Monthly Archives: September 2018

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Senvest Sends Letter to NorthStar Realty Europe

The Board of Directors  NorthStar Realty Europe Corp. 590 Madison Avenue, 34th Floor New York, New York 10022 Dear Members of the Board: Senvest Management, LLC (“Senvest Management” or “we”) advises private investment funds that, as of September 24, 2018, own 4,757,009 shares of common stock of NorthStar Realty Europe Corp. (“NRE” or the “Company”), equal…

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Micro-Cap Nxt-ID to Spin Off Payments Unit

SEBASTIAN, Florida, September 21, 2018 /PRNewswire/ — Nxt-ID, Inc. (NASDAQ: NXTD) today announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute shares of the newly created company to its shareholders through the execution of a spin-off, which the Company believes will qualify as a tax free distribution. Immediately following…

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KLX Inc. Completes Spin-Off of KLX Energy

WELLINGTON, Fla., Sept. 17, 2018 (GLOBE NEWSWIRE) — KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today that it has completed the previously announced spin-off of KLX Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ: KLXE) from KLX. At 11:59 p.m. Eastern time on September 14, 2018, KLX distributed all outstanding shares of KLX Energy Services common stock to KLX shareholders at a distribution ratio of…

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Atlantic: OI Shares Could More Than Double

September 13, 2018 Mr. Andres Lopez President and Chief Executive Officer Owens-Illinois, Inc. One Michael Owens Way Perrysburg, OH 43551 Dear Andres: It was good to meet with you, CFO Jan Bertsch and Treasurer Dave Johnson yesterday at our office in New York, following your presentation at the Credit Suisse Conference where you provided an…

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Marathon Sends Letter to e.l.f. Beauty’s Board

Purpose of Transaction. Item 4 is hereby amended to add the following: On September 12, 2018, Marathon Partners delivered a letter (the “Letter”) to the Issuer’s CEO and Chairman of the board of directors (the “Board”) recommending, among other things, that the Board pursue cost-cutting measures that focus on profitable growth or strategic alternatives, including…

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Ex PM Pushing for Changes at Destination XL

September 11, 2018 Glenn J. Krevlin 600 Fifth Avenue, 11 FL New York, NY 10020 Corporate Secretary Destination XL Group, Inc. 555 Turnpike Street Canton, MA 02021 To the Board of Directors: I have had an equity interest in Destination XL Group Inc. (“DXLG” or the “Company”) since 2001, actively listening to nearly every earnings call…

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Australian Brambles to Separate IFCO

Sydney – 24 August 2018: Brambles has today announced that following a strategic review of its portfolio, it intends to pursue a separation of its IFCO RPC business through a demerger. To ensure optimal shareholder value is achieved, a sale of IFCO will also be evaluated. The separation of IFCO from Brambles will optimise shareholder…

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DowDuPont Files Form 10 for Dow Holdings

Dear DowDuPont Stockholder: As previously announced, DowDuPont Inc. (“DowDuPont”) intends to separate into three independent, publicly traded companies—one for each of its agriculture, materials science and specialty products businesses. We are pleased to inform you that on [●], our board of directors approved the first step in this plan: the separation of our materials science…