Edition:
United Kingdom

Svea Herbst-Bayliss

UPDATE 2-ISS recommends against Instructure's proposed sale to Thoma Bravo -note

27 Jan 2020

BOSTON, Jan 27 Four investment firms opposing the sale of U.S. educational software company Instructure Inc to private equity firm Thoma Bravo picked up support on Monday when an influential proxy advisory firm came out against the planned all-cash deal of roughly $2 billion. Institutional Shareholder Services Inc (ISS) recommended that Instructure shareholders vote against the company's planned sale to the private equity firm at a Feb. 13 meeting.

Valaris settles with Luminus, hands board seat to hedge fund

27 Jan 2020

BOSTON, Jan 27 Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.

Exclusive: Hedge fund billionaire Glenn Dubin retires from industry after 40 years

24 Jan 2020

NEW YORK Glenn Dubin, who made a fortune building and managing hedge funds, is retiring from the industry after 40 years to focus on private investments, the billionaire investor said.

Proxy solicitor Morrow Sodali hires Schulman from MacKenzie

22 Jan 2020

BOSTON/NEW YORK Proxy solicitor Morrow Sodali this week hired Paul Schulman from rival MacKenzie Partners, a prominent shakeup in the tight-knit world of vote-counting for corporate battles.

Proxy solicitor Morrow Sodali hires Schulman from MacKenzie

22 Jan 2020

BOSTON/NEW YORK, Jan 22 Proxy solicitor Morrow Sodali this week hired Paul Schulman from rival MacKenzie Partners, a prominent shakeup in the tight-knit world of vote-counting for corporate battles.

ValueAct CEO Jeff Ubben to step down: source

22 Jan 2020

ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, according to a source familiar with the matter.

Midwest utility Evergy stands by business plan as Elliott challenges

21 Jan 2020

BOSTON/NEW YORK U.S. midwestern utility Evergy Inc affirmed on Tuesday its faith in its business plan after activist hedge fund Elliott Management Corp urged the firm to improve its performance or consider a merger with another power company.

Exclusive: Hedge fund HG Vora wants Tegna to consider a sale or merger - sources

21 Jan 2020

BOSTON Another large investor in Tegna Inc wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, two people familiar with the matter said.

EXCLUSIVE-Hedge fund HG Vora wants Tegna to consider a sale or merger -sources

21 Jan 2020

BOSTON, Jan 21 Another large investor in Tegna Inc wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, two people familiar with the matter said.

Macro hedge fund manager Coffey to turn investors away after 2019 gains

17 Jan 2020

BOSTON, Jan 17 Prominent global macro hedge fund manager Greg Coffey will stop accepting fresh cash for his two-year old portfolio at the end of March to prevent any flood of new money from chipping away at his strong returns, an investor familiar with his plans said.

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