Take-Two recommended that its shareholders reject Electronic Arts’ $26/share purchase, with Take-Two chairman Strauss Zelnick citing…
“With one of the strongest portfolios of intellectual property in our business, a superb creative and business team, and a revitalization plan that is beginning to deliver results, Take-Two is uniquely positioned to create stockholder value in an industry that […]
Uber-activist Carl Icahn must not blogging (http://icahnreport.com/) because he is simply too busy wheeling and dealing and suing companies.
Icahn rejected Motorola’s offer of two board seats, demanding that he have four.
And Icahn remains serious about his proxy fight, sending more than signals to Motorola management. He is now suing Motorola for “deep access” into the […]
Circuit City has executed 316 turnaround plans (slight exaggeration) in the last several years. And some investors think the electronics retailer is due for another one.
Wattles Capital Management, D.E. Shaw, and HBK Investments have increased their ownership in Circuit City and are campaigning for serious change.
What change exactly?…
“I haven’t talked to a single shareholder who didn’t agree there needs […]
The New York Times is reporting that JP Morgan Chase is exploring the possibility of raising its $2/share offer for Wall Street rival Bear Stearns, up to $10/share.
This whopping 400% increase is the direct result of shareholders and employees (Bear Stearns employees own 1/3 of the firm) threatening to vote “no” on any sale proxy at […]
That was absolutely fantastic on Yahoo’s part this week to delay its deadline for nominating a board slate.
Funny… can’t Microsoft just nominate a rival slate of directors tomorrow? Don’t we all know that Microsoft’s nominees are going to be different than Yahoo’s?
I keep having the feeling that Yahoo is like that kid is who standing in front of […]
Carl Icahn may not be blogging, but his proxy fight with Motorola is starting to simmer. As Reuters reports, Motorola has reshuffled its marketing leadership, just one day after urging shareholders to reject Icahn’s rival slate of directors.
For more, click here.
I have had some time to ruminate over Take-Two chairman Strauss Zelnick’s public statement, turning down Electronic Arts’ $26 per share bid.
His statement was as follows:
“Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.”
What does “the wrong time” mean? Is […]
Another potential major proxy fight on our hands? Perhaps.
Take-Two’s chairman Strauss Zelnick proudly declared yesterday, “Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.” $26 per share is not enough. In other words, Strauss must think the entire stock […]
As predicted earlier, the Microsoft-Yahoo ordeal is slowing turning into what could be the most fascinating proxy contest ever.
The Washington Post provides a great piece today on the strategy involved for Microsoft. Perhaps for the first time ever, a proxy contest has been called a “less-expensive alternative” (see the math in the 2nd paragraph). In […]
Very funny post written by Dominic Jones at IR Web Report, poking fun at Yahoo’s investor relations department.
As the poorer little brother to Yahoo’s media relations department, Yahoo’s IR department is wasting shareholder dollars while implementing a shoddy strategy.
For more, click here.
