NEW YORK (Reuters) -Carl Icahn on Thursday said he was trying to gain control of Southwest Gas Holdings' board and replace its chief executive, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders.
The Delaware Chancery Court this week ruled that an activist investor's attempt to seize control of biotechnology firm CytoDyn's board is invalid, marking a rare rebuke from a court that hears disputes over mergers and governance matters.
NEW YORK Investment firm Sachem Head Capital Management LP said on Thursday that it owns a stake in US Foods Holding Corp and plans to push for changes at the food service company.
NEW YORK (Reuters) -Activist investment firm Starboard Value on Wednesday said it owns a stake in Colfax Corp and said the industrial equipment maker is undervalued.
Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors Co and was supportive of its transition to battery electric vehicles, sending the shares of the No. 1 U.S. automaker up 3.2%.
Zoom Video Communications Inc's aborted $14.7 billion acquisition of call center software firm Five9 Inc has spotlighted issues that will weigh on the virtual meeting giant's next attempt to expand through dealmaking, analysts and investment bankers said.
NEW YORK/TOKYO (Reuters) -Hedge fund Elliott Management said it owns a "significant" stake in troubled Japanese industrial conglomerate Toshiba Corp, which is conducting a strategic review amid pressure from other investors that could include a sale of the company.
CyrusOne Inc, a U.S. data center operator with a market capitalization of about $9 billion, is exploring strategic alternatives that include a potential sale of the company, according to people familiar with the matter.
Sept 28 CyrusOne Inc, a U.S. data
center operator with a market capitalization of about $9
billion, is exploring strategic alternatives that include a
potential sale of the company, according to people familiar with
BOSTON Hedge fund manager William Ackman's 10% bet on Universal Music Group helped nearly double returns at his own portfolio to 15.3% this week after shares in the world's biggest music label surged in their first hours as a publicly traded company.