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Top related persons:
Paul Singer’s Elliott - 1 Daniel Loeb’s - 1 Jerry Black - 1 Antony Currie - 1 Katrina Hamlin - 1
Top related locs:
MUMBAI Kioxia Japan
Top related orgs:
Toshiba - 1 Japan Industrial Partners - 1 Paul Singer’s Elliott Management - 1 Farallon Capital - 1 Thomson - 1

Search resuls for: "Daniel Loeb’s"


3 mentions found


☆ Toshiba gives shareholder management masterclass
  + stars: | 2023-06-09 | by ( Una Galani | ) www.reuters.com   time to read: +3 min
Its limited visibility on the value of the memory-chip specialist was one reason it cited for its earlier restraint. Follow @ugalani on TwitterCONTEXT NEWSToshiba said on June 8 that its board has decided to recommend shareholders accept a tender offer from a group led by Japan Industrial Partners. The tender offer is expected to be launched some time from late July. Among other factors, it cited limited visibility into the value of chipmaker Kioxia, of which Toshiba owns around 40%. In recommending the offer, Toshiba noted the book value of Kioxia’s shares had fallen since its March announcement.
Persons: Paul Singer’s Elliott, Daniel Loeb’s, Jerry Black, Antony Currie, Katrina Hamlin Organizations: Reuters, Toshiba, Japan Industrial Partners, Paul Singer’s Elliott Management, Farallon Capital, Thomson Locations: MUMBAI, Kioxia, Japan
☆ Toshiba buyout heralds a big step back for Japan
  + stars: | 2023-01-20 | by ( Una Galani | ) www.reuters.com   time to read: +7 min
MUMBAI, Jan 20 (Reuters Breakingviews) - The end of a long battle to wring some value from Toshiba (6502.T) is finally within reach. Such an outcome won’t encourage private equity firms, and big policy shifts underway may stifle the industry just as it hits a new high. Instead, after an accounting scandal in 2015, Toshiba came to epitomise Japan Inc’s pervasive value destruction. Japan typically outperforms private equity deals in other developed markets, partly because existing incentive structures for company bosses are so poor. The country’s private equity industry is only just finding its feet.
☆ Third Point takes stake in Colgate-Palmolive; sees value in pet food spinoff
  + stars: | 2022-10-18 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
FILE PHOTO: Colgate toothpaste is pictured on sale at a grocery store in Pasadena, California January 30, 2014. REUTERS/Mario Anzuoni (UNITED STATES - Tags: BUSINESS)(Reuters) -Daniel Loeb’s Third Point has built a significant position in toothpaste maker Colgate-Palmolive Co and sees value in a potential spinoff of its Hill’s Pet Nutrition business, the activist investor said in a letter seen by Reuters. The investor letter did not disclose the size of Third Point’s stake, but cited several reasons for investing in the consumer goods company, including its pricing power in inflationary conditions and the strength in its pet food business. “There is meaningful hidden value in the company’s Hill’s Pet Nutrition business, which we believe would command a premium multiple if separated from Colgate’s consumer assets,” the letter said. Sales in Colgate’s pet nutrition business have outpaced overall company revenue over the last few years as consumers pay more attention to the needs of their cats and dogs.
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