Sandell Asset Management

Barnes & Noble, Inc (NYSE: BKS) announced Wednesday afternoon it has appointed a Special Committee to review strategic alternatives. The company said it's received interest from "multiple parties," including company chairman Leonard Riggio, who has pledged to vote his shares...

Barnes & Noble, Inc. (NYSE: BKS) spiked 16 percent Thursday on talk of a $9-per-share take-private bid by Sandell Asset Management. The price represents a steep decrease from Sandell’s earlier suggested sale price of $12 per share. The prospective buyer first urged a sale in July when it...

In a messy game of telephone, Street Insider said that Bloomberg said that Dealreporter said that Barnes & Noble, Inc. (NYSE: BKS) denied reports it was involved in talks to sell. Dealreporter sources allegedly said Barnes & Noble had been working with financial adviser Guggenheim...

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...

Shares of Barnes & Noble, Inc. (NYSE: BKS) gained more than 12 percent early Tuesday morning after activist investor Sandell Asset Management delivered a letter to the country's biggest specialty book retailer of which it is now a top 10 shareholder. Many investors have been working under...

Monday 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...

Activists are getting increasingly activist, according to an Activistmonitor report. Data compiled by this platform, which comprises “predictive intelligence and behavioral data on shareholder activism,” showed that the top 20 shareholder activists* in North America have been increasing...

U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data released on Wednesday was mixed, at best. Construction spending fell during August while ISM manufacturing came in weaker than expected. Bulls are hoping that...

U.S. stocks rose, lifting the Dow to new historical all-time highs of 17,153.80 following a better than expected rise in orders of durable goods. Consumer confidence improved in August, helping market sentiments while investors and traders placed less emphasis on a report that home prices are...