-
Here's Why Procter & Gamble Is Wrong In Pushing Peltz Away
Friday, September 8, 2017 - 1:21pm | 669Billionaire activist investor Nelson Peltz thinks Procter & Gamble Co (NYSE: PG)'s current business strategy is flawed, and he has the answers. But the company's management team disagrees and thinks that Peltz's massive 92-page white paper brings no new or credible ideas to the table. But P...
-
Staples Sold Itself At One Of The Lowest Sales Multiples On Record
Thursday, June 29, 2017 - 9:18am | 432Staples, Inc. (NASDAQ: SPLS) agreed to sell itself to the private equity giant Sycamore Partners for $10.25 per share in a transaction that values the retailer shy of $7 billion. Staples' stock has been trading in the discount bin relative to the $17 per share it traded at in 2015 before its...
-
GE's Textbook Financial Discipline In Bidding For SLM Solutions
Thursday, October 27, 2016 - 10:19am | 375General Electric Company (NYSE: GE) proposed in early September to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group for $1.4 billion. Elliott Management, an activist investor and SLM Solutions shareholder initially opposed the deal, arguing the proposed...
-
United Technologies Among The Few Industrial Companies That Impressed Investors
Wednesday, October 26, 2016 - 12:08pm | 415The list of industrial companies that shocked and disappointed the Street is quite notable. Honeywell International Inc. (NYSE: HON) provided a downbeat forecast in early October, Dover Corp (NYSE: DOV) similarly guided its earnings to fall short of estimates. General Electric Company (NYSE: GE...
-
'Ackman's Train' Waiting Too Long At Norfolk Southern
Thursday, February 11, 2016 - 12:13pm | 249Canadian Pacific Railway Limited (NYSE: CP)'s pursuit of Norfolk Southern Corp. (NYSE: NSC) is in "limbo" and it may be "time to move on," Bloomberg's Brooke Sutherland opined in an article on Thursday. Canadian Pacific Railway, backed by Bill Ackman, has been...