Monday, 28 July 2014
Last updated 2 days ago
Apr 29 2008 | 12:43pm ET
New York-based Sandell Asset Management and Pequot Ventures have joined the battle for change at ASM International.
The activist pair will support plans forwarded by fellow hedge funds Fursa Alternative Strategies and Hermes Focus Asset Management, Thomson Financial reports.
Lynbrook, N.Y.-based Fursa, the former Mellon HBV Alternative Strategies, has been pushing the Dutch semiconductor process equipment supplier to improve the performance of its front-end business. Fursa wants ASMI to set up a one-tier management board, and Hermes has pushed for the ouster of CEO Chuck del Prado and five board members.
Private equity giant Centaurus Capital also has a big stake in ASMI, with 7.22% in voting rights.
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…