Entries tagged "Harbinger Capital Partners"

In Asarco, the M&A battle rolls on

It seems as if the auction for bankrupt copper mining company Asarco will never end.

Spectrum Brands' batteries run out

After months of speculation, consumer products maker Spectrum Brands finally filed for Chapter 11 and will restructure.

Harbinger spooks Dolans as it raises stake in Cablevision

After years of blowing off Cablevision System Corp.'s shareholders, the Dolan family may have finally met its match in activist hedge fund Harbinger Capital Partners. Since the activist hedge fund took a stake in the cable company, Cablevision has gone on an investor roadshow, started exploring asset sales and started paying a dividend; but that may not be enough for Harbinger which has now increased its position in the company to 8.1% and wants to meet with management....

Harbinger stake prompts Cablevision to charm investors

The emergence of activist hedge fund Harbinger Capital Partners as a stakeholder in Cablevision Systems Corp. may have been the motivating factor behind the company's recent listening tour with investors. Cablevision's controlling family, famous for its own feuding among each other and sticking by the Knicks' Isaiah Thomas, has consistently put off talking to major shareholders since 2005....

Senior lenders kill sale of Spectrum's pet supply unit to Salton

Senior lenders killed Spectrum Brands Inc.'s deal to unload its pet products business to Salton Inc. on Monday, sending the seller's shares 6% lower by midday....

Harbinger wins seats on Media General's board

Media General Inc. shareholders elected three directors nominated by dissident shareholders, Harbinger Capital Partners. The new directors include former broadcasting executive J. Daniel Sullivan, investment manager F. Jack Liebau Jr. and turnaround consultant Eugene I. Davis. ...

In the boardroom: The New York Times shakes up its slate

The New York Times Co. is shaking up its director slate in an attempt to blunt a board insurgency from activist shareholders Harbinger Capital Partners and Firebrand Partners LLC. Harbinger and Firebrand have quickly amassed a 19.03% stake in the New York Times and are expected to put more pressure on the Sulzberger family. The activists have put forward four Class A board nominees who mostly have backgrounds (no surprise) in finance, while the Times is pulling in big name from media, financial services and Internet commerce for both Class A and B. The Times' annual meeting is on April 22....

Top tags

• M&A (1067)
• bankruptcy (543)
• private equity (519)
• politics (396)
• credit crisis (361)
• banks (353)
• Bank of America (349)
• banking (333)
• Citigroup (318)
• layoffs (312)