Hints and tips:
...A person close to TRG insisted Oasis’s views on management failings were “isolated” and not shared by other shareholders....
...Beyond Elliott, other activist funds including ValueAct and Oasis have also engaged in successful campaigns, bolstered by the broader pressures on companies....
...Shares in the group are down about two-thirds on their pre-pandemic peak, valuing the sandwich maker at £500mn at market close on Thursday....
...If Elliott’s campaign is successful, it could bolster other shareholder campaigns in a market that has already drawn the likes of Dan Loeb’s Third Point and Oasis Management....
...Oasis, which mainly focuses on companies listed in Japan and South Korea, first bought a 2 per cent stake in TRG in late 2020 before exiting its holding....
...He oversaw its sale to TRG in 2018, before taking a non-executive position on TRG’s board after the deal. TRG’s share price was 66.5p at market close on Wednesday, above the initial offer price....
...Shares in TRG rose more than 37 per cent in morning trading on Thursday....
...TRG, which owns 423 venues across the UK including the Chiquito and Frankie & Benny’s chains, said in an update to investors on Thursday that it had rejected Oasis’s request for a board seat and calls for...
...But Kilic, who previously undertook an activist campaign alongside Oasis focused on manufacturer Premier Foods, said he feared there could be “deadlock” between activists and management unless an asset sale...
...In 2017, the Hong Kong-based hedge fund was invited on to the board of Premier Foods after becoming its second-biggest investor....
...Apollo’s bid has received the backing of TRG’s biggest shareholders including activist funds Oasis Management and Irenic Capital who had been pushing for a shake-up or sale of TRG’s restaurant assets....
...The sector’s collapse has dragged on China’s economy, which is teetering on the brink of deflation....
...TRG’s share price had risen 30 per cent since mid-February when Oasis went public with its views, before sliding on Wednesday....
...Bell was previously owner of Moles, a small venue in Bath, in the west of England, that hosted bands such as Radiohead and Oasis when they were on the way up. It closed in December....
...In a filing in New York, Oasis Capital Management claimed it had received no repayment and is owed $102mn in principal and interest, citing four Kaisa bonds worth $90mn....
...in August, and Amur Investments Ltd, registered in Abu Dhabi in September....
...Bankman-Fried’s FTX — and sister trading firm Alameda Research — were until this week considered a rare oasis of stability in an otherwise teetering crypto market....
...Oasis said it was “in active dialogue with all parties for a mutually beneficial resolution”....
...Outside his sanctuary in Palo Alto, most of the world has concluded that he is an adult and that he is at fault, leaving only the tiny oasis of his parents’ home where the opposite might still be true....
...In Hong Kong, investment fund Oasis Management launched Board Diversity HK, a volunteer initiative aimed at expanding the number of female executives....
...Its propitious timing coincided with London’s emergence as a revitalised epicentre, led by Britpop bands Oasis and Blur, the YBAs including Damien Hirst and Tracey Emin, and designers Alexander McQueen and...
...In August 2019, it snapped up Karen Millen and Coast and it bought Oasis and Warehouse last June....
...Once familiar brands, including Laura Ashley, Oasis and Warehouse, have all but disappeared from the high street....
...Others include Authentic Brands, the US owner of Forever 21, Barneys and Nautica; along with Boohoo, the online fast-fashion group that has already snapped up Karen Millen, Coast and Oasis out of administration...
...Topshop sales on asos.com grew 41 per cent last year — compared with just 5 per cent on Topshop’s own website....
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