With activist investor action looming, eBay has responded to a letter from Elliott International, a fund with an interest in the company, suggesting changes in operations and spinoffs of StubHub and the eBay classifieds group.
After facing a potential proxy fight with an investor group of stockholders pushing for leadership changes at the off-price retailer, Tuesday Morning said that it has entered into a cooperation agreement with Jeereddi Partners, Purple Mountain Capital Partners and their affiliates.
Engaged Capital, an activist investing firm, has issued a letter to the Rent-A-Center board challenging the direction in which the management is taking the company, and Rent-A-Center has responded.
As part of its 2016 investment community meeting, Wal-Mart Stores said it plans to outline the company’s strategic framework to its omnichannel strategy, which includes continued investment in digital products and integration of Jet.com into more comprehensive Internet operations.
Fairholme Capital has increased a significant stake in Sears Holdings Corp. According to a United States Securities and Exchange Commission…