Honeywell International Inc. (HON) shares are experiencing a significant surge in early trading on Tuesday after activist investor Elliott Investment Management revealed a substantial stake in the company and is advocating for a separation into two distinct entities. Elliott believes that a split of Honeywell’s Aerospace and Automation businesses would unlock significant value for shareholders, potentially driving share prices up by 51% to 75% within the next two years.
Southwest Airlines is gearing up for its third-quarter earnings report, set for Thursday pre-market. The airline faces pressure from rising costs, competition, and activist investor Elliott Investment Management, which is pushing for leadership changes. Investors will be watching for signs of recovery and strategic progress in the face of these challenges.
Activist investor Starboard Value has sharply criticized Pfizer, accusing the pharmaceutical giant of failing to deliver on its promises of innovation and growth. Starboard argues that Pfizer’s leadership has not capitalized on the momentum following the COVID-19 pandemic, resulting in underperformance in research and development (R&D) and mergers and acquisitions (M&A). The investor highlights the company’s missed targets, inflated acquisitions, and lagging returns on investments, calling for the board to hold management accountable.
Cheesecake Factory’s stock surged in pre-market trading after an activist investor, JCP Investment Management, disclosed a 2% stake in the company and advocated for the separation of its three smaller brands: North Italia, Flower Child, and Culinary Dropout. JCP believes these brands could thrive independently, attracting dedicated management teams and potentially unlocking value for Cheesecake Factory.
Kenvue Inc. (KVUE) shares jumped on Monday following reports that activist investor Starboard Value has acquired a significant stake in the company. Starboard is pushing for changes to boost the consumer-products company’s share price, citing underperformance compared to competitors. The move could lead to a sale of Kenvue’s skin, healthcare, and beauty division, according to industry analysts.
Starboard Value, a prominent activist investor, has reportedly acquired a significant stake in Kenvue Inc., the company behind popular consumer brands like Tylenol and Listerine. The move signals potential changes for Kenvue, which has faced stock underperformance since its spin-off from Johnson & Johnson last year. Starboard’s CEO, Jeff Smith, is expected to outline his plans for Kenvue at an upcoming activist investing conference.
Lamb Weston Holdings, Inc. (LW) shares are experiencing a significant surge on Friday following news that activist investor Jana Partners has acquired a 5% stake in the company. Jana Partners plans to encourage Lamb Weston to explore a potential sale and intends to improve the company’s operational and capital-allocation strategies. The move comes at a challenging time for Lamb Weston, with the company’s stock down significantly this year.
Southwest Gas Holdings, Inc. (SWX) and activist investor Carl Icahn have reached an amended cooperation agreement, which includes the appointment of Icahn designees to the company’s board committees. This agreement has implications for Southwest Gas’s future strategic decisions and could influence share price performance. We analyze the agreement’s details, its potential impact on Southwest Gas’s stock, and provide insights for investors.
Southwest Airlines is facing a shareholder battle with Elliott Investment Management, who is demanding board changes and a management refresh. The activist investor has launched a podcast series to promote its nominees, while Southwest maintains its focus on a ‘Southwest. Even Better’ plan to transform its business. This news comes as Southwest stock experiences a surge.
Elliott Investment Management, an activist investor, has demanded a special shareholder meeting at Southwest Airlines and nominated eight directors to the board. This move follows Elliott’s acquisition of a significant stake in the airline and its persistent push for changes to improve Southwest’s profitability and governance. The activist investor’s actions come as Southwest grapples with recent struggles and attempts to implement its new turnaround plan.
