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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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B-Dubs' Boardroom Brouhaha: What To Do With The Stock Now?
Monday, June 5, 2017 - 11:54am | 459Read More...Buffalo Wild Wings (NASDAQ: BWLD) CEO Sally Smith has announced her retirement following the company’s unsuccessful proxy battle with hostile activist investor Marcato Capital, which saw the firm take three board seats. Analyst's Take Of Management Shakeup With Smith set to retire by the end...
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The Buffalo Wild Wings-Marcato Proxy War, Explained
Wednesday, May 24, 2017 - 9:02am | 408Read More...Marcato Capital Management has taken its months-long activist campaign against Buffalo Wild Wings (NASDAQ: BWLD) public and a proxy battle could be finalized at or before the company's Annual Meeting on June 2. Here is a timeline of the public and vocal dispute between the two entities....
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Buffalo Wild Wings On Thin Ice With Some Investors After An Ugly Finish To 2016
Wednesday, February 8, 2017 - 11:48am | 347Read More...After Buffalo Wild Wings (NASDAQ: BWLD) issued “disappointing” fourth-quarter results and below-estimate guidance for 2017, Baird Equity Research said its “patience on BWLD is running thin.” Significant deceleration of comps in December yielded a quarterly EPS 28 percent...
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Report: Activist Demands Sothebys Boot CFO, Buy Back Shares
Friday, February 20, 2015 - 2:57pm | 206Read More...Sothebys (NYSE: BID) spiked on a report that a 9.5 percent stakeholder is pushing for a stock buyback and the replacement of the company's chief financial officer. The art auction house changed hands recently at $44.48, up 1 percent. Earlier, it traded as high as $44.88. CNBC reported...
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Why Shares Of Lear Corporation Were Trading Higher On Tuesday
Tuesday, February 3, 2015 - 12:12pm | 95Read More...Shares of Lear Corporation (NYSE: LEA) were trading higher by nearly 5 percent Tuesday morning after activist investment firm Marcato Capital is reportedly pushing the company to split. CNBC's Kate Kelly tweeted that Marcato Capital wants the company to separate its electrical and seating business...
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Dow, S&P 500 Close At Record Highs In Another Quiet Trading Session
Thursday, November 20, 2014 - 5:52pm | 1021Read More...U.S. stocks brushed off early morning losses and ended the day slightly positive. U.S. economic data showed existing home sales and leading indicators both being higher than expected for October, while U.S. preliminary PMI fell from October's reading as analysts were expecting a rise. On...
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Dillard's Soars On REIT Speculation
Thursday, November 20, 2014 - 2:38pm | 202Read More...Dillard's, Inc. (NYSE: DDS) stock soared Thursday after Marcato Capital Management LP released a presentation on ways to increase shareholder value. The presentation suggested the company spin-off real estate assets into a REIT. According to the press release, Marcato Managing Partner...
