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Activist investor Jana’s biggest get yet: 2 Walgreen board seats
Jana Partners has landed two seats on the board of Walgreen WAG , including one for its founder and managing partner Barry Rosenstein, giving the activist investor outsize say over how the drugstore...
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EMC looking at sale of VMware stake after activist pressure
EMC, the data storage equipment maker that has been fighting off an activist investor seeking to break up the company, may finally give in to the demands. The $60 billion tech company is exploring a...
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Activist investor Starboard wants Yahoo to consider a deal with AOL
Starboard Value LP has called on Yahoo’s management to consider a potential combination with AOL Inc., a deal the activist investor said could result in cost synergies of up to $1 billion. In a letter...
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Sotheby’s CEO steps down after an extended activist investor battle
The long-serving CEO of Sotheby’s, William Ruprecht, is stepping down, following a year-long battle with activist investors. The decision was by “mutual agreement,” the company said, and followed the...
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Starboard Value’s Jeff Smith: The investor CEOs fear most
The most feared man in corporate America these days is not named Icahn, Ackman, Loeb, or Einhorn, but rather Smith, as in Jeff Smith, the boyish-looking 42-year-old co-founder and CEO of a previously...
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Activists’ Alpha
"Are markets in a bubble?" That was the question my colleague Stephen Gandel asked investor Cliff Asness when he visited our offices recently. And Asness, who earned his Ph.D. in finance under the...
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Starboard builds stakes in Staples, Office Depot, setting up a potential merger
Activist investor Starboard Value looks set to shake up the office-supply market. The hedge fund, which ousted the entire board at Darden Restaurants DRI earlier this year, disclosed a 5.1% stake in...
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DuPont CEO on what’s driving the company into the future
DuPont was founded 212 years ago as a chemical company. But in her five years as CEO and chairman, Ellen Kullman has remade the $36 billion-in-revenue operation into an organization that capitalizes on...
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Carl Icahn acquires stake in Manitowoc, calls for a breakup
Carl Icahn has amassed a 7.77% stake in Manitowoc, an investment meant to give the activist investor leverage to discuss the possibility of separating the company’s crane and foodservice segments into...
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Read Starboard’s full letter to Yahoo CEO Marissa Mayer
Activist investor Starboard Value on Thursday issued a new letter to Yahoo YHOO Chief Executive Marissa Mayer, who is facing pressure to turn around the Internet company’s core business while also...
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Under investor pressure, DuPont sells its 130-year-old theater
Under pressure by an activist investor to show it’s serious about cost-cutting, chemical giant DuPont Co. agreed to sell a Broadway-style theater next to its headquarters. The sale of the 130-year-old...
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DuPont fires back at activist investor, outlines Trian ‘myths’ in shareholder...
DuPont has some things to clear up when it comes to the chemicals giant’s standoff with activist investor Nelson Peltz. The company, which has been squared off in a proxy battle with Peltz’s Trian Fund...
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Greece’s D(efault)-Day and ConAgra updates investors–5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are set to open higher this morning on the latest rumors of last-minute efforts in Athens to avert default. Today’s must-read article is...
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Citrix CEO to retire as Elliott Management pushes its agenda
There was a lot moving and shaking at Citrix Systems Tuesday. Long-time chief executive officer Mark Templeton said he plans to retire but will stick around for a successor to be named. And, in related...
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Herbalife activist investor Bill Ackman’s unprecedented catalytic crusade
Within Fortune senior editor Roger Parloff’s canonical feature about hedge fund manager Bill Ackman’s audacious, indefatigable attack on Herbalife--an at times seemingly pyramid-scheming nutrition...
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Nelson Peltz’s Trian makes a big investment in GE
Activist investor Trian Fund Management has disclosed it has amassed a $2.5 billion stake in General Electric, becoming one of the largest shareholders in the conglomerate. Nelson Peltz, CEO and a...
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Who had a better day: Ellen Kullman or Jack Dorsey?
Oct. 5 was a big news day for corner office inhabitants. Yesterday morning, Jack Dorsey, Twitter’s prodigal son, made a triumphant return to the helm of the company he cofounded before being booted out...
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Brewing merger and Monsanto’s growth plans–5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are higher this morning as a sharp rise in oil prices powers a broader market rally. Crude oil futures have soared out of their recent range...
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Activist Investors Will Get Less Active in 2016
The staff of Fortune recently assembled its predictions for 2016. Here's one of our forecasts. The loudest hedge funds on Wall Street could go quiet in 2016. The reason: A less-friendly bond market....
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Avon’s Purported Plan to Sell Off North American Unit Meets Opposition
Avon Products AVP is nearing a deal to sell its long ailing North American business to private equity but the plan, which would give the 130-year old beauty products company a much need financial shot...
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