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Can Yahoo Avoid Proxy War? Co. Said To Meet Starboard Next Week
Thursday, March 3, 2016 - 12:28pm | 501Read More...Yahoo! Inc. (NASDAQ: YHOO) is said to meet activist hedge fund Starboard Value next week as part of its efforts to avoid a proxy battle, according to a New York Post report. Starboard CEO Jeff Smith is demanding a sale of the company and gearing up for a proxy battle. In a letter to Yahoo board...
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25 Headlines Moving The Markets This Week
Monday, February 29, 2016 - 1:36pm | 892Read More...In a new report, Deutsche Bank analyst Christopher Mcdonagh named 25 headlines that could serve as market catalysts this week. Here’s a rundown of his full list. 1. Lattice Semiconductor (NASDAQ: LSCC) could be considering a sale after reported interest from a Chinese buyer. 2. Metlife Inc (...
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Report: Yahoo May 'Cede' Board Seats To Starboard Value
Monday, February 29, 2016 - 10:25am | 290Read More...Bloomberg reported earlier in the month that Starboard Value, an activist hedge fund and Yahoo! Inc. (NASDAQ: YHOO) shareholder is "taking initial steps" in declaring a proxy fight with the company. According to a new report from the New York Times, a proxy battle may prove to be...
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Report: Yahoo Will Reach Out To Potential Buyers As Soon As Monday
Monday, February 22, 2016 - 9:13am | 181Read More...Bloomberg reported on Sunday that Yahoo! Inc. (NASDAQ: YHOO) is planning on reaching out to potential buyers for its internet assets as soon as Monday. Bloomberg, citing "people familiar with the process," stated that Yahoo will reach out to potential corporate buyers including Verizon...
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Yahoo Hiring Advisers To Defend Itself Against 'Cage-Rattling' Investors, Report Says
Monday, February 22, 2016 - 8:54am | 204Read More...According to the New York Post, Yahoo! Inc. (NASDAQ: YHOO) is preparing for a potential proxy battle against activist investors, including Starboard Value, by hiring advisers who specialize in defense against "cage-rattling shareholders." Related Link: Activist Investor Taking 'Initial Steps'...
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Activist Investor Taking 'Initial Steps' Towards Proxy Fight With Yahoo
Thursday, February 18, 2016 - 9:34am | 209Read More...Shares of Yahoo! Inc. (NASDAQ: YHOO) were trading higher by more than 2 percent early Thursday morning after Bloomberg reported that activist investor and influential shareholder Starboard Value is "taking initial steps" in declaring a potential proxy fight with the company. Bloomberg...
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Marvell Technology's Stock Gains As Activist Investor Acquires A 6.7% Stake
Wednesday, February 3, 2016 - 12:28pm | 190Read More...Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) rose on Wednesday after Starboard Value, an activist investment firm, disclosed a 6.7 percent stake in the company. According to the regulatory filing, Starboard Value hired Richard Hill, a former Chairman and Chief Executive Officer of...
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Report: Marissa Mayer Isn't Going Anywhere
Monday, February 1, 2016 - 12:13pm | 318Read More...Yahoo! Inc. (NASDAQ: YHOO) CEO Marissa Mayer has no plans on relinquishing her title anytime soon, at least according to a report by the New York Post. According to the report, Yahoo's "embattled" CEO has earned the nickname "Evita" after the musical about Argentina'...
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Activist: Macy's Real Estate Worth $21 Billion, Operating Business Trading At 'Negative Value'
Monday, January 11, 2016 - 11:47am | 293Read More...Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy's shareholder delivered a letter to the company. Jeffrey Smith, Starboard Value's Managing Member, wrote in the letter that the investment firm remains "...
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Brink's Reaches Agreement With Activist Investor, Fitch Views Event As 'Positive'
Wednesday, January 6, 2016 - 11:19am | 173Read More...Brink's Company (NYSE: BCO) announced on Monday it has reached an agreement with activist investor and shareholder Starboard Value. As part of the agreement, Brink's announced the addition of three new independent directors to the company's Board of Directors and its current CEO,...
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Shares Of Yahoo Are Spiking: Here's Why
Wednesday, December 2, 2015 - 10:03am | 501Read More...Shares of Yahoo! Inc. (NASDAQ: YHOO) were trading higher by more than 4 percent early Wednesday morning. The Wall Street Journal reported that Yahoo's board of directors is considering a potential sale of its core internet business. Citing "people familiar with the plans,"' Yahoo's board will also...
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How Starboard Value Could Unlock Value At Advance Auto Parts
Wednesday, September 30, 2015 - 2:26pm | 439Read More...Shares of Advance Auto Parts, Inc. (NYSE: AAP) spiked higher by more than 10 percent on Wednesday. Activist investor Starboard Value has taken a 3.7 percent stake in the company. Starboard Value believes Advance Auto Parts' stock could be worth $350 per share. Shares of Advance Auto Parts, a...
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These Analysts Say A Macy's REIT Is Unlikely
Friday, September 18, 2015 - 1:27pm | 363Read More...Since July's Delivering Alpha Conference when Starboard Value suggested a REIT, Macy's, Inc. (NYSE: M) has declined 17.5 percent. Morgan Stanley's Kimberly Greenberger took issue with Starboard's forecast that Macy's could rise to $125 with a REIT spinoff, noting that it is more likely to gain to...
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Gilford Says Don't Believe The Real Estate Hype: Slashes Macy's From Buy To Sell
Tuesday, July 28, 2015 - 10:26am | 358Read More...In a report published Tuesday, Gilford Securities analyst Bernard Sosnick downgraded shares of Macy's, Inc. (NYSE: M) to Sell from Buy following the surge in its stock after Starboard Value announced its belief that shares could be worth $125 if the retailer were to monetize its most...
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Jeff Smith Hypes Macy's At Delivering Alpha
Wednesday, July 15, 2015 - 12:50pm | 194Read More...Starboard Value LP founder and CEO Jeff Smith expressed a bullish outlook on Macy's, Inc. (NYSE: M) Wednesday morning at the Delivering Alpha conference in New York. The stock shot up by more than 4 percent following his comments. Smith believes Macy's is worth about $100 per share --...
