There’s no denying 3M’s enduring ability to drive value. Over the past 15 years, the company has outperformed other diversified industrial companies as well as the S&P 500 What’s most reassuring about 3M is its rock-solid dividend , which it has raised for nearly six decades.
Category: Security
New Crop of Activist Investors is on the Hunt
A Lazard review of activist campaigns for 2016 show that first time insurgent campaigns represented about a quarter of all activism for the year – a new record. Last month startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.
Meet the New Wave of Insurgents
A Lazard review of activist campaigns for 2016 show that first-time insurgent campaigns represented about a quarter of all activism for the year – a record. Last month, startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.
Diversity report: Boards adding women, minorities – but very slowly
Carla Carstens, photographed Feb. 6, 2017, serves on the board of an Ohio-based trust and says women are still underrepresented in corporate boardrooms. She is not affiliated with a new report on board diversity.
Ex-MSD Capital Analyst Convicted of Insider-Trading Charges
A New York federal jury took less than three hours to convict a former MSD Capital LP analyst who made $1.5 million by trading on confidential information about Apollo Global Management LLC’s takeover last year of ADT Security Services. John Afriyie, 29, was found guilty of securities fraud and wire fraud and faces having to give up $2.6 million from his brokerage and bank accounts.
AdvanSix: Jim Cramer’s Top Takeaways
Breaking up is a great way to create value for shareholders, Cramer reminded his “Mad Money” viewers Wednesday, as he took a closer look at AdvanSix , the recent spinoff from long-time Cramer fav Honeywell . Cramer explained that after its failed merger attempt with United Technologies last year, Honeywell crafted a new plan: to spin off its nylon and fertilizer business as AdvanSix, which began trading as an independent company in September.
InvenSense’s Stock Soars To Lead NYSE Gainers After TDK Merger Deal
InvenSense Inc.’s stock soared 17% toward a 16-month high in morning trade Wednesday, enough to be the top gainer on the NYSE, after the sensor platform maker agreed to be acquired by Japan’s TDK Corp. in a deal valued at $1.3 billion. Under terms of the deal, TDK will pay $13 for each InvenSense share, a 20% premium to Tuesday’s closing price of $10.84.