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Kraft Heinz Unlikely To Buy Danone, Analyst Says
Monday, August 21, 2017 - 9:56am | 396Read More...The food sector could see a major M&A move amid pressure from an activist investor. Keith Meister's hedge fund Corvex Management owns a $400 million stake of the France-based company Danone and is could be behind a push to sell the company, the New York Post reported. But Meister's campaign to...
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Keith Meister's Bullish Stance On Pandora 2.0
Friday, June 9, 2017 - 3:04pm | 345Read More...Activist investor Corvex Management has been heavily involved in Pandora Media Inc (NYSE: P) stock since last year and was likely disappointing with the stock's performance and the company's direction — until Friday. Pandora's stock hit a new multi-year low of $8.14 on Wednesday but the...
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Corvex's Keith Meister Talks Strategy, Recent Success In Bio-Rad
Thursday, April 27, 2017 - 1:58pm | 393Read More...Keith Meister, founder of Corvex Management, was interviewed by CNBC's David Faber at the 13D Monitor's 8th annual Active-Passive Investor Summit. Meister said he will be presenting a case-story on how an activist investor can collaborate with a company to achieve mutually desired outcomes...
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Signet Jewelers May Have Just Lost A Major, Long-Time Shareholder
Thursday, January 12, 2017 - 4:46pm | 204Read More...Corvex Management has sold its 3.459 million shares of Signet Jewelers Ltd. (NYSE: SIG), according to a source familiar with the matter. Stock values plunged after investors learned of the block trade, which sold at $83.75 a share. Thursday’s news is just the latest in a long history between...
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Hedge Funds Issue Open Letters
Tuesday, September 13, 2016 - 9:55am | 608Read More...Monday was a busy day for the hedge fund sector as several notable firms issued public letters. Corvex Management To Williams' New Board Members Keith Meister's Corvex Management is one of the largest shareholders of Williams Companies Inc (NYSE: WMB). On Monday, the fund wrote a letter to Stephen...
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Activist Investor Says Pandora Is 'Pursuing A Costly And Uncertain Business Plan'
Tuesday, May 17, 2016 - 10:01am | 304Read More...Corvex Management is an activist investment firm and also Pandora Media Inc (NYSE: P)'s largest shareholder, holding a 9.9 percent stake in the issue. On Monday, Corvex's Managing Partner Keith Meister delivered a letter to Pandora's Chairman of the Board James "Jim" Feuille. The investment manager...
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Activists Getting More Active: 13D Filings Volume Doubled Since 2012
Thursday, April 14, 2016 - 8:35am | 359Read More...Activists are getting increasingly activist, according to an Activistmonitor report. Data compiled by this platform, which comprises “predictive intelligence and behavioral data on shareholder activism,” showed that the top 20 shareholder activists* in North America have been increasing...
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Corvex Management Lowers Stake In Signet Jewelers To 7.1%
Tuesday, January 5, 2016 - 11:18am | 144Read More...Shares of Signet Jewelers Ltd. (NYSE: SIG) traded lower by nearly 1 percent on Tuesday after Corvex Management disclosed it holds a 7.1 percent stake in the company. A 13D filing dated March 26 indicated Corvex Management held a 7.2 percent stake in Signet Jewelers, while a similar filing from...
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Keith Meister: Yum! Brands Is Well-Managed And Has Great Forward Opportunities
Monday, May 4, 2015 - 3:08pm | 383Read More...Yum! Brands, Inc. (NYSE: YUM) hit an all-time high of $94.13 on Monday. Shares of the company surged on back of comments made by Corvex Management founder and CIO Keith Meister at the Ira Sohn conference, revealing that his hedge fund owns $1.5 billion of Yum's stock. Additionally, Meister...
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Markets Unable To Hold On To Gains As Oil Continues To Plunge
Tuesday, October 14, 2014 - 4:47pm | 2414Read More...U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...
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Market Wrap For March 19: Yellen Hints of Higher Rates & Sooner Than Expected End To Taper
Wednesday, March 19, 2014 - 6:03pm | 2470Read More...The Fed announced that it will increase its tapering by a further $10 billion in addition to dropping the 6.5 percent unemployment rate threshold which has been the target rate to hike the Fund Funds rate. Thirteen of 16 Fed officials expect the Fed Funds rate to rise by the end of 2015. The...
