Edition:
United States

Svea Herbst-Bayliss

Proxy adviser ISS backs three of nine Cannae/Senator nominees at CoreLogic

Oct 30 2020

BOSTON Proxy adviser Institutional Shareholder Services said on Friday that CoreLogic Inc shareholders should elect three of investor group Cannae Holdings and Senator Investment Group's nominees as more bidders try to buy the company.

Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who wins

Oct 30 2020

NEW YORK Some investors are betting the technology and communications stocks that drove a massive rebound in U.S. markets this year will face a tougher slog in coming months, no matter whether Republican President Donald Trump or Democratic challenger Joe Biden wins Tuesday's election.

Greenlight's Einhorn says tech stocks in bubble, hit top in September

Oct 27 2020

BOSTON Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.

Starboard's Smith calls ACI Worldwide 'attractive' takeover target

Oct 22 2020

BOSTON Activist investor Starboard Value, which now owns 9% of ACI Worldwide Inc, views the payment systems company as an "attractive" takeover candidate, the hedge fund's chief Jeffrey Smith said at a conference on Thursday.

CoreLogic investors T.Rowe, Harris exit amid takeover battle

Oct 22 2020

BOSTON Two of CoreLogic's largest shareholders liquidated holdings in the U.S. property data analytics company as a takeover battle intensified, fund updates from T. Rowe Price and Harris Associates showed.

Starboard says it now owns 9% of ACI Worldwide, stock gains

Oct 19 2020

BOSTON Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9%, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3% in afterhours trading.

Analysis: Unloved value stocks seen as cautious bet as election nears

Oct 16 2020

NEW YORK/BOSTON A sustained shift to value stocks has eluded investors for years. Indeed, a casualty this week was the $10-billion AJO quantitative value fund that announced it was shutting, citing the longest "drought" on record in value.

King & Spalding M&A head Woolery departs: sources

Oct 13 2020

Jim Woolery, the head of M&A and corporate governance at King & Spalding LLP, has left the law firm and is exploring launching his own advisory practice, people familiar with the matter said on Tuesday.

Investor PrimeStone urges LivaNova to shake up business, says share price could double

Oct 12 2020

BOSTON Investment firm PrimeStone is pressing medical device maker LivaNova PLC to consider strategic options including selling parts of its business, refreshing its board and hiring a new finance chief, saying such steps could double its share price.

Billionaire U.S. investor Dan Och seeks $750 million for SPAC

Oct 09 2020

BOSTON Billionaire investor Daniel Och, who founded hedge fund Och-Ziff Capital Management, said in a filing on Friday that he plans to raise $750 million through a blank check acquisition vehicle, becoming the latest major hedge fund investor to launch one.

World News