Edition:
India

Svea Herbst-Bayliss

Amag settles with activist Caligan, adds two board directors

08 Oct 2019

Amag Pharmaceuticals Inc , whose shares have tumbled more than 45% in the past year, on Tuesday agreed to add two directors proposed by Caligan Partners after the hedge fund pressured the drugmaker to conduct a strategic business review.

Proxy solicitor Okapi hires Harnett from Strategic Governance Advisors

04 Oct 2019

NEW YORK, Oct 4 Okapi Partners, a proxy solicitor that has long worked for activist hedge funds Elliott Management and Starboard Value, is hiring a senior executive from an advisory firm to help expand its business with corporate clients, three people familiar with the matter said this week.

New Glass Lewis chief to expand abroad amid U.S. regulatory clamp-down

04 Oct 2019

Glass Lewis & Co is planning to grow its business abroad in the face of newly introduced curbs by the U.S. Securities and Exchange Commission (SEC), the proxy advisory firm's new executive chairman Kevin Cameron told Reuters in an interview.

MOVES-FTI Consulting hires ISS executive for governance and activism team

03 Oct 2019

BOSTON, Oct 2 FTI Consulting Inc hired a corporate governance analyst from proxy advisor Institutional Shareholder Services (ISS) for its unit that advises clients on hot button issues from climate change to executive pay, the company said on Wednesday.

Private equity can still find 'diamonds in the rough': Apollo exec

20 Sep 2019

NEW YORK Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets.

Trian and P&G highlight activist-corporate collaboration after 'fog of war'

20 Sep 2019

NEW YORK Eighteen months after officially burying the hatchet in one of America's most bitter proxy contests, Procter & Gamble Co CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and corporations can end up working collaboratively.

Trian and P&G highlight activist-corporate collaboration after 'fog of war'

20 Sep 2019

NEW YORK, Sept 19 Eighteen months after officially burying the hatchet in one of America's most bitter proxy contests, Procter & Gamble Co CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and corporations can end up working collaboratively.

Activist investor Peltz says GE CEO Culp is doing a good job

19 Sep 2019

NEW YORK Lawrence Culp has held the top job at General Electric for nearly one year and on Thursday one of the industrial conglomerate's biggest shareholders, activist investor Nelson Peltz, gave him a shout-out for being "fantastic."

SEC's Clayton worries about private markets, negative rates

19 Sep 2019

NEW YORK U.S. Securities and Exchange Commission chair Jay Clayton said on Thursday he was concerned about the growth of private markets and negative interest rates as policymakers try to stimulate growth.

Investor Netter pushes FSD to restructure or return cash

19 Sep 2019

NEW YORK, Sept 18 Investment manager Donald Netter is stepping up his battle with First Trust High Income Long/Short Fund (FSD) by asking the closed-end fund to restructure or give investors their money back because it has been trading at a discount for years.

World News

Russia-backed Syrian forces step in as U.S. retreats

Russia-backed Syrian forces wasted no time in taking advantage of an abrupt U.S. retreat from Syria on Monday, deploying deep inside Kurdish-held territory south of the Turkish frontier less than 24 hours after Washington announced a full withdrawal.