With a director nomination deadline approaching fast, an auction process and sale to Conagra or director-election proxy war could be next.
The technology giant may be moving to liquidate its position. Shares are likely shifting into hedge fund hands, which is a positive for Jeff Smith's total boardroom takeover effort.
Jeff Smith's fund is one of only a small group of activist investors who have succeeded at taking over the entire boards of targeted companies.
The Deal sits down with Madison International Realty's Ronald Dickerman to discuss the changing face of retail and the company's recent $1 billion-plus acquisition of real estate surrounding Brooklyn's Atlantic Center.
Morgan Stanley has an activist defense team, and it is possible that the investment bank is advising Akamai on how to defend itself from the activist as well.
Should Smith move to install directors there is a good chance he will succeed -- and push for M&A.
The iPhone maker had requested SEC clearance to skip the shareholder proposal at its annual meeting.
The famous corporate raider-turned activist investor is seeking to install four dissident directors to the document technology company that he had already successfully convinced in 2016 to break up
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