Thu.Nov 28, 2024

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Sink or Swim? How governance provided a winning formula for 2021 IPOs

Harvard Corporate Governance

Posted by Zsombor Péli, Rachit Gupta, and Yuxuan Zhao, Diligent Market Intelligence, on Thursday, November 28, 2024 Editor's Note: Zsombor Péli is a Research Manager, Rachit Gupta is the Head of Global Data & Research, and Yuxuan Zhao is a Data Analyst at Diligent Market Intelligence. This post is based on their Diligent memorandum. Executive summary Market cap growth Our analysis of the 2021 IPO cohort revealed a strong positive correlation between longer CEO tenure and market cap growth, u

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Jason Jakway

Appraisers Blog

In reply to Chase Pursley. I don’t know what you keep going on and on about. Is ValueLink more like Encompass or more like an AMC? Very much more similar to a Encompass or any other ordering platform.

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Australia’s Macquarie offers to buy UK-listed waste management firm Renewi for £700m

The Guardian M&A

Firms reach preliminary agreement on financial terms of deal that values Renewi at 870p a share Business live – latest updates The asset manager Macquarie has launched a £700m offer to buy the waste management company Renewi in the latest takeover of a London-listed firm. The two companies have reached a preliminary agreement on the financial terms of a deal that values Renewi at 870p a share, a 57% premium to its closing price of 554p on Wednesday night.

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Chase Pursley

Appraisers Blog

In reply to Jason Jakway. Encompass is in the same class of vendor management software like ValueLink that banks and AMCs use to manage their order workflow and their appraisal “panel” The bank/AMC is the client of software and they should pay the full cost. AppraisalPort, Mercury Network and Reggora are order sourcing platforms that bypass AMCs and allow lenders to order appraisal directly from appraisers.

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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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BHP’s need for copper prompts speculation of fresh Anglo bid

Financial Times M&A

The six-month dealmaking standstill since rejection of the last takeover offer ends today

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Jason Jakway

Appraisers Blog

In reply to Chase Pursley. Only appraiser’s could get into an argument about whether ValueLink is an AMC or not. They are not an AMC, which is my point. O.K. I don’t know the ins and outs of ValueLink, but I can tell you, my one bank client went from the Encompass platform to ValueLink. More the same than not.

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Chase Pursley

Appraisers Blog

In reply to Joe. Is the Connect platform optional? If you’re not on it, can you still receive orders from the AMCs via the platform that the AMCs chose without extra junk fees?

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The market is not sentimental. Direct Line’s days of independence look numbered | Nils Pratley

The Guardian M&A

Aviva offer looks to be opening shot in a negotiation – and Direct Line knows there will be a price at which it has to roll over Prepare for the dance. Aviva is a big grown-up FTSE 100 insurer with a respected chief executive who doesn’t launch takeover offers on a whim; Amanda Blanc will have a strategy to go the distance. Direct Line, on the other hand, is a troubled FTSE 250 insurer with a new-ish chief executive, Adam Winslow, whose turnaround plan has not been applauded wildly by the stock

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Chase Pursley

Appraisers Blog

In reply to Jason Jakway. No, they are not. The are an order management platform for AMCs and banks. It’s not the same at all. It’s the platform they chose (and are the client of) and they should bare the costs, not force appraisers into pay-to-play. AppraisalPort, Mercury Network and Reggora are order sourcing platforms that cut out the AMC middleman and charge a “finders fee” or “lead fee” which is very common business practice (and I think, I pretty good mo

Banking 75
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Fortress increases bet on UK consumer with £351mn Loungers deal

Financial Times M&A

Abu Dhabi-backed group adds pub and restaurant chain to its portfolio in latest UK transaction

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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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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Jason Jakway

Appraisers Blog

In reply to Baggins. And BTW everyone, you’re not going to get an order from “ValueLink” unless you have a lender or an AMC that uses the platform.

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Shares in Direct Line surge after insurer rejects £3.3bn bid from Aviva

The Guardian M&A

Insurer says 250p per share offer was ‘highly opportunistic’ and undervalues the company Direct Line shares surged more than 40% on Thursday after the insurer rebuffed a £3.3bn offer from Aviva, prompting speculation that the company could attract a higher offer. Aviva’s approach, which was revealed on Wednesday night, is the third rejected by Direct Line this year, with the company having snubbed two previous bids by the Belgium insurer Ageas that culminated in a £3.2bn offer in March.

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Chase Pursley

Appraisers Blog

In reply to Chuck. It’s not a standard biz practice to pass fees as line items like this. In fact, doing so just encourages their rotten behavior.

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Qatar wealth fund to take stake in Audi Formula One team

Financial Times M&A

QIA to hold 30% of racing venture that has taken over Sauber as Gulf interest in sport grows

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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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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Chase Pursley

Appraisers Blog

In reply to Spencer Paul. It’s a scam. Other industries don’t get away with this type of behavior because they stand up for themselves.

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George Osborne among 4 Robey Warshaw partners to split £70mn

Financial Times M&A

Highest paid partner, assumed to be co-founder Simon Robey, received £40.

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Comment on Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” by Retired Appraiser

Appraisers Blog

The appraisal community has responded with outrage, as many appraisers have vowed to refuse paying the new Connect by ValueLink monthly fee

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Jones Day-Led Loungers Backs £351M Fortress Takeover Bid

Law 360 M&A

British hospitality chain Loungers said Thursday that it has agreed to accept a takeover offer of approximately £350.5 million ($444.5 million) from U.S. investment firm Fortress Investment Group LLC, which will remove the company from the London Stock Exchange.

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Kapital Bank’s Commitment to Sustainable Banking Showcased at COP29

Global Finance

During COP29 Kapital Bank, the country’s largest financial institution, actively contributed to COP29 through various initiatives and panels, including Corporate Sustainability , Sustainability Through Digitalization , and Green Finance and Sustainable Development. CEO of Kapital Bank, Farid Huseynov participated in various panel discussions on sustainable development and environmental protection, emphasizing the bank’s innovative financial solutions tailored to support the transition to a green

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Valuing a Restaurant Franchise

Peak Business Valuation

Restaurant franchises face tough competition, with nearly 80 percent failing within five years. Despite this, investing in a restaurant franchise has many benefits. These include an established reputation, marketing support, and proven business strategy. But there are many challenges as well. In particular, costs and responsibilities, including royalty fees and franchise agreements.

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Aviva goes direct to Direct Line shareholders

Financial Times M&A

Contact could pave way for hostile takeover bid for smaller rival

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Prospera Energy Announces Financing and Acquisition Update

Benzinga

CALGARY, Alberta, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) (" Prospera ", " PEI " or the " Corporation ") Private Placement Prospera Energy Inc. announces it is expecting to close the first tranche of its non-brokered unit offering, for total proceeds of $500,000. Each unit, priced at $1,000 per unit, consists of: (i) a one-year secured promissory note with a principal amount of $1,000, carrying a 12% annual interest rate, and (ii) 5,000 comm

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Direct Line playing hardball with Aviva bid

Financial Times M&A

The UK insurer is probably betting that, given the juicy savings on offer, it can squeeze Aviva for more

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Natural Ferulic Acid Market to Witness 5.6% CAGR by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Natural Ferulic Acid Market size will attain the value of USD 65.92 Million by 2031, with a CAGR of 5.6% during the forecast period (2024-2031). One of the major factors driving this market is the increasing consumer demand for natural products of plant origin, coupled with the widespread trend towards healthier and cleaner labels.

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Telegraph newspaper deal extended until end of year

Financial Times M&A

Preferred bidder Dovid Efune given at least two more weeks to raise funds for title

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Cosmetic Preservatives Market Size to Reach USD 689.19 Million by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global cosmetic Preservatives market share will reach a value of USD 689.19 Million by 2031, with a CAGR of 6% during the forecast period (2024-2031). The main factor driving the cosmetic Preservatives market growth is increasing consumer awareness of safety and personal hygiene.

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Can Slaughter and May fend off the Americans?

Financial Times M&A

Plus, Hong Kong draws up potential crypto tax breaks for the super-rich and Goldman Sachs switches teams in UK takeover bid

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Genetic Toxicology Testing Market is Slated to Evolve at a Stellar 12.7% CAGR through 2031 | SkyQuest Technology

Benzinga

Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the genetic toxicology testing market size will attain a value of USD 3.84 billion by 2031, with a CAGR of 12.7% over the forecast period (2024-2031). Growing use of personalized medicine and increasing emphasis on genetic health improvement are estimated to bolster genetic toxicology testing market growth in the future.

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Canada Accuses Google of Creating Advertising Tech Monopoly

NYT M&A

The case largely echoes an antitrust action in the United States and seeks to force Google to sell off sections of its online ad business.

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Oilfield Equipment Market to Surpass Valuation of USD 169.26 Billion by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global oilfield equipment market size will reach a value of USD 169.26 Billion by 2031, with a CAGR of 3.9% during the forecast period (2024-2031). This growth can be attributed to several factors, including expanding exploration and production investment, technological advancements in oilfield equipment, geopolitical circumstances, regulatory frameworks and environmental concerns, and rising energy demand.

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Extendicare Announces Agreement to Acquire Nine Long-Term Care Homes from Revera

Benzinga

MARKHAM, Ontario, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. ("Extendicare" or the "Company") (TSX: EXE ) announced today that it has entered into an agreement with Revera Inc. ("Revera") and certain of its affiliates to acquire nine Class C long-term care ("LTC") homes (the "Acquired Homes") located in Ontario and Manitoba and one parcel of vacant land located in Ontario (the "Transaction").

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Sodium Benzoate Market is Slated to Evolve at a Modest 6.1% CAGR through 2031 | SkyQuest Technology

Benzinga

Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the sodium benzoate market size will attain a value of USD 434.5 million by 2031, with a CAGR of 6.1% over the forecast period (2024-2031). Growing demand for better food preservation and rising sales of cosmetics and personal care products are expected to bolster sodium benzoate market growth over the coming years.

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Pharma-Grade Cannabis Could Hit Walgreens & CVS—But Can The Industry Survive The FDA?

Benzinga

As the formal review process for rescheduling cannabis unfolds, industry players are closely watching its potential to transform the sector. With the DEA hearing delayed until early 2025 and a possible Trump presidency adding uncertainty, cannabis businesses are preparing for what rescheduling to Schedule III could mean. From FDA oversight to interstate commerce and pharmaceutical-grade standards, these changes could fundamentally reshape the landscape—and investors and businesses need to be rea