Category Archives: Hedge Funds

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

Gold v. Bitcoin? “Gold,” Says Hedge Fund Manager

Gold, not Bitcoin, is the real currency alternative, says Paul Singer. Underdisclosed.com favorite Paul Singer, of Elliott Associates fame, is not quite as taken with the current flavor-of-the-month in alternative currencies according to WSJ and CNBC reports. Singer reportedly wrote … Continue reading

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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

Intrawest Resorts, the Fortress Investment-Owned Ski Resort Company, Files For IPO

Intrawest Resorts Holdings, Inc. files for IPO without listing any underwriters.  Intrawest Resorts Holdings, Inc., filed for a $100 million IPO.  Intrawest is a newly formed vehicle into which Fortress Investment Group will dump its ski resort assets in order … Continue reading

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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

Posted in Activist Investor, Business Strategy, Hedge Funds, Listing Standards, M&A | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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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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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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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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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