Hedge Funds
Foundation Asset Management's launches new campaign, threat to proxy fight, after failure of non-confrontational efforts to force a sale. "A range of cold beer, hand-spun wings, and wall-to-wall live sports" is what this casual dining restaurant chain all about and most importantly they are in demand. Earlier this week, BWLD reported a 15% year-over-year growth for the quarter ended 30 June. While sales from existing company owned and franchise stores declined nearly 2%, revenue and earnings jumped 15% and 10%, respectively, driven by new store openings and acquisitions. Prior to the earnings announcement, the hedge fund Marcato Capital, also the...