Harvard Corporate Governance

JULY 23, 2024

Posted by Tara Tays, Phil Johnson (Pay Governance), and Ashley Gamarra (SustainaBase), on Tuesday, July 23, 2024 Editor's Note: Tara Tays is a Partner, Phil Johnson is a Senior Consultant at Pay Governance, and Ashley Gamarra is Head of Marketing at SustainaBase. This post is based on their Pay Governance memorandum. Introduction In recent years, global companies have grappled with defining a baseline for environmental metrics, establishing the processes and controls to measure and report progre

Marketability 146

Marketability 146

Global Finance

JULY 23, 2024

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.

Price to Book 111

Price to Book Banking Dividends Equity 111

Harvard Corporate Governance

JULY 23, 2024

Posted by Bram van der Kroft (MIT), on Tuesday, July 23, 2024 Editor's Note: Bram van der Kroft is a Postdoc Fellow at MIT. This post is based on a working paper by Mr. van der Kroft, Professor Juan Palacios , Professor Roberto Rigobon and Professor Siqi Zheng. Filling and voting on shareholder proposals has been a critical corporate governance mechanism, enabling investors to mitigate classical principal-agent problems.

Finance 112

Finance 112

Mckinsey and Company

JULY 23, 2024

Operations technologies are here. Productivity gains are not. Why? It’s increasingly clear that to transform industrial production, industrial organizations must also be transformed.

Technology 105

Technology 105

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

N Contracts

JULY 23, 2024

Measuring business continuity risk is crucial for protecting your financial institution from operational, financial, and reputational damage. When you understand your level of business continuity risk, you can determine if you're comfortable with that risk or need to enhance your preparedness. This applies whether you're quantifying risk for the first time or monitoring changes in your risk exposure.

101

101

Law 360 M&A

JULY 23, 2024

Specialty equipment maker IDEX Corp. will buy industrial filter manufacturer Mott Corp. and its subsidiaries in a $1 billion all-cash deal led by Sidley Austin LLP and Cooley LLP, the companies announced Tuesday.

98

98

Law 360 M&A

JULY 23, 2024

The administrative law judge overseeing the Federal Trade Commission's in-house challenge to Kroger and Albertsons' $25 billion merger has given the agency and the grocery behemoths two extra days on a couple of filing deadlines after the FTC said the worldwide Microsoft outage left several counsel laptops unusable.

98

98

Benzinga

JULY 23, 2024

United Parcel Service Inc (NYSE: UPS ) shares are trading lower after it reported second-quarter 2024 results. Revenue declined 1.1% year-over-year to $21.82 billion, missing the consensus of $22.183 billion. Adjusted EPS was $1.79, down 29.5% YoY, missing the consensus of $1.99. Consolidated operating profit fell 30.1% YoY to $1.9 billion; consolidated operating margin stood at 8.9%, while adjusted consolidated operating margin was 9.5%.

Equity 98

Equity 98

Law 360 M&A

JULY 23, 2024

The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.

98

98

Appraisers Blog

JULY 23, 2024

Pat, you can go back and check old AB Blogs articles about MISMO I wrote years ago. Circa 2019. Link below should have the actual MISMO statements embedded in the pdf within the article. This should not come as a surprise to anyone.

93

93

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

Law 360 M&A

JULY 23, 2024

A Delaware bankruptcy judge on Tuesday denied a temporary restraining order requested by fast-casual seafood chain Rubio's Coastal Grill against Meta Platforms Inc., which alleged Meta violated an automatic stay in the Chapter 11 case by not running Rubio's ads after the company didn't pay fees incurred prepetition.

98

98

Appraisers Blog

JULY 23, 2024

In reply to Baggins. Thank you Mr Baggins for these mail contacts. I for one just renewed my appraiser license last week at 70 years old and as usual I am busy as all get out. My focus in real estate appraisal has been estate work and legal work with lawyers since 2020 to the present. The Covid Times were great as all I did was The Rush and turned down 40 calls a day for low priced AMC work.

Appraisal 90

Appraisal Marketability 90

ThomsonReuters

JULY 23, 2024

A major global IT outage occurred on July 19, 2024, affecting numerous industries worldwide. The incident was attributed to a software update from cybersecurity firm CrowdStrike , which resulted in widespread system issues. Outage range and time to recover The outage had far-reaching consequences, affecting airlines, banks, healthcare providers, and other critical services.

Banking 96

Banking Compliance Technology 96

NYT M&A

JULY 23, 2024

Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine, while growth in YouTube ad sales fell short.

Mergers & Acquisitions 95

Mergers & Acquisitions 95

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

Benzinga

JULY 23, 2024

Chain Bridge I (NASDAQ: CBRG ) announced on Monday the acquisition of Phytanix Bio , a pharmaceutical company specializing in the development of therapeutics based on cannabinoid and cannabinoid-like molecules. The transaction, valued at $58 million , also includes the assumption of preferred stock and short-term debt, which will convert to preferred stock upon the deal’s closure, slated for the fourth quarter of 2024.

78

78

Machen McChesney

JULY 23, 2024

Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that but you might have to deal with unwanted attention on both you and your payroll department.

Compliance 79

Compliance 79

Financial Times M&A

JULY 23, 2024

FTSE 100 consumer group’s Mead Johnson unit hit by US litigation over baby formula death

119

119

Mckinsey and Company

JULY 23, 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.

73

73

Benzinga

JULY 23, 2024

The Goldman Sachs Group, Inc. (NYSE: GS ) shares are trading marginally lower today. The company’s alternative investments platform reportedly acquired seven logistics properties in Australia to expand its real estate portfolio for an undisclosed amount. Goldman Sachs Alternatives acquired “last-mile” properties in Adelaide, Brisbane, Perth, and Melbourne, leased to e-commerce, transport, and wholesale distributors, Reuters reported.

Equity 65

Equity 65

JPAbusiness

JULY 23, 2024

A critical rule of selling a business is that prospective purchasers will place a lot of value on professional, credible, robust information on your business sale opportunity. Selling your business is about trying to get someone to share the same, or better, perspective on your business that you have. Get this information provision right and interested parties can successfully understand and evaluate what you know and value about the business, and then put a fair price on it relative to this typ

59

59

Benzinga

JULY 23, 2024

Warner Bros. Discovery Inc ‘s (NASDAQ: WBD ) Warner Bros. Games has announced the acquisition of Player First Games, the studio behind the hit brawler MultiVersus. As reported by IGN, co-founders Tony Huynh and Chris White will continue to lead Player First Games. See Also: Warner Bros. Subsidiary Postpones Suicide Squad: Kill The Justice League Season 2 At Last Minute Huynh stated: “Our team is excited to join the Warner Bros.

59

59

Benchmark Report

JULY 23, 2024

Benchmark International has successfully facilitated a transaction between Roswell, GA-based Scapes Group, LLC (“Scapes Group”) and Memphis, TN-based Charter Vista Landscaping, LLC (“Charter Vista”).

59

59

Benzinga

JULY 23, 2024

Embecta Corp (NASDAQ: EMBC ), a manufacturer of disposable insulin pen needles and syringes, is considering a potential sale following a significant drop in its share price since being spun off from health tech giant Becton, Dickinson and Company (NYSE: BDX ). The medical technology company, which supplies approximately 8 billion syringes and needle pens annually across more than 100 countries, has engaged advisers from Centerview Partners to explore a sale.

Firm Value 59

Firm Value Technology 59

Financial Times M&A

JULY 23, 2024

Italian energy group aims to use €3bn share sale to fund diversification from oil and gas to renewable energy

91

91

IT Valuations

JULY 23, 2024

Discover the complexities of business tax structures in our comprehensive webinar on S-Corps, C-Corps, and LLCs. Designed for business owners and financial professionals, this session explores the tax benefits and implications of each entity type. Expert speakers will present practical examples, recent tax law updates, and strategies for optimizing tax efficiency.

52

52

Financial Times M&A

JULY 23, 2024

Critics of Doosan group restructuring argue the country needs a fiduciary duty standard for shareholders

84

84

Law 360 M&A

JULY 23, 2024

Negotiations between Kroger Co. and Colorado enforcers to avoid a hearing in the state's challenge to a $24 billion merger with Albertsons appeared to be in shambles, prompting the grocers Tuesday to pitch a state judge on other options to avoid the fast-approaching proceeding.

52

52

ThomsonReuters

JULY 23, 2024

Jump to: Strategic preparation: The key to AI integration Understanding business needs and cultivating partnerships that prepare for AI Key considerations for implementing AI in tax and finance business processes Next steps for businesses to prepare for AI For more than a decade, artificial intelligence (AI) has been weaving its way into tax and finance business processes, yet its expansion has accelerated dramatically in recent years.

Finance 52

Finance Technology Treasury Start-ups 52

Law 360 M&A

JULY 23, 2024

Saying it was not reasonably conceivable that he would find software giant SAP and Qualtrics International Inc. directors liable for damages after Qualtrics' $12.5 billion sale to Silver Lake Capital despite a superficially better offer, a Delaware vice chancellor on Tuesday dismissed a stockholder challenge to the deal.

52

52

Benzinga

JULY 23, 2024

Grab Holdings Limited (NASDAQ: GRAB ) goes Uber Technologies, Inc (NYSE: UBER ) way with the latest move. The ride-hailing company is expanding its services beyond ride-hailing and food delivery by entering Southeast Asia’s competitive restaurant booking industry. For comparison, Uber reported delivery revenue of $3.21 billion, which is up 4% in the first quarter.

Technology 52

Technology 52

Law 360 M&A

JULY 23, 2024

The top antitrust officials from the U.S. Justice Department, the Federal Trade Commission, the European Commission and the U.K.'s Competition and Markets Authority presented a unified international commitment Tuesday to closely monitor artificial intelligence technology and the companies that they warned could wield AI anticompetitively.

Technology 52

Technology Marketability 52

Benzinga

JULY 23, 2024

On Tuesday, Owens & Minor Inc. (NYSE: OMI ) agreed to acquire Rotech Healthcare Holdings, Inc., a privately held home-based care business headquartered in Orlando, Florida, for $1.36 billion in cash. Given anticipated tax benefits of approximately $40 million from the transaction, the net purchase price is approximately $1.32 billion, representing approximately a 6.3x multiple of LTM EBITDA, excluding synergies.

EBITDA 52

EBITDA Equity 52

Law 360 M&A

JULY 23, 2024

Microsoft pushed back against the Federal Trade Commission's contention that an increase in the company's gaming subscription pricing is evidence of the anticompetitive effects of the software giant's $68.7 billion acquisition of game developer Activision Blizzard Inc., calling the commission out for trying to "reinvent" its case against the merger on appeal to the Ninth Circuit.

52

52

Benzinga

JULY 23, 2024

Cloud security company Wiz , which was rumored to be in a $23 billion deal to be bought by Google parent Alphabet, Inc. (NASDAQ: GOOGL ) (NASDAQ: GOOG ), has reportedly walked away and has instead chosen to take the initial public offering route. A bullish tech analyst on Tuesday commented on the development and its implications for the industry. What Happened: Antitrust issues, a run-in with the Federal Trade Commission and its commissioner Lina Khan, may have been one of the potential reasons

Equity 52

Equity 52