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%...
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...
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...
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...
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...
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...
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...
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...
