Barron's Activist Stocks 2-09-2008
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Date updated:02-09-2008

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.

symbol name last price % change open
  • +
  • TXCC
    Transwitch Corpor
  • $0.387
  • -0.51%
  • $0.38

Investor Herbert Chen, the largest shareholder of TranSwitch, sent a letter to Chairman Alfred F. Boschulte, requesting reconstitution of the board with at least four of the current seven seats to be filled by shareholder nominees. Chen said he has lost confidence in the board to steward the semiconductor-device company and make the hard decisions that will create value for shareholders. Chen holds 19.76 million shares (14.9% of the total outstanding).

People owning TXCC also tend to own: ACLSCHCIGNTASTXSUNWFLMLJRCC

TheStreet.com Rating: D- What is this?

  • +
  • PHRM
    Phrm
  • $0.00
  • N/A
  • $N/A

Hedge fund S.A.C. Capital said that Celgene's (CELG) $72-a-share offer for Pharmion wouldn't "fairly compensate" shareholders, and said the drug maker could be worth $80 to $100 a share. S.A.C. Capital said Pharmion's drug, Vidaza, which is used to treat patients with higher-risk myelodysplastic syndromes, or bone-marrow diseases, could capture $100 million to $250 million more in sales than current projections, if a competitor's drug has worse survival data. S.A.C. Capital, run by billionaire investor Steve Cohen, holds 3,109,168 shares (8.3%).

People owning PHRM also tend to own: AOBCBEDISHEBAYECAECOLGLD

TheStreet.com Rating: No Rating What is this?

  • +
  • MOT
    Motorola Inc
  • $8.89
  • -4.51%
  • $9.26

arl Icahn notified Motorola that he is nominating four persons for election as directors at the 2008 annual meeting of stockholders. Icahn also stated that he is pleased to see that Motorola is exploring his suggestion to separate mobile devices from Motorola's other business, and believes Motorola is now moving in the right direction but still has a long way to go.

People owning MOT also tend to own: CCLXCVSGOOGGSHDJNJ

TheStreet.com Rating: D+ What is this?

  • +
  • TMWD
    Tumbleweed Commun
  • $0.00
  • 0.00%
  • $N/A

Empire Capital Partners urged the messaging-security provider to hire an investment-banking firm to explore strategic alternatives to maximize stockholder value. Hamilton-Madison Group, an adviser to Empire Capital, recently urged Tumbleweed's board to enact a business plan that will complete the transition to a channel-sales strategy by the end of the second quarter and immediately reduce operating expenses in all areas to generate operating profits and cash. Empire Capital and its affiliates have 6,613,894 shares (12.9%).

People owning TMWD also tend to own: ACTISFNTSPSSVDSIAMDBKSBPUR

TheStreet.com Rating: D What is this?

  • +
  • BBEP
    Breitburn Energy
  • $11.61
  • -3.01%
  • $11.80

Provident Energy Trust (PVX) is evaluating various strategic alternatives for its investments, including the sale of some or all of its stake in the oil and gas partnership. Provident is evaluating its options as a result of changes in Canadian tax laws and business considerations. It also said the various strategic alternatives could include "an extraordinary corporate transaction." Provident owns 14.4 million shares (21.5%).

People owning BBEP also tend to own: ADMCALMCEPCHKDISDLBEVEP

TheStreet.com Rating: C What is this?

  • +
  • SHW
    Sherwin Williams
  • $58.94
  • +1.34%
  • $57.97

Farallon Capital Management and its affiliates reported ownership of 6,437,500 shares (5.2%), after buying 2,053,900 from Dec. 6 to Jan. 9 at $52.08 to $62.24 each.

People owning SHW also tend to own: AEOLRWLYGRWTSHLDTHOALB

TheStreet.com Rating: B+ What is this?

  • +
  • LORL
    Loral Space And C
  • $27.06
  • +1.20%
  • $26.57

Hedge fund Highland Capital Management raised its stake to 1.6 million shares (7.8%), from the 1.2 million (5.8%) reported in March 2007.

People owning LORL also tend to own: AWIBRCDBTCCBSTCNODOXGFN

TheStreet.com Rating: D What is this?

  • +
  • HOT
    Starwood Hotels&r
  • $31.09
  • -0.51%
  • $30.76

Affiliates of Tribune Co. (TRB) reported ownership of 14,750,000 shares (7.72%), purchased from Oct. 2 to Jan. 31 at $39.63 to $62.37 apiece.

People owning HOT also tend to own: BLSGLWMRBKPNCQCOMROHSBUX

TheStreet.com Rating: C What is this?

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