Hints and tips:
...Beyond Elliott, other activist funds including ValueAct and Oasis have also engaged in successful campaigns, bolstered by the broader pressures on companies....
...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...
...power company....
...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....
...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...
...under former chief executive and co-founder Jack Dorsey....
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...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....
...Banks underwriting $3.7bn of loans and bonds to fund the buyout of healthcare company Syneos Health by Elliott Management, Veritas Capital and Patient Square Capital, also received strong demand....
...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....
...The activist stakes will raise pressure on Salesforce and its co-chief executive and co-founder Marc Benioff....
...Salesforce co-founder and chief executive Marc Benioff said the company was moving quickly to “reassess” its strategy and focus on profits as it faces growing pressure from activist investors....
...Amid the corporate governance turmoil late last year, AEL faced another unsolicited bid from Prosperity Life, a life insurer owned by Elliott Management....
...DNP dominates both of these niche markets and Elliott appears convinced that the company is worth more than its $6.3bn market capitalisation....
...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....
...The Swedish company’s signature snus, aka oral tobacco pouches, are the fastest-growing alternative nicotine category and key to PMI’s pledge to “unsmoke the world”....
...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....
...That deal helped unify its corporate structure under Paris-listed parent group Rothschild & Co as well as boost the company to its current valuation....
...US law firm Wilson Sonsini has hired Olshan partner Sebastian Alsheimer, who has worked for activists including Elliott Management and Starboard Value, as a partner and co-head of shareholder activism, per...
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