With activist investors amassing wealth because of their campaigns, investment banks are now providing clients investment advice that would enable companies to anticipate and foil the efforts of activist investors, Bloomberg reported.
Dan Loeb
Breaking News
- TikTok Voluntarily Suspends New App's Task and Reward Program After EU Regulators Express Concern Over Addictive Effects Among Young Users
- FairPrice Group Launches Mega $4.5 Million Savings Event for May Day: Exclusive Discounts, Deals, and More
- Austrian Modernist Gustav Klimt's 'Lost' Portrait Sells for €30M in Vienna Auction
Activist investor Carl Icahn reportedly bought 30 to 40 million shares in car rental company Hertz Global Holdings Inc. Sources said that Icahn is the target of the poison pill adopted by Hertz on Monday.
When companies see activist investors as a threat before, a Reuters article said companies are now treating these types of investors as a catalyst for corporate change.
Third Point announced they want to put up around US$322.20 million in its IPO to bolster its underwriting capacity.
Third Point Re announced that they plan raise US$250 million through an initial public offering of its common stock.
Subscribe to VCpost newsletter
Most Popular
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Celebrity Designer Nancy Gonzalez Jailed for Smuggling Crocodile, Python Handbags
- IBM Set to Acquire HashiCorp in Possible Mega-Deal, Stock Skyrockets 24% to $6.1 Billion Valuation
- How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments
- Kroger and Albertsons to Sell off 166 Stores in Effort to Gain Approval for Their $25 Billion Merger
- Student Loan Forgiveness Processing for This Group of Borrowers Will Stop Next Week
- Stellantis Plans to Lay Off Unspecified Number of Workers at US Factories in Coming Months