Activist followers, major activist stories and news for May 19 below - recall we’re now on the 24-hour delay. Activist Strategy subs are the only ones getting it day of. Still taking leads at @activiststocks, daily newsletter signup still here and ICYMI the latest newsletter is here.
ValueAct is now active at Fox, owning 5.5%. Their “demands” are generic. They’ve been building a stake for several quarters now.
Blum Capital sold off another several thousand in Career Education shares. Their stake is down to 3.3M, compared to 6.6M at the end of 2014. Blum now owns 4.9%.
Marathon Partners, owning 5.4% of Shutterfly, sent a letter to the board [letter]
@AntoineGara at Forbes talks about how the Danaher breakup is the new trend of corporate activism. Key takeaway, “The question is whether corporate maneuvering like Danaher’s $13.6 billion acqui-split actually goes mainstream, or whether there remains a chasm between platform-like stocks such as it, Berkshire, Liberty Media, AB InBev — and plain old large companies that stay a step behind and invite activists” [link]