Tue.Jul 02, 2024

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SEC Remains Focused on Disclosure of Cybersecurity Incidents

Harvard Corporate Governance

Posted by Elizabeth Skey and Bingxin Wu, Cooley LLP, on Tuesday, July 2, 2024 Editor's Note: Elizabeth Skey is a Partner and Bingxin Wu is an Associate at Cooley LLP. This post is based on their Cooley memorandum. Recent Securities and Exchange Commission (SEC) enforcement action and statements by SEC officials show that the Commission remains focused on disclosures regarding cybersecurity incidents.

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Hiring Your Child to Work at Your Business This Summer

Machen McChesney

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could reap some tax advantages.

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Williamson and Coase: Transactions Costs or Rent-Seeking in the Formation of Institutions

Harvard Corporate Governance

Posted by Gary Libecap (University of California, Santa Barbara), on Tuesday, July 2, 2024 Editor's Note: Gary D. Libecap is a Distinguished Professor of Corporate Environmental Management in the Bren School of Environmental Science & Management and Distinguished Professor of Economics at the University of California, Santa Barbara. This post is based on his working paper.

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From Crisis to Opportunity: Rolls-Royce’s Journey

Valutico

Rolls-Royce Holdings Plc Biweekly Valuation – Valutico | July 02, 2024 Link to the Valuation Facing Turbulence Rolls-Royce’s financial troubles arose from a mix of operational, financial, and strategic challenges. Pre-COVID, the company faced costly Trent 1000 engine repairs and compensation, management and strategic direction issues, and increasing debt levels.

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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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Remarks by Commissioner Peirce at the Annual US-Central and Eastern European Connection Weekend

Harvard Corporate Governance

Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Tuesday, July 2, 2024 Editor's Note: Hester M. Peirce is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks. The views expressed in this post are those of Commissioner Peirce and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Cannabis Equity Licensee Says Rapper Burned Him In Deal

Law 360 M&A

The holder of a Massachusetts social equity cannabis license says several entities affiliated with a marijuana brand created by hip hop artist Berner are trying to stiff him out of $2 million they agreed to pay for a stake in his Worcester dispensary, while still trying to assert control over it.

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Industry Self-Regulation Will Shine Post-Chevron

Law 360 M&A

The U.S. Supreme Court's Loper decision will shape the contours of industry self-regulation in the years to come, providing opportunities for this often-misunderstood practice, says Eric Reicin at BBB National Programs.

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Qatar Stock Market Aims To Boost Product Range And Liquidity 

Global Finance

The Qatar Stock Exchange (QSE) carried out its first domestic securities lending and borrowing (SLB) transaction in May as part of its strategy to raise market liquidity. The move marked an important development for the QSE, as it looks to increase market and product sophistication, depth, and securities lending. HSBC acted as custodian and agent-lender while QNB Financial Services (QNBFS) acted as the borrower.

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BREAKING: FTC Challenges Tempur Sealy's $4B Mattress Deal

Law 360 M&A

The Federal Trade Commission moved on Tuesday to block Tempur Sealy International Inc.'s planned $4 billion purchase of Mattress Firm Group Inc., saying the world's largest mattress supplier intends to use the deal to block its rivals from accessing the largest retail mattress chain in the U.S.

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Meet mental health advocate and entrepreneur Jakiel Mariner

JPAbusiness

I was fortunate to speak with a truly unique and inspiring entrepreneur for a recent episode of the Let’s Talk Business podcast. Jakiel Mariner is the definition of entrepreneurship and proof that there are many different paths to business ownership, and many different business models. An extremely humble man, Jakiel is nonetheless a quietly determined personality who is driven to ‘show up’ for others and make a difference both in his own community and in under-served Indigenous communities.

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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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3 Ways Agencies Will Keep Making Law After Chevron

Law 360 M&A

The U.S. Supreme Court clearly thinks it has done something big in overturning the Chevron precedent that had given deference to agencies' statutory interpretations, but regulated parties have to consider how agencies retain significant power to shape the law and its meaning, say attorneys at K&L Gates.

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Comment on Solving the ANSI Measuring Dilemma by Baggins

Appraisers Blog

In reply to kevin r litchke. Finish quality is not the same thing as house size. Apply a market reaction adjustment for the quality of materials and finishing in one of the free lines or the C line. That would be tied to the real world costs of finishing the space to expected market standards, materials and labor. That’s a comparative value sort of consideration.

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Can Europe compete in the race to develop and deploy generative AI?

Mckinsey and Company

Alexander Sukharevsky, senior partner and global leader of QuantumBlack, AI by McKinsey, says Europe enjoys several competitive AI advantages, including talent, culture, and a regulatory framework.

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Comment on Solving the ANSI Measuring Dilemma by Koma

Appraisers Blog

In reply to kevin r litchke. Yes, The area must contain walls, floors and ceilings of materials generally accepted for interior construction (painted drywall, carpet etc.

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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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Hawksmoor restaurant chain up for sale

Financial Times M&A

Deal could value group owned by Graphite Capital at around £100mn as it seeks to expand outside UK

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Comment on Solving the ANSI Measuring Dilemma by kevin r litchke

Appraisers Blog

Good morning, is there an example of how to complete this type of afore mentioned ANSI work around? and an example of the addendum that describes the appraiser steps? I have a question regarding ANSI reporting of an unfinished second floor bedroom. The walls and ceiling are just bare drywall which has not been mudded/taped/painted. Would this be left out of the ANSI measurements?

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Paramount and Skydance renew merger talks with sweetened offer

Financial Times M&A

New deal is not certain and shareholders in Hollywood group have 45-day ‘go shop’ right to seek better terms

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Going Out On Top? Boston Celtics For Sale After NBA Title, Large Contracts Handed To Star Players

Benzinga

The Boston Celtics won their 18 th NBA championship in the 2023-2024 season. The team could be under new ownership soon, with the owners looking to move on after guiding the team to two championships and locking up several star players long-term. What Happened: Investors have limited options when it comes to adding public sports teams to their portfolio.

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How Generative AI (GenAI) can empower corporate tax departments

ThomsonReuters

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. Generative Artificial Intelligence ( GenAI ) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making.

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California Resources Concludes Merger With Aera Energy

Benzinga

California Resources Corporation (NYSE: CRC ) has concluded its $1.13 billion all-stock merger, announced in February 2024, with Aera Energy, LLC. The total valuation of the deal is $2.1 billion, including debt.In a special meeting held on Jun 26, 2024, CRC shareholders authorized the issuance of stocks needed to close the merger deal. As part of the agreement, the entities owning Aera Energy have received 21.3 million shares of common stock of CRC.

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Advancing with XML: A Corporate Imperative

Global Finance

The Shift to XML The global move toward XML isn’t just driven by Swift; it represents a broader industry shift affecting a wide range of digital payment players, including financial institutions, clearing systems, intermediaries, ERP and TMS. New TMS/ERP add-ons and emerging fintech offerings will predominantly be based on XML. XML is becoming the new global language for payments and statements, ensuring compliance and unlocking numerous benefits and future services.

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BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets

Benzinga

Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. (NYSE: BLK ) with a price forecast of $929. According to Blostein, BlackRock’s latest acquisition — buying Preqin, a private markets data and solutions provider, for$3.2 billion — will provide a meaningful opportunity for revenue synergies, primarily from increased distribution via BlackRock’s broader network.

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An update on consumer sentiment in Asia-Pacific

Mckinsey and Company

McKinsey’s latest ConsumerWise Survey finds consumers in the region reacting differently to ongoing economic uncertainty. Companies should take note.

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Motorola Buys Noggin to Boost Operational Resilience

Benzinga

Motorola Solutions Inc. (NYSE: MSI ) has acquired Noggin, a global provider of cloud-based business continuity planning, operational resilience and critical event management software. The buyout aligns with Motorola's ongoing efforts to bolster its emergency coordination solutions, reinforcing its position in the public safety and enterprise security sectors.

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The McKinsey Crossword: In the Zone | No. 187

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 you’re looking for a quick win.

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Benchmark International Successfully Facilitated the Transaction Between Satex Plumbing, Inc. And Bleuwave General Contracting, LLC

Benchmark Report

Benchmark International is pleased to announce the transaction between Satex Plumbing, Inc. and Bleuwave General Contracting, LLC. The transaction represents a strategic expansion for Bleuwave General Contracting, LLC, as it works to achieve scale through acquisitions and expand into the Texas market.

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The money man behind Hindenburg’s Adani trade

Financial Times M&A

Plus, western banks’ Chinese expansion plans fall off a cliff and a UK fund’s thorny history in Russia

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Unpacking the mysteries of productivity

Mckinsey and Company

Leading economist Chad Syverson speculates about the ingredients in productivity’s secret sauce.

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Video Gaming Biz Agrees To EQT's £2.1B Takeover Offer

Law 360 M&A

The board of Keywords Studios PLC said Wednesday that it has backed a £2.1 billion ($2.7 billion) takeover offer put forward by Swedish private equity firm EQT AB, a move that will pull another company from London's capital markets.

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Avoid These Five Pitfalls of IT Integration

M&A Leadership Council

Why IT Leaders Are Essential from Day 1 in M&A Deals By John Sinkus, Senior Advisor, M&A Leadership Council It's well known that M&A deals are more likely to succeed if the executive leadership is engaged in the entire process from beginning to end. This means that multiple members of the C-suite are actively involved in the whole deal lifecycle.

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Asia-Focused SPAC Eureka Raises $50M To Pursue Merger

Law 360 M&A

Eureka Acquisition Corp. began trading Tuesday after the special-purpose acquisition company priced a $50 million initial public offering, embarking on a search to acquire a Chinese or Greater Asian business, guided by three law firms.

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5 ways tax professionals should prepare for GenAI expectations

ThomsonReuters

Jump to: The current state of GenAI training The future of GenAI training 5 ways tax professionals should prepare for expectations What to look for in an AI assistant 2024 GenAI in Professional Services Discover perceptions, usage, and impact on the future of work View full report As generative artificial intelligence (GenAI) continues to evolve, its impact on the tax profession is becoming increasingly significant.

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DLA Piper Hires Former Goodwin Corporate Partner In DC

Law 360 M&A

A former Goodwin Procter LLP partner has joined DLA Piper's corporate practice in the firm's Washington, D.C., office, where he will advise clients on mergers and acquisitions and other transactions.

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What is ‘Business Valuation’ in Shark Tank?

RNC

If you’re a fan of entrepreneurship and reality TV, chances are you’ve heard of Shark Tank. It’s a popular show where ambitious entrepreneurs pitch their business ideas to a panel of seasoned investors called the “Sharks”. One of the key elements of these pitches is business valuation —the process of determining the financial value of a startup.