All Articles from Cara Lombardo -BoardProspects

Articles from Cara Lombardo

1-16 of 16
1. Activist Investor to Call on Peloton to Fire Its CEO
  
  Explore wsj.com Jan 24 2022 BoardNews
  
  An activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed. Blackwells Capital LLC has a significant stake of less than 5% in Peloton and is preparing to push the company’s board to fire CEO John Foley and pursue a sale, according to people familiar with the matter...
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  Mentions: acquisition Sale stake
2. Starboard Takes 6.5% Stake Worth Around $800 Million in GoDaddy
  
  Explore wsj.com Dec 27 2021 BoardNews
  
  Activist investor Starboard Value LP has a sizable stake in GoDaddy Inc. and plans to push the domain registrar to boost its performance. Starboard controls a roughly 6.5% stake in the company worth around $800 million, according to people familiar with the matter. While the hedge fund’s exact plans couldn’t be learned, Starboard typically pushes the companies it invests in to boost profit margins or improve performance in other ways and often seeks seats on their boards...
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  Mentions: stake GoDaddy Inc. Starboard
3. Activist Investor Ancora Urges Berry Global to Explore a Sale
  
  Explore wsj.com Nov 28 2021 BoardNews
  
  Activist investor Ancora Holdings Inc. is pushing Berry Global Group Inc., a packaging manufacturer with a roughly $9 billion market value, to explore a sale. Ancora, which owns about 1% of Berry Global, is urging it to explore strategic alternatives including a possible sale and make other changes, according to a copy of a letter the activist sent to the company’s board Sunday that was viewed by The Wall Street Journal...
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  Mentions: Sale Wall Street Berry Global
4. Activist Investor Mantle Ridge Has $1.8 Billion Stake in Dollar Tree
  
  Explore wsj.com Nov 12 2021 BoardNews
  
  Activist investor Mantle Ridge LP has a $1.8 billion stake in Dollar Tree Inc. and plans to push the discount retailer to take action to boost its share price, according to people familiar with the matter. Mantle Ridge believes Dollar Tree could ignite its underperforming shares by making improvements to its Family Dollar chain and its pricing strategy, the people said...
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  Mentions: stake Pricing Dollar Tree
5. Carl Icahn to Name Former GE Exec as CEO of his Company
  
  Explore MarketWatch Apr 4 2021 BoardNews
  
  After forcing companies to make countless CEO changes in his career, Carl Icahn is about to make one of his own. The activist investor said he is hiring a former General Electric Co. GE, executive to be CEO of his firm, which houses both his investment fund and a collection of companies he controls...
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  Mentions: Investment Keith Cozza General Electric
6. Activist Investor Ancora to Launch Proxy Fight at Forward Air
  
  Explore wsj.com Feb 9 2021 BoardNews
  
  An activist investor is preparing to launch a proxy fight at trucking and logistics company Forward Air Corp. Ancora Holdings Inc. plans to nominate four directors to Forward Air’s 10-person board, including the company’s founder and its former chief financial officer, according to people familiar with the matter. The group holds a combined 6.3% stake in the Greeneville, Tenn., company, the people said...
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  Mentions: Proxy Fight CFO stake
7. Gilead Reaches $21 Billion Deal for Immunomedics
  
  Explore MarketWatch Sep 13 2020 BoardNews
  
  Gilead Sciences Inc. will pay $21 billion to buy biotech Immunomedics Inc. and its prized breast-cancer drug, the company said Sunday, a sign of the value of the cancer-drugs business. Immunomedics has a market value of roughly $10 billion following a recent surge in its stock, meaning that Gilead is paying up to secure ownership of the company. Gilead agreed to pay $88 a share in cash for Immunomedics, whose shares closed at $42.25 Friday. That represents a 108% premium...
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  Mentions: acquisition stake Gilead Sciences
8. Activist Investor Starboard Takes Stake in Dollar Tree, Seeks Changes
  
  Explore MarketWatch Jan 7 2019 BoardNews
  
  Activist investor Starboard Value LP has taken a stake in Dollar Tree Inc. and is pushing the retailer to sell its Family Dollar business and tweak its pricing model, according to people familiar with the matter. The New York hedge fund has a 1.7% stake in Dollar Tree DLTR, +2.35% worth roughly $370 million and is also seeking majority control of the company’s 12-person board, the people said...
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  Mentions: Hedge Fund stake Pricing
9. Carl Icahn to Oppose Dell’s Purchase of DVMT Tracking Shares
  
  Explore MarketWatch Oct 15 2018 BoardNews
  
  Carl Icahn is gearing up for another battle with Michael Dell. The activist investor, who fought Dell when he took his namesake computer company private in 2013, will challenge plans to take it public again. Icahn on Monday disclosed that he has boosted his stake in shares that track Dell Technologies Inc.’s DVMT, +3.01% interest in VMware Inc. VMW, +4.42% to 8.3%...
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  Mentions: stake Dell VMware
10. Marijuana Company Pressed to Make Deal by Activist Investor
  
  Explore wsj.com Sep 6 2018 BoardNews
  
  Hexo Corp. has drawn interest from an occasional activist investor, who fears the Canadian marijuana company will miss out on a frenzy of deal making in the budding industry. New York-based Riposte Capital LLC, Hexo’s second-largest shareholder with a roughly 2.5% stake, plans to urge the company to explore strategic alternatives and take advantage of the cannabis sector’s rapid growth, according to people familiar with the matter...
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  Mentions: stake marijuana activist investors
11. Campbell Soup to Abandon Fresh-Food Focus
  
  Explore MarketWatch Aug 30 2018 BoardNews
  
  Campbell Soup Co. plans to sell its international operations and refrigerated-foods business, abandoning efforts to become a more fresh-oriented company and leaving the door open to a full sale. Campbell plans to divest the two businesses, which bring in $2.1 billion in annual revenue under brands including Bolthouse Farms, Arnott's and Kelsen, according to people familiar with the matter. An announcement could come as soon as Thursday morning...
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  Mentions: Campbell Soup
12. Activist Elliott Management to Push Nielsen Holdings to Sell
  
  Explore wsj.com Aug 13 2018 BoardNews
  
  Activist investor Elliott Management Corp. has taken a big stake in Nielsen Holdings PLC and plans to push the TV-ratings company to sell itself. The New York hedge fund owns more than 8% of Nielsen, worth at least $640 million, people familiar with the matter said Sunday. Elliott, which has been launching campaigns at a blistering pace this year, could unveil the new effort as soon as Monday. Multiple...
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  Mentions: Management Hedge Fund stake
13. Carl Icahn Said Unlikely to Lobby Dell to Sweeten VMware Deal
  
  Explore MarketWatch Jul 3 2018 BoardNews
  
  A profit of about $200 million could be enough to get Carl Icahn to stop fighting Michael Dell. Icahn is unlikely to push Dell Technologies Inc. to sweeten its deal to buy back shares that track Dell’s interest in VMware Inc. VMW, -1.02% , after reaping a paper profit of around $200 million on the tracking stock and VMware’s publicly traded shares, according to people familiar with the matter...
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  Mentions: Dell VMware CEO
14. SandRidge Energy Adopts ‘Poison Pill’ After Carl Icahn Increases Stake
  
  Explore wsj.com Nov 27 2017 BoardNews
  
  SandRidge Energy Inc.’s board has adopted a so-called poison pill that would make it more difficult for activist investor Carl Icahn, who recently disclosed a 13.5% stake in the oil and gas producer, to increase his stake as he criticizes SandRidge’s plan to buy Bonanza Creek Energy Inc...
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  Mentions: stake Poison Pill Carl Icahn
15. The Wall Street Journal: ADP to File SEC Complaint Against Bill Ackman as Proxy Fight Heats Up
  
  Explore wsj.com Oct 31 2017 BoardNews
  
  Human-resources software firm Automatic Data Processing Inc., locked in a proxy battle with William Ackman, says it will file a complaint with the Securities and Exchange Commission over what it calls “false and misleading” claims the activist investor made this week...
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  Mentions: Proxy Fight ADP activist investors
16. Two Tenet Board Members Resign, Setting Up Potential Proxy Fight
  
  Explore wsj.com Aug 18 2017 BoardNews
  
  Two members of Tenet Healthcare’s board of directors, who represent the company’s largest institutional shareholder, have resigned their posts, citing “irreconcilable differences” over significant matters involving the company...
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  Mentions: Management Proxy Fight Board of Directors
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