activist investor

Activist investor Elliott Investment Management has amassed a $2.5 billion stake in Phillips 66 (NYSE:PSX), significantly expanding its position in the U.S. oil refiner and intensifying pressure for operational restructuring, particularly regarding its midstream business. Elliott's latest...

BP p.l.c. (NYSE:BP) shares are trading higher Monday after the Wall Street Journal reported that activist investment fund Elliot Management had taken a stake in the London-based oil company. BP is also set to report its fourth-quarter results ahead of Tuesday's opening bell. Here's a look at what...

During a turbulent month for United States Steel Corp (NYSE:X) following its blocked merger with Nippon Steel, activist investor Ancora accelerated a proxy fight in an attempt to force the Pittsburgh, Pennsylvania-based company to abandon its plans to fight to merge. Ancora, which owns a 0.18%...

A week before releasing its earnings report, an activist investor has taken a stake in Cheesecake Factory (NASDAQ:CAKE) and is reportedly urging the company to spin off three smaller brands into a separate public entity. Following the report, the company shot up during the pre-market...

In a strategic move, Elliott Investment Management has launched a podcast targeting Southwest Airlines Co. (NYSE:LUV) shareholders. The activist firm, which holds an 11% stake in the airline, is pushing for significant leadership changes, including a new CEO and board members. What Happened: Last...

Starboard Value, an activist investor, has reportedly acquired a substantial stake in Kenvue Inc (NYSE:KVUE), the company behind popular consumer products like Tylenol and Listerine. What Happened: Starboard Value is pushing for changes at Kenvue, which was spun off from Johnson & Johnson (NYSE...

Activist investor Starboard Value has invested approximately $1 billion in Pfizer Inc (NYSE:PFE). This strategic move occurs as the pharmaceutical giant grapples with a downturn in demand for its COVID-19 vaccines and treatments. What Happened: Starboard has engaged former Pfizer executives, Ian...

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:SBUX), which recently announced a new CEO. A new 13F filing reveals three other key areas Elliott is increasing focus on. Match Group: Online dating company Match Group Inc...

Editor's Note: The story has been updated with a response from Autodesk spokesperson on the report. Activist investor Starboard Value has reportedly acquired a significant stake in Autodesk Inc (NASDAQ:ADSK) and is advocating for changes within the company. Autodesk’s architecture,...

Editor’s Note: The article has been updated with a response from Trian Partners. Activist investor Nelson Peltz has divested his entire stake in Disney (NYSE:DIS) at approximately $120 each, netting around $1 billion. What Happened: The sale follows a recent proxy battle loss for Peltz’...

One of the key figures in the GameStop Corporation (NYSE:GME) short squeeze of 2021 is set to appear on "Benzinga Live" Thursday, sharing an update on his previous bearish take on the video game retailer. What Happened: Activist investor, short seller, and Citron Research founder Andrew Left...

Media giant Walt Disney Co (NYSE:DIS) saw its stock hit nine-year lows in August 2023. Since that time, shares have rebounded and a key lingering negative item has been settled. With an activist battle ready to play out next week, here's a look at how recent wins by the company could minimize the...

An activist battle against leading media company Walt Disney Co (NYSE:DIS) has been in the works for over a year and has escalated in recent months. Here's an update on the battle against Disney and key items an activist battle thinks could help the media giant. What Happened: Activist investor...

In a recent development, the grandchildren of Walt Disney and Roy Disney, the founders of Walt Disney Co (NYSE:DIS), have taken a stand in support of CEO Bob Iger and the company’s board. They have criticized and opposed the activist investors who have been challenging the company’s...

In a recent development, activist investors are leveraging a court ruling that could potentially reshape Tesla Inc.’s (NASDAQ:TSLA) corporate governance, potentially curtailing Elon Musk’s influence. What Happened: A Delaware judge’s decision to nullify Musk’s approximately...