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Icahn Sees Value in Enzon (ENZN)

Enzon Pharmaceuticals (NDAQ: ENZN) shares rose today after activist investor Carl Icahn disclosed a 6.93% stake and suggested that the pharmaceutical company explore strategic alternatives in a Schedule 13D filing with the SEC. The billionaire financier insisted that management conduct a comprehensive review of strategic transactions that could enhance shareholder value. In particular, Icahn suggested […]

Popularity: 83% [?]

14Mar2008 | Justin Kuepper | 0 comments | Continued
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Conseco Shares Undervalued (CNO)

Conseco, Inc. (NYSE: CNO) shares have been halved during the past 52 weeks and at least one large investor insists that the stock is substantially undervalued in a Schedule 13D/A filing with the SEC. The insurance holding company’s shares dropped after it fell under scrutiny for improperly reporting benefits and liabilities for insurance products. In […]

Popularity: 100% [?]

14Mar2008 | Justin Kuepper | 0 comments | Continued
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Electronic Arts Takes Two (TTWO)

Take-Two Interactive (NDAQ: TTWO) may have to do a double-take after Electronic Arts (NDAQ: ERTS) launched a hostile $2 billion tender offer directly to its shareholders. The $26 per share offer is four percent higher than TTWO’s closing price yesterday and a 64 percent premium to the pre-takeover price. Electronic Arts says the bid will […]

Popularity: 75% [?]

13Mar2008 | Justin Kuepper | 0 comments | Continued
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Activist Demands Vaalco Sale (EGY)

Vaalco Energy Inc. (NYSE: EGY) shares were revitalized today after the company’s largest shareholder demanded a sale in a Schedule 13D filing with the SEC. The news comes after shares in the company fell around 30% in 2007 compared to a 45% rise in its peer group during the same period. Meanwhile, the company’s expenditures […]

Popularity: 33% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Things Heating Up at Tecumseh (TECUA)

Tecumseh Products Company (NDAQ: TECUA) may provide relief from the heat for its customers, but its shares are quickly heating up. Stock in the hermetic compressor manufacturer rose nearly 15 percent in early trading after a large shareholder suggested that the company put itself up for sale in a Schedule 13D/A filing with the SEC. […]

Popularity: 28% [?]

11Mar2008 | Justin Kuepper | 0 comments | Continued
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Sleepless Investors Demand Change (SCSS)

Select Comfort Corp. (NDAQ: SCSS) may help its customers sleep well at night, but many of its shareholders are definitely losing sleep on with stock’s performance. The mattress-maker saw its shares drop over eight percent today after one of its largest shareholders sent a letter to the board demanding changes in a Schedule 13D filing […]

Popularity: 55% [?]

10Mar2008 | Justin Kuepper | 0 comments | Continued
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Finding Value in Closed-End Funds (FXX)

Foxby Corp. (AMEX: FXX) is an actively managed exchange traded fund (ETF) that is currently trading nearly 20 percent below its net asset value (NAV). The discount in the fifth largest among ETFs and is quickly drawing attention from activist shareholders who want to unlock that hidden value. Investment Partners Asset Management made such an […]

Popularity: 19% [?]

10Mar2008 | Justin Kuepper | 0 comments | Continued
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Icahn Confident in Victory this Time ‘Round (MOT)

Motorola, Inc. (NYSE: MOT) warned shareholders today that it has not endorsed activist investor Carl Icahn’s nominees for its board as the troubled company’s annual meeting approaches. However, a growing number of dissident shareholders alongside a plummeting stock price has his odds of a successfully proxy campaign running pretty high. Motorola shares nearly halved since […]

Popularity: 37% [?]

6Mar2008 | Justin Kuepper | 0 comments | Continued
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Many Interested in Buying Spanish Broadcasting (SBSA)

Spanish Broadcasting System, Inc. (NDAQ: SBSA) directors are starting to feel the heat after a large shareholder criticized the company’s stock performance and governance while promising to take action if things do not improve, according to a Schedule 13D filing with the SEC. Discovery Group, which owns a 9.8 percent stake, sent a letter to […]

Popularity: 46% [?]

6Mar2008 | Justin Kuepper | 0 comments | Continued
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Ackman Vs. Whitman (MBI)

Bond insurers MBIA, Inc. (NYSE: MBI) seem to be dropping like rocks, but that isn’t deterring respected value investor Martin Whitman’s Third Avenue Funds from increasing its stake in the company. The move pits him directly against the famous activist investor Bill Ackman’s Pershing Square, which has taken an aggressive short position in the bond […]

Popularity: 31% [?]

4Mar2008 | Justin Kuepper | 0 comments | Continued
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