Slater Investments slaps down Miami fund’s £482m Randall & Quilter takeover bid May 10, 2022 A major investor in AIM listed insurer Randall & Quilter has rejected a £482m offer to take the company private, after claiming the offer is too low. Slater Investments, which owns a 10 per cent stake in the Bermuda based firm, rejected Brickell’s offer, after slamming the Miami headquartered fund’s offer to pay 175p-per-share. “In [...]
Activist investor Bramson muscles in on Navient after Barclays defeat December 20, 2021 Sherborne Investors, the fund led by activist investor Edward Bramson, has muscled in on Navient and built a stake of around 16 per cent in the US-based student loan management company, it said today. Seven months after the fund admitted defeat in its three-year campaign on Barclays, in which it pressured the lender to oust [...]
Analysts ponder whether activist fund Elliott is more in need of a ‘shake-up’ than the firms it invests in December 15, 2021 Activist investor Elliott has ramped up its pressure on UK businesses this year, taking on builder Taylor Wimpey, pharmaceuticals firm Glaxo Smith Kline, and energy giant SSE. It took a sizeable top-five stake in SSE in September and last week wrote a ten-page letter to the firm’s chairman Sir John Manzoni criticising the firm’s CEO [...]
DX Group caves in to activist investor pressure and appoints Gatemore to board December 13, 2021 AIM-listed delivery company DX Group this morning announced it has appointed the managing partner of Gatemore Capital Management to its board, just two weeks after the activist fund demanded a seat in order to address governance issues. Liad Meidar, Gatemore’s managing partner, has been appointed as a non-executive director “with immediate effect”, the mail and [...]
Activist investor Elliott takes stake in Taylor Wimpey and calls for change December 11, 2021 Activist investor Elliott Investment Management has called on Taylor Wimpey to make major changes in the company’s leadership, which it has blamed for the builder’s falling share price, according to reports. The news comes days after Taylor Wimpey’s chief executive officer Pete Redfern announced his resignation after 14 years. Shares at the time were 29 [...]
DX Group shares regain some ground after activist fund Gatemore builds stake and demands seat on board November 29, 2021 AIM-listed delivery company DX Group’s shares jumped as much as 13 per cent today after activist fund Gatemore Capital Management sent a letter to the company announcing it had built a substantial stake and requested a seat on its board. In a letter to DX Group’s board members this morning, Gatemore said it had accumulated [...]
Activist fund Gatemore buys stake in DFS and warns of buyout vulnerability November 10, 2021 Gatemore Capital management has bought a stake in DFS and told its fund investors that the sofa chain is undervalued by public markets and thus ripe for a private equity bid. Adding to its roster of listed British retailers, which includes Moss Bros, French Connection and Superdry, the activist fund told investors last month that [...]
Activist investor Cevian amps up pressure on Pearson, one year in to new CEO’s overhaul October 31, 2021 Activist investor Cevian Capital has built up its stake in the world’s largest education company Pearson, a year after new chief executive Andy Bird joined with a promise of a “new era” for the beleaguered group. The Swedish investor is now Pearson’s second largest shareholder, indicating it plans to heat up pressure on the publisher [...]