Anticipating Activism: Implications For Your 2021 Annual Meeting Of Stockholders | Latham & Watkins Llp
Activist investors often begin planning their campaigns as much as a year in advance of the annual meeting. This includes accumulating stock positions, coordinating with other hedge funds in so-called "wolf packs," analyzing the target company's defenses and vulnerabilities, and making initial contacts with the target company. Therefore, target companies should focus on early vigilance and advance preparation. Please see full Publication below for more information....By: Latham & Watkins LLP.
As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin's $32 billion hedge fund. Daniel Morillo will join the company as chief investment officer, leading Opendoor's pricing and data science teams, the company said in a blog post Friday. "As we look at our future plans to expand nationwide ... it is critical that we continue to deliver homeowners accurate and competitive offers," co-founder and CEO Eric Wu ... [more] The post Opendoor hires CIO from Ken Griffin's Citadel appeared first on The Real Deal South Florida.
Median rent for apartments in Manhattan has reached its lowest point in nearly a decade, reports The New York Times. J.C. Penney filed a sale agreement with landlords Simon Property Group and Brookfield Asset Management after weeks of delays and negotiation, according to Retail Dive. These are among today's must reads from around the commercial real estate industry.
Tech guru has curbed position in solar company 3 times in October. : Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)'s former "tiger cubs," disclosed he trimmed his stake in Sunrun Inc. RUN (NASDAQ:RUN) for the third time this month. The guru's New York-based hedge fund is known for focusing on small-cap stocks and technology startups, having become an early investor in Facebook Inc. FB (NASDAQ:FB) and Spotify Technology SA (NYSE:SPOT).
AML Global Eclipse LLC, a U.S.-based company backed by British businessman Christopher Harborne, announced this week that it has reached an agreement with Albuquerque-based One Aviation to purchase the assets of Eclipse Aerospace. In a prepared statement, Harborne said the proposed sale represents a way to protect Eclipse -- which is currently in Chapter 11 [...]
The firm's multifamily portfolio in the Atlanta area now totals over 5,000 units. : Atlantic Pacific Cos. has acquired The Parc at Dunwoody Apartments, a 312-unit community in Dunwoody, Ga. The property marks the company's fifth acquisition within the company's third private equity fund, Blue Atlantic Partners Fund III. With this acquisition, the firm's Atlanta portfolio now totals over 5,000 units. According to Yardi Matrix, the property last traded for $33 million in 2017, when Emma Capital purchased it from WRH Realty Services.
Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark U.S. crude oil for December delivery fell 79 cents to $39.85 a barrel Friday. Brent crude oil for December delivery fell 69 cents to $41.77 a barrel. Wholesale gasoline for November delivery fell 2 cents to $1.14 a gallon. November heating oil fell 1 cent to $1.15 a gallon. November natural gas fell 4 cents to $2.97 per 1,000 cubic feet. Gold for December delivery rose 60 cents to $1,905.20 an ounce.
Jack Ma's Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco's record $29 billion share sale last year.
Wells Fargo is exploring a sale of its asset management business, in what would be the bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said. The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost...
Wells Fargo & Co. is exploring the sale of its asset-management unit, a business that could fetch more than $3 billion, according to a person briefed on the matter. The bank, which has been reviewing its strategy, began discussing a possible deal with other asset managers and private equity firms last month, according to the person, who said a divestment isn't certain. Wells Fargo expects to receive bids on the unit this month, said the person, who asked not to be identified because the talks are private.