Jeffrey Jacobovitz, Arnall Golden Gregory attorney, and Jeffrey Sonnenfeld of Yale School of Management, discussed, on CNBC’s Media Money, Time Warner Inc. (NYSE:TWX)’s move to block shareholders from calling a special meeting in order to thwart Twenty-First Century Fox Inc (NASDAQ:FOX)’s takeover bid. Jeffrey Sonnenfeld considers that from a corporate governance perspective, what Time Warner Inc. (NYSE:TWX) did was a good idea. “It slows down some of the frenzy of this deal and basically there is a provision that they had in their bylaws,” he said. However, there are bylaws which require annual re-election. This makes Time Warner Inc. (NYSE:TWX) a…
Author: Andrei Braghis
John H. Scully seems to be fond of Equinix Inc (NASDAQ:EQIX) and has further increased his fund’s stake in the company. According to a recent Form 4 filing with the Securities and Exchange Commission, SPO Advisory Corp has acquired 74,900 shares in six transactions at prices varying between $177.19 and $179.93 apiece. Following this move, the fund is holding a little over 5.48 million shares. Barry Rosenstein, the manager of Jana Partners, has increased his fund’s stake in Equinix Inc (NASDAQ:EQIX) during the last quarter of 2013 by 50%, taking it to a little over 3.01 million shares. John Paulson, the billionaire…
Brian Jackelow, the manager of SAB Capital Management, has decided to limit his fund’s exposure to Altisource Asset Management Corp (NYSEMKT:AAMC) and has sold 13,200 shares, according to a recent Form 4 filing with the Securities and Exchange Commission. Jackelow has first bought 800 shares in 5 transactions at prices between $949 and $978.85, but has then sold 14,000 shares in one transaction at $972 apiece. As a result, SAB Capital Management currently holds approximately 222,200 shares. Ben Gambill, the manager of Tiger Eye Capital, is also optimistic about Altisource Asset Management Corp (NYSEMKT:AAMC) and has increased his fund’s investment…
Jonathan Kolatch, the manager of Redwood Capital Management, has identified StealthGas Inc. (NASDAQ:GASS) as a good investment opportunity and has initiated a new position. According to a recent filing with the Securities and Exchange Commission, Redwood Capital Management has acquired a little over 2.14 million shares, which account for 5.4% of the company’s common stock. James Dinan, the manager of York Capital Management, is also keeping an eye on StealthGas Inc. (NASDAQ:GASS), with his fund holding 1.5 million shares, according to it’s latest 13F filing. Hedge fund guru, Jim Simons is also betting on this stock and has increased his…
Ken Griffin and his fund, Citadel Investment Group, have revealed an increase in their holding of Cornerstone OnDemand, Inc. (NASDAQ:CSOD). According to a recent filing with the Securities and Exchange Commission, Citadel and Griffin now hold approximately 2.74 million shares, which account for 5.2% of the company’s common stock. In another recent filing, Citadel and Griffin have revealed a massive increase in their stake in Ultra Petroleum Corp. (NYSE:UPL): from 94,388 to approximately 8.74 million shares, or 5.7% of the total number of shares outstanding. Donald Chiboucis is also a fan of Cornerstone OnDemand, Inc. (NASDAQ:CSOD), having boosted his…