Harvard Corporate Governance

SEPTEMBER 9, 2024

Posted by Szu Ho, Ira Kay, and Joadi Oglesby, Pay Governance LLC, on Monday, September 9, 2024 Editor's Note: Szu Ho is a Principal, Ira Kay is a Managing Partner, and Joadi Oglesby is a Consultant at Pay Governance LLC. This post is based on their Pay Governance memorandum. Introduction Thousands of companies, including more than 70% of the S&P 500 companies, grant performance stock units (PSUs) with relative total shareholder return (TSR) or stock price performance-vesting conditions.

Total Shareholder Return 179

Total Shareholder Return Marketability 179

NYT M&A

SEPTEMBER 9, 2024

How missed opportunities, a $1.5 billion real estate deal, all-you-can-eat shrimp and the global pandemic sank the country’s largest seafood chain.

Mergers & Acquisitions 145

Mergers & Acquisitions 145

Harvard Corporate Governance

SEPTEMBER 9, 2024

Posted by Ben Bates (Harvard Law School), on Monday, September 9, 2024 Editor's Note: Ben Bates is a Research Fellow at the Harvard Law School Program on Corporate Governance. This post is based on his recent paper. For the last decade and a half, boards of directors have been gradually rewriting their companies’ election bylaws. Specifically, boards have gradually added more and more disclosure requirements that shareholders must meet in order to nominate alternative board candidates.

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NYT M&A

SEPTEMBER 9, 2024

In a second antitrust trial that starts on Monday, the Justice Department has called for a breakup of the tech giant, which it says controls the vast majority of online advertising.

Technology 124

Technology Mergers & Acquisitions Marketability 124

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.

Marketability

Global Finance

SEPTEMBER 9, 2024

The intensifying competition between the United States and China over artificial intelligence (AI) is not merely an extension of their long-standing trade disputes; it is a critical battle that could reshape global power dynamics. Two recent developments have amplified the significance of this struggle: the war in Ukraine, which has vividly illustrated how AI, particularly in the form of AI-enhanced drones, can be weaponized, underscoring the technology’s lethal potential in modern warfare; and

Technology 111

Technology Marketability Banking Finance 111

Musings on Markets

SEPTEMBER 9, 2024

A few weeks ago, I posted on the corporate life cycle , the subject of my latest book. I argued that the corporate life cycle can explain what happens to companies as they age, and why they have to adapt to aging with their actions and choices. In parallel, I also noted that investors have to change the way they value and price companies, to reflect where they are in the life cycle, and how different investment philosophies lead you to concentrated picks in different phases of the life cycle.

Start-ups 109

Start-ups Marketability Market Capitalization Equity 109

Law 360 M&A

SEPTEMBER 9, 2024

Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.

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Global Finance

SEPTEMBER 9, 2024

Corporate treasury professionals are reassessing investment strategies to stay agile and conserve cash amid interest rate shifts and geopolitical uncertainty. Huge interest rate shifts and geopolitical uncertainties have prompted a major rethink by corporate treasurers as they steer their companies through an economic landscape that exposes them to risk and opportunity in equal measure.

Treasury 105

Treasury Banking Finance Dividends 105

Law 360 M&A

SEPTEMBER 9, 2024

A federal bankruptcy court has approved the sale of eight nursing homes in Western Pennsylvania and West Virginia as part of their owners' Chapter 11 reorganization, according to court orders issued Friday and Monday.

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Global Finance

SEPTEMBER 9, 2024

New tools and techniques, including AI and ML, are helping treasurers to optimize cash flow—and giving them a bigger role in strategic business decision making. Not that long ago, corporate treasurer—the top slot in every company’s green-eyeshade corps—was about the last position most observers would tag as strategic. While the job has always had a strong risk-management component, the basic task was simple: making sure the company has cash available, when and where it’s needed.

Treasury 97

Treasury Banking Finance Start-ups 97

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

Corporate Finance

BV Specialists

SEPTEMBER 9, 2024

It’s fortunate for those in the professional valuation industry that people have different opinions and perspectives on the same topics. Otherwise, there would be a lot less demand for independent appraisal work. In this utopian fantasy world, certified and accredited valuation reports would still be needed in certain markets, such as accounting, banking, and insurance requirements; however, much of the litigation work that appraisers take on would essentially be eliminated altogether.

Appraisal 88

Appraisal Banking Marketability 88

Appraisers Blog

SEPTEMBER 9, 2024

some are now living the nightmare…these law firms have seemingly unlimited funds to keep the heat on once the lawsuit is filed.in the case that’s on going now they also moved the goal post.it started out ” your appraised value is impossibly low “…now that they realize the lower value was correct and they want to move the goal post…I think it’s because they’re becoming desperate knowing there was never a reason to file this lawsuit in the first plac

Appraisal 76

Appraisal 76

Benzinga

SEPTEMBER 9, 2024

Reliance Global Group, Inc (NASDAQ: RELI ) (NASDAQ: RELIW ) provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction. Reliance Global is an InsurTech provider that leverages artificial intelligence and cloud-based technologies to transform and improve efficiencies in the insurance agency/brokerage industry.

Technology 69

Technology Marketability 69

Appraisers Blog

SEPTEMBER 9, 2024

The censorship of appraisers has done real damage to borrowers & the purchasers of bonds issued by the government-sponsored mortgage giants.

Appraisal 79

Appraisal 79

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.

Marketability

Financial Times M&A

SEPTEMBER 9, 2024

Former prime minister of Italy advocates biggest overhaul of competition enforcement since creation of single market

Marketability 102

Marketability 102

Appraisers Blog

SEPTEMBER 9, 2024

The harassment campaign aims to accelerate loan approvals, circumventing the appraisal process, which they view as an unnecessary obstacle.

Appraisal 79

Appraisal 79

Benzinga

SEPTEMBER 9, 2024

Post Holdings, Inc. (NYSE: POST ) is propelled by strategic initiatives amid a volatile consumer landscape marked by inflation, evolving preferences, and heightened competition in the staples sector. The company's established brand presence enables it to maintain a stable market position in the sector known for steady demand, as consumer staples are essential in daily life.

Marketability 59

Marketability 59

Appraisers Blog

SEPTEMBER 9, 2024

What we got, was 30+ years of complaints from the lenders and politicians who blamed appraisers for all of the lenders and political wrong doings.

Appraisal 75

Appraisal 75

Benzinga

SEPTEMBER 9, 2024

Pembina Pipeline Corporation (NYSE: PBA ) shares are trading higher after the company disclosed that its joint venture, Pembina Gas Infrastructure Inc. (PGI), reached agreements with Veren Inc. and its affiliates. PGI is a Western Canadian-focused gas processing entity jointly owned by Pembina and KKR & Co. (NYSE: KKR ). The deal includes the acquisition of Veren's Gold Creek and Karr area oil batteries, with a net purchase price of CAD$400 million (CAD$240 million net to Pembina), and

Equity 59

Equity 59

Financial Times M&A

SEPTEMBER 9, 2024

‘Gray Lady’ provides both an example and a cautionary tale for News Corp share structure

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Benzinga

SEPTEMBER 9, 2024

Progress Software Corporation (NASDAQ: PRGS ) shares are trading lower on Monday. The company entered a definitive deal to acquire ShareFile for $875 million, in a combination of cash and an existing revolving credit facility. ShareFile offers SaaS-native, AI-powered document-centric collaboration for sectors including business services, financial services, healthcare, and construction.

Dividends 59

Dividends Equity 59

Financial Times M&A

SEPTEMBER 9, 2024

London-listed Hostmore scraps proposed £177mn deal after American company loses control of key assets

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LaPorte

SEPTEMBER 9, 2024

(authored by RSM US LLP) Lifetime gifting with the use of family limited partnerships? Make sure there are no strings attached. The post Estate Planning Q&A: Family limited partnerships explained first appeared on LaPorte.

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Financial Times M&A

SEPTEMBER 9, 2024

Size of potential takeover is likely to spark antitrust concerns in both US and Japan but deal makes sense for Couche-Tard

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Law 360 M&A

SEPTEMBER 9, 2024

Satellite companies SES and Intelsat told the Federal Communications Commission they need regulators to approve their $3.1 billion merger, which was announced this spring, so they can better compete in a quickly advancing marketplace.

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Lighter Capital

SEPTEMBER 9, 2024

Revenue is the lifeblood of a SaaS business. Making strategic decisions requires knowing how much revenue your customers are bringing in, and even more importantly, how revenue is churning, or bleeding out of your business when customers cancel or don't renew their subscriptions. High revenue churn can suck the life out of your SaaS business, so it’s important to suss out issues early.

Start-ups 52

Start-ups B2B 52

Law 360 M&A

SEPTEMBER 9, 2024

A California federal judge on Monday denied a new trial request from an ex-Medivation Inc. executive found to have used the pharmaceutical company's inside information when he bought a rival's stock, and also ordered him to pay a $321,000 penalty in the U.S. Securities and Exchange Commission's "shadow trading" case.

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Auto Dealer Valuation Insights

SEPTEMBER 9, 2024

Our most faithful readers may recall our August 2019 post about the Nordstrom family preparing a bid to increase its ownership in the eponymous publicly traded retailer. At that time, an independent board committee was evaluating a proposal under which the Nordstrom family would acquire shares to push its ownership from approximately 31% to over 50% of the outstanding shares.

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Law 360 M&A

SEPTEMBER 9, 2024

Initial public offerings, debt issuances and M&A activity so far in 2024 have shown substantial increases over comparable periods in 2023, highlighting why counsel should educate clients on market trends and financing alternatives to proactively prepare them to be ready to take advantage of opportunities, say attorneys at Skadden.

Finance 52

Finance Marketability 52

Auto Dealer Valuation Insights

SEPTEMBER 9, 2024

Mercer Capital is sponsoring and attending the 3rd annual It’s All Relative Family Business Symposium presented by the University of Mississippi’s Center of Innovation and Entrepreneurship. The conference will be held September 10-11, in Oxford, Mississppi. Mercer Capital’s Travis W. Harms, CFA, CPA/ABV and John T. (Tripp) Crews, III, ABV are attending.

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Law 360 M&A

SEPTEMBER 9, 2024

A New York federal court has refused to toss a proposed class action from airline passengers who allegedly overpaid for flights while an agreement was in place between JetBlue and American Airlines, an alliance the airlines dropped after a successful government challenge.

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Global Finance

SEPTEMBER 9, 2024

The rise of enterprise AI AI adoption in banks has been supercharged by generative AI. But is this just another short-lived and overhyped technology? Or is it truly the start of a new revolution in financial services? The financial services industry has had several similar moments in the past decade, yet not all of them have resulted in true transformation.

Banking 52

Banking Start-ups Technology Compliance 52

Law 360 M&A

SEPTEMBER 9, 2024

After rejecting a nearly $40 billion buyout offer from Alimentation Couche-Tard Inc. last week, the parent company of 7-Eleven told the Canadian retailer Monday that it hasn't yet brought forth an offer that warrants "substantial discussions.

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Global Finance

SEPTEMBER 9, 2024

Czechia engineers a shift from heavy industry to green energy and high tech as it recovers from last year’s recession. In the years between the world wars, Czechoslovakia was the economic powerhouse of Central Europe, synonymous with such names as Skoda Autos, Tatra Truck, Jawa Motorcycles, Bata Shoes, and Bohemia Crystal, with the region’s highest living standard.

Start-ups 52

Start-ups Technology Finance Banking 52