Latest news with #activistinvestor
Bloomberg
a day ago
- Business
- Bloomberg
Fuji Media Keeps Real Estate Spinoff in Play as Activists Circle
Fuji Media Holdings Inc. 's incoming president said 'all options' regarding its real estate operations remain on the table, including a possible spinoff along the lines of activist investor demands. The Japanese entertainment group last month rejected a shareholder proposal from Dalton Investments calling for a different slate of directors as well as a spin-out of the lucrative real estate arm. But the company has yet to finalize its long-term strategy, Kenji Shimizu said in an interview Monday.
Bloomberg
4 days ago
- Business
- Bloomberg
Boaz Weinstein Ready to Plow Billions More Into UK Trust Fight
Weeks after scoring a string of wins in his high-profile campaign for better returns from UK investment trusts, here is activist hedge fund manager Boaz Weinstein's latest message for the industry: I'm not going anywhere. 'I'm here and I'm ready to buy billions more of whatever is for sale and not effective,' Weinstein said in an interview. The comments come after he struck agreements with London-listed funds run by Janus Henderson Group Plc and Manulife Investment Management — two of the trusts he had campaigned against.
Bloomberg
5 days ago
- Business
- Bloomberg
HelloFresh Executives Face Growing Dissent Over Pay Ahead of AGM
HelloFresh SE 's management could be edging closer to a revolt on executive pay after failing to heed investors' warnings for the last three years. The German meal-kit provider faces a repeat at Friday's annual general meeting at a time when it's facing pressure from activist investor Active Ownership Capital to rein in spending.
Sky News
21-05-2025
- Business
- Sky News
Johnson Matthey to unveil £1.5bn-plus sale amid activist pressure
Johnson Matthey, the London-listed industrial group, will on Thursday announce the sale of a unit involved in the production of sustainable aviation fuel (SAF) as its board fends off pressure from an American activist investor. Sky News has learnt that Johnson Matthey will announce, as part of its full-year result, that it is selling its Catalyst Technologies arm - one of four main divisions at the company. Banking sources said the deal had been agreed for a price of between £1.5bn and £2bn - which at the upper end would equate to more than 80% of the group's entire £2.3bn market capitalisation. The identity of the buyer could not be established on Wednesday evening. Selling its Catalyst Technologies is expected to be welcomed by some shareholders who have argued that Johnson Matthey has been insufficiently focused on higher-growth businesses with more obvious potential to generate financial returns. The London-listed company has been under siege from Standard Industries, the US-based conglomerate which is its biggest shareholder with a stake of over 10%. Standard Industries wrote an open letter to Johnson Matthey's board in January, accusing it of destroying shareholder value. It said the British company's directors were guilty of a "continued lack of urgency and do what is necessary to turn Johnson Matthey around and help it to realise its potential". The Catalyst Technologies arm accounted for roughly a fifth of group sales in the half-year to the end of August, but about a third of group profit. As well as being involved in the production of technology needed to make SAF, the division is a market leader in supplying specialised services to the chemicals and energy sectors, with a particular focus on decarbonisation. More generally, Johnson Matthey is one of Britain's most significant industrial names, tracing its history back to 1817. A spokesman for Johnson Matthey, which has seen its shares slump by nearly a quarter over the last year, declined to comment on Wednesday.
Bloomberg
21-05-2025
- Business
- Bloomberg
Elliott Set to Win Two Phillips 66 Board Seats in Proxy Fight
By and Liana Baker Updated on Save Phillips 66 shareholders are set to elect two of Elliott Management's nominees to its board, in the first ever US proxy vote for the activist investor. Shareholders are poised to elect Sigmund Cornelius and Michael Heim from Elliott's four nominees, Elliott said in a statement on Wednesday, citing a preliminary analysis of the votes. Two of Phillips 66's nominees, Robert Pease and Nigel Hearne, were also set to be elected, according to people familiar with the matter, asking not to be named discussing confidential matters.
