Harvard Corporate Governance

OCTOBER 7, 2024

Posted by Ray Garcia, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Monday, October 7, 2024 Editor's Note: Ray Garcia is a Leader, Paul DeNicola is a Principal , and Matt DiGuiseppe is a Managing Director at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Proxy season at a glance Just 26 companies in the Russell 3000 stock index failed to gain majority support for their compensation plans.

Marketability 144

Marketability 144

Mckinsey and Company

OCTOBER 7, 2024

The top job can be hard. But as the former Novartis CEO explains, leaders can take pleasure in competing—while honing the personal qualities needed to succeed in the role and rally an organization.

115

115

Harvard Corporate Governance

OCTOBER 7, 2024

Posted by Andrew M. Good, Avia M. Dunn, and Zaneta Wykowska, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, October 7, 2024 Editor's Note: Andrew M. Good and Avia M. Dunn are Partners, and Zaneta Wykowska is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Good, Ms. Dunn, Ms. Wykowska, Ryan D.

Compliance 120

Compliance Technology 120

Global Finance

OCTOBER 7, 2024

OpenAI continues to attract tons of venture capital, its accumulated take reportedly hovering at $6.5 billion most recently. And a valuation that now exceeds $150 billion might appear to give the Microsoft and Softbank-backed startup an insurmountable advantage in the generative artificial intelligence (GenAI) space. But emerging players like Paris-based Mistral AI and Tokyo-based Sakana AI are gaining ground, says entrepreneur Ilya Kulyatin, who founded Tokyo AI, a community of over 1,000 AI pr

Technology 116

Technology Finance 116

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

Harvard Corporate Governance

OCTOBER 7, 2024

Posted by Alex Edmans (London Business School), Dirk Jenter (London School of Economics and Political Science), and Tom Gosling (London Business School), on Monday, October 7, 2024 Editor's Note: Alex Edmans is a Professor of Finance at London Business School, Dirk Jenter is a Professor of Finance at London School of Economics and Political Science, and Tom Gosling is an Executive Fellow in the Department of Finance at London Business School.

Finance 120

Finance Equity 120

Global Finance

OCTOBER 7, 2024

Kenya’s President William Ruto has been adamant about the need to boost the productivity of state-owned enterprises (SOEs) that he says are “trapped in bureaucracy.” Last year, his government hurriedly pushed through a vastly criticized privatization law aimed at sidestepping Parliament in the sale of at least 35 entities. Now, a High Court decision declaring the 2023 Privatization Act unconstitutional has stopped the sales.

Finance 105

Finance Banking Marketability 105

Global Finance

OCTOBER 7, 2024

Since December 2023, Anna Tanganelli has served as Chief Financial Officer of Iveco, the commercial vehicles business that was spun off from CNH industrial in 2021. Tanganelli started her career at UBS, then moved to Fiat Chrysler Automobiles (FCA), where she held various roles, primarily in Business Development and M&A. In 2019, she was appointed CFO and Head of M&A for Magneti Marelli and CFO for the EMEA region within the broader Marelli Group.

Finance 103

Finance Start-ups Data Analysis Marketability 103

Mckinsey and Company

OCTOBER 7, 2024

McKinsey research shows that leading companies aren’t afraid to invest and are determined to make tech a centerpiece for the next generation of e-commerce.

Marketability 97

Marketability 97

Global Finance

OCTOBER 7, 2024

Apollo Global Management has expressed interest in buying Intel; industry heavyweight Qualcomm was earlier reported to be considering a takeover of the Santa Clara, California-based semiconductor behemoth. Benchmark tech analyst Cody Acree argues that a private equity firm like Apollo is a better fit for struggling Intel. “Who benefits from Intel’s resurgence other than a core investor?

Private Equity Firm 88

Private Equity Firm Finance Market Capitalization Marketability 88

BV Specialists

OCTOBER 7, 2024

Valuing a construction company involves many factors, including financial, operational, industry, and market considerations. Here is some insight into the key variables that are reviewed and analyzed when an experienced professional completes a business appraisal for this type of operation: Financial Performance This includes an in-depth review of historical income statements and balance sheets to determine revenue trends, profitability, cash flow, assets, and liabilities.

Appraisal 79

Appraisal Compliance Marketability Equity 79

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

Global Finance

OCTOBER 7, 2024

Flutter, the Dublin-based parent of FanDuel, bought Italian gambling service Snaitech last month for $2.6 billion, hard on the heels of its purchase of a majority stake in NSX Group, one of Brazil’s biggest gambling operators. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.

EBITDA 74

EBITDA Finance Banking Technology 74

Financial Times M&A

OCTOBER 7, 2024

Staff fear British-born publisher of The New York Sun would be a more divisive owner than the Barclay family

94

94

Global Finance

OCTOBER 7, 2024

India last month extended the fiscally precarious Maldives a $50 million interest-free loan, helping stave off a potential default on $500 million in Sukuk bonds. The loan will support coupon payments due this month. The bonds, issued in 2021, were subscribed by countries including Egypt, Pakistan, South Africa and the UK. Sukuk bonds comply with Islamic law , offering investors a way to generate returns without violating the prohibition on interest.

Finance 64

Finance Treasury Banking Corporate Finance 64

Benzinga

OCTOBER 7, 2024

FMC Corporation 's (NYSE: FMC ) stock looks promising at the moment. It benefits from efforts to expand its product portfolio through new product launches and its restructuring actions. Let's see what makes FMC stock a compelling investment option at the moment. FMC Stock Outperforms Industry FMC has outperformed the industry it belongs to over the past three months.

Technology 59

Technology Marketability 59

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

Financial Times M&A

OCTOBER 7, 2024

Deal would make miner one of world’s largest producers of key battery material

100

100

Benzinga

OCTOBER 7, 2024

Labcorp Holdings, Inc. (NYSE: LH ) or Labcorp benefits from the solid execution of its strategic priorities. Investment in targeted high-growth areas should drive the momentum. The company faces headwinds from macroeconomic uncertainties and growing foreign exchange issues. The stock carries a Zacks Rank #3 (Hold) currently. Factors Driving LH Stock LabCorp is well-placed for long-term success in Cell & Gene Therapy, expanding into the consumer market and international growth through the spe

Technology 59

Technology Marketability 59

Mckinsey and Company

OCTOBER 7, 2024

Wind energy is a renewable source of electrical or mechanical power that could help transform the energy sector.

80

80

Benzinga

OCTOBER 7, 2024

TotalEnergies SE (NYSE: TTE ) shares are trading higher on Monday. The company agreed to acquire a 50% stake in two offshore wind projects in the North Sea from RWE AG (OTC: RWEOY ), specifically N-9.1 and N-9.2, each with a capacity of 2 GW. These projects, located 110 km off the German coast, were awarded to RWE in August 2024 and come with 25-year licenses that can be extended to 35 years.

Equity 59

Equity 59

Law 360 M&A

OCTOBER 7, 2024

Chevron Canada Ltd. said Monday it has agreed to sell off its stakes in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd. for $6.5 billion.

52

52

Benzinga

OCTOBER 7, 2024

Barnes Group, Inc. (NYSE: B ) shares are trading higher after the company inked a deal to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO ) in an all-cash transaction valued at around $3.6 billion. The agreement stipulates that Barnes shareholders will receive $47.50 per share in cash, representing a premium of about 22% over the undisturbed closing share price on June 25, 2024.

Equity 59

Equity 59

Chris Mercer

OCTOBER 7, 2024

I began a regular walking program on December 15, 2019, just before the COVID-19 panic set in, or about 4 years and 10 months ago. I’ve written about this in a number of blog posts since then, but not since November of 2023. When I go places or talk with friends by phone or Zoom, I’m frequently asked the question: “Are you still walking?

Start-ups 52

Start-ups 52

Law 360 M&A

OCTOBER 7, 2024

Forward Air Corp. shareholder Alta Fox in a Monday letter blasted the "disastrous record of ignoring shareholders' views" by the asset-light transportation services provider and demanded immediate change, marking the second activist investor to take aim at the company in recent months.

52

52

Benzinga

OCTOBER 7, 2024

Welltower Inc. (NYSE: WELL ) owns a diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. The favorable senior housing industry, capital-recycling efforts and a healthy balance sheet are likely to continue aiding the company to ride the growth curve. This Toledo, OH-based healthcare real estate investment trust (REIT) has gained 36.8% in the past six months compared with the industry's 13.8% growth.

Marketability 52

Marketability 52

Law 360 M&A

OCTOBER 7, 2024

A tax attorney who formerly practiced at Stradling Yocca Carlson & Rauth PC has joined Henderson Franklin Starnes & Holt PA's business and tax planning department and will work from the firm's Florida offices in Fort Myers and Naples.

52

52

Global Finance

OCTOBER 7, 2024

VOL. 38 NO. 9 At Global Finance , generating the report cards for central bank governors has always been a complex and thorough project. Scoring more than 100 governors from very different economies and with such different mandates for their central banks is a complex task. However, our commitment to applying similar analytical criteria for all ensures that our analysis is comprehensive and reliable, carrying important implications for the global economy.

Banking 52

Banking Finance 52

Benzinga

OCTOBER 7, 2024

Cardinal Health Inc. (NYSE: CAH ) is well-poised for growth, given its acquisition-driven strategy, a diversified product portfolio and a robust pharmaceutical segment. However, inflationary pressure remains a concern. Shares of this Zacks Rank #3 (Hold) company have risen 11.1% in the year-to-date period against the industry's 1.7% decline. The S&P 500 Index has gained 20.6% in the same time frame.

Market Capitalization 52

Market Capitalization Marketability 52

Law 360 M&A

OCTOBER 7, 2024

Cravath Swaine & Moore LLP guided Vista Outdoor Inc. on its nearly $3.4 billion deal to sell off its business, in a two-part deal that includes an amended agreement to sell its ammunition business to Czechoslovak Group, or CSG, for more than $2.2 billion.

52

52

Benzinga

OCTOBER 7, 2024

Eni S.p.A (NYSE: E ), a leading integrated energy player, has been awarded an agreement for lease by The Crown Estate for a carbon capture and storage project. The agreement for lease was awarded for the Hynet project, the first CCS project in the United Kingdom to reuse existing pipelines and infrastructure to reduce emissions. Reusing the existing infrastructure should help reduce the project's cost and the overall environmental damage associated with the construction of a new project.

Marketability 52

Marketability 52

Law 360 M&A

OCTOBER 7, 2024

A partner at Mayer Brown LLP, who started his legal career nearly a decade ago with Hunton Andrews Kurth LLP, has rejoined the firm as a partner in its Washington office, the firm announced Monday.

52

52

Global Finance

OCTOBER 7, 2024

True to his reputation as a consummate dealmaker, Unicredit CEO Andrea Orcel is orchestrating one of the largest cross-border bank mergers ever in Europe. Last month, Unicredit swiftly and dramatically raked up a more than 20% stake in Germany’s second-largest listed lender, Commerzbank. Should the takeover go through, it would create one of the largest lenders worldwide, reshaping the banking sector in Europe.

Banking 52

Banking Finance Marketability 52

Law 360 M&A

OCTOBER 7, 2024

Los Angeles-based private equity shop Butterfly Equity, led by Kirkland & Ellis LLP, on Monday announced plans to buy and take private Ropes & Gray LLP-advised North American luxury wine maker The Duckhorn Portfolio in an all-cash deal that values the company at roughly $1.95 billion.

Equity 52

Equity 52

Global Finance

OCTOBER 7, 2024

After four years in command at Nike, CEO John Donahoe is handing over the helm to Elliott Hill, a 60-year-old executive who has spent more than half his life at the footwear empire. Hill joined Nike in 1988 as an intern and was heading commercial and marketing operations for Nike and the Jordan brand when he retired after 32 years in early 2020, just as Donahoe’s tenure started.

Finance 52

Finance Marketability Corporate Finance 52

Law 360 M&A

OCTOBER 7, 2024

Asset manager Blue Owl Capital said Monday that it will pay $1 billion to acquire digital infrastructure fund manager IPI Partners, in a deal advised by Gibson Dunn & Crutcher LLP, Morrison Foerster LLP and Kirkland & Ellis LLP.

52

52

Global Finance

OCTOBER 7, 2024

In a global first, the Norwegian Road Federation (OFV) said last month that electric vehicles (EVs) now outnumber gas-powered models in the country. Out of 2.8 million private cars currently registered, 754,303 are fully electric, surpassing the 753,905 running on petrol. The news came on the heels of another record; EV sales in Norway took a 94% market share in August.

Technology 52

Technology Finance Marketability 52