SEC Gives Boost to Investors in Proxy Battles
A regulator says new guidance will prevent companies from "gaming the rules to deny shareowners the right to vote on critical reforms."
IRS Taking Tougher Stance on Some Spinoffs
The agency has "significant concerns" that companies may be disguising taxable transactions as spinoffs to avoid paying taxes.
Activist Investor Takes $1B Position in AmEx
ValueAct Capital is the latest example of activists “moving up the corporate food chain toward larger targets” as their financial firepower increases.
ISS Joins Opposition to $8B Samsung Merger
Proxy advisor says Samsung's argument in favor of combining two of its units “remains vague and unconvincing."
SEC Looking Into Universal Proxy Ballots
Proposal to allow proxy voters to use a single voting form in contested elections could give activists an edge.
Lyft Picks Up $100M Investment From Carl Icahn
Icahn bets on ride-sharing startup, saying it's a "tremendous bargain" compared to Uber.
Activist Fund Forces Tempur Sealy CEO to Quit
The mattress maker's shareholders vote against re-election of the CEO, chairman, and the chair of the board's corporate governance committee.