Unisys Clears Its Calendar To Talk With Hedge Fund

Feb 20 2008 | 7:41am ET

Unisys Corp. has again delayed its annual meeting to give it more time to speak with a hedge fund agitating for a sale of one of its units.

New York-based hedge fund Millbrook Capital Management is pushing the Blue Bell, Pa.-based information technology company to consider an initial public offering of part of its U.S. government services business. The company said the delay until July 24 will give it and its investment banker, Bear Stearns, time to explore “certain portfolio rationalization and other actions that may enhance shareholder value.”

Millbrook’s MMI Investments owns a 9.9% stake in Unisys.

Unisys also pushed back its deadline for advance notice of shareholder proposals to June 2.

Millbrook said yesterday it approved of the delay.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note