Category Archives: Activist Investor

Tech Shareholder Activism Increasing

As M&A picks up generally, and the tech sector in particular, shareholder activism is on the rise as well. Activism Monthly’s (which is about business rabble-rousing, not social rabble-rousing) latest issue includes an article discussing the technology industry.  According to … Continue reading

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

Emulex Workforce Reduction to Ax 10% In Restructuring Plan

There’s a lot of end-of-year activity at Emulex as it announces plans to ax 10% of its employees in a workforce reduction and tries to find its way back to financial and shareholder relations health. Earlier this week, Emulex announced … Continue reading

Posted in Activist Investor, Business Strategy, Earnings Release, Elliott Associates, Executive Changes, Hedge Funds, Private Placement, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , , , , , , , | Leave a comment

Observations as Third Point Discloses Holdings for Most Recent Quarter

Who are the winners and losers in Daniel Loeb’s Third Point world since the last filing? The New Additions. Activision Blizzard, fresh from its Vivendi buyback, found itself in Third Point’s portfolio to the tune of about $43.4 million.  Other … Continue reading

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Clinton Group Increases Overland Storage Stake Ahead of Merger

Clinton Group ups the ante, helping out Overland Storage where they can. Underdisclosed.com favorite Clinton Group, Inc.was a major shareholder in Overland Storage, a maker of data storage products. As of September 2013, Clinton held about 2.9 million shares and … Continue reading

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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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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

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Delicious IPO News

We note a couple of things that caught our eye heading into the holiday weekend. Potbelly Potbelly Corp., the “fast-growing neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items served by engaging people in an … Continue reading

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Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

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Going Once, Going Twice . . . Third Point Takes Major Stake In Sotheby’s

Will the auctioneer become the next item up for auction? Daniel Loeb’s Third Point disclosed a 5.7% stake in Sotheby’s today in an SEC filing.  There appears to be some activist intentions behind the “investment purposes” it disclosed as the … Continue reading

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Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … Continue reading

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