Activist Trian has a few levers to pull to build shareholder value at Solventum

Activist Trian has a few levers to pull to build shareholder value at Solventum

People walk past the New York Stock Exchange Wednesday, April 3, 2024 in New York. Peter Morgan | AP Company: Solventum (SOLV) Business: Solventum, formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1. It has four main segments. First, there is Medical Surgical, a … Read more

Activist Starboard took a stake in Match. How the investor may help build value

Activist Starboard took a stake in Match. How the investor may help build value

The Match dating application is displayed on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Company: Match Group (MTCH) Business: Match Group provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, The League, Meetic, OkCupid, Hinge and PlentyOfFish. Match’s services are available in over 40 languages to users all over … Read more

Cevian has a stake in Smith & Nephew. How it may help improve margins

Cevian has a stake in Smith & Nephew. How it may help improve margins

A logo sign outside of a facility occupied by Smith & Nephew in Austin, Texas. SIPPL Sipa USA | AP Company: Smith & Nephew (SN.-GB) Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. The company develops, manufactures, markets and sells medical devices and services. Its segments include Orthopedics, Sports … Read more

Young, wealthy investors are turning to alternative investments

Young, wealthy investors are turning to alternative investments

pixelfit | E+ | Getty Images Young, wealthy investors don’t want their parents’ investments. If you’re between the ages of 21 and 43 and have at least $3 million in investable assets, your preferred investments likely aren’t your traditional mix of stocks and bonds, according to new research from Bank of America. Nearly one-third of … Read more

Starboard loses first legal fight against Autodesk. The battle is just starting

Starboard loses first legal fight against Autodesk. The battle is just starting

Igor Golovniov | Lightrocket | Getty Images Company: Autodesk (ADSK) Business: Autodesk engages in three-dimensional (3D) design, engineering and entertainment technology solutions. Its product offerings are focused on the following categories: Architecture, Engineering and Construction, AutoCAD and AutoCAD LT, Manufacturing, and Media and Entertainment. Its products include AutoCAD Civil 3D, Building Connected, Autodesk Build, Revit, … Read more

Steve Cohen is set to make a big push into investing in AI

Steve Cohen is set to make a big push into investing in AI

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm’s plans. The new long/short equity fund, to be launched later this year or early … Read more

How Peltz’s Trian may help enhance shareholder value at Rentokil

How Peltz’s Trian may help enhance shareholder value at Rentokil

A Rentokil employee preparing equipment.  Newscast | Universal Images Group | Getty Images Company: Rentokil Initial (RTO) Business: Rentokil Initial is a United Kingdom-based company that operates globally. It’s engaged in pest control, hygiene and well-being services. Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other … Read more

Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’

Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’

Jim Chanos Scott Mlyn | CNBC Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.” Chanos gave the statement to CNBC’s Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, … Read more

Corvex could take an amicable approach to help create value at Vestis

Corvex could take an amicable approach to help create value at Vestis

Vestis Corp banner hangs at the NYSE. NYSE Company: Vestis Corp (VSTS) Business: Vestis is a provider of uniform rentals and workplace supplies across the United States and Canada. In addition to uniforms, the company provides mats, towels, linens and restroom supplies. Vestis’ customer base participates in a variety of industries, and it serves customers … Read more

Elliott settles for a new director at Sensata. These steps may help boost shares

Elliott settles for a new director at Sensata. These steps may help boost shares

Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Company: Sensata Technologies (ST) Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. The company has two units: Performance Sensing and Sensing Solutions. The Performance Sensing segment serves the automotive and heavy vehicle and … Read more