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    1. Icahn Opposes New Directors Chosen by Occidental CEO

      Icahn Opposes New Directors Chosen by Occidental CEO

      HOUSTON (Reuters) - Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum's board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate. Icahn cited a Bank of America Merrill Lynch analyst's report published on Monday that Quote: d CEO Vicki Hollub as saying the oil producer's board planned to make governance changes, including the appointment of two "qualified" directors...

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    2. Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies (NYSE: AIT) today announced that Madhuri A. Andrews, Senior Vice President, Chief Digital and Information Officer of Jacobs Engineering Group Inc., and Mary Dean Hall, Senior Vice President, Chief Financial Officer and Treasurer of Quaker Houghton, have been elected to its Board of Directors. “We are very pleased to welcome Madhuri and Mary as new Board members,” said Peter C. Wallace, the Company’s Chairman...

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    3. Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      FRANKFURT (Reuters) - U.S. activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors. By Alexander Hübner Elliott, which owns more than 7% of Scout24, accused the German company's Chief Executive, Tobias Hartmann, of showing a lack of ambition and urged his management team to take immediate remedial action...

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    4. Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      (Reuters) - A special panel of Hudson's Bay Co reviewing a C$1.74 billion take-private bid for the retailer, proposed by Chairman Richard Baker and a group of shareholders, said the offer was inadequate based on an initial analysis. The Baker-led consortium, owning 57% of Hudson's Bay, had offered to buy the struggling retailer for C$9.45 per share in June...

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    5. Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Billionaire investor Carl Icahn has filed a formal solicitation statement with the U.S. Securities and Exchange Commission, taking another step in seeking to replace four directors at Occidental Petroleum , alleging the company's board mismanaged its $38 billion deal to buy Anadarko Petroleum...

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    6. Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      (Reuters) - Del Frisco's Restaurant Group Inc said on Monday it agreed to be bought by private equity firm L Catterton for $267.3 million (209.7 million pounds), ending a six-month-long battle with its third largest investor which has been pushing for a sale. Del Frisco's, which owns Eagle Steak House and Frisco's Grille chains, said its shareholders will receive $8 per share, which represents a premium of 18.9% to Friday's close. Including debt, the deal is valued at $650 million...

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    7. Axalta Coating: Announces Board Changes

      Axalta Coating: Announces Board Changes

      PHILADELPHIA , June 24, 2019 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) , a leading global supplier of liquid and powder coatings, today announced that Charlie Shaver has resigned as Chairman of its Board of Directors, effective June 30, 2019 , to focus on other professional commitments. The Board of Directors has appointed current Independent Presiding Director Mark Garrett as its new Chairman. Mr. Garrett also serves as Chairman of Axalta's Strategic Review Committee...

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    8. Capital Market Operators Seek Govt's Intervention in SEC, Oando Dispute

      Capital market operators have called for the urgent intervention of the federal government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc . The operators reacted to the outcome of a forensic audit on Oando , which was released by SEC on May 31 , as well as a court injunction restraining SEC from sacking Oando's Group Chief Executive Officer (GCEO), Mr. Adewale Tinubu , and his deputy.

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      Mentions: SEC crisis risk
    9. Frontier Communications : Announces Election of Three New Directors

      Frontier Communications : Announces Election of Three New Directors

      Frontier Communications Corporation (NASDAQ:FTR) announced today that Kevin L. Beebe, Paul M. Keglevic and Mohsin Y. Meghji have been elected to join Frontier’s Board of Directors, effective immediately. Messrs. Beebe, Keglevic and Meghji will serve on the Board’s Finance Committee, which will continue to be chaired by Robert A. Schriesheim.

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    10. Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. ("APUC" or the "Company") (TSX/NYSE: AQN) today announced that at the Company's annual and special meeting of shareholders held on June 6, 2019 , all of the nominees listed in its management information circular dated April 26, 2019 were elected as directors of APUC until the next annual meeting of shareholders. The detailed voting results for the election of directors are set out below.

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    11. Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Christopher S. Lynch to its Board of Directors. Lynch is the former National Partner in Charge of the Financial Services division at KPMG, LLC and has served as an independent director for over a decade at both American International Group, Inc., where he currently serves, and Federal Home Loan Mortgage Corporation, or Freddie Mac, from which he recently retired...

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    12. AIG to Reach out to Shareholders Over Executive Pay: CEO

      AIG to Reach out to Shareholders Over Executive Pay: CEO

      NEW YORK (Reuters) - American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent nonbinding vote by shareholders to approve his compensation package, Duperrault said, "I have to earn my living." He added, "As the performance improves, then we’ll see how the vote is next year."...

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      Mentions: AIG crisis ISS
    13. FirstGroup: Rebuffs Shareholder Push to Change CEO

      FirstGroup: Rebuffs Shareholder Push to Change CEO

      (Reuters) - Britain's FirstGroup plc on Tuesday rejected top shareholder Coast Capital's proposals to appoint a new chief executive, overhaul its board and exit the rail business, saying they were not in the company's "best interests". Bowing to investor pressure, FirstGroup last week put its iconic North American bus line Greyhound for sale and said it would spin off its UK First Bus business...

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    14. Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      DALLAS (Reuters) - Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot. Two institutional shareholders had urged a vote in favour of the role split after Exxon got the U.S. Securities and Exchange Commission to strike a climate change measure from its ballot...

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      Mentions: crisis risk Chevron
    15. Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      (Reuters) - Activist shareholder ValueAct on Thursday urged Merlin Entertainments to go private and said the owner of Madame Tussauds, the London Eye and Alton Towers could be valued at about 4 pounds a share, 20% more than its current price. That would value the Legoland owner at more than 4 billion pounds. It had a market capitalisation of 3.42 billion pounds as of Wednesday's close, according to Refinitiv Eikon data...

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    16. Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Church Commissioners for England and the New York State Common Retirement Fund (NYSCRF) will vote against all board directors at oil giant ExxonMobil’s annual general meeting on 29 May, ipe.com has reported. Edward Mason , head of responsible investment at the Church of England’s £8.3bn (€9.6bn) endowment fund, said: “Exxon continues to lag its industry peers on climate change and to fail to engage properly with shareholders...

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    17. Chevron Won't Counterbid for Anadarko

      Chevron Won't Counterbid for Anadarko

      Chevron Corp. is bowing out of the bidding to buy Anadarko Petroleum Corp., setting the stage for Occidental Petroleum Corp. to win one of the most high-stakes energy-deal dramas in years. In seeking Anadarko, Chevron and Occidental coveted prized assets in the Permian Basin in West Texas and New Mexico, the heart of the U.S. oil boom...

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    18. BlackRock to Vote in Favor of Persimmon Pay Report

      BlackRock to Vote in Favor of Persimmon Pay Report

      (Reuters) - Persimmon looks set to avoid another backlash over executive pay after its largest shareholder BlackRock voted in support of the housebuilder's remuneration report, Sky News reported on Wednesday. The report said BlackRock has backed Persimmon's board ahead of an annual general meeting on Wednesday at which shareholders will vote on the remuneration report, which disclosed that new Chief Executive Dave Jenkinson was paid‎ almost 25 million pounds ($32.67 million) last year...

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    19. Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Dear Mr. Muilenburg: On April 4, 2019 you somewhat belatedly released a statement that “We at Boeing are sorry for the lives lost in the recent 737 MAX accidents.” You added that a preliminary investigation made it “apparent that in both flights” the MCAS “activated in response to erroneous angle of attack information.” Your acknowledgement of the problems with the 737 MAX somehow escaped inclusion in your messages to shareholders, the capital markets, and the Securities and Exchange Commission . It is now stunningly clear that your overly optimistic outlook on January 20, 2019 – after the Indonesian Lion Air crash – was ...

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