CSX, hedge funds face off in US court
Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in...
View ArticleHedge funds urge CSX shareholders to elect their board slate
CNN Money- Two hedge funds urged shareholders of CSX Corp. on Tuesday to elect their minority slate of five board candidates, arguing that their nominees have more industry experience and a greater...
View ArticleTCI buys shares in Mizuho, Kajima in J-Power fight
Reuters- British investor The Children’s Investment Fund (TCI) said it had bought stakes in Mizuho Financial Group, Kajima Corp, and about eight other shareholders in J-Power, in order to raise...
View ArticleCSX Case Challenges Hedge Funds
New York Post- A looming decision in a heated lawsuit brought by railroad giant CSX Corp. could shut down a loophole used by activist hedge funds to hide their stake from the market. CSX alleges that...
View ArticleUK fund tries new tactic in face of Japanese ban
Guardian Unlimited- The Children’s Investment Fund has bought shares in two major investors in the Japanese company J-Power, weeks after its attempt to double its stake in the electricity supplier was...
View ArticleHedge funds to continue quest for board seats despite ruling
New York (HedgeCo.Net) – The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week. TCI, who runs the Children’s Investment...
View ArticleStalled! CSX vs. the Hedge Funds will Continue
New York (HedgeCo.Net) -The much anticipated annual meeting of railroad operator CSX took an odd turn when results of Board elections were kept from the media and CSX head Michael Ward abruptly ended...
View ArticleJ-Power Wins Shareholder Vote on Payout, Defeats TCI
Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since...
View ArticleTCI Hedge Fund Posts Biggest Monthly Loss in June, FT Reports
Bloomberg- The Children’s Investment Fund Management LLP, a London-based hedge fund, lost more than $1 billion in June, posting its biggest-ever monthly loss, the Financial Times reported. The...
View ArticleCSX Concedes Two Board Seats to Hedge Funds
New York (HedgeCo.Net) – CSX looks to be cutting some slack to the two rebel hedge funds that have been on a quest to restructure their board of directors. The railroad company said that it will give...
View ArticleRuling: Hedge Funds Receive Their Rightful Seats on Board
New York (HedgeCo.Net) – Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle. A U.S. Court of Appeals judge ruled...
View ArticleCSX loses fight to block hedge funds
Florida Times Union – CSX Corp.’s proxy fight with two hedge funds apparently ended Monday, after an appellate court turned down CSX’s attempt to block some of the funds’ votes for the company’s board...
View ArticleCSX Third Quarter Profits Down, Ward Optimistic
New York (HedgeCo.Net) – Jacksonville-based CSX Corp’s profit fell 6.1 percent in the third quarter according to their regulatory filing yesterday, thanks to reduced freight in a sour U.S. economy....
View ArticleShareholder Sues CSX, Hedge Funds Over Short-Swing
CNNMoney.com – A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator’s board in a proxy fight...
View ArticleShareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners....
View ArticleCSX Corp. Sue the Childrens Investment Fund
West Palm Beach (HedgeCo.net) - Transport company, CSX Corporation announced that it has joined in a civil action brought by the plaintiff, shareholder Deborah Donoghue, in federal court in New York...
View ArticleCSX settles case over alleged fund violations
CNNMoney.com - Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. If the settlement is approved by a federal court,...
View ArticleCost of protecting Japan govt debt hits record high
Forbes – The cost of protecting Japanese government debt against default has risen sharply as political uncertainty and worries about the nation’s fiscal position grew after data this week highlighted...
View ArticleJGB futures fall towards 6-mth low on supply worries
Guardian Unlimited – Japanese government bond futures fell on Monday, edging back towards six-month lows hit earlier this month, with traders citing selling by hedge funds on the back of concerns about...
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