Tag Archives: Activist Investor

Elliott Turns Its Attention To NetApp

Hot off of its victory with Hess, Elliott Associates turns its focus to NetApp. Elliott Management has reportedly acquired a significant stake in NetApp Inc. (NTAP) and will press the company to change its board and boost shareholder value.  NetApp … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds | Tagged , , , , , , , , , , , | Leave a comment

Transocean Has Nothing Good To Say About Icahn Nominees

Transocean explodes with a gusher of crude quotes in a press release responding to ISS’ assessment of Carl Icahn’s nominees. Carl Icahn is looking for some representation on the board of directors of Transocean Ltd. (NYSE: RIG), and ISS agrees … Continue reading

Posted in Activist Investor, Carl Icahn, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , | Leave a comment

Proxy Battle for The Timken Company In Full Effect. Timken Sends Letter to Shareholders Criticizing Proposal from Relational Investors and CalSTRS

Timken warns shareholders not to be fooled by misleading dissident campaign. We have been following the Timken/Relational-CalSTRS saga for a while now. It is now in full proxy fight mode.  The latest is Timken’s launch against the dissidents with a … Continue reading

Posted in Activist Investor, Business Strategy, Hedge Funds, Opps, Relational Investors, Spinoff | Tagged , , , , , , , , , , , , | Leave a comment

Stillwater Runs Shallow As Clinton Group Continues Proxy Fight For Stillwater Mining Company

Activist Investor cites poor strategy and performance in bid to replace board. Clinton Group, Inc., a stockholder of Stillwater Mining Company (NYSE: SWC), launched a proxy fight to replace the new board of directors for Stillwater. Clinton claims that “on … Continue reading

Posted in Activist Investor, Business Strategy, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , | Leave a comment

Emulex Corporation and Elliott Associates Enter Into Agreement For Standstill, Board Seats

Hedge Fund gets closer to the driver’s seat with Emulex. We’ve been following the Emulex/Elliott saga for a while now and watched as one of our favorite hedge funds was working from the outside to create some value at Emulex, … Continue reading

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

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Apple, David Einhorn, Hedge Funds, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, M&A | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Dell Responds to Inquiries About Fairness of Proposed LBO; Declares It Awesome

“Upon further reflection, we were right the first time.” Dell Inc. (Dell) responded to inquiries and criticism relating to its proposed going private deal with Silver Lake Partners, Michael Dell, Bank of America, Barclays, Credit Suisse, RBC, and Microsoft participating. Critics, … Continue reading

Posted in Activist Investor, M&A | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Big Shareholder to Dell: “Step off, I’m Doing the Hump. And Your Going Private Offer for Dell is Far Too Low”

Large shareholder objects to LBO price and provides the data. Dell Inc. (Dell) has proposed a going private transacton where Silver Lake Partners and Michael Dell would take the compnay private for $13.65/share.  Bank of America, Barclays, Credit Suisse and … Continue reading

Posted in Activist Investor, M&A | Tagged , , , , , , , , , , , , , , , , , , , , , | 2 Comments