Mergers and acquisitions
ISS endorses most of activist Ancora’s nominees for Norfolk Southern board
Alan Shaw, CEO, Norfolk Southern Scott Mlyn | CNBC Influential proxy advisory business ISS advisable on Tuesday that Norfolk Southern shareholders guidance five of activist Ancora’s 7 board nominees, withholding an endorsement from CEO choose Jim Barber but describing him as a “credible director and CEO candidate nonetheless.” ISS’ endorsement arrives 1 day right after […]
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Glass Lewis endorses 6 of activist Ancora’s nominees for Norfolk Southern board
A Norfolk Southern train is en route on Feb. 14, 2023 in East Palestine, Ohio. Previously in the thirty day period a derailment despatched millions of lbs . of poisonous chemicals into the setting and compelled 1000’s of people today to evacuate. Angelo Merendino | Getty Photos Information | Getty Photos Activist trader Ancora been […]
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Elliott normally takes $1 billion stake in Anglo American as miner faces takeover interest
Chris Ratcliffe | Bloomberg | Getty Pictures Elliott Administration has developed a roughly $1 billion stake in miner Anglo American in modern months, a individual common with the make a difference told CNBC. Anglo American shares were up 5%. Information of the activist’s situation comes as the $43 billion, London-based miner faces takeover curiosity from […]
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TGI Fridays to go public through merger with its U.K. franchisee
TGI Fridays logo is seen on one of their branches. John Lamparski | Lightrocket | Getty Images TGI Fridays and Hostmore, the chain’s U.K. franchisee, announced plans to merge on Tuesday. The all-share deal is valued at 177 million pounds ($220 million). If it closes, TGI Fridays, best known for its potato skins, chicken wings […]
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Macy’s settles proxy fight with activist Arkhouse, adds two directors
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a […]
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British isles regulator refers Vodafone's merger with 3 for in-depth competitiveness probe
A pedestrian walks previous a Vodafone store in central London on May perhaps 16, 2023. British mobile giant Vodafone is to axe 11,000 work opportunities about three decades in the most recent cull to hit the tech sector, as new manager Margherita Della Valle slammed current efficiency. Adrian Dennis | AFP | Getty Images The […]
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Disney versus Nelson Peltz vote hinges on Vanguard, Condition Avenue, institutional investors
Bob Iger and Nelson Peltz. CNBC In 2015, Nelson Peltz’s Trian Associates was defeated in an activist campaign towards chemical business DuPont, mainly simply because the leading a few institutional shareholders voted in opposition to his slate. Just about a 10 years later, these identical institutional buyers — Vanguard, Point out Avenue and BlackRock — […]
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DWAC inventory jumps 35% on Trump’s reduced bond, put up-merger ticker information
Pavlo Gonchar | SOPA Photos | Lightrocket | Getty Pictures Shares of Electronic Planet Acquisition Corp. soared 35% on Monday immediately after an appeals court docket significantly reduced the bond previous President Donald Trump has to put up in a civil fraud scenario, and the company declared it will start out investing as DJT on Tuesday. […]
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Activist trader ideas second combat at Masimo, sending shares up 12%
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Wellness-tech corporation Masimo, very best regarded for its prosperous patent litigation over the Apple View, is struggling with a proxy combat for the next time in two several years — from the similar activist investor who now sits on the company’s 6-human being board. Quentin Koffey’s Politan […]
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Match adds two administrators in offer with activist trader Elliott Management
Nurphoto | Nurphoto | Getty Pictures Tinder and Hinge operator Match Group added two new administrators and signed an agreement with Elliott Administration, months following the activist investor was reported to have taken a stake in the company, Match declared on Monday. Instacart Chief Marketing and advertising Officer Laura Jones and Zillow co-founder Spencer Rascoff […]
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