1. Articles from Scott Deveau

    1-14 of 14
    1. CoStar and Warburg Are Said to Be Competing to Buy CoreLogic

      CoStar and Warburg Are Said to Be Competing to Buy CoreLogic

      CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers, is expected to decide in the coming weeks whether to proceed with a sale, said the people, asking not to be identified because the matter is private. No final decision has been made, and CoreLogic may choose to remain independent, they added...

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    2. Evolent Health Settles With Activist Investor Engaged

      Evolent Health Settles With Activist Investor Engaged

      Activist investor Engaged Capital has reached a settlement with Evolent Health Inc. that will see a new director join the board and the health-care company form a committee charged with improving investor returns. Under the terms of the agreement, Craig Barbarosh will be appointed to the board and its newly created strategy review committee...

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    3. Elliott Holds Talks With Public Storage, Seeks Six Board Seats

      Elliott Holds Talks With Public Storage, Seeks Six Board Seats

      Activist investor Elliott Management Corp. held “constructive discussions” with Public Storage in recent weeks and nominated six directors to the board, the real estate investment trust said Sunday. Elliott is seeking the board seats after buying a sizable stake in Public Storage , according to a person familiar with the matter...

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    4. D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs

      D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs

      D.E. Shaw & Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut its spending to improve performance and maintain its dividend, according to people familiar with the matter. The investor on Tuesday sent a letter to Exxon arguing that changes are needed because the oil major has consistently underperformed rival Chevron Corp. , said the people, who asked not to be identified because the details are private. D.E...

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    5. Westdale Is Said to Approach Aimco With Takeover Proposal

      Westdale Is Said to Approach Aimco With Takeover Proposal

      Westdale Real Estate Investment and Management has approached Apartment Investment & Management Co. with an all-cash takeover proposal, people familiar with the matter said. The unsolicited offer for Aimco is at a premium to the real estate investment trust’s market value of about $4.7 billion before the approach was revealed, the people said, asking not to be identified as the matter is private. The target has not yet responded to the proposal, which was made last week, the people said...

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    6. Argo Group Under SEC Scrutiny Over Executives Compensation

      Argo Group Under SEC Scrutiny Over Executives Compensation

      Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange Commission is seeking documents focused on Argo’s disclosures about executive compensation, the company said in response to inquiries from Bloomberg News. Its independent directors are conducting a review of its governance and compensation matters, the company said...

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    7. Paulson Seeks to Replace Entire Detour Gold Board

      Paulson Seeks to Replace Entire Detour Gold Board

      Activist investor Paulson & Co. Inc. has nominated a slate of eight directors to replace the entire board of Canadian miner Detour Gold Corp. The hedge fund run by billionaire John Paulson, which said it owns a 5.4 percent stake in Toronto-based Detour, has formally called for a meeting of shareholders to elect its slate no later than Sept. 28...

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    8. Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal

      Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal

      Activist investor Jana Partners and its affiliates stand to make about $144 million on their investment in Pinnacle Foods Inc. , after the packaged-food company agreed to be acquired by Conagra Brands Inc. for $8.1 billion. The New York-based hedge fund, run by Barry Rosenstein, disclosed a 9.5 percent position in Parsippany, New Jersey-based Pinnacle on April 19...

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    9. Jana’s Jab at Apple May Be a Route to Reverse Its Shrinking Assets

      Jana’s Jab at Apple May Be a Route to Reverse Its Shrinking Assets

      Barry Rosenstein’s push to protect children from overusing iPhones isn’t just about altruism. The managing partner of Jana Partners offered a simple explanation for teaming up with the California State Teachers’ Retirement System this month to urge Apple Inc. to study whether young customers are being hurt. “I don’t think there’s any conflict with generating a positive return” and corporate good, he told CNBC...

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    10. P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote

      P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote

      After several meetings with billionaire Nelson Peltz, the chief executive officer of Procter & Gamble Co. came away convinced the activist shareholder isn’t interested in learning about the company he wants to remake. “He’s never asked virtually anything,” David Taylor said in an interview at P&G’s Cincinnati headquarters...

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    11. An Activist Investor’s Latest Tactic: Playing Nice

      An Activist Investor’s Latest Tactic: Playing Nice

      As Nelson Peltz, founder of Trian Fund Management , angles for a seat on Procter & Gamble Co. ’s board, he’s pledging to back social, environmental, and governance issues in ways that may appeal to the consumer-products giant’s institutional investors . Weeks after disclosing its stake in P&G in February, Trian updated its website with a section expounding its commitment to corporate stewardship...

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    1-14 of 14
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    An Activist Investor’s Latest Tactic: Playing Nice P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote Jana’s Jab at Apple May Be a Route to Reverse Its Shrinking Assets Lowe's Activist Believes Stock Value Could Triple Activist Investor Bill Ackman Is Building a Position in United Technologies Elliott Gets an Ally in Opposing Hyundai Motor Overhaul Plan Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal Paulson Seeks to Replace Entire Detour Gold Board Argo Group Under SEC Scrutiny Over Executives Compensation Elliott Holds Talks With Public Storage, Seeks Six Board Seats Alibaba Group Hit with Record $2.8 Billion Fine Amid Increased Government Scrutiny of Billionaire Jack Ma's Tech Empire Biogen Announces Two New Nominees for Election to Board of Directors