Today: September 16, 2024
Today: September 16, 2024

Latest From Svea Herbst-Bayliss

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
Business

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board

ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board
Business

Hedge fund Palliser hires former Elliott partner Kasoff

UK hedge fund Palliser Capital is expanding into the U.S. and said on Wednesday it hired Steve Kasoff, bringing on board a former Elliott Investment

Hedge fund Palliser hires former Elliott partner Kasoff
Business

Exclusive-Marathon Partners urges Becle to move share listing, consider alternatives

Marathon Partners Equity Management wants spirits company Becle SAB de CV, the world's largest tequila producer, to move its listing from Mexico to the United States

Exclusive-Marathon Partners urges Becle to move share listing, consider alternatives
Business

Exclusive-Labor unions end Starbucks boardroom fight after progress on bargaining

A coalition of labor unions is ending its boardroom fight at Starbucks after the coffee chain last week agreed to work toward reaching labor agreements, two sources

Exclusive-Labor unions end Starbucks boardroom fight after progress on bargaining
Business

Trian blames 'poor oversight' for Disney's problems in its push for board seats

Billionaire U.S. investor Nelson Peltz on Monday said media and entertainment company Walt Disney had gambled away a "winning hand" and blamed "poor oversight" from

Trian blames 'poor oversight' for Disney's problems in its push for board seats
Business

Proxy advisor Glass Lewis backs Starbucks in proxy fight with union

Starbucks on Friday picked up fresh support in its board room fight with a coalition of labor unions over how it reacted to efforts to unionize and the

Proxy advisor Glass Lewis backs Starbucks in proxy fight with union
Business

Proxy advisor ISS backs Starbucks in board challenge from labor group

Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp by recommending that investors elect all of

Proxy advisor ISS backs Starbucks in board challenge from labor group
Business

Exclusive-Ancora seeks four board seats at Elanco amid push for changes, sources say

Investment firm Ancora Holdings is pushing for four board seats at Elanco Animal Health and wants to replace the chief executive at the company that makes medicines

Exclusive-Ancora seeks four board seats at Elanco amid push for changes, sources say
Business

Illumina, already facing pressure from Icahn, saw other activists at year end

Gene-sequencing company Illumina, which was pushed to make changes by Carl Icahn last year, had two additional activist investors in its stock at the end of

Illumina, already facing pressure from Icahn, saw other activists at year end
Business

Loeb's Third Point to delve into private credit investing as a 'complement'

Hedge fund manager Daniel Loeb's firm Third Point will invest in private credit this year as it bets on positive conditions for both credit and equity markets in

Loeb's Third Point to delve into private credit investing as a 'complement'
Business

North Face maker VF to shake up board with Engaged Capital input

VF Corp, the owner of the North Face, Vans and Timberland brands, said on Tuesday it will appoint one new board member and select a second with input from activist

North Face maker VF to shake up board with Engaged Capital input
Business

Exclusive-Engaged Capital gains support of VF heirs to shake up North Face owner

Activist investor Engaged Capital has the backing of the founding family of VF Corp in its push for board seats and faster change at the struggling owner of the

Exclusive-Engaged Capital gains support of VF heirs to shake up North Face owner
Business

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

Land & Buildings nominates 3 candidates in Ventas board challenge

Activist investor Land & Buildings Investment Management has nominated three director candidates at Ventas, the owner of senior housing communities confirmed

Land & Buildings nominates 3 candidates in Ventas board challenge
Business

Exclusive-Blackwells to nominate board directors at Disney, rivaling Trian -sources

Activist hedge fund Blackwells Capital will nominate three directors at Walt Disney Co, rivaling Trian Fund Management which is seeking two seats on the

Exclusive-Blackwells to nominate board directors at Disney, rivaling Trian -sources
Business

Icahn aims to remove Illumina's legacy directors - letter

Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, signalling plans to mount a second board challenge at the gene-sequencing

Icahn aims to remove Illumina's legacy directors - letter
Business

Jana Partners calls for strategic review, possible sale at Frontier Communications -letter

Activist investment firm Jana Partners is urging Frontier Communications to begin a strategic review, including a possible sale of the telecommunications company,

Jana Partners calls for strategic review, possible sale at Frontier Communications -letter
Business

Exclusive-Activist investor Blackwells plans Wendy's board challenge-sources

Activist hedge fund Blackwells Capital is preparing to challenge Wendy's Co's board of directors in a push for improvements to the fast food chain's financial

Exclusive-Activist investor Blackwells plans Wendy's board challenge-sources
Business

Activist investor Ubben shutting down Inclusive Capital-sources

Jeff Ubben, one of Wall Street's most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed

Activist investor Ubben shutting down Inclusive Capital-sources
Business

Exclusive-ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth

ValueAct Capital Management has bought stakes in job search site Indeed's parent Recruit Holdings and in online travel services provider Expedia Group and

Exclusive-ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth
Business

Salesforce's strong stock price wooed some investors during third quarter - filings

Boasting a booming share price, Salesforce attracted more investor cash during the third quarter even as one of the software company's early public critics

Salesforce's strong stock price wooed some investors during third quarter - filings
Business

Trian reports new position in Allstate, increased stake in Disney

Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp and had raised its stake in Walt

Trian reports new position in Allstate, increased stake in Disney
Business

Investors expand bets on tech stocks as sector still fuels market gains -filings

Several hedge funds expanded their bets on big technology stocks including Amazon, Microsoft and Meta Platforms even as these companies stumbled some during

Investors expand bets on tech stocks as sector still fuels market gains -filings
Business

Greenlight's Einhorn worries about markets, eyes higher oil prices - letter

Hedge fund manager David Einhorn, whose Greenlight Capital gained 27.7% in the first nine months of 2023, said he is "worried about the direction of the

Greenlight's Einhorn worries about markets, eyes higher oil prices - letter

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