The largest investor in Avis Budget Group Inc. is launching a fight to shake up the car-rental car company’s board of directors, a ratcheting up of several years of tension between the two...
A group of activist investors are joining together to call on Avon Products Inc. to seek a buyer, in a move that could set up a fight for the company’s board as a key deadline looms...
Activist investor Dan Loeb's Third Point LLC is keeping pressure on Nestlé SA, saying the giant consumer company needs to do more to realign its portfolio, including getting out of its stake in cosmetics giant L'Oréal SA. The activist, writing to his own investors, says Nestlé has taken some "important" steps recently, pointing to new board members the company announced and plans to increase margins, but believes more is needed. A representative for Nestlé wasn't immediately able to comment...
Two large Xerox investors, billionaires Carl Icahn and Darwin Deason, have formed an alliance and plan to encourage the printer and copier giant to explore a potential sale...
Automatic Data Processing Inc. has spent the past several years trying to modernize its business. On Tuesday, shareholders will decide whether those moves are enough or if they want to allow one of Wall Street’s most powerful and polarizing investors into the boardroom. Famed hedge fund manager William Ackman is seeking a seat for himself and two others on ADP’s 10-person board, saying it has fallen behind hot technology companies that have made its human-resources industry user-friendly...
Supervalu Inc. is facing a push from an activist investor as the food wholesaler and retailer struggles to reverse a yearslong stock slide. Blackwells Capital LLC, an alternative-investment fund that is one of the company’s 10 biggest shareholders, wants the grocery company SVU, +1.49% to sell dozens of its stores and bring in new leadership, among other demands, according to a letter viewed by The Wall Street Journal...
Clifton S. Robbins is already known as the nice-guy activist investor. Now he’s trying to be the socially conscious one..
CSX Corp. turned the tables on an activist investor that threatened a fight for control of the railroad operator’s board, revealing the investor’s demands and calling for its shareholder to vote on the matter. The company said it made a written offer last week to hire railroad veteran Hunter Harrison as chief executive and to allow activist investor Paul Hilal to nominate five directors...
Chipotle Mexican Grill Inc. and William Ackman are nearing a settlement that would give the activist investor a say in the boardroom at the beleaguered burrito chain. The Denver company and Ackman’s Pershing Square Capital Management LP, which disclosed a 9.9% stake two months ago, have been discussing changing the board and could reach an agreement soon, according to people familiar with the matter. A deal isn’t assured and could be delayed or fall apart, they said ...
The arrival of an activist investor in Morgan Stanley’s stock is both a validation of the strategy pursued by Chief Executive James Gorman and a challenge to articulate and execute it better. ValueAct Capital Management LP, a $16 billion hedge fund with a penchant for high-profile turnaround stories, unveiled a $1.1 billion stake in Morgan Stanley on Monday and, in a letter to the fund’s own investors, showed support for Mr. Gorman’s...
Activist investor Marcato Capital Management LP is pushing Goodyear Tire & Rubber Co. to return $4.5 billion to investors over the next three years in a bid to boost the tire giant’s flagging stock price...
Billionaire investors Paul Singer, Carl Icahn, Barry Rosenstein, William Ackman and Daniel Loeb are setting aside their political differences to launch a Washington-based lobbying group to fight mounting attacks on shareholder activism ...
Ides Capital, a new activist hedge fund, is launching its first fight for board seats at Boingo Wireless, the provider of Wi-Fi service at airports and military bases....
Activist investors have transformed themselves from derided corporate raiders to accepted voices in the corporate boardroom, helping produce a banner year...
While the plan was hatched by the companies’ chief executives, they worked alongside activist investor Nelson Peltz, who...
Instead of launching ugly boardroom battles, activist investors ValueAct Capital and Relational Investors typically work with company management—and with better results to show for it...
A second proxy adviser has delivered a vote of confidence in Nelson Peltz in his campaign to get on the board of DuPont Co. DD-0.86 % Glass Lewis & Co. late Wednesday said shareholders should elect the chief executive of activist investor Trian Fund Manage ...
Groveland Capital has taken a small stake in the owner of Steak ‘n Shake. It is asking shareholders to oust the firm’s entire board, including Sardar Biglari, its chairman and chief executive.
Carl Icahn, the famed activist investor , is increasingly pushing for, and getting, a say in the CEO searches at some companies. It's a little-noticed reason of power for his recent investment successes, The Wall Street Journal reported Thursday. When Mr. Icahn ...
That’s at least the ruling from Activist Insight, a U.K.-based data provider on the world of activism. The group’s 2013 annual review included a top 10 ranking of activists for the first time...
When law professor Brian Quinn was teaching about leveraged buyouts earlier this year, he thought he finally had a model transaction to show his students: Dell Inc.DELL +0.07%. Months later, following a storm of controversy, delays to a shareholder vote and a change to voting rules in exchange for a sweetened bid, Mr. Quinn isn't so sure he can put Dell's nearly $25 billion buyout on a pedestal...
