Fri.Aug 09, 2024

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Generative AI: How will it affect the future of work in Australia?

Mckinsey and Company

Generative AI is already affecting the working world. But, with this technology’s continual, rapid evolution, what does the future of work look like? Two McKinsey experts give their opinions.

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Strengthen Your BV Research With the New Research and Data Assistant

BVR

Business Valuation Resources (BVR) is excited to announce the launch of its cutting-edge Research and Data Assistant (RADA), now available to all BVResearch Pro subscribers.

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Trending Sources

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Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay

NYT M&A

After purchasing Twitter, Mr. Musk failed to cash out Omid Kordestani’s stock, according to allegations in a new lawsuit.

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Croke Fairchild Adds Ex-Chicago Transactions Lead

Law 360 M&A

Chicago-based Croke Fairchild Duarte & Beres LLC announced Friday the hiring of a general counsel at venture firm Anzu Partners who was a former head transaction attorney for the corporate department of the city of Chicago.

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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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Investment platform Hargreaves Lansdown agrees £5.4bn takeover

The Guardian M&A

Big payday for founders after offer by private equity consortium that means London stock market exit Hargreaves Lansdown has agreed a £5.4bn takeover by private equity suitors that will give hundreds of millions of pounds to its billionaire founders and result in the investment supermarket becoming the latest company to leave the London stock market.

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Delivering on construction productivity is no longer optional

Mckinsey and Company

Why the construction industry must climb out of its productivity rut—and why it hasn’t yet.

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More Trending

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Comment on Accurate Appraisal Underreporting by Jason

Appraisers Blog

In reply to Baggings. Yes, I immediately revised this feature. You can’t even describe the condition of the flooring without a “bad” word these days. Needless to say, I don’t sleep very well lately due to the anxiety the GSE’s & HUD have created. It’s like playing “whack a mole” every time I complete an assignment – It’s exhausting.

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A new movie and book try to shed light on homelessness

Norman Marks

This is an unusual post for me, but the topic is important. I was privileged to receive a pre-release copy of “No Address”.

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Comment on Accurate Appraisal Underreporting by PJTC

Appraisers Blog

In reply to Jason. Be assured there is a master plan at work. These are sharks not nieve lambs. It will eventually become apparent in the coming months.

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Analysts Applaud Penn Entertainment's Strong Earnings But Are Divided On Future Prospects

Benzinga

Penn Entertainment Inc (NASDAQ: PENN ) beat earnings consensus estimates in its second quarter. However, analysts are still divided on whether the company can compete with competitors. The Penn Analysts: The following analysts published PENN notes on Thursday. Benchmark analyst Mike Hickey issued a Hold rating. Truist analyst Barry Jonas issued a Buy rating with a price target of $25.

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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 Accurate Appraisal Underreporting by Jason

Appraisers Blog

In reply to AppraisersBlogs Team. It just makes no sense. If appraisers die on the vine, AMC’s will have nothing left to pillage.

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Why Is Electronic Equipment Company Iteris Stock Jumping Premarket Friday?

Benzinga

Iteris, Inc. ‘s (NASDAQ: ITI ) stock surged Friday morning after private Italian digital innovation group Almaviva S.p.A. agreed to acquire the company in a $335 million all-cash deal. As per the terms, Iteris shareholders will receive $7.20 per share. The cash purchase price represents a 68% premium over Iteris’s closing share price on August 8, 2024.

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Why more SMEs should embrace the EMI scheme

Vested

From navigating the intricacies of funding to surmounting the ever-present challenges of talent acquisition and retention, SMEs are in a perpetual state of adaptation and growth.

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Pitney Bowes' E-Commerce Arm Can Tap $47M DIP In Ch. 11

Law 360 M&A

A Texas bankruptcy judge on Friday gave DRF Logistics LLC the go ahead to borrow $45 million under a Chapter 11 loan funded by its former parent, shipping company Pitney Bowes Inc., which let go of its majority stake in DRF to wind down the unprofitable e-commerce division in bankruptcy.

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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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What Does the Valuation Process Entail for an Oil and Gas Royalty Interest?

Auto Dealer Valuation Insights

A lack of knowledge regarding the worth of a royalty interest could be very costly. This can manifest itself in a number of ways. A shrewd buyer may offer a bid far below the interest’s fair market value; opportunities for successful liquidity may be missed; or estate planning could be incorrectly implemented based on misunderstandings about value.

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Ex-Twitter Board Member Says X Owes Him $23M From Stock

Law 360 M&A

A former member of Twitter's board of directors who helped oversee the sale of the social media company to Elon Musk in 2022 claimed X Corp. owes him more than $23 million worth of vested and unvested shares, according to a lawsuit filed Friday in California state court.

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Build, Buy, or Outsource

Auto Dealer Valuation Insights

Advising clients on estate planning is a core service offered by wealth management firms, and the best tool for meeting estate planning objectives is often some sort of trust. This dynamic places trust companies closely adjacent to wealth management firms: in some instances, as competitors, in other instances as referral sources.

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Biotech Firms Mull Acquisition Offers Amid Shaky IPO Climate

Law 360 M&A

Amid a shaky outlook for initial public offerings, more private biotechnology firms are exploring acquisition offers from larger pharmaceutical companies as a more certain exit strategy, according to experts who advise emerging drug developers.

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July 2024 SAAR

Auto Dealer Valuation Insights

The July 2024 SAAR came in at 15.8 million units, a 4.2% increase from last month and roughly flat with July 2023 (-0.8%). While the month-over-month increase was expected based on the CDK cyber-attack that hit the auto dealer industry in late June, we find it notable that results were still below last year.

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5 Insights Into FDIC's Final Rule On Big-Bank Resolution Plans

Law 360 M&A

Although the Federal Deposit Insurance Corp.'s recently finalized rule expanding resolution planning requirements for large banks was generally adopted as proposed, it includes key changes related to filing deadlines, review and feedback, and incorporates lessons learned — particularly from last year's bank failures, say attorneys at Cleary.

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Merck's $1.3B Deal For Potential Autoimmune Disorder Candidate Is Relevant To Cullinan's Investigational Drug, Says Analyst

Benzinga

On Friday, Merck & Co Inc (NYSE: MRK ) agreed to acquire CN201, an investigational clinical-stage bispecific antibody for B-cell-associated diseases, from privately-held Curon Biopharmaceutical. “We continue to identify opportunities to expand and diversify our pipeline,” said Dr. Dean Y. Li, president of Merck Research Laboratories. “Early clinical data have provided robust evidence for the potential of CN201 to target and deplete circulating and tissue B cells with the po

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Wash. AG Says Kroger Refusing To Delay Merger For Ruling

Law 360 M&A

The Washington Attorney General's Office told a state court Thursday that Kroger will not agree to put off closing its planned merger with Albertsons until after a final ruling in the state's merger challenge, but the companies say they've already agreed not to finalize the deal until litigation plays out in another state.

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What's Going On With SoundHound AI Stock Friday?

Benzinga

SoundHound AI, Inc. (NASDAQ: SOUN ) stock is trading lower Friday after the company reported an upbeat second-quarter print, boosted its guidance, and announced a fresh acquisition Thursday. The voice AI and speech recognition company reported revenue of $13.5 million, up 54% year over year and beating the analyst consensus estimate of $13.1 million.

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Kraft-Heinz Investor Can't Revive Del. Insider Trading Suit

Law 360 M&A

Attorneys for a Kraft Heinz stockholder lost a bid to convince Delaware's Court of Chancery that new evidence justified reopening a dismissed suit alleging that company insiders with ties to a controlling investor, Brazilian private equity firm 3G Capital Inc., sold $1.2 billion worth of shares on nonpublic information.

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Why Is Software Company Five9 Stock Diving Premarket Friday?

Benzinga

Five9, Inc. (NASDAQ: FIVN ) shares are trading lower after the company reported second-quarter 2024 results. Revenue was $252.1 million, beating the consensus of $245.2 million. Adjusted gross margin stood at 60.5%, down from 61.8% last year. Adjusted EBITDA rose to $41.8 million from $41.5 million a year ago. Operating cash flow came in at $19.9 million in the quarter.

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Lucid Narrows Securities Suit Over EV Production Targets

Law 360 M&A

A California federal judge has trimmed a suit alleging electric-vehicle startup Lucid Group Inc. misled investors about its production target, trimming the case down to four out of 30 statements the investors said were misleading.

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Optometry Equipment Appraisals

Peak Business Valuation

The vision of millions depends on the expertise of medical professionals around the world. These professionals, in turn, depend on their optometry machinery and equipment. A business with this equipment must understand its value. An equipment appraisal offers a deeper look into the value of optometry equipment. It is essential when buying , selling , or growing a business.

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Amynta Lodges Fraud Suit In Chancery Over $105M Merger

Law 360 M&A

An affiliate of multinational insurance services provider Amynta Group filed a lawsuit on Friday in Delaware's Court of Chancery against two top officers of Clearview Risk Holdings Inc., accusing both of playing a role in a multiyear Ponzi scheme allegedly designed to protect post-deal earnouts after a purportedly overpriced $105 million merger.

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Abu Dhabi’s ADQ buys stake in Patrick Drahi’s Sotheby’s

Financial Times M&A

The $1bn cash injection comes as entrepreneur’s telco empire is struggling with mounting debts

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4 Firms Guiding Italian IT Firm Almaviva's $335M Iteris Buy

Law 360 M&A

Italian digital innovation group Almaviva S.p.A. has agreed to purchase Austin, Texas-based infrastructure management provider Iteris Inc. for approximately $335 million equity value, Iteris said in a statement Friday.

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RedBird IMI whittles down shortlist for Telegraph sale

Financial Times M&A

European media group Mediahuis and Lord Maurice Saatchi set to fall out of auction

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News Corp. Mulls Sale Of Australia's Foxtel Group

Law 360 M&A

Media conglomerate News Corp. disclosed in its fourth-quarter earnings report that it is entertaining external interest in its majority-owned Foxtel Group, the Australian pay television company that provides cable, satellite and on-demand television services.

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Hargreaves Lansdown buyout leaves some funds out in the cold

Financial Times M&A

Retail investors may be tempted to join investment business’s co-founder and stick around for a while

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Merck To Buy Autoimmune Treatment Drug For Up To $1.3B

Law 360 M&A

Pharmaceutical giant Merck, advised by Hogan Lovells, said Friday it has agreed to buy a novel, investigational, clinical-stage, bispecific antibody used to treat B cell-associated diseases from Goodwin Procter LLP-led Curon Biopharmaceutical for up to $1.3 billion.

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