Tuesday, 30 September 2014
Last updated 4 min ago
Oct 10 2007 | 7:08am ET
A group of hedge funds led by Barington Capital Group has struck a deal with consumer products company Lancaster Colony Corp., dropping a plan to nominate director candidates in exchange for concessions from management.
Under the deal, Columbus, Ohio-based Lancaster Colony has agreed to name an independent director acceptable to Barington, form a task force to “work on improving its operations, productivity and profitability,” as well as to consider “strategic alternatives” for its nonfood businesses, and establish a repurchase program and “corporate governance initiatives.” In return, the Barington group has withdrawn its three board nominees.
In June, Barington CEO James Mitaronda, whose firm owns 5.6% of Lancaster Colony, savaged the company’s CEO, John Gerlach, accusing him of running the company like a “private, family-owned business,” and calling on the board of directors to rein him in.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.