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.
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.
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.
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.
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.
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.
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.
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.
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.