1. Articles in category: BoardNews

    25-48 of 8775 « 1 2 3 4 5 ... 364 365 366 »
    1. MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations

      MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations
      • MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
      • It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
      • Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...
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    2. Dell Technologies: Sweetens VMware Offer with Higher Price, Board Seat

      Dell Technologies: Sweetens VMware Offer with Higher Price, Board Seat

      (Reuters) - Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer maker to the stock market without an initial public offering...

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    3. Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour. The proposal is aimed squarely at the nation's largest bricks-and-mortar retailer: Walmart, which announced earnings Thursday that beat analysts' expectations though revenue missed forecasts...

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      Mentions: CEO Amazon Walmart
    4. Dell Is Near Deal to Win Support of Tracking Stock Holders -

      Dell Is Near Deal to Win Support of Tracking Stock Holders -

      (Bloomberg) -- Dell Technologies Inc. is close to agreeing a deal with some of the top shareholders of its tracking stock that would guarantee their support for the company’s plan to return to the public markets, according to people familiar with the matter. The improved terms under deliberation would include an increased cash component and could value the tracking stock, known as DVMT, at about $120 to $130 per share, said the people, who asked not to be identified as the details aren’t public...

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    5. Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      (Bloomberg) -- Amos Genish says he was duped. Sent on a business trip to Asia over the weekend, the Telecom Italia SpA chief executive officer learned on a hastily summoned conference call in the early hours of Tuesday in Europe that he was out of his job. Genish was canned by a board stacked with representatives from Elliott Management Corp., the activist investor that had become increasingly weary of the former army captain turned executive...

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    6. MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq

      MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq
      • MoviePass parent company, Helios & Matheson Analytics (HMNY), announced Tuesday that it had canceled a special shareholders meeting regarding a vote on a proposed 1-for-500 reverse stock split.
      • The meeting was postponed twice and then canceled because the company said it "does not expect to have the requisite stockholder votes to approve the proposed reverse stock split," according to an SEC filing...
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    7. Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      (Bloomberg) -- The sun had yet to rise over Milan when Telecom Italia SpA’s board gathered for a conference call Tuesday morning. Dialing in thousands of miles away was Chief Executive Officer Amos Genish, who had spent the last few days in South Korea and China for business. By the time the meeting wrapped up just before 9 a.m., he was out of his job. Genish was voted out by the board members representing activist investor Elliott Management Corp., who make up 10 of the 15 directors...

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    8. UK: Premier Foods CEO Darby Quits After Shareholder Revolt

      UK:  Premier Foods CEO Darby Quits After Shareholder Revolt

      (Reuters) - The chief executive of Oxo-cube maker Premier Foods is stepping down under pressure from an activist investor after failing to halt a share price slide since a proposed takeover fell through two years ago. The company also said on Tuesday it was in talks to sell its Ambrosia rice pudding and custards brand to cut a debt pile that exceeds 500 million pounds and laid out plans to speed up investments in marketing and high-return capital projects...

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    9. A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight

      A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight

      Healthcare IT company Athenahealth reached an agreement with Veritas Capital and Elliott Management to be acquired in a $5.7 billion deal. The deal comes after a long-running push from Elliott for Athenahealth to sell itself. Under the two big investment firms, Athenahealth will be combined with Virence Health, a company Veritas acquired earlier this year. The Athenahealth saga is coming to a close...

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      Mentions: Athenahealth
    10. All-Male Boards at Top U.K. Firms Come Closer to Extinction

      All-Male Boards at Top U.K. Firms Come Closer to Extinction

      (Bloomberg) -- All-male boards at the U.K.’s biggest companies are nearing extinction, a sign that government efforts to increase gender parity are paying off. Just five companies in the FTSE 350 Index have no women at the top table, down from eight in 2017, according to data from the annual Hampton-Alexander Review that will be released in full Tuesday. The number has fallen dramatically since 2011 when 152 boards were men-only...

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    11. Wells Fargo and BlackRock Plaintiffs Settle RMBS Trustee Litigation

      Wells Fargo and BlackRock Plaintiffs Settle RMBS Trustee Litigation

      Wells Fargo ( News - Alert ) Bank, N.A., and a group of institutional investors, including funds affiliated with BlackRock, Inc. and PIMCO, announced today that they have reached a settlement that resolves two class action lawsuits in federal and state court related to Wells Fargo's role as trustee for certain residential mortgage-backed securities (RMBS) trusts created more than a decade ago. Under terms of the agreement, Wells Fargo will pay $43 million and Wells Fargo denies the claims in ...

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    12. Campbell Soup Offers to Add Two Third Point Nominees to Board

      Campbell Soup Offers to Add Two Third Point Nominees to Board

      (Reuters) - Campbell Soup Co, which is in the midst of a proxy battle with Third Point LLC, said on Friday it offered to add two of the hedge fund's nominees to its board, after a similar proposal was rejected by the activist investor. The soup maker had proposed adding Kurt Schmidt and Sarah Hofstetter from the hedge fund's slate to the board following its annual meeting...

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    13. Activist Blue Harbour Discloses New Stake in Jack in the Box

      Activist Blue Harbour Discloses New Stake in Jack in the Box

      (Bloomberg) -- Activist investor Blue Harbour Group disclosed a new stake in restaurant chain Jack in the Box Inc. and may push for changes at the company. Greenwich, Connecticut-based Blue Harbour owns a 6.8 percent stake in the fast-food company and believes it is undervalued, according to a regulatory filing. The investor thinks Jack in the Box made the right decision to sell Qdoba Restaurant Corp. and divest a majority of its remaining company-owned units...

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      Mentions: stake Bloomberg Jana
    14. Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express

      Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express
      • Hedge-fund billionaire Dan Loeb's Third Point Capital disclosed a stake in American Express, according to a report.
      • Loeb believes American Express will trade above $135 over the next 18 months — 25% above where shares were trading on Friday.
      • Years of lagging performance galvanized the American Express franchise and "forced necessary investments," Loeb said...
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    15. Symantec CEO Weighs in on Takeover Talk, Starboard

      Symantec CEO Weighs in on Takeover Talk, Starboard

      (Bloomberg) -- Symantec Corp.’s shares have slumped this year amid an internal accounting investigation and waning consumer interest in antivirus software for personal computers. Activist investor Starboard Value LP secured three board seats in a deal with the Mountain View, California-based company in September. Last week, the stock surged after a report that private equity firm Thoma Bravo had approached the cybersecurity company about a potential takeover...

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    25-48 of 8775 « 1 2 3 4 5 ... 364 365 366 »
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