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Saturday, November 21, 
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Entries tagged "Harbinger"

Harbinger selloff continues

Harbinger Capital Partners continues its selloff. After trimming its New York Times stake, Philip Falcone's hedge fund is selling shares in Calpine too.


Slim has his eyes on the Times

Rupert Murdoch isn't the only communications magnate putting money into prime U.S. newspapers assets. Latin American telecommunications tycoon and billionaire investor Carlos Slim Helú disclosed a 6.4% stake in New York Times Co. late Wednesday. Slim's family trust holds 9.1 million shares of the publisher. ...


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....


Harbinger digs in for Cleveland-Cliffs fight

Iron ore giant Cleveland-Cliffs Inc. didn't seek approval from its largest shareholder before going out and proposing to spend $10 billion on coal producer Alpha Natural Resources Inc. And now the would-be buyer could be a target. ...


Harbinger plans Inmarsat bid

The hedge fund and portfolio company SkyTerra will seek regulatory approvals to make an offer for the $4.3 billion satellite group.


Harbinger ices $4.36B Inmarsat takeover

Harbinger Capital Partners on Monday put on ice a possible takeover of Inmarsat plc because of regulatory complexities but left the door open for a later offer for the £2.2 billion ($4.36 billion) satellite communications company. ...


Short sellers target U.K. banks

Significant short positions in U.K. banks were revealed on Monday following the introduction of a new disclosure regime by the Financial Services Authority on June 20. ...


Report: Harbinger to spread its branches, while peers are pruned

Hedge fund Harbinger Capital Partners Funds may be seeking to grow its fund at a fast and furious pace over the next six months, while its peers have suffered recent declines. The hedge fund, which made headlines recently for its successful proxy fight with the New York Times Co., is looking to attract $4 billion in new investments to its $25 billion fund over the next six months, according to a Tuesday report by the New York Post. ...


Harbinger reveals NRG bid for Calpine

Princeton, N.J.-based NRG Energy Inc. has offered to buy rival power producer Calpine Corp. for almost $9.6 billion. ...


Bloomberg not interested; The New York Times is not for sale

After New York City Mayor Michael Bloomberg denied rumors that he might want to buy the New York Times Co., Arthur Sulzberger Jr. is again telling shareholders the company is not for sale. ...


ISS backs Harbinger in Media General battle

Media General Inc. and dissident shareholder Harbinger Capital Partners both responded Tuesday to a recommendation by RiskMetrics Group's ISS Governance Services that shareholders should vote for two of the three nominees that the activist hedge fund wants placed on Media General's board. ...


Harbinger wins seats on New York Times' board

While most of the business media was busy dissecting the Bear Stearns Cos. news Monday, The New York Times Co. announced it would give in to a group of activist hedge funds seeking representation on the media's company's board of directors in an attempt to avoid a proxy fight. Consequently, Harbinger Capital Partners and Firebrand Partners, which had bought 19% of the Times' publicly-traded class A stock, will receive two board seats. ...



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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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