corporate-governance
BusinessPolish Fashion Retailer Lpp Appoints Marcin Bojko as Deputy CEO
InvestingVallourec to Pay First Dividend in 10 Years After Cutting Debt
BusinessRace for Japanese 7-Eleven Owner Heats up With Founding Family Bid
BusinessFactbox-Seven & I’s Reported Offer and the Biggest Management Buyouts to Date
Spain’s Sidenor in Talks With Trilantic to Buy Stake in Talgo, El Confidencial Says
Date: November 12, 2024
MADRID (Reuters) – Basque steel maker Sidenor has hired investment bank Alantra to buy up to a 29.9% stake in Spanish train maker Talgo, news website El Confidencial reported on Tuesday, citing several sources close to the matter. Sidenor would buy the stake from investment fund Trilantic, which owns 40.2% of Talgo, El Confidencial said....
Umg Says Pershing Does Not Have Right to Require Amsterdam Delisting
Date: November 10, 2024
(Reuters) -Universal Music Group (UMG) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist from Euronext Amsterdam. Ackman had said in a post on X on Friday he would seek to delist investment firm Pershing Square, which holds a stake...
Oaktree Capital Urges UK’s Indivior to Refresh Board
Date: November 9, 2024
(Reuters) –Investment fund Oaktree Capital Management has urged British drugmaker Indivior to cooperate with the fund in refreshing its board of directors, it said in a letter dated Nov. 6 and published in a filing on Thursday. The request from the fund, which became the company’s second largest shareholder in July, comes weeks after Indivior...
UK’s Boohoo Seeks to Limit Frasers’ Influence as It Questions Investor
Date: November 8, 2024
(Reuters) – Boohoo on Thursday questioned Frasers’ interests and sought undertakings that would limit the top investor’s influence, a day after it urged the British online retailer to refrain from any asset sale without prior approval. Boohoo said that it was committed to an “open and transparent” engagement with its shareholders over the strategic review...
Hedge Fund Elliott Says It Has Not Made Demands at Germany’s Rwe
Date: November 7, 2024
(Reuters) -Elliott Investment Management said on Wednesday that it has not engaged with German utility RWE AG about an investment in the company and has not laid out any demands. The hedge fund issued a statement in reaction to a Bloomberg News report, citing unnamed sources, that said Elliott has built a significant investment in...
Italy Opens Procedure Against Sinochem Over Pirelli Possible Governance Breach
Date: November 7, 2024
MILAN (Reuters) – Pirelli said on Wednesday that Italy’s Prime Minister’s Office opened an administrative procedure against its largest shareholder, China’s Sinochem, for a possible breach of provisions Rome imposed to shield the tyremaker’s autonomy. Italy’s right-wing government last year used its “Golden Power” legislation, aimed at protecting assets deemed strategic for the country, to...