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    1. Marathon Petroleum Gains Elliott's Support to Keep Speedway

      Marathon Petroleum Gains Elliott's Support to Keep Speedway

      (Reuters) - U.S. refiner Marathon Petroleum Corp said on Tuesday it would keep its Speedway retail arm, a decision backed by activist investor Elliott Management, which had previously pushed the company to separate the business. Last November, Elliott, the $33 billion hedge fund, unveiled a 4 percent stake in Marathon and made several demands including urging a spin-off of Speedway, which runs gas stations and convenience stores across the United States.. Marathon’s decision to keep the business represents a unique case where a company has opted against an Elliott demand, yet still managed to earn the hedge fund’s ...

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    2. Exclusive: Activist Wants Potbelly to Alter Plan or Explore Sale

      Exclusive: Activist Wants Potbelly to Alter Plan or Explore Sale

      Potbelly Corp ( PBPB.O ) is under pressure from an activist shareholder that wants the sandwich chain to change its strategy or explore the sale of the company, according to a letter obtained by Reuters. Ancora Advisors LLC, which said it owns 4 percent of Potbelly shares, outlined steps it wants the company to take to boost its share price, including franchising more of its restaurants. It said it should explore a sale if it does not go through with these proposed changes...

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    1-11 of 11
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