Barron's Activist Stocks 10-20-2007
4164 views
Rate Now: 1 2 3 4

average rating: 4.00 / 1 ratings
Created by barrons2
DESCRIPTION:

Date updated:10-20-2007

Each week Barron's has a 13D Filings column. 13Ds are filed when a fund (usually an activist hedge fund) accumulates more than 5% of a firm and is planning on pushing for change (e.g.a sale of the company, sale of certain assets, a share buyback, or a share dividend) to unlock value.

See Hate list below where funds filed 13Ds showing a new decrease in particular positions.

symbol name last price % change open
  • +
  • IKN
    Ikon Office Solut
  • $17.17
  • +0.06%
  • $17.17

Steel Partners wants Ikon to recapitalize through an $850 million self-tender at $17.50 per share, or to explore other strategies, including a sale, to maximize shareholder value. On Oct. 12, Steel Partners and Ikon entered into a confidentiality and standstill agreement that will let them discuss the proposed recapitalization and other issues. The six-month standstill pact allows Steel Partners to nominate directors and solicit proxies for their election at the next shareholders meeting.

People owning IKN also tend to own: ADPTAGLBCOCEMCHVCNOCUO

TheStreet.com Rating: B What is this?

  • +
  • FMT
    Fmt
  • $0.00
  • N/A
  • $N/A

Amalgamated Gadget wants the company to conduct a "fair and open auction process." Amalgamated stated that it applauds the company's opposition to investor Gerald J. Ford's efforts to reprice his original $80 million investment agreement. It also said that it believes that the time has come to stop the "non-public and unproductive negotiations" with Ford and instead conduct an auction, so that Fremont can obtain the best available terms. Amalgamated currently owns 6,500,000 shares (8.3% of the total outstanding).

People owning FMT also tend to own: CNSCORSDADEDRCTESCAIMHLEV

TheStreet.com Rating: D What is this?

  • +
  • MACE
    Mace Security Int
  • $1.58
  • +1.28%
  • $1.58

Lawndale Capital Management said that Mace was adopting certain changes to its board and corporate-governance policies to avoid a proxy fight between the two parties. As a result, Lawndale has agreed to withdraw its previous requests and support a proposed six-member slate for Mace's 2007 annual meeting. The proposed slate includes two of the four independent directors nominated by Lawndale: Dennis Raefield and Gerald LaFlamme; one independent director submitted by Mace: Jack Mallon; and three current board members: Mark Alsentzer, Dr. Constantine Papadakis and Louis Paolino Jr. Lawndale said Mace will expand its board to six directors from five by the end of October and will appoint Raefield as an independent director. Lawndale Capital holds 1,574,479 shares (9.6%).

People owning MACE also tend to own: ASYSMANASHLMUISDELLHOKUACE

TheStreet.com Rating: D What is this?

Northaven Management intends to vote against the company's proposed merger with Community Bankers Acquisition (BTC). Northaven contends that the terms of the transaction will have "a significantly dilutive impact" on the existing owners' share of the company's current and prospective intrinsic value. Northaven also urged TransCommunity's board to "immediately seek to extricate itself from the merger agreement, and to explore all options to maximize value for existing shareholders." Northaven owns 457,000 shares (9.9%).

People owning TCYF.OB also tend to own: BKSDVDFMTIKNMACESPIRVMW

TheStreet.com Rating: No Rating What is this?

  • +
  • VMW
    Vmware
  • $36.17
  • +1.80%
  • $35.11

Cisco Systems (CSCO) reported ownership of 6 million Class A common shares (8%), which it purchased on Aug. 23 at $25 per share

People owning VMW also tend to own: DIMINTCXOMAAPLADMASEIBAC

TheStreet.com Rating: No Rating What is this?

  • +
  • DVD
    Dover Motorsports
  • $5.17
  • +4.23%
  • $5.00

Cibelli Capital Management raised its holdings to 1.87 million shares (11.31%) from the 1.6 million (9.71%) it had reported on Aug. 17.

People owning DVD also tend to own: BAMBRK-ADJRT.OBGEHLHDNGISCALUK

TheStreet.com Rating: C- What is this?

  • +
  • BKS
    Barnes & Noble
  • $26.31
  • +0.65%
  • $26.03

Barnes & Noble's founder and chairman, Leonard Riggio, increased his stake to 15.8 million shares (24.4%) from the 15.3 million (22.9%) reported as of March 31. Riggio, the company's largest shareholder, said that he intends to purchase additional shares from time to time.

People owning BKS also tend to own: ASHWBFTCHDNCPYEMBTEPAYFLA

TheStreet.com Rating: C What is this?

  • +
  • SPIR
    Spire Corp
  • $10.02
  • -2.05%
  • $10.24

Quercus Trust raised its position to 631,809 shares (7.6%) from the 535,058 (6.5%) that it had reported owning on Sept. 28.

People owning SPIR also tend to own: EKROGAKNS.OBAPV.VCMH.TODLSL.OBDSTI

TheStreet.com Rating: D What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Barron's Roundup 9-6

Market’s Finest: Barron's asked professional investors who the world’s most respected companies are for its fourth annual survey. Some of the name that made the list in...

09.06.08 | 21:59 PM
Jim Cramer's Portfolios of the Week

Jim Cramer thinks market sentiment is starting to get extremely bearish, and it might be time for investors start looking at entry points in their favorite stocks. Despite ...

09.05.08 | 10:25 AM
Cramer's Take on Top-Searched St...

Disappointing economic news released on Thursday created a dismal atmosphere, with the Dow Jones plunging more than 300 points. Many of the nation's retailers said sho...

09.04.08 | 18:01 PM
Interview With Ken Fisher, Part VI

Good CEOs Vs. Bad CEOs By Stockpickr Guest Columnist Fred Fuld of Stockerblog.com Recently, I had the pleasure of interviewing Ken Fisher, head of the $30 billion F...

09.04.08 | 17:32 PM
more articles
Cramer cameos
09.05.08 | 23:56 PM From author Peter near Matanzas Inlet
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZackAttack
Reading charts
08.16.08 | 09:03 AM From author Peter near Matanzas Inlet
more forums
today 's lists
52-Week Highs

Each day we'll select up to 10 stocks on the 52-week high list and give commentary. This is not a comprehensive list of the 52-week high list but just select stocks we thin... more

Dogs of the Dow

Dow Jones Industrial Average stocks that have a yield of greater than or equal to 3. In the description box for each stock is its current yield. more

Stocks Most Likely to Surprise

This list consists of stocks that are down 10% or more in the last year but may be poised to surprise us on the upside going forward. The basis for the list is as follows: ... more