Salesforce settles with activist shareholder, does peace return?
Salesforce is engaged in a hefty battle at the board level with several activist shareholders. These believe that Salesforce is performing far below its potential and that things must improve. Revenue and especially profit needs to go up. One of the demands of Elliot Management, the largest activis... Read more
Dell Technologies wants to pay $1 billion to settle 2018 lawsuit
The lawsuit alleges that Dell Technologies "shortchanged" its shareholders.
This week, Dell agreed to pay shareholders $1 billion to settle claims of improperly informing them in 2016, when the company used their shares to finance its $67 billion purchase of EMC. The financing of the acquisition... Read more
Aveva shareholders attempt to thwart acquisition by Schneider Electric
Two major Aveva shareholders are opposing the proposed acquisition of Aveva by Schneider Electric. In their view, the bid of 11 billion euros (9.5 billion British pounds) is too low.
The two major shareholders, Mawer Investment Management and M&G Investments, consider the bid to be opportuni... Read more
Zendesk investors favour $10 billion takeover
Zendesk announced that its shareholders approved a $10.2 billion acquisition by the private investors Permira and Hellman & Friedman.
Zendesk develops CRM software for more than 200.000 customers. The company strives to create growth and innovation through flexible and custom solutions.
I... Read more
Toshiba’s third-largest shareholder opposes the conglomerate’s plan to split itself up
On Friday, one of Toshiba's biggest shareholders called on the Japanese corporation to pursue buyout proposals, joining a cacophony of stakeholders who rejected its plan to split itself.
Farallon Capital Management, Toshiba's third-largest shareholder with a holding of more than 6%, said in a st... Read more
Zendesk shareholders call off the acquisition of Momentive
Zendesk's proposed acquisition of Momentive will not go through. Zendesk's stakeholders decided against the plan.
At the end of last year, Zendesk announced that it wanted to acquire software developer Momentive, which made its mark with SurveyMonkey.
Zendesk proposed the acquisition of a maj... Read more
Toshiba regrets colluding with government to strong-arm its shareholders
Toshiba has released an open letter regarding recently publicized information from an independent investigation, which found that the company pressured shareholders into voting a certain way. The company says in the letter that it acknowledges the actions and that they have impacted trust.
The l... Read more