BOSTON (Reuters) - Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9%, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3% in afterhours trading. The New York-based hedge fund now owns 10.5 million shares in the Naples, Florida-headquartered company which is worth $3.7 billion, the filing said...
Engie SA shareholder Amber Capital on Tuesday encouraged the French energy company to accept Veolia Environnement SA's approach for its stake in Suez SA, arguing that the disposal was a good opportunity and raising concerns over the methods employed by Suez's management...
PRNewswire/ - The Board of Directors of Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI") announced today that Jason Melbourne was appointed to join the RBI Board of Directors as an independent member...
Activist investor Trian Fund Management LP has taken a stake in Comcast Corp. in a bet that the cable giant's shares are undervalued. Trian has accumulated about 20 million shares in Philadelphia-based Comcast, for a roughly $870 million stake or about 0.4% of the company, a person familiar with the matter said. Comcast's market value stood at just under $200 billion Monday afternoon...
Activist investor Cevian Capital has cut its holding in Ericsson to 5.45% of the telecom equipment maker's share capital in order to adjust the relative weights of its portfolio and to free up capital for new investments, Cevian co-founder Christer Gardell said on Wednesday...
AT&T Inc. is taking a fresh look at its DirecTV business, according to people familiar with the matter, exploring a deal for a service wounded by cord-cutting. The telecom and media giant and its advisers at Goldman Sachs Group Inc. have been in talks with private-equity suitors about the satellite TV unit, some of the people said...
The Company has sought to further improve governance of compensation by way of the foregoing. As part of an effort to improve corporate governance, ...
A federal appeals court on Tuesday threw out a sweeping antitrust judgment against Qualcomm Inc., ruling the federal government didn't prove the dominant cellphone chip maker engaged in illegal monopolization. The San Francisco-based Ninth U.S...
Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...
Activist shareholder ValueAct Capital Management has sold its entire stake in British aero-engineer Rolls-Royce Holdings Plc and exited the company almost five years after becoming its biggest shareholder, the Financial Times reported...
Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website. Cevian, which campaigned for a separation of ABB's Power Grids business, now holds 4.89% in the maker of electric car charging stations and industrial robots. The holding is a reduction from its 5.34% stake at the end of 2019, according to ABB's annual report...
Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak. Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt...
...concurred with the recommendation proposed by the Nomination, Remuneration and Corporate Governance Committee, (excluding those who may...
The Guardian Life Insurance Company of America® (Guardian Life), a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace and through government sponsored programs, announced today that Eileen Murray has been elected to its board of directors...
Satsuma Pharmaceuticals, Inc. (Nasdaq: STSA), a clinical-stage biopharmaceutical company, today announced that it has appointed biopharmaceutical industry veteran Thomas M. Soloway to its Board of Directors...
The Allstate Corporation (NYSE: ALL) announced that Rich Hume, Chief Executive Officer of Tech Data Corporation (NASDAQ: TECD), has been elected to Allstate’s board of directors effective June 12. As of that date, the Allstate board will stand at 11 directors...
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp...
In December, Facebook Inc.'s top brass gathered at Mark Zuckerberg 's more than 700-acre, beachfront estate in Kauai, Hawaii, for an unusual board meeting to discuss how to redirect the company after years of turmoil. Changes came, but they weren't what everyone expected, according to people familiar with the gathering. Within months, Facebook announced the departure of two directors, and added a longtime friend of Mr. Zuckerberg's to the board...
Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday...
... industry to Benitec's Board of Directors . Mr. Smith currently serves as the Chief Financial Officer of Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), ...
He is a senior advisor to Stone Canyon Industries Holdings, JUST Capital, G100 and many organizations focusing on corporate governance and long ...
Being a shareholder activist investor isn't such a good look right now. Executives are struggling to keep their companies afloat and their workers employed as the coronavirus spreads, and activists' demands in many cases seem less pertinent than they did just a few weeks ago. That's led many of the investors to walk away from campaigns or settle them early...
U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...
Temporary succession planning could become a more pressing issue in the coming weeks, as companies prepare for the possibility of executive absences related to the coronavirus pandemic, governance experts say. Finance chiefs, long seen as a steady hand within an organization, are likely contenders to temporarily fill a chief executive or chairman post if needed...