1. 49-72 of 106 « 1 2 3 4 5 »
    1. EssilorLuxottica: Shares Slump on New Tensions Within Board

      EssilorLuxottica: Shares Slump on New Tensions Within Board

      PARIS (Reuters) - EssilorLuxottica's shares slumped on Thursday on new tensions in its boardroom as the top shareholder and executive chairman accused the Franco-Italian group's executive vice chairman of a power grab. Shares in spectacles and eyewear company EssilorLuxottica were down 4.9 percent in early session trading, among the worst performers on both the Paris and broader European markets...

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    2. Social Ties Bind CEO, Directors at Victoria's Secret Parent

      Social Ties Bind CEO, Directors at Victoria's Secret Parent

      For decades, Leslie Wexner has run Victoria's Secret and his retail empire with a close-knit group of directors. But amid scrutiny of the board's ties to the 81-year-old billionaire, the company is preparing to bring in some fresh blood. L Brands Inc. has retained a search firm to look for three new board candidates, according to people familiar with the matter...

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    3. Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      FRANKFURT (Reuters) - Activist investor Elliott has called for a shareholder vote to instruct German utility Uniper's management to enter negotiations with top investor Fortum over a domination agreement. Elliott, Uniper's second-largest shareholder with 17.84 percent, wants its motion to be discussed at the group's next annual general meeting on May 22, it said, adding that it would otherwise ask for an extraordinary general meeting...

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    4. Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      (Reuters) - Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent. The owner of Ritz-Carlton and St. Regis luxury hotel brands also forecast its annual profit in a range of $7.65 per share to $8.50 per share by 2021, largely above analysts' average estimate of $7.72 per share, according to Refinitiv data...

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    5. Billionaire Icahn Increases Stake in Caesars Entertainment

      Billionaire Icahn Increases Stake in Caesars Entertainment

      LAS VEGAS — Activist investor Carl Icahn has upped his stake in casino giant Caesars Entertainment . The billionaire, who is seeking fundamental changes in the Las Vegas -based company, on Monday disclosed in a securities filing that recent stock purchases now put his stake at 17.75 per cent. The filing with the Securities and Exchange Commission shows Icahn-controlled hedge funds purchased 15 million shares for $126.75 million...

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    6. Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

      Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

      (Reuters) - Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday. Exxon in late January wrote to the U.S. Securities and Exchange Commission that the proposal, which is set for a vote at its May annual meeting, is misleading and an attempt to “micro-manage the company," spokespeople for investors supporting the proposal said. The Financial Times reported on the letter earlier on Sunday. The Church Commissioners for England (CCE), the ...

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    7. Fir Tree Comments on Halcón CEO Departure, Renews Call for Sale of Company

      Fir Tree Comments on Halcón CEO Departure, Renews Call for Sale of Company

      Fir Tree Capital Management LP ("Fir Tree"), manager of certain funds that together have economic exposure to approximately 7.2% of the common stock of Halcón Resources Corporation ("Halcón" or "the Company") (NYSE: HK ), today issued the following statement regarding the Company’s February 21 st announcement of management and board changes, including the departure of Chief Executive Officer, President, and Director Floyd C. Wilson, and commitment to reduce G&A costs: “We are encouraged that Halcón is following our recommendations by enacting changes at the senior management and board level and significantly reducing G&A – with ...

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    8. Barclays Buoyed in Activist Battle by Investment Banking Gains

      Barclays Buoyed in Activist Battle by Investment Banking Gains

      LONDON (Reuters) - Barclays hit back at its activist shareholder critic by reporting rising annual income at its investment bank but sounded a note of caution with a 150 million pound provision against possible losses due to Brexit. Barclays shares rose 3.5 percent on Thursday as investors looked past an annual profit of £3.5 billion that came in below expectations, focusing instead on progress in its investment bank where profit increased 15 percent...

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    9. Cash-Hoarding Japanese Firms Please Investors as Share Buybacks Hit Record

      Cash-Hoarding Japanese Firms Please Investors as Share Buybacks Hit Record

      TOKYO/HONG KONG (Reuters) - Japanese share buybacks have hit a record this fiscal year and are set to maintain the booming growth as cash-rich companies bow to pressure from investors and the government to boost returns and improve governance. In recent weeks, SoftBank Group Corp, Sony, Itochu Corp and other companies have announced plans to buy back shares worth more than 1.3 trillion yen, bringing the total value of buybacks flagged since April 1 to over 6.5 trillion yen (£45.6 billion)...

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    10. Starboard Gauges Bristol-Myers Shareholder Support for Celgene Deal

      Starboard Gauges Bristol-Myers Shareholder Support for Celgene Deal

      (Reuters) - Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion (57 billion pounds) deal to buy Celgene Corp, people familiar with the matter said on Friday. The acquisition would be the biggest pharmaceuticals deal ever and would unite two major sellers of cancer drugs. Starboard has not decided whether it would oppose the Celgene deal, the sources said...

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    11. Hercules Capital : Expands Board of Directors to Nine Members with the Appointment of Gayle Crowell

      Hercules Capital : Expands Board of Directors to Nine Members with the Appointment of Gayle Crowell

      Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the leading specialty finance company to innovative, venture growth, pre-IPO and M&A stage companies backed by leading and top-tier venture capital firms, today announced the appointment of Gayle Crowell to serve as a member of its board of directors, effective February 4, 2019...

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    12. Omega Flex, Inc. Announces New Director Appointed to the Board

      Omega Flex, Inc. Announces New Director Appointed to the Board

      (GLOBE NEWSWIRE) -- Omega Flex, Inc. (NASDAQ: OFLX) (the “Company”) today announced that the Board of Directors appointed James M. Dubin as a director of the board of directors. Mr. Dubin has been designated as a Class 3 director, and will have a term expiring at the 2020 annual shareholder meeting. Mr. Dubin is currently the Executive Chairman of Conair Corporation, a diversified consumer products company...

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    13. Halcon Resources: Fir Tree Calls for Sale of Halcón and Appointment of Two Independent Directors

      Halcon Resources: Fir Tree Calls for Sale of Halcón and Appointment of Two Independent Directors

      NEW YORK , Feb. 4, 2019 /PRNewswire/ -- Fir Tree Capital Management LP ("Fir Tree"), manager of certain funds that together have economic exposure to approximately 7.2% of the common stock of Halcón Resources Corporation ("Halcón" or "the Company") (NYSE: HK), today issued an open letter and presentation to the Board of Directors of Halcón (the "Board") urging the Company to work with shareholders to immediately appoint two independent directors to lead a process to sell for cash and/or stock the entire Company and to cut its excessive corporate overhead. The presentation referenced in the letter can ...

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    14. Activist Investor Paulson Raises Stake in Britain's Premier Foods

      Activist Investor Paulson Raises Stake in Britain's Premier Foods

      (Reuters) - Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has upped its overall interest in Britain's Premier Foods Plc to 11.9 percent, a regulatory filing https://reut.rs/2WyWn6J showed on Friday. The activist investor's move comes a little over two months after the Bisto gravy and Oxo-cube maker said Chief Executive Officer Gavin Darby would be stepping down, following a shareholder revolt, led by activist hedge fund Oasis Management, that called for a management overhaul. Darby stepped down as CEO on Jan. 31, 2019. Paulson had urged Premier Foods to replace its ...

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    15. LVMH Boss Says Has No Hand in Activist Elliott Targeting Pernod

      LVMH Boss Says Has No Hand in Activist Elliott Targeting Pernod

      PARIS (Reuters) - LVMH, owner of Moet & Chandon champagne and Hennessy cognac, does not want to destabilise Pernod Ricard and has nothing to do with activist investor Elliott buying a stake in the French spirits group, its Chairman and CEO said on Tuesday. LVMH billionaire boss Bernard Arnault, who described relations with Pernod Ricard CEO Alexandre Ricard as "friendly, made the comments at a news conference on the luxury group's annual results...

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      Mentions: Conference stake AMP
    16. Activist Elliott Has Doubts About Thyssenkrupp Split

      Activist Elliott Has Doubts About Thyssenkrupp Split

      FRANKFURT (Reuters) - Activist fund Elliott raised doubts about Thyssenkrupp's plan to split in two in a letter to the conglomerate's chief executive last month, a person familiar with the matter told Reuters. The remarks add to scepticism expressed by other shareholders about the German group's plan - announced in September - to spin off its capital goods businesses. Shares in the group have fallen by 32 percent since...

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    17. Pernod Ricard: Activist Target Pernod Boosts Board Independence with New Role

      Pernod Ricard: Activist Target Pernod Boosts Board Independence with New Role

      PARIS (Reuters) - French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance. Pernod Ricard, which makes Martell cognac and Jameson whiskey, also said longtime founding family ally and former chief executive Pierre Pringuet was stepping down as vice-chairman of the board, although he will remain a director...

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    18. Ashland Announces Significant Board Refreshment and Board Leadership Changes to Support Continued Execution of Strategic Plan

      Ashland Announces Significant Board Refreshment and Board Leadership Changes to Support Continued Execution of Strategic Plan

      (GLOBE NEWSWIRE) -- Ashland Global Holdings Inc. (NYSE: ASH) today announced significant changes to the composition and leadership of its board of directors, consistent with its ongoing board refreshment program. These include the addition of two new independent board members, appointment of a lead independent director and appointment of new board committee chairs ...

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    19. Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

      Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

      TOKYO (Reuters) - Japan's Olympus Corp said it would propose to give top shareholder U.S. hedge fund ValueAct Capital a seat at its board, a rare move in the country where activists are still viewed by companies as asset-strippers to be resisted. The Japanese medical equipment and camera maker also said Yasuo Takeuchi, its vice president, will become chief executive officer from April 1, replacing Hiroyuki Sasa. Shares of Olympus jumped more than 10 percent after the announcements on Friday...

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      Mentions: Hedge Fund KKR Japan
    20. Activist Investor Elliott Raises Stake in Germany's Uniper

      Activist Investor Elliott Raises Stake in Germany's Uniper

      Activist investor Elliott Management Corp. has raised its stake in German energy company Uniper SE (UN10.XE) to 17.84% from 16.51%, according to a regulatory filing. Uniper's largest shareholder, Finnish state-controlled Fortum Oyj , is currently barred from holding more than half the shares by Russian authorities, due to some Uniper activities in the country. But if circumstances change, Fortum could potentially launch a takeover bid and buy out minorities, such as Elliott...

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    49-72 of 106 « 1 2 3 4 5 »
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