Oasis Management active at Jakks Pacific

Oasis Management has gone active on the $200mm toy company. A basic filing with no real plans, here's the details: 

The Reporting Persons acquired the Shares, the 4.25% Convertible Senior Notes due 2018 and the 4.875% Convertible Senior Notes due 2020 because it believed the securities were undervalued and represented an attractive investment opportunity. The Reporting Persons have had and expects to continue to have discussions with the Issuer’s management and other shareholders regarding ways to maximize shareholder value, including matters concerning the Issuers corporate governance, board composition, business, operations, management, strategy, and future plans of the Issuer. However, the Reporting Persons now believe it would be beneficial to engage more substantively with the Issuers management. 

Sabar Capital and Ronald Chez will work together to take on Cinedigm

Two activist investors, Ronald Chez and Sabra Capital have decided to work together against Cinedigm. Chez owns 8.4% of the company. 

Sabra Capital went active the other week [thoughts on that] and Chez put out a letter the other day [letter here]

Here are the key notes of the "partnership" - 

On June 2, 2015, the Reporting Persons entered into the Group Agreement in order to work together to enhance stockholder value at the Company, including seeking representation on the Board at the 2015 annual meeting of stockholders of the Company or otherwise and taking any other actions they determine to undertake in connection with their respective investments in the Company, including, but not limited to, a potential solicitation of proxies or written consents in furtherance of seeking representation on the Board and removing certain existing members of the Board. 

Trian Partners plans to wind down its Wendy's stake

Trian owns roughly 24.6% of Wendy's and has been a major shareholder for well over a decade. However, it's time to move on. Nelson Peltz's firm announced today that it plans to reduce its take to between 17% and 19.7%. Here are the key notes from the filing: 

In the aggregate, the Trian Group plans to sell such number of shares of Common Stock in the Trian Sale and in open market and/or privately negotiated transactions as would reduce the aggregate percentage of Common Stock held by the Trian Group to not less than 17% and not more than 19.68% of the outstanding shares of Common Stock following the consummation of the Offer, the Trian Sale and such sales.

The exact number of shares to be sold by the Trian Group in open market and/or privately negotiated transactions will be determined by the Trian Group in their sole discretion, based upon, among other things, market conditions, and such sales may be at prices that are more or less favorable than the purchase price to be paid to the Company’s stockholders pursuant to the Offer. The number of shares the Trian Group plans to sell is designed to result in at least a 20% reduction of the Trian Group’s ownership of Common Stock in order to avoid adverse federal income tax consequences. Immediately following the consummation of such sales, the Trian Group will still be the Company’s largest stockholder based on current share ownership information on file with the Securities and Exchange Commission (“SEC”).