Transaction Announcement – Label Vision Systems
Houlihan Capital is pleased to announce the sale of Label Vision Systems, Inc. to Microscan Systems, an operating company in Spectris plc’s (LSE:sxs) Industrial Controls business segment. Label Vision Systems, Inc. (”LVS”) has developed proprietary software and products that enable label inspection, print inspection, and barcode verification. LVS’s technology, products, and solutions allow companies to […]
Time May Be Slipping Away to Discount Valuations
Time May Be Slipping Away to Discount Valuations Proposed regulations to limit tax planning strategies in connection with valuation discounts could be implemented later this summer. Traditionally, owners of closely held businesses have sought independent valuations to help determine gift and estate tax liability. The valuation of closely held entities for gift and estate tax […]
Funds, Directors & Fiduciaries – YES, Valuation Matters!
Funds, Directors & Fiduciaries – YES, Valuation Matters! The Securities and Exchange Commission recently settled charges against AlphaBridge Capital Management, which was alleged to have fraudulently inflated the prices of securities in hedge fund portfolios it managed. The SEC investigation found that AlphaBridge told investors and its auditor that it obtained independent price quotes from […]
EXCHANGE-TRADED FUNDS – Illiquid Security Valuation
EXCHANGE-TRADED FUNDS – Illiquid Security Valuation Exchange-Traded Funds (ETFs) are investment funds that combine the features of a mutual fund and a closed-end fund. ETFs trade throughout the day at prices that may be above or below the fund’s net asset value. Shareholders may trade shares of the ETF resulting in capital gains or losses. […]
Surprise – Director Comp Must Be Fair
Surprise – Director Comp Must Be Fair Stockholder approval of an incentive plan is not a foolproof defense against an “entire fairness review” of self-compensation decisions, as the Citrix Systems, Inc. (“Citrix”) board of directors learned the hard way. In Calma v. Templeton et al, a recent derivative action on behalf of Citrix, a stockholder […]