Activist investor Bill Ackman has built a 7.5% stake in Oreo-maker Mondelez International , in a move which could herald another mega-merger in the fast-consolidating food and drink sector. 336 more words
Tags » Activist Shareholders
Resistance, when it comes to activist investors, may indeed be futile.
Martin Lipton, the most prominent of the go-to lawyers companies hire when they come under attack from hedge funds, sent a memo to clients on Wednesday saying that he thinks more companies should think out about settling early, rather than taking up a fight with activists. 951 more words
Hedge fund Jana Partners said on Monday that Qualcomm’s chip business was “essentially worthless” at current valuations and pressed the company to spin it off from its patent-licensing business to “restore investor confidence.” 361 more words
EMC reached a temporary agreement with Elliott Management that will see two nominees of the investment firm that has called for the breakup of the storage and cloud technology company added to its board of directors. 504 more words
If you missed the big headlines, don’t fret! Here’s the news that powered Re/code this week:
- Two weeks ago, Apple announced its newest product line. 610 more words