Thu.Jan 18, 2024

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Poison Bonds

Harvard Corporate Governance

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam) and Shuo Xia (Halle Institute for Economic Research), on Thursday, January 18, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Research and Leipzig University.

Finance 289
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The shape of talent in 2023 and 2024

Mckinsey and Company

If 2023 was the year of the manager and the launchpad for generative AI, what will 2024 bring for talent leaders?

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2023 Disclosure Practices on Board Leadership and Structure

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Thursday, January 18, 2024 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Ass

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Growth strategies for the purchase-mortgage market

Mckinsey and Company

US mortgage lenders rethinking their value proposition for a constrained market should weigh five key actions to sustain growth in mortgage financing for home purchases.

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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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Key Considerations for the 2024 Proxy Season

Harvard Corporate Governance

Posted by Steven J. Slutzky, William D. Regner, and Simone S. Hicks, Debevoise & Plimpton LLP, on Thursday, January 18, 2024 Editor's Note: Steven J. Slutzky , William D. Regner , and Simone S. Hicks are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Slutzky, Mr. Regner, Ms. Hicks, Eric T. Juergens , Benjamin R.

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Private equity predicts deal rebound as sellers capitulate on prices

Financial Times M&A

Davos dealmakers say pressure to return cash to investors will push buyout houses to sell investments despite low valuations

Equity 111

More Trending

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TPRM 101: What Is Third-Party Vendor Contract Management?

N Contracts

The average community bank or credit union has between 400 and 600 vendor agreements. That’s a lot of contracts to manage. Without a standardized and centralized approach to contract management, there’s no way for a financial institution to truly understand its third-party risk or the controls available to manage it.

Banking 105
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Hipgnosis Songs Fund adviser offers to drop clause on music rights

Financial Times M&A

Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs

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Recreating a Nearly Defunct, But Long Admired, Watch Brand

NYT M&A

As Breitling takes over Universal Genève, it reveals its strategy for making the brand successful again.

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Backgammon, wine and AI: DD’s dispatch from Davos

Financial Times M&A

Plus, Morgan Stanley’s new boss faces a narrowing gap with Goldman Sachs and the billionaire behind Zara buys up real estate

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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 Appraisal Reviews for $3 – The Devaluation of Appraisers by Anna Richardson

Appraisers Blog

Appraisal reviews for $3!

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Uber Could Be Brewing A Plan To Enter Grocery Sector: Instacart Stock Spikes On Acquisition Whispers

Benzinga

Uber Technologies Inc (NYSE: UBER ) is reportedly considering the acquisition of grocery delivery company Instacart, according to a recent analyst report. The news has significantly impacted Instacart’s (NASDAQ: CART ) stock, which experienced a notable surge. What Happened : Barron’s reported on Wednesday that Instacart’s stock price saw a substantial increase on Wednesday following speculation by a Wolfe Research analyst, Deepak Mathivanan , that the company could be a potent

EBITDA 98
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Davis Polk Partner Fires Back At Ex-Associate Suing Firm

Law 360 M&A

A Davis Polk & Wardwell LLP partner told a Manhattan federal jury Thursday that a Black attorney who claims he was fired for airing diversity concerns had turned in "unusable" work, testimony that followed a brief bid to impugn the partner's own performance.

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Sony’s fraught Zee deal in India reveals Hollywood’s struggle to crack Bollywood

Financial Times M&A

The Japanese conglomerate sought to save the Indian media company but has failed to close the deal

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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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Kirkland, LEX Guide JBT's €3.5B Bid For Icelandic Rival

Law 360 M&A

U.S. food processing technology giant JBT Corp. said Friday that it will launch a fresh €3.5 million ($3.8 billion) offer for Marel HF, after the Icelandic rival rejected two previous bids.

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This Japanese buyer is paying up to find a US home for growth

Financial Times M&A

Helped by low domestic interest rates, Sekisui is the latest Japanese company to strike a cross-border deal

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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Anna Richardson

Appraisers Blog

Appraisal reviews for $3!

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Cybersecurity Biz IronNet's Equity Swap Ch. 11 Plan OK'd

Law 360 M&A

IronNet Inc., a cybersecurity firm founded by a former head of the NSA, received court approval Thursday for its Chapter 11 plan to exchange secured debt for equity in a reorganized business, telling a Delaware bankruptcy judge that it had resolved all concerns related by interested parties.

Equity 74
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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching. Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guid

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Spirit Airlines Navigates Financial Turmoil Amid JetBlue Airways Merger Fallout

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) is grappling with financial uncertainties after a federal judge rejected its $3.8 billion deal with JetBlue Airways Corporation (NASDAQ: JBLU ). The decision, based on antitrust concerns, has forced Spirit to reassess its options in the wake of near-term debt maturities, with approximately $1.1 billion due in September 2025.

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Benchmark International Successfully Facilitated The Management Buyout Of United Wholesale Supply, Inc.

Benchmark Report

Benchmark International, a leading global M&A advisor to the middle market, proudly announces the successful management buyout of United Wholesale Supply, Inc., a prominent provider of cabinets and appliances in the Puget Sound region. This strategic transaction marks a new chapter in United Wholesale’s legacy, ensuring its continued growth and innovation under the stewardship of its dedicated leadership team.

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AMA: Alejandra de Brunner, founder of the ETHOS Network

Vested

Alejandra de Brunner reveals the story behind the incredible social media network ETHOS. And how they're making meaningful conversations among young people happen.

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How to Value a Hair and Nail Salon

Equilest

To delve deeper into the intricacies of salon valuation, let's explore specific strategies and best practices that can enhance the value of your hair and nail salon. From leveraging social media for brand promotion to implementing customer loyalty programs, there are numerous tactics that can contribute to the overall success of your salon business.

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The future of AI is guided by ethics and innovation

Avanade

Avanade’s Regional Data & AI Lead for Australia Lourens Swanepoel shares what the future of AI holds in 2024 for Australian businesses and individuals.

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Why Should You Consider Integrating TDR in Real Estate Plans?

RNC

Imagine you have a piece of land that holds immense potential for development. Now, what if you could leverage that potential to not only increase the value of your land, but also contribute to a more sustainable future? This is where the strategic integration of TDR in real estate planning comes into play. Think of your property as a valuable asset , like a versatile toolkit.

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Microsoft Asks To Depose Sony, Ubisoft In FTC Challenge

Law 360 M&A

Microsoft is asking a Federal Trade Commission administrative judge for authority to join in on the FTC's upcoming deposition of executives from Sony and Ubisoft, saying its inclusion in the proceedings would help it defend its acquisition of Activision Blizzard.

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Tempur Sealy Analyst Has 4 Reasons For Turning Bullish Ahead Of Mattress Firm Deal

Benzinga

Tempur Sealy International Inc (NYSE: TPX ) is progressing to close the Mattress Firm acquisition this year. The Lexington, Kentucky-based company has emerged as a “dominant” player in the mattress industry and its multi-year growth outlook is “becoming highly attractive to long-term investors,” according to Piper Sandler. The Tempur Sealy International Analyst: Peter Keith upgraded the rating for Tempur Sealy International from Neutral to Overweight, while raising the pr

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STX Sues Fintech Co. In Chancery For Breached Walmart Deal

Law 360 M&A

STX Business Solutions filed a lawsuit in Delaware Chancery Court against Financial-Information-Technologies and several affiliates, alleging they deliberately skipped a profitable Walmart deal to avoid paying agreed-upon earnings under a sale agreement.

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What’s Stopping Your from Selling Your Business?

Quantive

Business owners often procrastinate in planning their exit.

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???????Kirkland, Paul Hastings Guide PE Firm's Fintech Biz Buy

Law 360 M&A

Technology-focused private equity firm Welsh Carson Anderson & Stowe, advised by Kirkland & Ellis LLP, announced Thursday it has agreed to buy a majority interest in financial technology business EquiLend, which is represented in the deal by Paul Hastings LLP.

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Protecting tax accounting information: Best practices for IT professionals in data security and confidentiality

ThomsonReuters

Jump to: 1. How IT professionals can protect tax information at accounting firms 2. A modern approach to tax data security 3. How are firms using modernized technology? Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information. Any compromise in data security can lead to severe consequences, including financial losses, legal implications, and damage to the firm’s reputation.

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UFC Loses Bid To End Wage Suppression Case Ahead Of Trial

Law 360 M&A

A Nevada federal court refused Thursday to let Ultimate Fighting Championship avoid a slated April trial on claims alleging the company suppressed fighter wages by up to $1.6 billion, and also refused to exclude crucial expert opinions from the case.

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Why Homebuilding Company M.D.C. Holdings Shares Are Rocketing Today

Benzinga

M.D.C. Holdings Inc (NYSE: MDC ) shares are trading higher after the company disclosed a merger deal with Japan’s Sekisui House. As per the definitive deal, Sekisui House will acquire MDC in an all-cash transaction for a price per share of $63.00 in cash at an equity value of $4.9 billion (around JPY688 billion at a JPY : USD conversion rate of 140:1).

Equity 52
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Trian Prepares To Launch Another Proxy War Against Disney

Law 360 M&A

Activist investor Trian Fund Management has embarked on yet another battle with the Walt Disney Company, filing a preliminary proxy statement with the U.S. Securities and Exchange Commission on Thursday concerning its nomination of Trian CEO Nelson Peltz and former Disney CFO James Rasulo to Disney's board of directors.

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