Ronald Orol leads The Deal's coverage of activist hedge fund managers, a high-profile group of corporate investors who press for blockbuster deals and were the subject of his book “Extreme Value Hedging: How Activist Hedge Fund Managers are Taking on the World.” Orol also specializes in reporting on bank and securities regulation in the wake of the 2008 financial crisis. Orol’s reporting covers a wide range of Washington issues critical to dealmaking, including financial reform, Securities and Exchange Commission rules impacting IPOs and mergers and federal oversight of bank transactions. Orol is an occasional commentator on TheStreet TV, BBC World Television and National Public Radio.
Recent Articles By The Author
How Elon Musk Controls Tesla With Only a Minority Ownership Stake
Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.
Xerox Received Interest From HPQ Before Fuji Deal: Sources
The document processing company had almost replaced Xerox CEO Jeff Jacobson with an ex-HP executive, The Deal has learned.
Elaine Wynn's Boardroom Battle Effort Could Drive Wynn Resorts Sale or Breakup
Wynn's ex-wife, Elaine, a 9.25% shareholder who co-founded Wynn Resorts with Steve, is seeking to shake up the casino giant's board.
Divestitures at Newell Expected in Weeks: Wells Fargo
The plan for a variety of asset sales comes as Starboard Value's Jeff Smith is seeking to install four dissident director candidates, some of whom, if elected, would replace directors installed in a recent settlement with rival insurgent Carl Icahn
Steve Cohen Digs Roku, Buys 5%
The billionaire's fund, Point72 Asset Management made the investment. A 2016 settlement with the Securities and Exchange Commission allowed the money manager to accept outside money starting this past January.
Sweet Smell of Choclate May Draw Activist Investor to Hershey
An insurgent fund manager has a small opening to gain a couple seats on the board of the iconic maker of Hershey's Kisses. But any attempt to drive a sale of the business following a 2016 Mondelez rejection would likely be quashed.
When Titans Collide: Starboard's Jeff Smith Challenges Carl Icahn at Newell
The activist fund is putting up four dissident director candidates to the company's board as part of a skirmish over the Mr. Coffee maker's divestiture plans.
Bill Ackman Needs a Big Win at ADP or Another Target to Stop the Bleeding
The embattled activist is reportedly experiencing significant redemptions as investors seek to flee his fund. A campaign at the payroll processor in 2018 is a real possibility as Ackman has $500 million committed to a co-investment targeting the company
Cerberus Enters Fray for Rent-A-Center: Sources
The buyout firm is among the final bidders for the rent-to-own retailer. It joins private equity firm Vintage Capital, which The Deal has learned has raised outside funding for its bid.
Icahn to Launch 'Full-Slate' Boardroom Battle at Sandridge
The insurgent manager said that his slate if elected would commit to run its own formal strategic review process in a 'fair and timely manner.' Icahn may submit a bid himself.