Sentences with phrase «from shareholder activists»
Barnes & Noble Inc., put itself up for sale Tuesday, succumbing to pressure from shareholder activists as digital books erode the traditional business of the nation's largest bookstore chain.
https://www.wsj.com/ Not exact matches
A report from activist shareholder Spring Owl Investments that called for Dauman's removal due to the underperformance of the stock seemed like it was shouting into the wind.
Hess announced in May that it will exit its retail, energy marketing and energy trading businesses following pressure from its third - largest shareholder — activist investor Elliott Management — to break up the firm.
We envy them all and want to emulate them but know that they are just people dealing with struggles of a different magnitude from the pressures of going public, the pressures of pricing competition, the pressures of over-reaching of journalists and regulators and the pressures of activist public shareholders with short - term expectations.
Whole Foods hired the advisory firm Evercore Partners earlier this year to defend itself from pressure by activist shareholder Jana Partners, which announced in April it had amassed an 8.3 percent stake and pushed for changes to the Whole Foods board of directors.
The company and Allen have recently come under attack from an activist shareholder who says Allen has mismanaged the company.
Hess announced in May that it will sell its retail, energy marketing and energy trading businesses following pressure from its third - largest shareholder — activist investor Elliott Management — to break up the firm.
Breen and Liveris were apparently reacting to pressure from activist investors including Peltz and Third Point's Dan Loeb to resort to financial engineering to create immediate shareholder value.
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.
Camber Capital Management, a hedge fund with an activist history, has purchased 5.7 million shares of Tenet Healthcare Corp., or a 5.7 % stake in the money - losing hospital chain.The emergence of Camber was disclosed Monday, just three days after Tenet's largest shareholder, Glenview Capital Management, resigned two Tenet board seats, citing irreconcilable differences with management and the board.Glenview Capital, which owns an 18 % stake in Tenet, gave notice Friday that it would no longer participate in a stand - still agreement that had prevented it from launching a proxy fight for control of the company.Tenet investors welcomed the Camber disclosure Monday, driving up Tenet's stock price to $ 2.18, or 15 %, to $ 16.63 as of 12:30 p.m. ET.Tenet is the nation's third - largest investor - owned
** 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.
Truly strategic boards will think like activists, put in place good governance practices, stay connected to messaging from Institutional Shareholder Services and Glass, Lewis & Co. and communicate with shareholders all year long.
If it sides with Elliott, the activist fund could take control from top shareholder Vivendi.
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.
But there's an added complication, which is activist shareholders, and their increased presence seems to me different from the normal ebb and flow among the three parties.
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.
I certainly favor significantly increasing the ownership threshold, but I also believe that the rule needs substantive changes to prevent activists from meddling in matters that are appropriately the responsibility of the board and management rather than shareholders.
Those stories repeat elsewhere and explain why many activist campaigns to wrestle more shareholder cash from hoarding or profligate CEOs are succeeding.
There's nothing like a scandal to encourage board refreshment — except maybe a scandal, plus pressure from activist shareholders.
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.
There are countless ways to look at the implications of Amazon's proposed $ 13.7 billion takeover of Whole Foods, that it's the latest salvo in the battle between Amazon and Walmart to be the one place where everyone shops for everything, that it's a disruption to the supply chain model in the grocery business, or that it's nothing more than a marriage of convenience to save Whole Foods from the ire of its activist shareholders.
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.
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.
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.
A well - known activist investor suggested that Coca - Cola (NYSE: KO) might be taken private and that the notion might garner support from nine percent shareholder Warren Buffett.
The latest wave of activist - investor involvement has led to a record number of spinoffs, divestitures and various other strategic reorganizations in 2014, many of which often elicit cheers from shareholders.
Worse, the merger price was even below the amount that shareholders would have received in the company's planned phased liquidation, which the company was considering under pressure from Elliott Management, an activist hedge fund and holder of approximate 15 % of American Capital stock.
The bottom line is that Nelson Peltz, perhaps the most prolific and successful food and restaurant shareholder activist of all time, may have trimmed his exposure in this sector, but he's likely only easing off the trigger as opposed to removing the ammo from the gun.
Signed by the leading deal lawyer Martin Lipton and seven other Wachtell partners, the memo proposes that company boards consider adopting a bylaw prohibiting shareholder activists from compensating director nominees.
That sounds awfully like the activist shareholder model that's currently being exercised by state Comptroller Tom DiNapoli, who has sought to squeeze reforms from major companies the state's pension fund has invested in, including greater disclosure of their political activity.
Tim further noted that pension funds and endowments are aware of these trends, but they will need reminders from activists and activist shareholders alike.
The documents emerged from negotiations with several activist shareholder groups that had pressed Exxon Mobil to disclose to investors the risks it faces from climate change and steps the company was taking to reduce such risks.
When executives at Pearson, the world's largest for - profit education company, held their London shareholder meeting Friday, they were greeted by activists from the American Federation of Teachers, urging them to oppose so - called «gag orders» restricting teachers from revealing information about Pearson's Common Core tests.
If Mr. Rahim can garner the support from the two activist funds and drive cost cutting while providing better leadership at the firm, shareholders could be rewarded.
The authors seek to address the questions posed by «critics and regulators» about the benefits of hedge fund activism to shareholders and the claim that hedge fund activists «destroy value by distracting managers from long - term projects.»
As I said above, Bill Ackman differs from most value investors in that he is also an activist shareholder.
And even if current management is the reason for a poor occupancy level, one can hope to benefit ultimately from a low original entry price, new activist shareholders appearing or even a takeover bid from a better managed (or financed) company.
He built his clout by lining up support from InfuSystem's largest shareholder as well as a veteran activist investor.
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.
From my perspective, I was actually v encouraged by the added shareholder value arising from the company's smart & v chunky share buyback programme, and by the presence (until recently) of an activist shareholder, Everest FundsFrom my perspective, I was actually v encouraged by the added shareholder value arising from the company's smart & v chunky share buyback programme, and by the presence (until recently) of an activist shareholder, Everest Fundsfrom the company's smart & v chunky share buyback programme, and by the presence (until recently) of an activist shareholder, Everest Funds **.
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.
In these instances in which a group effectively controls the company, there will be little noise from activist shareholders.
«Instead, the authors — and other «Keep It In the Ground» activists — just want to attack a handful of companies and try to extract value from their shareholders in court.»
During the 14 April shareholder meeting BP faced a number of questions on climate change from both institutional investors and activist shareholders.
Seattle, WA — Activists with the «Starbucks: Break Free From Plastic» coalition gathered today at the Starbucks annual shareholder meeting in Seattle, delivering a petition signed by more than 973,000 people calling on the coffee giant to take accountability for its contribution to the growing plastic pollution crisis.
Is the fossil fuel movement at risk from activist shareholders and the divestment movement?
Instead of the accusation from Schneiderman et al. being that Exxon engaged in racketeering in order to misinform its shareholders about the certainty of man - caused global warming, the question should be asked if a particular clique of enviro - activists (Gore, Oreskes, Gelbspan and those at «Greenpeace USA née Ozone Action» http://gelbspanfiles.com/?p=4482) instead engaged in racketeering when it comes to hoodwinking environmentalist donors about the certainty that skeptic climate scientists are «industry - paid crooks.»
The highly public nature of this opposition has caused numerous investor groups and shareholder activists to call on 17 different banks, including Wells Fargo and TD Securities, to divest from financing the pipeline.
«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.