Nadia's Feed
Jul 19, 2013

Microsoft in talks with ValueAct over board seat -sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s (MSFT.O: Quote, Profile, Research) board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 19, 2013

Exclusive: Microsoft in talks with ValueAct over board seat – sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 18, 2013

Dell puts off buyout vote; still short despite crucial backers

ROUND ROCK (Reuters) – Dell Inc postponed a crucial vote on CEO Michael Dell’s$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning over several large swing shareholders at the eleventh hour.

The company co-founder and partner Silver Lake fell short of the votes needed to push through the largest buyout since the financial crisis, even though Vanguard and BlackRock Inc are now on board with the proposal, a source familiar with the matter told Reuters on Thursday.

Jul 5, 2013

Preview: BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone, Samsung’s (005930.KS: Quote, Profile, Research) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research) Android operating system.

Jul 5, 2013

BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research, Stock Buzz) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone, Samsung’s (005930.KS: Quote, Profile, Research, Stock Buzz) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research, Stock Buzz) Android operating system.

Jul 3, 2013

Exclusive: Francisco Partners plans GXS IPO after exploring sale

NEW YORK (Reuters) – Buyout firm Francisco Partners LP said on Wednesday that GXS Worldwide Inc, the provider of electronic commerce services it has majority control of, was planning an initial public offering after it explored an outright sale of the company.

“We are planning a refinancing of GXS and a subsequent IPO,” Francisco Partners said in a statement to Reuters. “We carried out a market check with JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) and although the valuations we received were reasonable, we did not think they were compelling for us to sell GXS at this moment.”

Jul 3, 2013

Francisco Partners plans GXS IPO after exploring sale

NEW YORK, July 3 (Reuters) – Buyout firm Francisco Partners
LP said on Wednesday that GXS Worldwide Inc, the provider of
electronic commerce services it has majority control of, was
planning an initial public offering after it explored an
outright sale of the company.

“We are planning a refinancing of GXS and a subsequent IPO,”
Francisco Partners said in a statement to Reuters. “We carried
out a market check with JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) and although
the valuations we received were reasonable, we did not think
they were compelling for us to sell GXS at this moment.”

Jun 26, 2013

Car-safety technology company DriveCam picks banks for IPO: sources

By Olivia Oran and Nadia Damouni

(Reuters) – DriveCam, a company that develops technology aimed at curbing driver errors, has selected banks for an initial public offering, according to three sources familiar with the matter.

The San Diego, California-based company has tapped Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz), Barclays PLC (BARC.L: Quote, Profile, Research, Stock Buzz) and Credit Suisse AG (MLPN.P: Quote, Profile, Research, Stock Buzz) to lead the deal, which is expected to come later this year, two of the sources said on Wednesday.

Jun 25, 2013

Exclusive: Men’s Wearhouse founder clashed with CEO, mulls comeback

By Nadia Damouni and Siddharth Cavale

(Reuters) – Tensions started rising at Men’s Wearhouse Inc (MW.N: Quote, Profile, Research, Stock Buzz) over the past six months, as founder and executive chairman George Zimmer increasingly butted heads with his handpicked CEO over the clothing retailer’s strategy.

CEO Doug Ewert wanted to sell the company’s K&G Fashion Superstore business, while Zimmer wanted to keep it, two sources familiar with the situation said. Zimmer also objected to rising compensation for top executives, including Ewert, while the board thought it was appropriate, the sources said.

Jun 25, 2013

Men’s Wearhouse founder clashed with CEO, mulls comeback

June 24 (Reuters) – Tensions started rising at Men’s
Wearhouse Inc over the past six months, as founder and
executive chairman George Zimmer increasingly butted heads with
his handpicked CEO over the clothing retailer’s strategy.

CEO Doug Ewert wanted to sell the company’s K&G Fashion
Superstore business, while Zimmer wanted to keep it, two sources
familiar with the situation said. Zimmer also objected to rising
compensation for top executives, including Ewert, while the
board thought it was appropriate, the sources said.