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    1. 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
    2. Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      BOSTON: Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support. The New York-based firm sold 480,000 shares of United Technologies stock during the second quarter, cutting its holding by 7 percent to 6 million shares, according to a regulatory filing made on Tuesday...

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    3. Ex-Nissan Chairman Ghosn Indicted on Aggravated Breach of Trust Charge

      Ex-Nissan Chairman Ghosn Indicted on Aggravated Breach of Trust Charge

      TOKYO: Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn's lawyers filed a request for bail shortly after the latest indictment, which comes after authorities arrested him on April 4 for the fourth time, on suspicion he enriched himself by a total of US$5 million at Nissan's expense...

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    4. Hedge Fund Appaloosa Unimpressed by Allergan Board Promises

      Hedge Fund Appaloosa Unimpressed by Allergan Board Promises

      REUTERS: Activist investor Appaloosa LP responded to proposed concessions from the board of Allergan Plc by saying it had done everything "except what needs to be done" and calling on other investors to take further "disruptive" steps to change the company. The hedge fund, led by billionaire David Tepper, has been pressing Allergan since last year to separate the roles of CEO and chairman or potentially sell or merge the company...

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    5. Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      In America's corporate boardrooms, diversity is making uneven progress - women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. Twenty-seven per cent of new directors at companies in the Russell 3000 Index were women during 2016-2018, up from 21 per cent in the previous three-year period, according to estimates by ISS Analytics in an analysis for Reuters News...

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    6. Explainer: What Misconduct is Nissan's Ghosn Accused Of, and How did it Come to Light?

      Explainer: What Misconduct is Nissan's Ghosn Accused Of, and How did it Come to Light?

      Japan was shocked by news that Nissan Motor Co. Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday...

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    7. Campbell Heirs to Vote for Own Board, Third Point Calls Move a 'Stunt'

      Campbell Heirs to Vote for Own Board, Third Point Calls Move a 'Stunt'

      Campbell heirs to vote for own board, Third Point calls move a 'stunt' close breaking news Business Campbell heirs to vote for own board, Third Point calls move a 'stunt' Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...

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    8. Third Point Urges Campbell Shareholders to Vote for its Nominees

      Third Point Urges Campbell Shareholders to Vote for its Nominees

      REUTERS: Activist investor Daniel Loeb's Third Point LLC on Friday urged Campbell Soup Co's shareholders to vote in favor of the hedge fund's nominees. Third Point, which has launched a proxy fight to replace the American food company's 12-member board, unveiled a slate of nominees last week. Advertisement Third Point owned a 5.65 percent stake in Campbell as of Sept. 6, according to Reuters data...

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    9. Icahn calls for new leadership at Xerox

      Icahn calls for new leadership at Xerox

      Icahn calls for new leadership at Xerox close breaking news Business Icahn calls for new leadership at Xerox Activist investor Carl Icahn on Tuesday called for new leadership at Xerox Corp , the maker of printers and copiers, a day after he named four nominees to the company's board of directors. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo 2 related media assets (image or videos) available.

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    10. VEON Names Former Xerox CEO Ursula Burns as Chairwoman

      VEON Names Former Xerox CEO Ursula Burns as Chairwoman

      FRANKFURT: VEON named former Xerox chief Ursula Burns as its chairwoman on Monday, as the telecoms operator undertakes corporate governance reforms and a makeover as a global online services company. Alexey Reznikovich, VEON's long-serving chairman, will remain on the board as a representative of LetterOne Investment, the company formerly known as VimpelCom said...

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    11. Activist Jana Cashes out of Whole Foods Following Amazon Deal

      Activist Jana Cashes out of Whole Foods Following Amazon Deal

      REUTERS: Activist investor Jana Partners LLC cashed out of its position in Whole Foods Market Inc, a regulatory filing showed on Wednesday, after the upscale grocer agreed to be acquired by Amazon.com Inc in a US$13.7 billion deal last month. Jana, which was Whole Foods' second-largest shareholder with an 8.2 percent stake, made a profit of over US$300 million on the sale, according to Reuters calculations...

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      Mentions: Whole Foods Amazon
    12. Elliott releases private letters after Arconic CEO's departure

      Elliott releases private letters after Arconic CEO's departure

      REUTERS: Activist hedge fund Elliott Management released the private letter written by Arconic Inc's former chief executive, Klaus Kleinfeld, which consequently led to his resignation, and their response to the letter and Arconic's statement on April 17. Elliott said late on Wednesday that Arconic had created a "public frenzy" for further information and that it had no choice but to make the letter and their response public.

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