Activist Update: Alta Fox isn’t Playing Around with Hasbro

by Joanna Makris | Feb 18, 2022 | Activism, Featured

Alta Fox Capital Management wants to make some changes at toymaker Hasbro (HAS). The activist investor owns a 2.5% stake in the company (approximately $325 million). In a letter to Hasbro shareholders: Alta nominated five directors: Matthew Calkins, founder and CEO of...

Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR

by Joanna Makris | Feb 16, 2022 | Podcast, SPACs

Cepton (CPTN) CEO Dr. Jun Pei joins the Know Who Drives Return podcast With a recent public listing under its belt, the industry’s largest ADAS production win, and ties to auto giant Ford, CPTN is off to a good start in a volatile market for LiDAR stocks  We...

Activists Knocking at Blucora (again)

by Joanna Makris | Feb 15, 2022 | Activism

Blucora (NASDAQ:BCOR) is back in play as Engine Capital pushes for board change. In a letter to BCOR, activist investor Engine Capital (not to be confused with activist Engine 1 of ExxonMobil fame), announced it will seek election of three members to the company’s...

Two Warburg SPACs and JAWS Try for a 3-way Merger Deal

by Joanna Makris | Feb 14, 2022 | SPACs

Scaling up for a potential $20 billion deal. In a rare, 3-way SPAC deal, two SPACs backed by buyout firm Warburg, Pincus (Warburg Pincus Capital Corp I-A, Warburg Pincus Capital Corp I-B –WCPA, WPCB) and Barry Sternlicht’s SPAC Jaws Estates Capital (JAWS)...

Valentine’s breakup for ASAX’s SPAC Deal with HotelPlanner and Reservations.com

by Joanna Makris | Feb 14, 2022 | SPACs

ASAX proves breaking up doesn’t have to be hard to do. Valentine’s day proves to be a day of unrequited love for Astrea Acquisition Corp. (ASAX), which terminated its merger with HotelPlanner and Reservations.com. SPAC shareholders were scheduled to vote on the...