1. Articles from Tomi Kilgore

    1-15 of 15
    1. Activist Investor Nelson Peltz Resigned From Pentair Board After 5 Months as Director

      Activist Investor Nelson Peltz Resigned From Pentair Board After 5 Months as Director

      Pentair PLC PNR, +1.14% disclosed Tuesday that activist investor Nelson Peltz, founder of the hedge fund Trian Fund Management LP, has resigned from the industrial manufacturer's board, as of Sept. 10. Peltz became a director in April 2018, which was when the company completed the spinoff of its electrical business, nVent Electric PLC, to its shareholders...

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    2. CEO Pay Ratio Disclosures Provide Little More Than Noise for Investors

      CEO Pay Ratio Disclosures Provide Little More Than Noise for Investors

      The new requirement for companies to report how much more their CEOs made than the typical employee may have produced some “oohs” and “aahs,” but that’s about it. If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors...

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    3. CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      Shares of CommVault Systems Inc. CVLT, +1.69% shot up 11% in premarket trade, putting it on track to open at an eight-month high, after the company said activist investor Elliott Management disclosed a 10.3% stake in the data management company. That would make Elliott the largest shareholder, based on FactSet data. CommVault said Elliott, a hedge fund founded by billionaire investor Paul Singer, has nominated four people to join CommVault's board of directors...

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    4. Cars.com Agrees to add Activist investor Starboard's Nominees to its Board

      Cars.com Agrees to add Activist investor Starboard's Nominees to its Board

      Cars.com Inc. CARS, +0.30% said Friday it has agreed to appoint activist investor Starboard Value LP's nominees to its board of directors, and expand the size of the board to 11 members from eight. The appointees will be Michael Kelly, chief executive of investment firm Kelly New Ventures and former CEO of The Weather Channel Companies, Bryan Weiner, executive chairman of digital advertising agency 360i and an additional independent director to be agreed upon later...

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    5. Newell Brands Confirms Activist Investor's Attempt to Replace Board of Directors

      Newell Brands Confirms Activist Investor's Attempt to Replace Board of Directors

      Newell Brands Inc. NWL, -5.26% said Friday that it received notice that activist investor Starboard Value and Opportunity Master Fund Ltd. plans to nominate 10 members to the consumer goods company's board of directors . Newell responded by saying the board is currently comprised of "nine highly ...

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    6. T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC

      T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC

      MarketWatch is not alone in criticizing wireless operator T-Mobile US. Inc. for its accounting. An investor group sent a formal letter of complaint to the Securities and Exchange Commission on Wednesday, asking the regulator to conduct a probe of the company’s accounting practices. CtW Investment Group works with pension funds that are sponsored by unions affiliated with a federation known as Change to Win, and focuses on shareholder activism around corporate governance...

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    7. Pandora Shares Surge as Board Member Lends Credence to M&A Speculation

      Pandora Shares Surge as Board Member Lends Credence to M&A Speculation

      Pandora Media Inc.'s stock surged 10% in active trade Thursday, as the addition of a long-time media executive to the music streaming services board of directors fueled merger speculation. The company said late Wednesday that it expanded the size of its board to 10 members from nine, with the addition of Anthony J. Vinciquerra ...

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    8. KaloBios terminates Martin Shkreli as CEO

      KaloBios terminates Martin Shkreli as CEO

      KaloBios Pharmaceuticals Inc. said Martin Shkreli was terminated as its chief executive office on Dec. 17. Shkreli has also resigned as a member of the board of directors. Shkreli was arrested last week by the Federal Bureau of Investigations and accused of securities and wire fraud based on his former work as a manager at hedge fund MSMB Capital Management and CEO of Retrophin Inc. . Shkreli ...

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    9. Media General to Open Merger Talks with Nexstar, after Pressure from Starboard

      Media General to Open Merger Talks with Nexstar, after Pressure from Starboard

      Media General Inc. said it will open discussions with Nexstar Broadcasting Group Inc. , regarding Nexstar's unsolicited buyout bid launched in late September. The TV station operator said its board has unanimously rejected Nexstar's bid, saying it "significantly undervalues" the company, but will engage in private negotiations. Last week, New York hedge fund and activist investor Starboard Value ...

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    10. Citrix's Stock Shoots Up To 8-month High After Activist Investor Seeks Meeting With Board

      Citrix's Stock Shoots Up To 8-month High After Activist Investor Seeks Meeting With Board

      Citrix Systems Inc.'s stock shot up 6.4% in morning trade Thursday, to trade above the $70 level for the first time since Oct. 6, 2014, after activist investor Elliott Management requested a meeting with the company's board to share its ideas on how to improve Citrix. Elliott, which said it owns 7.1% of Citrix shares outstanding, believes Citrix's stock price can rise to a range of $90 to $100+, which is 28% to 42%+ above current levels...

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    11. Crown Castle Shares Rally After Activist Investor Urges Increased Dividend

      Crown Castle Shares Rally After Activist Investor Urges Increased Dividend

      Shares of Crown Castle International rallied 4.3% in premarket trade Tuesday, after activist investor Corvex Management said it believes the shares could rise 27% to about $100 "in a short time frame," if the wireless communications infrastructure company's management would change its capital allocation plan and cut costs...

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    1-15 of 15
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    Icahn Gets Richer off Family Dollar Crown Castle Shares Rally After Activist Investor Urges Increased Dividend Wynn Resorts Explains Why it Doesn’t Trust CEO’s Ex-Wife Citrix's Stock Shoots Up To 8-month High After Activist Investor Seeks Meeting With Board The Tell: Hedge Funds Take a Beating on Perrigo’s Stock Media General to Open Merger Talks with Nexstar, after Pressure from Starboard KaloBios terminates Martin Shkreli as CEO Pandora Shares Surge as Board Member Lends Credence to M&A Speculation T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC Share Buybacks Will Return with a Vengeance Next Year Berkshire Hills Appoints Sylvia Maxfield and Jonathan I. Shulman as New Independent Directors Boeing (BA) Nominates New Directors and Announces Director Retirements