(Reuters) - Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson’s Bay Co ( HBC.TO ), urging it to correct its underperformance and extract value from its substantial real estate holdings...
(Reuters) - Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S., February 11, 2014...
FRANKFURT (Reuters) - Activist shareholder Elliott has raised its stake in German food processing equipment maker GEA Group ( G1AG.DE ) to 5.03 percent from 3.01 percent as of June 12, a regulatory filing by GEA showed on Monday. Elliott’s holding rose above 3 percent in October. Reporting by Maria Sheahan; Editing by Edward Taylor...
HOUSTON (Reuters) - When SandRidge Energy Inc ( SD.N ) shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn...
(Reuters) - SandRidge Energy Inc ( SD.N ) said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board...
TOKYO (Reuters) - Japan’s Mitsubishi Materials Corp ( 5711.T ) on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year...
(Reuters) - Billionaire investor David Tepper’s hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc’s ( AGN.N ) board to split the office of the chief executive officer and chairmaN...
OSLO (Reuters) - Norway’s $1 trillion wealth fund backed a wide range of activist shareholder proposals at Facebook’s annual meeting on Thursday, including a measure to improve the company’s oversight of questionable content, the fund’s voting record showed on Friday. FILE PHOTO: A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017...
(Reuters) - Arca Capital, one of the largest shareholders in AmTrust Financial, on Wednesday urged other investors to vote against the U.S. insurer’s plans to go private, citing “absurdly low valuation” of $13.50 per share. The Czech-based investment company follows activist investor Carl Icahn in opposing the proposed privatization transaction...
(Reuters) - Uniper’s ( UN01.DE ) supervisory board on Wednesday urged shareholders to reject a motion by activist investor Elliott to launch a probe into whether management sought to block the sale of a major stake to Fortum ( FORTUM.HE ), in a deal it opposes...
(Reuters) - SandRidge Energy Inc said on Tuesday activist investor Carl Icahn is seeking to gain control of the oil and natural producer without paying an appropriate premium or participating in a competitive process. Icahn is looking to replace SandRidge’s board and added two more nominees to his slate after the company expanded the board...
PURCHASE, N.Y. (Reuters) - Morgan Stanley shareholders sided with the company’s board on all votes taken at their annual meeting on Thursday, electing the slate of directors and endorsing the company’s compensation of top executives...
(Reuters) - Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp ( TKAG.DE ), a source familiar with the matter said, increasing pressure on management to restructure the group...
BOSTON (Reuters) - Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp...
NEW YORK (Reuters) - David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc....
JERUSALEM (Reuters) - Activist investor Elliott Advisors on Thursday urged the board of Bezeq Israel Telecom ( BEZQ.TA ) to appoint a new chief executive and consider implementing a share buy-back program...
(Reuters) - Shareholder advisory groups and a top-10 investor in Uniper ( UN01.DE ) have backed the utility’s management as it seeks to fend off calls for an investigation into whether it sought to block the sale of a major stake in the company...
May 15 (Reuters) - Criticism mounted over Tesla Inc board’s move to renominate three directors, including CEO Elon Musk’s brother Kimbal Musk, with proxy adviser Glass Lewis & Co on Tuesday opposing their re-election and seeking appointment of an independent chairman. Glass Lewis & Co said Tesla shareholders should vote against lead independent director Antonio Gracias, Kimbal Musk and James Murdoch, chief executive of Twenty-First Century Fox Inc.. .
HOUSTON (Reuters) - Shareholders of oil producer ConocoPhillips ( COP.N ) rejected a proposal at their annual meeting on Tuesday that would have linked executive compensation with U.S. accounting standards. FILE PHOTO: A Phillips66-owned Conoco gasoline station in St. Louis, Missouri January 14, 2015...
(Reuters) - Billionaire investor Carl Icahn has sold his stake in AIG ( AIG.N ), Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers...
(Reuters) - SandRidge Energy ( SD.N ) said on Friday it would increase its board size to seven from five to allow investors to elect two of activist investor Carl Icahn’s nominees. An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange, January 11, 2013...
May 3 (Reuters) - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break-ups and merger deals. Filings with regulators show that eight of Paul Elliott Singer’s activist fund’s 15 ...
NEW YORK (Reuters Breakingviews) - Tesla is speeding toward capital-raise crunch time. The electric-car maker on Wednesday reported a loss of $710 million in the first three months of the year. It also experienced a slew of other problems, including annoying a regulator after disclosing information about a fatal crash and losing more key staff. A Tesla Supercharger station is shown in Cabazon, California, U.S. May 18, 2016...
ZURICH, May 2 (Reuters) - Meyer Burger’s shareholders dealt its directors an embarrassing blow on Wednesday when they rejected the loss-making Swiss technology company’s salary plans for 2017. Shareholders in Switzerland have a right to vote on executive pay under changes introduced in 2013, but although such rejections are rare Meyer Burger’s pay plan will still go ahead because its vote was non-binding...