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    1. AMC Backs Off on Vote for More Stock Sales. Reddit Crowd Rejoices

      AMC Backs Off on Vote for More Stock Sales. Reddit Crowd Rejoices

      AMC Entertainment is walking back plans to ask shareholders to allow more stock sales. The meme stock’s retail investors on Reddit couldn’t be happier. On Tuesday, AMC CEO Adam Aron wrote on Twitter that he didn’t think there was enough support from shareholders to authorize the sale of 25 million shares as soon as 2022, despite his backing...

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    2. Activist Investor Targets Videogame Maker After ‘Cyberpunk’ Fiasco

      Activist Investor Targets Videogame Maker After ‘Cyberpunk’ Fiasco

      The economics of a videogame publisher are a lot like a movie studio, where a blockbuster can make or break a company. Optimism was high for Warsaw-listed CD Projekt (ticker: CDR.Poland) ahead of the release of the Cyberpunk 2077 videogame, which features an actual Hollywood star, Keanu Reeves, and has been in development since 2012. But the release has been reminiscent more of Reeves flops such as Johnny Mnemonic than hits like The Matrix...

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      Mentions: Bloomberg Sony Europe
    3. Neuberger Berman to Disclose Proxy Votes for 60-Plus Companies Ahead of Time

      Neuberger Berman to Disclose Proxy Votes for 60-Plus Companies Ahead of Time

      Investment manager Neuberger Berman will disclose ahead of time how it will vote its proxies for 60 or so companies before they hold their annual meetings. The move marks the second year that Neuberger is preannouncing its votes, both for and against corporate management, and explaining its voting rationale...

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    4. Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

      Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

      Carl Icahn, billionaire activist investor, disclosed a stake in Bausch Health. Victor J. Blue/Bloomberg Bausch Health stock got an added boost Friday after billionaire investor Carl Icahn disclosed a 7.8% stake in the pharmaceutical and medical device company. Shares advanced more than 6% in early trading Friday, pushing the stock above a 13-month high. In a regulatory filing, Icahn said he believes Bausch (ticker: BHC) shares are “undervalued” and that he may seek seats on Bausch’s board...

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    5. Dan Loeb Gives Intel Investors Reason to Hope in 2021

      Dan Loeb Gives Intel Investors Reason to Hope in 2021

      Third Point CEO Daniel Loeb David Paul Morris/Bloomberg After a tough year, Intel executives received one last 2020 surprise. It came in the form of a sharply worded letter this past week from activist investor Daniel Loeb. Loeb, CEO of hedge fund Third Point, laid out the need for change at the once pioneering chip maker...

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    6. Future Returns: Corporate Governance Reforms in Japan Draw Investors

      Future Returns: Corporate Governance Reforms in Japan Draw Investors

      Japan is a country of contradictions. Its bullet trains, advanced robotics, and kiosk culture are a model of efficiency, but businesses still rely on paper documents and fax machines. It’s home to some of the most innovative companies in the world, and yet it is the poster child of sluggish growth and an aging population...

       

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    7. Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Investors have been using shareholder resolutions to voice concerns and shape corporate practices to combat racial injustice. Fund companies, with their huge assets and meaningful stakes, can leverage their proxy votes to support these changes. Still, some are more supportive than others...

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    8. Twitter Stock Jumps After Board Stands Behind Jack Dorsey

      Twitter Stock Jumps After Board Stands Behind Jack Dorsey

      Jack Dorsey, chief executive officer of Twitter. Cole Burston/Bloomberg Twitter said in a filing with the Securities and Exchange Commission late Monday that the company’s board of directors had reviewed CEO Jack Dorsey’s leadership and will allow him to remain as top boss. Shares of Twitter (ticker: TWTR) rose nearly 6% to $41.79 early afternoon Tuesday...

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    9. The Number of Black Board Members Surged After George Floyd’s Death

      The Number of Black Board Members Surged After George Floyd’s Death

      The number of Black appointees to Russell 3000 corporate boards surged in the wake of George Floyd’s death and the racial justice movement that ensued, with Procter & Gamble,Pinterest, PepsiCo, Target, and UPSamong the companies that appointed Black directors, according to research that BoardProspects, a digital platform for companies to find board talent and C-suite executives, shared with Barron’s...

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    10. Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges

      Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges

      Crown said Monday it is “open to considering opportunities to create value.” Dreamstime Activist investor Elliott Management is ratcheting up the pressure on Crown Castle . The hedge fund disclosed a $1 billion stake in the Houston-based cell tower firm last month , arguing that Crown wasn’t getting proportional rewards for its hefty investment of time and money in its fiber-cable business...

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    11. The Battle for CoreLogic Is Heating Up

      The Battle for CoreLogic Is Heating Up

      Real-estate-data firm CoreLogic says a $65-per-share bid by Senator Investment Group and Cannae Holdings undervalues the company. Senator and Cannae are looking for a third investor to push the deal. Joe Raedle/Getty Images There has been a paucity of activist fights to track in 2020, but signs suggest that one of this year’s battles is shaping up to be a bruiser...

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    12. Activist Bets That Office Landlords Face a Tough Post-Covid Reset

      Activist Bets That Office Landlords Face a Tough Post-Covid Reset

      Get ready for an office real-estate reset. At least, that’s what activist investor Jonathan Litt of Land & Buildings , known for agitating for change at Taubman Centers and now-private Hudson’s Bay, expects. Litt has reportedly been betting against stocks of New York City office landlords now that expensive, densely populated urban centers have lost some luste r. “The genie is out of the bottle—you can’t put it back in,” Litt tells Barron’s , adding that he expects lower valuations and rents as owners navigate through the pandemic. “Stay alive until 2025,” he quips. Last week Litt ...

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