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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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Ira Sohn 2017 Conference: Everything You Need To Know
Tuesday, May 9, 2017 - 2:48pm | 809Read More...Some of the largest and most successful investors in the world presented their best ideas this week at the Ira Sohn Conference in New York. In case you missed it, here’s some of the highlights from Benzinga Pro’s coverage of the event: Rundown Of Pro's Sohn Coverage Totem...
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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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4 Winners And Losers: Companies With Chinese Units
Wednesday, November 2, 2016 - 9:27am | 700Read More...The separation is now complete. Yum! Brands, Inc. (NYSE: YUM) consummated the process of spinning off of its Chinese unit as a separate publicly traded company. Christened as Yum China Holdings Inc (NYSE: YUMC), the Chinese-focused business began trading on the NYSE Tuesday under the ticker symbol...
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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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Williams Stock Falls On Back Of Chairman's Resignation
Friday, July 1, 2016 - 2:23pm | 385Read More...Williams Companies Inc (NYSE: WMB) revealed that Frank MacInnis has resigned as chairman of the board of directors, citing personal reasons, effective immediately. According to the company, Kathleen Cooper, a current director and audit committee member, has been replaced chairman of the board....
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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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Is Carl Icahn Building A Position In Time Warner?
Monday, January 11, 2016 - 12:11pm | 183Read More...Shares of Time Warner Inc (NYSE: TWX) were trading higher by 1 percent on Monday after the New York Post reported that Carl Icahn is preparing to mount an activist battle against the company. The New York Post noted that "one well-known activist" has been buying shares of Time Warner. The...
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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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Hedgie Says Yum! Brands Should Spin Off China Unit
Monday, May 4, 2015 - 3:55pm | 339Read More...Yum! Brands, Inc. (NYSE: YUM) could add about 40 percent to its share price by spinning off operations in China, a hedge fund manager said Monday. Keith Meister, head of the $8 billion Corvex Management, made the comment at the Ira Sohn Investment Conference in New York. Corvex is one of Yum...
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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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An Activist's Take On Activism's Increased Popularity
Tuesday, April 14, 2015 - 12:43pm | 416Read More...Although activist investing has been prominent since the '80s, in the last few years it has managed to catch the imagination of even the average investor. The trend has become that average investors are now more interested in buying stocks of companies that involve a strong presence of...
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Why American Realty Capital Properties Is Trading Higher
Tuesday, December 30, 2014 - 10:33am | 295Read More...The seemingly never-ending story of the revolving boardroom door at American Realty Capital Properties Inc (NASDAQ: ARCP) has now taken yet another turn. Activist hedge fund Corvex Management LP, led by former Carl Icahn lieutenant Keith Meister, has revealed a large stake in the...
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Rumble in Real Estate: Corvex vs. CommonWealth
Monday, April 22, 2013 - 3:21pm | 509Read More...If activist investors at the helm of hedge fund Corvex Management, and Related Fund Management, have their way, according to Barrons, shares of real-estate investment trust CommonWealth (NYSE: CWH) could jump 30 percent or more in value. All that’s required, says Carl Icahn’s former right-hand...
