-
Star Wars Creator George Lucas Pledges Support In Activist Battle: The Force Is With Disney
Tuesday, March 19, 2024 - 12:03pm | 630An activist battle against media giant Walt Disney Co (NYSE:DIS) has several investors fighting to make changes at the company. Disney may have secured a key win ahead of its April annual meeting with the force of George Lucas. What Happened: A household name to many movie fans, Lucas founded...
-
Activist Investor Barington Pushes For Major Overhaul At Hanesbrands: Report
Tuesday, August 8, 2023 - 10:39am | 571Apparel manufacturer Hanesbrands Inc. (NYSE: HBI) is attracting the attention of activist investor Barington Capital, which is urging the company to make significant changes to its board and enact strategies to reverse the decline in its stock value. Barington Capital has acquired an undisclosed...
-
Elliott Seeks 6 Directors On Public Storage Board After Acquiring Substantial Stake
Monday, December 14, 2020 - 12:45am | 467Activist hedge fund Elliott Management Corp. has acquired a significant stake in self-storage service provider Public Storage (NYSE: PSA), the Wall Street Journal reported Sunday — citing people familiar with the matter. What Happened: Public Storage said in a statement...
-
How To Invest Like Carl Icahn
Saturday, November 21, 2020 - 11:14am | 413Carl Icahn is one of the most noted activist investors of the last 50 years. About Carl Icahn: Carl Icahn runs the Icahn Enterprises (NASDAQ: IEP) conglomerate, which is a holding company owning assets in the railway, casino, auto parts and mining industries. Icahn is the 39th richest person in the...
-
Trump Uses Activist Investor's Move On AT&T To Renew Criticism Of CNN
Monday, September 9, 2019 - 10:10am | 638President Donald Trump on Monday praised an activist investor’s move to take a stake in AT&T Inc. (NYSE: T) and used the fund’s criticism of its acquisitions strategy to reiterate his own animosity toward news network CNN, which is owned by AT&T’s WarnerMedia, formerly...
-
Inside The NTN Buzztime Proxy Fight
Wednesday, May 2, 2018 - 5:17pm | 500NTN Buzztime Inc (NYSE: NTN) shareholder Sean Gordon, who owns roughly 9 percent of the company, is making a push to join the company’s board of directors. Up to this point, NTN Buzztime has not been receptive to the idea of nominating Gordon, and the company said a proxy fight could be...
-
Corvex's Keith Meister Talks Strategy, Recent Success In Bio-Rad
Thursday, April 27, 2017 - 1:58pm | 393Keith Meister, founder of Corvex Management, was interviewed by CNBC's David Faber at the 13D Monitor's 8th annual Active-Passive Investor Summit. Meister said he will be presenting a case-story on how an activist investor can collaborate with a company to achieve mutually desired outcomes...
-
Carl Icahn's Latest Gig: Advising President-Elect Trump On Overhauling Federal Regulations
Thursday, December 22, 2016 - 9:10am | 327Billionaire activist investor Carl Icahn was tapped by President-elect Donald Trump to help implement new business-friendly regulations that can help American companies get rid of red tape and better compete in the international stage. He will also act in a non-official capacity, won't...
-
The Bulldogs Of Closed-End Fund Investing
Monday, March 21, 2016 - 3:59pm | 1575Last week, I had a chance to spend some time chatting with Rajeev Das, Head Trader and a principal at Bulldog Investors. Bulldog is one of the leading firms in the fascinating and potentially lucrative closed-end fund activism business. I have long been a fan of buying discounted closed-end funds...
-
Does Warren Buffett Play By His Own Rules?
Friday, November 13, 2015 - 11:27am | 489The Wall Street Journal opined that Wall Street's relationship with legendary investor Warren Buffett has turned "openly testy." Buffett said last month that activist investors are akin to sharks that "have to keep swimming." WSJ added that Buffett "pursues...
-
Clinton To Take A Stand On Activist Investing
Tuesday, July 21, 2015 - 1:00pm | 333Wall Street has long debated the positives and negatives that activist investors bring to the marketplace. On one hand, they create a voice for the shareholders and hold companies accountable for maximizing value, but on the other, they often bully corporations into making decisions that may not be...
-
Morgan Stanley Comments On Leonard Green's Stake In Bed Bath & Beyond, Asks If The Market Overreacted
Monday, May 18, 2015 - 3:08pm | 314In a report published Monday, Morgan Stanley analyst Simeon Gutman commented on Leonard Green & Partners disclosure on Friday that it owns 0.6 percent of Bed Bath & Beyond Inc. (NASDAQ: BBBY) Shares of Bed Bath & Beyond rose more than 5 percent following the disclosure. According to...
-
Shutterfly Open To Transactions Offering 'Compelling Value'
Thursday, May 14, 2015 - 11:27am | 379Online photography company Shutterfly, Inc. (NASDAQ: SFLY) will continue to explore and consider acquisition offers that could provide "compelling value," The Wall Street Journal reported on Wednesday. Shutterfly is in the middle of an activist battle and proxy fight with Marathon Partners Equity...
-
Carl Icahn On How Investors Could Profit In 2015 (Hint: Buy Apple)
Monday, November 24, 2014 - 1:27pm | 360Carl Icahn was asked by The Economist to write an article on how investors could profit in 2015. "At the risk of being a bit facetious, I would say: become a Twitter follower and read my future tweets," Icahn humorously wrote. The billionaire investor went on to offer investors some...
-
9 Widely Overlooked Small Banks That Offer Big Profit Potential
Tuesday, November 18, 2014 - 2:51pm | 887Last week we talked about riding the coattails of bank stock activists to earn outsized profits in the stock market. A study released by analysts at Sterne Agee as well as the practical experience of investors in the sector tell us that the presence of an activist in a small regional or...