Category: Activist
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Activist Elliott said to build stake in struggling oil major BP
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(Bloomberg) – Elliott Investment Management has built a large stake in BP PLC, according to the people familiar with the matter, as the British are struggling with the confidence of investors and reverse years of performance. Most of them read from Bloomberg People said that the activist fund seeks to…
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Walmart scales back diversity initiatives after pressure from conservative activist
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Walmart, the world’s largest retailer, announced it will no longer consider race and gender policies when awarding supplier contracts after facing pressure from conservative activist Robbie Starbuck. The company is backing away from several diversity, equity and inclusion (DEI) initiatives after criticism that they hurt certain groups. As part of…
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Southwest and activist investor Elliott begin settlement talks
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Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline’s board, according to people familiar with the matter. Elliott proposed a framework that would give her representation on Southwest’s board but not control, said some of the…
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Here are the facts that activist critics of Pfizer CEO Albert Bourla are missing, according to a Yale analysis
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The proxy battle between activist Starboard Value and pharmaceutical giant Pfizer has already taken a hostile turn. Anonymous sources have disparagingly suggested that Pfizer CEO Dr. Albert Bourla should be removed. After news reports suggested they initially sided with the activists, former Pfizer CEO Ian Read and former CFO Frank…
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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Portillo’s stock gains after report activist Engaged Capital has stake
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Joe Hendrickson/iStock Editorial via Getty Images Portillo’s Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is talking to management about improving operations, margins and brands as the Chicago-based chain operates.…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…