The first trend is the increased presence
of activist investors in the REIT space.
In support of this argument I cite the recent experiences
of activist investors in Japan, and Bildersee, Cheh and Zutshi's The performance of Japanese common stocks in relation to their net current asset values (yes, it supports both sides of the argument).
In support of this argument I cite the recent experiences
of activist investors in Japan, and Bildersee, Cheh and Zutshi's The performance of Japanese common stocks in relation to -LSB-...]
I believe that this phenomenon led to the emergence
of activist investors in the small cap sector over the last decade.
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.
The purchase
of the stake means Starboard will become the second
activist investor within months to push for a change
in strategy.
Procter & Gamble (pg) waged a number
of battles last year with
activist investor Nelson Peltz, who succeeded
in gaining a board seat after months
of fighting.
Activist investor Bill Ackman
of Pershing Square Capital — a business partner with Valeant
in its failed bid last year for Allergan — offered a spirited defence
of the company
in a conference call Friday that lasted nearly four hours.
He points to
activist investors as a particular thorn
in the side
of management, forcing it to focus on quarter - to - quarter earnings and giving up board seats instead
of investing
in research and development.
In honor
of Equal Pay Day 2018, Fortune sat down with the
activist investor to talk about how — and why — she engages with companies on the issue
of pay equity.
In after - hours trading on Tuesday, Panera's shares rose about 4 %, while Buffalo's grew 5.3 %, as that stock continues to benefit from a jolt in the wake of interest from an activist investo
In after - hours trading on Tuesday, Panera's shares rose about 4 %, while Buffalo's grew 5.3 %, as that stock continues to benefit from a jolt
in the wake of interest from an activist investo
in the wake
of interest from an
activist investor.
P&G is
in the crosshairs
of activist investor Nelson Peltz's Trian Fund Management, which — with its roughly $ 3 billion stake
in the consumer goods giant — is waging the biggest proxy fight
in history for a seat on its board.
The company has been a fancy
of activist investors such as Pershing Square's William Ackman, who sold the stake after spending 18 months trying to repair the company and suffering more than $ 3 billion
in losses.
Ackman, one
of the industry's most prominent
activist investors, said
in January that redemption requests had been modest late last year when losses were already piling up.
Costs are both financial, including listing fees and the expenses associated with mandatory disclosures and other regulatory requirements, and less tangible, such as the perceived burden
of quarterly earnings releases, the risk
of being targeted by
activist investors, and higher visibility that can result
in political or competitive pressure.
Among the lowlights
of the retailer's continuing, soap - operatic slide
in 2013: CEO Ron Johnson resigned
in April after all
of 16 months on the job; the company had to apologize to customers for alienating them with new store concepts; and
activist investor Bill Ackman, who stepped down from the board
in August, swallowed a $ 470 million loss upon selling his Penney's stake.
In his all - out fight against Herbalife, is the
activist investor assuming the role
of judge, jury, and executioner?
Pandora has been urged to explore a sale by Corvex Management LP, a hedge fund run by Keith Meister, a protégé
of activist investor Carl Icahn, after it disclosed a 9.9 percent stake
in Pandora
in May.
Valeant, backed by
activist investor Bill Ackman, whose Pershing Square Capital Investment holds some 10 per cent
of Allergan stock, originally announced its takeover bid back
in April and has since boosted it twice to some US$ 53 billion.
Shortly after Elliott's investment
in TIM became known, state lender CDP bought a 4.8 percent stake, a move seen as political endorsement
of the
activist investor.
The U.S. market, where
investors like Singer, Boone Pickens and Carl Icahn sprang up
in the 1970s and 1980s, has a long history
of so - called «
activists».
As if Nooyi wasn't facing enough pressure, she soon had to contend with a major
activist investor: Nelson Peltz, who took a stake
in the company and began agitating for PepsiCo to undo its merger
of Pepsi and Frito - Lay, just as Kraft (KRFT) had spun off Mondelez after a similar campaign by Peltz.
Bryant's departure follows a pattern that we've now seen repeated
in the industry: Longtime CEOs are stepping aside as they battle
activist investors, the pressure to implement the 3G - backed Kraft Heinz model
of cost cutting, consumers eschewing their processed products, and pressure to slash their prices from retailers fending off Amazon (amzn).
Buoyed by an unquenchable thirst for short - term stock gains, traders and
activist investors are mounting pressure on a wide array
of companies to cut research and capital expenditures
in order to increase stock buybacks and thus boost stock prices.
Elliott had originally invested
in the obscure financial stock as part
of an arbitrage trade, but when a colleague saw that the company was laying groundwork to shield itself from
activist investors, he went across the hall to Cohn for the first time.
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.
The
activist investor appeared from the sidelines of 13D Monitor's Annual Active - Passive Investor Summit in New Yo
investor appeared from the sidelines
of 13D Monitor's Annual Active - Passive
Investor Summit in New Yo
Investor Summit
in New York City.
Carl Icahn, billionaire
activist investor, waits for Donald Trump, president and chief executive
of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event
in New York, U.S., on Tuesday, April 19, 2016.
In crafting it, she took into account board composition and tenure, capital ratio and compensation, working down a checklist
of anything and everything that might make the company an attractive target for
activist investors.
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
The mixed sales results for its fiscal first quarter are likely to give both sides
of the ongoing fight between P&G and
activist investor Nelson Peltz ammunition
in their continued war
of words.
Investor activist Carl Icahn has submitted an advisory proposal asking Apple to increase the size
of its stock buyback program
in 2014 to $ 50 billion.
In this special report, we identify and provide specific examples of the red flags you should be on the lookout for when activist investors begin building a large position in a compan
In this special report, we identify and provide specific examples
of the red flags you should be on the lookout for when
activist investors begin building a large position
in a compan
in a company.
A stake purchase by the
activist investor could add friction
in a potential merger
of the $ 53 bln software company with its controlling shareholder Dell.
It was an apparent win for the
activist investor, who recently exited his $ 1 billion short position
in Herbalife that likely cost his firm hundreds
of millions
of dollars, according to the Journal.
Meanwhile, ASIC chairman James Shipton told The Australian Financial Review Banking & Wealth Summit the regulator was highly attuned to the fact the interests and actions
of global
investors intersected with the Australian market,
in response to a question posed about
activist shorts zeroing -
in on Australian companies.
Activist investor Nelson Peltz holds a $ 1.6 billion stake
in DD and believes a breakup
of the company will unlock shareholder value.
The fact that I can make so much money as an
activist investor shows that something's wrong with governance
in most
of corporate America.
In 2013 an
activist investor criticized the board at ConMed for a «culture
of nepotism, patronage, and dystopian corporate governance.»
That goal has come to the fore
in some high - profile cases
of late as
activist investors have demanded that executives share the wealth — or risk being unseated.
With many categories
of institutional
investors thus eliminated as potential
activists, we are left mainly with union and state and local pension funds, which
in fact generally have been the most active institutions with respect to corporate governance issues.
One
of the largest
activist investors in the world is taking on his biggest target yet.
Meanwhile, MSCI will sort
of function like an
activist investor, pushing China to liberalize its stock market if it wants a higher weighting
in the MSCI indexes.
A fall
in shares
in Sage Group PLC was also dragging on the FTSE 100 index, but a surge for Costa Coffee parent Whitbread PLC on news
of an
activist investor stake helped limit the drop.
Activist investor techniques, both short and long term, will increasingly be adopted by traditional money managers
in pursuit
of alpha.
A powerful
activist investor group called for Mark Zuckerberg to step down
in a statement today, citing new admissions
of irresponsibility
in the CEO's planned testimony to the House Energy and Commerce Committee.
Activist investor Carl Icahn plans to nominate a slate
of directors for Oklahoma - based SandRidge Energy, he and various investment vehicles said
in a filing with the Securities and Exchange Commission on April 4.
Activist investors had success
in prompting GM to return money to shareholders
in the form
of $ 5 billion
in share buybacks.
The company, which has seen its revenues fall sharply
in recent years, has become a target
of activist investors amid its struggles.
Activist investor Nelson Peltz is
in the middle
of an expensive proxy battle to force changes at the company.