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    1. Why Activist Investors Won't Target Ups (NYSE:UPS) Even After Lackluster Results

      Why Activist Investors Won't Target Ups (NYSE:UPS) Even After Lackluster Results

      United Parcel Services Inc. ( UPS ) shares have been on a downward trajectory for most of the month of February, following another lackluster quarter. Most recently, the shipping giant's shares fell on news that Amazon.com ( AMZN ) may launch a delivery service for businesses, a prospect that could eat into UPS's profits...

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    2. Icahn, Activists Eye New Possibilities Following Market Plunge

      Icahn, Activists Eye New Possibilities Following Market Plunge

      However, for now, he added, that the fundamentals of U.S. companies are sound, especially following sweeping corporate tax break legislation ... Also, Charles Elson, director of the Center for Corporate Governance at the University of Delaware, noted that it now will be that much cheaper for an activist ...

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    3. In Wells Fargo's Board `Refreshment,' There Are No Spa Treatments

      In Wells Fargo's Board `Refreshment,' There Are No Spa Treatments

      "To use the term refreshment is to suggest that this is just business as usual," Nell Minow, vice chair of consultant ValueEdge Advisors, which counsels big investors on corporate governance , said in a telephone interview. "But it's really a euphemism to make it sound like they're just fluffing up the pillows ...

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    4. Corvex's Keith Meister Launches Energen Proxy War

      Corvex's Keith Meister Launches Energen Proxy War

      Corvex Management LP's Keith Meister on Wednesday escalated his effort to drive a sale of Energen Corp. ( EGN ) by nominating a minority-slate of four dissident director candidates to the company's nine-person board. "Today we are nominating four highly-qualified, independent director candidates who will bring fresh perspectives and relevant experience along with a simple mandate—to run the company in the best interests of all shareholders," Meister said in a statement...

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    5. P&G Preps for Nelson Peltz Invasion

      P&G Preps for Nelson Peltz Invasion

      Procter & Gamble Co. ( PG ) beat expectations for earnings per share, met key forecasts for organic revenue growth, adjusted its C-Suite pay packages and hiked its share re-purchase program significantly for the rest of fiscal 2018. In short, the iconic packaged goods company did what it needed to do in the second quarter as it moves to welcome activist investor Nelson Peltz to its board March 1...

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      Mentions: CEO CFO Nelson Peltz
    6. Three Activist Hedge Funds to Watch

      Three Activist Hedge Funds to Watch

      In a year where some of the biggest names in activism—Nelson Peltz, David Einhorn, and Bill Ackman to name a few — had less-than-stellar returns , a few less-known activist hedge fund managers performed surprisingly well. Leading the pack was sometimes-activist investor Voce Capital Management's Daniel Plants, with 19% returns for the year, according to a person familiar with the situation...

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    7. Broadcom, AT&T and Disney Will Definitely Bring Deal Drama in 2018

      Broadcom, AT&T and Disney Will Definitely Bring Deal Drama in 2018

      Even though 2018 has just begun, deal drama is already running high. Broadcom Inc. ( AVGO ) is attempting to replace the board of Qualcomm Inc. ( QCOM ) in a hostile takeover attempt , while the trial for the Department of Justice's lawsuit blocking AT&T Inc.'s ( T ) merger with Time Warner Inc. ( TWX ) will gets under way in the coming months.

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    8. Activist Investors May Use New Tax Law to Push for Big Stock Buybacks

      Activist Investors May Use New Tax Law to Push for Big Stock Buybacks

      Activist investor Glenn Welling of Engaged Capital succeeded last year in getting two directors installed onto the board of Benchmark Electronics Inc. ( BHE ) as part of a campaign targeting reforms to the company's working capital management and capital allocation plans. Afterwards, the company installed a new CEO . Its share price has mostly been on an upward trajectory since, trading recently around $30 a share...

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    9. Elliott's Singer Launches New Hess Campaign

      Elliott's Singer Launches New Hess Campaign

      Elliott Management's Paul Singer is likely eyeing a March 9 deadline for director nominations at oil and gas company Hess Corp. ( HES ) . That's because the billionaire activist investor is reportedly preparing a new fight with the energy company, pushing it to either remove CEO John B. Hess, or to pressure him into considering a sale of the company. Shares of Hess spiked up 6% in after hours trading on the news, to $45.10 a share...

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    10. Ranking the Activists for Proxy Season 2017

      Ranking the Activists for Proxy Season 2017

      Proxy season 2017 was busier than ever for activist investors, with more campaigns launched so far this year than for all of 2016. Overall, there were 803 activist campaigns so far, up from 737 for all of 2016, FactSet reports. Boardroom battles that went the distance still favored management. Of 82 proxy fights that were launched in 2017, 30 went to a vote, and 17 went for management...

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    11. Broadcom's Boardroom Battle With Qualcomm Will Likely Lead to a Higher Bid

      Broadcom's Boardroom Battle With Qualcomm Will Likely Lead to a Higher Bid

      Broadcom Ltd. ( AVGO ) on Monday, Dec. 4, took its hostile $130 billion bid to buy Qualcomm Inc. ( QCOM ) to the chipmaker's shareholders by launching a total boardroom takeover effort intended to help propel its deal effort. The semiconductor company's boardroom battle was expected as Qualcomm last month said it was rejecting Broadcom's unsolicited offer of $70 in cash and stock. The deal, should it ever be consummated, would represent the largest ever technology combination...

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    12. P&G's CEO Is Under Siege as Activist Investor Battle Resurfaces

      P&G's CEO Is Under Siege as Activist Investor Battle Resurfaces

      Procter & Gamble Co. ( PG ) is contesting preliminary results issued last week by an independent election inspector that gave dissident Nelson Peltz a narrow lead in his boardroom battle at the iconic American packaged goods company. On Nov. 17, P&G's election inspector IVS Associates determined that Peltz appeared to have won a director fight, the largest proxy war ever, by the narrowest of margins, about 0.0016% of the vote, or 42,780 shares...

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    13. The Activist Who Drove Whole Foods Sale Is Targeting Outback Steakhouse Owner

      The Activist Who Drove Whole Foods Sale Is Targeting Outback Steakhouse Owner

      Activist investor Jana Partners Barry Rosenstein on Monday launched an activist campaign at Outback Steakhouse owner Bloomin' Brands Inc. ( BLMN ) , suggesting in a securities filing that he may urge the company to consider "exploring a sale" of the business. Bloomin' Brands shares spiked up 12% to $20.84 on the news...

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