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Bed Bath & Beyond Co-Founders To Retire Amid Board Shuffle
Monday, April 22, 2019 - 10:53am | 379Home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) on Monday announced a series of changes to its board of directors composition, including the retirement of company co-founders Warren Eisenberg and Leonard Feinstein. What Happened Due to pressure from activist investors, Bed Bath &...
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Bed Bath & Beyond Boosted By Activist Battle, Analyst Upgrade
Tuesday, March 26, 2019 - 8:48am | 445Shares of struggling specialty retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) soared 25 percent Tuesday morning after multiple activist investors bought a 5-percent stake. What Happened Three activist investment funds -- Legion Partners Asset Management, Macellum Advisors and Ancora...
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Campbell, Third Point Reach Agreement On Board Involvement
Monday, November 26, 2018 - 3:31pm | 514After months of back-and-forth between Campbell Soup Co. (NYSE: CPB) and activist investor Third Point LLC regarding the addition of board members and company involvement, the two have reached a deal. What Happened Following its annual shareholder meeting Nov. 29, Campbell will...
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Report: Carl Icahn Accumulates Dollar Tree Shares
Tuesday, October 16, 2018 - 3:03pm | 345Billionaire investor Carl Icahn established a large stake in struggling Family Dollar in 2014. He pressured the company to seek a buyer and turned a significant profit when it was acquired by Dollar Tree, Inc. (NASDAQ: DLTR) for $8.5 billion. What Happened Icahn is now assembling a large stake...
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Dear Activists: Buying Stock Can Effect More Change Than Selling It
Tuesday, March 6, 2018 - 4:06pm | 879Gun stocks veered from historical trends and sold off in the wake of the latest U.S. mass shooting. Two weeks after the Parkland, Florida massacre that left 17 dead, Vista Outdoor Inc (NYSE: VSTO) fell 10.2 percent, Sturm Ruger & Company Inc (NYSE: RGR) 7.5 percent and American Outdoor Brands...
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Activists Gonna Activate: Hedge Funds Send Letters To Acorda, Taubman Centers Boards
Monday, August 7, 2017 - 2:41pm | 896Last week was big for activist investors, with Barington Capital Group and NuOrion Partners toppling Avon Products, Inc. (NYSE: AVP)’s CEO, Nelson Peltz and Bill Ackman forcing out Mondelez International Inc (NASDAQ: MDLZ)’s CEO, and Ackman’s Pershing Square inciting a drop in...
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Activist Investors Are Back And More Active Than Ever
Wednesday, February 22, 2017 - 4:13pm | 280Notable activist investor Carl Icahn helped boost shares of Bristol-Myers Squibb Co (NYSE: BMY) on Wednesday after his name was attached to the stock. This comes just a few days after Nelson Peltz, a fellow activist investor, amassed a multi-billion-dollar stake in Procter & Gamble Co...
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Bill Clinton: Blame Activist Investors, Not NAFTA For Companies Fleeing To Mexico
Tuesday, September 20, 2016 - 1:14pm | 321Former President Bill Clinton said on Tuesday that activist investors are partially to blame when companies flee the United States for Mexico. Speaking to CNBC during the Clinton Global Initiative's annual meeting in New York City, Clinton said activist investors "demand a profit in a year and a...
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Hedge Funds Issue Open Letters
Tuesday, September 13, 2016 - 9:55am | 608Monday was a busy day for the hedge fund sector as several notable firms issued public letters. Corvex Management To Williams' New Board Members Keith Meister's Corvex Management is one of the largest shareholders of Williams Companies Inc (NYSE: WMB). On Monday, the fund wrote a letter to Stephen...
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Gadfly Breaks Down Chipotle: Ackman's Eyes Bigger Than His Stomach
Wednesday, September 7, 2016 - 7:46am | 391Activist investor Bill Ackman disclosed a 9.9 percent stake in Chipotle Mexican Grill, Inc. (NYSE: CMG). Ackman also noted that Chipotle's stock is "undervalued" and represents an "attractive investment." According to Gadfly's Shelly Banjo and Tara Lachapelle, the...
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Bill Ackman Is The 'Unofficial Leader Of A Thundering Herd' That Lost Billions Of Dollars
Thursday, April 28, 2016 - 8:26am | 259Billionaire activist investor Bill Ackman has lost billions of dollars through his fund's large stake in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) following the stock's nearly 85 percent collapse over the past year. Ackman also holds a seat at Valeant's board of directors and testified in front...
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Mangrove Partners Continues Activist Battle Against Asta Funding
Wednesday, April 6, 2016 - 1:19pm | 311Mangrove Partners, an activist investment firm, disclosed on Tuesday a 17.4 percent stake in Asta Funding, Inc. (NASDAQ: ASFI). Mangrove Partners announced in late May an unsolicited tender offer to acquire up to 3 million shares of common stock of Asta Funding at a price of $9.00 per share. The...
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Financial Services Confirms Receipt Of Notice From Activist Investor, Touts Shareholder Return
Wednesday, April 6, 2016 - 11:53am | 247Financial Institutions, Inc. (NASDAQ: FISI), a financial holding company with operations in Western and Central New York, confirmed on Wednesday it has received notice that Clover Partners is nominating Johnny Guerry and Terrell T. Philen for election to the company's Board of Directors....
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Numerex Announces Agreement With Viex Capital Advisors Concerning Board Seats
Thursday, March 31, 2016 - 10:41am | 283Numerex Corp. (NASDAQ: NMRX), a provider of machine-to-machine enterprise solutions, announced on Thursday it has reached an agreement Viex Capital Advisors concerning its board of directors' structure. Viex Capital, an activist investment firm is also a major shareholder of Numerex. As part of the...
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Here's Why TeamHealth Holdings Surged 18%
Thursday, February 25, 2016 - 2:43pm | 223Shares of TeamHealth Holdings Inc (NYSE: TMH) surged higher by around 18 percent on Thursday after JANA Partners, an activist investment firm, disclosed an 8 percent stake in the company. JANA Partners stated that it believes TeamHealth has made "missteps in critical areas including...