Activist investor Starboard Value LP has taken a stake in Elanco Animal Health Inc. and nominated three directors to the company's board, according to people familiar with the matter. Elanco, which makes vaccines and treatments for pets and livestock, has a market value of about $15 billion...
(Reuters) - Swedish activist investor Cevian Capital urged on Wednesday that companies should include Environmental, Social, and Governance (ESG) targets in their management compensation plans. Against a backdrop of growing public and political concerns about climate change and economic inequality, companies are under increasing pressure to show they are taking greater responsibility for how they generate their profits...
WASHINGTON (Reuters) - The U.S. securities regulator should think more "creatively and broadly" about tackling issues of race and gender diversity, including by potentially revisiting public companies' disclosure requirements, the agency's acting chair said on Thursday...
Credit Suisse is pleased to announce the immediate appointment of Morris W. Applewhite as a Non-Executive Director to the Board of Directors for Credit Suisse Holdings (USA), Inc. ('CSH USA'). Applewhite brings to the Board of Credit Suisse's US legal entity decades ...
NEW YORK (Reuters) - Two organizations representing people with disabilities asked Nasdaq Inc on Tuesday to be more inclusive in the exchange operator's proposal to require all of its listed companies to adopt new rules related to board diversity...
(Reuters) - Republican members of the U.S. Senate's Banking Committee on Friday urged securities regulators to reject corporate diversity rules proposed by Nasdaq Inc. In a letter to the head of the U.S. Securities and Exchange Commission, the Republicans said the effort by the exchange operator to set boardroom diversity requirements for listed companies would interfere with boards' duties to their shareholders, violate securities disclosure principles and could impose costs on companies...
WASHINGTON -- President-elect Joe Biden is expected to choose Gary Gensler, a former financial regulator and Goldman Sachs Group Inc. executive, to head the Securities and Exchange Commission, according to people familiar with the decision...
Activist hedge fund Third Point LLC pressed Intel Corp. to make sweeping strategic changes after a year in which the U.S. semiconductor giant suffered more product delays and lost its rank as America's highest-valued chip company. In a letter Tuesday to Intel Chairman Omar Ishrak, Third Point Chief Executive Daniel Loeb said Intel's woes could threaten the U.S. tech industry and urged the chip maker to consider alternatives, including selling some of its acquisitions and splitting its design and manufacturing operations -- a move that would end Intel's long-held status as America's ...
Exxon Mobil Corp. pledged to reduce the greenhouse-gas emissions from its operations over the next five years and eliminate the "routine flaring" of methane by 2030 as it responds to pressure from activists and investors to reduce its carbon footprint...
Public Storage (NYSE:PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including: Shankh Mitra, Chief Executive Officer, Chief Investment Officer and director of Welltower Inc. David Neithercut, former President and Chief Executive Officer and current Board member of Equity Residential...
Exxon Mobil Corp. is facing the threat of a proxy fight from a newcomer activist investor with a sustainability bent that wants the beleaguered energy giant to act faster to remake itself. Engine No. 1 LLC, an investment firm launched by Chris James last week, is preparing to send a letter to Exxon's board urging the Irving, Texas-based company to focus more on investments in clean energy while cutting costs elsewhere to preserve its dividend...
BOSTON (Reuters) - Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9%, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3% in afterhours trading. The New York-based hedge fund now owns 10.5 million shares in the Naples, Florida-headquartered company which is worth $3.7 billion, the filing said...
Engie SA shareholder Amber Capital on Tuesday encouraged the French energy company to accept Veolia Environnement SA's approach for its stake in Suez SA, arguing that the disposal was a good opportunity and raising concerns over the methods employed by Suez's management...
PRNewswire/ - The Board of Directors of Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI") announced today that Jason Melbourne was appointed to join the RBI Board of Directors as an independent member...
Activist investor Trian Fund Management LP has taken a stake in Comcast Corp. in a bet that the cable giant's shares are undervalued. Trian has accumulated about 20 million shares in Philadelphia-based Comcast, for a roughly $870 million stake or about 0.4% of the company, a person familiar with the matter said. Comcast's market value stood at just under $200 billion Monday afternoon...
Activist investor Cevian Capital has cut its holding in Ericsson to 5.45% of the telecom equipment maker's share capital in order to adjust the relative weights of its portfolio and to free up capital for new investments, Cevian co-founder Christer Gardell said on Wednesday...
AT&T Inc. is taking a fresh look at its DirecTV business, according to people familiar with the matter, exploring a deal for a service wounded by cord-cutting. The telecom and media giant and its advisers at Goldman Sachs Group Inc. have been in talks with private-equity suitors about the satellite TV unit, some of the people said...
The Company has sought to further improve governance of compensation by way of the foregoing. As part of an effort to improve corporate governance, ...
A federal appeals court on Tuesday threw out a sweeping antitrust judgment against Qualcomm Inc., ruling the federal government didn't prove the dominant cellphone chip maker engaged in illegal monopolization. The San Francisco-based Ninth U.S...
Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...
Activist shareholder ValueAct Capital Management has sold its entire stake in British aero-engineer Rolls-Royce Holdings Plc and exited the company almost five years after becoming its biggest shareholder, the Financial Times reported...
Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website. Cevian, which campaigned for a separation of ABB's Power Grids business, now holds 4.89% in the maker of electric car charging stations and industrial robots. The holding is a reduction from its 5.34% stake at the end of 2019, according to ABB's annual report...
Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak. Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt...
...concurred with the recommendation proposed by the Nomination, Remuneration and Corporate Governance Committee, (excluding those who may...