Hints and tips:
...David Batchelder, co-founder of Relational Investors, and Lisa Wardell, chief executive of Adtalem Global Education, will join the Lowe’s board beginning March 22, the company said....
...This week HP said that chairman Ralph Whitworth – an activist investor whose Relational Investors fund owned a 1.5 per cent stake – would be stepping down for health reasons....
...The activist bowing out, Ralph Whitworth of Relational Investors, stepped down as chairman of Hewlett-Packard last week over health issues. Mr Whitworth chose to work behind the scenes....
...Although Mr Whitworth has been the public face of Relational, investors are well acquainted with Mr Batchelder, who co-founded Relational with Mr Whitworth in 1996, and other members of the investment committee...
...Manitowoc said on Friday that it had retained Goldman Sachs as an adviser and has already spoken to Relational....
...Activist shareholders have claimed another victory in the US as Timken, the Ohio-based engineering company, agreed to split in two following pressure from Relational Investors, the fund manager....
...The stock is up nearly 40 per cent to $56, which Relational attributes to its campaign....
...Mr Whitworth, who runs Relational Investors, bought into PepsiCo last year and owns about 7.6m shares worth $600m. The motives of all three men remain unclear....
...The pension fund backed its man: Mr Whitworth, whose Relational Investors fund can count Calpers as one of its largest clients....
...In response Calpers terminated relationships with a number of unnamed funds, and said that four funds – Apollo, Relational Investors, Ares Management and CIM – had agreed to $215m in future fee reductions...
...Relational Investors, a hedge fund which has 3.25 per cent of Hess, said it backed Elliott’s plan....
...It has been a mixed year for Relational Investors, run by Ralph Whitworth....
...But Mr Whitworth, the head of Relational Investors, is pushing PepsiCo to shed the struggling US beverage business and focus on selling snacks and drinks in other parts of the world....
...In December 2005 Relational disclosed a small stake in the company and announced ideas for big changes....
...HP and Mr Whitworth negotiated an agreement that includes a two-year stint on the board and a promise by his Relational Investors not to engage in a proxy fight or acquire more than 9.9 per cent of HP’s...
...In June, Relational Investors, an activist investment fund run by Ralph Whitworth, revealed a 6 per cent stake in L-3 and said it had spoken to senior executives about the company’s underperforming stock...
...Four funds – Apollo Global, Relational Investors, Ares Management and CIM – will continue to work with Calpers and have agreed to $215m future fee reductions....
...Two key institutional shareholders, Relational Investors and the California State Teachers’ Retirement System, have said they would seek to replace at least four directors at Occidental’s 2011 annual meeting...
...Calstrs and Relational Investors, which own 1.24 per cent of shares outstanding, have been pressing for the changes for months....
...It recently settled a dispute with activist investor Carl Icahn and this year added Ralph Whitworth, founder of Relational Investors, to its board....
...Other large shareholders, including asset managers Neuberger Berman and Relational Investors, also opposed the deal....
...In February, Home Depot accepted a board member nominated by Ralph Whitworth’s Relational Investors to avoid a proxy fight....
...completed, the deal will end a period of turmoil at Ceridian, which has faced strong criticism by large shareholders including William Ackman of Pershing Square Capital Management and Ralph Whitworth of Relational...
...In return, Relational dropped a proxy battle to gain at least one board seat....
...Whitworth, whose firm Relational Investors this year waged a battle against Sovereign and took a seat on the board of the Pennsylvania-based bank, said he wants Home Depot to form a special committee of...
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