Activist investor Starboard Value LP has a sizable stake in Splunk Inc. and plans to push the software maker to take action to boost its stock price, according to people familiar with the Read more
Tag: Shareholder Activism
Activist investor Macellum urges Kohl’s to replace chairman, other board members
An activist investor that has long targeted Kohl’s Corp. KSS, -2.26% is ratcheting up the pressure, calling on the department-store chain to make changes to its board or face another proxy fight. Read more
Opinion: Supreme Court’s next target could be the web’s most important law
After overturning the right to an abortion earlier this year, the Supreme Court’s next target could be the most important law the U.S. has managed to enact regarding the internet. Read more
Disney names new board member in deal with activist investor Third Point
The Walt Disney Co. announced a new board member Friday afternoon as part of a settlement with activist investor Third Point LLC. Disney DIS, -3.20% disclosed that Carolyn Everson, who Read more
Activist investor Jana Partners takes nearly 10% stake in Freshpet
An activist investor has a nearly 10% stake in Freshpet Inc. and plans to push the pet-food company to make changes to boost its stock price and explore a sale, according to people Read more
This is how fund managers work behind the scenes to influence companies’ environmental and social policies
When Engine No. 1 scored a coup by winning a proxy vote and getting three environmentally minded members elected to Exxon Mobil’s board of directors in 2021, it sent shockwaves Read more
Pinterest stock jumps 20% after Elliott confirms stake; earnings miss but users stick around
Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around, and Read more
Activist investor Elliott Management takes stake in PayPal
Activist investor Elliott Management Corp. has a stake in PayPal Holdings Inc., according to people familiar with the matter. The size of Elliott’s stake and its intentions couldn’t be learned. PayPal has Read more
Activist investor Elliott takes big stake in Pinterest amid turmoil
Activist investor Elliott Management Corp. has taken a big stake in Pinterest Inc., according to people familiar with the matter, as the once-hot social-media company grapples with a decline in users Read more
SEC set to repeal Trump-era restrictions on proxy advice companies
The Securities and Exchange Commission will vote on a proposal Wednesday to rescind rules that had required proxy advisory firms to inform companies of how they are advising shareholders to Read more