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    1. Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...

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    2. Activist Investor Cevian Reduces Stake in ABB to Under 5%

      Activist Investor Cevian Reduces Stake in ABB to Under 5%

      Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website. Cevian, which campaigned for a separation of ABB's Power Grids business, now holds 4.89% in the maker of electric car charging stations and industrial robots. The holding is a reduction from its 5.34% stake at the end of 2019, according to ABB's annual report...

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    3. Marathon Petroleum Sells Speedway to 7-Eleven Owner for $21 Billion

      Marathon Petroleum Sells Speedway to 7-Eleven Owner for $21 Billion

      Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak. Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt...

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    4. Mark Zuckerberg Asserts Control of Facebook, Pushing Aside Dissenters

      Mark Zuckerberg Asserts Control of Facebook, Pushing Aside Dissenters

      In December, Facebook Inc.'s top brass gathered at Mark Zuckerberg 's more than 700-acre, beachfront estate in Kauai, Hawaii, for an unusual board meeting to discuss how to redirect the company after years of turmoil. Changes came, but they weren't what everyone expected, according to people familiar with the gathering. Within months, Facebook announced the departure of two directors, and added a longtime friend of Mr. Zuckerberg's to the board...

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    5. Activists Lay Down Their Arms as Companies Cope With Coronavirus Spread

      Activists Lay Down Their Arms as Companies Cope With Coronavirus Spread

      Being a shareholder activist investor isn't such a good look right now. Executives are struggling to keep their companies afloat and their workers employed as the coronavirus spreads, and activists' demands in many cases seem less pertinent than they did just a few weeks ago. That's led many of the investors to walk away from campaigns or settle them early...

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    6. Occidental Nears Deal With Activist Icahn on Proxy Battle

      Occidental Nears Deal With Activist Icahn on Proxy Battle

      U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...

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    7. Boards Are More Likely to Review Temporary Succession Plan Amid Pandemic

      Boards Are More Likely to Review Temporary Succession Plan Amid Pandemic

      Temporary succession planning could become a more pressing issue in the coming weeks, as companies prepare for the possibility of executive absences related to the coronavirus pandemic, governance experts say. Finance chiefs, long seen as a steady hand within an organization, are likely contenders to temporarily fill a chief executive or chairman post if needed...

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    8. Disney Shareholders Approve Executive Compensation by Narrow Margin

      Disney Shareholders Approve Executive Compensation by Narrow Margin

      Walt Disney Co. shareholders approved a referendum outlining former Chief Executive Robert Iger's compensation for 2019, with less support than the previous year's vote. At the company's annual meeting Wednesday, the nonbinding resolution on executive compensation, including Mr. Iger's $47.5 million package, passed with about 53% of shareholder votes. The same resolution was accepted at 2019's meeting with 57% voting in favor...

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    9. HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid

      HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid

      HP Inc. pledged to buy $15 billion worth of stock, with at least $8 billion of that in the first year, to tackle a hostile takeover from Xerox Holdings Corp. HP called Xerox's proposal "a fundamentally flawed value exchange" that "created an irresponsible capital structure" and overstates potential savings and productivity gains from merging the companies...

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    1-24 of 129 1 2 3 4 5 6 »
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