Tag Archives: takeover

Corvex Management and Related Fund Management Declare Victory In Attempt To Oust The CommonWealth Directors.

We’ve covered the CommonWealth REIT saga with Corvex Management LP and Related Fund Management LLC, who are trying to oust the CommonWealth directors. The funds, who together own about 9.6% of CommonWealth, announced that they delivered consents from holders of … Continue reading

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CommonWealth REIT: Marcato Joins Fight With Corvex and Related Fund Over Consent Solicitation At CommonWealth.

Getting the band back together. Last we saw Marcato Capital Management, they had teamed up with Corvex Management to reign down some REIT reorg on Corrections Corporation of America (CXW). Last we saw Corvex Management, they had teamed up with … Continue reading

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CommonWealth REIT to Shareholders: We’ve Considered Your Thoughts On The Matter Of Our Board Of Trustees. Please Note Our Middle Finger.

Shareholders vote against election of trustee, so CommonWealth board members appoint him to fill his own vacancy caused by his own resignation triggered by his own electoral smackdown at the hands of the shareholders. At the annual meeting of the … Continue reading

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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

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Starboard Value Nudges Office Depot To Create Some Shareholder Value. In Totally Unrelated News, Office Depot to Merge With OfficeMax.

On September 18, 2012, we reported that Starboard Value was having a shredding party with Office Depot (ODP), announcing it owned over 13% of its shares and telling them how to run their business.  ODP closed at $2.59/share that day.  … Continue reading

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Skullcandy Hires “Experienced” Guy As CFO, Not Previously Affiliated With The Beatles. Buy Why? AARP Approves, Will Investors? Will Potential Acquirors?

Skullcandy (SKUL) went public about 14 months ago with one of the coolest prospectus covers we’ve ever seen.  They must have spent a fortune on printing in that offering.* When a cool, hip company like Skullcandy goes public at $20 … Continue reading

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Oh Boy! Office Depot In Play? WWDMD (What Would Dunder Mifflin Do)?

Activist investor Starboard Value jammed Office Depot’s printer with its notice that it owns over 13% of the shares of the common stock of ODP, the home of office supply savings (60% off of store brand printer ink as we … Continue reading

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Big Time Hedge Fund Guy, George Soros, Buys Big Part of Manchester United (MANU) Through Offshore Company. GOOOOAAAAALLLL!!!!

As of August 9, 2012, Quantum Partners LP, a Cayman Islands [Ed.:  Spooooky offshore jurisdiction!] exempted limited partnership, filed a statement with the SEC disclosing that it owns 7.85%, or 3,114,588 shares, of Manchester United plc (NYSE:MANU), the company that owns … Continue reading

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