Highlights of the Sep 28 issue:
  • Another big win for ESOP valuations vs. the DOL
  • Great turnout for the AAML/BVR National Divorce Conference
  • Take a fresh look at your long-term growth rate, says Grabowski
Not on the list? Subscribe today!
Subscribe
Be the first to know about changes affecting the business valuation profession. The BVWire ezine brings you current news every Wednesday. From the buzz of the latest professional conference or the best new financial research resources, to the impact of last week's tax case or to this week's IRS, FASB or Appraisal Foundation announcement, BVWire guarantees you won't miss a thing. It's free, it's fast to read, and it contains everything you need to know about the evolving business valuation profession.

Delaware Chancery rejects partnership valuation in a freeze-out

In a coordinated action involving 13 partnerships that were involved in freeze-out transactions by AT&T of minority shareholders, the court found that AT&T breached its fiduciary duties and effectuated the freeze-out through an unfair process and by paying an unfair price.

TAF issues exposure draft regarding conclusion of value vs. value calculations

In the first in a series of valuation briefs, The Appraisal Foundation (TAF) has published an exposure draft, “Understanding the Differences: Conclusion of Value v. Value Calculations.”

Twitter’s brand value soared prior to Musk’s bid

The brand value of Twitter increased by 85% to US$5.7 billion this year, even before the takeover attempt by Elon Musk, according to an analysis by Brand Finance.

Becoming an industry expert—from the ground up

Some valuation analysts become expert in certain industries by chance—they get some engagements in a particular sector and learn along the way.

Free model helps take DCF a step further

In an article “Analytical Insights From DCF Value Analysis,” the authors include a free model business valuers can use to take their “DCF calculation a step further and analyze the resulting value into four components.”

New trends help eateries build business

Virtual restaurants—commercial kitchens that operate through delivery services and do not have a physical dine-in space—are increasing due to the coronavirus pandemic, reports the Vertical IQ industry research platform in a recent “Coronavirus Update” for the restaurant industry.

Global BV News: Free webinar series from the IVSC June 2-10

Kroll is sponsoring a series of webinars presented by the International Valuation Standards Council (IVSC) from June 2 through June 10.

BV movers . . .

Bruce C. Wood, CPA/ABV, CVA, MTx, has joined Dayton, Ohio-based Brady Ware & Co. as a principal of Strategic Valuation and Advisory Services.

CPE events

Health Clubs and Gyms: Working Out the Value, May 10, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Gary Trugman (Trugman Valuation). CPE credits: 2.0.

Experts in, lay witnesses out in damages case

In a Michigan case, there were a number of motions to exclude expert witnesses in a damages case that involved employee poaching in the automotive industry.

Hitchner’s advice on which BV glossary to follow

In his latest issue of Hardball With Hitchner, Jim Hitchner (Financial Valuation Advisors) commends the “fine work” done on the 2021 International Valuation Glossary—Business Valuation.

Exciting doings at NACVA

In his latest quarterly message, Parnell Black, CEO of the National Association of Certified Valuators and Analysts (NACVA), revealed some recent developments at the organization.

Helping BV staff advance—when ‘up’ is in short supply

What should you do when staffers want to move up, but it doesn’t look like there’s any “up” to offer?

Global BV News: IVS and Spanish standards are broadly aligned

That’s the conclusion of an analysis the International Valuation Standards Council (IVSC) carried out in conjunction with the Asociación Española de Análisis de Valor (AEV).

BV movers . . .

Several individuals have been promoted to managing director in Houlihan Lokey’s Financial and Valuation Advisory practice area.

CPE events

A Nation Getting Older: Valuing Senior Citizen-Focused Companies, April 28, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Vanessa Claiborne (Chaffe and Associates). CPE credits: 2.0.

Nothing personal about goodwill in dental practice

In a South Carolina divorce case, the appellate court reversed the family court on the issue of personal versus enterprise goodwill.

Kroll increases U.S. normalized risk-free rate to 3.0%

Kroll has increased its recommended normalized risk-free rate to 3.0% from 2.5%, effective April 7.

Holy cow! New York Yankees hit $6 billion in value

That’s what the legendary announcer Phil Rizzuto would be yelling over this news.

Tip: Add an expiration date to an engagement letter

During a very informative—and entertaining—webinar on expert witnessing, Robert Vance (Forensic & Valuation Services PLC), gave this advice: Consider putting an expiration date on the cover letter to your proposed engagement letter.

Mercer continues to examine appraisal review

After a hiatus from his blog, veteran valuer Chris Mercer (Mercer Capital) certainly has made up for lost time.

‘Eye-opening’ valuations for RIA firms

A review of 2021 M&A activity among registered investment advisors (RIAs) shows that valuations “increased materially, while the median-adjusted EBITDA multiple set a record,” according to the newest edition of “The RIA Deal Room,” an annual study from Advisor Growth Strategies.

Three special BVR workshops in May: energy, estate/gift, and intangibles

The month of May will see BVR webcast three special events.

BV movers . . .

The National Association of Certified Valuators and Analysts (NACVA) has named its outstanding members for the first quarter of 2022.

176 - 200 of 6,936 results