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Today: March 07, 2025
Today: March 07, 2025
Svea Herbst-Bayliss

Svea Herbst-Bayliss

Staff Writer

Latest From Svea Herbst-Bayliss

Business|Economy|Finance|Stock Markets|US

Dealmakers in wait and see mode, expect M&A pace to pick up later in 2025

Facing unexpected market volatility and geopolitical uncertainties, normally optimistic dealmakers are sounding a

Dealmakers in wait and see mode, expect M&A pace to pick up later in 2025
Business|Economy|Finance|Political|US

Trump policies cast chill on Wall Street dealmaking

A private equity firm in early talks to buy a small U.S. snack food maker and merge it with a Canadian rival was

Trump policies cast chill on Wall Street dealmaking
Americas|Business|Finance|Stock Markets|US

Elliott nominates 7 directors at Phillips 66, ratchets up pressure

Elliott Investment Management nominated seven directors to Phillips 66's board, laying the groundwork to push for changes that include spinning off or

Elliott nominates 7 directors at Phillips 66, ratchets up pressure
Business|Economy|Food|US

Shoppers turn to smaller food brands, cutting into Unilever, P&G profits

Big Food's worst nightmare is unfolding across U.S. supermarket aisles.

Shoppers turn to smaller food brands, cutting into Unilever, P&G profits
Business|Finance|Health|Stock Markets|US

Investor Deep Track launches proxy fight at Dynavax, nominates 4 directors

Life sciences investment firm Deep Track Capital is launching a board fight at Dynavax Technologies, pressing for new directors to prioritize the development

Investor Deep Track launches proxy fight at Dynavax, nominates 4 directors
Business|Finance|Stock Markets|US

Ackman says his plans for Howard Hughes won't impact how his portfolios invest

Billionaire investor Bill Ackman's plans to turn real estate company Howard Hughes Holdings into a diversified holding company will not impact how his

Ackman says his plans for Howard Hughes won't impact how his portfolios invest
Business|Economy|Finance|Stock Markets|US

Ancora demands U.S. Steel board records, ratchets up proxy fight

Activist investor Ancora Holdings is demanding access to records from U.S.

Ancora demands U.S. Steel board records, ratchets up proxy fight
Business|Finance|Stock Markets|US

Matthews announces governance changes as vote on boardroom fight looms

Matthews International on Friday announced a number of corporate governance changes aimed at pushing up the casket maker's stock price less than a week

Matthews announces governance changes as vote on boardroom fight looms
Business|Finance|Stock Markets|US

Glass Lewis backs all 3 Barington nominees in Matthews International fight

Proxy advisory firm Glass Lewis recommended that Matthews International shareholders elect all three of activist Barington Capital's director nominees to

Business|Economy|Finance|Political|Stock Markets|US

Third Point's Loeb expects favorable stock investment environment, letter says

Billionaire investor Daniel Loeb is betting 2025 will bring a more favorable stock investing environment despite the Trump administration's "unconventional"

Third Point's Loeb expects favorable stock investment environment, letter says
Business|Economy|Finance|Stock Markets|Technology

D.E. Shaw takes stake in bitcoin miner Riot Platforms, sources say

Investment firm D.E.

D.E. Shaw takes stake in bitcoin miner Riot Platforms, sources say
Business|Finance|Stock Markets|US

Mantle Ridge secures enough votes for board seats at Air Products, sources say

Activist investor Mantle Ridge has secured enough support from Air Products and Chemicals investors to win several seats on the industrial gases company's

Mantle Ridge secures enough votes for board seats at Air Products, sources say
Business|Finance|Stock Markets|US

Activist Ananym plans to launch proxy fight at Henry Schein, sources say

Activist investor Ananym Capital Management plans to nominate as many as half a dozen directors to the board at Henry Schein, arguing the dental and medical

Activist Ananym plans to launch proxy fight at Henry Schein, sources say
Business|Finance|Stock Markets|US

BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds

BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back

BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds
Business|Economy|Finance|Stock Markets|US

ISS' Guerra to leave proxy advisory firm and join Strategic Governance Advisors

Cristiano Guerra, who has been instrumental in determining the outcome of some of the America's most hotly contested board battles as head of special

ISS' Guerra to leave proxy advisory firm and join Strategic Governance Advisors
Uncategorized

Exclusive-Catalent nears settlement with Elliott for board seats -sources

Catalent Inc is close to reaching a settlement with Elliott Investment Management that would lead to a shake-up of the U.S. contract drug manufacturer’s board of directors after its share price lost half of its value in the last year. The company is poised to agree to add four new directors proposed by Elliott to its board, which currently has 12 members, people familiar with the situation said on Monday. The sources declined to be identified because the information is confidential and cautioned a deal could still collapse at the last minute. Spokespeople

Exclusive-Catalent nears settlement with Elliott for board seats -sources
Business|Finance|US

Hedge fund ValueAct Capital gained 39% in 2023 -investor

ValueAct Capital, which has pushed for changes at companies ranging from Salesforce to Microsoft, returned 39% last year, an investor familiar with the

Hedge fund ValueAct Capital gained 39% in 2023 -investor
Business|Finance|US

Exclusive-Trian's big Disney bet drove fund's 2023 underperformance - source

A $3 billion bet on Walt Disney by Nelson Peltz's Trian Fund Management was largely responsible for the investment management firm's underperformance last year

Exclusive-Trian's big Disney bet drove fund's 2023 underperformance - source
Business|Finance|News|Stock Markets|US

Exclusive-Activist hedge fund Starboard targets benefits services provider Alight

Activist hedge fund Staboard Value has amassed a stake in Alight and has nominated four people to the U.S. benefits services provider's board of directors in a push

Business|Finance

Former ValueAct partner Haggart to launch activist firm, sources say

A former partner at ValueAct Capital Management, one of Wall Street's best known activist investment firms, will start his own firm, according to people familiar

Business|Finance

Explainer-How Bill Ackman's SPARC differs from a SPAC

Bill Ackman's new investment vehicle, Pershing Square SPARC Holdings Ltd, marks a departure from special purpose acquisition companies (SPACs), which have

Explainer-How Bill Ackman's SPARC differs from a SPAC
Business|Finance

Analysis-Exxon Mobil's megadeal to test climate-aware shareholders

Exxon Mobil's $60 billion bid for Pioneer Natural Resources would expand the top U.S. oil producer's footprint in the country's

Analysis-Exxon Mobil's megadeal to test climate-aware shareholders
Business|Entertainment|Finance

Peltz's Trian up 3% this year even as Disney bet soured

Nelson Peltz's Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet on Walt Disney Co

Peltz's Trian up 3% this year even as Disney bet soured
Business|Finance|Stock Markets|US

Exclusive-Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources

Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp, according to people familiar with the matter, a move that could

Exclusive-Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources
Business|Finance

Executives leave BlackRock, ISS to lead governance at Longacre Square

Two executives who helped make recommendations in some of America's biggest proxy contests and contested mergers left BlackRock and Institutional

Executives leave BlackRock, ISS to lead governance at Longacre Square

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