Can Hedge Funds Deliver as they Grow?

March 31, 2011

Hedge funds, by nature, are a risky investment proposition.  Nevertheless, as the market recovers, hedge funds are recovering with it.  Here is a good article from Reuters that shows how as hedge funds grow, their ability to better serve their clients is in danger. Hedge funds need to be flexible to adequately move its holdings in […]

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Lawson Software Update

March 30, 2011

I recently posted about the “takeunder” proposal to the Lawson Software board of directors.  This article from Bloomberg shows that the current proposal undervalues Lawson, but Oracle Corp. may come in and trump the current proposal. Still, it looks as though bidders are undervaluing Lawson.  Something for shareholders to hang their hats on when the inevitable […]

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Is Disney Misleading its Shareholders Too?

March 29, 2011

Earlier, I discussed how, in theory, Apple could be committing securities fraud by not disclosing information about Steve Jobs’ health.  And, how the SEC has prohibited misstatements in proxies.  Well, turns out Apple isn’t the only company that this affects. Jobs is also a board member of the Walt Disney Corporation, and, as Bloomberg reports, […]

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Just Say No: Shareholders Vote Against Hewlett Packard Salaries

March 27, 2011

I’ve posted about the “say-on-pay” being toothless, but the recent Hewlett Packard vote could be a positive signal.  HP shareholders voted against the compensation packages for HP’s top executives that would give executives high pay even if HP didn’t perform.

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Dropping Knowledge: What is Proxy Fraud?

March 26, 2011

Companies need to obtain a shareholder vote to elect directors and for various other corporate transactions (like reorganizations/mergers).  These votes must be cast at the annual meeting.  It is impossible to collect all the votes in person, companies send proxy statements to obtain votes for shareholders.  Because of the potential for abuse with the proxy […]

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Del Monte Merger Update

March 25, 2011

After posting a couple times about the Del Monte deal, the Delaware Corporate and Commercial Litigation Blog noticed and wrote a great article about how the merger was briefly halted because of the shenanigans involving the investment bankers, as explained here.

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Mentor Graphics Board Adopts a Different Takeover Mechanism

March 24, 2011

I’ve posted (a bunch) about poison pill provisions as a defense to corporate takeovers.  As the NY Times Dealbook reports, Mentor Graphics, on the other hand, is trying to subvert a takeover from Carl Icahn in a different manner.  Specifically, Icahn is trying to nominate directors that he can control over the directors that are […]

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Uncertainty Surrounding Municipal Bonds

March 23, 2011

Municipal Bonds are securities that are issued by state and local governments to fund the governmental unit’s general fund (a “general obligation bond”) or some sort of special project (rebuilding a town’s city hall).  These bonds are secured by the municipality, and are basically mini-versions of U.S. Treasury Securities, albeit more risky.  So, when we […]

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Can I Retire? – Stock Loss Blog Mission Statement

March 21, 2011

Through fifty or so posts, I’ve discussed a number of investment and corporate governance related concepts trying to keep investors informed about buyouts, fiduciary duties, investment vehicles, etc.  It wasn’t until I read this article that the reason for this blog really dawned on me.

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Family Dollar Could Be a Hostile Takeover Target

March 17, 2011

As I speculated here, after Family Dollar’s rejection of the Trian Group’s “inadequate” acquisition proposal, reports show that Trian may be in the mood to take an offer directly to shareholders via a hostile takeover.  This is a situation where, prior to the Airgas decision, Trian may try to challenge Family Dollar’s use of its […]

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