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Activists Gonna Activate: Hedge Funds Send Letters To Acorda, Taubman Centers Boards
Monday, August 7, 2017 - 2:41pm | 896Read More...Last week was big for activist investors, with Barington Capital Group and NuOrion Partners toppling Avon Products, Inc. (NYSE: AVP)’s CEO, Nelson Peltz and Bill Ackman forcing out Mondelez International Inc (NASDAQ: MDLZ)’s CEO, and Ackman’s Pershing Square inciting a drop in...
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What Will The New Year Bring For The Casino Industry?
Tuesday, January 3, 2017 - 3:22pm | 632Read More...The year-end gaming revenue numbers from the Macau, China, and Las Vegas markets indicate that the gaming industry finished the year strong in the two largest and most critical markets in the world for investors. However, now that 2017 is officially here, gaming investors are wondering whether that...
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Activist Investor 'Pleased' With Recent Gains In MGM Growth Properties' Stock
Thursday, April 21, 2016 - 11:59am | 283Read More...Land and Buildings, an activist investor and large shareholder of MGM Resorts International (NYSE: MGM) was successful in forcing the company to split its real estate assets into a controlled REIT named MGM Growth Properties LLC (NYSE: MGP) The newly-created entity began trading for the first...
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NorthStar Reaffirms Commitment To Maximizing Shareholder Value, Says Activist Investor's Demand Are An 'Attention-Grabbing Tactic'
Tuesday, March 1, 2016 - 3:55pm | 191Read More...Land and Buildings, an activist investment firm, issued a letter to NorthStar Asset Management Group Inc (NASDAQ: NSAM) which urged the company to explore strategic alternatives to maximize shareholder value, including recombining with Northstar Realty Finance Corp (NYSE: NRF). Related Link:...
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Northstar Realty Surges 20%, Company To Explore Strategic Alternatives
Thursday, February 25, 2016 - 3:17pm | 214Read More...Land and Buildings, an activist investment firm, delivered a letter to NorthStar Asset Management Group Inc (NYSE: NSAM) back in January that called on the company to recombine with Northstar Realty Finance Corp (NYSE: NRF). Related Link: NorthStar Asset Management Group Moves Higher After Activist...
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NorthStar 'Disappointed' After Activist Investor Pushes For A 'Potentially Disruptive' Proxy Context
Friday, January 29, 2016 - 4:04pm | 233Read More...Land and Buildings, an activist investment firm, delivered a letter to NorthStar Asset Management Group Inc (NYSE: NSAM)'s board of directors on January 22, 2016. Land and Buildings' Chief Investment Officer Jonathan Litt said in the letter that NorthStar Asset Management's stock is "materially...
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Here's Why Shares Of FelCor Lodging Trust Surged On Thursday
Thursday, January 28, 2016 - 2:57pm | 326Read More...Shares of FelCor Lodging Trust Incorporated (NYSE: FCH), a real estate investment trust entity that owns a portfolio of upper-upscale and luxury hotels and resorts, surged higher by more than 7 percent on Thursday after an activist investor detailed a plan that could unlock significant...
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NorthStar Asset Management Group Moves Higher After Activist Investor Details Why Shares Are 'Materially Undervalued'
Friday, January 22, 2016 - 2:23pm | 239Read More...Shares of NorthStar Asset Management Group Inc (NYSE: NSAM) were trading higher by more than 4 percent early Friday afternoon after Land and Buildings, an activist investment firm, delivered a letter to the company. Jonathan Litt, Land and Buildings Chief Investment Officer, said in his letter...
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MGM Resorts Shares Spike Following Plans To Create A REIT
Thursday, October 29, 2015 - 8:04am | 519Read More...Shares of MGM Resorts International (NYSE: MGM) spiked higher by nearly 10 percent Thursday morning. The company said that it will create a controlled real estate investment trust (REIT). Activist investor Land and Buildings acquired a stake in MGM and pushed management to implement a...
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MGM CEO: 'We're Doing Better, Thank God'
Wednesday, September 30, 2015 - 8:34am | 461Read More...Shares of MGM Resorts International (NYSE: MGM) lost nearly 18 percent year-to-date and 20 percent from a year ago. MGM's CEO Jim Murren said during the Global Gaming Expo that his company is "doing better." Investors and traders aren't showing much faith in the...
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Is MGM Headed For A Proxy Fight?
Saturday, March 21, 2015 - 4:12pm | 506Read More...Three days after hedge fund Land and Buildings released a detailed report on MGM Resorts International (NYSE: MGM) advising the company to consider spinning off its casino properties into a real estate investment trust (REIT), the fund issued a follow-up statement to MGM shareholders. Since MGM...
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Activist Investor Explains Why Converting Into A REIT Is The Right Thing For MGM To Do
Wednesday, March 18, 2015 - 1:40pm | 424Read More...Shares of MGM Resorts International (NYSE: MGM) spiked on Tuesday's opening and continued to trade higher, closing the day up by over 10 percent. The reason behind this sudden spike was perhaps spurred most strongly by news that activist investors are proposing to convert the company into a...
