Category: activist investors

Activists Looking to Gain More Power in Company Elections

New election rules imposed by U.S. regulators have many firms worried about shareholder activists becoming members of company boards. The Securities and Exchange Commission (SEC) recently finalized revisions to corporate director election rules by mandating that companies must provide shareholders voting through proxy a “universal ballot.” According to outgoing rules, shareholders voting via proxy (like…


Starboard Acquires Stake Worth $800 Million in GoDaddy

Activist investor Starboard Value LP has purchased a 6.5 percent stake in web services firm GoDaddy Inc. worth about $800 million, according to a regulatory filing with the Securities and Exchange Commission. Shares of GoDaddy, which have dropped 8 percent so far this year, rose 2.6 percent in premarket trading. Starboard said that GoDaddy’s shares…