Recent Shareholder Activist News

Steel Partners says Carl Icahn Fights on in Caymans

Steel Partners has merged its Steel Partners II fund into WebFinancial, a pink sheets portfolio company, despite Carl Icahn and other investors’ attempts...

Ironfire Wants SEC to Break Up Broadridge's Proxy Monopoly

Yesterday afternoon, Eric M. Jackson Ph.D., the Managing Member of activist hedge fund Ironfire Capital LLC, wrote a letter Mary L. Schapiro, the Chairman...

Thoma Bravo ups Offer for Entrust, Shareholder Vote Postponed

On Friday, private equity firm Thoma Bravo raised its offer for information technology firm Entrust (NASDAQ: ENTU) by 8.1% to $124 Million in an effort...

Ramius Fails, CPI Corp.’s Shareholders Elect Board Nominees in Landslide

On Wednesday, CPI Corporation (NYSE:CPY) announced that preliminary results show that its shareholders overwhelmingly voted for the company’s slate...

Four contenders might take a final shot at winning Delphi

Tomorrow is the deadline for bids for the bankrupt auto-parts maker Delphi Corp. On June 17, United States Bankruptcy Court Judge Robert Drain re-opened...

Steel Partners Japan's O'Friel Resigns, Replaced by Tanaka

The head of Steel Partners’ Japan-based team, Mark O'Friel, has resigned and has been replaced by Katsuyoshi Tanaka. According to Reuters, Mr. O'Friel...

Three of America's Best Boards

It seemed an easy-enough question last week when someone asked me: What's the company in America with the best corporate governance? Yet, in trying to...

Activist Investors Cheer End of Broker Voting Rule

In a move welcomed by activist investors, the SEC overturned a rule last week that allows broker-dealers to vote on behalf of clients whom hold accounts...

Arnhold & S. Bleichroeder Moves to Block Thoma Bravos’s Entrust Purchase

Arnhold & S. Bleichroeder Advisers LLC submitted a filing with the SEC on June 18th, effectively disclosing its 5.2% stake in digital securities firm...

When Will We See Real Change in BofA's Board?

Last April, all eyes were on the Bank of America (BAC) shareholders meeting. Many expected CEO Ken Lewis to lose the title of chairman -- which he did....

Children's Investment Fund Cutting Fees, Scaling Back Activism

The Children's Investment Fund Management (TCI) is proposing a fee cut and an easing of withdrawal restrictions in an effort to hang on to clients. The...

Yahoo's Bartz on the Right Track

Yahoo! (YHOO) holds its annual meeting Thursday and, unlike the previous two meetings, I'm not attending this year. It's not that I think the company...

Atticus Raises its Paddle with SAC for Sotheby's

On June 18th, hedge fund manager Atticus Capital revealed in a filing with the Securities Exchange Commission that it had acquired a 5.4% stake, or 3,584,110...

Steel Partners Receives Court Approval, Icahn-led Investor Group Enraged

On Friday, activist hedge fund manager Warren Lichtenstein received court approval to move along with his plan to convert the Steel Partners II hedge...

Harbinger Capital Shopping maker of the George Foreman grill

Harbinger Capital Partners is exploring a possible sale of Salton, a home-appliance company that makes the George Foreman grill. According to an article...

Contrarian Cap Veteran to Launch Mudrick Capital Distressed Fund

Mudrick Capital Management is in the process of launching the Mudrick Distressed Opportunity Fund LP. According to Dow Jones, the fund has already raised...

Ackman Optimistic about Target’s and Hedge Fund Activists’ Future

Pershing Square Capital Management’s Bill Ackman recently sent out his quarterly letter to the hedge fund firm’s investors. Over the first quarter...

Icahn Takes a Second Shot at Delphi

Carl Icahn is in discussions again to take over bankrupt Delphi Corp. According to Reuters, on June 10th a federal bankruptcy court judge ruled that other...

Icahn Group buys Atlantic City's Tropicana Casino at Big Discount

A group of investment firms led by Carl Icahn, Black Diamond Capital Management, and Schultze Asset Management LLC have purchased Atlantic City’s AC...

Peter Schoenfeld’s Victory over Saks Embraced by Shareholders and Analysts

Earlier this month, CEO Peter Schoenfeld of P. Schoenfeld Asset Management claimed a victory in his proxy battle with Saks Incorporated (NYSE: SAKS)....

Kerkorian Could Comeback, Again

This week the New York Times published an article entitled “Kerkorian’s Stakes May Be Down, but He Has Bounced Back Before.” The article detailed...

What Exactly Has Microsoft Delivered on Its Enormous R&D Investment?

A couple of weeks ago at the D7 Conference in Carlsbad, Calif., Microsoft (MSFT) CEO Steve Ballmer boasted the software company could create a lot of...

Citadel’s Ken Griffin Joins E*TRADE’s Board

E*TRADE Financial Corporation (ETFC) announced in a press release yesterday that the founder and CEO of hedge fund manager Citadel Investment Group, Kenneth...

Shareholder Activists Reshaping Bank of America

Continuous calls for a stronger board of directors with deeper financial experience at Bank of America (BAC) were answered on Friday when the bank announced...

Palo Alto Concerned Over Canadian Superior’s Shareholders’ Meeting Postponement

On May 28th, in a SEC filing, hedge fund manager Palo Alto Investors expressed its concern over Canadian Superior Energy Inc’s (SNG) decision to postpone...


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