Harvard Corporate Governance
JULY 17, 2024
Posted by M. Scott Barnard, Aileen M. McGrath and Neal Ross Marder, Akin Gump Strauss Hauer & Feld LLP, on Wednesday, July 17, 2024 Editor's Note: M. Scott Barnard , Aileen M. McGrath and Neal Ross Marder are Partners at Akin Gump Strauss Hauer & Feld LLP. This post is based on a Akin Gump memorandum by Mr. Barnard, Ms. McGrath, Mr. Marder, Josh A.
BVR
JULY 17, 2024
We recently posted the news that Stout has acquired Financial Research Associates (FRA). Jay Fishman is the founder and leader of FRA, but there are other very talented people in FRA who are also making the move.
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Harvard Corporate Governance
JULY 17, 2024
Posted by Amit Batish, Equilar, Inc., on Wednesday, July 17, 2024 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on his Equilar memorandum. The pace of women joining Russell 3000 boards has slowed substantially, according to the latest Equilar Gender Diversity Index (GDI). The Q1 2024 GDI reveals that women now represent 29.7% of all Russell 3000 board seats, up modestly from 29.4% in Q4 2023.
Value Scope
JULY 17, 2024
The Return of EA Sports College Football Video Game By: Brent Shockley This week marks the return of the Electronic Arts (NasdaqGS:EA) college football franchise for the first time in 11 years. The video game originated in 1993 as Bill Walsh College Football (the former head coach of Stanford University and three time Super Bowl champion with the San Francisco 49ers) but changed its label to College Football USA and then to NCAA Football.
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.
Harvard Corporate Governance
JULY 17, 2024
Posted by Stephen M. Davis (Harvard Law School) and Daniel Malan (Trinity Business School), on Wednesday, July 17, 2024 Editor's Note: Stephen M. Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and a Co-organizer of the Capital+Constitution project; and Daniel Malan is an Assistant Professor of Business Ethics and the Director of the Trinity Corporate Governance Lab at Trinity Business School.
Mckinsey and Company
JULY 17, 2024
Frontline retail workers in the United States are still planning to leave the industry in droves. New data reveals how retailers can improve the frontline experience and retain employees.
Business Valuation Zone brings together the best content for business valuation professionals from the widest variety of industry thought leaders.
Mckinsey and Company
JULY 17, 2024
Despite some very real risks, former Fortune CEO Alan Murray argues that the stunning advances made possible by generative AI outweigh the potential downsides.
Law 360 M&A
JULY 17, 2024
A Manhattan federal judge hit a former Goldman Sachs analyst with a 28-month prison sentence Wednesday for tipping his stepbrother and a friend to market-moving information, saying the Long Island native wanted to be "the big man" among his peers.
Financial Times M&A
JULY 17, 2024
Group behind CNN and HBO has discussed options including spin-off of its streaming service and movie studio
Law 360 M&A
JULY 17, 2024
As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.
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
The Guardian M&A
JULY 17, 2024
Potential bid by CVC Capital Partners believed to be structured to back newspaper group’s management team Business live – latest updates The private-equity group behind the Six Nations tournament and English Premiership Rugby is considering a bid for the Telegraph, before the deadline for the first round of the auction of the newspaper group this week.
Law 360 M&A
JULY 17, 2024
Andrew Kaplan of Gibson Dunn & Crutcher LLP handles high-stakes mergers and acquisitions such as advising VMware when it was bought by Broadcom Inc., earning him a spot among the mergers and acquisitions practitioners under age 40 honored by Law360 as Rising Stars.
Benzinga
JULY 17, 2024
V.F. Corporation (NYSE: VFC ) shares are trading higher Wednesday after the company announced it entered into an agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash. The Details: VF said it expects the sale of Supreme to be dilutive to its earnings per share in VF's 2025 fiscal year. Supreme contributed $538 million of revenue and $166 million in operating income during VF's 2024 fiscal year.
Lighter Capital
JULY 17, 2024
Lighter Capital is excited to attend the SaaStr Annual conference again this year, and we want you to join us! The conference is September 10-12 in the Bay Area. This year Jason Lemkin and the team have a few new surprises in store for their festival-style event. It’s going to be three action-packed days of high-quality networking and learning for over 13,000 SaaS entrepreneurs, execs, investors and founders.
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.
Benzinga
JULY 17, 2024
Chuy’s Holdings Inc (NASDAQ: CHUY ) shares are popping in Wednesday’s after-hours session after the company and Darden Restaurants, Inc. (NYSE: DRI ) jointly announced that Darden will acquire Chuy’s Holdings. What Happened: Chuy’s Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy’s outstanding stock for $37.50 per share in cash.
Machen McChesney
JULY 17, 2024
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. However, it’s important to avoid certain risks and charge an adequate interest rate.
Benzinga
JULY 17, 2024
BlackRock, Inc. (NYSE: BLK ) is selling $2.5 billion in U.S. investment-grade bonds to help pay for its $3.2 billion acquisition of private-markets data company Preqin. What Happened : According to Bloomberg, citing an anonymous source, BlackRock Funding plans to sell the notes in three tranches. The longest part of the deal matures in 30 years. It expects to yield one percentage point above Treasuries.
Benchmark Report
JULY 17, 2024
The seller, Worldwide Technologies, LLC (WWT), was founded in 2006 by Mike Jones and Kenny Whitworth out of a small facility in Franklin, KY. Under Mike and Kenny’s leadership, WWT expanded operations through continued investment in people, cutting-edge new technologies, and an unwavering commitment to customer satisfaction.
Benzinga
JULY 17, 2024
According to a report from the Wall Street Journal, Google's parent company Alphabet is reportedly in talks to acquire cyber security startup Wiz for $23 billion. This potential acquisition would be Google's largest ever and significantly boost its cloud computing capabilities. The potential deal has put ETFs with a substantial allocation to Alphabet in focus.
Financial Times M&A
JULY 17, 2024
Franco-Italian group adds streetwear brand to portfolio in first foray outside eyewear
The Guardian M&A
JULY 17, 2024
Mike Jatania’s Auréa heading consortium in exclusive talks with administrators for UK chain Business live – latest updates The Body Shop is close to being bought out of administration after it agreed to exclusive rescue talks with a consortium led by the British cosmetics tycoon Mike Jatania. Jatania’s investment company, Auréa, is in negotiations with the UK cosmetic chain’s administrators over a deal.
Financial Times M&A
JULY 17, 2024
Former Rusal executive Artem Volynets plans to roll up international assets of the vital metal
Benchmark Report
JULY 17, 2024
Being a prosperous business owner takes excellent hard work and dedication, and you've gained valuable knowledge along your journey. But sometimes, you don't have all the answers and can use a slightly different perspective to help you maintain your thriving position. We hope you find these books on various topics helpful as a business owner looking to raise your game.
Law 360 M&A
JULY 17, 2024
Delaware Gov. John Carney signed into law on Wednesday state code amendments allowing corporations to cede some governance rights to stockholders, as well as some state corporate oversight to other jurisdictions.
Benzinga
JULY 17, 2024
AutoNation, Inc. (NYSE: AN ) has lowered its second-quarter 2024 quarterly earnings forecast following a cyberattack on software provider CDK Global on Jun 19, 2024. The auto retailer cut its guidance for earnings per share by $1.50 to $3.15-$3.30 for the three months ending Jun 30. Despite the negative impact of the CDK outage on AutoNation's business and productivity, the incident is not expected to have a significant impact on the company's overall financial condition or operations.
Law 360 M&A
JULY 17, 2024
Activist investment firm Politan Capital Management LP launched a lawsuit Wednesday against Masimo Corp. in Delaware Chancery Court just days after the medical technology company accused it of violating securities laws by trying to gain control of Masimo through a proxy contest that duped Masimo shareholders using "lies and deceit.
Benzinga
JULY 17, 2024
WaFd, Inc. 's (NASDAQ: WAFD ) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially. The quarter marked the first full quarter after the completion of the acquisition of Luther Burbank Corporation (LBC). The results reflected a rise in net interest income (NII) and other income, which aided the top line.
Law 360 M&A
JULY 17, 2024
Nasdaq is proposing to strengthen its rules governing delistings and trading suspensions of special-purpose acquisition companies that fail to complete mergers within 36-month deadlines or that violate other listing standards.
Benzinga
JULY 17, 2024
U.S. Silica Holdings, Inc. (NYSE: SLCA ) announced the shareholder approval of its acquisition by funds managed by affiliates of Apollo, a premier investment firm. This all-cash transaction was approved during a special meeting of the company's stockholders on Jul 16, 2024. The closing of the Merger is subject to the terms and conditions outlined in the agreement, with an expected completion before the end of the current quarter.
Law 360 M&A
JULY 17, 2024
Parties involved in Nippon Steel's acquisition of U.S. Steel should trust the Pennsylvania federal court overseeing a key environmental settlement to supervise a way of including future union jobs and cleaner air for the city of Pittsburgh as part of a transparent business marriage, says retired judge Susan Braden.
Auto Dealer Valuation Insights
JULY 17, 2024
Last week, the consumer-price index decreased slightly from May, resulting in a year-over-year inflation measure of 3%. This is the lowest measure of inflation since June 2023. Another month of mild inflation strengthens the case for an interest-rate cut by the Federal Reserve in September.
Law 360 M&A
JULY 17, 2024
More special-purpose acquisition companies are conducting initial public offerings, mostly backed by dealmakers who have completed prior mergers, bringing life to a listings market that was largely barren over the past year.
Benzinga
JULY 17, 2024
Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Core Scientific, Inc. (NASDAQ: CORZ ), with a price forecast of $20. According to the analyst, Bitcoin miners currently have one of the most coveted assets in the world – access to power. In June 2024, Core Scientific announced a deal with CoreWeave (private), following which shares went up meaningfully.
Law 360 M&A
JULY 17, 2024
Gates Capital Management Inc., a top shareholder in Vista Outdoor Inc., is urging the sporting goods maker not to move ahead with a plan to sell part of its business to a Czech defense group, pushing instead for a spinoff or sale of the entire company, according to a Wednesday letter.
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