Thu.Jan 04, 2024

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Activism Vulnerability Report

Harvard Corporate Governance

Posted by Jason Frankl and Brian G. Kushner, FTI Consulting, on Thursday, January 4, 2024 Editor's Note: Jason Frankl and Brian G. Kushner are Senior Managing Directors at FTI Consulting. This post is based on their FTI Consulting memorandum. 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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What The Law Firm Of The Future Will Look Like

Law 360 M&A

As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.

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The Impact of the Duty to Maximize Short-Term Value in Mergers and Acquisitions: An Analysis of Revlon

Harvard Corporate Governance

Posted by Fernán Restrepo (UCLA), on Thursday, January 4, 2024 Editor's Note: Fernán Restrepo is an Assistant Professor of Law at the UCLA School of Law. This post is based on his recent paper. Related research from the Program on Corporate Governance includes Allocating Risk Through Contract: Evidence from M&A and Policy Implications (discussed on the Forum here ) by John C.

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Comment on The New Appraisal Profession – Why bother! by Baggins

Appraisers Blog

In reply to Eric Morse. That’s helpful. Thanks. There is a saying; There is no greater objection than absence. Which begs the question; If you feel that way, what are you doing here? We’re all in this together. Love it or leave it and the reason so many of us still participate despite the obstacles, is we truly believe in consumer protection and love of this industry.

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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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A force for good: Japan’s private equity opportunity

Mckinsey and Company

Japanese private equity is a growing presence in the financial landscape, and private equity firms can help Japanese companies fulfil their potential.

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Comment on The New Appraisal Profession – Why bother! by Baggins

Appraisers Blog

In reply to Douglas Kues. There is no such thing as a summary report. There is self contained to a reasonable degree to withstand review scrutiny, and there is something less than that. And not all shortcomings are the same, hence the Penalty Review Matrix. Oh we did rally, and there was accountability. Remember the suspensions and revocations threads?

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Comment on The New Appraisal Profession – Why bother! by jaydee

Appraisers Blog

In reply to Bruce W Lennick. I’m part of that mill. I don’t know how many “deals I broke” My signature is sacred on any document. I’ve been overhauled by the state board a number of times. No violations, no administrative anythings. But with all the stuff rolling down hill and the major reason: a tumor in my head. I retired.

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Jeff Zucker’s Latest Bet: Prestige TV

NYT M&A

The former CNN president will return to Hollywood by investing in the studio behind streaming hits like “The Morning Show” on Apple TV+.

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Comment on The New Appraisal Profession – Why bother! by Older and maybe Wiser

Appraisers Blog

636 days. or 1 year, 8 months, 27 days. or 20 months, 27 days………… until I can stop payng for E & O. Stop paying for license renewal. Stop paying for MLS membership. Stop paying for appraisal software. Stop paying for continuing education. It was a decent 20 year run. I saved in the busy years and invested. Sad thing now is watching what it has become.

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Tax planning strategies to start the new year with

ThomsonReuters

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead. With so much change inside and outside the profession, now is the perfect time to reflect on your goals, how they’ve changed, and what you can do to incorporate new learnings to make this your

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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 Appraiser Countersuing Black Homeowners for Defamation by steve

Appraisers Blog

just a thought…does anyone else think that maybe the gov. wants property values increased in POC neighborhoods just for the increase in taxes they would collect ?

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Managing stress for tax professionals

ThomsonReuters

Jump to: 1. Make a personal stress inventory 2. Automate what you can 3. Delegate or outsource where you can 4. Schedule downtime – and don’t skip it 5. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey

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Comment on Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to PJTMC. Yeah but why would an appraiser use the word ‘desirable’ in the first place? There is amenity, and lack of amenity. There is reduced effective age, and depreciated condition. There is positive market acceptance, or something less than that. There is competition among interested market participators, vs lack of competition factors.

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Biotech boss tells Europe to invest if it wants a homegrown sector

Financial Times M&A

Argenx is one of the bloc’s largest biotech companies but its shareholder base is dominated by US specialist investors

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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 Another ‘Bad’ Word to Avoid! by Seneca

Appraisers Blog

In reply to PD. I got called out for the same phrase. Which I thought was what they wanted us to use. See link to word chart. [link] Now I’ve been told to say “places of gathering.

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Tips for QuickBooks Users: 5 Mistakes to Avoid During Bank Reconciliation

Machen McChesney

Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank reconciliation is to confirm that the transactions recorded in your bank statement match those shown in your accounting records.

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Comment on The New Appraisal Profession – Why bother! by IMJSAYN

Appraisers Blog

Any appraiser not hitting the desired value, can now be turned to HUD itself, or a state appraisal board for racial bias. So, why bother!

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Davis Polk Discusses the FSOC Annual Report

Reynolds Holding

The Financial Stability Oversight Council released its 2023 Annual Report, highlighting its 2023 activities, significant financial market and regulatory developments and potential emerging threats to U.S. financial stability. The 2023 Annual Report newly identifies artificial intelligence and insurance as vulnerabilities and reframes its discussion of the banking sector to highlight evolving risks facing the largest GSIB and non-GSIB banks and all other regional banks, among other changes.

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Comment on The New Appraisal Profession – Why bother! by Koma

Appraisers Blog

Any appraiser not hitting the desired value, can now be turned to HUD itself, or a state appraisal board for racial bias. So, why bother!

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LOIs and Managing Retrade Risks When Selling Your Business

Redpath

Selling a business or planning an exit is a complex process that many people will only ever do once in their lifetime. Starting early is important. Even if someone is a veteran at the M&A process, each transaction is unique and presents its own potential risks for a retrade scenario.

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Comment on The New Appraisal Profession – Why bother! by Bruce W Lennick

Appraisers Blog

Retired, so glad to be out of this mess that has been conjured up by several entities related to the real estate transactions. This has been going on for sometime and it is not just the fault of the “outsiders” Appraisers are at fault as well and it started in the late 80’s and early 90’s when some appraisers created the “puppy mill affect”, those that have been appraising for the last 30 to 40 years know what I am talking about.

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EXCLUSIVE: La Rosa Expands With Jacksonville Franchise Acquisition, Reiterates $100M Revenue Run Rate Goal

Benzinga

On Thursday, La Rosa Holdings Corp (NASDAQ: LRHC ) announced that it has acquired a 100% interest in the company's franchisee - La Rosa Realty North Florida LLC ("Realty North Florida"), located in Jacksonville, Florida. What Happened? Realty North Florida generated revenue of $4.3 million and positive cash flow from operations, excluding executive management costs in 2022.

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Comment on The New Appraisal Profession – Why bother! by Todd Redington, SRA AI-RRS AGA

Appraisers Blog

Sadly, there is far more appraisal bias in those appraisals that “meet” the number than those that don’t. Appraisers regularly intentionally “meet” the number so that they don’t get “wrongly accused” of being biased yet commit the crime of being biased in doing so.

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Energy Company APA Announces Acquisition of Callon Petroleum

Benzinga

APA (NASDAQ: APA ) has announced an acquisition of Callon Petroleum (NYSE: CPE ) that is expected to be completed in Q2 of 2024. Under the terms of the agreement, APA has agreed to give Callon Petroleum $4.50 billion in stock in exchange for CPE stock. About The Companies Involved Based in Houston, APA is an independent exploration and production company.

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Comment on The New Appraisal Profession – Why bother! by Mary Cummins

Appraisers Blog

Very true. The appraiser is now the bogey man, scapegoat, whipping boy of the lending industry. We used to be the lone independent voice of facts and reason in the lending process that assured a legitimate value free of influence. Even the government has forgotten about our true role which is to provide market value of property to guarantee loans, government backed loans and bundled mortgage backed investments.

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Engineered Components Provider Crane Elevates Aerospace Presence With $103M Vian Enterprises Acquisition

Benzinga

Crane Company (NYSE: CR ) disclosed the buyout of Vian Enterprises, Inc. for around $103 million on a cash-free and debt-free basis. Vian designs and manufactures multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms.

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Comment on The New Appraisal Profession – Why bother! by Douglas Kues

Appraisers Blog

In reply to Bruce W Lennick. If I could agree with you more, I would, but cannot. Right on target with this post, and now that you are retired wouldn’t it be sweet to find a few of us that share the sentiment and provide a fairly reasonable solution that would put things back into some sort of equally reasonable perspective. We still remain about the only industry that I am aware of where the customer writes the rules.

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White & Case Hires Private Equity Co-Leader From Paul Weiss

Law 360 M&A

White & Case LLP announced Thursday that it has hired a former Paul Weiss Rifkind Wharton & Garrison LLP partner to serve as co-head of its global private equity industry group.

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Comment on The New Appraisal Profession – Why bother! by Eric Morse

Appraisers Blog

Tired of this publication… Any change this appraisersblog and the appraisers who stew on it maybe write something positive about the industry for once? Look at ALL the advertising on this webpage. What propaganda. So sick of this “The SKY is falling!” mentality. I have been hearing this for 37 years. Here’s a thought…, QUIT B H’N.

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LOIs and Managing Retrade Risks When Selling Your Business

Redpath

Selling a business or planning an exit is a complex process that many people will only ever do once in their lifetime. Starting early is important. Even if someone is a veteran at the M&A process, each transaction is unique and presents its own potential risks for a retrade scenario.

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Comment on The New Appraisal Profession – Why bother! by IMJSAYN

Appraisers Blog

In reply to Eric Morse. Says the guy b h’n, kicking and screaming. You’re not happy about the articles on this site? Solution is easy: UNSUBSCRIBE! You don’t like the comments of others? TOO BAD! Just scroll by or don’t read them … problem solved!

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Arbitrator Flubbed Blank Rome Case, Ex-Dickstein Partners Say

Law 360 M&A

Counsel for former Dickstein Shapiro LLP partners who claim Blank Rome LLP owes them $4 million because the firms' merger was mischaracterized as an asset sale urged a California appellate panel on Thursday to vacate a ruling affirming an arbitrator's decision in favor of Blank Rome, saying the arbitrator followed the wrong procedures.

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Comment on Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to Seneca. Oh, the ‘Oklahoma press association.’ lol. Let’s give them a quick look with some keyword searches to see if they have a balanced take on current events… [link] [link] [link] Oh yes, totally fair and balanced reporting. Certainly a source of information you can trust. Just because someone put together a list and published that list, does not make that list or the content, in any way definitive or enforceable.

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Ariz. AG Almost Certain To Challenge Kroger-Albertsons Deal

Law 360 M&A

Arizona's attorney general has offered little doubt that her office will challenge Kroger Co.'s $24.6 billion planned purchase of Albertsons Cos., indicating the state enforcer is simply waiting to see if the Federal Trade Commission will contest the transaction in a lawsuit she can join.

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