Edition:
India

Jessica DiNapoli

Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

19 Apr 2019

NEW YORK Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt.

Corvex's Meister likes Diamondback Energy after it bought Energen

16 Apr 2019

NEW YORK Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.

UPDATE 1-Corvex's Meister likes Diamondback Energy after it bought Energen

16 Apr 2019

NEW YORK, April 16 Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.

Starboard takes new position in KAR Auction Services

16 Apr 2019

NEW YORK Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.

UPDATE 2-Starboard takes new position in KAR Auction Services

16 Apr 2019

NEW YORK, April 16 Activist investment firm Starboard Value has taken a new position in KAR Auction Services , the firm's founder Jeffrey Smith said at a conference on Tuesday.

MOVES-Former Goldman consumer retail head Sweeney joins Sycamore Partners

12 Apr 2019

April 12 Rob Sweeney, Goldman Sachs Group Inc's former global head of consumer and retail investment banking, has agreed to join private equity firm Sycamore Partners after leaving the investment bank, Sycamore announced on Friday.

PG&E in talks with BlueMountain to possibly expand board: sources

11 Apr 2019

NEW YORK California utility owner PG&E Corp is exploring expanding its board as it navigates bankruptcy proceedings in an effort to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, people familiar with the matter said on Wednesday.

Exclusive: Magellan Health nears board deal with hedge fund Starboard Value - sources

29 Mar 2019

NEW YORK/BOSTON U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources familiar with the matter said on Thursday.

Exclusive: J. Crew turns again to debt restructuring lawyers - sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

J.Crew turns again to debt restructuring lawyers -sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

World News