Harvard Corporate Governance

JULY 26, 2024

Posted by Keith E. Gottfried, Gottfried Shareholder Advisory, on Friday, July 26, 2024 Editor's Note: Keith E. Gottfried is Founder and CEO of Gottfried Shareholder Advisory. This post is based on his Gottfried memorandum and is part of the Delaware law series ; links to other posts in the series are available here. On July 17, 2024, Senate Bill 313 , the market practice amendments to the Delaware General Corporation Law (the “ DGCL ”), were signed into law by Delaware Governor John Carney an

Marketability 148

Marketability 148

Value Scope

JULY 26, 2024

By: Brent Shockley, Principal The 2024 Summer Olympic games officially begin today and run through Sunday, August 11 th. The opening ceremony will feature over 10,000 athletes aboard over 90 boats floating down the Seine River in Paris at 7:30pm local time and 1:30pm Eastern US time. A few sports, such as football (soccer in the US), got an early start to their opening rounds on Wednesday, July 24 th.

Marketability 130

Marketability 130

NYT M&A

JULY 26, 2024

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.

Mergers & Acquisitions 142

Mergers & Acquisitions 142

Harvard Corporate Governance

JULY 26, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, July 26, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of July 19-25, 2024 AI Washing Enforcement Continues, Highlighting Risks to Companies and Investors Posted by David Rhinesmith, Brad Marcus, and Sarah Schaedler, Orrick, Herrington & Sutcliffe LLP, on Friday, July 19, 2024 Tags: Artificial intelligence , DOJ , fraud , SEC Supreme Court rules SEC use of i

Finance 100

Finance 100

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

Mckinsey and Company

JULY 26, 2024

A range of existing and emerging decarbonization solutions could help active pharmaceutical ingredient companies reduce their carbon footprint by up to 90 percent.

123

123

Global Finance

JULY 26, 2024

Treasury keeps up with the dynamic payments environment. As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, manage risk, and support business growth. Banking Circle is the winner of our award for Best Embedded Treasury Solution, providing the core financial infrastructure that allows businesses to build and off

Treasury 111

Treasury Banking Finance Technology 111

Global Finance

JULY 26, 2024

In an impressive turnaround, the Czech Republic’s consumer price index has sunk from a hefty 17.5% in February of last year to 2%—the Czech National Bank’s target—in June of this year. It’s the biggest percentage drop in inflation in the developed world since the beginning of 2013. Since assuming office at the peak of the republic’s inflation crisis in 2022, CNB Governor Aleš Michl has been implementing a unique and rather unorthodox strategy to combat price hikes.

Banking 105

Banking Finance Marketability 105

Law 360 M&A

JULY 26, 2024

In this week's Off The Bench, the NBA signed $77 billion worth of telecast and streaming deals while longtime league broadcaster TNT challenged the decision, Jerry Jones' suit against his alleged daughter settled while jurors were at lunch, and Pennsylvania's high court agreed to hear an appeal relating to Pittsburgh's jock tax, a fee applied to nonresident professional athletes.

88

88

Global Finance

JULY 26, 2024

In July, US global investment company and hedge fund, Citadel LLC, and Japanese energy startup, Energy Grid, announced their intent to enter a strategic partnership. Details of the deal were undisclosed, though it represents the first major step into Japan’s wholesale energy market by the Miami-based firm. The deal comes in the wake of Citadel CEO Ken Griffin’s bullish statements on Japan back in June 2023 and Citadel’s reopening of an office in Tokyo (the firm originally closed its Tokyo office

Marketability 98

Marketability Finance Corporate Finance 98

Appraisers Blog

JULY 26, 2024

Obviously this is wilful misinformation. As real estate prices rise, $2500 becomes a smaller and smaller percentage differential. It is quite obviously a knowing attempt to mischaracterize the industry. If you are appraising a $60,000 home maybe $3,000 would be significant. Where in the US can you buy a $60,000 home? Not around any major metropolitan area in the country.

Appraisal 88

Appraisal 88

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

Benzinga

JULY 26, 2024

EssilorLuxottica (OTC: ESLOY ) stock rose after the eyewear giant revealed interest from Alphabet Inc’s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google and other major technology companies in exploring partnerships following its collaboration with Meta Platforms (NASDAQ: META ) to develop Ray-Ban smart glasses. EssilorLuxottica CEO Francesco Milleri highlighted the company’s awareness of Meta’s intention to take a stake in the company.

Technology 69

Technology Marketability 69

Appraisers Blog

JULY 26, 2024

So the growing ignorant population with a bunch of zeal and no knowledge goes home to their families at night as if nothing has happened – while the appraiser is left gasping for air and survival. No one comes to the appraiser’s recue, not even the Appraisal Institute or other supposed appraisal groups. We now live in the post: honor; integrity; good conscience; and soul age.

Appraisal 86

Appraisal 86

Benzinga

JULY 26, 2024

KKR & Co. Inc. (NYSE: KKR ) managed investment funds inked a deal to acquire Instructure Holdings, Inc. (NYSE: INST ) for $23.60 per share in a $4.8 billion all-cash deal. The purchase price of $23.60 per share is a 16% premium over Instructure’s unaffected share price of $20.27 on May 17, 2024, the last trading day before news of the potential transaction, per a statement released yesterday.

Equity 59

Equity 59

Appraisers Blog

JULY 26, 2024

In reply to Tom from NJ. This is exactly what is happening and what Fudge was trying to push, along with a house in LA, New York or whatever by the same builder should be selling for the same price, as if it was a car. Location be damned.

Appraisal 86

Appraisal 86

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

Mckinsey and Company

JULY 26, 2024

The acclaimed scientist behind the planetary boundaries framework outlines what he thinks it would take to ensure humanity remains within a safe operating space amidst increasing environmental risks.

63

63

Appraisers Blog

JULY 26, 2024

The more I follow this the more I believe they are just yanking our chain so we are all chasing our tail. I’m not going to give these mush for brains any further satisfaction. I’m sure their having a good laugh.

Appraisal 85

Appraisal 85

Global Finance

JULY 26, 2024

Banking partners help optimize cash flow and protect its value. Faced with high interest rates and inflation, companies in Western Europe are turning to their banking partners to find ways to optimize cash flow and protect its value. Societe Generale , our winner this year as Best Bank for Transaction Banking, has developed a Sustainable GTB (global transaction banking) Framework—one of the first dedicated to asset-based GTB solutions—to enhance the ability of the bank and its clients to assess

Treasury 52

Treasury Banking Finance Marketability 52

Appraisers Blog

JULY 26, 2024

The HousingWire article highlighting that only 40% of homes sold include an “accurate” appraisal is misleading and dangerous.

Appraisal 85

Appraisal 85

Law 360 M&A

JULY 26, 2024

A pair of anticipated U.S. Supreme Court arguments, the fate of a new wave of lawsuits against special purpose acquisition companies and the future of shareholder claims of artificial intelligence malfeasance are among the issues that securities practitioners are following as the second half of 2024 unfolds in the courts.

52

52

Auto Dealer Valuation Insights

JULY 26, 2024

In the last year, M&A activity in the upstream area of the oil and gas industry has increasingly become top-heavy, characterized by several headline deals. While the broader North American E&P deal count has been shrinking since 2022, a handful of major acquisitions in the last year have led to a spike in upstream M&A spending.

Mergers & Acquisitions 52

Mergers & Acquisitions 52

Law 360 M&A

JULY 26, 2024

A shareholder of 3D-imaging and digitization venture Matterport Inc. has launched a Delaware Court of Chancery lawsuit seeking company documents, citing concerns that the business was selling itself to global real estate analytics company CoStar Group in part to protect insider equity from pending litigation.

Equity 52

Equity 52

Auto Dealer Valuation Insights

JULY 26, 2024

This post discusses important concepts of personal goodwill in divorce litigation engagements. The discussion relates directly to several divorce litigation cases involving owners of automobile dealerships.

52

52

Law 360 M&A

JULY 26, 2024

Live Nation told the Ninth Circuit that recent precedent from California's top court backs its argument that consumer litigation over allegedly exorbitant ticket prices should go to arbitration, despite arbitral rules criticized by the panel as "cockamamie" during oral arguments last month.

52

52

Auto Dealer Valuation Insights

JULY 26, 2024

Most economists and market participants now believe the Federal Reserve will start cutting interest rates at its September meeting as inflationary trends show signs of easing. Naturally, we’re interested in how expected rate cuts will affect the investment management industry’s transaction multiples.

Marketability 52

Marketability 52

Law 360 M&A

JULY 26, 2024

The U.S. Supreme Court's Loper Bright decision opens the door to challenges against the Office of Foreign Assets Control's sanctions regime, the unintended consequences of which raise serious questions about the wisdom of what appears to be a scorched-earth approach, says Solomon Shinerock at Lewis Baach.

52

52

Hallmark Brokers

JULY 26, 2024

Are you tired of the traditional 9-to-5 grind? Do you have a burning passion for something specific? If you’re looking for a way to transform your enthusiasm into a profitable venture, buying an existing business in Venice might be the perfect path for you. Why Buy a Business You Love? Leverage Your Passion: When you’re. Read more The post Turning Your Passion into Profit: Buying a Business You Love in Venice appeared first on Hallmark Brokers.

52

52

Law 360 M&A

JULY 26, 2024

A Delaware bankruptcy judge cleared the way Friday for clothing manufacturer Delta Apparel to put its assets on the auction block next month with a $28 million starting bid for one of its lifestyle and fashion brands, as the company continues to search for a stalking horse to bid on its remaining clothing lines.

52

52

Benzinga

JULY 26, 2024

Yupi Indo Jelly Gum , Southeast Asia’s top gummy manufacturer , is reportedly drawing interest from investment giants TPG Inc. (NASDAQ: TPG ), KKR & Co. Inc. (NYSE: KKR ), and Blackstone Inc. (NYSE: BX ). The deal, still in its early stages, values Yupi Indo Jelly Gum at approximately $500 million, according to The Wall Street Journal. Founded in 1996 as a joint venture with a major European gummy manufacturer, Yupi has grown to become Southeast.

Equity 52

Equity 52

Law 360 M&A

JULY 26, 2024

An activist shareholder that launched a failed proxy contest at First Foundation Inc. struggled to convince a Delaware Chancery Court judge Friday that the settlement it reached with the Texas-based bank was worth a $3.5 million attorney fee.

Banking 52

Banking 52

Benzinga

JULY 26, 2024

Everi Holdings Inc. (NYSE: EVRI ), International Game Technology (NYSE: IGT ), and Apollo Global Management, Inc. (NYSE: APO ) shares are trading higher today. IGT’s Gaming & Digital business and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo in an all-cash transaction that values the acquired businesses at approximately $6.3 billion on a combined basis.

Technology 52

Technology Equity 52

Law 360 M&A

JULY 26, 2024

Assa Abloy told a D.C. federal judge that it's agreed "in principle" on how a monitoring trustee will review its compliance with a U.S. Department of Justice merger lawsuit settlement, resolving a simmering dispute over its complaints of an open-ended multimillion-dollar investigation.

Compliance 52

Compliance 52

Global Finance

JULY 26, 2024

Companies operating in Central and Eastern Europe (CEE) continue to face unique challenges when it comes to cash management, due to a mix of economic development and regional variations. Inconsistencies between standardized payment systems among EU members and ad hoc systems used by non-EU members have resulted in fragmented receivables scenarios, where payment collections remain complex owing to the differences in payment practices across the region.

Treasury 52

Treasury Banking Finance Marketability 52

Law 360 M&A

JULY 26, 2024

In this week's Taxation With Representation, T-Mobile partners with KKR to acquire Metronet, Exclusive Networks gets a takeover offer, KKR buys Instructure Holdings Inc., and Bally's Corp. merges with The Queen Casino & Entertainment Inc.

52

52

Global Finance

JULY 26, 2024

Balancing global trends with regional specificities requires an understanding of the underlying dynamics to navigate potential challenges in this ever-changing region. It requires a keen understanding of the best technological tools to automate tasks and improve efficiency. Rapid treasury transformation has been afforded a boost thanks to the regional drive for real-time payments and application programming interfaces (APIs).

Treasury 52

Treasury Banking Start-ups Technology 52