Activist Irenic builds a stake in Workiva, hoping to gain two board seats

Company: Workiva (WK) Business: Workiva is a provider of cloud-based reporting solutions that are designed to solve financial and non-financial business challenges at the intersection of data, process and people. The company offers its unified software-as-a-service, or SaaS, platform that brings customers’ financial reporting; environmental, social and governance (ESG); and governance, risk and compliance (GRC)…

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Anson Funds calls for Clear Channel Outdoor’s sale. Why the timing may be right

Company: Clear Channel Outdoor Holdings (CCO) Business: Clear Channel Outdoor Holdings is an outdoor advertising company that provides clients with advertising through billboards, street furniture displays, transit displays and other out-of-home advertising displays. The company operates entirely within the United States, with assets including printed and digital billboards, transit displays, including airports, street furniture and…

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Elliott builds a position in Workday after software company unveils a multiyear plan to boost value

A sign is posted in front of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty Images Company: Workday (WDAY) Business: Workday is a provider of an artificial intelligence platform to help organizations manage their people, money and agents. The company provides over 11,000 organizations with cloud solutions powered by AI…

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Sachem Head is pushing for a Performance Food merger. Here’s why a deal makes sense

Company: Performance Food Group (PFGC) Business: Performance Food Group is a food and foodservice distribution company that operates through three segments: foodservice, specialty (formerly “Vistar”), and convenience. Its foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. Its…

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Elliott’s plan for PepsiCo includes investing in some of its iconic brands, shedding others

Company: PepsiCo Business: PepsiCo is one of the world’s largest consumer packaged goods companies, with a portfolio of some of the most iconic brands in food and beverage. Its brands include: Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Its segments include Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); PepsiCo Beverages…

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Elliott sees opportunities to create value at warehouse REIT Rexford Industrial

Timon Schneider | SOPA Images | Lightrocket | Getty Images Company: Rexford Industrial Realty (REXR) Business: Rexford Industrial Realty is a self-administered and self-managed full-service real estate investment trust (REIT). The company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. It acquires, owns, improves, redevelops, leases and manages industrial…

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Medtronic makes two key additions to its board. How activist Elliott can build shareholder value

Michael Siluk | Education Images | Universal Images Group | Getty Images Company: Medtronic PLC (MDT) Business: Medtronic PLC is an Ireland-based company, which provides health-care technology solutions. The company’s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring;…

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Engine Capital takes a stake in Avantor. Activist sees several ways to create value

Company: Avantor (AVTR) Business: Avantor is a life science tools company and global provider of mission-critical products and services to the life sciences and advanced technology industries. The company’s segments include laboratory solutions and bioscience production. Within its segments, it sells materials and consumables, equipment and instrumentation and services and specialty procurement to customers in…

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Bridgewater Associates sells stake in big Chinese companies

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Hedge fund giant Bridgewater Associates divested from U.S.-listed Chinese stocks in the second quarter, signaling a clear pullback from the market amid rising geopolitical strains and weakening…

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Activist Carronade spots a hidden gem in Viasat’s business. How the firm may unlock value

Viasat offices are shown at the company’s headquarters in Carlsbad, California, on March 9, 2022. Mike Blake | Reuters Company: Viasat Inc (VSAT) Business: Viasat is a global communications and defense technology company that operates at the intersection of secure communications, global connectivity, as well as aerospace and defense technology. The company operates in two…

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