Harvard Corporate Governance

SEPTEMBER 5, 2024

Posted by David Farkas, Georgeson LLC, on Thursday, September 5, 2024 Editor's Note: David Farkas is the Head of Shareholder Intelligence at Georgeson LLC. This post is based on an article that was featured in the July/August 2024 issue of The Deal Lawyers. SEC Form 13F public filings can help companies understand whether the threat of a proxy fight is imminent and, crucially, take steps to defend themselves. 13F filings, as they’re known, reveal the share position of institutional investors or

Equity 162

Equity 162

Mckinsey and Company

SEPTEMBER 5, 2024

McKinsey’s latest analysis of 15 core technology trends points to a new “influencer” role for generative AI as well as growing interest in robotics and digital trust.

Technology 145

Technology 145

Harvard Corporate Governance

SEPTEMBER 5, 2024

Posted by David E. Schwartz, Parker Rider-Longmaid and Joseph M. Rancour, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, September 5, 2024 Editor's Note: David E. Schwartz , Parker Rider-Longmaid , and Joseph M. Rancour are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Schwartz, Mr.

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124

NYT M&A

SEPTEMBER 5, 2024

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

Mergers & Acquisitions 123

Mergers & Acquisitions 123

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

Global Finance

SEPTEMBER 5, 2024

Canadian convenience store giant Alimentation Couche-Tard (ACT) has set its sights on Seven & i wHoldings, the Tokyo-based parent company of 7-Eleven. If the deal goes through—ACT submitted an offer to buy all outstanding shares of Seven & i last month—it will mark a significant step into Japan’s retail market by a foreign firm, but it wouldn’t be ACT’s first show of interest in the company or Japan.

Finance 111

Finance Marketability Corporate Finance 111

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. That call, at first sight, contained exceptionally good news, with revenues and earnings coming in at stratospheric levels, and above expectations, but the stock fell in the aftermath, down 8% in Thursday’s trading. That drop of more than $200 billion in market capitalization in response to what looked like good news, at least on the surface, puzzled market observers,

Marketability 105

Marketability Start-ups Discounted Cash Flow Market Capitalization 105

Appraisers Blog

SEPTEMBER 5, 2024

In reply to Pat. I don’t see how Pat. An invoice is a bill. Its not normally a part of an appraisal. NO AMC can prevent us from disclosing what we were paid, in the body of the report (text addendum) or transmittal letter.

Appraisal 96

Appraisal 96

Law 360 M&A

SEPTEMBER 5, 2024

Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.

Dividends 96

Dividends 96

Mckinsey and Company

SEPTEMBER 5, 2024

Generative AI has increased the focus on data, putting pressure on companies to make substantive shifts to build a truly data-based organization.

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111

Appraisers Blog

SEPTEMBER 5, 2024

In reply to Mike Ford, AGA™. If you’re told to take a formal page out of the report then that’s appraisal direction or violation of appraisal independence??

Appraisal 96

Appraisal 96

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

NYT M&A

SEPTEMBER 5, 2024

An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.

Mergers & Acquisitions 100

Mergers & Acquisitions 100

Appraisers Blog

SEPTEMBER 5, 2024

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

Appraisal 96

Appraisal 96

Trout CPA

SEPTEMBER 5, 2024

Written by Kristen O’Connell, CPP In a landmark decision that significantly impacts employers in the hospitality industry, the Fifth Circuit Court of Appeals’ decision on August 23, 2024, in Restaurant Law Center v. U.S. Department of Labor , vacated the U.S. Department of Labor’s (DOL) 80/20/30 Tip Credit Rule. This ruling introduces potential changes to how employers can compensate tipped employees, particularly in the amount of time they can allocate to non-tip-generating duties while still r

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78

Financial Times M&A

SEPTEMBER 5, 2024

Chinese conglomerate Fosun selling former storied brand five years after its collapse

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110

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

Mckinsey and Company

SEPTEMBER 5, 2024

McKinsey senior partner Colleen Baum explains how real estate owners benefit from helping experiential retailers flourish.

Marketability 93

Marketability 93

Sun Acquisitions

SEPTEMBER 5, 2024

In the fast-paced world of mergers and acquisitions (M&A), due diligence is a critical phase where potential risks and opportunities are unearthed. Traditionally, due diligence involved extensive manual review processes, often constrained by time and resource limitations. However, with the rapid advancement of technology, the landscape of M&A due diligence is undergoing a transformative shift.

Technology 64

Technology Compliance Marketability 64

Benzinga

SEPTEMBER 5, 2024

Shares of Eastside Distilling, Inc. (NASDAQ: EAST ) soared by almost 162% on Thursday during the pre-market following the disclosure of a merger agreement with Beeline Financial Holdings, Inc. , a private mortgage technology firm. Eastside unveiled that the strategic merger is the result of a thorough two-year review of its business portfolio. The merger is in line with Eastside’s objective to enhance stakeholder value and drive substantial growth across various sectors.

Equity 64

Equity Technology Marketability 64

Financial Times M&A

SEPTEMBER 5, 2024

Planned exit awaits state approval and would mark a major U-turn for FTSE 100 consumer goods giant

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94

The Guardian M&A

SEPTEMBER 5, 2024

Online fashion retailer’s sale of 75% stake to Jack & Jones owner could bring store back to the high street Business live – latest updates Asos has sold a majority stake in Topshop for £135m in a deal that will help it repay debts and could see the brand return to the high street, as fashion retailers struggle after a soggy summer. The online fashion seller said it had sold a 75% stake in Topshop, the group it bought just over three years ago for £330m, to Heartland, an arm of Bestseller, th

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65

Financial Times M&A

SEPTEMBER 5, 2024

Japanese company says Canadian rival ‘grossly undervalues’ group with proposal of close to $15 per share

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89

Benzinga

SEPTEMBER 5, 2024

Euronet Worldwide, Inc. 's (NASDAQ: EEFT ) Ria Money Transfer ("RIA") inked a deal with a leading community financial services retailer, PLS Financial Services, headquartered in Chicago. Under this new collaboration, RIA will be the exclusive money transfer service provider for more than 200 PLS Check Cashers in the United States. This move bodes well for EEFT as this partnership opens a new channel for Ria to expand money transfer services, which include real-time account deposits

Banking 59

Banking Marketability 59

Financial Times M&A

SEPTEMBER 5, 2024

US telecoms group says transaction will ‘significantly’ increase its fibre footprint ‘across the nation’

85

85

Benzinga

SEPTEMBER 5, 2024

Lithium Americas Corp (NYSE: LAC ) and General Motors Co (NYSE: GM ) are facing delays in closing their $330 million Tranche 2 investment. Both parties are looking for “mutually beneficial” solutions as they reassess the deal. The investment was initially structured as an equity deal, but with Lithium Americas’ share price far below expectations, both companies have agreed to extend the decision-making process until year-end.

Equity 59

Equity Marketability 59

Financial Times M&A

SEPTEMBER 5, 2024

Special committee reviewing the bid views the offer as insufficient and is concerned about regulatory risk

81

81

Benzinga

SEPTEMBER 5, 2024

First Majestic Silver Corp. (NYSE: AG ) has announced an all-stock acquisition of Gatos Silver (NYSE: GATO ) valued at approximately $970 million. The transaction will bolster First Majestic’s position as a leading silver producer and expand its operations in Mexico. Under the agreement, Gatos shareholders will receive 2.55 shares of First Majestic for each share of Gatos held, translating to a total offer value of $13.49 per Gatos share.

59

59

Financial Times M&A

SEPTEMBER 5, 2024

The scion stands to receive $180mn in severance and $350mn for her stake in the studio’s parent company

80

80

Benzinga

SEPTEMBER 5, 2024

LPL Financial (NASDAQ: LPLA ) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ. The acquisition will bring The Investment Center's 240 advisors and nearly $9 billion in assets under LPL Financial's umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings.

Technology 59

Technology Marketability 59

Law 360 M&A

SEPTEMBER 5, 2024

Federal Trade Commission staff on Thursday urged Indiana's health department to reject Union Health's planned purchase of Terre Haute Regional Hospital LP from HCA Healthcare Inc.

52

52

LaPorte

SEPTEMBER 5, 2024

CECL, which stands for Current Expected Credit Loss, is an accounting standard that helps entities determine when to record losses from financial assets and other… The post How Will CECL Affect Your Nonprofit? first appeared on LaPorte.

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Law 360 M&A

SEPTEMBER 5, 2024

A North Carolina county has accused an Asheville hospital of driving up taxpayer-funded ambulance expenses by understaffing its emergency department and forcing paramedics to step into the roles of emergency physicians.

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52

Benzinga

SEPTEMBER 5, 2024

The Ensign Group, Inc. (NASDAQ: ENSG ) announced that it has bought the operations of a nursing facility in Overland Park, KS. It has also acquired the operations of seven nursing facilities in Colorado. All these buyouts (with long-term, triple net leases) had an effective date of Sept. 1, 2024. The 102-bed unit in Kansas, named Prairie Ridge Health and Rehabilitation, boosts ENSG's footprint in the state.

Marketability 52

Marketability 52

Law 360 M&A

SEPTEMBER 5, 2024

Settling parties should adopt a series of practice tips, including specifying rationales to support specific terms, as the Federal Trade Commission seeks to expand its access to settlements before the Patent Trial and Appeal Board, say Shannon McGowan and David Munkittrick at Proskauer.

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52

Benzinga

SEPTEMBER 5, 2024

Element Solutions Inc. (NYSE: ESI ) has agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS — a global specialist provider in the flexographic printing space — for an enterprise value of around $325 million. The transfer involves substantially all of Graphics Solutions reporting vertical of Element Solutions.

Enterprise Value 52

Enterprise Value Marketability 52

Law 360 M&A

SEPTEMBER 5, 2024

The two marijuana entrepreneurs behind the Euflora chain are once again back in court, with one of them accusing the other of stealing at least $150,000 from their enterprise, possibly to cover unpaid loans and taxes, according to a lawsuit filed in Colorado state court, which claimed the alleged theft comes after a string of erratic behavior.

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