Friday sell-off hits major indexes; chipmakers fall increasing odds for consolidation; proxy advisers urge GE shareholders to ditch KPMG and more of what you may have missed Friday, April 6.
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 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.
A sale of the rent-to-own retailer is likely to be announced in a month or two, people familiar with the situation said.
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.
Broadcom is hoping its latest letter, this time to Congress will convince an inter-agency, national-security focused review panel to drop its review of the chipmaker's hostile bid to buy Qualcomm.
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