Wednesday, September 27, 2006
America Talk (NDAQ:TALK)
13D/A Filing by Flagg Street Capital
Flagg Street Capital - a 9% shareholder in the company - said today that the company's proposed buyout at $8.10/share does not reflect the full value of the company. The fund told the company that they, along with other large shareholders, would like to see a buyout at a higher price.

McDonalds Corporation (NYSE:MCD)

Company Watch
Reports surfaced today indicating that Bill Ackman of Perishing Square wants to buy $2 billion more in stock and may engage in a proxy battle to help unlock shareholder value. Perishing was involved with McDonalds in the past when they tried to convince the resturant chain to spinoff some of its real estate holdings; however, the measure failed after McDonalds instead agreed to special dividends and other measures to increase shareholder value.

Nabi Biopharmaceuticals (NDAQ:NABI)
Response to Third Point's 13D/A Filing
Nabi told investors today that it had retained the Bank of America to assist it in its efforts to seek strategic alternatives in order to unlock shareholder value. The company has been under increasing pressure lately by activist hedge fund Third Point, who criticized management's lack of action in the past and resistance to providing relevent financial information to investors.

P.H. Glatfelter (NYSE:GLT)
13D Filing by Pirate Capital
The company revealed today that activist hedge fund Pirate Capital had raised its stake in the company to 5.7%. Pirate Capital is well known as a champion of shareholders that will stop at nothing to unlock value - even if it means liquidating the company. The fund also received some press lately after it failed to disclose a series of divestures in OSI Restaurants and other holdings.