Tue.Sep 17, 2024

article thumbnail

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.

232
232
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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
article thumbnail

Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says

NYT M&A

The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.

article thumbnail

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.

article thumbnail

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
article thumbnail

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

124
124

More Trending

article thumbnail

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.

article thumbnail

How data centers and the energy sector can sate AI’s hunger for power

Mckinsey and Company

The growth of data centers and the adoption of AI rely on the availability of electric power. Opportunities for investors in power infrastructure and adjacent sectors are quickly emerging.

Equity 106
article thumbnail

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.

article thumbnail

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.

118
118
article thumbnail

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

article thumbnail

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

111
111
article thumbnail

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?

100
100
article thumbnail

4 tips to maintain or reduce business debt

JPAbusiness

Business owners looking to drive their business forward need to be aware of their capital base and liquidity for working capital and investment purposes. Critical to this is maintaining a strong cash flow. The infographic below contains 4 top tips for managing business debt and maintaining a healthy cash flow.

72
article thumbnail

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.

78
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

83
article thumbnail

Kepler Cheuvreux buys majority stake in Trackinsight

Financial Times M&A

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

88
article thumbnail

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.

75
article thumbnail

Marlboro maker sells asthma inhaler group at discount after health backlash

Financial Times M&A

Philip Morris pivot from tobacco to healthcare with purchase of Vectura sparked opposition from doctors

88
article thumbnail

Quantum sensing’s untapped potential: Insights for leaders

Mckinsey and Company

Quantum sensing is viable and could touch many parts of businesses. Here’s what leaders across industries should know.

101
101
article thumbnail

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

article thumbnail

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.

article thumbnail

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.

59
article thumbnail

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.

article thumbnail

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
article thumbnail

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 75
article thumbnail

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.

article thumbnail

Banking Deal Oversight Expected to Get a Major Revamp

NYT M&A

The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.

Banking 70
article thumbnail

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

article thumbnail

Traditional Meets Data-Driven: The Modern Business Broker’s Guide to Valuations

GCF Value

As a business broker, you’ve spent years honing your craft—developing a keen understanding of your market, building client relationships, and closing deals that help businesses change hands smoothly. It’s no secret that in your field, experience matters. However, the marketplace is evolving, and the modern broker faces new challenges that require more than instinct and expertise.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

52
article thumbnail

“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.

52