Harvard Corporate Governance

OCTOBER 16, 2024

Posted by Ray Garcia, Matt DiGuiseppe, and Paul DeNicola, PricewaterhouseCoopers LLP, on Wednesday, October 16, 2024 Editor's Note: Ray Garcia is a Leader, Matt DiGuiseppe is Managing Director, and Paul DeNicola is a Principal at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Stewardship survey at a glance: Investors believe the stewardship work they do can impact investment performance 72% of investors expect their stewardship activities to have an impact on investment

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Brian DeChesare

OCTOBER 16, 2024

“Why investment banking?” is not only one of the most common questions in interviews but also one of the most incorrectly answered ones. An older version of this article from ~15 years ago addressed this question, and you can find dozens of other articles that suggest answers. But most coverage suggests generic answers about wanting to learn a lot, liking financial analysis or valuation, or wanting to “understand different industries.

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Banking Finance Start-ups Corporate Finance 105

Harvard Corporate Governance

OCTOBER 16, 2024

Posted by Barbara Borden, Sarah Lightdale, and Jenna Miller, Cooley LLP, on Wednesday, October 16, 2024 Editor's Note: Barbara Borden and Sarah Lightdale are Partners and Jenna Miller is a Resource Attorney at Cooley LLP. This post is based on their Cooley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here.

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Mckinsey and Company

OCTOBER 16, 2024

With pandemic-related volatility subsiding, the strategies separating industry leaders from their peers are coming into focus.

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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

Global Finance

OCTOBER 16, 2024

Offerings are bouncing back, as the upcoming US election creates opportunities and risk. The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. Last week marked the busiest period for IPOs since February, with four out of five companies successfully pricing their offerings and raising a combined $1.1 billion.

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Marketability Private Equity Firm Finance Equity 64

Mckinsey and Company

OCTOBER 16, 2024

Farmers are increasingly prioritizing productivity. A shift toward operations-focused solutions underscores a broader trend in agriculture, where efficiency and sustainability are becoming paramount.

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Vested

OCTOBER 16, 2024

We all know that securing investment is essential for business growth. But as your list of investors expands, your cap table might start to collapse under the weight of success.

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Benzinga

OCTOBER 16, 2024

Qualcomm Inc (NASDAQ: QCOM ) postponed its strategic offer for Intel Corp (NASDAQ: INTC ) until after the November presidential election. Additionally, the Cybersecurity Association of China (CSAC) decided to probe Intel’s products sold in China, citing a national security threat weighing on the U.S. chipmaker’s stock price Wednesday. Qualcomm gained time to enhance transparency in its leadership, a key factor in the ongoing antitrust regulations and geopolitical dynamics with China,

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LaPorte

OCTOBER 16, 2024

(authored by RSM US LLP) Explore five critical IRS audit triggers for partnerships and discover strategies to stay compliant and minimize tax risks. The post 5 key IRS audit triggers and how partnerships can minimize their risk first appeared on LaPorte.

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Law 360 M&A

OCTOBER 16, 2024

The former director of analytical development at Canadian-based drug company Bellus Health Inc. has agreed to pay the U.S. Securities and Exchange Commission over $120,000 to settle claims that he sold shares on nonpublic information about pharma giant GSK's impending takeover of his company, according to court filings.

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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

Auto Dealer Valuation Insights

OCTOBER 16, 2024

Karolina Calhoun, CPA, ABV, CFF is presenting at the 2024 AICPA & CIMA Forensic & Valuation Services Conference on October 28, 2024 in Dallas, Texas. She will present with Kevin Segler of KoonsFuller on “All in the Family — Related-Party Companies in Divorce.

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Law 360 M&A

OCTOBER 16, 2024

Hardware store supplier True Value Co. is "laser focused" on closing a $153 million sale, attorneys for the company Wednesday told a Delaware bankruptcy judge who agreed to approve a two-week deal the debtor struck with a lender to use cash on hand to fund the Chapter 11 case.

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Auto Dealer Valuation Insights

OCTOBER 16, 2024

Since 1905, Boar’s Head has built a multigenerational family enterprise selling deli meats, cheeses, and other delicious sundries. In the last several decades, the company has publicly handled various product contamination and recall situations while simultaneously dealing with internal ownership conflicts and legal battles behind closed doors.

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Law 360 M&A

OCTOBER 16, 2024

A former Davis Polk & Wardwell LLP associate on Tuesday dropped his appeal of a jury verdict clearing the firm and two lawyers of liability in a suit alleging he was fired in retaliation for airing concerns about racial bias and diversity.

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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

Benzinga

OCTOBER 16, 2024

Primo Water (NYSE: PRMW ) announced that its board of directors has approved a special dividend of 82 cents, which reflects an increase of 811% from its quarterly dividend rate of 9 cents. It will be payable on Nov. 21, 2024, to stockholders of record as of Nov. 5, 2024. Rationale Behind PRMW's Special Dividend The special dividend came after Primo Water announced the receipt of regulatory approval under the Investment Canada Act in connection with the previously announced all-stock combinat

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Law 360 M&A

OCTOBER 16, 2024

A Delaware vice chancellor repeatedly pressed an attorney for shareholders of 3D printer manufacturer The ExOne Co. Wednesday on the relative importance of a stock drop experienced by acquirer Desktop Metal Inc. before and after shareholders voted on a $575 million merger.

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Benzinga

OCTOBER 16, 2024

Zimmer Biomet Holdings, Inc. (NYSE: ZBH ) is scheduled to report third-quarter 2024 results on Oct. 30, before market open. In the last reported quarter, the company's earnings of $2.01 beat the Zacks Consensus Estimate by 1.5%. ZBH beat on earnings in each of the trailing four quarters, the average surprise being 2.84%. ZBH's Q3 Estimates The Zacks Consensus Estimate for revenues is pegged at $1.81 billion, suggesting a 3.3% rise from the year-ago reported figure.

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Law 360 M&A

OCTOBER 16, 2024

The New York Stock Exchange wants to limit companies' ability to rely on reverse stock splits to raise their share prices and avoid delisting, submitting a proposal shortly after regulators approved a Nasdaq plan to rein in such splits.

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Auto Dealer Valuation Insights

OCTOBER 16, 2024

Mercer Capital’s Bryce Erickson, ASA, MRICS and J. David Smith, ASA, CFA will be attending the 2024 NARO National Convention in Houston, Texas on October 16-19, 2024. This unique conference is tailored to mineral and royalty interest owners in the oil and gas industry. Bryce Erickson, Managing Director at Mercer Capital, leads Mercer Capital’s Oil and Gas industry team.

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Law 360 M&A

OCTOBER 16, 2024

As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.

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Benzinga

OCTOBER 16, 2024

Exxon Mobil Corporation (NYSE: XOM ), the largest oil producer in the United States, is reportedly looking to sell some of its assets in North Dakota's Bakken shale formation. According to a Reuters report, the company aims for a deal that could fetch at least $500 million. ExxonMobil is exploring market interest for a portion of its Bakken shale holdings, which include approximately 137 operated and 676 non-operated and royalty wells across 49,000 net acres in North Dakota.

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Law 360 M&A

OCTOBER 16, 2024

Deadlines have passed for antitrust enforcers to challenge Oneok Inc.'s deal for a $3.3 billion stake in EnLink Midstream LLC and Arch Resources Inc.'s all-stock merger with Consol Energy Inc., a deal that's expected to create a natural resources company worth $5.2 billion.

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Global Finance

OCTOBER 16, 2024

A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. But it is also challenging to navigate. In addition to cultural and economic diversity, Asia also places great demands for leading-edge digital technology on FIs, with an increasing insistence on instant, low-friction services and r

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Law 360 M&A

OCTOBER 16, 2024

A Summit Partners affiliate and several executives concocted false allegations of misconduct to get out of fully compensating the owner of an investment management firm as part of an acquisition worth a reported $97.6 million, according to a complaint filed in Massachusetts state court.

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Appraisers Blog

OCTOBER 16, 2024

Revisiting this one for an appraiser friend. Just took USPAP again. Calypso has the best deals in town, sign up for their coupons. Picked up the ethics for $170 or there abouts, and landed another 14 hours for only $150 dollars. They’re the last affordable independent CE online that I could find. Firefox Mozilla is apparently still working well to defeat session timers.

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Law 360 M&A

OCTOBER 16, 2024

Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.

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LaPorte

OCTOBER 16, 2024

Houston, TX 10/10/24 – LaPorte is proud to announce that the firm has been voted as a 2024 Nextdoor Neighborhood Fave in Houston, TX. This… The post LAPORTE NAMED TO 2024 NEIGHBORHOOD FAVES first appeared on LaPorte.

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Law 360 M&A

OCTOBER 16, 2024

It's an oft-repeated line that private equity activity is set to surge amid pressure to exit older investments and deploy record stores of dry powder, but mergers and acquisitions professionals recently surveyed by Dykema weren't exactly thrilled about that, with a majority saying they only "somewhat agree" that private equity is set to boost deal activity.

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Peak Business Valuation

OCTOBER 16, 2024

If you are looking to buy , grow , or sell a food distribution business , it is vital to receive a business valuation. As part of a food distribution business valuation, business appraisers often use valuation multiples for a food distributor to calculate the company’s fair market value. Additionally, a food distribution valuation assesses a food distributor’s strengths, weaknesses, risks, and opportunities.

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Law 360 M&A

OCTOBER 16, 2024

Los Angeles-based investment firm The Forest Road Company, advised by Skadden Arps Slate Meagher & Flom LLP, has purchased the ERT Formula E team. The team is rebranding as Kiro Race Co as it prepares to enter the 11th season of the ABB FIA Formula E World Championship under new ownership.

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Valutico

OCTOBER 16, 2024

PepsiCo, Inc. Biweekly Valuation – Valutico | October 16, 2024 Link to Valuation A sip of success PepsiCo is more than just a soft drink giant—it’s a global powerhouse in food and beverages with a brand lineup that’s second to none. From Pepsi and Gatorade to Lay’s and Quaker, their products reach consumers in over 200 countries, offering something for everyone.

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Law 360 M&A

OCTOBER 16, 2024

Sports data and entertainment company Two Circles said Wednesday it has agreed to buy sports industry intelligence platform Kore, in a deal that will create a merged company worth a reported $650 million.

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The Guardian M&A

OCTOBER 16, 2024

Shares in food company jump 13% after reports Advent is in early stages of preparing an offer Tate & Lyle could become the next UK company to fall to an overseas takeover offer, following reports that US private equity firm Advent International is preparing a bid for the group. Shares in Tate & Lyle, which makes ingredients such as artificial sweeteners, jumped as much as 13% on Wednesday after the Financial Times reported that Advent was in “the early stages” of preparing an offer.

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Law 360 M&A

OCTOBER 16, 2024

A U.S. investor in the Japanese parent company of 7-Eleven said Wednesday it is pushing the company to consider a revised buyout bid from Canada's Alimentation Couche-Tard Inc. that is said to carry a $47 billion price tag, telling Japan's Seven & i Holdings that an alternative restructuring plan the company recently revealed is "too little, too late.

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