Recent Shareholder Activist News

TCI Reaches the End of the Line at CSX

Late last week the Children’s Investment Fund (TCI) revealed in a SEC filing that it had sold out of its entire 4.5% position in CSX Corp. The 17,796,988...

Ironfire’s Jackson thinks Ken Lewis’ Time is Running Out

Eric Jackson of activist investment firm Ironfire Capital predicted on his blog that Chairman and CEO Ken Lewis’ time at Bank of America is nearing...

Bill Ackman Touts His Target Board Nominees

Activist investor Bill Ackman of Pershing Square sent another letter to Target shareholders in support of his slate of Board nominees yesterday. In the...

Steel Partners’ Faces More Conversion Troubles

Reuters reports that Warren Lichtenstein’s conversion of Steel Partners II to a publically-listed partnership encountered a setback yesterday when a...

Top Vegas Ticket: Icahn vs. Kerkorian

Not to often do we get to see two of the biggest names in investing face-off, so it’s only appropriate that Carl Icahn is taking on Kirk Kerkorian under...

Dalton Takes Gentle Approach to Activism in Japan

Bloomberg reports that hedge fund manager Dalton Investments will be sending letters to the management teams of 70 or so Japanese companies that it currently...

Activist Steel Partners Faces Off with Its Own Investors

Steel Partners’ founder Warren Lichtenstein, who is known for speaking his mind and shaking up management at troubled companies, is facing resistance...

Ackman Gets Wish, General Growth Files for Chapter 11

General Growth Properties Inc (GGP) voluntarily filed for chapter 11 bankruptcy today. Bill Ackman's Pershing Square Capital Management, a top shareholder,...

Another Japanese Co Foils Steel

In a press release today, Aderans Holdings (8170.T) announced that it was getting help from private equity firm Unison Capital Group in its attempts to...

Icahn Wants Amylin’s Chairman Ousted

In a letter today to Amylin Pharmaceuticals Chairman Joseph C. Cook, Jr., Carl Icahn expressed his frustration with the Mr. Cook’s performance and suggested...

Ramius’ Activist Agenda at Orthofix Rejected

In a Special General Meeting on April 2nd, shareholders of Orthofix International N.V. (OFIX) voted on a number of proposals that had been presented by...

Toscafund Trims Aberdeen Stake

In a regulatory filing yesterday, activist hedge fund Toscafund revealed that it had trimmed its position in Aberdeen Asset Management to 23.21% of shares...

Millbrook Appalled by Chemed’s “Corporate Largesse”

Millbrook Capital Management, also known as MMI Investments, L.P., demanded yesterday in a letter that George J. Walsh III, the Chairman of Chemed Corp...

TCI Abandoning Deutsche Boerse

In press release yesterday, Deutsche Boerse AG announced that the Children's Investment Fund (TCI) had reduced its stake the company to just 0.96%. TCI...

For the 2nd Year in a Row, Biogen is Against Icahn's Board Nominees

In a proxy filing yesterday with the SEC, Biogen Idec Inc.’s (BIIB) Board of Directors discouraged investors from supporting Carl C. Icahn’s slate...

Atticus Cutting Ties with Deutsche Boerse

It was announced that Atticus Capital has reduced its stake in the Deutsche Boerse from 9% to less than 3%. The activist fund had been involved in an...

Icahn Bids $200m for Tropicana Casino

The Press of Atlantic City reported today that Carl Icahn is leading a group of lenders who offered $200mm to purchase Tropicana Casino and Resort in...

TCI and Atticus’ United Front Against Deutsche Boerse Ends

Bloomberg reported this morning that the Children’s Investment Fund (TCI) and Atticus Capital announced that they would no longer work directly in tandem...

After Failed TCI Activist Assault, J-Power Finally Reshuffles Management

The Children’s Investment Fund’s (TCI) activist battle against J-POWER, a Japanese energy company, ended last October when TCI sold its 9.9% stake...

Fuchs Finalizing “Soft Activist” Fund

The financial times reported that Mark Fuchs is in the process of launching Asia-focused long/short equity hedge fund. The fund will focus on blue-chip,...

TCI wants Babcock & Brown Wind to Shut Down

Dow Jones reported that activist investor the Children's Investment Fund Management (TCI) wants Australia’s Babcock & Brown Wind Partners to sell its...

Activist Investor Myerson Gets De-Activated

The Financial Times reported today that activist investor Brian Myerson got a taste of his own medicine today when shareholders of Principle Capital Investment...

S&P Not a Fan of Ackman’s Proxy Contest Against Target

The New York Times reported that Standard & Poor’s said that it’s “closely monitoring” Bill Ackman of Pershing Square’s proxy context with Target....

Steel Partners gives up on Noritz buyout

Steel Partners has withdrawn its proposal to buy Noritz Corp (5943.T), a Japanese gas and water heater maker. The activist hedge fund, which holds an...

Harbinger to Launch Troubled Bond & Loan Focused Fund

Bloomberg reported today that Philip Falcone’s Harbinger Capital is launching a distressed fund. The firm is going forward with the launch, despite...


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