Hints and tips:
...The disclosure of previous stock sales by directors had been a catalyst for Blackwells Capital to launch an activist campaign early this year, which led to Foley stepping down....
...Musk has brought on Igor Babuschkin, a former DeepMind employee, and roughly half a dozen other engineers. The Information previously reported Babuschkin’s early talks with Musk....
...Blackwells Capital, which has a stake of almost 5 per cent, plans to set out its argument in a presentation on Wednesday....
...The name of its registered owner in the Marshall Islands: Social Club Inc....
...Igor Tulchinsky is founder, chair and CEO of WorldQuant, a global quantitative asset management firm....
...A buyer could “easily” pay $65 to $75 per share for the company, Blackwells argued....
...“They tend to hang back and wait until there is a confluence of technology, and they can offer one of the finest representations of that technology,” said Igor Jablokov, chief executive of AI enterprise...
...Before he stepped aside as chief executive, Foley’s management of the company drew criticism from Blackwells, an activist investor, which accused him of “unbridled optimism” that led to uncontrolled costs...
...Under Elliott’s ownership, Waterstones has since bought other major rivals Foyles and Blackwell’s, giving him even more influence....
...One activist investor, Blackwells Capital, has urged Peloton to find a buyer and is agitating for it to scrap the dual-class voting structure....
...The company’s stock has rallied since, partly due to news that Nike, Amazon and other groups were evaluating potential bids and as activist investor Blackwells Capital pushes for a sale....
...That is the message to Peloton from Blackwells Capital....
...However, he has still to convince holders of that stock such as Blackwells, which declined to comment on Tuesday....
...Peloton did not immediately respond to the criticism from Blackwells....
...For starters, according to Blackwells, someone who’s more open to some strategic M&A....
...It was Barclays’ Russian subsidiary until its current owner, Igor Kim, bought it from the UK lender in 2011, then acquired banks from RBS in 2015 and Turkey’s Yapı Kredi in 2017....
...Anyone would be a better fit, Blackwells reckoned, than being left in the hands of John Foley, Peloton’s co-founder....
...Investors such as hedge fund Blackwells Capital, which is waging a war against Peloton, want an end to asymmetric votes. That would unleash buyer interest....
...Activist investor Blackwells Capital, which has a stake of almost 5 per cent, has accused McCarthy of failing to reform the connected-fitness company’s governance....
...Jason Aintabi, Blackwells’ chief investment officer, responded to the board reshuffle by saying that it did not address Peloton investors’ concerns....
...Activist investor Blackwells Capital, which has a stake of nearly 5 per cent, thinks Peloton is worth at least $65 a share. That is optimistic....
...Blackwells Capital, which owns less than 5 per cent of Peloton, has accused Foley of mismanagement, including misleading investors and hiring his wife in an executive role, a decision that the hedge fund...
...Robert, he claimed, practised for his wife’s murder by killing his seven Alaskan Malamutes — each named Igor....
...Largely unmentioned were Russian oil leaders, such as the now-sanctioned Rosneft boss Igor Sechin, who once graced the podium....
...Yet, 12 days later, they did exactly that, diluting owners such as Blackwells with a $1.1bn stock offering. Aintabi felt misled and began plotting to unseat Foley....
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