1. 1-16 of 16
    1. Dell Technologies: Maintains Plans To Go Public Despite Icahn Opposition

      Dell Technologies: Maintains Plans To Go Public Despite Icahn Opposition

      (Reuters) - Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock, a day after activist investor Carl Icahn opposed the move. Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, saying he intends to do everything in his power to thwart the computer manufacturer's plans. Dell in July announced a $21.7 billion cash-and-stock deal to buy back shares tied to its interest in software provider VMware...

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      Mentions: Carl Icahn stake Dell
    2. Breaking News: California State Law Mandates Female Board Directors by 2019

      Breaking News:  California State Law Mandates Female Board Directors by 2019

      (Reuters) - California will require publicly listed companies with headquarters in the state to have at least one woman on their boards of directors by end of 2019, under a bill signed into law on Sunday. The law would mandate at least two female directors by the end of 2021 if the company has five directors and three women if the company has six or more directors. Violators face fines of at least $100,000 and up to $300,000 for multiple violations of the statute...

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    3. Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm

      Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm

      NEW YORK (Reuters) - A federal judge in Manhattan on Friday dismissed an unusual lawsuit in which billionaire investor Carl Icahn accused the law firm Wachtell, Lipton, Rosen & Katz of malpractice related to his 2012 hostile takeover of CVR Energy Inc. U.S. District Judge Richard Sullivan said CVR failed to show that Wachtell and two of its partners, Benjamin Roth and Andrew Brownstein, should have disclosed that two banks helping CVR defend against the takeover stood to earn much higher fees if Icahn's bid succeeded than if it failed. By suing, CVR, and thus Icahn, were essentially claiming they ...

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    4. Nestlé CEO's Vision Takes Shape, but an Activist Clouds the Horizon

      Nestlé CEO's Vision Takes Shape, but an Activist Clouds the Horizon

      Nestlé SA's Mark Schneider likes to describe his corporate strategy as a movie. Reviews so far have been positive, but he does have one prominent critic. In his nearly two years as chief executive, the former health-care executive has put greater emphasis on nutrition, petcare, coffee and water while shedding ancillary business...

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      Mentions: CEO Starbucks Nestle
    5. Bonanza Creek Energy: SandRidge says Interim CEO not in Race for Top Job

      Bonanza Creek Energy: SandRidge says Interim CEO not in Race for Top Job

      (Reuters) - SandRidge Energy Inc said on Friday board member and interim Chief Executive Officer Bill Griffin would not be a candidate for the position of CEO but would continue in his role until a successor is appointed. The oil producer in February ousted its chief executive James Bennett after coming under pressure from activist investor Carl Icahn who had objected to his pay and a $746 million bid to buy rival Bonanza Creek Energy Inc late last year...

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    6. Glass Lewis Recommends Voting With Wheeler Real Estate Investment Trust, Inc.

      Glass Lewis Recommends Voting With Wheeler Real Estate Investment Trust, Inc.

      VIRGINIA BEACH, Va., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that Glass Lewis, a prominent proxy advisory firm, has issued its recommendation for shareholders to vote WITH THE COMPANY on its WHITE proxy card in favor of: The reelection of eight members of the Board of Directors, the full slate of the Company’s nominees; Advisory vote on the frequency of executive compensation advisory votes ...

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    7. Sempra Energy: Reaches a Truce With Activist Investors

      Sempra Energy: Reaches a Truce With Activist Investors

      After three months of public wrangling, San Diego -based Sempra Energy announced a truce Tuesday with a group of activist investors who control about 4.9 percent of the company. The most noteworthy aspect of the deal calls for adding two members to Sempra's board that boosts the number from 14 to 16. The new board members, who must be agreed upon by each side, are expected to be named within a few weeks...

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    8. United Technologies Says Rockwell Deal, Breakup Decision on Track

      United Technologies Says Rockwell Deal, Breakup Decision on Track

      United Technologies Corp. Chief Executive Greg Hayes said that he expects to close the $23 billion acquisition of Rockwell Collins Inc. by the end of the month, and that in the meantime the industrial conglomerate is forging ahead with plans for a possible breakup. The deal was announced a year ago and Mr. Hayes said in May that he expected it to close in June or July, leading to speculation that regulators were raising questions...

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    9. Campbell Soup: Third Point Looks to Replace Campbell Soup's Entire Board

      Campbell Soup: Third Point Looks to Replace Campbell Soup's Entire Board

      (Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC on Friday said it nominated a slate of directors to replace Campbell Soup Co entire board. Third Point, which owns a 5.65 percent stake in Campbell Soup, said the outcome of the company's recent strategic review was disappointing and was evidence that its board is unable to take the action needed to address the soup maker's problems...

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    10. A Group of Investors Again Urges Big 5 to Change Company Management, Seek a Buyer, or Declassify the Board to Increase Shareholder Value

      A Group of Investors Again Urges Big 5 to Change Company Management, Seek a Buyer, or Declassify the Board to Increase Shareholder Value

      PRNewswire/ -- Earlier this year, a group of investors (the "Group") working with Johnson Fistel , LLP took a stock position in Big 5 Sporting Goods (NASDAQ: BGFV) (referred to below as "Big 5" or the "Company") because they believe that the shares of Big 5 are undervalued and represent an attractive investment opportunity...

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    11. JD.com CEO Returns to China After Arrest in U.S. Sexual Misconduct Case

      JD.com CEO Returns to China After Arrest in U.S. Sexual Misconduct Case

      BEIJING (Reuters) - The CEO of JD.com Inc , Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released. Police said an investigation was ongoing. JD.com has said that the accusation against Liu, 45, was unsubstantiated...

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      Mentions: CEO Alphabet Google
    12. Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers

      Exclusive: Third Point Seeks to Tap Campbell Soup Board Challengers

      (Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co board of directors, according to people familiar with the matter. Third Point, which holds a 5.65 percent stake and has been pushing for a sale of Campbell Soup, is not convinced the company has adequately explored that option, the sources said...

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    13. Lowe's CEO Takes Aim at Home Depot

      Lowe's CEO Takes Aim at Home Depot

      Marvin Ellison is stepping up efforts to close Lowe's Cos.'s performance gap with its larger rival Home Depot Inc. Lowe's plans to shut down Orchard Supply Hardware stores, a small regional hardware chain it acquired five years ago, and Mr. Ellison, chief executive of the world's second-largest home-improvement retailer, said Wednesday a portfolio review is under way to ...

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    14. Video of Redstone Patriarch to be Reviewed in CBS Legal Battle

      Video of Redstone Patriarch to be Reviewed in CBS Legal Battle

      NEW YORK (Reuters) - A video of 95-year-old Sumner Redstone, the patriarch of the family that owns the voting majority of CBS Corp, can be reviewed in the U.S. broadcast and media company's legal battle against the family, a Delaware judge ruled on Wednesday. Redstone, however, will not be required to give testimony, the judge decided...

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    1-16 of 16
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