Today: September 08, 2024
Today: September 08, 2024

Latest From Svea Herbst-Bayliss

Business|Finance|Stock Markets

Starboard files proposal at News Corp, seeks to break Murdoch's grip

Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp, the

Starboard files proposal at News Corp, seeks to break Murdoch's grip
Business|Finance

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying

Former Moelis, Barclays activism defense bankers to build business at Jasper Street
Business|Finance

Elliott now owns enough of Southwest Airlines to call special meeting

Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting

Elliott now owns enough of Southwest Airlines to call special meeting
Business|Finance

Elliott, Southwest to meet in September as firm lays out case for change

Elliott Investment Management and Southwest Airlines will meet early next month for the first time to discuss potential changes at the airline, both

Elliott, Southwest to meet in September as firm lays out case for change
Business|Finance

Elliott targets Southwest Airlines board in bid to shake up leadership

Elliott Investment Management has launched a boardroom battle at Southwest Airlines seeking to replace 10 of 15 directors, as the hedge fund pushes to oust

Elliott targets Southwest Airlines board in bid to shake up leadership
Business|Finance

Elliott breaks down Southwest ownership in new regulatory filing

Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines, giving a breakdown of what

Elliott breaks down Southwest ownership in new regulatory filing
Economy|Finance|Stock Markets

Billionaire Ackman pulls IPO of Pershing Square USA days before debut

Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock

Billionaire Ackman pulls IPO of Pershing Square USA days before debut
Business|Finance

JPMorgan promotes Porretti, Novak to co-head shareholder engagement as more activist campaigns loom

JPMorgan Chase on Tuesday tapped veteran bankers Alfredo Porretti and Darren Novak to co-head its global shareholder engagement and M&A capital markets

JPMorgan promotes Porretti, Novak to co-head shareholder engagement as more activist campaigns loom
Economy|Finance

Debut of Bill Ackman's new fund delayed but expected to proceed

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman's new U.S. fund, Pershing Square USA, has been delayed, without

Debut of Bill Ackman's new fund delayed but expected to proceed
Business|Economy|Finance

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing

Ackman cuts new fund's target size, asks investors to commit
Business|Health

Activist AREX Capital wins one seat in proxy fight at Enhabit

Enhabit investors elected one of AREX Capital Management's director nominees after the activist investor called on them to replace seven of the home health and

Activist AREX Capital wins one seat in proxy fight at Enhabit
Business|Finance

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees

Proxy advisory firm Glass Lewis said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board.

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees
Business|Economy

ISS suggests Enhabit shareholders elect three AREX Capital nominees to board

Institutional Shareholder Services (ISS) said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board

ISS suggests Enhabit shareholders elect three AREX Capital nominees to board
Business|Economy

Anson Funds pushing Five9 to explore a sale, sources say

Investment firm Anson Funds Management has amassed a stake in Five9 and is urging the U.S. call center software company to consider a sale, people familiar with the

Business|Economy

Ackman says his firm will put $500 million into Pershing Square USA

Bill Ackman's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said

Ackman says his firm will put $500 million into Pershing Square USA
Business|Economy

Billionaire investor Ackman kicks off fundraising for new US fund

Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in

Billionaire investor Ackman kicks off fundraising for new US fund
Business

Activist investor Jana pushes Rapid7 to consider a sale

Jana Partners, the activist investor that has successfully pushed for the sale of multiple companies, has built a stake in Rapid7 and is urging the

Business|Economy

Activist investors mount record number of campaigns but win fewer board seats

Activist investors mounted campaigns at a record number of companies globally during the first six months of 2024 but have been less successful in breaking

Activist investors mount record number of campaigns but win fewer board seats
Economy

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

Economy

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|Economy

AREX Capital to mount board challenge against Enhabit, sources say

Hedge fund AREX Capital Management is seeking seven board seats at Enhabit, arguing that new directors are needed to help reverse poor financial performance at the

Business|Economy

BlackRock shareholders vote, keep directors in place in Saba saga

BlackRock won a fight with hedge fund manager Boaz Weinstein last week when shareholders voted at four of its closed-end funds, data showed, keeping the

BlackRock shareholders vote, keep directors in place in Saba saga
Business|Economy

BlackRock directors keep seats at six funds in proxy battle with Saba

BlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace

BlackRock directors keep seats at six funds in proxy battle with Saba
Economy

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

Twilio appoints Sachem Head partner Andy Stafman to board

Cloud communications company Twilio has appointed a partner at Sachem Head Capital Management to its board, it said on Monday, as it faces pressure from

Twilio appoints Sachem Head partner Andy Stafman to board

Follow