Barron's Activist Stocks 2-16-2008
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Date updated:02-16-2008

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
  • +
  • HYC
    Hypercom Cp
  • $4.28
  • +0.94%
  • $4.21

RLR Capital Partners wants Hypercom to negotiate "the best deal possible" with Ingenico, which has offered to acquire all of Hypercom's outstanding shares for $6.25 each in cash. RLR owns 3,667,307 shares (6.9% of the total outstanding).

People owning HYC also tend to own: AHRKFRCBSXCTBDOWDYNERTS

TheStreet.com Rating: D+ What is this?

  • +
  • TMTA
    Transmeta Corp
  • $14.59
  • +2.67%
  • $14.25

Riley Investment Management said that it's extending until Feb. 28 its bid for all of the company's outstanding shares. Previously, Transmeta had retained Piper Jaffray to work with its board to help evaluate the unsolicited, conditional offer. Riley said Transmeta hasn't responded, and that it's disappointed by the board's behavior. Riley Investment has 856,478 shares (7.1%).

People owning TMTA also tend to own: ACTUBELMBKHMCHTRCKSWCOSIFNSR

TheStreet.com Rating: D What is this?

  • +
  • RTLX
    Retalix Ltd
  • $11.33
  • -1.56%
  • $11.26

Ronex Holdings intends to request a special shareholder meeting aimed at changing the composition of the Retalix board. Ronex will seek to speak with management about ideas to enhance shareholder value. Ronex owns about 2.33 million shares (11.7%).

People owning RTLX also tend to own: ARTXCGRCTHRFORDICOIMOSJOBS

TheStreet.com Rating: D+ What is this?

  • +
  • NYT
    N Y Times Cl A
  • $13.57
  • +1.88%
  • $13.25

Harbinger Capital retained Scott Galloway to develop an active strategy to unlock value at the New York Times. Harbinger nominated four candidates for election to NYT's board at its 2008 annual meeting.

People owning NYT also tend to own: WMTYHOOAACCAERTVLOBPOPMO

TheStreet.com Rating: D+ What is this?

  • +
  • ACLS
    Axcelis Tech Inc
  • $4.46
  • -1.76%
  • $4.57

Sterling Capital Management wants Axcelis, a semiconductor-chip equipment and services outfit, to "look for consolidation opportunities" within its industry. Sterling wants the board to confer with Japan's Sumitomo Heavy Industries to determine if a combination is appropriate. Axcelis said its board is discussing the unsolicited $5.20- a-share cash proposal from Sumitomo, and that shareholders don't have to take action at this time. Sterling Capital owns 12,231,308 shares (12%).

People owning ACLS also tend to own: CHCIGNTASTXSUNWTXCCHSPSEAB

TheStreet.com Rating: D+ What is this?

  • +
  • WEN
    Wendys Intl Inc
  • $24.31
  • +1.29%
  • $23.88

Investor Nelson Peltz's Trian Fund Management wants Wendy's board increased to 15 directors, from the current 13. If the proposal were adopted, Trian would nominate six directors. If those six were elected Trian would have a majority on the board. Three of the current directors were appointed in 2006 under an agreement with Trian, Peltz's hedge fund. Peltz said that if the proposal isn't adopted at the annual meeting, he will nominate four directors. Peltz owns 8,553,800 shares (9.8%).

People owning WEN also tend to own: BKCCASAHNZLSSMCDOSIPZZI

TheStreet.com Rating: C- What is this?

  • +
  • OEH
    Orient-express Ho
  • $35.39
  • +1.00%
  • $34.86

D.E. Shaw & Co. is concerned about the rights of Orient-Express' super-voting class B shares and whether owners of class A stock will have the opportunity to hold a definitive vote regarding a merger or sale of the company, should a proposal be made. D.E. Shaw reported holding 2,431,218 shares (5.7%).

People owning OEH also tend to own: AAAAPLACASBTUCATCSCODUK

TheStreet.com Rating: C What is this?

  • +
  • STE
    Steris Corp
  • $36.77
  • -0.35%
  • $36.81

Breeden Capital Management, the hedge fund run by Richard Breeden, former chairman of the Securities and Exchange Commission, reported ownership of 4,259,973 shares (6.72%), acquired from Jan. 31 to Feb. 5 at an average price of $23.29 a share.

People owning STE also tend to own: ETGEMSFTTWXWNRALXNBLUD

TheStreet.com Rating: A- What is this?

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