1. Articles from Bloomberg

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    1. Nordstrom Adopts 'Poison Pill' Measure to Keep Potential Buyers at Bay

      Nordstrom Adopts 'Poison Pill' Measure to Keep Potential Buyers at Bay

      Nordstrom Inc. adopted a poison pill Tuesday in an attempt to avoid any hostile takeover attempts following the flurry of such bids that buffeted Kohl’s Corp. for months. The Nordstrom board approved the move, formally known as a shareholder rights plan, days after El Puerto de Liverpool SAB, a Mexican company that operates an upscale department store chain, disclosed a 9.9% stake in the US retailer. That makes Liverpool the second-largest shareholder after the Nordstrom family...

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    2. Macellum Issues Statement Regarding the Need for the Kohl’s Board to Complete a Value-Maximizing Sale as Retail Sector Peers Outperform

      Macellum Issues Statement Regarding the Need for the Kohl’s Board to Complete a Value-Maximizing Sale as Retail Sector Peers Outperform

      Macellum Advisors GP, LLC (together with its affiliates, “Macellum” or “we”), a long-term holder of nearly 5% of the outstanding common shares of Kohl’s Corporation (NYSE: KSS) (“Kohl’s” or the “Company”), today issued the following statement regarding the Company and its Board of Directors (the “Board”) attributable to its Managing Partner, Jonathan Duskin...

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      Mentions: Sale NYSE Kohl’s
    3. Twitter’s Board Gave Up

      Twitter’s Board Gave Up

      You can tell a simple story about Elon Musk’s pending acquisition of Twitter Inc. that goes like this. Musk offered Twitter $54.20 per share in cash. Twitter’s board of directors consulted some bankers, who told them that the market price of Twitter’s stock was lower than $54.20, and that it would likely stay lower in the near future, due to Twitter not making all that much money...

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    4. Blackberry Holder Says Investors Should Block Watsa’s Board Role

      Blackberry Holder Says Investors Should Block Watsa’s Board Role

      Prem Watsa’s nemesis is back, and this time he’s urging other shareholders of BlackBerry Ltd. to push the investor out of his longtime board role. Dorsey Gardner, a veteran analyst and fund manager with about 5 million shares of the Canadian software company, said investors should follow the advice of Glass Lewis & Co. and withhold their votes for Watsa as lead director...

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    5. Activist Investors Have Less Reason to Target Industrial Giants

      Activist Investors Have Less Reason to Target Industrial Giants

      Where are all the activist investors? U.S. industrial giants’ clunky structures and lagging returns were like catnip for change-seeking shareholders last decade. Companies ranging from Honeywell International Inc. and General Electric Co. to Dover Corp. and the former United Technologies Corp. faced pressure to break up or otherwise improve their operations...

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    1-24 of 572 1 2 3 4 ... 22 23 24 »
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