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Activist Investor Mick McGuire Opposes Acreage-Canopy Growth Deal
Monday, May 6, 2019 - 3:56pm | 571Activist investor Mick McGuire's hedge fund Marcato Capital Management came out against Canopy Growth Corp (NYSE: CGC)'s acquisition of Acreage Holdings Inc (OTC: ACRGF) in a letter sent to Acreage's board of directors. What Happened The letter comes as a response to the...
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Digesting Delivering Alpha 2017: The Top Picks You Need To Know
Wednesday, September 13, 2017 - 8:44am | 894Anything but bitcoin. The cryptocurrency got little love at CNBC’s Delivering Alpha conference Tuesday, with JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon calling it “fraudulent” and Saba Capital Management CIO Boaz Weinstein attributing its rise to nothing beyond FOMO....
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What You Need To Know Ahead Of B-Dubs' Shareholder Meeting Showdown
Monday, May 22, 2017 - 12:35pm | 296Buffalo Wild Wings (NASDAQ: BWLD) will hold an important board vote at its annual investor meeting on June 2, hoping to settle the battle the company is embroiled in with activist investor Marcato Capital Management. Buffalo Wild Wings previously stated its board and management team are “...
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B-Dubs Comment On Marcato Letter Calling For CEO Resignation
Thursday, April 20, 2017 - 10:40am | 374Activist investor Marcato Capital Management sent Buffalo Wild Wings (NASDAQ: BWLD) soaring Thursday after urging shareholders to oust CEO Sally Smith. The Situation "[U]nder current management, shares of Buffalo Wild Wings' common stock [has] underperformed virtually every relevant...
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Activist Investor Suggests 'Substantial Changes' To Buffalo Wild Wings' Business
Tuesday, December 6, 2016 - 3:02pm | 428Buffalo Wild Wings (NASDAQ: BWLD) may soon have its wings clipped, as hedge fund Marcato, managed by Mick McGuire, opted to address the franchisees of the company directly in a bid to force the company to adopt measures suggested by it for change and value creation. The fund has a 5.2 percent...
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Marcato Capital Management Founder Explains: Seeking Removal Of Bank Of New York Mellon's CEO
Wednesday, March 11, 2015 - 7:46am | 395Activist investor Marcato Capital Management LP, which has a 1.6 percent stake in Bank of New York Mellon Corp (NYSE: BK) according to its latest SEC filing, sent a letter on Monday to the lead independent director of the bank calling for the ouster of its CEO. Mick McGuire, founder of Marcato...
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Report: Activist Demands Sothebys Boot CFO, Buy Back Shares
Friday, February 20, 2015 - 2:57pm | 206Sothebys (NYSE: BID) spiked on a report that a 9.5 percent stakeholder is pushing for a stock buyback and the replacement of the company's chief financial officer. The art auction house changed hands recently at $44.48, up 1 percent. Earlier, it traded as high as $44.88. CNBC reported...
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Dillard's Soars On REIT Speculation
Thursday, November 20, 2014 - 2:38pm | 202Dillard's, Inc. (NYSE: DDS) stock soared Thursday after Marcato Capital Management LP released a presentation on ways to increase shareholder value. The presentation suggested the company spin-off real estate assets into a REIT. According to the press release, Marcato Managing Partner...
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Mick McGuire Likes SFN Group Inc (SFN)
Friday, February 4, 2011 - 5:00pm | 328Mick McGuire of Marcato Capital Management spoke at the Harbor Investment Conference yesterday and recommended SFN Group Inc (NYSE: SFN) to the audience. McGuire, who is a former chairman of Borders (NYSE: BGP) is an activist investor in the midcap space, and he believes there is significant value...