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ACTIVIST-INVESTOR

The Vine
Activist investors find hot commodity in CSX
Source: The Jacksonville Times-Union

Jacksonville-based railroad CSX Corp. is attracting more attention from activist investors, with filings with the Security and Exchange Commission revealing that billionaire Carl Icahn purchased 2.6 million of the company's shares.

Tech Confidential Blog: Chapman's new scalp
Source: techconfidential.thedealblogs.com

Bob Chapman is pure gold.....

What Does Lampert Want with Citi?
Source: Business Week

Shares of Citi rose May 16 on news that hedge fund mogul Edward Lampert, the head of ESL Investments, had acquired a small stake in the market-lagging financial supermarket.

Challenge to Ford family rule fails again
Source: The Detroit Free Press

Chrysler isn't the only car company where people want change....

Icahn Appears to Fall Short at Motorola
Source: The New York Times

Carl Icahn's attempts to shakeup the board at Motorola by gaining a board seat and start moving the company in a different direction have failed.

Fortune Hunter
Source: Portfolio.com: Top 5

An in-depth article behind Boone Pickens, the legendary activist investor and takeover king.

Lifting the Lid: Mutual funds becoming shareholder activists
Source: The San Diego Union-Tribune

The world's largest mutual fund firm is about to take on an unlikely title: activist shareholder.

The Razr story: Now what?
Source: chieftain.com

This article supports Carl Icahn's view concerning Motorola's woes.

Marriott CEO surprised by Wall Street reaction
Source: Toronto Star

Some shareholders are concerned about Marriott's board of directors despite their re-election. Shareholders re-elected to the board former Smithsonian Institution secretary Lawrence Small, who resigned from the museum complex last month following criticism over his expenses.

Comverse Investors Can Nominate to Board | Chron.com - Houston Chronicle
Source: The Houston Chronicle

Amid a dissident investor's attempt to win board seats, Comverse Technology Inc. has amended its bylaws to allow large, long-term shareholders to nominate directors to the company's board without the hassle and cost of waging a proxy fight.

AstraZeneca to Buy MedImmune for $15.6B
Source: amny.com

Pharmaceutical companies are turning to vaccines to grow because the market has few producers and a reduced risk of generic competition. Interest was spurred by the emergence of the deadly strain of bird flu in Asia with no vaccine to protect against it.

Some funds quietly urge change - baltimoresun.com
Source: The Baltimore Sun

High-profile investors such as Carl C. Icahn have helped define the image of activist shareholders by storming into companies and pushing for change.

Stockpickr: Investing the Carl Icahn Way
Source: TheStreet.com

Carl Icahn has been on a tear lately. The corporate raider-turned-activist investor has basically run roughshod over corporate America in the past two years, taking no prisoners.

Activist Track: No Rest for eSpeed
Source: TheStreet.com

Chapman Capital is at it again and the changes look promising.... A heated battle has been shaping up between electronic bond trading company eSpeed (ESPD - Cramer's Take - Stockpickr - Rating) and activist investors Chapman Capital and WC Capital.

FT Alphaville » Blog Archive » Who's top dog in the world of activism?
Source: FT.com

A list of some of the characters in activist investing..... Activism is on the up - that much is for sure. But who in the world of sabre-rattling activist investing holds the most sway?

Sprint shares up after report of activist investor | Technology, Media & Telecom | Reuters
Source: Reuters

Shares of Sprint Nextel Corp. (S.N: Quote, Profile, Research) rose 2.6 percent on Thursday after a report that a shareholder had built up a stake of nearly 1 percent and was calling for major changes at the No. 3 U.S. wireless service.

GigaOM » Sprints own activist investor
Source: GigaOM

The Wall Street Journal published an article this morning about disgruntled investor Ralph Whitworth, whos investment firm reportedly owns a $500 million stake, or almost 1%, of Sprint (Reuters report here).

3i explores £1bn activist fund - Independent Online Edition > Business News
Source: Independent.co.uk

3i, the FTSE 100 buyout company, has hired investment bank Rothschild to explore raising a groundbreaking £1bn fund to invest in publicly quoted companies.

Investor pressures Applebee's to close 24 restaurants in cost-cutting move
Source: belleville.com

The news came a day after the company filed its preliminary proxy for its annual meeting, advising shareholders not to vote for a slate of four directors offered by hedge fund Breeden Partners LP.

Chicago Sun: So long, Moto
Source: suntimes.com

The Carl Icahn shake-up continues.

Bloomberg.com: Worldwide
Source: Bloomberg.com

MBIA Inc., owner of the world's largest bond insurance company, should fire its top executives, return management bonuses and reimburse its insurance unit for losses related to tax liens, according to investor Pershing Square Capital Management LP.

CFO to Activist Investor: "F*ck You!"
Source: dealbreaker.com

Mr. Shahbazian reacted temperamentally to Mr. Chapman with the eloquent response, "@!$%# you!" Mr. Chapman then forcefully informed Mr.

Billionaires eye area firms: Activist investors aim to influence publicly traded companies
Source: -

This article is a pretty good summary of recent activist investor events. At the same time, this quote from a finance professor shows that no one is perfect. "Not every activist investor has a better strategy, even though they may think they do," Ritter said.

Barbarians back at the gate - and thinking big | Business | The Observer
Source: Guardian Unlimited

Never before has the shadow of private equity loomed so large over companies listed on the London stock market. 'It is the sheer scale of what these firms are prepared to take on that has changed,' says Niall Paul, head of UK equities at Morley Fund Management.

Icahn bids for chunk of home builder
Source: CNN

It's amazing what news like this does for a stock. Activist investors know how to unlock value (sometimes in sleazy ways, of course).

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