Sentences with phrase «shareholder activist on»

Posted in About, Activist Investors, Catalysts, Stocks, tagged Activism, Activist investing, Shareholder activist on October 18, 2010 1 Comment»

Not exact matches

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

«But in fact, the new «activist» investors pushed for seats on boards and pressured management into policies that were viewed as more «shareholder - friendly» — meaning friendlier to short - term investors — including increasing dividends and buyouts.»

Over the years, these aggressive shareholders and practices took on different names: corporate raiders, leveraged buyouts, activist investors.

Yahoo had to deal with some nasty shareholder activist campaigns, and several readers asked about your thoughts on activism.

The activist fund has since then built up a 9 percent stake and is asking for changes at the board at a shareholders vote on April 24.

This is exactly the opportunity the activists are availing themselves of by contacting blocks of shareholders to exchange views on underperforming companies and collaborating on remedies.

On Wednesday, activist investor and Yahoo shareholder, Starboard Value's Jeffrey Smith, wrote a strongly worded letter criticizing the company's board and calling for CEO Marissa Mayer to step down.

MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

That put him on the opposite side of the table from activist investor Carl Icahn, who turned into Herbalife's largest shareholder even as Ackman mounted a campaign against the company.

April 24 (Reuters)- U.S. supermarket operator Supervalu Inc said on Tuesday it would sell eight of its distribution centers to an undisclosed buyer for about $ 483 million following pressure from activist shareholders, sending its shares up 3 percent.

The company's outgoing CEO Michael Pearson will be testifying before the Senate Special Committee on Aging late Wednesday afternoon, along with activist investor William Ackman, a majority shareholder and board member, and Howard Schiller, a director and former chief financial officer.

We'd love to see activists with the resources to take on big companies make a push to better align executive compensation with long - term shareholder value.

So increasing focus on shareholder - friendly corporate governance, the rising clout of activist investors and the robust market for corporate control are all manifestations of the fact that shareholders want big companies to give them back their cash, and that companies are increasingly willing to do so.

On the eve of a special shareholders» meeting last May by Taseko Mines Ltd. (TSX: TKO), activist shareholder Raging River Capital LP threw in the towel.

Only shareholder activist Ralph Whitworth wasn't on the board when HP authorized Apotheker to buy Autonomy in August 2011.

April 6 U.S. supermarket operator Supervalu Inc is exploring a potential sale following pressure from activist shareholders, including Blackwells Capital LLC, a person familiar with the matter said on Friday.

Apple chief executive Tim Cook is scheduled to meet with shareholder activist Carl Icahn on Monday in New York City, according to a report.

CEOs need to be devising strategy, working with board members, energizing organizations, and dealing with shareholders, but most leaders are ill prepared to handle an activist shareholder who comes at the company with a proxy fight and wins seats on the board.

«Despite the continued support of attacks by activist hedge funds by the Chair of the SEC, and many «Chicago school» academics who continue to rely on discredited statistics, there is growing recognition by institutional investors and prominent «new school» economists of the threat to corporations and their shareholders and to the economy of these attacks -LSB-...]

The attempted raids on McDonalds and other companies in recent years provide object lessons in this destructive financial policy of «shareholder activists.»

The phenomenon is the result of several converging forces: pressure from activist shareholders; executive compensation programs that tie pay to per - share earnings and share prices that buybacks can boost; increased global competition; and fear of making long - term bets on products and services that may not pay off.

Among the topics on the agenda: the evolution of shareholder activism and research findings about activist funds» returns, the amended Shareholder Rights Directive (EU) 2017/828, litigation and its effectiveness as tool for activist investors, and what can an issuer do to adequately address activists» new shareholder activism and research findings about activist funds» returns, the amended Shareholder Rights Directive (EU) 2017/828, litigation and its effectiveness as tool for activist investors, and what can an issuer do to adequately address activists» new Shareholder Rights Directive (EU) 2017/828, litigation and its effectiveness as tool for activist investors, and what can an issuer do to adequately address activists» new challenges.

But it's certain that if Tim Hortons had not entertained Burger King's offer, Ackman, an activist investor famous for his pitched battles with companies — whose stake in Burger King has already earned him an additional US$ 200 million on the takeover news — would have sparked an ugly shareholder battle over Tim's.

Indeed, shareholder policy preferences can shift very rapidly when activist shareholders arrive on scene and demand sweeping changes in core policies.

As I discuss in my recent paper, First Amendment and Corporate Governance, shareholder voting on corporate speech could amplify activist business skeptics while muting the diversified shareholders who would prefer that business views be heard.

It's true that the activist investors on the Exxon vote likely include heavy hitters like financial firms BlackRock, Vanguard and State Street (though the specific votes are not made public), which are the company's biggest shareholders, owning more than 18 percent of the stock.

On today's show we talk about: Berkshire's 2017 shareholder letter Will Berkshire Hathaway eventually get broken up by activists?

BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry, and the company's previously disclosed review of strategic alternatives.

Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.

Tatts shareholders will vote on the Tabcorp merger on November 30, but activist investor Sandon Capital say they should reject the merger.

The independent directors of Newell Brands on March 14 criticized the tactics of activist hedge fund Starboard Value and its allies, which are waging a proxy fight for control of the consumer - brands group, and urged shareholders to back management's turnaround plan.

Duperreault arguably owes his new job to pressure put on AIG by activist investor Carl Icahn, who has been agitating for new management to join the company and move to split it up and sell the parts to unlock value for shareholders.

Our lunch meetings typically focus on the best ways to solve particular challenges, from engaging activist shareholders to honing messaging skills and applying new accounting rules.

Si2 provides overview reports on the main environmental, social and governance issues raised by activist shareholders in their proposals to companies, as well as impartial breakout reports on the proposals awaiting votes at companies.

This system — an outgrowth of postwar reconstruction — was designed to strengthen business relationships and keep investors around for the long haul, but also had the effect of dissuading activist shareholders and creating a drag on asset efficiency.

excerpt: «After being pestered for years by shareholder activists, Exxon has agreed to produce a public document on its «carbon asset risk.»

Newell Brands on Feb. 9 said it had received notice from activist investor Starboard Value that it intends to nominate 10 candidates to replace the consumer - products company's board at its annual shareholder meeting this spring.

LONDON Major Barclays shareholders will baulk at any bid by activist Edward Bramson to gain a seat on the bank's board, despite giving their cautious backing to the biggest bet of his career.

Twitter is a public company, which raises an issue that has often puzzled me: Why don't conservative activists use SEC Rule 14a - 8 (the so - called shareholder proposal rule) to put proposals on corporate proxy statements?

Activist shareholder Carl Icahn named four nominees to the Xerox board on Dec. 11.

Moreover, many advisers said that executives now feared that spending money on a deal rather than returning it to shareholders would invite activist scrutiny.

A recent study conducted by April Klein and Emanuel Zur on shareholder activism found that stock prices of companies targeted by activist investors earn 10.2 % average returns during the period surrounding an activist's ownership disclosure and an additional 11.4 % abnormal return during the following year.

If you had already invested in the company before Icahn's move, you will have enjoyed the famous Icahn lift — a term coined to describe how Icahn's reputation to unlock shareholder value often provokes an additional rise in a company's share price once the activist investor steps on the scene.

On today's show we talk about: Berkshire's 2017 shareholder letter Will Berkshire Hathaway eventually get broken up by activists?

Posted in Activist Investors, Carl Icahn, Shareholder Activism, tagged Carl Icahn, Sum - of - the - parts valuation, Value investing on October 15, 2012 2 Comments»

This may be relevant, as it has some sharp / activist shareholders on the register, including IIU.

Second, it's got a veritable roster of large shareholders & activists on its board / share register, so I'd be less than surprised here to see an ultimate push for a wind - down, or other value - realization strategy.

In summary, we have a compelling investment thesis (German property), great underlying property fundamentals and valuations, a good margin of safety with a Net LTV of 58 %, and a potential catalyst in the form of activist shareholders on the share register and, most importantly, the board.

Carlisle's work succeeds on two levels: It is both a gripping account of some of the most notable episodes in the history of shareholder activism as well as an instructive guide to profiting from mean reversion and activist opportunities in today's market.