Mon.Jan 06, 2025

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How beauty players can scale gen AI in 2025

Mckinsey and Company

Beauty brands and retailers have already begun testing gen AI. To scale these experiments quickly, beauty players should focus on high-value use cases and customize gen AI tools to meet their needs.

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Nigeria’s Seplat moves in to fill gap as foreign oil companies retreat

Financial Times M&A

Buyer of ExxonMobils assets in the west African country wants to double production within six months

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The McKinsey Crossword: Play Time | No. 214

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if youre looking for a quick win.

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BREAKING: Nippon, US Steel Hit Back With Suits After Biden Blocks Deal

Law 360 M&A

Japan's Nippon Steel Corp. andU.S. Steel Corp. have filed two lawsuits following President Biden's Friday decision to block their planned $14.9 billion merger, claiming Monday that the deal was blocked for "purely political reasons.

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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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New Year’s resolutions for tech in 2025

Mckinsey and Company

McKinseys technology leaders offer their insights on how leaders can make the most of tech this year.

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KKR urges Fuji Soft to take legal action against Bain in $4bn takeover fight

Financial Times M&A

Public battle between private equity bidders for software company tests new ground in Japan

Equity 79

More Trending

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Private equity wants your retirement funds

Financial Times M&A

Plus, Nippon sues the US over blocked steel deal and the pressure is on for new investment banker hires to deliver

Equity 78
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Nikola Investors Win Class Cert. In Securities Fraud Litigation

Law 360 M&A

An Arizona federal judge on Monday certified a class of investors accusing Nikola Corp. of inflating its stock price by exaggerating its ability to manufacture electric trucks, ruling that the shareholders have shown their case warrants the class treatment more than four years after they first sued.

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Trout CPA Announces 2025 Employee Promotions

Trout CPA

Trout CPA is delighted to begin the new year with the announcement of strategic promotions, effective January 1, 2025. These dedicated professionals have exemplified unwavering commitment, demonstrated remarkable expertise, and contributed significantly to the core values that drive Trout CPA forward.

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Nasdaq Gets SPAC Investor's Racial Bias Claims Tossed

Law 360 M&A

A federal judge decided Monday to toss a suit from an investor in a minority-led special purpose acquisition company claiming the Nasdaq Stock Market participated in race-based discrimination against investors, saying the plaintiff fails to allege that its injuries were a direct result of Nasdaq's actions.

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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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Activism: Mid-cap Companies See Surge

John Jenkins

FTI Consulting recently published its latest Activism Vulnerability Report, which provides an overview of the state of play in shareholder activism & ranks the vulnerability of various industries to activist campaigns.

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Live Nation Can't Get Intermission In Calif. Antitrust Case

Law 360 M&A

A California federal judge overseeing a private antitrust case against Live Nation denied the company's bid Monday to pause the case for a government enforcement action, saying that the suit was filed first and that exceptions to the "first to file" rule do not apply.

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Matters To Consider for the 2025 Annual Meeting and Reporting Season: Disclosure Developments

Harvard Corporate Governance

Posted by Brian V. Breheny,Raquel Fox, and Page Griffin, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, January 6, 2025 Editor's Note: Brian V. Breheny , Raquel Fox , and Page Griffin are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Breheny, Ms. Fox, Mr. Griffin, Marc S. Gerber , Joseph M.

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Teoxane Outbids Crown With New Revance Therapeutics Bid

Law 360 M&A

Teoxane SA said Monday it has submitted a proposal to Revance Therapeutics Inc. to acquire thehealthcare biotechnology company for$3.60per share in cash, one-upping Revance's existing agreement to sell itself to skincare companyCrown Laboratories Inc. for $3.10 per share in cash.

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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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SEC Clawback Rules: Initial Impacts in the 2024 Proxy Season

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, January 6, 2025 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Elis Benedetti, Research Associate with ISS Governance. Introduction Malus and clawback provisions allow companies to recover and/or withhold sums or share awards in specific circumstances [1] , such as in situations where values were paid inappropriately or based on inaccurate or misleading information.

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Monthly Merger Review Snapshot

Law 360 M&A

The Federal Trade Commission successfully blocked Kroger's purchase of Albertsons while continuing to battle with Tempur Sealy and its planned buy of Mattress Firm, and Novo Nordisk managed to finalize its purchase of Catalent. Here, Law360 takes a look at some of the major merger review developments from December.

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Does Common Ownership Raise Antitrust Concerns?

Harvard Corporate Governance

Posted by Ronald Masulis (University of New South Wales), on Monday, January 6, 2025 Editor's Note: Ronald Masulis is the Scientia Professor of Finance at the University of New South Wales. This post is based on a recent paper by Professor Masulis, Professor Huaizhou Li , Professor Leo Liu , and Professor Jason Zein. “ The agencies evaluate new learning from the academic community and are prepared to take action on common ownership when appropriate.

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Paul Hastings, Cravath Steer Pork Giant Smithfield's IPO Filing

Law 360 M&A

Pork producer Smithfield Foods Inc. on Monday submitted the year's first filing for an initial public offering, part of a spinoff from China's WH Group Ltd., represented by Paul Hastings LLP and underwriters' counsel Cravath Swaine & Moore LLP.

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IonQ Expands Quantum Edge With Qubitekk Acquisition, Stock Soars

Benzinga

IonQ Inc (NYSE: IONQ ) continues to electrify the markets, with its stock soaring 290% over the past year and 30% in just the last month. Riding this momentum, the quantum computing pioneer has announced the acquisition of Qubitekk, a quantum networking leader, solidifying its position as a trailblazer in the quantum revolution Strengthening The Quantum Backbone The acquisition brings Qubitekk's 118 patentsincluding those powering the U.S.’s first commercial quantum network in Chattan

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Akoustis Says Ch. 11 Plan Handles IP Injunction Concerns

Law 360 M&A

Radio frequency filter venture Akoustis Technologies Inc. has accused judgment creditor Qorvo Inc. of seeking to scuttle Akoustis' Chapter 11 stalking-horse sale in Delaware for competitive reasons beyond Qorvo's $38 million patent infringement judgment.

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Why Is Employment Agency Company GEE Group Stock Surging Today?

Benzinga

GEE Group Inc. (AMEX: JOB ) shares are surging premarket on Monday after the company acquired Hornet Staffing, Inc. , a provider of IT, professional, and customer service staffing solutions for large-scale clients, for an undisclosed amount. GEE Group purchased 100% of Hornet’s common stock through a combination of cash and seller financing. The Hornet acquisition boosts GEE Group’s ability to win contracts with Fortune 1000 companies and large users of contingent labor.

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KKR Pushes Fuji Soft To Pursue Legal Action Against Bain

Law 360 M&A

Private equity giant KKR called on the board of Fuji Soft on Monday to take legal action against Bain Capital amid a bidding war for the company between the two competing investors, arguing that Bain's unauthorized use of confidential information and breach of its nondisclosure agreement "significantly jeopardizes" the reputation of private equity funds in Japan.

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Probe Gold Completes Acquisition of Bermont Claims Adjacent to Monique Gold Deposit, Val-d'Or, Quebec

Benzinga

Highlights: The Bermont Claims extend the Company's Monique Deposit's eastern boundary, adding 750 metres of potential strike extension. The Monique resource includes 3.56 Moz M&I and 0.68 Moz inferred over 2,500 metres of strike length. The Property (as defined below) hosts the Bermont and Adelemont zones, with minimal drilling to date.

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FTC Blasts Tempur Sealy's New Floor-Space Promise

Law 360 M&A

The Federal Trade Commission told a Texas federal court a revised commitment from Tempur Sealy to preserve floor space for rivals in Mattress Firm stores would not restore the competition lost by a merger of the companies because it cannot be enforced.

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Why Is Smart Share Global Stock Surging Premarket On Monday?

Benzinga

Smart Share Global Limited (NASDAQ: EM ) shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and key executives, to take the company private. The offer is for $0.625 per ordinary share or $1.25 per ADS. Full story available on Benzinga.

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Olshan Frome, Ellenoff Grossman Guide Gun Biz SPAC Deal

Law 360 M&A

Online firearm retailer GrabAGun, advised by Olshan Frome Wolosky LLP, announced plans on Monday to go public through a $150 million merger with special purpose acquisition company Colombier II, led by Ellenoff Grossman & Schole LLP.

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Forsys Reaches Agreement to Purchase Farm Namibplaas Portion-1 on Exclusive Prospecting Licence (EPL-3638)

Benzinga

TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY ) (FSE: F2T) (NSX: FSY) ("Forsys" or the "Company") is pleased to announce that its wholly-owned subsidiary Valencia Uranium (Pty) ("Valencia Uranium") has finalised an agreement with Namibplaas Guestfarm and Tours (Proprietory) Limited (the "Farm Owner") for the purchase of Portion-1 of farm Namibplaas No. 93 (the "Property"), at the Company's Norasa Uranium project ("Norasa 1 ").

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BREAKING: Disney Buy Ends Fubo Sports Streaming Suit

Law 360 M&A

Disney and Fubo announced a deal Monday morning to combine the streaming startup with Disney's Hulu + Live TV business, in an agreement that ends Fubo's lawsuit that had so far successfully challenged a three-way live sports streaming joint venture between Disney's ESPN, Fox and Warner Bros. Discovery.

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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. Traditional tax management methods, often reliant on manual processes, can be time-consuming and error-prone, leading to significant financial and legal repercussions. As businesses grow and expand into new markets, the complexity of tax compliance increases exponentially, making it crucial to adopt innovative solutions

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From Rivalry To Revolution: FuboTV To Combine With Disney's Hulu + Live TV, Settles Litigation

Benzinga

FuboTV Inc. (NYSE: FUBO ) shares skyrocketed on Monday after the company, along with The Walt Disney Company (NYSE: DIS ), finalized a definitive agreement to combine Disney’s Hulu + Live TV with Fubo, forming a combined virtual MVPD company. The combined entity will be majority-owned by Disney, which will hold 70% of the venture, with Fubo continuing to operate under the leadership of CEO David Gandler.

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When to Obtain an Equipment Valuation

Peak Business Valuation

Many businesses rely on equipment for smooth business operations. It is natural to be curious about equipment value. After all, the value of equipment plays an important role in a business’s financial health. Obtaining an equipment valuation can give insight into how equipment affects the overall value of the business. But when should you obtain an equipment valuation, and how can it help?

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SunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge

Benzinga

Regional Health Properties, Inc. (AMEX: RHE ) and SunLink Health Systems, Inc. (AMEX: SSY ) shares traded higher after the companies disclosed a merger agreement. As part of the deal, Regional Health Properties will issue 1.41 million shares of common stock and 1.41 million shares of newly authorized Series D 8% Cumulative Convertible Redeemable Preferred Stock.

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Explaining cyber risk to the board and top management

Norman Marks

This is a problem. Few do it well according to multiple studies and surveys. I will set out the issue and then make a couple of suggestions.

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Gilat Completes Acquisition of Stellar Blu Solutions LLC

Benzinga

Acquisition Supercharges Gilat's IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications Expected to Add $120-150 million in 2025 Annual Revenues PETAH TIKVA, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT , TASE: GILT)), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC ("Stellar Blu"), a leadi

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