Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

NEW YORK (Reuters) – Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday. “A record 99 campaigns with an M&A-related Continue Reading

Italy’s Del Vecchio calls on Mediobanca to grow through M&A

MILAN (Reuters) – Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. FILE PHOTO: Milan’s business district skyline is seen from downtown Milan, Italy , January 13, 2016. REUTERS/Stefano Rellandini/File Photo The 84-year-old Continue Reading

Germany’s Aareal conducts strategic review following calls from investor

FRANKFURT (Reuters) – German real estate lender Aareal said on Monday it had embarked on a strategic review following calls from an activist investor to consider the sale of its software unit Aareon. Hermann Merkens, Aareal’s chief executive officer, wrote in a letter to the shareholder, Teleios Capital Partners, that Continue Reading

Investor group calls on Lyft to scrap dual-class share structure plan: FT

An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. REUTERS/Mike Blake (Reuters) – A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches Continue Reading