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Entries tagged "activist hedge fund"Bloomberg: Ackman's Target investment not on targetActivist hedge fund manager William Ackman of Pershing Square Capital Management LP appears to have had a mixed 2008, which is more than can be said for most of his peers. In 2008 he had some losses, which he can thank to investments in retailers, but he also had some winning bets, including an unlikely one. ... Deal International: News on UBS, Pardus-Valeo, Philips-MedQuist and moreStay tuned to TheDeal.com and Deal International for updates to these stories and more.UBSTopping headlines out of Europe Thursday morning, UBS offers an above-forecast $15.3 billion of new shares at a deeper-than-expected discount. ... Borders renegotiates backstop deal with PershingActivist investor Pershing Square Capital Management LP has agreed to buy Borders Group Inc.'s international units, but that deal may be far from done. The insurgent revised Monday its financing agreement with Borders in a deal that is more favorable to the bookseller. In it, Pershing Square will pay $135 million for the bookstore's international chain, up from $125 million. The revised deal also includes a lower interest rate of 9.8% on a $42.5 million senior secured term loan offered by the activist fund. ... Barington nominates four to Dillard's boardActivist investor Barington Capital Group LP has taken its insurgency at Dillard's Inc. up a notch Wednesday by nominating a minority slate of four director candidates to the department store chain's 12-person board. One of the candidates is Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware and a known governance expert. ... Activists launch board fight at Office DepotOffice Depot Inc. is urging shareholders to reject the efforts of activist investors Levitt Corp. and Woodbridge Equity Fund to elect two board nominees at the company's April 23 annual meeting. The activists are seeking to replace the company's current CEO and chairman Steve Odland and prior CEO Steve Fuente with Office Depot's former COO Mark Begelman and Martin Hanaka, the former president of rival Staples Inc. ... CtW seeks nay vote for Mack, other Morgan Stanley board membersCtW Investment Group's message to Morgan Stanley shareholders is simple: You lose the company $9.4 billion, you lose your board seat.... XO's Icahn dropWhile Lesley Stahl's 60 Minutes piece on Carl Icahn examined the "Icahn lift" that stocks often receive when he agitates for change at companies, it did not mention that Icahn's telecom XO Holdings Inc. itself has had activist investors, including Fort Worth firm Amalgamated Gadget LP. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "activist hedge fund." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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