[net-gold] BUSINESS: CORPORATIONS: NAMED CORPORATIONS: MCGRAW HILL: Activist Investors Take Stake in McGraw-Hill
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Wed, 3 Aug 2011 18:18:39 -0400 (EDT)
.
.
BUSINESS: CORPORATIONS: NAMED CORPORATIONS: MCGRAW HILL:
Activist Investors Take Stake in McGraw-Hill
.
.
Activist Investors Take Stake in McGraw-Hill
August 1, 2011, 4:21 pm
Mergers & Acquisitions | Hedge Funds
By AZAM AHMED
New York Times
http://dealbook.nytimes.com/2011/08/01/
activist-investor-takes-stake-in-mcgraw-hill/
.
A shorter URL for the above link:
.
http://tinyurl.com/422fhhs
.
.
Activist investors are escalating their fight for change at some American
companies.
.
The latest and biggest push so far this year came on Monday, when the
hedge fund Jana Partners, along with a Canadian pension plan, announced a
combined 5.2 percent stake in McGraw-Hill. The investment could build
pressure for a breakup of the conglomerate. Several analysts have argued
for a corporate overhaul, saying that while the companys Standard & Poors
ratings agency has produced double-digit growth in sales and profit, its
book publishing business has flagged.
.
Janas aggressive move follows a flurry of prominent campaigns by investors
in recent weeks. Carl C. Icahn, the longtime corporate raider, has bid for
Clorox, trying to get it to sell itself. The giant hedge fund Citadel is
pressing E*Trade to overhaul its board. Also on Monday, the private equity
firm Sycamore Partners disclosed that it had accumulated a 9.9 percent
stake in the struggling womens retailer Talbots, saying that it expected
to talk to management about its strategy and operations.
.
With a market value of about $12.5 billion, McGraw-Hill is the biggest
target of activist investors so far this year, according to data from
FactSet Research. And with its rich history of publishing educational
books that touch students from kindergarten to professional education, it
may also be the best known. Although Harold W. McGraw III, the companys
chairman and chief executive, owns less than 4 percent of the company,
McGraw-Hill has long been seen as a family business.
.
snip
.
According to the filing, Jana has already held discussions with the
company about its business, corporate structure, operations, management
and board composition, strategy and future plans. The filing adds that the
hedge fund expects to continue to have such discussions and may take other
steps seeking to bring about changes to increase shareholder value.
.
Activist investors typically buy up shares in a company hoping to unlock
value by pressuring management to sell or spin off pieces, or by joining
the board of directors to effect change. Styles range widely, from loud
and highly public campaigns to more low-key, behind-the-scenes interaction
with management.
.
.
The complete article may be read at the URL above.
.
.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com
Net-Gold
http://groups.yahoo.com/group/net-gold
http://listserv.temple.edu/archives/net-gold.html
Index: http://tinyurl.com/myxb4w
http://groups.google.com/group/net-gold?hl=en
General Internet & Print Resources
http://guides.temple.edu/general-internet
COUNTRIES
http://guides.temple.edu/general-country-info
EMPLOYMENT
http://guides.temple.edu/EMPLOYMENT
TOURISM
http://guides.temple.edu/tourism
DISABILITIES
http://guides.temple.edu/DISABILITIES
INDOOR GARDENING
http://tech.groups.yahoo.com/group/IndoorGardeningUrban/
Educator-Gold
http://groups.yahoo.com/group/Educator-Gold/
K12ADMINLIFE
http://groups.yahoo.com/group/K12AdminLIFE/
The Russell Conwell Learning Center Research Guide:
THE COLLEGE LEARNING CENTER
http://tinyurl.com/yae7w79
Nina Dillard's Photographs on Net-Gold
http://tinyurl.com/36qd2o
and also http://gallery.me.com/neemers1
http://www.flickr.com/photos/neemers/
Twitter: davidpdillard
Bushell, R. & Sheldon, P. (eds),
Wellness and Tourism: Mind, Body, Spirit,
Place, New York: Cognizant Communication Books.
Wellness Tourism: Bibliographic and Webliographic Essay
David P. Dillard
http://tinyurl.com/p63whl
http://tinyurl.com/ou53aw
INDOOR GARDENING
Improve Your Chances for Indoor Gardening Success
http://tech.groups.yahoo.com/group/IndoorGardeningUrban/
http://groups.google.com/group/indoor-gardening-and-urban-gardening
SPORT-MED
https://www.jiscmail.ac.uk/lists/sport-med.html
http://groups.google.com/group/sport-med
http://groups.yahoo.com/group/sports-med/
http://listserv.temple.edu/archives/sport-med.html
HEALTH DIET FITNESS RECREATION SPORTS TOURISM
http://health.groups.yahoo.com/group/healthrecsport/
http://groups.google.com/group/healthrecsport
http://healthrecsport.jiglu.com/
http://listserv.temple.edu/archives/health-recreation-sports-tourism.html
.
.
Please Ignore All Links to JIGLU
in search results for Net-Gold and related lists.
The Net-Gold relationship with JIGLU has
been terminated by JIGLU and these are dead links.
http://groups.yahoo.com/group/Net-Gold/message/30664
http://health.groups.yahoo.com/group/healthrecsport/message/145
.
.
Other related posts:
- » [net-gold] BUSINESS: CORPORATIONS: NAMED CORPORATIONS: MCGRAW HILL: Activist Investors Take Stake in McGraw-Hill - David P. Dillard
