Wed.Dec 20, 2023

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Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Wednesday, December 20, 2023 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham & Watkins memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

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Warner Bros. Discovery in Talks to Merge With Paramount

NYT M&A

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

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Why We Still Need the SEC’s Climate-Related Disclosures Rule

Harvard Corporate Governance

Posted by Erin Shortell (New York University), on Wednesday, December 20, 2023 Editor's Note: Erin Shortell is a Legal Fellow at the Institute for Policy Integrity at New York University School of Law. This blog post is based on a recent Institute for Policy Integrity report by Ms. Shortell, Donald L. R. Goodson, Jack Lienke, Sophia Dilworth, and Isabel Keene.

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New-business building: Six cybersecurity and digital beliefs that can create risk

Mckinsey and Company

In the race to build new businesses, decision makers often overlook risk management and cybersecurity. We have identified six misconceptions that executives often bring to the table.

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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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Streaming Mega Merger? Warner Bros, Paramount CEOs Met On A Potential Deal Tuesday - Axios

Benzinga

David Zaslav , CEO of Warner Bros. Discovery, Inc. (NASDAQ: WBD ), and Bob Bakish , CEO of Paramount Global , met on Tuesday and spoke for several hours about a potential merger. Here's what you need to know. The Details: According to an Axios , the meeting focused on areas such as how the companies could complement one another. Warner Bros. Discovery's ability to leverage Paramount's children's programming assets and the combination of CBS News and CNN into a massive global news

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Where to play in CPG: A multi-lens approach to beat the market

Mckinsey and Company

Machine learning can help Latin American consumer packaged goods players better understand consumers, categories, competitors, and capabilities—and increase the odds of outperformance year after year.

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An interview with Pahala Mansury: Opportunities in sustainable energy transition in Indonesia

Mckinsey and Company

Indonesia’s Vice Minister of Foreign Affairs reflects on the nation’s clean energy transition and how collaboration could help achieve energy security in ASEAN.

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How A Business-Minded Part-time CFO Thinks Differently

Redpath

A part-time CFO can help strengthen your company’s financial strategy and operations, but one who is business-minded can bring broader benefits.

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Building a sales engine: Five insights to accelerate your start-up

Mckinsey and Company

How do you find and keep the best salespeople at a start-up? Dominikus Kirchhoff, former managing director at Choco, discusses his recipe for doing just that.

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The US backlash against Nippon Steel is wholly misguided

Financial Times M&A

American objections to a deal to buy US Steel turn on an outdated view of how close Japanese companies are to the state

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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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Navigating geopolitics with Richard Haass

Mckinsey and Company

CEOs need to grapple not only with geopolitical volatility but potential domestic instability, says the career US diplomat.

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Warburg Pincus teams up with Horta-Osório on €6bn bid for telecoms assets

Financial Times M&A

Private equity firm is working with former Lloyds and Credit Suisse boss on plan to buy Altice’s Portuguese business

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5 Firms Build Aon's $13.4B PE-Backed Insurance Broker Buy

Law 360 M&A

Professional services firm Aon PLC on Wednesday unveiled plans to acquire middle market insurance broker NFP from private equity shop Madison Dearborn Partners for an estimated total consideration of $13.4 billion at closing, in a behemoth of a deal assembled by five law firms.

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Warner Bros and Paramount CEOs hold exploratory merger talks

Financial Times M&A

A deal could combine CNN and CBS while letting the indebted media groups cut streaming costs

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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 Fannie Mae Filed a Complaint Against Me by Maria

Appraisers Blog

The same happened with me. Bought back mortgage, complains by Fannie Mae sent to me after the dead line of the response, still responded (8 hours work). Silence for a year. A year later a letter was received from DPOR with the same Fannie Mae complains… waiting for the results. I was told by DPOR that there is an influx of complains against the appraisers.

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11 Deals That Shaped Healthcare And Life Sciences In 2023

Law 360 M&A

The healthcare industry's appetite for mergers and acquisitions waned considerably this year, with both the number and size of deals falling well short of recent years. But that didn't make for a slow 2023, with segments like hospital systems showing renewed activity and major announcements in biotech that signaled a careful but growing appetite from the biggest players.

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MSCI Expands Portfolio Solutions With Strategic Acquisition Of Wealth Tech Platform Fabric

Benzinga

MSCI Inc. (NYSE: MSCI ) has agreed to acquire Fabric, a wealth technology platform. The terms of the deal were not disclosed. Founded in 2019, Fabric provides previously underserved wealth management communities with risk and portfolio design technology. The synergies between MSCI's total-portfolio toolkit and Fabric's rules-based portfolio construction capabilities are expected to have a transformative impact.

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Benchmark International Successfully Facilitated the Transaction Between WJ Project Services Limited and Amcomri Group Limited

Benchmark Report

Benchmark International is pleased to announce the acquisition of electrical test and commissioning company, WJ Project Services ( WJPS ), and Amcomri.

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NC Man Admits To Role In New Jersey Deli Fraud Scheme

Law 360 M&A

A North Carolina man pled guilty in New Jersey federal court Wednesday for his role in a market manipulation scheme involving a small New Jersey deli, in which he and two alleged co-conspirators artificially inflated the share prices of two companies, the U.S. Attorney's Office for the District of New Jersey said in a statement.

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‘Twas the Blog Before Christmas…

Auto Dealer Valuation Insights

‘Twas the Night before Christmas, when starting from dusk, No salesperson was stirring, not even Saint Musk; Service lanes and lifts were empty and bare, In hopes that new models soon would be there. Our analysts report yet another good year, Despite margins declining and other big fears; With continued recovery in service and parts — Focusing on fixed ops will always be smart!

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Amazon Brand Buyer Nixes 'Death Trap' In Ch. 11 Disclosure

Law 360 M&A

Amazon brand aggregator Benitago Inc. has proposed a new disclosure statement for its Chapter 11 plan that eliminates language the U.S. trustee referred to as a "death trap" earlier in the day.

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Biden Campaign Adviser Brian Deese Reportedly Sounds Alarm On Nippon Steel's Bid For US Steel - A Call for Administration Scrutiny?

Benzinga

Nippon Steel Corporation 's (OTC: NISTF ) proposed acquisition of United States Steel Corporation (NYSE: X ) has raised concerns for Brian Deese, a prominent figure in President Joe Biden's 2024 re-election campaign. On Wednesday, Deese stated that the administration should scrutinize this deal closely, per a news report by Reuters. Having led the White House National Economic Council during the initial two years of Biden's presidency and shaping the administration's economic age

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Del. Dispatch: The 2023 Corporate Cases You Need To Know

Law 360 M&A

Corporate and mergers and acquisitions litigation has continued at a fevered pace this year, with the Delaware courts addressing numerous novel issues with important practical implications, including officer exculpation and buyer aiding-and-abetting liability, say attorneys at Fried Frank.

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Why Transportation Safety Solutions Provider SaverOne Shares Are Trading Higher Today

Benzinga

SaverOne 2014 Ltd (NASDAQ: SVRE ) shares are trading higher after the company disclosed the acquisition of certain operations, products, and IP of Micronet Ltd. for an undisclosed amount. Micronet, a publicly traded company on the Tel Aviv Stock Exchange, develops advanced telematics systems cameras and Driver Monitoring Systems (DMS). The buyout will boost SVRE's product.

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In The World Of Legal Ethics, 10 Trends To Note From 2023

Law 360 M&A

Lucian Pera at Adams and Reese and Trisha Rich at Holland & Knight identify the top legal ethics trends from 2023 — including issues related to hot documents, artificial intelligence and cybersecurity — that lawyers should be aware of to put their best foot forward.

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Corporate Transparency Act Beneficial Ownership Information Reporting Requirement

Trout CPA

SIGNIFICANT PENALTIES FOR NON-COMPLIANCE Starting January 1, 2024, the Corporate Transparency Act (“CTA) will go into effect. The CTA requires the disclosure of the beneficial ownership information (“BOI”) of certain entities from people who own or control a company. The CTA is not a part of the tax code, as the new BOI report will be filed with the Financial Crimes Enforcement Network (FinCEN), not the IRS.

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SomaLogic Founder Sues In Del. Chancery To Block $1B Deal

Law 360 M&A

Biomedical venture SomaLogic Inc.'s founder and chief technology officer have sued in Delaware's Court of Chancery to block a more-than $1 billion stock-for-stock merger with Standard BioTools Inc., alleging moves by Standard to acquire SomaLogic at an unfair price on unfair terms.

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Finding the Right Buyer: How a Business Broker Can Help Identify Qualified Investors

Sun Acquisitions

When it comes to selling a business , finding the right buyer is a pivotal step in ensuring a seamless transition of ownership and the company’s continued success. This task, however, is easier said than done. Identifying investors who align with the company’s vision, goals, and values requires a keen understanding of the market, an extensive network, and a wealth of industry expertise.

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Pharma Co. Impel Hits Ch. 11 With $127M Debt And Sale Plans

Law 360 M&A

Migraine drug maker Impel Pharmaceuticals Inc. and one of its subsidiaries filed for bankruptcy in Texas, listing $126.9 million in debt and plans to sell itself as a going concern.

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FCF Interest & Corporate Loan Monitor Q3/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q3/2023”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q3/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Choice Hotels Rips Wyndham's Reaction To Takeover Effort

Law 360 M&A

Choice Hotels shot back at Wyndham Hotels and Resorts after the latter suggested that antitrust regulators could significantly delay Choice's proposed acquisition of Wyndham or derail it altogether.

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How to Obtain an Optometry Equipment Appraisal

Peak Business Valuation

Navigating the process of obtaining an optometry equipment appraisal is a crucial step. It determines the true value of business assets. An equipment appraisal is relevant for business expansion, financial planning, or sales transactions. In this guide, we address key considerations for obtaining an optometry equipment appraisal. From selecting an equipment appraiser to preparing documents, we provide actionable insights.

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E-Bike Rental Co. Bird Hits Ch. 11 With Sale Plans

Law 360 M&A

E-bike rental company Bird Global filed for Chapter 11 protection in a Florida bankruptcy court Wednesday, saying it had lined up a stalking horse bid from its lenders to deal with its more than $100 million in debt.

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Chesapeake Utilities' Sharp Energy Expands In North Carolina With J.T. Lee Propane Asset Acquisition: Details

Benzinga

Chesapeake Utilities Corporation (NYSE: CPK ) said its subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son's in Cape Fear, North Carolina. The financial terms of the deal were not disclosed. The acquisition will help Sharp Energy expand. Full story available on Benzinga.

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