United States

Svea Herbst-Bayliss

AT&T, Elliott in talks after activist campaign launched: sources

Oct 17 2019

NEW YORK AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday.

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

Oct 15 2019

Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth of shareholder value.

Pension and hedge funds push U.S. SEC to reconsider proxy adviser guidance

Oct 15 2019

NEW YORK, Oct 15 Some of the world's biggest pension funds and a prominent hedge fund are urging the U.S. Securities and Exchange Commission (SEC) to reconsider recent guidance they say will raise costs, hurt investors and cut participation in corporate voting.

U.S. pension funds took positions in blacklisted Chinese surveillance company

Oct 15 2019

BOSTON Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China.

UPDATE 2-Amag settles with activist Caligan, adds two board directors

Oct 08 2019

Oct 8 Amag Pharmaceuticals Inc, whose shares have tumbled more than 45% in the past year, on Tuesday agreed to add two directors proposed by Caligan Partners after the hedge fund pressured the drugmaker to conduct a strategic business review.

Proxy solicitor Okapi hires Harnett from Strategic Governance Advisors

Oct 04 2019

NEW YORK Okapi Partners, a proxy solicitor that has long worked for activist hedge funds Elliott Management and Starboard Value, is hiring a senior executive from an advisory firm to help expand its business with corporate clients, three people familiar with the matter said this week.

New Glass Lewis chief to expand abroad amid U.S. regulatory clamp-down

Oct 04 2019

Glass Lewis & Co is planning to grow its business abroad in the face of newly introduced curbs by the U.S. Securities and Exchange Commission (SEC), the proxy advisory firm's new executive chairman Kevin Cameron told Reuters in an interview.

MOVES-FTI Consulting hires ISS executive for governance and activism team

Oct 02 2019

BOSTON, Oct 2 FTI Consulting Inc hired a corporate governance analyst from proxy advisor Institutional Shareholder Services (ISS) for its unit that advises clients on hot button issues from climate change to executive pay, the company said on Wednesday.

Private equity can still find 'diamonds in the rough': Apollo exec

Sep 19 2019

NEW YORK Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets.

Trian and P&G highlight activist-corporate collaboration after 'fog of war'

Sep 19 2019

NEW YORK Eighteen months after officially burying the hatchet in one of America's most bitter proxy contests, Procter & Gamble Co CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and corporations can end up working collaboratively.

World News