Monthly Archives: February 2013

Just When You Think New York And The US Have Done All They Can Do To Force Capital to Flee Overseas . . .

EU banker pay caps and “transparency” rules to prove a boon to EU financial market competitors. The EU has capped banker bonuses and will require a “strict transparency regime.”  This proves that you don’t have you win if the other … Continue reading

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Corvex Is At It Again, Targeting Another REIT. This Time: CommonWealth REIT, Tag, You’re It

Corvex and Related team up to take on CommonWealth, and it is getting messy. When we last checked in on Corvex Management (run by a former Icahn protégé), it was busy creating some shareholder value at Corrections Corporation of America … Continue reading

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Compuware Going Private?

After previously sparring with Elliott Associates over a takeover offer, Compuware decides to take its ball and go home.  And invites Elliott Associates. The always awesome Elliott Associates previously made a $3.2 billion bid for Compuware Corporation (CPWR).  The market … Continue reading

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Linn Energy to Buy Berry Petroleum

In the words of Tupac, the darker the berry, the sweeter the juice. What’s darker than the black gold, the Texas tea? Linn Energy (LINE) and Berry Petroleum (BRY) have agreed that Linn will pick the Berry, with BRY holders … Continue reading

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Facebook To Make Use Of Its Risk Factor Relating To Cybersecurity Weaknesses

Cross-posted from That’s Not Market and based on a news story from last week: On Friday afternoon, Facebook announced that hackers had their way with some employee laptops. It said none of its users’ data was compromised, and that the attack … Continue reading

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A Close Look At Apple’s Executive Compensation Disclosures . . .

in our PRO Report. Join Now!

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Starboard Value Nudges Office Depot To Create Some Shareholder Value. In Totally Unrelated News, Office Depot to Merge With OfficeMax.

On September 18, 2012, we reported that Starboard Value was having a shredding party with Office Depot (ODP), announcing it owned over 13% of its shares and telling them how to run their business.  ODP closed at $2.59/share that day.  … Continue reading

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Point to Einhorn, Greenlight In First Volley Of Apple Litigation Over Shareholder Meeting

As we previously reported, David Einhorn and Greenlight Capital are unhappy with how Apple bundled some shareholder proposals for its upcoming annual meeting.  Specifically, it would remove some discretion from Apple’s directors before implementing Einhorn’s preferred method of returning cash … Continue reading

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A Closer Look At the Description of Parker Drilling’s Proposed Settlement with DOJ, SEC

Parker Drilling will pay a bunch of money, promise to be good and tattle on itself for three years. If not, all bets are off and DOJ and SEC can still unleash the hounds. Parker Drilling Company (PKD) announced today … Continue reading

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Reports of Additional Dell Institutional Shareholders Opposing Proposed Buyout

T. Rowe Price joins Yacktman Asset Management and Pzena Investment Management in voicing opposition. Bloomberg is reporting that T. Rowe Price has joined the chorus of dissent with respect to the proposed Dell buyout, quoting its chairman, Brian Rogers, as … Continue reading

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