Tag Archives: dan-hesse


Stalled! CSX vs. the Hedge Funds will Continue

New York (HedgeCo.Net) -The much anticipated annual meeting of railroad operator CSX took an odd turn when results of Board elections were kept from the media and CSX head Michael Ward abruptly ended the meeting. The elections were a subject […]

Hedge funds to continue quest for board seats despite ruling

New York (HedgeCo.Net) – The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week. TCI, who runs the Children’s Investment Fund of Britain, and 3G Capital […]

Ahead of the Bell: CSX vs. hedge funds

Forbes- Shares of railroad operator CSX Corp. may trade actively Thursday after a federal judge’s ruling opened the doors to a proxy battle later this month. On Wednesday afternoon, the judge ruled that dissident shareholders broke the law in their […]

Hedge fund sells shares after Vaalco proxy fight ends

Houston Business Journal – A noisy, contentious proxy battle ended quietly Wednesday when shareholders of Vaalco Energy Inc. voted in the company’s chosen slate of board directors. Houston-based Vaalco (NYSE:EGY) had spent the past three months fending off an attack […]

CSX says hedge funds have no plan for the company

Reuters- U.S. railroad CSX Corp, locked in a proxy battle with two hedge funds, urged shareholders in a letter on Tuesday to vote against the activist investor group’s proposed slate of five directors, saying they had "no plan" for the […]

Icahn, Yahoo Shareholders want Yang out

New York (HedgeCo.Net) – Carl Icahn continues his quest to shake up the board of Yahoo, and this time, that includes ousting CEO Jerry Yang.  According to the Wall Street Journal, Icahn is channeling shareholder complaints in hopes to fuel […]

Hedge Fund Crescendo Partners gives a jolt to Cott shares

New York (HedgeCo.Net) – Soft-drink maker Cott Corp. has gotten a vote of confidence from hedge fund Crescendo Partners, along with a boost in share value. Crescendo has raised its stake to 8.7% in the struggling company, and will meet […]

Hedge Funds Hop on the Icahn Bandwagon

New York (HedgeCo.Net) – Another hedge fund is backing Carl Icahn’s proxy battle against Yahoo, days after Paulson & Co. gave their support. Third Point LLC, a hedge fund that manages $5.7 billion in assets, is believed to be on […]