The auto parts retail chain is ousting its CEO, replacing four directors, adding a board seat for the dissident fund's CEO, Jeff Smith, and closing 30 stores.
Activist TCS Capital Management, which increased its stake to 9.1%, argues that such a tie-up would yield significant cost savings and end a hostile marketing feud.
The firm maneuvered a decade’s worth of buyouts, breakups, shutdowns and sales but managed a sale as regional wireless carriers go extinct.
Dialog Semiconductor's offer for Atmel may signal that tie-ups among chipmakers may be peaking and that the next dealmaking frontier in the space will involve the companies that serve them.
Activist investors will continue to pressure companies to sell real estate and then lease it back despite new guidance from the Internal Revenue Service.
Activist Tom Sandell nominated six dissident directors after suggesting the interior design and furniture company should consider a sale or real estate spinoff.
Middleby was planning to buy AGA, the British kitchen-range maker. But rival appliance maker Whirlpool has made a last-minute offer, threatening to burn Middleby's carefully prepared acquisition.
With pressure rising on companies to keep medical costs down, smart tech firms like Xerox can bring their skills to bear on making health care cheaper and more efficient.
Activist investor Tom Sandell and his fund, Sandell Asset Management, are pushing the furniture retailer to either sell itself or monetize its real estate, and he doesn't give up easily.
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