Tag Archives: dan-hesse
Shareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners. Shareholder Deborah Donoghue is seeking the […]
Harbinger Hedge May Be Looking to Rev Up Leap Management
New York (HedgeCo.Net) – Activist hedge fund Harbinger Capital might be looking to make some strategic changes to another management team. They are expected to hold talks with Leap Wireless International, in which they hold a substantial 14.8 percent stake […]
Citadel resolves spat with JP Morgan
JP Morgan Chase & Co and Citadel Investment Group resumed trading with each other on Friday, one day after the bank had cut off the hedge fund over a hiring dispute, a person familiar with the matter said. "The dispute […]
Ruling: Hedge Funds Receive Their Rightful Seats on Board
New York (HedgeCo.Net) – Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle. A U.S. Court of Appeals judge ruled yesterday in […]
Harbinger Hedge Fund Looking to Shake Up Another Board
New York (HedgeCo.Net) – Harbinger Capital has taken an 8 percent stake in Cablevision Systems Corp., according to a regulatory filing done yesterday with the Securities and Exchange Commission. The activist hedge fund now owns nearly 19 million shares of […]
CSX Concedes Two Board Seats to Hedge Funds
New York (HedgeCo.Net) – CSX looks to be cutting some slack to the two rebel hedge funds that have been on a quest to restructure their board of directors. The railroad company said that it will give two seats to […]
CSX board to meet, but agenda uncertain
Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for […]
Yahoo Shareholder Proposes Board Compromise
New York (HedgeCo.Net) – Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl […]
Yahoo/Microsoft Talks May Be Back On
New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if […]
J-Power Wins Shareholder Vote on Payout, Defeats TCI
Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]