Tag Archives: board-of-directors


Delphi Favors Bid from Lenders

Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]

Tollgrade Communications challenges independence of nominees for board

Pittsburgh Tribune Review – Tollgrade Communications Inc. is challenging the independence of two nominees for seats on its board of directors because a dissident hedge fund group is paying them to run as part of its bid for control. Tollgrade, […]

Target shareholders reject Ackman board slate

Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]

Advisory firms split decisions on Ackman

StarTribune.com – Score a big one for Target Corp. provocateur William Ackman. The activist shareholder got a boost from the business world’s most influential proxy advisory firm on Tuesday, when RiskMetrics Group said that investors should vote for Ackman and […]

Barclays to sell iShares business to CVC Capital for $4.4 billion

Banking Business Review – The board of directors of Barclays has entered into an agreement for the sale of its iShares business to Blue Sparkle, a new limited partnership established by CVC Capital Partners, for a total consideration of approximately […]

Solon-based Agilysys settles dispute with hedge fund operator

The Plain Dealer – Solon software company Agilysys Inc. has settled its differences with New York hedge fund operator and investor Ramius LLC by appointing two Ramius associates to its board of directors. The action, which Agilysys announced this week, […]

Hedge fund slams HudBays slip-shod merger process

Globe and Mail – HudBay Minerals Inc. chief executive officer Allen Palmiere tried to amend the terms of a controversial merger agreement with Lundin Mining Corp. after shareholders slammed the proposed transaction, according to court documents released by a hedge […]

Citadel Limits Redemptions in Two Hedge Funds

New York (HedgeCo.Net) – Chicago-based Citadel Investment Group has frozen redemptions from its two largest hedge funds after investors moved to withdraw $1.2 billion, according to a letter sent to clients on Friday. The letter, signed by CEO Kenneth Griffin, […]

Citadel Hedge Funds Down, But Not Out

New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal.  This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]

Hedge fund Avenue Capital says now is time to buy

Forbes – Financial assets have become so cheap because of the credit crisis that now is a good time to scoop up bargains, the head of one of the world’s biggest hedge funds, Avenue Capital, said on Wednesday. ‘Now is […]

Transcript: Howard Lutnick

Welcome, I’m Steve Forbes. It’s a pleasure and privilege to introduce you to our featured guest, Cantor Fitzgerald CEO Howard Lutnick. He’ll tell us why October was his company’s best month ever. But first…This ongoing financial crisis is driven by […]

Hedge fund Abax co-founder Hsu resigns CEO role

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