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The Latest Breaking News from Ancora

Activist Ancora fund moves to block Netflix takeover of Warner studios

Ancora Holdings has built a $200mn stake and is backing Paramount’s richer rival bid, raising the prospect of a proxy fight over the future of one of Hollywood’s biggest media groups.

Euronews

CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms

CSX railroad replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs

The Independent UK

Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company

The Independent UK

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The invitation for Gucci’s latest show was a reissued Enzo Mari design classic

Milan Fashion Week’s best invitation came from Gucci – a reissue of Enzo Mari’s ‘Timor’ perpetual calendar in the Italian house’s signature ‘Ancora’ oxblood red

Wallpaper

Norfolk Southern CEO Alan Shaw Replaced By CFO Over Workplace Misconduct

Finance chief Mark George will be the new president and chief executive, while Jason Zampi will serve as acting CFO.

International Business Times

Norfolk Southern Confirms Probe of CEO's Conduct

They are looking into possible ethics violations by Alan Shaw

International Business Times

Norfolk Southern CEO Alan Shaw Accused Of Inappropriate Workplace Relationship: Report

The Atlanta-based freight railroad's board of directors is investigating the allegations with the help of outside legal advisers

International Business Times

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Activist investors are suffering grueling defeats in proxy fights—but they can still matter when they pick the right battle

While the biggest fights in this year’s proxy season ended in defeat for activists, there are still some upcoming fights in which they may fare better.

Fortune

How Does Activist Investing Impact Stocks?

Activist investing uses equity stakes in public companies to enact change. Here's how that can have an impact on stocks.

Kiplinger

Solange Knowles, Salma Hayek, and Kirsten Dunst Interpret a Gucci Dress Code to Perfection

Solange Knowles, Kirsten Dunst, and Salma Hayek made it surprisingly personal.

Marie Claire

Land Moto Secures $7 Million In Funding, Focusing On US Production

Land Moto has secured $7 million in Series A funding, and hopes to focus on US production. Global expansion is in the pipeline, as well.

RideApart

SpartanNash Investors Block Bid To Revamp Company's Board: What You Need To Know

SpartanNash Co (NASDAQ: SPTN) shareholders rejected board nominations from activist investors on Thursday morning, according to a report from Crain’s

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

Activist Investor Ancora Urges Hasbro To Sell Entertainment One Unit

Ancora Holdings Group, LLC, the activist investor with a 1% stake in Hasbro Inc (NASDAQ: HAS), has urged the toymaker to sell its Entertainment One unit.

Benzinga

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news in one place.

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Benzinga

Here's Why Everbridge Shares Are Trading Higher Today

Everbridge Inc (NASDAQ:EVBG) shareholder Ancora Holdings Group, LLC urged the board to explore strategic alternatives. Ancora acknowledged that multiple financial sponsors are interested in pursuing an acquisition of Everbridge. Ancora saw Everbridge dramatically undervalued at current share price levels, and a sale to a well-capitalized acquirer could deliver more than $70 per share…

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