Edition:
United Kingdom

Svea Herbst-Bayliss

Third Point to eye corporate governance more closely as it makes new bets

17 Apr 2019

NEW YORK Hedge fund Third Point LLC, which sometimes pushes companies to perform better, said it is beginning to look more closely at corporate governance issues, including executive pay, as it evaluates future investments.

Corvex's Meister likes Diamondback Energy after it bought Energen

16 Apr 2019

NEW YORK Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.

UPDATE 1-Corvex's Meister likes Diamondback Energy after it bought Energen

16 Apr 2019

NEW YORK, April 16 Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.

Starboard takes new position in KAR Auction Services

16 Apr 2019

NEW YORK Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.

Proxy firms back Allergan in fight against Appaloosa

15 Apr 2019

Two leading shareholder advisory firms threw their support behind Allergan Plc's management by recommending that investors vote against billionaire investor David Tepper's proposal that the Botox maker immediately split the roles of chief executive officer and chairman.

Methanex settles with M&G Investments, offers board seats

12 Apr 2019

NEW YORK Methanex Corp, the world's largest methanol producer, said on Friday that it had reached a settlement with M&G Investments in which the Canadian company handed two board seats to its biggest investor.

Bristol-Myers says shareholders vote to approve Celgene takeover

12 Apr 2019

NEW YORK Bristol-Myers Squibb Co's shareholders voted to approve the drugmaker's $74 billion acquisition of biotech Celgene Corp on Friday despite a campaign by activist hedge fund Starboard Value LP to scuttle the deal.

PG&E in talks with BlueMountain to possibly expand board: sources

11 Apr 2019

NEW YORK California utility owner PG&E Corp is exploring expanding its board as it navigates bankruptcy proceedings in an effort to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, people familiar with the matter said on Wednesday.

Neuberger nominates directors at Verint Systems as it seeks clarity on strategy

09 Apr 2019

NEW YORK, April 9 Asset manager Neuberger Berman Group said it had nominated three directors to the board at Verint Systems Inc to try and push the U.S. software company to clarify its strategy and corporate structure plans.

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