Tue.Sep 17, 2024

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Board Oversight of AI

Harvard Corporate Governance

Posted by Tara K. Giunta (Paul Hastings LLP) and Lex Suvanto (Edelman Smithfield), on Tuesday, September 17, 2024 Editor's Note: Tara K. Giunta is a Partner in the Litigation Practice at Paul Hastings LLP and Lex Suvanto is a Managing Partner at Edelman Smithfield. AI is rightly seen as a transformative tool with the potential to change every aspect of our lives: how we live, how we work, how we create, how we communicate, how we learn.

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The FTC’s fight to stop an $8.5bn American fashion takeover

Financial Times M&A

Michael Kors among those called to testify as regulators try to block a deal between the owners of Coach and his brand

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Delaware Court of Chancery Finds Buyer Failed to Use Commercially Reasonable Efforts in Pharma Milestone Payment Case

Harvard Corporate Governance

Posted by James Hu, John Kupiec and Rishi Zutshi, Cleary Gottlieb Steen & Hamilton LLP, on Tuesday, September 17, 2024 Editor's Note: James Hu , John Kupiec and Rishi Zutshi are Partners at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary memorandum by Mr. Hu, Mr. Kupiec, Mr. Zutshi, Kimberly Spoerri , Benet O’Reilly , and Lucy Silver and is part of the Delaware law series ; links to other posts in the series are available here.

Equity 113
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Comment on Cindy Chance Terminated by Mary Thompson Thompson

Appraisers Blog

In reply to Angry Appraiser. Amen. Their president’s letter made it clear they want someone who supports THEIR agenda. Well excuse me I thought their agenda was FOR the Appraisers not against. They need to FAIL in order to restore order.

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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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Disclosing and cooling-off: An analysis of insider trading rules

Harvard Corporate Governance

Posted by Liyan Yang (University of Toronto), on Tuesday, September 17, 2024 Editor's Note: Liyan Yang is a Professor of Finance at the Rotman School of Management, University of Toronto. This post is based on an article in the Journal of Financial Economics by Professor Yang, Professor Jun Deng, Professor Huifeng Pan, and Professor Hongjun Yan. Regulating insider trading has long been a controversial issue, balancing the need for fairness and market integrity in financial markets against insid

Finance 113
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DOT Clears $1.9B Alaska-Hawaiian Airlines Combo For Takeoff

Law 360 M&A

Alaska Airlines and Hawaiian Airlines intend to close their $1.9 billion merger within days as the U.S. Department of Transportation greenlit the deal Tuesday after convincing the companies to agree to conditions meant to protect travelers, rural communities and competition in the market.

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The evolving role of experiences in travel

Mckinsey and Company

Travelers increasingly plan trips around activities. How can the travel industry make it easier to discover and book the magical experiences that travelers crave?

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The Guardian in Talks to Sell The Observer to Tortoise Media

NYT M&A

The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.

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The McKinsey Crossword: Round and Round (and Round and Round and Round) | No. 198

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 you’re looking for a quick win.

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EXCLUSIVE: La Rosa To Acquire Real Estate Firm With 950 Plus Agents, Targets 4K Agents And Strong Growth

Benzinga

Tuesday, La Rosa Holdings Corp (NASDAQ: LRHC) announced that it has entered into a non-binding Letter of Intent to acquire a real estate brokerage firm with over 950 agents and offices in multiple states. The firm also offers a proprietary cloud-based Software-as-a-Service (SaaS) platform tailored for real estate agents and generated more than $19.0 million in revenue for 2023.

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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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What are Scope 1, 2, and 3 emissions?

Mckinsey and Company

Scope 1, 2, and 3 emissions are greenhouse gases that are released across an organization’s entire value chain. Scope 3 emissions are the most complex, as they are released before and after a product is delivered or consumed.

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US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'

Benzinga

United States Steel Corporation (NYSE: X ) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the acquisition would be good for both shareholders and employees.

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EU competition chief warns against weakening rules to create champions

Financial Times M&A

Margrethe Vestager’s comments come as successor told to be ‘more supportive’ of companies

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Numat CEO Ben Hernandez on mitigating the risks of hazardous chemicals

Mckinsey and Company

Numat’s solutions enabled by metal-organic frameworks operate at the nanoscale to neutralize chemical hazards. Interest is growing in their application in chemical defense equipment.

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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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Gibson Dunn Offers Securities Litigation 2024 Mid-Year Update

Reynolds Holding

This update provides an overview of the major developments in federal and state securities litigation since our Securities Litigation 2023 Year-End Update. A recent NERA Economic Consulting (NERA) study provides an overview of recent developments in filings. This section highlights several notable trends. Filing Trends Figure 1 below reflects the federal filing rates from 1996 through 2024.

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Is your frontline workforce strategy right for where you are?

Mckinsey and Company

With sharper local insights, a fit-for-purpose talent strategy can help manufacturers and other frontline-intensive businesses turn talent into a competitive edge.

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Kroger, Albertsons Shares Dip After FTC Gives Closing Arguments In Hearing To Block Merger

Benzinga

Kroger Co (NYSE: KR ) and Albertsons Companies, Inc. (NYSE: ACI ) shares closed lower Tuesday after lawyers for the Federal Trade Commission (FTC) gave closing arguments in a hearing to temporarily block the proposed merger between the two companies. The Details: The three-week-long U.S. District Court hearing ended on Tuesday. The FTC urged Judge Adrienne Nelson to issue a preliminary injunction to block the merger while its complaint goes before an in-house.

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When private equity is the friendly choice

Financial Times M&A

Plus, the Nevada court battle over the future of Rupert Murdoch’s empire and how a corporate lawyer won gold at the Paralympics

Equity 77
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Hewlett Packard Analyst Gives 5 Reasons To Be Bullish As Juniper Deal Promises To 'Shift Focus'

Benzinga

Shares of Hewlett Packard Enterprise Co (NYSE: HPE ) climbed in early trading on Tuesday, along with some other stocks. The company is poised to benefit from cost cuts, Juniper-related synergies and AI optionality, according to Bank of America Securities. Analyst Wamsi Mohan upgraded the rating from Neutral to Buy, while raising the price target from $21 to $24.

Banking 59
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Kepler Cheuvreux buys majority stake in Trackinsight

Financial Times M&A

Financial services company says the acquisition will provide professionals with ETF selection tools

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Rolls-Royce in transformation: An interview with Nikki Grady-Smith

Mckinsey and Company

To thrive in the aerospace sector, companies must go far beyond small-scale, incremental changes and transform their entire business.

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The questions over Commerzbank’s stake sale

Financial Times M&A

Deal is a textbook example of how not to create price tension in a capital markets offering

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The Asset Approach Made Simple

Peak Business Valuation

The IRS has outlined several valuation approaches experts can use to conduct fair and consistent small business valuations. One of these valuation methods is the asset approach. At Peak Business Valuation , we frequently use the asset approach when valuing a small business. A common method under the asset approach is The Adjusted Book Value Method.

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Guardian in talks to sell the Observer to Tortoise Media

Financial Times M&A

Media start-up pledges to invest £25mn in world’s oldest Sunday newspaper

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 08/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 08/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 08/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Wheel Pros Floats $30M Ch. 11 Sale Of Its 4WP Unit

Law 360 M&A

Bankrupt automotive wheel company Wheel Pros LLC asked a Delaware bankruptcy court to bless a private $30 million sale of its recently acquired 4WP retail unit to a subsidiary of Australia's ARB Corp., a move that would bypass the usual Chapter 11 auction.

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“Buy-Sell Agreements: Valuation Handbook for Attorneys” Now Available

Auto Dealer Valuation Insights

We are excited to share the release of our latest book Buy-Sell Agreements: Valuation Handbook for Attorneys authored by Z. Christopher Mercer, FASA, CFA, ASA and published by the American Bar Association. This week, we share an excerpt from the book that discusses what you can expect to find in the full copy.

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FDIC, OCC Cement New Bank-Merger Policy Guidelines

Law 360 M&A

Federal banking regulators on Tuesday approved plans to tighten their oversight of bank mergers, scoping out heightened scrutiny for deals that result in banks with $100 billion in assets among other things.

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Why All Internal Auditors Need to Be Data Experts

Internal Audit 360

GUEST BLOG POST A chief audit executive once said to me: “Almost every team follows a process. Just because they don’t write it down, doesn’t mean one doesn’t exist.” It was at that moment that I realized that the lack of capability maturity or process rigor doesn’t necessarily mean that no process exists. From that point forward I began describing the lack of written processes as “no articulated process,” instead of “no defined process.

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VivoPower Plots $1.13B Merger After Unit's SPAC Deal Closes

Law 360 M&A

Sustainable energy solutions company VivoPower and hydrogen technology company FAST are mulling a combination valuing the pair at $1.13 billion, in a potential deal that would follow the departure of VivoPower's electric utility vehicle subsidiary through a special purpose acquisition company merger.

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Comment on Cindy Chance Terminated by Angry Appraiser

Appraisers Blog

Personally, my money is on Cindy. They hired her to do a job, and by the looks of it… she’s STILL doing it, and intends to keep doing it by taking on these crusty-good-old-boy elitists. I hope she sues the pants off them and ALL their dirty laundry is aired out. Closed door meeting or not, us appraisers WILL find out who voted for removal.

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E-Discovery Services Co. Proteus Makes 1st Acquisition

Law 360 M&A

Indianapolis-based e-discovery services and consulting company Proteus Discovery Group has acquired Portland-headquartered e-discovery provider Novitas Data, marking the company's first acquisition.

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7-Eleven Store Operator Seven & i Reclassified Under Japan's Investment Rules: What Does It Mean For $39B Couche-Tard Deal?

Benzinga

On Friday, Japan’s Ministry of Finance released a list of 88 companies that serves as a guide for foreign investors. The so-called “Classification List” under the Foreign Exchange and Foreign Trade Act (FEFTA) is meant to assess if companies must submit a prior notification when making inward direct investments or engaging in equivalent activities with Japanese-listed companies.

Finance 52
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Philip Morris To Part With Inhaler Maker In Up To £258M Deal

Law 360 M&A

Philip Morris International is spacing itself from the British inhaler maker it purchased in 2021 through an up to ​​£258 million ($339.6 million) sale that preserves a commercial relationship, amid what the tobacco company called "unwarranted opposition" to its role in developing inhaled therapeutics.

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