1. Articles in category: BoardNews

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    1. Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand

      Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand
      • Victoria's Secret-owner L Brands surged as much as 16% in early Wednesday trading after The Wall Street Journal reported owner Les Wexner is in discussions to step down as CEO and sell the lingerie giant.
      • The talks are reportedly ongoing, and could involve the full or partial sale of the brand, or end without any deal, sources familiar with the matter told The Journal...
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    2. More Than 60 Percent of Canadian Companies have Boards Composed Entirely of Men

      More Than 60 Percent of Canadian Companies have Boards Composed Entirely of Men

      The majority of corporate boards in Canada had zero women, while roughly 27 per cent had one female director and the remaining 11 per cent of boards had more than one, according to a Statistics Canada study Women held fewer than one-fifth of director seats at corporate boards in 2017, while more than 60 per cent of boards were composed entirely of men, a new Statistics Canada study shows...

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    3. Sorrento Board Rejects Latest Acquisition Proposal

      Sorrento Board Rejects Latest Acquisition Proposal

      SAN DIEGO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento"), announced that, after reviewing the latest acquisition proposal in consultation with its advisors, Sorrento’s Board of Directors (the “Board”) determined that the offer significantly undervalues Sorrento and is not in the best interest of the Company’s stockholders...

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    4. JP Morgan chief Jamie Dimon Becomes Best-Paid Bank Boss For Fifth Year

      JP Morgan chief Jamie Dimon Becomes Best-Paid Bank Boss For Fifth Year

      Dimon has been running JP Morgan since 2005 and was credited with guiding it through the financial crisis relatively unscathed, building what he described as a 'fortress balance sheet'. But he has been rocked by a series of scandals in recent years. JP Morgan lost £4.3billion after trades by the so-called 'London whale' Bruno Iksil turned sour in 2012. Dimon initially dismissed the mounting losses at the bank's London offices as a 'tempest in a teapot'...

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    5. JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase & Co. paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price. The pay includes $6.5 million in cash, including salary and bonus, and $25 million in stock grants that would be earned over the coming years, depending on the bank's performance...

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    6. BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Inc has built a 5.12% stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager. The revelation by BlackRock on Wednesday came a day after veteran activist investor Yoshiaki Murakami launched an up to $235 million hostile bid for control of the molding company...

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      Mentions: Takeover Japan stake
    7. Xerox to Nominate as Many as 11 Directors to HP's Board in Takeover Push

      Xerox to Nominate as Many as 11 Directors to HP's Board in Takeover Push

      Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its US$33.5 billion takeover offer for the personal computer maker. The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019...

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      Mentions: Takeover stake NYSE
    8. Activist Shareholder Group Sells Entire Primo Water Stake

      Activist Shareholder Group Sells Entire Primo Water Stake

      It didn’t take long for the shareholder group pressuring Primo Water Corp.’s board of directors and management to cash out after the company announced Monday it was being bought in a deal valued at $755 million. Activist hedge-fund group Legion Partners LP of Beverly Hills, Calif., reported in a regulatory filing Wednesday it had sold its entire 9.1% stake, or 3.57 million shares, in Primo. Primo announced at 6:45 a.m. Monday it had agreed to be sold to Cott Corp., based in Mississauga, Ontario...

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