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Travis Kelce joins activist investor Jana Partners in push to revive Six Flags
CNBC· 2025-10-21 19:56
Travis Kelce of the Kansas City Chiefs celebrates with Taylor Swift after victory against the Baltimore Ravens on January 28, 2024 in Baltimore, Maryland.NFL star Travis Kelce is teaming up with activist investor Jana Partners in a bid to help reshape the future of Six Flags Entertainment Corp.Jana announced on Tuesday that it has partnered with Kelce, consumer executive Glenn Murphy and technology executive Dave Habiger in an investment group that now holds an economic interest of roughly 9% in the amuseme ...
Exclusive: Activist HoldCo owns Eastern Bankshares stake, pushes for sale, sources say
Reuters· 2025-10-17 13:10
Activist investor HoldCo Asset Management has built a sizable position in Eastern Bankshares and wants the storied Boston financial institution to put itself up for sale, instead of buying up other ba... ...
Bill to cut workforce by 6%
Yahoo Finance· 2025-10-17 10:59
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Bill Holdings will cut its workforce by 6%, CEO René Lacerte announced in a Wednesday company message to employees. That’s equal to about 140 employees, based on headcount as of the end of June. “After careful consideration, the executive team has made the decision to reduce our workforce by 6%,” Lacerte said in the website post. The billing softwa ...
Exclusive: Activist Irenic builds stake in Workiva, pushes for board seats
Reuters· 2025-09-29 14:03
Core Viewpoint - Irenic Capital Management has acquired a significant stake in Workiva, emphasizing the need for the company to enhance its operating efficiency, refresh its board, and consider a potential sale [1] Group 1 - Irenic Capital Management has built a sizable stake in Workiva [1] - The investment firm argues that Workiva needs to improve its operating efficiency [1] - There is a call for Workiva to refresh its board [1] - Irenic Capital Management suggests that Workiva should consider a potential sale [1]
Activist Engine Capital pushes for changes at Acadia Healthcare
Reuters· 2025-09-24 13:16
Activist investor Engine Capital sent a letter to Acadia Healthcare's board on Wednesday asking the company to explore a potential asset sale and add new directors to its board. ...
Medtronic Plc (MDT) Presents At Wells Fargo 20th Annual Healthcare Conference 2025 (Transcript)
Seeking Alpha· 2025-09-04 19:43
Core Viewpoint - Elliott Management believes the company’s growth is inflecting and sees an opportunity to create shareholder value, while also indicating that there are areas for improvement that the company should address [1] Group 1 - Elliott Management is an activist investor, suggesting that they have specific expectations for the company’s performance and strategic direction [1] - The company is being asked to identify where improvements can be made to align with Elliott's vision for enhanced shareholder value [1]
Elliott Management looks to put fizz back into Pepsi with $4B stake — as it presses for a turnaround
New York Post· 2025-09-02 18:01
Core Viewpoint - Elliott Investment Management has acquired a $4 billion stake in PepsiCo, aiming to increase the company's stock price by 50% through strategic changes [1][2][6]. Group 1: Investment and Stake - Elliott's investment makes it one of PepsiCo's largest shareholders, contributing to a 6% increase in the company's stock price [1]. - The current stock price of PepsiCo is $151.43, reflecting a recent increase of 1.9% [1]. Group 2: Strategic Plans - Elliott's letter to PepsiCo's board outlines plans to refranchise bottling operations and potentially eliminate under-performing brands [2]. - The activist hedge fund emphasizes the need for PepsiCo to sharpen focus, drive innovation, and enhance efficiency to unlock shareholder value [4]. Group 3: Market Position and Challenges - PepsiCo's soda segment has fallen to fourth place in U.S. sales volume, trailing behind Coca-Cola, Dr Pepper, and Sprite [4]. - The food business, which constitutes 60% of PepsiCo's revenues, is facing pressure due to slowing sales growth and rising costs [7][11]. - The company's market value has decreased to approximately $200 billion, a 25% decline from its peak of $270 billion in May 2023 [11]. Group 4: Historical Context and Comparisons - Previous activist efforts, such as those by Nelson Peltz's Trian Fund Management, have attempted to influence PepsiCo's strategy without success [8]. - Coca-Cola's successful restructuring in 2017 serves as a benchmark for potential changes at PepsiCo, with Coca-Cola's market value now nearing $300 billion [12].