BlackBerry (BB) Reports Board of Directors Election Results ... 2018, were elected as directors to serve until the next annual meeting of shareholders ...
Disney has raised its offer for 21st Century Fox assets to $38 a share, or a total of $71.3 billion in cash and stock.
The increased offer comes after Comcast crashed Disney's attempt to buy the assets with a $65 billion bid of its own just one week ago, after the US Justice Department approved the AT&T-Time Warner merger...
(Reuters) - Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S., February 11, 2014...
McKesson CEO John Hammergren will take a 10 percent pay cut in fiscal 2018 as the company faces a shareholder lawsuit for allegedly failing to audit controls for opioid-based painkillers, according to Bloomberg . The lawsuit was filed in 2017 by shareholder Chaile Steinberg against former and current McKesson executives and directors...
Vintage, which originally offered $13 per share for Rent-A-Center last fall, made a $14-per-share proposal on June 12. Rent-A-Center said Monday its board had unanimously accepted an improved $15-per-share offer that represents a premium of 25% to the stock’s Friday close. The board “is confident [the proposal] maximizes value for stockholders while delivering a significant and immediate cash premium,” CEO Mitch Fadel said in a news release...
NEW YORK - Fujifilm Holdings Corp (4901.T) sued Xerox Corp (XRX.N) on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger...
FRANKFURT (Reuters) - Activist shareholder Elliott has raised its stake in German food processing equipment maker GEA Group ( G1AG.DE ) to 5.03 percent from 3.01 percent as of June 12, a regulatory filing by GEA showed on Monday. Elliott’s holding rose above 3 percent in October. Reporting by Maria Sheahan; Editing by Edward Taylor...
Mellanox Technologies is close to reaching a deal with activist investor Starboard Value over the composition of its board of directors...
When we told you in March of CEO John Chen’s lucrative contract extension at BlackBerry Ltd. − stock awards designed to be worth more than US$300-million − we also knew Mr. Chen was in line for a cash bonus, amount to be named later. Shareholders scouring the company’s proxy statement now know the number: Mr. Chen is in line for a possible US$90-million award, on top of the shares BlackBerry granted him...
When getting the Fearless Girl campaign ready for launch, the State Street Global Advisors marketing team was prepared for the worst...
Hedge funds and private equity firms have swooped in to replace traditional media management companies, prompting fears these owners' profit-first management styles have damaged their civic duty...
Perry Ellis International Inc. PERY 0.87% agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company. A newly formed entity controlled by Mr. Feldenkreis will acquire the Perry Ellis shares for $27.50 each. The offer represents a premium of 21.6% to the company’s share price Feb. 5, the last day before the proposal from Mr. Feldenkreis...
(Bloomberg) -- McKesson Corp. cut Chief Executive Officer John Hammergren’s pay by about 10 percent following a shareholder revolt spurred by claims about the health-care firm’s alleged role in the nation’s opioid crisis. The International Brotherhood of Teamsters led a vote-no campaign in 2017 against the firm’s executive pay plan after accusing the drug distributor of aggravating the opioid epidemic...
(Reuters) - SandRidge Energy Inc ( SD.N ) said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board...
TOKYO, June 15 (Reuters) - Hong Kong's Oasis Management has taken a stake in Japanese oil refiners Idemitsu Kosan Co and Showa Shell Sekiyu KK with the aim of spurring a merger that is opposed by Idemitsu's founding family, a person with direct knowledge of the matter said...
Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday.