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Why Elliott's Taubman Exit Could Hurt Land & Building's Cause
Monday, May 14, 2018 - 4:45pm | 417Read More...Activist investor Elliott Management has liquidated or is liquidating its stake in Taubman Centers, Inc. (NYSE: TCO), according to The Deal. The move could be a “major blow” to fellow activist Jonathan Litt’s Land & Buildings Investment Management and its proxy fight against...
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Activists Gonna Activate: Hedge Funds Send Letters To Acorda, Taubman Centers Boards
Monday, August 7, 2017 - 2:41pm | 896Read More...Last 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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What's At Stake For Shopping Mall REIT Taubman As Activist Clash Comes To A Climax
Tuesday, May 30, 2017 - 1:44pm | 587Read More...The fate of Taubman Centers, Inc. (NYSE: TCO) seems to rest on Thursday’s annual shareholder meeting. Since October, activist investor Jonathan Litt has campaigned with Charles Elson, director of the University of Delaware’s John L. Weinberg Center for Corporate Governance, to supplant...
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NorthStar 'Disappointed' After Activist Investor Pushes For A 'Potentially Disruptive' Proxy Context
Friday, January 29, 2016 - 4:04pm | 233Read More...Land and Buildings, an activist investment firm, delivered a letter to NorthStar Asset Management Group Inc (NYSE: NSAM)'s board of directors on January 22, 2016. Land and Buildings' Chief Investment Officer Jonathan Litt said in the letter that NorthStar Asset Management's stock is "materially...
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Here's Why Shares Of FelCor Lodging Trust Surged On Thursday
Thursday, January 28, 2016 - 2:57pm | 326Read More...Shares of FelCor Lodging Trust Incorporated (NYSE: FCH), a real estate investment trust entity that owns a portfolio of upper-upscale and luxury hotels and resorts, surged higher by more than 7 percent on Thursday after an activist investor detailed a plan that could unlock significant...
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NorthStar Asset Management Group Moves Higher After Activist Investor Details Why Shares Are 'Materially Undervalued'
Friday, January 22, 2016 - 2:23pm | 239Read More...Shares of NorthStar Asset Management Group Inc (NYSE: NSAM) were trading higher by more than 4 percent early Friday afternoon after Land and Buildings, an activist investment firm, delivered a letter to the company. Jonathan Litt, Land and Buildings Chief Investment Officer, said in his letter...
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MGM Proxy Battle? Latest Letter From Land & Buildings
Wednesday, April 1, 2015 - 4:55pm | 649Read More...Casinos own a lot of expensive real estate in order to entice customers to stay, gamble, eat and party, and recently many of them have either spun out these assets to take advantage of a REIT structure or are seriously considering the proposal. Activist investor and Land and Buildings...
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Activist Investor Explains Why Converting Into A REIT Is The Right Thing For MGM To Do
Wednesday, March 18, 2015 - 1:40pm | 424Read More...Shares of MGM Resorts International (NYSE: MGM) spiked on Tuesday's opening and continued to trade higher, closing the day up by over 10 percent. The reason behind this sudden spike was perhaps spurred most strongly by news that activist investors are proposing to convert the company into a...
