Recent Shareholder Activist News

Centaurus Capital aims its sights on Demag

Last October, Konecranes (KCR1V), the largest industrial crane maker, displayed interest in merging with Demag Cranes (D9C), the industry’s second-largest...

Bill Ackman’s Pershing Square Capital hurt by bankruptcy of Borders Group

Bill Ackman’s Pershing Square Capital, which currently owns a 31.3% stake in Borders Group (NYSE: BGP) and had promised Borders to help finance a buyout...

Swiss Biotech Issues First Dividend to Appease Largest Shareholder

Actelion, a biotech located in Switzerland, proposed its first dividend in an effort to appease its largest shareholder, Elliott Management Company. ...

Saint Joe and the Dragon (Fairholme’s Bruce Berkowitz)

Nothing like a lusty, complicated, passionate fight for the soul of a company to pique our interest, right? Spring tends to bring this sort of thing,...

It’s Official: Pershing Square Capital’s Bill Ackman joins JC Penney’s Board

Leading shareholder activist investor Bill Ackman, who is the CEO of Pershing Square Capital Management, officially joined the board of retailer J.C....

Pardus Capital to Launch European Activist Fund

Pardus Capital is reportedly in the process of launching a European-focused shareholder activist fund, PCM. According to the Financial Times, the New...

Activist Investor Ramius Capital Wins Two Board Seats

SurModics, a drug delivery pharmaceutical company, announced that it has resolved a dispute with Ramius Capital Group by agreeing to grant two board seats...

Dynegy Stakeholder Seneca Capital Rejects Carl Icahn’s Buyout Offer

Following the shareholder rejection of Blackstone Group’s offer for Dynegy Inc, Seneca Capital has recently opposed Carl Icahn’s Icahn Enterprises...

Exec Comp in Dodd-Frank: Institutional Investor Decisions and Regulatory Obligations

The Dodd-Frank Act (DFA) allows activist investors to understand and respond to executive compensation in a number of new ways. We can’t tell right...

CalPERS abandons Focus List, Takes new activist approach to engage companies

The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the United States, recently drew up a new

Christer Gardell and Lars Forberg’s Cevian Capital may restrict new money following performance streak

Activist hedge fund manager Cevian Capital has plans to close its $4.2 billion flagship fund Cevian I to new investors next year. According to Reuters,...

Shareholder Activism: A Better Way to Count Votes

Many activist investors harbor a sort of minor governance fantasy: an underperforming company has a small number of investors that each owns a significant...

How Powerful are Proxy Advisors?

Anyone else catch this interesting artifact of the recent tiff between Len Riggio and Ron Burkle?

So, what made the difference [in the...

Seneca Capital joins Carl Icahn in opposition of Blackstone’s Dynegy buyout

Seneca Capital recently stated that it believes that Blackstone Group (NYSE: BX) is not offering a large enough price to buy Dynergy, agreeing with the...

Activist Update: Ramius extends Cypress Bioscience offer, Carl Icahn follows Seneca with active ownership stake in Dynergy

Last week activist shareholder Ramius Capital Group announced plans to extend its offer to purchase Cypress Bioscience, Inc. (NYSE: CYPB) for $4.25 a...

"Effective Activism, on the Cheap" Identifies Undervalued Companies with Significant Upside Potential

The Activist Investor (TAI), specializing in advising investors in using shareholder activism for turnaround of underperforming companies, this week released...

Shareholder Activist Update: Sandler Capital and MMI Investors up stakes in technology companies

Last week activist shareholder MMI Investors (Millbrook Capital) sent a letter to EMS Technologies Inc. (NYSE: ELMG) disclosing their recent increase...

A Corporate Governance Risk Manual

About a year ago, I agreed to do a series of seminars for the IFC, an arm of the World Bank that invests in privately owned businesses, primarily in emerging...

In Defense of Proxy Advisors

Barnes & Noble suffered a setback...when a powerful advisory firm backed a slate of directors proposed by the billionaire investor Ron...

Shareholder Activist Ramius Capital finalizes agreement with Aviat, pressures SeaChange

Last week activist orientated hedge fund manager Ramius Capital Group entered into a settlement with Aviat Networks Inc. (NYSE: AVNW) regarding the company’s...

Ramius makes another offer for Cypress Bioscience

Activist hedge fund manager Ramius LLC, which currently owns 10% of drug developer Cypress Bioscience (CYPB), has offered to buy the company for $147...

Shareholder Activist Update: Discovery Group takes aim at Tier Technologies and Atricure

Last week activist shareholder Discovery Group informed Tier Technologies Inc. (NYSE: TIER) of its intention to nominate up to two individuals for election...

Proxy Access for Activist Investors

With some drama and controversy, last month the SEC granted activist investors one long-held wish, for proxy access. Congress also had a role, clearing...

Shareholder Activist Insights: Rodding out the Proxy Plumbing

To their credit, SEC commissioners use the rather colloquial and workman-like (and inapt, see below) “proxy plumbing” only around the office. In

Activist Report: Microsoft should raise its Dividend

As a long holder of Microsoft (MSFT), I submitted last week a resolution for Microsoft to significantly increase its quarterly dividend. It's my hope...


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