Entries tagged "activist campaign"
An activist campaign to break up Time Warner Inc. that Carl Icahn began with the help of a sovereign wealth fund seems to finally be coming to fruition with the news that the media giant will finally spin off its cable TV system. ...
As Carl Icahn launched a new strategy in his battle with Motorola Inc.'s management earlier in the week, the telecommunications equipment company launched its own offensive by announcing it would split into two publicly traded companies. ...
In the world of dealmakers, an activist investor is someone out to change a company for the benefit of its share price -- in other words they are driven purely by financial motivation. However, video game maker Take-Two Interactive Software Inc. counts among its shareholders an activist of a different nature. ...
Activist hedge fund Third Point LLC lowered its stake in Cypress Semiconductor Corp. to 3.8%, or about 6 million shares, from 5.1%, according to a 13D amendment filed late evening Friday. ...
Harbinger Capital Partners and Firebrand Partners LLC took the next step in their campaign for change at the New York Times Co. on Friday when they filed a proxy for company's shareholder meeting. The firms say the Times needs "bold action to adapt to the changing media landscape" that requires "fresh, independent leadership in the boardroom." The firms Class A nominees are New York University Stern School of Business professor and Firebrand founder Scott Galloway, middle market private equity investor James Kohlberg, venture capital investor Allen Morgan and Internet media entrepreneur Gregory Shove. The vote is April 22....
Investor Mark Wattles' Wattles Capital Management LLC has amassed a 6.5% stake in struggling Circuit City Stores Inc., and is now agitating for change with the nomination of five directors to the electronics retailer's board. The investment is the second big position Wattles has taken in an electronics retailer; he's the largest shareholder of Ultimate Electronics Inc. Interestingly, he amassed his holdings in Ultimate shortly before its 2005 Chapter 11 bankruptcy filing and bought half its stores at a bankruptcy auction....
