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    1. Elliott Pushes Japan's Unizo to Accept $1.6 Billion Blackstone Bid

      Elliott Pushes Japan's Unizo to Accept $1.6 Billion Blackstone Bid

      TOKYO (Reuters) - Unizo Holdings' top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group, warning it would take "all available measures" if it fails to do its "fiduciary duty". Activist investor Elliott's warning comes after Unizo had previously rebuffed an offer from Blackstone. The buyout group this week ratcheted up its pursuit of the company by launching the buyout offer, to which Unizo is still deciding its response...

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    2. Boeing: New Chairman Is a Boardroom Force Familiar With Crises

      Boeing: New Chairman Is a Boardroom Force Familiar With Crises

      Boeing Co.'s boardroom shakeup puts David Calhoun, a powerful behind-the-scenes figure, in position to control the aerospace giant's response to the 737 MAX crisis, one of the most fraught episodes in the company's history. Senior officials at some Boeing customers said they found the move to appoint Mr. Calhoun chairman, unveiled Friday, reassuring amid the MAX's prolonged grounding following two deadly crashes...

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    3. Special Report: Index Funds Invest Trillions But Rarely Challenge Management

      Special Report: Index Funds Invest Trillions But Rarely Challenge Management

      (Reuters) - Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. But the leading U.S. index fund firms, BlackRock Inc, Vanguard Group and State Street Corp, rarely use that clout...

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      Mentions: Index Funds
    4. AT&T Boss Met Activist

      AT&T Boss Met Activist

      AT&T Inc.'s chief executive met this week with the activist investor who is pressing the company to rethink its strategy and sell off more assets, according to people familiar with the matter. AT&T boss Randall Stephenson and Jesse Cohn, the portfolio manager at Elliott Management Corp. who challenged the telecom veteran, met Tuesday in New York for an introductory conversation, the people said...

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    5. Icahn Opposes New Directors Chosen by Occidental CEO

      Icahn Opposes New Directors Chosen by Occidental CEO

      HOUSTON (Reuters) - Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum's board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate. Icahn cited a Bank of America Merrill Lynch analyst's report published on Monday that Quote: d CEO Vicki Hollub as saying the oil producer's board planned to make governance changes, including the appointment of two "qualified" directors...

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    6. Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies (NYSE: AIT) today announced that Madhuri A. Andrews, Senior Vice President, Chief Digital and Information Officer of Jacobs Engineering Group Inc., and Mary Dean Hall, Senior Vice President, Chief Financial Officer and Treasurer of Quaker Houghton, have been elected to its Board of Directors. “We are very pleased to welcome Madhuri and Mary as new Board members,” said Peter C. Wallace, the Company’s Chairman...

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    7. Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      FRANKFURT (Reuters) - U.S. activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors. By Alexander Hübner Elliott, which owns more than 7% of Scout24, accused the German company's Chief Executive, Tobias Hartmann, of showing a lack of ambition and urged his management team to take immediate remedial action...

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    8. Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      (Reuters) - A special panel of Hudson's Bay Co reviewing a C$1.74 billion take-private bid for the retailer, proposed by Chairman Richard Baker and a group of shareholders, said the offer was inadequate based on an initial analysis. The Baker-led consortium, owning 57% of Hudson's Bay, had offered to buy the struggling retailer for C$9.45 per share in June...

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    9. Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Billionaire investor Carl Icahn has filed a formal solicitation statement with the U.S. Securities and Exchange Commission, taking another step in seeking to replace four directors at Occidental Petroleum , alleging the company's board mismanaged its $38 billion deal to buy Anadarko Petroleum...

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    10. Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      (Reuters) - Del Frisco's Restaurant Group Inc said on Monday it agreed to be bought by private equity firm L Catterton for $267.3 million (209.7 million pounds), ending a six-month-long battle with its third largest investor which has been pushing for a sale. Del Frisco's, which owns Eagle Steak House and Frisco's Grille chains, said its shareholders will receive $8 per share, which represents a premium of 18.9% to Friday's close. Including debt, the deal is valued at $650 million...

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    11. Axalta Coating: Announces Board Changes

      Axalta Coating: Announces Board Changes

      PHILADELPHIA , June 24, 2019 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) , a leading global supplier of liquid and powder coatings, today announced that Charlie Shaver has resigned as Chairman of its Board of Directors, effective June 30, 2019 , to focus on other professional commitments. The Board of Directors has appointed current Independent Presiding Director Mark Garrett as its new Chairman. Mr. Garrett also serves as Chairman of Axalta's Strategic Review Committee...

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    12. Capital Market Operators Seek Govt's Intervention in SEC, Oando Dispute

      Capital market operators have called for the urgent intervention of the federal government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc . The operators reacted to the outcome of a forensic audit on Oando , which was released by SEC on May 31 , as well as a court injunction restraining SEC from sacking Oando's Group Chief Executive Officer (GCEO), Mr. Adewale Tinubu , and his deputy.

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      Mentions: SEC crisis risk
    13. Frontier Communications : Announces Election of Three New Directors

      Frontier Communications : Announces Election of Three New Directors

      Frontier Communications Corporation (NASDAQ:FTR) announced today that Kevin L. Beebe, Paul M. Keglevic and Mohsin Y. Meghji have been elected to join Frontier’s Board of Directors, effective immediately. Messrs. Beebe, Keglevic and Meghji will serve on the Board’s Finance Committee, which will continue to be chaired by Robert A. Schriesheim.

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    14. Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. ("APUC" or the "Company") (TSX/NYSE: AQN) today announced that at the Company's annual and special meeting of shareholders held on June 6, 2019 , all of the nominees listed in its management information circular dated April 26, 2019 were elected as directors of APUC until the next annual meeting of shareholders. The detailed voting results for the election of directors are set out below.

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    15. Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Christopher S. Lynch to its Board of Directors. Lynch is the former National Partner in Charge of the Financial Services division at KPMG, LLC and has served as an independent director for over a decade at both American International Group, Inc., where he currently serves, and Federal Home Loan Mortgage Corporation, or Freddie Mac, from which he recently retired...

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    16. AIG to Reach out to Shareholders Over Executive Pay: CEO

      AIG to Reach out to Shareholders Over Executive Pay: CEO

      NEW YORK (Reuters) - American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent nonbinding vote by shareholders to approve his compensation package, Duperrault said, "I have to earn my living." He added, "As the performance improves, then we’ll see how the vote is next year."...

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      Mentions: AIG crisis ISS
    17. FirstGroup: Rebuffs Shareholder Push to Change CEO

      FirstGroup: Rebuffs Shareholder Push to Change CEO

      (Reuters) - Britain's FirstGroup plc on Tuesday rejected top shareholder Coast Capital's proposals to appoint a new chief executive, overhaul its board and exit the rail business, saying they were not in the company's "best interests". Bowing to investor pressure, FirstGroup last week put its iconic North American bus line Greyhound for sale and said it would spin off its UK First Bus business...

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    18. Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      DALLAS (Reuters) - Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot. Two institutional shareholders had urged a vote in favour of the role split after Exxon got the U.S. Securities and Exchange Commission to strike a climate change measure from its ballot...

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      Mentions: crisis risk Chevron
    19. Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      (Reuters) - Activist shareholder ValueAct on Thursday urged Merlin Entertainments to go private and said the owner of Madame Tussauds, the London Eye and Alton Towers could be valued at about 4 pounds a share, 20% more than its current price. That would value the Legoland owner at more than 4 billion pounds. It had a market capitalisation of 3.42 billion pounds as of Wednesday's close, according to Refinitiv Eikon data...

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