Monthly Archives: September 2013

Clinton Group Looks To Get Fat on NutriSystem

Usually activist investor holds over 5% of common stock. Sends love letter to management. You may recall our discussions of Clinton Group from such activist campaigns as Stillwater Mining, Quality Systems and its SPAC, ROI Acquisition Corp. II. It also … Continue reading

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GTA Steals $1 Billion In First Three Days Of Release

GTA hits the competition and runs with a cool billion in its first three days of release. Take-Two Interactive Software, Inc. announced that the release of Grand Theft Auto V achieved first day retail sales of $800 million and worldwide … Continue reading

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Relational Investors Gets Results v.2.0: Timken Announces Spinoff

Spinoffs and retirements to follow. We have been following the Timken saga since late last year. As you recall, Underdisclosed.com favorite Relational Investors, along with CalSTRS, has been harassing Timken Co. to separate its steel and ball bearing business.  They … Continue reading

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What To Expect From The Twitter IPO

To no one’s surprise, the Twitter IPO is garnering a tremendous amount of hype, from people calling it the savior of the tech markets v.2 or the biggest ripoff since Ponzi himself.  Facebook was v.1 and we saw how that … Continue reading

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The Risk Of Bitcoins

Cross-posted at ThatsNotMarket.com. We have been getting our share of Bitcoin-related inquiries lately.  Here are our thoughts regarding the risk of engaging in Bitcoin-denominated transactions. In our view, the biggest risk of Bitcoins is the regulatory issue.  This risk exist whether … Continue reading

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Good News For Pandora In Suit Vs. ASCAP

One of the biggest problems with Pandora’s business model is the gray areas in its relationships with performance rights organizations, such as ASCAP and BMI, who collect royalties on behalf of copyright owners.  They like to say they work for … Continue reading

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Starboard Grows Impatient With Emulex

One of the large hedge fund investors in Emulex Corp. dashes off angry (or disappointed) letter urging immediate action. We have been tracking the Emulex Corp. odyssey for a while now.  In July, we noted that that ELX jumped on … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, Opps, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , | Leave a comment

SunEdison Update – News of a “Spin-Off” Premature (Or Inaccurate), But SunEdison Is Selling A Piece Of Its Semiconductor Business Through An IPO

IPO filing shows that SunEdison will maintain significant ownership as it sells a portion of its semiconductor business. SunEdison is the business of manufacturing semiconductors and solar panels and developing solar power plants. On August 22, we discussed the journalistic … Continue reading

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Aramark Files for IPO

Aramark does more than give you a burger and soda at the game or hospital cafeteria, its mission is to “Deliver experiences that enrich and nourish lives.” In January 2007, ARAMARK Corp. completed its merger, pursuant to which GS Capital … Continue reading

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If At First You Don’t Succeed . . . AMC, The Movie Theater Company, Tries To Go Public In Its Third IPO Attempt Since 2008

We will be reviewing this one in depth for private clients, but we thought it was interesting that AMC Entertainment filed for a $400 million IPO last week. Why so interesting?  Because it tried its hand at an IPO in … Continue reading

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