfer the action to Washington, D.C., where a court handled a settlement clearing the concert promotion giant's 2010 purchase of Ticketmaster.

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Financial Times M&A

SEPTEMBER 27, 2024

The latest plans to shake up UK media have hit opposition at the venerable Sunday newspaper

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Law 360 M&A

SEPTEMBER 27, 2024

In this week's Taxation With Representation, Blackstone and Vista Equity Partners acquire Smartsheet Inc., Macquarie Asset Management takes a stake in D.E. Shaw Renewables Investment Group, and Apogee Enterprises Inc. buys UW Interco LLC from Heartwood Partners.

Equity 52

Equity 52

Financial Times M&A

SEPTEMBER 27, 2024

The wolf in cashmere has again marked his territory

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Law 360 M&A

SEPTEMBER 27, 2024

Blank check company Ault Disruptive Technologies Corp. said on Friday that it plans to dissolve and liquidate because it will not be able to complete an initial business combination before Dec. 20.

Technology 52

Technology 52