1. Articles from Bloomberg

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    1. Elliott Stake Complicates Rocket Internet’s Plan to Delist

      Elliott Stake Complicates Rocket Internet’s Plan to Delist

      Elliott Management Corp. has taken a 15.1% stake in Germany’s Rocket Internet SE in a potential challenge to the startup factory’s plan to delist its shares. Rocket’s founding Samwer brothers decided in September to take the company private after recent investments failed to match earlier successes such as Zalando , now one of Europe’s largest fashion retailers, and Lazada , a Southeast Asia-focused consumer electronics company...

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      Mentions: Management IPO stake
    2. Evolent Health Settles With Activist Investor Engaged

      Evolent Health Settles With Activist Investor Engaged

      Activist investor Engaged Capital has reached a settlement with Evolent Health Inc. that will see a new director join the board and the health-care company form a committee charged with improving investor returns. Under the terms of the agreement, Craig Barbarosh will be appointed to the board and its newly created strategy review committee...

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    3. Elliott Holds Talks With Public Storage, Seeks Six Board Seats

      Elliott Holds Talks With Public Storage, Seeks Six Board Seats

      Activist investor Elliott Management Corp. held “constructive discussions” with Public Storage in recent weeks and nominated six directors to the board, the real estate investment trust said Sunday. Elliott is seeking the board seats after buying a sizable stake in Public Storage , according to a person familiar with the matter...

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    4. D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs

      D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs

      D.E. Shaw & Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut its spending to improve performance and maintain its dividend, according to people familiar with the matter. The investor on Tuesday sent a letter to Exxon arguing that changes are needed because the oil major has consistently underperformed rival Chevron Corp. , said the people, who asked not to be identified because the details are private. D.E...

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    5. Westdale Is Said to Approach Aimco With Takeover Proposal

      Westdale Is Said to Approach Aimco With Takeover Proposal

      Westdale Real Estate Investment and Management has approached Apartment Investment & Management Co. with an all-cash takeover proposal, people familiar with the matter said. The unsolicited offer for Aimco is at a premium to the real estate investment trust’s market value of about $4.7 billion before the approach was revealed, the people said, asking not to be identified as the matter is private. The target has not yet responded to the proposal, which was made last week, the people said...

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    6. Wall Street Knows Who It Doesn’t Want at SEC: Gensler or Bharara

      Wall Street Knows Who It Doesn’t Want at SEC: Gensler or Bharara

      Joe Biden’s presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the U.S. Securities and Exchange Commission. The uneasiness started late last week, when news broke that Gary Gensler -- a scourge of Wall Street when he led the Commodity Futures Trading Commission -- had been tapped to examine financial regulators for the president-elect...

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    7. Walmart Must Turn Over Files on Alleged Opioid-Mishandling

      Walmart Must Turn Over Files on Alleged Opioid-Mishandling

      Walmart Inc. must disclose some internal files related to alleged mishandling of opioid painkillers sold through the company’s in-store pharmacies, after a judge ruled in favor of investors who claim directors failed in their oversight. Two pension funds “quite clearly have a credible basis” to probe whether board members wrongfully turned a blind eye to excessively large sales of the highly addictive medicines, Delaware Chancery Judge Travis Laster ruled Monday...

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    8. L&G to Vote Against Company Boards That Lack Racial Diversity

      L&G to Vote Against Company Boards That Lack Racial Diversity

      Legal & General Group Plc ’s investment arm will vote against certain senior appointments at FTSE 100 and S&P 500 companies if they fail to include ethnic minorities on their board. The asset manager wants to see at least one Black, Asian or other ethnic minority on the board at major U.K. and U.S. firms by January 2022, according to the newsletter from Legal & General Investment Management...

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      Mentions: Board Diversity
    9. One of Sweden’s Biggest Investors Starts ESG Pressure Campaign

      One of Sweden’s Biggest Investors Starts ESG Pressure Campaign

      Alecta, a Swedish pension fund with about $110 billion under management, wants to take active investing to a new level to force the companies it owns to be more ethical. Carina Silberg, who runs a newly merged corporate governance and sustainability unit at Alecta, says her team is bringing in reams of data to figure out exactly what portfolio companies are doing when it comes to environmental, social and governance standards...

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    1-24 of 540 1 2 3 4 ... 21 22 23 »
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