Fri.Sep 13, 2024

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Lying in Corporate Elections

Harvard Corporate Governance

Posted by Kai H. E. Liekefett and Derek Zaba, Sidley Austin LLP, on Friday, September 13, 2024 Editor's Note: Kai H. E. Liekefett and Derek Zaba are Partners at Sidley Austin LLP. We live in polarising times. The current political and cultural environment is arguably the most heated and controversial in decades. One of the most prominent victims of our era: the truth.

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Billion-Dollar Marijuana Giant Buys Another Brewery From Molson Coors, Expands Great Lakes Footprint

Benzinga

Tilray Brands, Inc. (NASDAQ: TLRY ) confirmed Thursday it has completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company (NYSE: TAP ). “Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan," said Irwin D. Simon, chairman and chief executive officer of Tilray Brands.

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Revitalizing organizational health in the care delivery sector

Mckinsey and Company

The care delivery sector continues to navigate challenges following the height of the COVID-19 pandemic. Meaningfully improving organizational health will be crucial to optimizing performance.

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Finnish Sports Agency Seeks Over $1M For Broken NHL Deal

Law 360 M&A

A Finland-based sports management agency claims a Massachusetts man has engaged in an ongoing fraudulent scheme to avoid paying more than $1 million in arbitration awards he owes under a deal to represent Finnish players in the NHL.

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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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Sony Eyes $500M Deal for Pink Floyd's Iconic Music Catalog: Report

Benzinga

Sony Group Corp (NYSE: SONY ) is in advanced negotiations to acquire the music rights Pink Floyd recorded in a deal worth $500 million. It held 1.89 trillion Japanese Yen in cash and equivalents as of June-end. The catalog features iconic hits like “Money,” “Wish You Were Here,” and “Another Brick in the Wall.” The negotiation process got delayed due to personal differences between band members, including Roger Waters and David Gilmour, Financial Times cites.

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Arthur Cox-Led Betting Biz Buys $350M Stake In Brazil Rival

Law 360 M&A

Sports betting giant Flutter Entertainment PLC said on Friday that it has bought a 56% stake in NSX Group, operator of Brazil's Betnacional gambling brand, for approximately $350 million as it looks to expand internationally.

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More Trending

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Trio Of BigLaw Mergers Expected To Drive More Deal Talks

Law 360 M&A

After months of a relatively steady pace of law firm mergers and acquisitions, the trio of proposed BigLaw tie-ups announced in recent days will likely spur more firms towards entertaining similar deal talks, experts say.

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Vodafone-Three merger: tens of millions could face higher bills, says UK watchdog

The Guardian M&A

CMA fears customers least able to afford mobile services would be most affected by deal A proposed merger between the telecoms companies Vodafone and Three in the UK could lead to higher mobile bills for tens of millions mobile customers, the UK competition watchdog has warned. Announcing the provisional findings of its investigation into the deal, the Competition and Markets Authority (CMA) said it was particularly concerned that those customers least able to afford mobile services would be mos

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Murdoch vs Murdoch: the legal battle dividing media’s first family

Financial Times M&A

The tycoon’s attempt to wrest control of his empire away from three of his children is set to be resolved in a Nevada court

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Higher Prices on the Way for Uranium?

Benzinga

Source: Streetwise Reports 09/10/2024 One of the most important elements for the energy transition is uranium. Find out why the head of a company with an extensive project portfolio searching for the commodity in Canada's Athabasca Basin thinks we are still in the early days of an sustained bull market. One of the most important elements for the energy transition is the fuel for nuclear power — uranium.

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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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Truck as a service: The next step en route to zero-emission fleets

Mckinsey and Company

Commercial vehicle decarbonization requires changes to the ways fleet trucks are financed and serviced. The truck-as-a-service model is the next logical step toward zero-emission trucking.

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Lifeist Sells CannMart To Simply Solventless To Focus On Its 'Core Mission Of Transforming Human Wellness'

Benzinga

Lifeist Wellness Inc. (OTC: LFSWF ) announced Thursday it completed the previously announced sale of CannMart 's shares to Simply Solventless Concentrates Ltd. CannMart is a business-to-business wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards. “We are pleased to announce the successful completion of the sale of CannMart to Simply Solventless Concentrates, a company whose track record of profitability and operati

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DSV buys Deutsche Bahn logistics business in €14.3bn deal

Financial Times M&A

Danish group will become the world’s largest logistics management company with its acquisition of Schenker

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Demand for efficient airplanes persists: An interview with Darren Hulst

Mckinsey and Company

McKinsey speaks to Darren Hulst, vice president of Boeing’s Commercial Marketing division, to discuss the latest industry trends and the outlook of aerospace 20 years into the future.

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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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Miami Dolphins Deal Talks Gain Momentum

NYT M&A

Owner Stephen Ross is talking to private equity firms after the N.F.L. changed the rules on what types of investors can buy into the league.

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Abu Dhabi’s Mubadala takes stake in Revolut

Financial Times M&A

Sovereign fund invests through share sale that nets London-based fintech founder Nik Storonsky at least $200mn

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The bumpy road to zero-emission trucks

Mckinsey and Company

The shift to zero-emission trucks brings opportunities and challenges for the industry in core areas such as powertrain, service, and vehicle digitization. Making it happen will require greater cooperation.

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2024 Presidential Election: What's at Stake for the Asset Management Industry

Machen McChesney

The 2024 election is likely to profoundly impact tax policy and legislation. Once the dust settles on the results, the incoming president and Congress will have a tall task in 2025, as the expiration of several 2017 Tax Cuts and Jobs Act (TCJA) provisions will loom large, and many other tax policy proposals will be on the table. All of the moving parts have inspired pundits to refer to 2025 as a year we will see the “Super Bowl of Tax”.

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MasTec Stock Rallies 31% in the Past 6 Months: Is MTZ a Buy Right Now?

Benzinga

MasTec, Inc. 's (NYSE: MTZ ) stock has gained nearly 31% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry's 24.5% growth, the broader Construction sector's 7.2% increase and the S&P 500 index's 8.6% rise. This infrastructure construction company is banking on increasing demand for power, data capacity and network speed.

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PE Giant KKR's Plan To Buy Entertainment Biz Gets EU Nod

Law 360 M&A

Europe's antitrust authority said Friday that it has cleared plans by private equity giant KKR & Co. to buy entertainment business Superstruct from Providence Equity Partners LLC.

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Analyzing MetLife Stock: Is Buy Strategy the Right Move?

Benzinga

MetLife, Inc. (NYSE: MET ) benefits on the back of a well-performing Group Benefits business, acquisitions and partnerships, cost-cutting efforts and strong cash balance. Zacks Rank & Price Performance MetLife carries a Zacks Rank #2 (Buy) at present. The stock has gained 10% in the past three months compared with the industry's growth of 5.3%.

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PARAMETERS UPDATE P5.9

Equidam

On September 12, 2023, you’ll be upgraded to the latest version of Equidam with updated valuation parameters. This may result, on average, in a slight valuation increase. What’s changing 1 | Average valuations used in the Scorecard Method and maximum valuations used in the Checklist Method We base our estimates on real transactions by country since March 10th, 2022.

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New Lessons On Managing Earnout Provision Risks

Law 360 M&A

Earnout provisions can be a useful tool for bridging valuation gaps in M&A, particularly in developmental-stage pharmaceutical transactions, but the Delaware Chancery Court’s recent decision in Shareholder Representative Services v. Alexion sheds new light on the inherent risks and best practices for managing them, say attorneys at Cleary.

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Mercer Capital Sponsoring & Attending the 2024 Annual Meeting of the Association of Trust Organizations

Auto Dealer Valuation Insights

Mercer Capital is again proud to sponsor the Association of Trust Organizations’ 2024 Annual Meeting. Matthew R. Crow, CFA, ASA, Brooks K. Hamner, CFA, ASA, and Zachary W. Milam, CFA are attending the meeting in Frisco, Texas on September 22 – 24, 2024. Matt is CEO of Mercer Capital and leads the firm’s investment management industry team.

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Vista Hails Sweetened CSG Bid, But Leaves MNC Door Open

Law 360 M&A

Vista Outdoor Inc. on Friday voiced support for an increased offer from Czech defense company Czechoslovak Group AS to buy a slice of the ammunition and outdoor company, while also urging MNC Capital Partners LP to make its "best and final" bid in a competing campaign.

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Does This Presidential Election Matter to the RIA Industry?

Auto Dealer Valuation Insights

For some reason, we get this question every four years or so, and it’s come up quite a bit in recent weeks. As a matter of practicality, it’s not something we give a lot of thought to in our professional lives because the outcome of this election is uncertain, and its impact on the investment management sector and RIA dealmaking is even less predictable.

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Investors Greenlight Carbon Credit Co.'s $213M SPAC Merger

Law 360 M&A

The special purpose acquisition company merger taking Canadian carbon-credit manager DevvStream public at an estimated valuation of $212.8 million has received approval from investors of both sides, the companies announced Friday.

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How to Know If a Business You Buy Will Be Successful

Hallmark Brokers

Buying a business can be a rewarding venture, but it’s essential to do your due diligence to ensure a successful investment. One of the most crucial factors to consider is the potential for future success. Here are some early signs that a business you’re considering buying could be a thriving venture: Strong Foundation and Growth. Read more The post How to Know If a Business You Buy Will Be Successful appeared first on Hallmark Brokers.

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Dentons Taps Norton Rose For 3 Disputes Pros In Hong Kong

Law 360 M&A

Dentons has recruited a team of three disputes lawyers from Norton Rose Fulbright in Hong Kong to boost its capabilities representing clients in international construction cases and other high-stakes matters.

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Flutter Entertainment Bets Big In Brazil With $350M NSX Stake: Details

Benzinga

Flutter Entertainment plc (NYSE: FLUT ) shares are trading at a lower premarket on Friday. The company disclosed the acquisition of an initial 56% stake in NSX Group for around $350 million. NSX is a Brazilian operator with a portfolio of brands, including the flagship Betnacional sports betting and iGaming brand. The transaction aligns with Flutter’s strategy to invest in leading positions in international markets, positioning it as a significant player in the rapidly growing Brazilian ma

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Steptoe Hires Antitrust Lawyer From Arthur Cox

Law 360 M&A

Steptoe LLP has hired partner Ronan Scanlan to its London office, where he will expand its antitrust practice to help clients anticipate and mitigate legal and regulatory risks through cross-jurisdictional work.

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How to Value a Food Distributor

Peak Business Valuation

Food distributors play a huge role in the success of food service businesses like grocery stores and restaurants. As such, operating a food distribution business can be very rewarding. If you want to buy , expand , or sell a food distributor , it is important to obtain a food distribution valuation. This will equip you with key insights to succeed in this industry and help you understand how to value a food distributor.

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SBA Proposal Materially Alters Contractor Recertification

Law 360 M&A

The Small Business Administration's new proposed rule on recertification affects eligibility for set-aside contracts, significantly alters the landscape for mergers and acquisitions in the government contracts industry, and could have other unintended downstream consequences, says Sam Finnerty at PilieroMazza.

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BC's Rental Protection Fund Announces Acquisition of 147 more affordable rental units across the Lower Mainland

Benzinga

VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Today, the Rental Protection Fund (the Fund) announces three acquisitions in communities throughout the Lower Mainland. In Vancouver, a four-storey, 24-unit rental building will be protected in the Marpole neighbourhood. In Burnaby, the affordability of 79 more homes will be secured through non-profit ownership, and in Maple Ridge 44 townhomes, that will all remain affordable to families.

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