Sentences with phrase «taken by activist investor»

Not exact matches

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.

In fact I think I was lucky that the shares «only» declined 48 % and that's due the fact that the two large investors have taken an activist role to make sure that most of the remaining cash is returned to shareholder; without them the cash would have probably been «re-invested» by management to keep the company alive (and thus feeding management their salaries) as long as possible.

A study by Greenwood and Schor notes that while a strategy of buying stocks that have been targeted by activist investors generates excess returns, almost all of those returns can be attributed to the subset of these firms that get taken over in hostile acquisitons.