1. Articles from wsj.com

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    1. The Deals and Dealmakers That Made the Year in M&A

      The Deals and Dealmakers That Made the Year in M&A

      This year was a big one for mergers and acquisitions, but it could have been even better. The value of deals announced globally reached $3.8 trillion through Dec. 27, making 2019 the fourth-best year on record for M&A. The combined value of deals fell just 4% short of last year’s total, according to Dealogic, as the appetite for megamergers reached a new high...

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    2. Activist Urges Gaming and Leisure Properties to Seek Deal

      Activist Urges Gaming and Leisure Properties to Seek Deal

      Land & Buildings Investment Management wants it to explore deal with VICI Properties Activist investor Land & Buildings Investment Management LLC has been buying shares in Gaming and Leisure Properties Inc. and is pushing the casino real estate owner to seek a merger partner, according to people familiar with the matter...

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    3. California Governor Threatens to Block PG&E Bankruptcy Exit

      California Governor Threatens to Block PG&E Bankruptcy Exit

      Democrat Gavin Newsom says changes needed before he will sign off on embattled utility’s proposed plan to exit chapter 11 California Gov. Gavin Newsom is demanding changes to PG&E Corp.’s plan to pay wildfire victims and exit bankruptcy, saying the company’s current proposal “falls woefully short” of a law outlining requirements that would allow the utility to receive state assistance...

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    4. Activist Investor Takes Stake in CVS

      Activist Investor Takes Stake in CVS

      Activist investor Starboard Value LP has taken a stake in CVS Health Corp. and held talks with the drugstore-and-insurance giant’s management, according to people familiar with the matter. The stake appears to be relatively small and the people said the talks, held recently, are amicable. How much Starboard currently owns and what it has discussed with the company couldn’t be learned...

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    5. McDonald’s to Pay Easterbrook Six Months Severance

      McDonald’s to Pay Easterbrook Six Months Severance

      McDonald’s Corp. MCD -2.72% said it would pay former Chief Executive Steve Easterbrook six months in severance after firing him due to a relationship with an employee that broke company policy. The burger giant said in a filing on Monday that the agreement absolved McDonald’s of liability resulting from Mr. Easterbrook’s termination and barred him from working for another fast-food company for two years...

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    6. AT&T Reaches Truce With Activist as TV Defections Worsen

      AT&T Reaches Truce With Activist as TV Defections Worsen

      Division holding DirecTV sheds 1.4 million pay-TV customers in latest quarter; WarnerMedia revenue slips AT&T Inc.’s struck a truce with an activist investor that had been pressuring the telecom giant to revamp its strategy and said its chief executive will stay at the helm through next year. The deal came as the company reported another quarter revealing the challenges of moving beyond its traditional telephone business. Overall, quarterly profit and revenue declined from a year ago...

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    7. Activist Investor Behind CSX Overhaul Sells Most of Its Stake

      Activist Investor Behind CSX Overhaul Sells Most of Its Stake

      The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry. Paul Hilal’s investment vehicle, Mantle Ridge LP, has sold off nearly all of its $1 billion position in CSX, according to securities filings...

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    8. Care.com Needs Supervision

      Care.com Needs Supervision

      Activist investor calls for Care.com to consider a sale, but even that may not be enough to restore parents’ lost trust Care.com’s days as an independent matchmaker could be limited. New York-based activist investor Engine Capital L.P. is calling for the company to explore a sale in the wake of The Wall Street Journal’s March investigation which showed it provided limited vetting of its caregivers, sometimes with tragic results...

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    9. Icahn Looks to Occidental’s Ex-CEO for Help in Fight With Company

      Icahn Looks to Occidental’s Ex-CEO for Help in Fight With Company

      Occidental Petroleum Corp. Chief Executive Vicki Hollub is eager to move forward following her $38 billion deal to buy Anadarko Petroleum Corp. But first she has to deal with Carl Icahn, who is trying to bring Ms. Hollub’s predecessor back into the boardroom. The activist investor has already pushed for four seats on Occidental’s board, arguing that Ms. Hollub ignored investors and made costly rookie mistakes in her bid to outduel Chevron Corp. for Anadarko...

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    10. Facebook Board to Tighten Oversight, as Zuckerberg Keeps Control

      Facebook Board to Tighten Oversight, as Zuckerberg Keeps Control

      As Facebook Inc. FB -0.56% ’s co-founder and chief executive, Mark Zuckerberg holds extraordinary sway over the social-media giant. Wednesday’s historic settlement with the Federal Trade Commission keeps his power largely intact, even as it calls for the board to tighten the reins on the company’s privacy practices...

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    11. Vanguard to Take Tougher Stance Against Overextended Board Members

      Vanguard to Take Tougher Stance Against Overextended Board Members

      Vanguard Group is taking a tougher stance against companies whose board members it believes are stretched too thin.

      The world’s second-largest asset manager plans to vote, in most cases, against corporate executives running for two or more public-company board seats beyond where they are employed, a Vanguard spokeswoman said. Vanguard said it would generally vote against other board candidates seeking more than four board seats at one time...

       

       
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