activist investor

Yahoo revises bylaws allowing proxy access

Allowing proxy access, Yahoo Inc has revised its bylaws. It'll also enable long-time shareholders to nominate candidates at board on ballots. The new bylaws will come into force after 2016 annual general meeting (AGM) scheduled in June or July.

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Loeb's hedge fund outperforms peers with returns 25.2% returns in 2013

With its 25.2% gain, activist investor Daniel Loeb's Third Point beat rivals in 2013, Reuters reported. Loeb's hedge fund stayed in line with the Standard & Poor's 500 Index which rose 29.6% in the same period.

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Herbalife goes for Ackman's credibility through Pershing fund clients - sources

Bloomberg said in its report that nutrition company Herbalife Ltd attempted to destroy activist investor Bill Ackman's credibility after the latter claimed that the former is running a pyramid scheme.

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Meyer leaves Sotheby chief auctioneer post as pressure from Loeb, investors heats up

Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.

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Another Activist Investor Pressures Tim Hortons

Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.

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