Edition:
International

Svea Herbst-Bayliss

Icahn seeks control of Southwest Gas, starts board battle

Oct 14 2021

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.

Delaware court rejects activist's attempt to control CytoDyn's board

Oct 14 2021

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.

Sachem Head owns US Foods stake, plans to push for changes

Oct 07 2021

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.

Starboard's Smith unveils Colfax stake, talks Huntsman, Elanco

Oct 06 2021

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.

Engine No. 1 backs GM's strategy around transition to EVs

Oct 04 2021

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%.

Analysis: Zoom's abandoned Five9 deal shows hurdles to expansion

Oct 04 2021

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.

Activist investor Elliott owns "significant" stake in Toshiba as review conducted

Sep 30 2021

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.

Exclusive: Data center operator CyrusOne explores possible sale - sources

Sep 28 2021

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.

EXCLUSIVE-Data center operator CyrusOne explores possible sale -sources

Sep 28 2021

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 the matter.

Ackman's Pershing Square fund surges as Universal soars in stock debut

Sep 22 2021

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.

World News

ASEAN excludes Myanmar junta leader from summit in rare move

BANDAR SERI BEGAWAN (Reuters) -Southeast Asian countries will invite a non-political representative from Myanmar to a regional summit this month, delivering an unprecedented snub to the military leader who led a coup against an elected civilian government in February.