Monthly Archives: June 2012

Highfields’ Activist Filing on Genworth Financial

(Filed by Highfields Capital) The Reporting Persons acquired  the Shares for investment purposes in the ordinary course of their business of  investing in securities for their own accounts or for more accounts over which  the Reporting Persons have investment or voting power.      The Reporting Persons have  maintained an ongoing dialogue with the Issuer’s management…

AOL to Conduct Dutch Auction Tender

AOL Inc. has commenced a modified “Dutch auction” tender offer to repurchase shares of its common stock up to an aggregate purchase price of $400 million. The $400 million aggregate purchase price of shares of common stock sought in the tender offer includes the approximately $40 million remaining from the initial $250 million stock repurchase authorized…

NACCO Industries Files to Spin-Off Division

[In spite of my revulsion against dual-class voting structure, I forced myself to take a look at this situation. NACCO is certainly under-the-radar with near-zero analyst coverage and the stub will probably become even more marginalized given that the spin-off constitutes 75% of revenues. So naturally I feel that the stub could end up selling…

News Corp Confirms Spin-Off

 News Corporation will pursue the separation of its publishing and media and entertainment businesses into two distinct publicly traded companies. The Company believes that a separation of the businesses into distinct public corporations with their own identities and strategies would enhance overall shareholder value and allow each company to: • Focus on and pursue distinct strategic…

Initial 13D on SuperMedia LLC

  (filed by Schultze Asset Mgmt) Since September 30, 2009, the Company successfully eliminated over $8.2 billion in debt through various means including its reorganization, pay downs and tenders. The Reporting Persons initially acquired shares of Common Stock of the Company in exchange for debt claims it owned in connection with the Company’s reorganization. Since…

Ingersoll-Rand Reneges on Offer to Peltz

Since the May 9, 2012 filing of the Schedule 13D, the Trian Group has met with and had conversations with Michael W. Lamach, chairman and chief executive officer of the Issuer, other members of the Issuer’s Board of Directors and senior management team and certain of the Issuer’s financial and other advisers, about the matters…

Singer/Miller Put Board of Cash Rich CCUR on Notice

Singer Children’s Management Trust 212 Vaccaro Drive Cresskill, New Jersey 07626 Phone: (201) 750-0415 Facsimile: (201) 224-2762 Lloyd I. Miller Trust A-4 Milfam II, L.P. 222 Lakeview Avenue, Suite 160-365 West Palm Beach, Florida 33401 Phone: (561) 832-3490 Facsimile: (561) 832-3488 June 20, 2012 Mr. Steve Nussrallah Chairman of the Board Concurrent Computer Corporation 4375…

Starboard Reaches Settlement with IDTI

   Item 4 is hereby amended to add the following:   Over the past week, Starboard and the Issuer have been engaged in discussions in furtherance of reaching an agreement relating to the composition of the Board of Directors of the Issuer (the “Board”), certain matters related to the 2012 annual meeting of stockholders of…

Icahn’s Detailed Follow-Up Letter to Forest Labs

June 18, 2012 Forest Laboratories, Inc. 909 Third Avenue New York, NY  10022 Attention:  Mr. Howard Solomon, Chairman and Chief Executive Officer                     Herschel S. Weinstein, Esquire, General Counsel and Corporate Secretary Re:   Inspection of Books and Records Gentlemen: The Icahn Parties1 collectively are the beneficial holders of approximately 26.4 million shares of common stock…

Neuberger Asks OfficeMax to Return Capital to Shareholders

Mr. Ravi Saligram Chief Executive Officer OfficeMax Incorporated 263 Shuman Boulevard Naperville, IL 60563   Dear Ravi,   Neuberger Berman owns approximately 4,350,000 shares of OfficeMax Incorporated (“OfficeMax”) on behalf of its advisory clients. We pride ourselves on maintaining a long term investment horizon and constructive dialogues with corporate managements. Our investment in OfficeMax has…

Altai Proposes to Fill Board Vacancy at MEMC Elec

(Filed by Altai Capital Mgmt)  The Common Stock held for the account of ACMF or Lancelot was acquired in the ordinary course of the Reporting Persons’ business of purchasing, selling and trading in securities. Depending upon market conditions and other factors that it may deem material, the Reporting Persons may purchase additional securities of the…

MHR Fund Files 13D on Navistar International

(Filed by MHR Fund Management) The Reporting Persons acquired the shares of Common Stock reported herein because of their view that the shares are undervalued. The Reporting Persons may seek to engage in discussions with management and others concerning the business and operations of the Company. (a) Depending upon a variety of factors, including, without…

Bristol Accuses Jaguar Mining’s Board of Value Destruction

June 13, 2012Board of DirectorsJaguar Mining Inc.122 North Main StreetConcord, NH 03301 Dear Members of the Board:Bristol Investment Partners LLC (“Bristol” or “we”) is the largest shareholder of Jaguar Mining, Inc. (“Jaguar” or the “Company”), holding sole voting and dispositive power over 7,285,706 Jaguar common shares, or roughly 8.63% of the common shares outstanding. We…

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