News

April 24, 2014
Articles

The water is getting hotter for the parent of Red Lobster. An activist hedge fund has secured votes from 54 percent of Darden Restaurants’ shareholders to hold a special meeting to block plans to spin off Red Lobster into a separate company, sources said. Starboard Value LP, the New York-based fund spearheading the campaign against the […]

April 22, 2014
Articles

William Ackman’s $47 billion joint bid with Valeant Pharmaceuticals International Inc to buy Botox maker Allergan Inc may become a model for future deals, rival fund managers said. The unsolicited bid, the plans for which were revealed late on Monday, was unusual for a so-called activist investor such as Ackman. Usually, large acquisitions are the […]

April 21, 2014
Articles

To help influence the outcome of that bet, Mr. Ackman has lobbied members of Congress and regulators to investigate the company, a move that has helped to push down the value of the stock. “What’s unusual is that we’re talking about investors who are outsiders — the outsiders are potentially becoming insiders here by teaming […]

April 11, 2014
Articles

Proxy solicitors said Mr Icahn appeared to have little chance of winning over eBay’s wider investor base, since the company has good relationships with many of its institutional shareholders. “The settlement works for both sides as it allows the company to avoid the additional expense and distraction of a proxy fight while retaining the optionality […]

March 21, 2014
Articles

Activist campaigns involve a lot of strategy — legal, financial and investor relations — and the rise in funds dedicated to this kind of value enhancement (from the funds’ perspective) or disruption (from the corporate perspective) also means greater need for advisers practiced in the activism playbook. The Deal spoke to some of the best-known […]

March 21, 2014
Articles

Engaged Capital LLC has tapped proxy solicitation firm Okapi Partners LLC and a leading independent global professional services firm, as the activist investor fights for five seats on Abercrombie & Fitch Co.’s (ANF) board. Though Engaged Capital didn’t name the global professional services firm, it said on Thursday that the firm has decades of experience […]

March 19, 2014
Articles

Much rarer, activists say, is a traditional money manager giving a bomb-throwing hedge fund a specific target and goal. Another hedge fund executive recalled hearing several years ago from a portfolio manager at a big institution eager to force a sale of Dobson Communications, a rural cellphone service provider. The portfolio manager couldn’t apply pressure […]

March 10, 2014
Articles

The booming activist scene has prompted proxy solicitation firm Okapi Partners LLC to hire Michael Fein as a Senior Managing Director to lead business development efforts. Fein was a Principal and Founder of Midway Management Partners, a private investment firm that invested more than $500 million and raised capital from institutional and individual investors through […]

March 7, 2014
Articles

Okapi Partners, one of the younger players in the business of advising companies and hedge funds in proxy contests, plans to announce on Friday that it has hired Michael Fein as a senior managing director. The addition of Mr. Fein comes as Okapi continues to expand and compete against more established rivals in the proxy […]

March 7, 2014
Press Releases

– Leading Proxy Solicitation Firm Hires Experienced Asset Management Executive to Capitalize on Surge in Investor Activism, Growing Opportunities to Advise Corporate Boards and Shareholders – NEW YORK, March 7, 2014 /PRNewswire/ — Okapi Partners LLC, a leading proxy solicitation and investor response firm that advises corporations, institutional investors and mutual fund companies, announced it […]