Core Viewpoint - LKQ Corporation has initiated a comprehensive review of strategic alternatives to enhance shareholder value, which may include a potential sale of the Company [1][2]. Group 1: Strategic Review - The Board of Directors is working with advisors to evaluate the Company's strategic alternatives, aiming to identify the best path forward to unlock value not reflected in the current valuation [2]. - There is no set deadline for the completion of this strategic review, and there is no assurance that it will result in any transaction or strategic outcome [3]. Group 2: Company Operations - LKQ Corporation is a leading provider of alternative and specialty parts for repairing and accessorizing automobiles and other vehicles, with operations in North America, Europe, and Taiwan [4]. - The Company offers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services for various types of vehicles [4]. Group 3: Advisory Engagement - LKQ has engaged BofA Securities as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel for the strategic review process [3].

Group 1 - Ontex Group NV has accelerated the appointment of Mr. Laurent Nielly as CEO to January 13, 2026, reflecting the Board's confidence in his leadership capabilities [1] - Mr. Nielly will lead a review of all strategic options to identify opportunities for profitable growth and enhance cash generation and return on investment [2] - A Strategy Committee will be established by the Board of Directors to oversee the review and execution of Ontex's medium- and long-term plans [2] Group 2 - The Board has co-opted Mr. Lorenzo Grabau as a non-executive director to strengthen its composition following the resignation of Mr. Jesper Hojer [3] - Mr. Grabau brings extensive experience in capital markets and strategic transformation, which will support Ontex's strategic and value creation agenda [3] - The initiatives undertaken by the Board demonstrate a commitment to delivering value creation for Ontex's shareholders [4] Group 3 - Ontex is a leading international developer and producer of personal care products, employing around 5,100 people and operating in 11 countries [5] - The company's innovative products are distributed in approximately 100 countries, with its headquarters located in Aalst, Belgium [5]

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is currently undergoing a strategic review process, evaluating multiple acquisition proposals to maximize shareholder value [2][4]. Group 1: Strategic Review Process - The ZIM Board of Directors has received competitive proposals from various strategic parties to acquire all outstanding ordinary shares of the Company [2]. - A revised proposal from an entity led by the Company's CEO Eli Glickman and Rami Ungar was deemed to significantly undervalue the Company and was declined by the Board [3]. - The strategic review is in advanced stages and includes considerations for potential value creation alternatives, such as a sale of the Company and capital allocation opportunities [4]. Group 2: Company Overview - Founded in 1945, ZIM is a leading global container liner shipping company with operations in over 90 countries and services approximately 33,000 customers across more than 300 ports [5]. - The Company employs digital strategies and adheres to ESG values to enhance customer experience and provide innovative logistics services [5]. - ZIM's strategy focuses on agile fleet management and deployment, targeting major trade routes and select markets where it holds competitive advantages [5].

Core Viewpoint - Mediterranean Shipping Company (MSC) has denied interest in acquiring ZIM, eliminating one potential acquisition scenario for the container shipping line [1] Group 1: Acquisition Interest - Reports indicated that MSC was a "leading contender" to acquire ZIM, but MSC has confirmed that no bid was ever proposed [2] - Hapag-Lloyd has not denied its interest in acquiring ZIM, while Maersk has also been linked to potential bidding [2][3] - ZIM's board is conducting a strategic review and has received interest from multiple parties, with investment bank Evercore advising them [3] Group 2: Previous Acquisition Attempts - ZIM's CEO Eli Glickman previously led a group that attempted to buy the company for $2.4 billion, but the offer was rejected as it did not meet expectations [4] - ZIM's current market capitalization stands at $2.41 billion as of Monday [4] Group 3: Strategic Partnerships and Reviews - MSC and ZIM currently have a partnership, operating a trans-Pacific Northwest service line and a new trans-Pacific cooperation that began in February [5] - ZIM's strategic review has been influenced by a proxy fight from a minority investor group seeking to replace board members and demand cash reserves distribution [6] - ZIM reached an agreement with the shareholder group to end the proxy fight and expand its board from eight to ten members [7]

Core Viewpoint - Corvex Management LP has accumulated a 6.05% stake in Whitbread PLC and is calling for a strategic review of the company's direction and capital allocation to maximize shareholder value [1][2]. Investment Rationale - Corvex believes that Whitbread's current market price does not reflect its fundamental value, particularly undervaluing its UK freehold hotel portfolio and other significant business components such as the UK leasehold portfolio, German hotel assets, and development properties [2][3]. Strategic Review Proposal - Corvex suggests that Whitbread should conduct a strategic review to reassess its capital allocation priorities and overall strategic direction, ideally with the assistance of an independent financial adviser to ensure an unbiased evaluation of options [3]. - The review should include an assessment of the company's current five-year capital plan, which involves approximately £3.5 billion in investments, nearly equivalent to the company's market capitalization [3]. Board Engagement - Corvex intends to seek representation on Whitbread's Board and aims to collaborate constructively with the company's directors and management to facilitate the strategic review [4].

Group 1 - MacKenzie Realty Capital, a West Coast-focused REIT founded in 2013, aims to invest at least 80% of its total assets in real property and up to 20% in illiquid real estate securities, with a portfolio target of 50% multifamily and 50% boutique class properties [3] - The REIT is currently trading at a discount to its assets, similar to larger publicly traded companies in the sector [3] - MacKenzie has initiated a strategic review of its multifamily portfolio to enhance shareholder value, believing that the net asset value of its multifamily portfolio exceeds its market capitalization [8] Group 2 - Centerspace, which owns over 12,000 units, has begun a review of its strategic alternatives, considering options such as a sale or merger, although no assurance of a transaction has been provided [4][5] - Aimco is in the process of marketing and selling its remaining assets, having recently contracted to sell a seven-property portfolio in Chicago for $455 million [6] - Elme Communities has taken steps toward liquidation by selling a 19-asset portfolio for $1.6 billion in cash [7]

Core Viewpoint - ZIM Integrated Shipping Services Ltd. has reached an agreement with a shareholder group regarding the composition of its Board of Directors ahead of the upcoming Annual Meeting on December 26, 2025 [1][2]. Group 1: Shareholder Agreement - The shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd., and Sparta 24 Ltd. has agreed to withdraw its proxy contest [2]. - ZIM's Board of Directors has approved a unified slate of ten director nominees, including incumbent directors and two additional nominees, Ron Hadassi and Ran Gritzerstein [2][5]. - Dr. Keren Bar-Hava has withdrawn her candidacy for election as a director and will serve as an observer to the Board [3]. Group 2: Support for the Board - Members of the shareholder group express full confidence in ZIM's Board of Directors and support the ongoing strategic review [4]. - The shareholder group encourages all ZIM shareholders to vote in favor of the ten director nominees recommended by the Board [4][5]. - Yair Seroussi, Chairman of ZIM's Board, stated that the agreement reflects strong alignment between the Board and shareholders, allowing the Board to focus on maximizing value for all shareholders [5]. Group 3: Voting Information - ZIM shareholders are encouraged to vote FOR all ten director nominees to support the Board's full slate [6]. - Shareholders who have already voted can change their vote by submitting a new proxy using their original control number [6]. Group 4: Company Overview - ZIM is a leading global container liner shipping company founded in Israel in 1945, operating in over 90 countries and serving approximately 33,000 customers in more than 300 ports worldwide [7]. - The company leverages digital strategies and ESG values to provide innovative transportation and logistics services [7]. - ZIM's strategy focuses on agile fleet management and deployment, covering major trade routes with a competitive advantage in select markets [7].

Core Viewpoint - MacKenzie Realty Capital, Inc. has initiated a strategic review of its multi-family portfolio to enhance shareholder value, believing that the net asset value of this portfolio significantly exceeds its current market capitalization [1][2]. Company Overview - MacKenzie Realty Capital, Inc. is a West Coast-focused Real Estate Investment Trust (REIT) founded in 2013, aiming to invest at least 80% of its total assets in real property and up to 20% in illiquid real estate securities [2]. - The company's real property portfolio is intended to be approximately 50% multifamily and 50% boutique class A office, currently comprising interests in 5 multifamily properties, 8 office properties, and 1 multifamily development [2].

Core Viewpoint - NN, Inc. has formed a Strategic Committee to explore various strategic and financial alternatives aimed at enhancing shareholder value [1][2][3] Group 1: Strategic Committee Formation - The Strategic Committee consists of three independent directors: Raynard Benvenuti, Jeri Harman, and Thomas Wilson [2] - The committee's role is to evaluate a wide range of strategic, financial, and business configuration options for the company [2] Group 2: Company Achievements and Future Focus - The Board's decision reflects a commitment to maximizing shareholder value, with recent accomplishments including strengthening the executive team, expanding operating income and EBITDA, and building a new sales pipeline exceeding $800 million [3] - The company has secured approximately $200 million in new business, entered medical and data center markets, and developed a healthy M&A pipeline [3] - NN is positioned for growth and aims to advance its transformation plan while delivering high-quality products and services [3] Group 3: Advisory Engagement - NN has engaged Houlihan Lokey as its financial advisor to assist in the strategic review process [2] - There is no set timetable for the completion of the review, and the company will provide updates only upon the Board's approval of specific actions [3]

Core Viewpoint - ZIM is facing a proxy fight initiated by an investor group that controls over 5% of its stock, while the company is undergoing a strategic review that may include a sale [1][4]. Group 1: Proxy Fight and Board Dynamics - An investor group led by Mor Gemel & Pension Ltd., Reading Capital Ltd., and Sparta 24 Ltd. has nominated three directors to ZIM's board [1]. - ZIM disclosed the proxy fight in a letter to shareholders, raising concerns about the investor group's transparency due to a lack of required disclosures [2]. - Institutional Shareholder Services (ISS) supports ZIM's board, recommending shareholders vote for all eight current directors and against the three nominated by the investor group [2]. Group 2: Strategic Review and Acquisition Interest - ZIM's board confirmed a strategic review process, which may involve a sale, and has received multiple indications of interest from potential bidders [4]. - Reports indicate that ZIM has received at least three acquisition offers, including one from Hapag-Lloyd [4]. - The board has engaged independent financial and legal advisors to assist in the review process and has formed a transaction committee [5]. Group 3: Management and Shareholder Relations - The board unanimously determined that a takeover bid from CEO Eli Glickman and shipping tycoon Abraham Ungar materially undervalued the company [5]. - The board criticized the dissident group for not engaging meaningfully on the issues raised and for submitting nominations without prior discussion [6]. - The board's letter suggests that the dissident group's campaign is based on misleading assumptions regarding the strategic review process [5][6].