Barron's Activist Stocks 6-25-07
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Date updated:06-23-2007

From Barron's 6-25-07:

Each week Barrons 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
  • +
  • PHH
    Phh Corp
  • $14.83
  • -1.00%
  • $14.94

From Barron's 6-25-07: "Pennant Capital Management reiterated its "strong objections" to the company's proposed merger with GE Capital Solutions and Blackstone Group. The investor said it wants PHH to provide shareholders with the information required to understand alternatives to the proposed sale by filing a definitive proxy statement that "alleviates the gaping holes" in the preliminary statement. Pennant Capital currently holds 4,169,800 shares (7.8% of the total outstanding)."

People owning PHH also tend to own: BCOCARCCKCHBCHKPCKRCOV

TheStreet.com Rating: D What is this?

  • +
  • SYVC.OB
    Synovics Pharmace
  • $0.065
  • 0.00%
  • $N/A

From Barron's 6-25-07: "Nostrum Pharmaceuticals plans to nominate three candidates for election to Synovics' board at its annual meeting, scheduled for Aug. 17. The nominees would be Nirmal V. Mulye, Michael T. Newhouse and Sachin Tikekar. Nostrum previously said it wasn't satisfied with the performance of current management, noting its failure to take steps to maximize shareholder value. Nostrum has 10,661,000 shares (35.99%)."

People owning SYVC.OB also tend to own: CENLAURMANANHHCPDLIPRAISPOR

TheStreet.com Rating: No Rating What is this?

  • +
  • RHR
    Rhr
  • $0.00
  • N/A
  • $N/A

From Barron's 6-25-07: "RMR Hospitality said that the legal expenses it incurred in its litigation with Bulldog Investors General Partnership "are the result of the tactics" employed by the hedge fund. RMR said in November that it had sued shareholder Bulldog Investors to enforce a provision of the company's bylaws that restricts ownership by any shareholder or group of shareholders to 9.8%. Bulldog Investors said that amounts spent by the company in its legal dispute with the hedge fund "have already had a materially adverse impact on the fund's net asset value." Bulldog Investors holds 243,400 shares (9.79%)."

People owning RHR also tend to own: ARBXIFTH.OBITCD.OBLANCNMRXPHHSIL

TheStreet.com Rating: No Rating What is this?

From Barron's 6-25-07: "Applied Digital Solutions (ADSX) said that it has been in contact with a third party regarding a potential sale of all or substantially all of the shares of its majority owned subsidiary, InfoTech USA."

People owning IFTH.OB also tend to own: ARBXITCD.OBLANCNMRXPHHRHRSIL

TheStreet.com Rating: No Rating What is this?

  • +
  • ITCD.OB
    Itc Deltacom Inc
  • $1.40
  • -2.78%
  • $1.40

From Barron's 6-25-07: "H Partners Capital strongly opposes a recapitalization plan recently announced by the company. H Partners said the recapitalization plan "disenfranchises minority shareholders and allows insiders and other parties to profit at their expense." H Partners Capital holds 1.2 million shares (6.4%)."

People owning ITCD.OB also tend to own: ADBLAMTCSCOEXTRFDSIDTIONN.OB

TheStreet.com Rating: No Rating What is this?

  • +
  • LANC
    Lancaster Colony
  • $49.34
  • -0.14%
  • $49.41

From Barron's 6-25-07: "Barington Cos. Equity Partners wants the company to dispose of its automotive, glassware and candle businesses. Barington said the company's "failure to promptly divest these business segments has prolonged the time" that Lancaster has operated under an "inefficient 'holding company' structure," which has imposed additional expenses on the company and its shareholders. Barington owns about 1.66 million shares (5.29%)."

People owning LANC also tend to own: CTOCVGDDSFSCIGFFKHDHM

TheStreet.com Rating: A- What is this?

  • +
  • NMRX
    Numerex Corp.
  • $4.65
  • +2.20%
  • $4.57

From Barron's 6-25-07: "A group including Rye 68 reported ownership of 686,000 shares (5.26%), after buying 500,000 in a privately negotiated transaction from Kenneth Manswer, a former director of the company, on June 19 at $8.25 a share."

People owning NMRX also tend to own: CROXDVNERTSGMELGFNWSNYX

TheStreet.com Rating: D+ What is this?

  • +
  • SIL
    N/a
  • $0.71
  • 0.00
  • $0.71

From Barron's 6-25-07: "Norges Bank (the central bank of Norway) reported ownership of 2,996,116 shares (5.1%). No transaction details were provided."

People owning SIL also tend to own: AAPLAMTCOPGOOGIMCLJNJLEAP

TheStreet.com Rating: D What is this?

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