Hints and tips:
...News round-up AI advertising start-up valued at $4bn after fundraising (FT) Dole scraps sale of vegetables unit after DOJ threatens to sue (Dow Jones) Small investors power Trump Media’s market valuation...
...winning a tender offer to take control of the refiner, Icahn ousted its board and stopped paying the bills of the CVR advisers who had tried to thwart him, which prompted Goldman Sachs and Wachtell Lipton to sue...
...With the reinstatement of this provision, court judgments would be blocked on debt found to have been purchased with the “intent and purpose” to sue....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...OpenAI also announced three more new board members: Sue Desmond-Hellmann, former head of the Bill & Melinda Gates Foundation; Nicole Seligman, former president of Sony Entertainment; and Fidji Simo, chief...
...He has threatened to sue Axel Springer in typical Ackman fashion — posting a scene from the film Gladiator that threatened to “unleash hell”....
...New York-based RedBird, which was founded in 2014, acquired AC Milan from Elliott Management for $1.2bn last year....
...Elliott Management, the US hedge fund, is suing the London Metal Exchange for more than $456mn over its decision to suspend and cancel nickel trades in March in the latest fallout from an unprecedented price...
...US hedge fund Elliott Management is suing the London Metal Exchange for more than $456mn over its decision to cancel nickel trades in March after an unprecedented surge in the price of the metal....
...The move follows a $456mn claim made by US activist group Elliott Management, which was revealed by HKEX a day earlier....
...Earlier this year, an insurer run by Elliott Management abandoned a $4bn takeover effort for the insurer....
...The move follows a $456mn claim made by Elliott, which was announced by HKEX on Monday....
...Sarah Rajani has left Elliott Advisors in London, where she has led communications for the past seven years....
...One scoop to start: Elliott Management backed a multibillion-dollar debt package to fund its takeover of television ratings provider Nielsen, helping steer the $16bn acquisition through markets that have...
...“Directors here have a fiduciary duty only to the company, not the shareholders, so you can’t sue them even when they intentionally drive down the share price.”...
...One association representing some EDF employee shareholders is attempting to sue....
...With Arts and Crafts-style houses, allotments and a sports and leisure club, the community was in many ways ahead of its time, says Sue Elliott, a writer and historian who has lived there with her husband...
...GSK has been targeted by Elliott Advisors, which is pushing to overhaul the pharmaceuticals group’s leadership....
...Eijiro Imai, managing director of Farallon Capital’s Japanese arm, and Nabeel Bhanji, a senior portfolio manager at Elliott Management, will also become non-executive directors....
...News round-up Deutsche banker takes over asset manager in the eye of an ESG storm (FT) Xiaomi-linked companies halt IPOs after Chinese regulator scrutiny (FT) CFTC sues Gemini Trust over statements ahead...
...Cardinale’s RedBird Capital Partners, which owns a minority stake in the parent company of England’s Liverpool FC, is in talks with US hedge fund Elliott Management to buy the Serie A football club....
...Efforts to halt the ex-chief’s current pay also seem daunting, as he could sue for breach of contract. Lex explains further....
...One Twitter shareholder, a Florida pension fund, was bothered enough, however, to sue the board earlier this year....
...But Republican governors, including Ron DeSantis in Florida, are expected to sue the government later today to stop the requirement....
...Drop us a line and join the conversation: Due.Diligence@ft.com Seven years later, Vodafone and Elliott give up the fight For seven years, European telecoms operator Vodafone and activist hedge fund Elliott...
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