A federal appeals court on Tuesday threw out a sweeping antitrust judgment against Qualcomm Inc., ruling the federal government didn't prove the dominant cellphone chip maker engaged in illegal monopolization. The San Francisco-based Ninth U.S...
Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...
Activist shareholder ValueAct Capital Management has sold its entire stake in British aero-engineer Rolls-Royce Holdings Plc and exited the company almost five years after becoming its biggest shareholder, the Financial Times reported...
Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website. Cevian, which campaigned for a separation of ABB's Power Grids business, now holds 4.89% in the maker of electric car charging stations and industrial robots. The holding is a reduction from its 5.34% stake at the end of 2019, according to ABB's annual report...
Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak. Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt...
...concurred with the recommendation proposed by the Nomination, Remuneration and Corporate Governance Committee, (excluding those who may...
The Guardian Life Insurance Company of America® (Guardian Life), a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace and through government sponsored programs, announced today that Eileen Murray has been elected to its board of directors...
Satsuma Pharmaceuticals, Inc. (Nasdaq: STSA), a clinical-stage biopharmaceutical company, today announced that it has appointed biopharmaceutical industry veteran Thomas M. Soloway to its Board of Directors...
The Allstate Corporation (NYSE: ALL) announced that Rich Hume, Chief Executive Officer of Tech Data Corporation (NASDAQ: TECD), has been elected to Allstate’s board of directors effective June 12. As of that date, the Allstate board will stand at 11 directors...
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp...
In December, Facebook Inc.'s top brass gathered at Mark Zuckerberg 's more than 700-acre, beachfront estate in Kauai, Hawaii, for an unusual board meeting to discuss how to redirect the company after years of turmoil. Changes came, but they weren't what everyone expected, according to people familiar with the gathering. Within months, Facebook announced the departure of two directors, and added a longtime friend of Mr. Zuckerberg's to the board...
Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday...
... industry to Benitec's Board of Directors . Mr. Smith currently serves as the Chief Financial Officer of Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), ...
He is a senior advisor to Stone Canyon Industries Holdings, JUST Capital, G100 and many organizations focusing on corporate governance and long ...
Being a shareholder activist investor isn't such a good look right now. Executives are struggling to keep their companies afloat and their workers employed as the coronavirus spreads, and activists' demands in many cases seem less pertinent than they did just a few weeks ago. That's led many of the investors to walk away from campaigns or settle them early...
U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...
Temporary succession planning could become a more pressing issue in the coming weeks, as companies prepare for the possibility of executive absences related to the coronavirus pandemic, governance experts say. Finance chiefs, long seen as a steady hand within an organization, are likely contenders to temporarily fill a chief executive or chairman post if needed...
ARDEN HILLS, Minn., March 19, 2020 (GLOBE NEWSWIRE) -- IntriCon Corporation (NASDAQ: IIN), a designer, developer and manufacturer of miniature interventional, implantable and body-worn medical devices, today announced the appointment of Heather Rider to the company’s Board of Directors...
Lamb Weston Holdings, Inc. (NYSE: LW) announced today the appointments of Robert J. Coviello, Senior Vice President, Sustainability and Government Affairs at Bunge Limited, and Robert A. Niblock, former Chairman, President and CEO of Lowe’s Companies, to its Board of Directors...
Simmons served as CEO of the maker of the TABASCO brand of pepper sauces from 2013 to 2019 and has served on its board since 1997...
Xerox Holdings Corp. said it is putting its campaign to take over HP Inc. on hold, a sign that the coronavirus pandemic is affecting deal making. The company said Friday it is postponing additional presentations, interviews with the press and meetings with HP shareholders...
Walt Disney Co. shareholders approved a referendum outlining former Chief Executive Robert Iger's compensation for 2019, with less support than the previous year's vote. At the company's annual meeting Wednesday, the nonbinding resolution on executive compensation, including Mr. Iger's $47.5 million package, passed with about 53% of shareholder votes. The same resolution was accepted at 2019's meeting with 57% voting in favor...
The biggest activist hedge funds are jumping on the wave of socially responsible investing. Elliott Management Corp., known for waging campaigns for share buybacks and executive change, suggested in its recent public letter to Evergy Inc. that the utility consider reducing its carbon footprint...
HP Inc. pledged to buy $15 billion worth of stock, with at least $8 billion of that in the first year, to tackle a hostile takeover from Xerox Holdings Corp. HP called Xerox's proposal "a fundamentally flawed value exchange" that "created an irresponsible capital structure" and overstates potential savings and productivity gains from merging the companies...