Hints and tips:
...These include the 2022 appointment of Elliott’s Nabeel Bhanji to the board of Toshiba....
...Miller, a co-founder of Crown Castle, said the “co-operation agreement” that Crown Castle signed with Elliott, which gave the fund a board seat, was a ploy by the incumbent directors of the telecoms group...
...The utility group said on Monday that Mauricio Gutierrez had left his role, while it had appointed four new directors as part of a “co-operation agreement” with Elliott, the aggressive hedge fund led by...
...Paul Hastings has hired Alexander Temel as global co-chair of the firm’s private equity practice. He previously worked for Sidley Austin....
...The state-run National Pension Service, which held an 11 per cent stake in Samsung C&T, voted in favour of the merger despite strong opposition from US activist hedge fund Elliott Management, which was a...
...René Benko, its charismatic billionaire founder, was forced off the board this month by his minority co-investors while the company undergoes an urgent restructuring....
...European private equity firm Cinven has appointed Bruno Schick, Jorge Quemada and Supraj Rajagopalan as co-managing partners....
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...under former chief executive and co-founder Jack Dorsey....
...announcement represents a rare retreat for the activist investor while relieving pressure on Salesforce co-founder and chief executive officer Marc Benioff, who was forced to reassess the company’s strategy...
...HM: I’d like to ask about one of your investors, Elliott Investment Management, with which you’ve had a long-term co-operation agreement since 2022, including a seat on the board....
...Last winter, AEL rejected a $45-per-share offer backed by Elliott Management. Holding out for Brookfield’s price — $55 per share — now looks wise. A full $39 per share of the buyout price is in cash....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...Amid the corporate governance turmoil late last year, AEL faced another unsolicited bid from Prosperity Life, a life insurer owned by Elliott Management....
...The activist stakes will raise pressure on Salesforce and its co-chief executive and co-founder Marc Benioff....
...It is not known how many people Elliott plans to nominate or who they are....
...The new group will be co-led by managing directors Christopher Britton and Amy Cozamanis, with six specialists based in Austin and Los Angeles....
...Marc Benioff has built Salesforce into one of Silicon Valley’s most successful ventures but the personal style of the arch salesman, who co-founded the software company, has long grated on his Wall Street...
...Earlier this year, an insurer run by Elliott Management abandoned a $4bn takeover effort for the insurer....
...Now with the Elliott bid out in the open, AEL and its $70bn of assets are in the crosshairs as a clutch of Wall Street investment titans circle the company....
...Elliott Management said this week it had built a multibillion-dollar stake in the company, joining Starboard Value, the activist fund run by Jeff Smith, which disclosed a position in October....
...Morgan Stanley has promoted Ben Grindley and Anthony Zammit to co-heads of UK and Ireland investment banking, per Financial News....
...Morgan Stanley veteran Jeff Hogan has joined Wells Fargo as co-head of global mergers and acquisitions....
...Bank of America, Credit Suisse, Goldman Sachs, Elliott and Vista declined to comment....
...However, the media-shy co-founder of Brevan Howard enjoyed a far better 2022, with his fund finishing the year up around 51 per cent....
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