Starboard set to win eight board seats at GCP Applied Technologies-sources

(Reuters) – Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc (GCP.N) at the chemical company’s annual meeting, people familiar with the matter said on Wednesday. While not all votes have been cast before Thursday’s annual meeting and the Continue Reading

Retailers already hit by coronavirus board up as U.S. protests rage

FILE PHOTO: People walk past boarded up stores as demonstrations against the death in Minneapolis police custody of George Floyd continue, in Minneapolis, Minnesota, U.S., May 30, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – Retail giant Target Corp said on Sunday it shuttered stores across the United States as retailers Continue Reading

Valaris settles with Luminus, hands board seat to hedge fund

BOSTON (Reuters) – Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund’s partners to its board. Luminus’ Adam Weitzman, an expert in offshore oil drilling who has experience in debt and equity capital markets and Continue Reading

U.S. court rules against Maduro bid to oust opposition-backed Citgo board

HOUSTON (Reuters) – The board of Citgo Petroleum appointed by Venezuela’s congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro’s efforts to retake control of the Texas-based refiner. FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., Continue Reading

Neuberger urges Verint shareholders to back its three board nominees

(Reuters) – Asset manager Neuberger Berman on Monday urged the shareholders of data analytics company Verint Systems to vote for its three director nominees after the company rejected them last month. In a public letter to shareholders, Neuberger, which holds 2.6% stake in the company, said Verint should transition to Continue Reading