You may also know Toby's work at his blog Greenbackd.The book is timely because it looks at the history
of activist investors who we note below are -LSB-...]
Not exact matches
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.
It's a shift from nine years ago, when the best paid hedge funder was an
activist investor who had lived and breathed finance for most
of his career.
HOUSTON, April 4 -
Activist investor Carl Icahn said on Wednesday he plans to nominate directors
who would push for a sale
of SandRidge Energy Inc and may make an offer himself for the embattled Oklahoma City oil and gas producer.
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.
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.
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.
The Sharpie maker's agreement with Starboard comes with an assist from another
activist investor, billionaire Carl Icahn,
who will give up two
of his four seats on the board.
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.
Among the others
who could be out big bucks are the funds
of John Paulson,
who made billions betting against the housing market, and
activist investor Jeff Ubben, whose ValueAct fund had been selling shares
of Valeant this year but still owned nearly 15 million shares
of the company as
of the middle
of 2015.
We include corporate CEOs, the head
of the Canadian public pension fund and an
activist investor, and the heads
of a number
of institutional
investors who manage money on behalf
of a broad range
of Americans.
Carl Icahn, the billionaire
activist investor who has made a career
of pushing companies to make changes to boost shares, published a letter to Apple Inc..
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.
«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-...]
This article discusses
activist investors who are increasingly gaining control
of legacy corporations, forcing them to trim payrolls -LSB-...]
Ackman has said ADP is «very inefficient,» while Rodriguez has compared the
activist investor's efforts to that
of a «spoiled brat»
who «doesn't know what he's talking about.»
He stepped off the board
of eBay in March 2014 after public battles with Carl Icahn, an
activist investor who pushed for the company to split with PayPal, its payments unit.
The proposed «Bring Business to Texas and Fairness in Disclosure Act» (the «Texas Act») is purportedly intended to «foster and promote the immediate and full disclosure
of the individual ownership
of persons
who are
activist investors» and «prohibit discrimination by a proxy advisory firm.»
Fellow billionaire
activist investor Carl Icahn,
who famously had a war
of words with Ackman on CNBC in 2013, took the other side
of Herbalife trade.
The Texas Act would apply to any person
who (i) beneficially owns any securities
of a «Texas - based public company» (defined as a publicly traded company whose «headquarters» are located in Texas) and (ii) is an «
activist investor» (defined as any person
who directly or indirectly nominates or attempts to nominate directors or makes or attempts to make a shareholder proposal with respect to the company).
In addition, any person
who could potentially become an
activist investor of a Texas - based public company and
who solicits money from an
investor must, before accepting money and at least once each year, provide written notice to any such prospective
investor stating that it could potentially become subject to these rules and a copy
of the Texas Act.
Icahn Enterprises is the conglomerate that represents the holdings
of «Icahn - ic»
activist investor Carl Icahn,
who owns over 90 percent
of the company.
In keeping with our penchant for stories about idiosyncratic
investors who trade in odd securities found off the beaten track, we bring you perhaps the best unknown
activist investment
of 2009.
The most public face
of deep value investing is Carl Icahn, known for his «battering - ram personality,»
who has had a long, storied career as a discount options broker, arbitrageur and liquidator
of closed - end mutual funds, corporate raider, and
activist investor.
Investor and blogger Saj Karsan,
who runs the excellent Barel Karsan — Value Investing site, reviewed a copy
of Deep Value: Why
Activist Investors and Other Contrarians Battle for Control
of Losing Corporations.
When probabilistic thinking is applied to the proxy battle the
activist investor, and those
of us
who rely on him to catalyze our deep value investments, gain a counterintuitive and valuable edge!
«We need
activist investors» willing to challenge entrenched managers in underperforming companies — which he said even Vanguard and rival BlackRock,
who each control about 5 percent
of all U.S. stock, are unwilling to do in a meaningful way, because they won't risk annoying corporate retirement managers
who hire the firms to manage their billions.
Cohen, billionaire
activist investor Daniel Loeb and money manager David Ganek were among the throngs
of international collectors
who stormed the fair on June 17 as VIPs got first dibs on works by modern masters and contemporary stars.
Cohen, billionaire
activist investor Daniel Loeb and money manager David Ganek were among the throngs
of international collectors
who yesterday stormed the main art fair as VIPs got first dibs on works by modern masters and contemporary stars.
Pressure came from environmental
activists, indigenous leaders and key institutional
investors, including APG Asset Management and Dutch asset management firm Robeco,
who all questioned the high risk, high cost
of Arctic drilling.
The strongest criticism
of investor engagement tends to come from
activists who prefer divestment from fossil fuel interests.
The company seems to be caving to pressure from
activist investor Carl Icahn
who called for a sale
of the mobile phone business, which is making a loss....
HBC has also come under pressure from
activist investor Jonathan Litt
of Land & Buildings Investment Management,
who is urging the company to monetize some
of its real estate holdings.
News
of the review also came following the urging
of activist investor Jonathan Litt,
of Land & Buildings Investment Management LLC,
who in April wrote that the sale
of Forest City would attract the interest
of many entities.