Tue.Feb 18, 2025

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Granting Favors: Insider-Driven Corporate Philanthropy

Harvard Corporate Governance

Posted by Leeor Ofer (Harvard Law School), on Tuesday, February 18, 2025 Editor's Note: Leeor Ofer is a fellow at the Harvard Law School Program on Corporate Governance and an S.J.D. candidate at Harvard Law School. This post is based on her recent article , forthcoming in the Ohio State Law Journal. Corporate charitable giving has long been considered a key tool in companies environmental, social, and governance (ESG) arsenal.

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Comment on Appraisers Freed from DEI Propaganda by Raymond

Appraisers Blog

I have not read all the comments on the subject. But , after 40 years in the appraisal business, this discrimination issue just reinforces how politically WEAK the appraisal profession still is. The professional is a easy for “target for blames” The appraisal professional gets the blame for everything that goes wrong within the mortgage lending business.

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New C&DIs on Types of Shareholder Engagement Could Cause Loss of Schedule 13G Eligibility

Harvard Corporate Governance

Posted by Amy R. Dreisiger, Joseph A. Hearn, and Dalia O. Blass, Sullivan & Cromwell LLP, on Tuesday, February 18, 2025 Editor's Note: Amy R. Dreisiger , Joseph A. Hearn , and Dalia O. Blass are Partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Dreisiger, Mr. Hearn, Ms. Blass, H. Rodgin Cohen , Robert W.

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Asbury Automotive Accelerates Expansion With $1.34 Billion Herb Chambers Takeover

Benzinga

Asbury Automotive Group Inc (NYSE: ABG ) shares are trading lower on Tuesday. The company inked a deal to acquire The Herb Chambers Companies in a $1.34 billion deal. The transaction covers Herb Chambers’ 33 dealerships, 52 franchises, and three collision centers, representing $2.9 billion in 2024 revenue. The transaction, expected to close in the late second quarter of 2025, is subject to customary conditions and will be funded through credit facilities, mortgage proceeds, and cash.

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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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Business Valuation for Selling an Auto Parts Store

Peak Business Valuation

If you are considering selling an auto parts store , you must first understand its value. Business owners often choose to sell so they can retire, start something new, or pursue other goals. No matter your objective, a valuation for selling an auto parts store is key to a lucrative sale. However, to ensure you set a fair price, consider obtaining a professional business valuation.

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Sarasota's $150M Living Vogue Real Estate Firm Joins eXp Realty

Benzinga

Luxury boutique brokerage moves 50 agents to the eXp Luxury division with plans to expand within eXp's innovative model BELLINGHAM, Wash., Feb. 18, 2025 (GLOBE NEWSWIRE) -- eXp Realty ® , "the most agent-centric real estate brokerage on the planet™" and the core subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI ), is proud to announce that Living Vogue Real Estate, one of Sarasota, Florida's most high-energy and stylish real estate firms, has joined eXp Realty.

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Comment on New URAR Redesign Spec Released by Frustrated Appraiser

Appraisers Blog

In reply to Mark Page. Yes, selective blindness and ignorance is a big problem with some of the responders. (Ego as well) Appraisers are not against change when it is logical. This is not. Especially when you take into account the increased use of PDCs, hybrids, trash products and waivers. Oh, and the increased data theft from appraisers.

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The McKinsey Crossword: Nature of the Beast | No. 220

Mckinsey and Company

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 youre looking for a quick win.

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Northvolt to sell industrial battery unit to Scania

Financial Times M&A

Deal for undisclosed sum is Swedish battery makers latest step in efforts to shore up finances

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The transformation imperative: Igniting value creation in medtech

Mckinsey and Company

Leading medtech companies are embarking on bold transformations and evolving their operating models to unlock sustainable growth and create efficiencies.

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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 Appraisers Freed from DEI Propaganda by Raymond

Appraisers Blog

In reply to Baggins. appraisers are way too busy preparing home appraisals at low fees and ridiculous turn times to keep up with the injustices unfairly dump on the appraisal profession. Nothing new…… the beat goes on.

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Healthy workplace, healthy workers

Mckinsey and Company

By creating supportive workplaces that help alleviate employee burnout and improve well-being, employers can enable both their workers and their companies to thrive.

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Comment on Appraisers Freed from DEI Propaganda by Mark Hastert

Appraisers Blog

In reply to Raymond. Couldn’t agree more. No representation by any party interested in protecting the profession. It’s our own fault. We’re too damn independent for our own good to unionize.

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Anglo American sells nickel business for $500mn

Financial Times M&A

Miner seeks to focus on copper and iron as it restructures after rebuffing BHP takeover attempt

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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 Appraisers Freed from DEI Propaganda by Eric Kretz

Appraisers Blog

In reply to Pray Hard. Appraisers will get sued for discrimination for NOT accepting appraisals in those type of markets. The PTB will then double down on DEI and hiring for anything that moves that is not an old white man to appraise these properties. Gotta keep pushing the narrative.

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7 Common M&A Due Diligence Pitfalls

Machen McChesney

In 2025, global merger and acquisition (M&A) volume is expected to surge to the highest level in four years, according to Reuters. M&As require thorough due diligence to minimize risks and maximize long-term value. Some business combinations fail to achieve expected results due to financial missteps, overlooked liabilities, and integration challenges.

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Comment on Appraisers Freed from DEI Propaganda by I Hate the Hate

Appraisers Blog

In reply to ohiobeasttwoonesix. Given his rapid rate of change to existing programs and the dismantling of many federal departments, we will most likely see. If history is correct, deregulation will not help but who knows maybe we can trust the bankers this time around.

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Download our free Work in Progress (WIP) recording template

JPAbusiness

This template comes from our free ebook, How to give your business a strong forward outlook. Work in progress (WIP) is one of the five key factors we consider when assessing the strength of a businesss forward outlook. The others are: Contracts and agreements Pipeline of prospects Client portfolio External market trends.

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Comment on Appraisers Freed from DEI Propaganda by Spencer Paul

Appraisers Blog

In reply to Eric Kretz. Not if you provide and fee quote to cover your potential liability in those areas. Additionally, the percentages are on your side that you never will. There have less than 10 appraisal assignments that have been placed in media attention over the past 10 years. In most cases it was an issue of appraiser competence and not of racial bias.

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H&E Equipment Drops United Rentals Deal For Herc Holdings' Offer: Details

Benzinga

H&E Equipment Services, Inc. (NASDAQ: HEES ) and Herc Holdings Inc. (NYSE: HRI ) shares are moving on Tuesday. H&E Equipment Service stated that it received an acquisition offer from Herc Holdings to acquire all of its outstanding shares for $104.89 per share. The price is based on Herc’s 10-day VWAP as of market close and closing price of $200.74 per share on February 14, 2025.

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UK watchdog changes tack and provisionally approves $570mn travel deal

Financial Times M&A

CMA provides outline clearance to Amex GBTs planned purchase of rival CWT

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Why Is Farming Company Adecoagro Stock Jumping Today?

Benzinga

Shares of sustainable production company Adecoagro S.A. (NYSE: AGRO ) are surging on Tuesday. The South American company has revealed a recent non-binding proposal from Tether Investments S.A. de C.V. The offer, if finalized, would result in Tether obtaining a controlling 51% stake in Adecoagro. According to a Schedule 13D filing dated November 14, 2024, Tether holds approximately 19.4% of Adecoagro’s outstanding common shares.

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EPI Exclusive: Scott Mashuda on 2025 Lower Middle Market Deal Activity

Scott Mashuda

Recently, REAG’s Founding Partner, Scott Mashuda , presented The Current M&A Market: 2024 Review & 2025 Look Ahead for EPI s Webinar Series: M&A Market Pulse 2025. Supported by a data-driven analysis of 2024’s market fundamentals and insights from leading sources, REAG’s market outlook highlighted several key trends shaping dealmaking in 2025.

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OCC's Hood Eyes Mergers, Fintech In Agenda Preview

Law 360 M&A

The Office of the Comptroller of the Currency's acting chief Rodney Hood on Tuesday pledged efforts to ease regulations for so-called community banks, previewing an agenda that includes making it easier for them to merge and explore financial technology.

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Is All EBITDA Created Equal?

Auto Dealer Valuation Insights

In the world of family-owned and other private businesses, most everyone looks to EBITDA (earnings before interest, taxes, depreciation, and amortization) as an indicator of financial performance. Legendary investor Warren Buffett, however, holds a long-standing grudge against EBITDA.

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Ancora Says US Steel CEO May Have Made Insider Trades

Law 360 M&A

Ancora Holdings Group LLC is claiming that U.S. Steel CEO David Burritt "may have engaged in insider trading" tied to the company's proposed $14.9 billion merger with Japan's Nippon Steel, and the investor said it could bring related litigation, according to documents released Tuesday.

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Why Is Farming Company Adecoagro Stock Jumping Today?

Benzinga

Shares of sustainable production company Adecoagro S.A. (NYSE: AGRO ) are surging on Tuesday. The South American company has revealed a recent non-binding proposal from Tether Investments S.A. de C.V. The offer, if finalized, would result in Tether obtaining a controlling 51% stake in Adecoagro. According to a Schedule 13D filing dated November 14, 2024, Tether holds approximately 19.4% of Adecoagro’s outstanding common shares.

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Vaccine Developer Files Ch. 11 Sale Plan With $11.5M Bid

Law 360 M&A

Omega Therapeutics, which develops mRNA vaccines, filed proposed bidding procedures in Delaware bankruptcy court, saying it hopes to get a sale approved by mid-April and has a stalking-horse bid in hand worth about $11.5 million.

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Policy Management Pain? Here’s How Financial Institutions Can Fix It

N Contracts

Ever feel like your policy management is stuck in quicksand? You're not alone. Financial institutions everywhere are grappling with an avalanche of regulations, lightning-fast innovation, and the constant pressure to stay compliant while remaining competitive. Let's dive into why this matters and how to turn these challenges into opportunities.

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Ferguson, DOJ Keep Biden-Era Merger Guides For 'Stability'

Law 360 M&A

Federal Trade Commission Chairman Andrew N. Ferguson announced Tuesday that the agency would continue, for now, to use Biden-era merger review guidelines despite them being derided by business interests because he said they are largely "a restatement" of older policies.

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Diamondback Bolsters Plans $3 Billion-Plus Double Eagle Acquisition

Benzinga

Diamondback Energy, Inc. (NASDAQ: FANG ) intends to acquire subsidiaries of Double Eagle IV Midco for approximately 6.9 million shares of its common stock and $3 billion in cash. The company plans to fund the cash portion of the deal through cash on hand, credit facility borrowings, and potential term loans or senior notes offerings. The asset spans approximately 40,000 net acres in the core of the Midland Basin, with an estimated run-rate production of 27 MBo/d, of which 69% is oil.

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Proposed Tweaks To Del. Chancery Law Ignite DExit Firestorm

Law 360 M&A

Stockholder attorneys in Delaware pushed back immediately against two state Senate measures that would amend corporation law provisions at the center of recent debate over shareholder class lawsuits, big court awards and recent corporate moves to purportedly more business-friendly states such as Texas and Nevada.

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Why Is Walgreens Boots Alliance Stock Trading Higher On Tuesday?

Benzinga

As per a media report in December, Walgreens Boots Alliance Inc (NASDAQ: WBA ) suggested the company is in talks to be acquired by Sycamore Partners. Walgreens's market value has shrunk from over $100 billion a decade ago to around $8.4 billion, as per data from Benzinga Pro. Earlier on Tuesday, citing CNBC, the Bloomberg report noted that the take-private deal with the private equity firm is still possible.

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Cravath, Morgan Lewis Steer $1B Charitable Gaming Biz Deal

Law 360 M&A

Las Vegas-based Light & Wonder Inc. said Tuesday it has agreed to buy the charitable gaming assets of Grover Gaming for $850 million in cash, plus a four-year, revenue-based earn-out of up to $200 million cash.

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