Sentences with phrase «shareholder activists say»

Not exact matches

May 2 - Xerox Corp said its CEO and several board members will step down to settle a suit brought by activist shareholders who had opposed a $ 6.1 billion deal with Japan's Fujifilm Holdings.

Xerox said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason.

This follows a lawsuit by activist investor Darwin Deason, who along with fellow Xerox shareholder Carl Icahn has said the deal substantially undervalues Xerox.

Activist investor Carl Icahn says he will nominate four people to join the board of Xerox at the annual shareholder meeting next year.

The company and Allen have recently come under attack from an activist shareholder who says Allen has mismanaged the company.

«The best way to keep activists away is to perform reasonably well in your business and to communicate with your shareholders,» he said.

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.

Prominent corporate lawyer Martin Lipton says that settling might be the better way to go for DuPont and other companies battling against activist shareholders.

In Italy, Telecom Italia chief Amos Genish said that his position in the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reported.

** 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.

NEW YORK / TOKYO (Reuters)- Xerox Corp (XRX.N) said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings (4901.

T) said it would file an objection with a U.S. court over a settlement announced earlier between Xerox Corp (XRX.N) and activist shareholders who oppose a $ 6.1 billion deal between the two companies.

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.

NEW YORK / TOKYO Xerox Corp said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings.

Telecom Italia CEO Amos Genish said his position at Italy's biggest phone group would be «untenable» if activist fund Elliott manages to win the majority of board seats at a shareholder vote.

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

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.

«We recognize activist investors often advocate for firms to return excess cash to shareholders via buybacks,» Goldman's chief strategist David J. Kostin and others said in a note to clients.

Coincide, or not, Carl Icahn wrote a letter to Apple shareholders today saying that there is «no reason to persist» with his offer and that the activist hedge fund is «extremely excited about Apple's future.»

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

Late Thursday night, Xerox released a statement saying that its current board and management team will stay in place, after a settlement agreement it had reached with two activist shareholders has expired.

As I said above, Bill Ackman differs from most value investors in that he is also an activist shareholder.

I say «negative» because with a majority shareholder there is little or no possibility that an activist investor can influence management to adopt a more shareholder - friendly capital allocation stance.

The activist, Jaguar Financial Corporation, says the group want a sale of the company as a whole or in parts, and the replacement of co-CEOs Mike Lazaridis and Jim Balsillie, RIMM's two largest shareholders.

VNDA was a net - net company, had an activist investor, and the board didn't need to be threatened with a proxy fight; they said right from the beginning that if their drug didn't receive FDA approval that they would immediately liquidate the company to the shareholders.

Shareholder activist Nell Minow says companies shouldn't use the poison put if their object is to disenfranchise stockholders:

«I took a page from the mainstream activists and corporate raiders like Carl Icahn,» said Natasha Lamb, director of equity research and shareholder engagement at Arjuna Capital.

«Problems could arise if activist shareholders, who are already revolting over excessive pay packages, decide they want to use this vote as an opportunity to attack directors that they think are taking advantage of their position by accepting overly lavish entertainment or gifts,» he says.

«It's also a question of credibility, it's not just the activist that you're dealing with but how the other shareholders line up in the process,» said Lampe.

Nussbaum described the VEB shareholder group as a Ralph Nader - like activist organization and said it is using the Dutch courts to voice its concerns about the deal.