Activist investors enjoy strong rebound in ’23, gird for more proxy fights
By Svea Herbst-Bayliss (Reuters) – Activist investors roared back to double digit returns in 2023 after a year of losses, with a stronger equity market and savvy stock picking fueling their rebound,…
Glass Lewis recommends Aerojet investors back CEO in proxy contest
By Svea Herbst-Bayliss BOSTON -Glass Lewis on Tuesday backed Aerojet Rocketdyne Holdings Inc CEO’s eight-person board of directors slate, becoming the second proxy advisory firm to recommend against the U.S. rocket maker’s…
ISS recommends Aerojet investors back CEO in bitter proxy contest
By Svea Herbst-Bayliss BOSTON -Prominent proxy advisory firm Institutional Shareholder Services (ISS) on Friday backed Aerojet Rocketdyne Holdings Inc CEO’s eight-person board of directors slate, dealing a blow to the U.S. rocket…
Proxy adviser ISS backs all Exxon Mobil director candidates
BOSTON – Top proxy adviser Institutional Shareholder Services has recommended investors vote for all director candidates at oil major Exxon Mobil Corp. In a report sent by a representative late Monday ISS…
Proxy advisor recommends voting against Halliburton’s pay plan – company
By Liz Hampton (Reuters) – A top proxy advisor recommended Halliburton’s shareholders should vote against its executive compensation plan, the oilfield services provider said on Monday in a filing. Institutional Shareholder Services…
ISS backs three dissident director candidates in proxy fight at US Foods
By Svea Herbst-Bayliss NEW YORK -Proxy adviser Institutional Shareholder Services (ISS) on Monday said US Foods Holdings shareholders should vote for three of Sachem Head Capital Management’s five nominees, arguing the company…
Tesla proxy to take more than four months after fiscal year end
(Reuters) – Electric-vehicle maker Tesla Inc said on Monday its proxy statement for 2022 would be filed more than 120 days after the end of its fiscal year. (Reporting by Akash Sriram…
TPG Growth acquires majority stake in proxy firm Morrow Sodali
By Krystal Hu (Reuters) – TPG Growth, the middle market-focused arm of U.S. private equity firm TPG, has bought a majority stake in proxy firm Morrow Sodali, the companies said, without detailing…
Proxy advisory firms urge Ventas investors to reject activist’s bid for board seat
BOSTON – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates and reject activist investment firm Land &…
Proxy firms back Bombardier stock consolidation plan, split on two board members
MONTREAL – Proxy firm ISS joined Glass Lewis to back a Bombardier Inc proposal to reduce the number of its common shares, in a move the company said could help increase its…
Ryan Cohen hires Icahn proxy solicitor Harkins Kovler for possible Bed Bath fight
By Svea Herbst-Bayliss BOSTON – Ryan Cohen’s RC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond, has hired a proxy solicitor, signalling the firm is ramping up for a…
Curtiss-Wright settles proxy fight with investment firm Saddle Point
By Svea Herbst-Bayliss BOSTON – Curtiss-Wright Corp on Wednesday settled a week-old proxy fight with Saddle Point Management LP after the investment firm argued that the defense company lacked strategic focus and…
Icahn takes pig-welfare push global amid McDonald’s proxy fight
By Tom Polansek CHICAGO – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, who has…
Jana Partners launches proxy fight at Zendesk, nominates four to board
By Svea Herbst-Bayliss BOSTON – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of…
Supreme Court Denies McCarthy’s Bid To Eliminate Proxy Voting
The Supreme Court on Monday declined to hear an appeal from House Minority Leader Kevin McCarthy seeking to scrap proxy voting in the chamber. House Democrats adopted the rules nearly two years…
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