Tag Archives: Opps

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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lululemon athletica Makes A Sexy Debut In The Opps Tracker

CEO resignation after transparent pants debacle sparks reconsideration of company performance. You may recall that the difficult-name-to-type lululemon athletica made the news in March after pulling a line of black yoga pants because they became see-through, which is not what you want … Continue reading

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Relational Investors Gets Results: Timken Hires Goldman Sachs To Review Whether Timken Should Break Off Business Units

Breaking up is hard to do, but Timken will take a look anyway. We have followed the saga of Relational Investors’ and CalSTRS’ attempt to get Timken Co. to separate its steel and ball bearing businesses. There are now reports … Continue reading

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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

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Timken Makes Like Will Smith and the DJ Jazzy Jeff with Voting Standards, Getting Jiggy With Them

Timken Proposes to Lower Certain Director Voting Thresholds By Reverting to State Law Default, But Raises Others While Activists Push For Break Up The Timken Company (TKR) filed a Form 8-K with a notice that it would propose to amend its … Continue reading

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Update to Opps Tracker

Happy New Year. As our first order of business of 2013, we updated took advantage of the fiscal cliff market bounce to update our locked-in gains in the Opps Tracker. We have been tracking Monster Energy Corporation (MNST) since late … Continue reading

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Red Pill/Blue Pill Redux. Abbott Board Approves Spin-Off

As we noted here, Abbott Labs is splitting in two.  The board formally approved it and set a December 12 record date for a January 1 dividend date.  Meanwhile, the stock price has not recovered from the body blow delivered … Continue reading

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