- Western Digital $WDC announced review of strategic alternatives after Elliott's push to split.
- Zymeworks $ZYME adopted shareholder rights plan after All Blue Falcons’ proposal.
- Aerojet Rocketdyne $AJRD feuding CEO and Chairman filed opposing shareholder presentations.
- Hasbro $HAS activist Alta Fox lost battle for board seats.
- Hemisphere Media $HMTV shareholder Edenbrook Capital says takeover price dramatically undervalues company.
- New Relic $NEWR activist JANA won two board seats.
"Since 2008 [JANA's activism campaigns are] averaging a return of 16.2% versus 9.4% for the S&P 500 over the average nine-month holding period."
- $GSK spin-off Haleon starts life with target on its back.
"Those factors may lead some investors to steer clear, depressing Haleon’s valuation. It could prove more appealing to a rival...Haleon may find it harder to repel a suitor next time around."
- Vodafone $VOD preps spinoff of IoT biz.
"Buried in Vodafone's annual report is the revelation that IoT is being prepped for a spinoff. Greater independence from the parent company 'will help to accelerate the platform's growth and attractiveness...'
- JetBlue $JBLU submitted an improved proposal to acquire Spirit $SAVE.
