Harvard Corporate Governance

JANUARY 2, 2024

Posted by Joe Ucuzoglu and Jennifer Steinmann, Deloitte Touche Tohmatsu Limited, on Tuesday, January 2, 2024 Editor's Note: Joe Ucuzoglu is Global CEO and Jennifer Steinmann is Global Sustainability & Climate Practice Leader at Deloitte Touche Tohmatsu Limited. This post is based on their Deloitte memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Mckinsey and Company

JANUARY 2, 2024

Making an effective exit from leadership is critical both to the organization’s future and the CEO’s legacy. Here is how the world’s best CEOs approach that transition.

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Corporate Finance Finance 136

Harvard Corporate Governance

JANUARY 2, 2024

Posted by Fernán Restrepo (UCLA), on Tuesday, January 2, 2024 Editor's Note: Fernán Restrepo is an Assistant Professor of Law at the UCLA School of Law. This post is based on his paper forthcoming in the Journal of Legal Studies. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

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Compliance Finance 131

Mckinsey and Company

JANUARY 2, 2024

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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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

Law 360 M&A

JANUARY 2, 2024

Appliance and housewares maker Instant Brands proposed changes to its executive bonus plan Tuesday in Texas bankruptcy court, after the company failed to close a $206 million sale of one of its business lines due to regulatory approval issues.

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Appraisers Blog

JANUARY 2, 2024

In reply to Mark S. Davis. I had sort of higher hopes for this trolling event. Sadly, it fizzled out. Just when it was getting good too, lol. Your pal; Friendly neighborhood insurrectionist. Of course, you can’t take anything I say seriously, or anything any conservative says seriously for that matter. Because there is only one party. The state.

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Appraisal 91

Appraisers Blog

JANUARY 2, 2024

In reply to hammering hank. Are you an appraiser? Don’t you prep for your assignments without knowing the racial identity of the appraisals completed for lenders? Furthermore, which is worse for the borrower — to appraise a property above market or below market?

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Appraisal Marketability 82

Reynolds Holding

JANUARY 2, 2024

Few types of behavior attract as much attention in corporate and securities law as insider trading – that is, securities transactions based on material non-public information (MNPI). [1] Yet there is very limited empirical evidence on whether the law effectively deters insider trading, and particularly whether the adoption of the main doctrine behind its prohibition – the “misappropriation theory” – has any deterrent effect.

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Marketability 103

Appraisers Blog

JANUARY 2, 2024

There is one exception to your observation: “Losing money is not sustainable for any business” FNMA manages to lose money year after year after year…yet stay afloat. Perhaps it’s time for appraisers to apply for membership in the Perpetual Conservatorship Club.

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Appraisal 77

Benzinga

JANUARY 2, 2024

Dish Network Corp and EchoStar Corp (NASDAQ: SATS ), led by Charlie Ergen, have finalized their merger, effectively reuniting Ergen's satellite businesses. To finalize the acquisition, a subsidiary wholly owned by EchoStar merged with Dish Network, with Dish continuing as a subsidiary under EchoStar's complete ownership. Following the merger, as previously declared, every share of Dish Network's Class A and Class C common stock was exchanged for 0.350877 shares of EchoStar's Clas

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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

Appraisers Blog

JANUARY 2, 2024

In reply to Pat Turner. Artificial non-intelligence is more like it. Those softwares don’t program themselves. Qualified appraisers are not coding them in or playing any substantial role in their development either. Just a bunch of young tech people with rather distorted ideas of what appraisal valuation service is, and how the human elements of experienced qualified observation and reporting relate to the infinite possibilities in the real property housing realms, in the real world outsid

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Appraisal 68

Benzinga

JANUARY 2, 2024

Comfort Systems USA, Inc (NYSE: FIX ) agreed to acquire Houston-based Summit Industrial Construction, LLC for an undisclosed price. The transaction is currently expected to close in the first quarter of 2024. The acquisition is expected to contribute annualized revenues of approximately $360 million to $400 million. It is expected to provide. Full story available on Benzinga.

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Appraisers Blog

JANUARY 2, 2024

In reply to Raymond. Thank you. This is terminology not typically present in GSE lending work. 703 expert witness. Apparently this is also state specific. [link] A substantial portion of well developed appraisal is based on logical inference… Recognized methods is also a somewhat subjective topic. I’m more inclined to the idea of differential proportions, that all else being equal, the need for applied adjustments becomes minimized.

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Fair Market Value Comps Appraisal Marketability 65

Benzinga

JANUARY 2, 2024

Myers Industries, Inc (NYSE: MYE ) and Signature Systems are planning a $350-million merger. The transaction will be financed through a new $350 million credit facility. Signature has projected 2023 revenue, operating income, and Adjusted EBITDA of approximately $122 million, $24 million and $44 million, respectively. The transaction is expected to close in the first quarter.

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EBITDA Finance 65

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

Appraisers Blog

JANUARY 2, 2024

In reply to Retired Appraiser. This comment made me think about the scale of these investments. Fannie’s profit loss summary, early 2023. Am I reading this right; 40% of seniors are on adjustable rate loans? [link] [link] That’s fun. They tried to pass some title waivers deal too, and it was shut down. The logic for scrapping was; ‘According to the Journal, after extensive backlash — mostly around Fannie Mae’s lack of experience with title insurance — the pilot program was scra

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Appraisal 65

Benzinga

JANUARY 2, 2024

Sustainable energy company Avangrid Inc (NYSE: AGR ), a member of the Iberdrola S.A. (OTC: IBDRY ) (OTC: IBDSF ) Group, has terminated the merger agreement with PNM Resources, Inc (NYSE: PNM ) as all final regulatory approvals were not received by December 31, 2023. Avangrid added that it has been fighting since 2020 to gain approval of its merger with PNM, a merger that would bring over $300 million in benefits to PNM consumers and communities.

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Equity Marketability 65

Law 360 M&A

JANUARY 2, 2024

French IT consultancy Atos said Wednesday that it is in talks to sell its cybersecurity division to Airbus, the European aerospace company, for up to €1.8 billion ($2 billion) in a move to cut debt and concentrate on its other businesses.

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Benzinga

JANUARY 2, 2024

Joyy Inc (NASDAQ: YY ) stock is trading lower on Tuesday following news that its proposed $3.6 billion sale of YY Live, a live-streaming business in China, to Baidu Inc (NASDAQ: BIDU ) has fallen. The deal, unveiled in November 2020, was intended to close in the first half of 2021 but lapsed without regulatory approval. Baidu's affiliate Moon SPV terminated the share purchase agreement, citing unmet conditions, including the failure to secure support from authorities, Bloomberg reports.

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Farrel Fritz

JANUARY 2, 2024

This first post of 2024 brings the New York Business Divorce Blog into its eighteenth calendar year of weekly commentary on disputes among co-owners of closely held businesses. This year, let business owners and their counsel resolve to carefully document their investment and ownership transactions. If the past eighteen years of our covering all varieties of bitter and costly litigation that can result from poorly documented transactions among business owners is not enough motivation to stick t

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Equity Dividends 59

Benzinga

JANUARY 2, 2024

Via Renewables, Inc. (NASDAQ: VIA ) has inked a deal for a majority of its Class A common shares to be purchased by Retailco, LLC, a Texas-based LLC, for $11.00 per share. This offer is notably higher than the recent market value, showcasing a 17.0% increase over the closing price on December 29, 2023, and represents a 19.7% premium to the 30 trading-day volume-weighted average price as of December 29, 2023, and a 36.5% premium to the 60.

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Marketability Equity 59

Appraisers Blog

JANUARY 2, 2024

In reply to hammering hank. I’m sensing severe TDR in this one… What’s it like to live life like a parrot in a cage, screeching red blue red blue all day? You were saying something about ‘educated opinions’? Bruh, turn off the television.

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Appraisal 61

Benzinga

JANUARY 2, 2024

Friday, LumiraDx Limited (NASDAQ: LMDX ) appointed joint administrators for two subsidiaries. The administrators signed a definitive agreement to sell certain companies of LumiraDx related to LumiraDx's point-of-care technology to Roche Holdings AG (OTC: RHHBY ). Separately, LumiraDx appointed Andrew Johnson, Lisa Rickelton, and Lindsay Hallam of FTI Consulting as joint administrators of two subsidiaries, LumiraDx Group Limited.

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Technology 59

Vested

JANUARY 2, 2024

Each year, every UK company files a set of accounts with Companies House. But if your company is not in the 65% already using software to do that, keep reading!

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Financial Times M&A

JANUARY 2, 2024

Decision will force a rethink of Spanish group’s investment plans in US

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Appraisers Blog

JANUARY 2, 2024

USPOOP? That made me laugh. The rest of your statement rings true. I have considered on making the transistion to becoming a Realtor based on the first 4 sentences of your statement.

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Banking 59

Law 360 M&A

JANUARY 2, 2024

Investors in a special purpose acquisition company that took satellite-to-smartphone venture AST SpaceMobile public in April 2021 have sued organizers of the deal in Delaware's Court of Chancery, pointing to a stock plunge and alleging disclosure failures and unfair actions skewed to insiders.

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Appraisers Blog

JANUARY 2, 2024

In reply to Lamarr Banks. Remember, it was then ny attorney general Andrew Cuomo who filed the complaints against the fha fee panel leading to the creation of HVCC that resulted in the middle.men AMC getting our fees. it took him becoming Governor and many lies for the rest of the world to figure out what they were doing. Now they want more and do not want the unbiased appraiser in the way.

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Banking Appraisal 58

Law 360 M&A

JANUARY 2, 2024

Sumitomo Pharma America Inc. and Myovant Sciences Ltd. have escaped for good a proposed class action alleging the companies' merger was undervalued because the lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate the deal had undisclosed conflicts of interest.

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Appraisers Blog

JANUARY 2, 2024

In reply to Flash. Yup…… I did the same thing(gave up on lender work) back in 2003. No regrets. The transition took some time and my income decrease, somewhat. But, non-lender appraisal clients paid better and they have been more loyal than AMC/lenders.

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Appraisal 57

Auto Dealer Valuation Insights

JANUARY 2, 2024

For some family businesses, 2023 was a year to remember, while others hope it won’t be repeated. Regardless of how your family business fared last year, 2024 is here. What should you and your fellow directors be thinking about as the new year starts? Family business directors cannot control the economy, but they do have to navigate it.

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Marketability 52

Law 360 M&A

JANUARY 2, 2024

A New York federal court has granted the Federal Trade Commission's request to pause IQVIA's planned purchase of Propel Media for an in-house agency challenge over concerns about competition in the digital healthcare advertising industry.

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Trout CPA

JANUARY 2, 2024

Trout CPA proudly unveils a wave of strategic promotions, effective January 1, 2024, recognizing and celebrating the exceptional talents within our firm. Each of these professionals has showcased unwavering commitment, demonstrated exemplary skills, and played an integral role in advancing the values that define Trout CPA.

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Law 360 M&A

JANUARY 2, 2024

A Nigerian man who last year came close to buying an English soccer club inflated his food and agricultural technology business valuations, defrauding Wall Street investors out of millions of dollars, according to a Manhattan federal court indictment unsealed Tuesday.

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Business Valuation Technology 52

Rhythm Systems

JANUARY 2, 2024

Building an effective leadership dream team is crucial for middle-market executives who want to achieve their dreams and goals in the business world. A strong and high-performing leadership team can contribute significantly to the success of an organization. The members of this team should possess the necessary leadership skills, emotional intelligence, and a common goal to drive the entire organization forward.

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Marketability 52