Tuesday, 22 July 2014
Last updated 4 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…