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.
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
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.
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.
With LionTree as an adviser and activist Glenn Welling on a key subcommittee exploring strategic alternatives, a sale of the set-top box and interactive digital TV guide company is a serious possibility.
A sale of the rent-to-own retailer is likely to be announced in a month or two, people familiar with the situation said.
Insider-controlled public companies as a group also have mixed returns. One study found that dual-class firms tend to have higher valuations early in their lifecycles but lower valuations about six years out from the IPO.
Facebook has created billions of dollars in shareholder equity at the same time that its structure protected the social media giant from the activist hedge funds who frequently push for tech-company M&A activity.
Thus ends a months-long battle that actually can be traced even further back to talks between the two chipmaker giants in 2016.
Some big investors wonder whether the Chinese regulator, Mofcom, will move to block the chipmaker's acquisition of NXP Semiconductors in retaliation to the Trump administration's move to block Broadcom's hostile $79 a share bid for Qualcomm.
The Trump administration shocked most people by intervening in Broadcom's contentious battle to acquire Qualcomm. TheStreet's senior reporter Ron Orol weighs in.
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