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 WatchReports 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 CapitalThe 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.