Wednesday's Market, Hedge Fund, and Private Equity Briefing

Apr 12 2017 | 1:14pm ET

Here are some of the top trending stories for Apr. 12, 2017. 

Today’s Institutional Watch List

Amazon Considered Big Splash in Grocery Sector

It was just a week ago that Barron’s said that the grocery business was largely “Amazon proof” because – people like going to the grocery store…

While that’s a terrible argument, it appears that Amazon.com (AMZN) nearly decided to start its path to grocery dominance. They considered purchasing Whole Foods Market (WFM) before activist invest Jana Partners stepping in and built an 8.3% stake. 

Carl Icahn Just Keeps Making Money

KKR & Co. has just given Lyft $600 million in a capital raising round that values the ride sharing firm at $7.5 billion, could hint at IPO. The Chicago Tribune reports that Carl Icahn is is very good at making money.

BHP and Elliott Battle Heats Up

Activist investor Elliott Advisors has called BHP Billiton's response to its restructuring plan "dismissive and premature." The activist hedge fund is upset that BHP is not taking its plan to unlock $46 billion in shareholder value seriously. However, according to reports, BHP has been able to get the Australian government to take its side in the activist battle.

Wednesday Morning Reading List

Forbes: A $3 Billion Hedge Fund Praises Japan's 'Phenomenal' Spinoff Plan

Bloomberg: McNamee Says Activist Investors Produce Bad Outcomes

Biophamadive: Stada backs $5.6 billion takeover offer from Bain, Cinven

DFMWorkers: Working under a hedge fund: how billionaires made the crisis at America’s newspapers even worse

Check back for more hedge fund, private equity and market news throughout the day and be sure to read Tuesday's edition of The Daily Alpha. 

Read Tuesday’s edition right here – The Daily Alpha: Real talk on United's PR Problems, Whole Foods Activists and Fake Financial News


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