June, 2024

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IVSC Perspectives Paper: Inspection of Tangible Assets

IVSC

IVSC has issued a new Perspectives Paper focusing on the inspection of tangible assets in the valuation process. This paper, authored by the IVSC Tangible Assets Board, explores the topic of valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments.

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Board effectiveness: A survey of the C-suite

Harvard Corporate Governance

Posted by Carin Robinson, PricewaterhouseCoopers LLP, on Tuesday, June 4, 2024 Editor's Note: Carin Robinson is Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. Against a backdrop of increasing fragmentation and complexity, companies are seeking to develop and execute coherent strategies, and corporate governance needs to keep pace, with directors addressing more topics and fielding input from more stakeholders.

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Trending Sources

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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian

NYT M&A

VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

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From ripples to waves: The transformational power of tokenizing assets

Mckinsey and Company

Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage.

Banking 145
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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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Regulation Struggles To Keep Pace With Global Gig Economy

Global Finance

As outsourcing to freelancers spreads, lawmakers and regulators around the world are scrambling to keep pace. Accordingly, companies working the new trend into their business model must be wary of running afoul of a fast-changing legal and regulatory landscape. Due diligence can be especially tricky for firms that use freelancers located in multiple jurisdictions—even within countries, such as the US, that have federal systems.

Start-ups 126
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Private equity gets carried away in the UK

Financial Times M&A

Plus, how David Ellison’s bid for Paramount collapsed and the steep geopolitical battle to buy a US ammunitions maker

Equity 125

More Trending

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Pro-ESG Shareholder Proposals Regaining Momentum in 2024

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, June 3, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Jun Frank. Governance is back on focus this proxy season, with both the volume and support on proposals aiming to enhance shareholder rights and companies’ governance practices gaining steam.

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Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier

NYT M&A

The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.

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Tech services and generative AI: Plotting the necessary reinvention

Mckinsey and Company

The rapid emergence of generative AI has the potential to disrupt a dynamic the sector has relied on for decades, but it also offers an opportunity to tap a lucrative new market.

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Chicago Cannabis Company Green Thumb Proposes Merger With Boston Beer, Eyes Stock Listing

Benzinga

Chicago-based cannabis producer Green Thumb Industries (OTCQX: GTBIF ) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE: SAM ), the iconic American brewer behind Sam Adams lager. Green Thumb Seeks Stock Exchange Listing Green Thumb’s primary motivation for the move appears to be gaining access to a major U.S. exchange.

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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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Alternative Financing Comes Of Age

Global Finance

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

Finance 124
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Is Lazard’s new boss lonely at the top?

Financial Times M&A

Plus, EQT’s Jean Salata on China’s investment risks and why the UAE wants to team up with the US on artificial intelligence

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Measure of Leadership: CEOs and Directors on Navigating Change

Harvard Corporate Governance

Posted by Jason Baumgarten, Julie Daum, and George Anderson, Spencer Stuart, on Thursday, June 27, 2024 Editor's Note: Jason Baumgarten is Global Board & CEO Practice Leader, Julie Daum is Board & CEO Practice Co-leader, North America, and George Anderson is Leader, Board Effectiveness Services, North America at Spencer Stuart. This post is based on a Spencer Stuart memorandum by Mr.

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How Pet Care Became a Big Business

NYT M&A

People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.

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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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Navigating the generative AI disruption in software

Mckinsey and Company

The technology could accelerate growth, but presents new challenges, including shifts in value pools, user segments, and competitive dynamics that could spur a realignment of product categories.

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Nvidia To Acquire Shoreline.Io For $100M As Jensen Huang-Led AI Stalwart Aims To Cut Revenue Reliance On Microsoft, Amazon And More: Report

Benzinga

Nvidia Corp. (NASDAQ: NVDA ) has reportedly agreed to acquire Shoreline.io , a software startup, for an estimated $100 million. What Happened : The acquisition deal was recently finalized, according to sources familiar with the matter, as reported by Bloomberg on Tuesday. The sources, who chose to remain anonymous, disclosed that the deal values Shoreline at approximately $100 million.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.

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Octopus Energy to repay £3bn of state support used to take over Bulb

The Guardian M&A

The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothing Business live – latest updates Octopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb. Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb.

Treasury 110
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DEI Metrics in Executive Compensation

Harvard Corporate Governance

Posted by Umesh Chandra Tiwari, ESGAUGE, on Wednesday, June 26, 2024 Editor's Note: Paul Hodgson is a Senior Advisor at ESG data analytics firm ESGAUGE. This post relates to a report authored by Mr. Hodgson based on data published by The Conference Board and ESGAUGE. June 29th marks the one-year anniversary of the landmark Supreme Court decision in Students for Fair Admissions v.

Equity 274
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Paramount’s Deal With Skydance Falls Apart

NYT M&A

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.

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The state of AI in early 2024: Gen AI adoption spikes and starts to generate value

Mckinsey and Company

As generative AI adoption accelerates, survey respondents report measurable benefits and increased mitigation of the risk of inaccuracy. A small group of high performers lead the way.

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Psychedelics-Focused Numinus Plans To Leverage This AI Technology Via New Strategic Acquisition

Benzinga

Psychedelics-focused mental healthcare company Numinus Wellness Inc. (TSX: NUMI ) (OTCQX: NUMIF ) (FSE: LR23) plans to take over MedBright AI Investments Inc. (CSE: MBA ). The proposed transaction comes as the Vancouver-based company reorganizes its operations with a near-term strategic plan toward generating positive EBITDA. What Happened Numinus announced the execution of a letter of intent Thursday to acquire MedBright which deploys artificial intelligence and machine learning to allow medica

EBITDA 119
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DBS Equity Capital Markets Head Art Karoonyavanich On A Decade Of Growth

Global Finance

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. The Investment Banking unit, which sits within DBS’ newly formed Global Financial Markets group, has already marked a stellar year, further solidifying the bank’s capital markets presence in key regions like Singapore, mainland China, Hong Kong, In

Equity 111
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Types of Synergies achieved through M&A

Benchmark Report

Synergies are achieved by combining two companies to improve overall performance, create scale, lower costs, and eliminate redundancies. We recently shared an article covering the many possible cost synergy benefits of mergers and acquisitions, but it’s important to remember that cost synergies differ from revenue and financial synergies. Let’s delve into the differences between the latter two.

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The Original Public Meaning of Investment Contract

Harvard Corporate Governance

Posted by Edward Lee (Santa Clara Law), on Saturday, June 1, 2024 Editor's Note: Edward Lee is a Professor of Law at the Santa Clara University School of Law, starting in August 2024. This post is based on his recent article forthcoming in the U.C. Davis Law Review. The Securities Act of 1933 defines “ security ” by identifying twenty examples of financial instruments or interests that constitute securities.

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U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI

NYT M&A

The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.

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Decarbonizing logistics: Charting the path ahead

Mckinsey and Company

Companies need to reduce their logistics emissions to meet decarbonization targets, but a new McKinsey survey finds that few companies have clear plans to do so. What is the best path forward?

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Bullish Sentiment Soars For Robinhood As Stock Rises With Bitstamp Acquisition

Benzinga

Robinhood Markets Inc (NASDAQ: HOOD ) closed at $22.97 on Thursday, recording a 6.49% gain. On Friday, the stock was up 3.35% by 6 a.m. ET in pre-market trading. Robinhood’s rally comes on the heels of the company’s acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The all-cash deal is expected to close in the first half of 2025.

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Best Financial Innovations 2024

Global Finance

Technology advances bring the high-touch experience to more clients, large and small. While geopolitical tensions, rising oil prices and financial stress are being felt globally, financial institutions understand that innovation during tough times isn’t just about survival but about positioning for future success. Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies.

Banking 109
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Cost Segregation Study Considerations for Real Estate Investors

Trout CPA

Written by Geoffrey Kaufman, CPA, MBA As real estate investors look to optimize the financial performance of their portfolios, one often overlooked but highly effective strategy is the utilization of cost segregation studies. These studies can significantly enhance cash flow by accelerating depreciation deductions. In this article, we will delve into cost segregation studies and explore why property owners should consider incorporating them into their financial planning.

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Diversity, Equity, and Inclusion in the 2024 Proxy Season: A New Era of Scrutiny

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Thursday, June 13, 2024 Editor's Note: Merel Spierings is a Senior Researcher at The Conference Board. This post was authored by Ms. Spierings and is based on voting data published by The Conference Board and ESGAUGE in collaboration with Russell Reynolds Associates and The Rutgers Center for Corporate Law and Governance.

Equity 248
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Big Tech’s A.I. Takeover and the Slow Death of Silicon Valley Innovation

NYT M&A

The leading companies are co-opting Silicon Valley’s traditional cycle of disruption.

Start-ups 144
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Managing the risks around generative AI

Mckinsey and Company

The transformational technology will require every member of an organization to be a risk professional.

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Nokia To Acquire Infinera: Infinera's Stock Soars

Benzinga

Infinera Corporation (NASDAQ: INFN ) shares are trading higher Thursday after the company announced Nokia Corp (NYSE: NOK ) will acquire the company in a transaction valuing Infinera at $6.65 per share. The Details: The companies announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of $2.3 billion.