Former CEO and co-founder of WeWork Inc., Adam Neumann, allegedly made an offer to buy the bankrupt provider of coworking spaces for more than $500 million, the Wall Street Journal reported, citing sources familiar with the matter.
"As we’ve said previously, WeWork is an extraordinary company...
Third Point Management hedge fund, owned by investor Daniel Loeb, has acquired a new stake in Walt Disney Co., CNBC reported on Monday citing an investor letter.
Loeb told Disney's Chief Executive Bob Chapek that his fund will also be looking to buy Comcast's remaining minority stake in the...
Third Point Management LLC sent a letter to the board of directors of Prudential plc to separate its United States and Asian business.
The New York-based hedge fund, which owns approximately 5% of Prudential's shares, said there was no "discernible benefit" from operating the financial...
Centene Corp. jumped on Friday after an unconfirmed rumor that Daniel Loeb's Third Point Llc started an initiative for the health insurer to analyze the possibility of a sale. The activist investor has $300 million worth of shares at least, according to anonymous sources quoted by the Wall Street Journal,...
Campbell Soup Company has hired investment bank Centerview Partners as its advisor for its strategic review, CNBC reported on Saturday citing sources familiar with the matter.
The iconic soup company announced last month that it was conducting a "thorough and critical review" of its...
Campbell Soup Company announced that it appointed Mark Clouse as the new CEO of the company. The former CEO of Pinnacle Foods Inc. will be replacing the current interim chief executive Keith McLoughlin in January.
"Mark Clouse is an outstanding leader with a proven track record of...
Institutional Shareholder Services Inc. (ISS), an independent proxy advisory firm recommended to Campbell Soup Company's shareholders to vote in support of the Third Point Management's bid to put five directors on the soup maker's board.
ISS issued a report criticizing Campbell's performance,...
Heirs of the Dorrances, the family that controlled Campbell Soup Company since buying out the founding Campbell family, stated that they will vote in favor of the current board of the directors at the upcoming shareholder meeting. The heirs currently own 41% ownership stake and sit at the board of...
Third Point Management lost a ruling that would have fast-tracked the removal of several Campbell Soup Company's board members, although the court decided the fund can still proceed with the discovery process.
Third Point is pleased the case will proceed as "shareholders deserve to know...
Billionaire activist investor Daniel Loeb said in a letter to investors on Monday that his Third Point LLC hedge fund has taken a stake in PayPal Holdings Inc. The hedge fund did not disclose the size of its stake in the online payments firm.
"Consumers love PayPal because it enables hassle‐free,...
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