(Bloomberg)-- Ashford Hospitality Prime Inc., a U.S. hotel owner that has been under
pressure by activist investors, received an unsolicited offer from the Weisman Group to buy the company for about $ 735 million in cash...
Not exact matches
Huntsman abandoned its $ 20 billion merger with Clariant under
pressure from
activist investors led
by Keith Meister's Corvex (through a vehicle called «White Tale»).
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.
Tenet Healthcare, under
pressure from an
activist investor, said on Tuesday it would explore a sale of its Conifer unit, and increase the size of its plan to cut costs
by $ 100 million
by the end of 2018.
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.
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.
Bowing to the
pressure, Chesapeake said this week that four current board members will be replaced with new directors chosen
by two top
investors,
activist Carl C. Icahn and Southeastern Asset Management.
Major clients like Unilever and Procter & Gamble Co. have been cutting marketing costs under
pressure from
activist investors, while companies disrupted
by new technologies have been shaving their advertising budgets.
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.
Rent - A-Center Inc (NASDAQ: RCII) has been under
pressure from
activist investors to explore a sale, and said in early April it plans on reaching a decision
by the second quarter.
In a lengthy profile
by Texas Monthly, he says that Goldman Sachs CEO Lloyd Blankfein was eager to court his business when Whole Foods first came under
pressure from an
activist investor to look for a takeover.
Climate
activists are trying to rally folks around an extreme agenda of halting new fossil - fuel projects, denying natural gas and oil industry's financial support
by pressuring lenders and
investors and pushing for a fast transition to renewable energy.