Activism - individual company 15/16

Dec 21, 20202 min read

Evolent Health (EVH) announces cooperation agreement with Engaged Capital

Key Summary: On August 20, 2020, Engaged Capital (9.99%) stated its intent to review its investment and engage with the company to unlock...

8 views0 comments

Ananthi.T 17BT002

Dec 8, 20201 min read

AECOM announced Board changes

Key Summary:On June 20, 2019, Starboard (4%) praised the company’s plan to spin off its management services segment but called for a...

8 views0 comments

Ananthi.T 17BT002

Nov 12, 20202 min read

Gamco reduced its stake in E W Scripps Company (SSP)

Key Summary: E.W. Scripps Company ($1.1B market cap) operates in TV, radio, and digital media. Gamco (16.5% stake in 2018) nominated...

1 view0 comments

Kanmani Rex

Nov 5, 20202 min read

Trian Fund Management secured Board seats in Invesco Ltd (IVZ)

Key Summary: On October 2, 2020, Trian Fund Management disclosed a 9.9% stake and indicated ongoing discussions with management and the...

6 views0 comments

Ananthi.T 17BT002

Nov 5, 20202 min read

Gamco reduced its stake in Lennar Corporation (LEN)

Key Summary: Lennar Corporation (Market Cap: $22.7B in 2020) faced ongoing activism from Gamco over its voting structure and stock price...

1 view0 comments

Ananthi.T 17BT002

Oct 23, 20202 min read

Prescott expressed its disappointment with the Board of Nature's Sunshine Products (NATR)

Key Summary: Nature's Sunshine Products is a health and wellness company selling nutritional products. Prescott Capital (7.7% stake)...

1 view0 comments

Ananthi.T 17BT002

Oct 21, 20203 min read

Harbert Discovery Fund Reduced Its Stake in Marchex (MCHX)

Key Summary: Edenbrook Capital steadily increased its stake in Marchex from 2017 to 2020, reaching 19.22%, advocating for strategic...

0 views0 comments

Ananthi.T 17BT002

Jun 12, 20202 min read

Gamco's Proposal Was Not Approved by the Shareholders of Bel Fuse (BELFA)

Key Summary: Gamco (23.15%) proposed eliminating Bel Fuse's dual-class stock structure in 2017 and allowing Class A shareholders to...

0 views0 comments

Ananthi.T 17BT002

Jun 5, 20202 min read

Gamco trimmed its stake after withdrawing its proposal in Ryman Hospitality Properties (RHP)

Key Summary: Ryman, formerly Gaylord Entertainment, converted to a REIT in 2012 despite Gamco's opposition. Gamco, a significant...

1 view0 comments

Ananthi.T 17BT002

Jun 4, 20201 min read

Gamco decreased its stake in Twin Disc (TWIN)

Key Summary: Twin Disc, Inc. manufactures power transmission equipment. Gamco engaged with the company over its poison pill policy in...

1 view0 comments

Ananthi.T 17BT002

Jun 4, 20201 min read

Gamco Reduced Its Stake in Tredegar Corporation (TG)

Key Summary: In November 2013, Gamco proposed removing the poison pill, which Tredegar eliminated in February 2014.Gamco increased its...

1 view0 comments

Ananthi.T 17BT002

Apr 8, 20203 min read

Edenbrook Capital increased its stake in Frequency Electronics (FEIM)

Key Summary: Frequency Electronics ($83M market cap) faced shareholder activism from Privet Fund and Edenbrook Capital over governance...

1 view0 comments

Ananthi.T 17BT002

Mar 17, 20202 min read

Gamco's declassification proposal was approved by the shareholders of NATIONAL FUEL GAS CO (NFG)

Key Summary: National Fuel Gas Company ($3.5B market cap) operates in natural gas production and distribution. Gamco proposed spin-offs,...

1 view0 comments

Ananthi.T 17BT002

Jun 26, 20192 min read

Caesars Entertainment (CZR) entered into a merger agreement with Eldorado Resorts

Key Summary: On February 19, 2019, Carl Icahn disclosed a 9.78% stake, seeking board representation and proposing a sale of the company....

3 views0 comments

Ananthi.T 17BT002

Apr 8, 20191 min read

LGL GROUP INC (LGL) Group terminates its discussion with the investment group; Gamco increased its stake

Key Summary: LGL Group designs and markets electronic components internationally, with a market cap of $35M as of April 2019.In 2018,...

1 view0 comments

Ananthi.T 17BT002

Mar 25, 20191 min read

Gamco increased its stake after securing a Board seat in Eastern Co (EML)

Key Summary: Eastern Co. (M.Cap: $171mm) manufactures industrial hardware and metal products. Gamco secured a Board seat in 2016 and...

1 view0 comments

Ananthi.T 17BT002

Jun 18, 20185 min read

Icahn wins majority of seats on SandRidge Energy (SD) board

Key Summary: SandRidge Energy’s $746M Bonanza Creek acquisition faced opposition from Carl Icahn and Fir Tree Partners, citing...

6 views0 comments

Ananthi.T 17BT002

May 28, 20181 min read

Shah Capital sent a letter to China Yuchai International (CYD) with proposals to be discussed at AGM

Key Summary: On May 24, 2018, Shah Capital Management (8%) sent a letter to the Board proposing better allocation of free cash flow,...

2 views0 comments

Ananthi.T 17BT002

Apr 23, 20181 min read

PAR Technology Corporation (PAR)Appoints Savneet Singh, Recommended by Voss Capital, to the Board

Key Summary: On April 12, 2018, PAR Technology announced Savneet Singh's appointment to the Board, effective April 20, 2018.Voss Capital...

0 views0 comments

Ananthi.T 17BT002

Feb 17, 20172 min read

Starboard reduced its stake in Brinks Co (BCO) after gaining Board seats.

Key Summary: Brinks provides secure logistics and cash management services globally. Starboard (12.4%) pushed for operational...

2 views0 comments

snowball research