Mon.Sep 30, 2024

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The Magnificent 7: A Sustainability Perspective

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, September 30, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Hernando Cortina. Key Takeaways Reflecting their strong contribution to major indices, the so-called Magnificent 7 U.S. stocks have been a major focus of investor attention.

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DirecTV Strikes Deal to Acquire Dish Network

NYT M&A

The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.

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Trio of SEC Enforcement Actions Underscores Importance of Internal Controls

Harvard Corporate Governance

Posted by Matthew C. Solomon, Tom Bednar, and Yasmeen Duncan, Cleary Gottlieb Steen & Hamilton LLP, on Monday, September 30, 2024 Editor's Note: Matthew C. Solomon is a Partner, Tom Bednar is a Counsel, and Yasmeen Duncan is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary Gottlieb memorandum. In the past few weeks, the Securities and Exchange Commission (“SEC”) has announced three settled enforcement actions alleging violations of the internal c

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FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

Benzinga

On Monday, Chevron Corp (NYSE: CVX ) announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with Hess Corp (NYSE: HES ), satisfying a critical closing condition for the transaction. To facilitate the merger’s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.

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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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Shareholder Rights and the Bargaining Structure in Control Transactions

Harvard Corporate Governance

Posted by Ryan Bubb (New York University School of Law), Emiliano Catan (New York University School of Law), and Holger Spamann (Harvard Law School), on Monday, September 30, 2024 Editor's Note: Ryan Bubb is the Robert B. McKay Professor of Law at New York University School of Law, Emiliano Catan is the Catherine A. Rein Professor of Law at New York University School of Law, and Holger Spamann is the Lawrence R.

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AT&T Gets Major Exit Cue As DirecTV Clinches Dish Deal

Benzinga

DirecTV has finalized a deal to merge with Dish Network , marking a significant shift in the pay-TV landscape. This would allow AT&T Inc. (NYSE: T ) to walk out of DirecTV. What Happened: The merger concludes decades of intermittent discussions, creating a combined entity with 20 million subscribers. This move comes as both companies face declining market shares due to competition from streaming services like Netflix and Amazon Prime Video.

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Wachtell Guides Marsh McLennan On $7.75B McGriff Buy

Law 360 M&A

New York-based global professional services group Marsh McLennan said Monday it has agreed to buy insurance brokerage McGriff Insurance Services, an affiliate of TIH Insurance Holdings, for $7.75 billion in a deal steered by Wachtell Lipton and Simpson Thacher, respectively.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Kevin

Appraisers Blog

In reply to Baggins. We can all just send a copy of the letter and expose’ to all of your lender clients and realtors that you come into contact with. It has been my esperience that 95% of the ones I talk to have not heard anything about what is happening with AMC’s and the jacking of fees that is going on. And when they do find out they are pisssed!

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Pa. Bankruptcy Court OKs $53M Sale Of Nursing Homes

Law 360 M&A

A federal bankruptcy judge approved the proposed sale of nine western Pennsylvania nursing homes to affiliates of Kadima Healthcare Group for $53 million Monday, as part of Chapter 11 proceedings for more than a dozen facilities operating under the umbrella of Comprehensive Healthcare Management Systems.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Josh Tucker

Appraisers Blog

In reply to Baggins. ARCC is a Research Institute. Nobody can speak for them except through ARCCs webpage itself or posts from their LinkedIn. They have a lot of projects they are working on and a fun announcement coming up. Rest assured they are not staying idle.

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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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Ten private-markets considerations shaping 2024 so far

Mckinsey and Company

A look at how 2024 is unfolding in private markets can help companies plan ahead and find new growth avenues.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Mary Thompson Thompson

Appraisers Blog

I finally announced my retirement to the masses what a load off. Between Bias, AMC’s, ROV, NAR Lawsuit, the new appraisal form coming out, now is the time to bow out after 30 years. The more I think about this BS the more I now understand we have been ABUSED for decades. Class action against AMC’s for mental and financial abuse is in order and we need someone to take it on.

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F.T.C. Clears Chevron’s Purchase of Hess With Board Condition

NYT M&A

The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.

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Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

The Guardian M&A

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm Mike Ashley’s Frasers Group has filed a possible £83m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker. Frasers – the owner of Sports Direct, Evans Cycles, the House of Fraser department store, luxury streetwear chain Flannels and multiple brands from Slazenger to Jack Wills – already owns a 37% stake.

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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 Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by kevin

Appraisers Blog

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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ButcherJoseph & Co. Has Been Nominated for Four Awards by The M&A Advisor

Butcher Joseph & Co.

ButcherJoseph & Co. was selected for four awards: the sale of Environmental Restoration to the Environmental Restoration Employee Stock Ownership Plan. The post ButcherJoseph & Co. Has Been Nominated for Four Awards by The M&A Advisor appeared first on ButcherJoseph & Co.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Baggins

Appraisers Blog

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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Why Emcore Stock Is Soaring Monday

Benzinga

EMCORE Corporation (NASDAQ: EMKR ) shares are trading higher Monday after Mobix Labs, Inc. (NASDAQ: MOBX ) submitted an all-cash offer to acquire the company for $3.80 per share. The Details: The offer from Mobix Labs represents a premium of more than 200% to Emcore stock’s closing price of $1.21 per share on Friday. Read Next: Tesla ‘Mojo Is Back,’ Tech Analyst Dan Ives Says Ahead Of Q3 Deliveries “We believe this proposal presents an exceptional opportunity for EMCORE s

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pat

Appraisers Blog

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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Drawing finance to the mobility transition

Mckinsey and Company

Two leading experts discuss why the mobility transition represents a new kind of asset class and the steps stakeholders can take to derisk investment opportunities.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pat Turner

Appraisers Blog

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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Unveiling the Unseen: 5 Unexpected Factors That Impact Your Business’s Valuation in Mergers and Acquisitions

Sun Acquisitions

Preparing to sell your business can be both exhilarating and daunting. As you meticulously evaluate financial statements, assess market conditions, and fine-tune your pitch, it’s crucial not to overlook the less conspicuous elements that can significantly influence your business’s valuation in mergers and acquisitions (M&A). While revenue and profit margins undoubtedly play a central role, savvy sellers understand that several unexpected factors can profoundly impact valuation.

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The Chief Risk Officer and Risk Reporting to the Board

Norman Marks

This post is (again) going to upset some people. My hope is that even if you disagree with me, it will make you think. Let’s start with a provocative statement: The only risk that matters (much) is one that will have a notable effect on achieving enterprise objectives.

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LVMH sells Off-White streetwear brand founded by Virgil Abloh

Financial Times M&A

Fashion label to be acquired by New York-based Bluestar Alliance

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Comment on Objectionable Valuations Become Hate Speech, Inflating Home Prices by Frustrated Appraiser

Appraisers Blog

In reply to Brian Smith. Just wow. Do you have any idea what impact one claim can have? Especially a FALSE one against an appraiser? There is also the fact that ANYONE can file a complaint against an appraiser, with NO consequences for false claims. The financial, mental and physical health impacts, etc. Not to mention the “stories” that are in the media where appraisers received death threats?

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Inbal Shani on maturing your product leadership in the age of AI

Mckinsey and Company

Inbal Shani, chief product officer at Twilio, shares how she thinks about incorporating AI into products to maximize customer outcomes and product value.

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Qatar Airways agrees to buy 25% stake in Virgin Australia

Financial Times M&A

Australia’s second-largest carrier would return to long-haul flying as part of the deal

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Comment on Stoked by HUD, Cottage Industry Shakes Down Mom-and-Pop Appraisers by Baggins

Appraisers Blog

On the topic of over valuation. Limiting corporate ownership of sfr’s. We should have a clearer distinction between commercial and residential property investments. A new form of property flipping, except they continually flip the renter with lease price increases. When the corporations buy, they rarely sell. If the properties end up on the open market again, another corporate investor ends up out bidding sfr seeking individual purchasers quite often anyways.

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Trout CPA Associate Peyton Celuch Earns CPA Designation

Trout CPA

We are excited to announce that Peyton Celuch, one of our dedicated Associates, has officially earned his Certified Public Accountant (CPA) designation!

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Freshfields Guides Abu Dhabi Oil in €14.7B German Bid

Law 360 M&A

Abu Dhabi's state-owned oil company said Tuesday that it will buy a German chemicals producer, Covestro AG, in a €14.7 billion ($16.3 billion) deal as the Gulf state seeks to lower its dependence on oil amid the transition to green energy.

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S. Lyon & M. Berman Publish The Upside of Compliance Book | Ncontracts

N Contracts

BRENTWOOD, Tenn., September 30, 2024 — Ncontracts , the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, is pleased to announce the release of a new book, The Upside of Compliance: Empowering Financial Institutions to Thrive.

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Colo. Says Kroger Merger Would Divest To 'Retail Liquidator'

Law 360 M&A

Colorado enforcers told a state judge Monday that Kroger Co.'s plan to inoculate against the anticompetitive effects of its $25 billion merger with Albertsons is doomed to fail because the company that would acquire hundreds of stores is a "liquidator" with no intention of running the stores long term.

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How to Value a Transportation and Warehousing Company

Peak Business Valuation

The transportation and warehousing industry is the backbone of the American supply chain. Businesses in the transportation and warehousing industry move goods from manufacturers to consumers throughout the country. Without transportation and warehousing businesses, our economy would likely struggle. If you want to tap into a trillion-dollar industry, buying , expanding , or selling a transportation company or warehouse could be the best move.

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Bristol-Myers Beats Celgene Investors' Drug Delay Suit

Law 360 M&A

A New York federal judge on Monday tossed UMB Bank's claims that Bristol-Myers Squibb improperly delayed U.S. Food and Drug Administration approval of a cancer treatment to avoid paying shareholders $6.4 billion owed from a 2019 acquisition of Celgene Corp., saying the bank lacked standing to sue.

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