White Tale Appears Set to Succeed in Blocking Huntsman/Clariant Deal

Activist investor group White Tale appears set to succeed in blocking the Huntsman/Clariant deal, as it recently increased its own stake and a number of other Clariant shareholders support its view, it is understood. White Tale’s recent roadshow with Clariant shareholders in London and Zurich was well received, and there were at least a dozen … Read Morepublic

Board Overhaul May Lead to Sale of Hain

Under pressure from activist investor Engaged Capital LLC, organic food company Hain Celestial Group on Thursday announced that it would name six new directors to its board, includingfeatured

Court Grants Delay in Activist’s comScore Challenge

A Delaware judge has granted comScore a two-week delay in a challenge by Starboard Value Fundfeatured

Investors Wait for Hain to Schedule 2017 Annual Meeting

Hain Celestial Group, which is facing a proxy battle with Engaged Capital for control of the board, has not held an annual meeting since November 2015. The organic and natural foodsfeatured

Pressure on Macy’s to Monetize Real Estate

The idea of Macy’s spinning off its vast real estate holdings was fanned earlier this year when REIT expert William Lenehan was added to Macy’s board and leading real estate portfolio manager Douglas W. Sesler was hired as executive vice president for real estate. The suggestion was rekindled when CEO Terry Lundgren announced that he … Read Morefeatured

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Comerica Sale Unlikely Short Term

Comerica said at its annual meeting Tuesday that it recognizes the sense of urgency to improve the bank’s returns. Facing growing pressure from a number of activists, the Dallas-based bank said several times during the gathering that it is exploring alternatives, include a sale. However, a sale of the bank holding company is unlikely at … Read Morefeatured

Cabela’s Credit Card Business Called “Best in Class”

A senior executive in the credit card industry tells CTFN that Cabela’s credit card business is highly attractive and the best in its class. Reports of a Cabela’s credit card unit sale have been floated for years. But chatter of such a transaction has increased since Elliott Associates announced an 11% stake in the company and … Read Morefeatured

Is There a Deal Ahead for Ethan Allen?

Shares of Ethan Allen Interiors Inc. hit a post financial crisis high near $33 in March 2013 and have stagnated since while the S&P500 has advanced nearly 27% over that time period. That helps explain why activist investor Sandell Asset Management has been urging changes at the 80 year old furniture company. For the fiscal … Read Morefeatured

Will Brink’s Margin Gains Stave Off Activist Fight?

Valued at $1.6 billion, small cap Brink’s Co. has faced stagnating revenue over the last few years. Nonetheless, its stock is up nearly 32 percent this year. The run-up was triggered in part by activity from investor Jeff Smith who runs Starboard Value. When Smith increased its stake in Brinks to 8.2 percent, investors perked … Read Morefeatured


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