1. Articles in category: BoardNews

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    1. Starboard Gauges Bristol-Myers Shareholder Support for Celgene Deal

      Starboard Gauges Bristol-Myers Shareholder Support for Celgene Deal

      (Reuters) - Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion (57 billion pounds) deal to buy Celgene Corp, people familiar with the matter said on Friday. The acquisition would be the biggest pharmaceuticals deal ever and would unite two major sellers of cancer drugs. Starboard has not decided whether it would oppose the Celgene deal, the sources said...

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    2. Icahn Bets on Caesars' Sale

      Icahn Bets on Caesars' Sale

      Caesars Entertainment Corp.'s ( CZR ) latest gamble could on be itself, according to a published report Thursday. Carl Icahn -- the billionaire activist investor -- is urging the casino company to "explore a sale," according to The Wall Street Journal report, which said the company had received two recent offers. An email to a Caesars' spokesperson seeking comment was not immediately returned...

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    3. Nestle Cuts the Meat in Bid to Build Healthier Food Giant

      Nestle Cuts the Meat in Bid to Build Healthier Food Giant

      (Bloomberg) -- Nestle SA put its ailing Herta lunch-meat business up for sale as Chief Executive Officer Mark Schneider tries to spark faster sales growth by transforming the world’s largest food company through acquisitions and divestments. The Swiss company’s shares rose as much as 3.7 percent to a record as it forecast improved sales and said that it expects to cede control of its dermatology unit by the middle of this year...

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    4. PG&E's Activist Shareholder Has Chosen Its Own Board Nominees

      PG&E's Activist Shareholder Has Chosen Its Own Board Nominees

      PG&E (ticker: PCG) may have filed for bankruptcy, but BlueMountain Capital is still lobbying for change at the company. The hedge fund and the embattled California utility are gearing up to make competing board changes at or before its annual shareholder meeting on May 21, where BlueMountain plans to put forward a brand new slate of directors. The fund said Wednesday it has selected those directors, and will announce its choices soon...

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      Mentions: bankruptcy PG&E AMP
    5. A Former Apple Executive Was Just Accused of Insider Trading By The SEC

      A Former Apple Executive Was Just Accused of Insider Trading By The SEC
      • Gene Levoff, who worked as Apple's Senior Director of Corporate Law and Corporate Secretary until September 2018, has been accused of insider trading by the SEC.
      • The SEC's lawsuit suit, filed Wednesday morning, says Levoff exploited his positions to unlawfully trade Apple securities ahead of Apple's quarterly earnings announcements.
      • Levoff profited and avoided losses of approximately $382,000 through illegal insider trading that took place from 2015-2016, according to the SEC...
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    6. Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      In America's corporate boardrooms, diversity is making uneven progress - women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. Twenty-seven per cent of new directors at companies in the Russell 3000 Index were women during 2016-2018, up from 21 per cent in the previous three-year period, according to estimates by ISS Analytics in an analysis for Reuters News...

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    7. Banning Buybacks Would Backfire and Lead to More Companies Going Private - Canaccord

      Banning Buybacks Would Backfire and Lead to More Companies Going Private - Canaccord

      If Congress limits the ability of companies to buy back shares, it would backfire and likely result in more companies taking themselves private through leveraged buyouts, a Wall Street research firm said. "Going private is essentially a 100 percent buyback," said Brian Reynolds, asset class strategist at Canaccord Genuity. He adds that CEOs are motivated to increase their companies' stock price...

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      Mentions: SEC crisis risk
    8. Only Half of PG&E's Board to Remain After Bankruptcy Filing

      Only Half of PG&E's Board to Remain After Bankruptcy Filing

      (Bloomberg) -- PG&E Corp., which filed for bankruptcy last month, announced a boardroom shakeup that would bring back at most half of the current board members. No more than five of the utility owner’s 10 current board members will stand for re-election at its upcoming shareholders meeting, according to a statement Monday. The company wants mostly independent directors, and the new board will have 11 of them, it said.,..

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    9. Daniel Loeb's Third Point exits Alibaba, Microsoft, and Netflix

      Daniel Loeb's Third Point exits Alibaba, Microsoft, and Netflix

      Activist investor Daniel S. Loeb's hedge fund $17 billion Third Point LLC exited its positions in Alibaba ( BABA ), Microsoft ( MSFT ), and Netflix ( NFLX ) during the fourth quarter, according to the fund's latest 13-f filing . During the quarter, Third Point sold its 1.25 million shares of Netflix, 4.1 million shares of Microsoft, and 4.045 million shares of Chinese e-commerce giant Alibaba, the filing shows...

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    10. Bank of America Boosts CEO Brian Moynihan's Pay 15% to $26.5 Million After Record Profit Last Year

      Bank of America Boosts CEO Brian Moynihan's Pay 15% to $26.5 Million After Record Profit Last Year

      Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year.

      Moynihan's compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in stock units, some of which are performance-based...

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    11. Activist Funds Turn Attention to Banks as New Merger Wave Sets Up

      Activist Funds Turn Attention to Banks as New Merger Wave Sets Up

      Activists are circling the U.S. banking industry as lenders struggle to distinguish themselves amid increased competition. More Activist investors are turning their attention to the U.S. banking industry, which many see as ripe for a new merger wave as lenders struggle to distinguish themselves amid intensifying competition...

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    1-24 of 9079 1 2 3 4 ... 377 378 379 »
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