Thu.Sep 05, 2024

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Watch Your Derivatives: The Role 13Fs Play in Detecting Shareholder Activism

Harvard Corporate Governance

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

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A look at the technology trends that matter most

Mckinsey and Company

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.

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The Power of Expectations: Nvidia's Earnings and the Market Reaction!

Musings on Markets

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,

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FTC Noncompete Rule Is Set Aside, But Appeal Is Expected and States May Act

Harvard Corporate Governance

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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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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Larry Ellison Will Control Paramount After Skydance Merger

NYT M&A

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

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Charting a path to the data- and AI-driven enterprise of 2030

Mckinsey and Company

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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More Trending

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Thomas Cook acquired by Polish travel group eSky

Financial Times M&A

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

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Klarna Considers Share Sale Ahead Of Listing In US

Global Finance

Klarna Group, Europe’s leading payment solutions disrupter, is exploring a secondary share sale ahead of its 2025 initial public offering in the US. Backed by Sequoia Capital and Softbank, the 19-year-old company is currently in talks with investors to assess the level of interest; Goldman Sachs, Morgan Stanley, and JPMorgan are reportedly advising.

Banking 105
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5th Circuit Vacates DOL’s Federal 80/20/30 Tip Credit Rule

Trout CPA

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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Unilever agrees sale of Russia business to Arnest

Financial Times M&A

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

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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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What the real estate industry needs to know about experiential retail

Mckinsey and Company

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

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Owner of 7-Eleven rejects $39bn cash offer from Couche-Tard

Financial Times M&A

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

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How Will CECL Affect Your Nonprofit?

LaPorte

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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7-Eleven’s Japanese owner poised to reject Couche-Tard offer

Financial Times M&A

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

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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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Biden's Expected Veto Of US Steel Deal Is Hunt For 'Labor Union Votes,' Says Top Japan Official

Benzinga

United States Steel Corporation (NYSE: X ) are down over 16% since Wednesday morning after the Biden administration expressed intentions to block Nippon Steel Corporation 's $14.9-billion acquisition of the American company. This has been referred to as a national security concern by President Joe Biden , who is reportedly awaiting the results of a Treasury review that would grant him power to execute the restriction.

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Why Attorneys Should Consider Community Leadership Roles

Law 360 M&A

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.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

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??

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How a weapons-grade loophole helps European financial consolidation

Financial Times M&A

An overlooked detail in the Danish Compromise can have a happy outcome

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Comment on AMCs Violating TILA and C&R Fee Clauses by Mike Ford, AGA™

Appraisers Blog

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.

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Shari Redstone to receive more than $500mn from Paramount sale

Financial Times M&A

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

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

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

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The Kroger-Albertsons deal has a chance

Financial Times M&A

Plus the real estate rally

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Asos sells Topshop stake for £135m to help repay debts

The Guardian M&A

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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Verizon agrees to buy Frontier in $20bn deal to expand broadband reach

Financial Times M&A

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

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The Emerging Role of Technology in Enhancing M&A Due Diligence Processes

Sun Acquisitions

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.

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Washington’s steely resolve on Nippon bid should rattle dealmakers

Financial Times M&A

Biden’s plan to block US Steel acquisition dashes hopes money might beat politics

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This Spirit Maker's Stock Skyrockets 162% In Premarket After Announcing Merger With Mortgage-Tech Company

Benzinga

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
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BNY seeks growth in investment services with managed account deal

Financial Times M&A

Oldest US bank aims to use Archer’s technology to expand in booming $5tn market

Banking 86
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Euronet's Ria Expands Reach With PLS Partnership in the United States

Benzinga

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

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Asos sells majority stake in Topshop and Topman to Danish retail billionaire

Financial Times M&A

Online fast-fashion retailer agrees £135mn deal with Anders Holch Povlsen

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Lithium Americas, GM Face Delays In Closing $330M Deal: 'Mutually Beneficial' Solutions Under Review

Benzinga

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.

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Verizon’s pricey high-fibre diet won’t suit telco investors

Financial Times M&A

Acquisition part of sector’s push to converge phone, internet and television

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First Majestic Acquires Gatos Silver For $970M, Puts 3 Major Mexico Assets Under One Banner

Benzinga

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.

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The ticketing giant that stole the show from Oasis

Financial Times M&A

Plus, CVC has first financial report since its IPO and the Wall Street titans that made a killing on the Verizon-Frontier deal

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