Tag Archives: Activist

With Hasbro’s stock (HAS) hovering at a 52-week low, the battle with its new activist investor Alta Fox Capital is heating up. Alta Fox founder Connor Haley tells Yahoo Finance his firm — a 2.5% holder in Hasbro — has been rebuffed in its effort to reach a settlement. “We’ve got a world class slate of advisers, and they are all collectively stunned at the level of entrenchment of the current Hasbro board. I think we went well out of our way to offer a beyond reasonable settlement,” Haley… Source link

Activist investor Jonathan Duskin at Macellum Capital Management fought a failed management team at Bed Bath & Beyond and won big in 2019. Duskin — whose successful campaign led to a board overhaul and ultimately the addition of current Bed Bath & Beyond CEO Mark Tritton — tells Yahoo Finance Live what GameStop Chairman Ryan Cohen is doing with the home goods retailer makes sense. “Ryan has a great following and is very well respected,” Duskin says. “I think we’ve articulated there is a… Source link

Out with the old and entrenched board members at struggling Kohl’s, in with the new and open-minded. That’s the hot take from Yahoo Finance’s chat on Monday with activist investor Macellum Capital, which is back in the trenches slinging the mud at Kohl’s after a bizarre bit of posturing by the retailer Friday. “The board doesn’t appear to be working on shareholders’ behalf. It’s troubling to us, and we will continue to put pressure on the board by nominating another slate and give shareholders… Source link

After a series of major execution missteps, Peloton (PTON) has a new activist investor knocking down its doors.  In a scathing new letter released on Monday, activist Blackwells Capital — which reportedly has amassed a less than 5% stake in the company — demanded Chairman, founder and CEO John Foley be immediately fired.  “Mr. Foley must be held accountable for his repeated failures to effectively lead Peloton,” Blackwells chief investment officer Jason Aintabi wrote in the letter…. Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Zitkala-Sa played a huge role in preserving Native American culture. Google Doodle The Google… Source link

Kohl’s (KSS) is starting its week with activist investors knocking on its door. On Monday, Kohl’s and CEO Michelle Gass — who joined as chief customer officer in 2013 and assumed the CEO role in May 2018 — were blasted by a group of activist investors for “poor retail execution,” “excessive executive compensation,” a “long-tenured Board with insufficient retail experience,” and a “systemic inability to achieve stated goals.” The activist group includes Macellum Advisors, Ancora Holdings,… Source link