May, 2022

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How Your Mindset Changes With Wealth

Banker on FIRE

Your money mindset is guaranteed to evolve as you grow your net worth. Today, we discuss three discrete mindset changes - and why your journey to financial independence will take longer than you think. The post How Your Mindset Changes With Wealth appeared first on Banker on FIRE.

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Swedish Match: how not to behave when you are kissed on the dick by a rainbow

Bronte Capital

There are confirmed rumours that Swedish Match, a Swedish company focussed on oral nicotine delivery (snus, chewing tobacco and most importantly "modern oral") is in advanced merger talks with Philip Morris. I am furious. Swedish Match is about a ten percent position for my fund - and a core holding. We own about 1 percent of the company. The management lucked-in when they came up with what is in my opinion the best nicotine product ever invented and hence founded the whole category of "modern o

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Sun Acquisitions welcomes Ken Cisneros as a Senior M&A Advisor

Sun Acquisitions

Sun Acquisitions is pleased to announce that Ken Cisneros has joined our team as a Senior Advisor. Ken brings over 30 years of experience in executive leadership, sales and operations. Ken’s career began as a business intermediary selling privately held companies to investors. After his time as a business intermediary, Ken held several executive leadership positions with expanded sales and operations.

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Black Duck Open Source Audits: Working through licensing issues like a pro

Synopsys: M&A

It’s critical to have the right people and approach when it comes to understanding and resolving licensing issues in open source audits. The post Black Duck Open Source Audits: Working through licensing issues like a pro appeared first on Application Security Blog.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Major Reforms Proposed for UK Merger Control: What Dealmakers Need to Know

Cooley M&A

On April 20, 2022, the UK government announced wide-ranging reforms to UK competition and consumer law policy , including significant threshold changes to the UK merger control regime. In particular, while the government aims to retain the UK’s voluntary and non-suspensory merger regime, the proposed reforms plan to expand the already extensive ability of the UK’s Competition and Markets Authority (CMA) to scrutinize mergers.

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Greatest Hits: Volume 33

Banker on FIRE

The art of losing money, busted myths, and crazy charts. Also, three years of FIRE - and why it doesn't require delayed gratification. Finally, the one manifestation of frugality you didn't expect! The post Greatest Hits: Volume 33 appeared first on Banker on FIRE.

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Swedish Match takeover rumours

Bronte Capital

There is an article just out that Swedish Match is in advanced merger talks with Philip Morris at a price of about USD15 billion. At Bronte we own 15.1 million shares in Swedish Match - or about 1 percent of the company. We believe the future for Swedish Match is considerably better than the price reflected and we are not happy with this offer. We will consider our future actions.

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When to Sell a Business

Sun Acquisitions

People typically start businesses for one of four major reasons: For the lifestyle. For the money (they hope to make when they eventually sell). As a legacy and for posterity. To change the world. Regardless of the reason for setting out to establish a business, a fair number of people eventually wind up thinking of selling. And the question of when should you sell a business inevitably comes up.

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California Superior Court Strikes Down Director Diversity Mandate

Shearman & Sterling

On May 13, 2022, Judge Maureen Duffy Lewis of the Superior Court of the State of California for Los Angeles County entered judgement in favor of three taxpayers bringing state constitutional challenges to S.B. 826, a bill for a California law that required the boards of California corporations to include women. Crest v. Padilla, Case No. 19 STCV 27561 (Cal.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Delaware bar recommends DGCL amendments, including officer exculpation charter provisions

Cooley M&A

The Council of the Corporation Law Section of the Delaware State Bar Association has provided recommendations to the Delaware General Assembly for a number of changes to the Delaware General Corporation Law, some of them significant, such as an amendment authorizing charter provisions that would eliminate the personal liability of specified officers for breaches of the duty of care—basically, an extension of DGCL Section 102(b)(7).

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Private Equity’s Playbook

McCombie Group

This article was originally published in Forbes. Private equity’s (PE) playbook for creating investment value is relatively basic and straightforward (though not necessarily easy). Building on my prior article, The Alchemy of Private Equity Explained, this article delves into the strategies and tactics used by PE investors to boost EBITDA (Earnings before Interest, Taxes, Depreciation,… The post Private Equity’s Playbook appeared first on McCombie Group.

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Perspectives on Private School, One Year In

Banker on FIRE

Almost a year ago, we sent our daughter off to a private school. Here are some of the things we know now - and wish we knew earlier. The post Perspectives on Private School, One Year In appeared first on Banker on FIRE.

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The True Cost of Selling Without an Advisor

Sica Fletcher

The Numbers Are In, and They Are Staggering In our April 2022 blog , we announced that Sica | Fletcher had completed the most comprehensive study in the history of our industry on multiples paid in insurance agency and brokerage acquisitions. We did this by aggregating and analyzing the data on the nearly 400 closed transactions on which Sica Fletcher has advised over the past three years.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Where to Sell a Business

Sun Acquisitions

Where do business owners go to list their businesses for sale? If you’re wondering where to sell a small business, you’re in the right place. As seasoned M&A brokers, we’ve dealt with our fair share of buyers and sellers, and here are the top 6 places we recommend you consider selling your business. 1. Local Chamber of Commerce. Investopedia.com defines a chamber of commerce (CC) as an: “… association or network of businesspeople designed to promote and protect the interests of its members

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Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

Shearman & Sterling

On May 13, 2022, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery dismissed certain stockholder derivative claims for breaches of fiduciary duty brought against the founder-CEO and other directors of Flashpoint Technology, Incorporated (the "Corporation"). SDF Funding LLC v. Fry, C.A. No. 2017-0732-KSJM (Del. Ch. May. 13, 2022).

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Timing is Everything when Selling your Business

Lake Country Advisors

If you’ve been thinking about executing your exit strategy in the near future, here’s a few things to consider: Interest rates are still favorable, which adds value to your company. Investment funds are still on the sideline waiting for profitable opportunities. Premium prices are being paid for companies with infrastructure and deep human capital 21st Century There have been two recessions in the 21st Century, each one worse than the one before.

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Evils of Dowry and Cruelty in India: A Legal Analysis

Law Essentials

This blog is written by Snehasis Behera, a 3rd year BBALLB student of KIIT School of Law, Bhubaneswar, Odisha

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Greatest Hits: Volume 32

Banker on FIRE

The rich and the wealthy, losing the plot, and the paradox of choice. Also, all the possible ways to protect your money from inflation. Finally, is investing never going to be as easy again? The post Greatest Hits: Volume 32 appeared first on Banker on FIRE.

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As the private credit market grows will the risks increase?

Barkclays

Given the rapid growth of the private credit market, Research analysts Jeff Meli and Brad Rogoff debate the tradeoffs issuers and investors may face and whether the benefits outweigh the risks for both - and the wider economy. Given the rapid growth of the private credit market, Research analysts Jeff Meli and Brad Rogoff debate the tradeoffs issuers and investors may face and whether the benefits outweigh the risks for both - and the wider economy.

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The Biggest Money Decisions Of Your Life

Banker on FIRE

On the BIG 5 money decisions you absolutely have to get right in your life. The post The Biggest Money Decisions Of Your Life appeared first on Banker on FIRE.

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When The Stock Market Makes You Cry

Banker on FIRE

What to do when the stock market deals a terrifying blow. The post When The Stock Market Makes You Cry appeared first on Banker on FIRE.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Doubling Down

Banker on FIRE

On the absolute best way to make money in today's market environment. The post Doubling Down appeared first on Banker on FIRE.

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Delaware Court Of Chancery Denies Motion To Dismiss Breach Of Fiduciary Duty And Unjust Enrichment Claims Related To Compensation Committee Awards

Shearman & Sterling

On April 27, 2022, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery denied, in part, a motion to dismiss a derivative complaint against directors for breaches of fiduciary duties brought by stockholders of Universal Health Services Inc. (the "Corporation"). Knight v. Miller, C.A. No. 2021-0581-SG (Del. Ch. Apr. 27, 2022). Plaintiff, a stockholder, alleged that the directors serving on the board's compensation committee took advantage of an "obvious dip" in

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Finding That Allegedly Conflicted Acquisition Satisfied Entire Fairness Review, Delaware Court Of Chancery Rejects Breach Of Fiduciary Duty Claims

Shearman & Sterling

On April 27, 2022, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery entered judgment in favor of defendant, the CEO/Founder and then-Chairman (the "Chairman") of Tesla Motors, Inc. (the "Company"), following a trial on derivative claims for breach of fiduciary duty asserted by stockholders in connection with the Company's acquisition of SolarCity Corporation (the "Target").

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Grounds of Divorce in India: A Review under Personal Laws

Law Essentials

This blog is written by Snehasis Behera, BBA LLB 3rdyear student of KIIT School of law, Bhubaneswar, Odisha

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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California Superior Court Strikes Down Director Diversity Mandate

Shearman & Sterling

On May 13, 2022, Judge Maureen Duffy Lewis of the Superior Court of the State of California for Los Angeles County entered judgement in favor of three taxpayers bringing state constitutional challenges to S.B. 826, a bill for a California law that required the boards of California corporations to include women. Crest v. Padilla, Case No. 19 STCV 27561 (Cal.

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Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

Shearman & Sterling

On May 13, 2022, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery dismissed certain stockholder derivative claims for breaches of fiduciary duty brought against the founder-CEO and other directors of Flashpoint Technology, Incorporated (the "Corporation"). SDF Funding LLC v. Fry, C.A. No. 2017-0732-KSJM (Del. Ch. May. 13, 2022).

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Finding That Allegedly Conflicted Acquisition Satisfied Entire Fairness Review, Delaware Court Of Chancery Rejects Breach Of Fiduciary Duty Claims

Shearman & Sterling

On April 27, 2022, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery entered judgment in favor of defendant, the CEO/Founder and then-Chairman (the "Chairman") of Tesla Motors, Inc. (the "Company"), following a trial on derivative claims for breach of fiduciary duty asserted by stockholders in connection with the Company's acquisition of SolarCity Corporation (the "Target").