1. Articles from BLOOMBERG NEWS

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    1. U.K. Investment Firms to Name and Shame Diversity Laggards

      U.K. Investment Firms to Name and Shame Diversity Laggards

      (Bloomberg) -- A U.K. investment-industry group whose members manage 8.5 trillion pounds ($11 trillion) of assets warned it will call out companies that don’t reveal the ethnic diversity of their boards. Nearly three-quarters of the U.K.’s largest companies failed to report the ethnic make-up of their boards at annual shareholder meetings this year, according to The Investment Association...

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    2. Elanco Targeted by Sachem Head in Activist’s Biggest Bet

      Elanco Targeted by Sachem Head in Activist’s Biggest Bet

      (Bloomberg) -- Activist investor Sachem Head Capital Management has made its biggest bet yet, taking a $1.2 billion stake in Elanco Animal Health Inc. to push for changes at the company. The New York-based investment firm, which owns a 9.1% stake in Elanco in stock and options, believes the company is undervalued and underperforming its competitors, including its larger rival Zoetis Inc., according to people familiar with the matter...

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    3. Almost Everyone at SoftBank Thinks Going Private Is a Bad Idea

      Almost Everyone at SoftBank Thinks Going Private Is a Bad Idea

      Inside SoftBank Group Corp., the idea of going private through a buyout has been discussed off and on for at least five years. Almost everyone except founder Masayoshi Son opposes it, people with direct knowledge of the matter said. The reasons are substantial: No one has pulled off a buyout anywhere close to SoftBank’s $130 billion valuation, it’s not clear the company could raise the necessary financing and such a complex deal would prove a distraction for at least a year, the people said...

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    4. Activist Litt Files for Shareholder Vote on Aimco Split

      Activist Litt Files for Shareholder Vote on Aimco Split

      Activist investor Jonathan Litt filed with regulators Tuesday to call a special meeting at Apartment Investment & Management Co. so shareholders can have a say on its plans to split its business into two parts. The move to seek support for a vote comes after Aimco ignored the investor’s request to hold a shareholder vote on the matter, which will see the company broken up into a real estate investment trust and a development company...

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    5. ESG Scores Aren’t Enough to Achieve a Net-Zero Future

      ESG Scores Aren’t Enough to Achieve a Net-Zero Future

      (Bloomberg) -- Just like in traditional investing, there are dozens of strategies you can use to be an ESG investor. There are funds that pick the best-rated low-carbon companies, funds that focus on companies with more women on boards, and funds that use a series of ratings and checklists to ensure the stocks they are betting on are “better” than the rest of the market. But is that the best way to get to a more sustainable future...

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    6. KKR Expands Board Diversity at Its U.S.-Based Businesses

      KKR Expands Board Diversity at Its U.S.-Based Businesses

      (Bloomberg) -- KKR & Co. added at least two diverse directors to the board of every company it controls in the U.S., part of a bigger push to expand its focus on underrepresented groups. About 30% of directors on the boards of KKR-owned American companies are now women or ethnic minorities, according to an investor letter obtained by Bloomberg...

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      Mentions: KKR Carlyle stake
    7. Playtech Activist Investor Pitches Idea of DraftKings Making Bid

      Playtech Activist Investor Pitches Idea of DraftKings Making Bid

      (Bloomberg) -- It’s been a tough day for DraftKings Inc., with the online gambling company reporting a steeper-than-expected loss and facing a tax issue that could squeeze it even more. Jason Ader, a longtime casino-industry investor, think he knows what could help. He’s pitching the idea of DraftKings acquiring one of his holdings, the European gaming company Playtech Plc, as a way to shore up profit...

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    8. Elliott Hits PG&E With New $250 Million Claim Tied to Bankruptcy -

      Elliott Hits PG&E With New $250 Million Claim Tied to Bankruptcy -

      (Bloomberg) -- Elliott Management Corp. is claiming PG&E Corp. cost the activist investor $250 million by breaking a promise to help the hedge fund get rights to buy equity in the utility giant during its massive bankruptcy case. PG&E was supposed to help Elliott gain access to as much as $2 billion in equity commitments, as part of a settlement struck in January to resolve competing and sometimes contentious restructuring plans, according to a court filing by Elliott...

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    9. Electronic Arts Executive Pay Draws Fire From Proxy Advisers

      Electronic Arts Executive Pay Draws Fire From Proxy Advisers

      Institutional Shareholder Services is joining calls for Electronic Arts Inc. investors to vote against the video-game maker’s pay plan, citing “significant concerns” about a special round of stock awards. Electronic Arts executives previously received special equity awards for fiscal 2018 that haven’t yet vested, raising questions about the necessity of the latest payouts, the proxy adviser said in a report...

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    10. Activist Investor Rosenfeld Seeks Seat on Canaccord Board - BNN Bloomberg

      Activist Investor Rosenfeld Seeks Seat on Canaccord Board - BNN Bloomberg

      Canaccord Genuity Group Inc., Canada’s largest non-bank brokerage, is expected to add activist investor Eric Rosenfeld to its board next month. Rosenfeld, chief executive officer of New York-based investment firm Crescendo Partners LP, is one of two new independent directors nominated for election to Canaccord Genuity’s board at the firm’s annual investor meeting on Aug. 6. He holds 1.36 million shares of Canaccord Genuity, about 1.3% of the firm, according to regulatory filings...

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    11. Ted Baker Faces Investor Revolt Over Executive Pay, Times Says

      Ted Baker Faces Investor Revolt Over Executive Pay, Times Says

      (Bloomberg) -- Ted Baker Plc is facing a revolt against controversial plans to increase executive pay as the company fights for survival, the Sunday Times reported. Institutional Shareholder Services Inc. recommended that investors vote down the retailer’s remuneration policy at its annual general meeting next week, the paper reported. The advisory firm says the company’s decision to increase executive salaries and bonuses is not justified...

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      Mentions: ISS Bloomberg Bonuses
    12. Activision CEO's US$30 Million Pay Opposed by Pro-Labor Investor

      Activision CEO's US$30 Million Pay Opposed by Pro-Labor Investor

      CtW Investment Group, a pro-labor group, is urging shareholders of the video-game company Activision Blizzard Inc. to oppose the pay package of Chief Executive Officer Bobby Kotick following job cuts last year. Kotick, who’s led Activision for about three decades, has received about US$30 million in compensation annually over the past few years, regulatory filings show. The vote is set for June 11...

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    13. Bankruptcy is a Jackpot for CEOs Helming Failed Oil Companies

      Bankruptcy is a Jackpot for CEOs Helming Failed Oil Companies

      For Whiting Petroleum Corp. Chief Executive Officer Brad Holly, filing for bankruptcy had at least one perk: a US$900,000 pay raise. Across the oil industry, leaders of failing companies are hitting the jackpot even in the aftermath of COVID-19 lockdowns that destroyed energy demand, crushed prices and threw almost 100,000 rank-and-file employees out of work...

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    14. Liberty Global Plays Down CEO’s Potential Nine-Figure Pay Packet

      Liberty Global Plays Down CEO’s Potential Nine-Figure Pay Packet

      (Bloomberg) -- Liberty Global Plc’s Chief Executive Officer Mike Fries is in line for as much as $123 million in compensation, filings ahead of its June 30 annual meeting show. The company was keen to call that gross figure misleading. Fries is able to bank about $50 million for the year finished 2019. About half of that is equity awards. The larger nine-figure number in the proxy filing includes unearned performance-related income rolled in from the next five years, the company said...

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    15. Mack-Cali Board Minority Accuses Colleagues of Ignoring Concerns

      Mack-Cali Board Minority Accuses Colleagues of Ignoring Concerns

      (Bloomberg) -- Four Mack-Cali Realty Corp. directors elected last year after a proxy fight with one of the company’s largest investors are going public with claims their views are being ignored as another boardroom battle comes to a head. The foursome is taking the unusual step of issuing a rebuke of the board’s old-guard majority, arguing they are disregarding concerns about the strategic direction of the real estate investment trust...

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    16. Lone Women in Boardroom are Likeliest to be Stretched for time

      Lone Women in Boardroom are Likeliest to be Stretched for time

      Companies that hold out too long on adding their first female board member are more likely to pick one who’s already a director elsewhere, meaning she’ll have less time to devote to the firm, a Bloomberg Intelligence study found. Lone female directors served on an average of about 1.4 boards, the busiest of all classes of directors, according to the research released Tuesday by Bloomberg Intelligence analyst Rob Du Boff, who described the phenomenon as “ovHERboardedness.” For women on boards in the S&P 500 or Stoxx 600 with two or more female directors, there was little ...

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      Mentions: MSCI Bloomberg Women
    17. Takeaway.com Confirms $6 Billion Bid for Delivery Rival Just Eat

      Takeaway.com Confirms $6 Billion Bid for Delivery Rival Just Eat

      (Bloomberg) -- Takeaway.com NV has bid 5 billion pounds ($6.2 billion) for rival Just Eat Plc, a deal that would intensify a fight against rivals including Uber Technologies Inc. The Dutch-based company is offering an all share deal at a 15% premium to Just Eat’s share price on July 26, according to a statement Monday. The new company also intends to remain headquartered in Amsterdam, with a premium listing on the London Stock Exchange...

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    18. Activist Peltz Pushing Ferguson to Exit the U.K., SkyNews Says

      Activist Peltz Pushing Ferguson to Exit the U.K., SkyNews Says

      (Bloomberg) -- Activist investor Nelson Peltz is pushing Ferguson Plc to sell its U.K. business and move its stock-market listing to New York, SkyNews reported without citing sources. Peltz has also asked the board of the plumbing-equipment supplier to drop its listing on the London Stock Exchange. Ferguson generates 87% of its revenue in North America...

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    19. Catalyst Offers to Buy Hudson’s Bay Shares to Block Takeover Bid

      Catalyst Offers to Buy Hudson’s Bay Shares to Block Takeover Bid

      Private equity firm Catalyst Capital Group Inc. is offering to purchase up to $150 million (US$114 million) worth of shares of Hudson’s Bay Co. ( HBC.TO ) as it builds a stake in the Canadian retailer in an effort to thwart a proposed takeover of the company. The Toronto-based firm said in a statement Monday it was was prepared to pay $10.11 per share in cash for up to roughly 14.8 million common shares...

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    20. Deutsche Bank Executives Who Won and Lost in the Big Shakeup

      Deutsche Bank Executives Who Won and Lost in the Big Shakeup

      (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Christian Sewing says he wants a real team to manage the company rather than a collection of individuals. And the roster is changing fast. Since taking over in a bitter boardroom fight just over a year ago, Sewing has moved to surround himself with executives that he’s worked closely with during his almost 30-year career while showing others the door...

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    21. Jana Partners Is Said to Have Built Stake in Axalta Coating

      Jana Partners Is Said to Have Built Stake in Axalta Coating

      (Bloomberg) -- Activist investor Jana Partners has built a position Axalta Coating Systems Ltd., the car paint maker that announced a strategic review, according to people familiar with the matter. The New York-based hedge fund run by Barry Rosenstein invested in recent months and has been pushing the company to explore alternatives, said the people, who asked not to be identified because the matter was private. The exact size of its stake couldn’t be learned...

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    1-24 of 157 1 2 3 4 5 6 7 »
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