CNBC's David Faber and Jim Cramer discuss the influence of activist investors on corporate America as Hertz and Darden come under pressure from Carl Icahn and Starboard Value.» Read More
Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.
TORONTO, Sept 18- Shareholder activism is likely to gather momentum in the Canadian energy industry in the coming months, sparked by some poor stock performance, the success of past campaigns and growing support from large institutional investors.
MATTHEWS, N.C.— Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. Family Dollar is currently trying to arrange a sale to another bargain chain, Dollar Tree Inc..
NAPLES, Fla.— Dodging a proxy fight with billionaire Carl Icahn, Hertz has added three of his chosen candidates to the board. Hertz CEO and Chairman Mark Frissora resigned earlier this month for personal reasons.
As CEO of his own soon-to-be public company, Bill Ackman will use a dual share-class structure that has been considered unfriendly to investors.
The Sony thriller "No Good Deed," which stars Elba as an escaped convict and Taraji P. Henson as the innocent he terrorizes, opened on top of the box office with $24.5 million, according to studio estimates Sunday. "It's a movie that we really loved and felt that it was going to win," said Sony distribution chief Rory Bruer.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Sept 11- Billionaire investor Carl Icahn's son, Brett Icahn, has scrapped plans to start his own hedge fund firm and will continue staying with his father's firm, a source familiar with the situation told Reuters on Thursday.
Hertz invited Icahn's nominees onto the board less than four weeks after the New York- based investor announced that he had become the company's biggest investor with an 8.7 percent stake and that he planned to push management for changes.
Hertz said Thursday it plans to add three candidates nominated by Carl Icahn to its board of directors in a move that will avert a proxy battle with the activist investor. Icahn owns about 8.5 percent of Hertz, making him the auto rental company's largest shareholder.
Sept 11- Car rental company Hertz Global Holdings Inc said it would add three directors nominated by billionaire investor Carl Icahn to its board.
NEW YORK— In a story Sept. 8 about the resignation of Hertz Chairman and CEO Mark Frissora, The Associated Press reported erroneously the year Frissora became CEO. NEW YORK— Hertz Chairman and CEO Mark Frissora has stepped down from his posts for personal reasons.
Trump Ent. received bankruptcy approval for an deal that gives it 30 days to craft a turnaround plan to save its Taj Mahal casino-hotel.
Billionaire Carl Icahn's firm made a typo in a regulatory filing that erroneously said it had upped its stake in Gannett.
Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash.
WILMINGTON, Del.— A Delaware bankruptcy judge on Wednesday agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company's sole secured lender.
Carl Icahn owns a 6.6 percent stake in the media company, according to public filings.
*Trump Entertainment Resorts files for Chapter 11. Sept 9- Trump Entertainment Resorts Inc, which runs two casinos in Atlantic City, filed for bankruptcy protection for a third time, in another blow to the city's crumbling casino industry.
Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. The company, which Donald Trump founded but no longer controls, operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.
Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.