The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market. Bloomberg | Bloomberg | Getty Images Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be … Read more
Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., rings the opening bell to celebrate his company’s IPO at the New York Stock Exchange in New York City, June 23, 2016. Brendan McDermid | Reuters Twilio announced alongside its fiscal fourth quarter earnings on Wednesday it would begin an operational review … Read more
Ethanol plant, Milton, Wisconsin. Getty Images Ethanol producer and agri-tech company Green Plains said on Wednesday it would initiate a strategic review, a year after activist investor Ancora sent a letter to its board encouraging it to do just that. Shares jumped more than 15% in midday trading following the news, which was announced alongside … Read more
A customer exits a Lawson Inc. convenience store in Tokyo, Japan, on Tuesday, Oct. 6, 2020. Bloomberg | Bloomberg | Getty Images Shares of Japan’s third-largest convenience store chain Lawson surged 18% it received an offer to go private. The offer would see conglomerate Mitsubishi and mobile carrier KDDI jointly manage the convenience store chain, … Read more
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing … Read more
Tristan Fewings/Getty Images LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian Dunkerton is considering taking it private. The stock peaked at 48.55 pence per share shortly before 11 a.m. London time and was last trading at around 46p per share. A … Read more
Etsy Sellers Market in Times Square celebrating Etsy’s celebration going IPO at Nasdaq on April 16, 2015 in New York City. Paul Zimmerman | Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company’s board. The activist investor … Read more
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC Wednesday he has the money to finance a … Read more
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving “in the … Read more
