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    1. 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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    2. Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Church Commissioners for England and the New York State Common Retirement Fund (NYSCRF) will vote against all board directors at oil giant ExxonMobil’s annual general meeting on 29 May, ipe.com has reported. Edward Mason , head of responsible investment at the Church of England’s £8.3bn (€9.6bn) endowment fund, said: “Exxon continues to lag its industry peers on climate change and to fail to engage properly with shareholders...

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    3. Chevron Won't Counterbid for Anadarko

      Chevron Won't Counterbid for Anadarko

      Chevron Corp. is bowing out of the bidding to buy Anadarko Petroleum Corp., setting the stage for Occidental Petroleum Corp. to win one of the most high-stakes energy-deal dramas in years. In seeking Anadarko, Chevron and Occidental coveted prized assets in the Permian Basin in West Texas and New Mexico, the heart of the U.S. oil boom...

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    4. BlackRock to Vote in Favor of Persimmon Pay Report

      BlackRock to Vote in Favor of Persimmon Pay Report

      (Reuters) - Persimmon looks set to avoid another backlash over executive pay after its largest shareholder BlackRock voted in support of the housebuilder's remuneration report, Sky News reported on Wednesday. The report said BlackRock has backed Persimmon's board ahead of an annual general meeting on Wednesday at which shareholders will vote on the remuneration report, which disclosed that new Chief Executive Dave Jenkinson was paid‎ almost 25 million pounds ($32.67 million) last year...

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    5. Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Dear Mr. Muilenburg: On April 4, 2019 you somewhat belatedly released a statement that “We at Boeing are sorry for the lives lost in the recent 737 MAX accidents.” You added that a preliminary investigation made it “apparent that in both flights” the MCAS “activated in response to erroneous angle of attack information.” Your acknowledgement of the problems with the 737 MAX somehow escaped inclusion in your messages to shareholders, the capital markets, and the Securities and Exchange Commission . It is now stunningly clear that your overly optimistic outlook on January 20, 2019 – after the Indonesian Lion Air crash – was ...

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    6. Energy Industry Confronts Sexual Misconduct and Harassment Allegations

      Energy Industry Confronts Sexual Misconduct and Harassment Allegations

      When Whiting Petroleum Corp. hired its chief executive in 2017, the company was unaware that allegations of sexual misconduct and harassment had been brought against him at his previous employer, according to a person familiar with his hire. Since then, Whiting has investigated the complaints against Brad Holly and told The Wall Street Journal that it is standing by its CEO, in the company's first public comments on the topic...

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    7. L Brands: In Corporate Governance Agreement With Barington Capital

      L Brands: In Corporate Governance Agreement With Barington Capital

      L Brands has reached an agreement about its board with activist investor Barington Capital, and has agreed to make governance enhancements. The parent company of Victoria's Secret and Bath & Body Works will nominate Anne Sheehan, former head of corporate governance for the California State Teachers' Retirement System, to its board, along with former JPMorgan Chase & Co. (JPM) executive Sarah E. Nash...

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    8. Pernod CEO: in Regular and 'Courteous' Talks With Elliott

      Pernod CEO: in Regular and 'Courteous' Talks With Elliott

      PARIS (Reuters) - Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. "There is a regular dialogue between the teams, but we do not see them more than other shareholders. My ambition remains to deliver on our strategic plan, that's my motto," CEO Alexandre Ricard said in a telephone interview...

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    9. Hudbay Minerals: Activist Investor Sues Hudbay Minerals Over Regulatory Filings Ahead of Meeting

      Hudbay Minerals: Activist Investor Sues Hudbay Minerals Over Regulatory Filings Ahead of Meeting

      TORONTO — An activist investor has launched a legal suit against Hudbay Minerals Inc. over the way it's been represented in company filings. Waterton Global Resources, which owns about 12 per cent of Hudbay stock, has accused Hudbay of making "inflammatory and inaccurate aspersions" against it in an information circular ahead of the company's May 7 special and annual meeting...

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    10. Reliant Bancorp, Inc.: Announces Nomination of Connie McGee and Linda Rebrovick to Board of Directors

      Reliant Bancorp, Inc.: Announces Nomination of Connie McGee and Linda Rebrovick to Board of Directors

      McGee and Rebrovick would bring expertise in the areas of strategy, technology, data analytics and marketing Reliant Bancorp, Inc. (the “Company”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that its Board of Directors has nominated Connie McGee and Linda Rebrovick as new directors for election at the Company’s annual meeting of shareholders. This press release features multimedia...

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    11. AIG Paid CEO Duperreault $20.9 Million in 2018

      AIG Paid CEO Duperreault $20.9 Million in 2018

      (Reuters) - Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault's first full year at the helm of the insurer, was less than half the $43.1 million he received in 2017, which included a $12 million cash bonus and other one-time awards...

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    12. Bed Bath & Beyond Inc.: Issues Statement Regarding Activist Investor Group

      Bed Bath & Beyond Inc.: Issues Statement Regarding Activist Investor Group

      UNION, N.J. , March 26, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today issued the following statement in response to a press release issued by Legion Partners Asset Management ("Legion"), Macellum Advisors GP ("Macellum") and Ancora Advisors (" Ancora ") (collectively the "Activist Group") regarding the Activist Group's submission of 16 nominees to take over the Board of Directors...

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    13. Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      SEOUL--U.S. hedge-fund manager Elliott Management Corp. lost its battle to boost dividends and gain board seats at South Korean auto giant Hyundai Motor Group, highlighting the challenge activist firms face in proxy fights with Asia's family-run businesses. The setback follows a victory last year against Hyundai, when the conglomerate called off a corporate restructuring that Elliott said lacked business rationale and hurt shareholders...

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    14. EssilorLuxottica: Shares Slump on New Tensions Within Board

      EssilorLuxottica: Shares Slump on New Tensions Within Board

      PARIS (Reuters) - EssilorLuxottica's shares slumped on Thursday on new tensions in its boardroom as the top shareholder and executive chairman accused the Franco-Italian group's executive vice chairman of a power grab. Shares in spectacles and eyewear company EssilorLuxottica were down 4.9 percent in early session trading, among the worst performers on both the Paris and broader European markets...

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    15. Social Ties Bind CEO, Directors at Victoria's Secret Parent

      Social Ties Bind CEO, Directors at Victoria's Secret Parent

      For decades, Leslie Wexner has run Victoria's Secret and his retail empire with a close-knit group of directors. But amid scrutiny of the board's ties to the 81-year-old billionaire, the company is preparing to bring in some fresh blood. L Brands Inc. has retained a search firm to look for three new board candidates, according to people familiar with the matter...

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    16. Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      FRANKFURT (Reuters) - Activist investor Elliott has called for a shareholder vote to instruct German utility Uniper's management to enter negotiations with top investor Fortum over a domination agreement. Elliott, Uniper's second-largest shareholder with 17.84 percent, wants its motion to be discussed at the group's next annual general meeting on May 22, it said, adding that it would otherwise ask for an extraordinary general meeting...

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    17. Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      (Reuters) - Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent. The owner of Ritz-Carlton and St. Regis luxury hotel brands also forecast its annual profit in a range of $7.65 per share to $8.50 per share by 2021, largely above analysts' average estimate of $7.72 per share, according to Refinitiv data...

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    18. Billionaire Icahn Increases Stake in Caesars Entertainment

      Billionaire Icahn Increases Stake in Caesars Entertainment

      LAS VEGAS — Activist investor Carl Icahn has upped his stake in casino giant Caesars Entertainment . The billionaire, who is seeking fundamental changes in the Las Vegas -based company, on Monday disclosed in a securities filing that recent stock purchases now put his stake at 17.75 per cent. The filing with the Securities and Exchange Commission shows Icahn-controlled hedge funds purchased 15 million shares for $126.75 million...

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    19. Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

      Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

      (Reuters) - Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday. Exxon in late January wrote to the U.S. Securities and Exchange Commission that the proposal, which is set for a vote at its May annual meeting, is misleading and an attempt to “micro-manage the company," spokespeople for investors supporting the proposal said. The Financial Times reported on the letter earlier on Sunday. The Church Commissioners for England (CCE), the ...

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    20. Fir Tree Comments on Halcón CEO Departure, Renews Call for Sale of Company

      Fir Tree Comments on Halcón CEO Departure, Renews Call for Sale of Company

      Fir Tree Capital Management LP ("Fir Tree"), manager of certain funds that together have economic exposure to approximately 7.2% of the common stock of Halcón Resources Corporation ("Halcón" or "the Company") (NYSE: HK ), today issued the following statement regarding the Company’s February 21 st announcement of management and board changes, including the departure of Chief Executive Officer, President, and Director Floyd C. Wilson, and commitment to reduce G&A costs: “We are encouraged that Halcón is following our recommendations by enacting changes at the senior management and board level and significantly reducing G&A – with ...

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    21. Barclays Buoyed in Activist Battle by Investment Banking Gains

      Barclays Buoyed in Activist Battle by Investment Banking Gains

      LONDON (Reuters) - Barclays hit back at its activist shareholder critic by reporting rising annual income at its investment bank but sounded a note of caution with a 150 million pound provision against possible losses due to Brexit. Barclays shares rose 3.5 percent on Thursday as investors looked past an annual profit of £3.5 billion that came in below expectations, focusing instead on progress in its investment bank where profit increased 15 percent...

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    1-24 of 73 1 2 3 »
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