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Activist shareholders


Mark Vaile

Activist target Whitehaven Coal suffers first strike

Close to 40 per cent of investors voted against the coal miner’s remuneration report as the battle with activist investor Bell Rock continues to rage.

  • 24 mins ago
  • Aaron Patrick and Peter Ker


Mark Vaile

Whitehaven accuses Bell Rock of controlling twice the shares it claims

But the Takeovers Panel has declined a request from the coal miner to disqualify votes cast by the hedge fund at its annual meeting scheduled for Thursday.

  • Peter Ker

This Month

Magellan CEO David George.

Magellan lawyers up for Bolton defensive

Street Talk understands Magellan has Allens and MinterEllison in its corner; Bolton is represented by Allen & Overy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
ASX-listed REA is Australia’s largest real estate listings company.

Investors back activist’s call for News to sell REA stake

Starboard Value wants the Murdoch-family controlled media giant to separate from its 61 per cent stake in the Australian real estate business.

  • Updated
  • Joshua Peach
Magellan have signalled their intention to convert their closed end fund into an open-ended fund.

Magellan’s closed-end fund experiment nears end game

Magellan’s grand plan to entice investors into its closed-end funds is nearing an undignified end as the entire sector faces an existential threat.

  • Jonathan Shapiro
Billionaire Bruce Mathieson is livid with what he says is the abysmal performance of the hotel, pokies and retail liquor group Endeavour. But he has another reason.

Pubs billionaire Mathieson says margin loan is no handbrake

Bruce Mathieson snr says opting out of the last Star capital raising was not influenced by a margin loan against his Endeavour stake, which has fallen in value.

  • Zoe Samios, Carrie LaFrenz and Simon Evans


Debby Blakey’s HESTA votes with its feet when it comes to gender diversity and climate action.

HESTA demands energy company boards act on climate change

The industry super fund wants companies to accelerate commercialisation of hydrogen in Australia as it outlines its active engagement priorities.

  • Hannah Wootton


Magellan’s Nikki Thomas.

Nicholas Bolton hoovers up Magellan Global Fund options

The activist investor, already in a stoush with Wilson Asset Management, has emerged as one of MGF’s largest option holders. His intentions are unclear.

  • Vesna Poljak


Graham Tuckwell is looking to get onto the board of US-listed ETF manager WisdomTree.

Tuckwell’s showdown with ETF firm WisdomTree takes a bitter turn

The Aussie ETF pioneer’s attempt to grab board seats has prompted US-listed WisdomTree to attack his character, which he says smacks of desperation.

  • Hans van Leeuwen
Shake Shack is still grappling with reduced traffic, events and tourism.

Activist investor Engaged Capital acquires stake in Shake Shack

Shares in the former Wall Street darling have cooled as lukewarm sales growth fails to justify its lofty valuation.

  • Michelle F. Davis
A successful share sale would go a long way toward cementing Adani’s recovery from the crisis.

Adani to weigh stock sale; months after short-seller turmoil

None of the group’s main units have tapped the public equity market since the allegations by Hindenburg Research wiped more than $100 billion from the conglomerate’s value.

  • Filipe Pacheco
Charlie Munger and Warren Buffett squishmallows on display at the Berkshire Hathaway AGM.

Berkshire investors mull a future without Buffett

At 92 and 99, this could be Warren Buffett’s and Charlie Munger’s last annual general meeting. But shareholders aren’t frightened.

  • Matthew Cranston
Carl Icahn has found himself the subject of a short-seller report.

Carl Icahn loses $15b in just one day in Hindenburg attack

The latest report by short-seller Hindenburg Research accuses the activist investor of using a “Ponzi-like” structure at his investment company.

  • Tom Maloney
In its report, Hindenburg claimed Icahn Enterprises’ value is inflated by 75 per cent or more.

Icahn hit by Hindenburg short call as activist becomes target

Hindenburg claimed Icahn Enterprises’ value is inflated by 75 per cent or more, noting that it trades at a premium of more than 200pc to its net asset value.

  • Bre Bradham


Greg Liddell of BetaShares.

Why the $130b ETF sector is anything but passive (on ESG)

Exchange-traded fund providers have described the idea that index providers shouldn’t agitate on ESG issues as “nonsense”.

  • Lucy Dean
The pay of Woodside’s Meg O’Neill has been criticised by proxy adviser CGI Glass Lewis.

Woodside yields on climate vote but resistance remains

A proxy adviser says investors should reject the pay report and the re-election of a director, even after Woodside agreed to give shareholders another vote on climate.

  • Angela Macdonald-Smith
Japan firms face increasing shareholder pressure over climate issues.

Green groups target Japan megabanks on climate action

Activists argue that the banks’ climate targets and policies aren’t aligned with 2050 net zero pathways set by the International Energy Agency.

  • Shoko Oda
The 7-Eleven global franchise, as a standalone listed company, could be worth as much as ¥8500, according to ValueAct.

ValueAct casts doubt on Seven & i’s review, demands changes

ValueAct has little confidence in the 7-Eleven parent’s business plan revealed last month. Shareholders deserve simple, factual answers, the hedge fund said.

  • Kanoko Matsuyama and Grace Huang


Santos chairman Keith Spence at last year’s AGM in Adelaide.

Proxy advisers support Santos ahead of potential ‘second strike’

All four key proxy advisers have supported Santos’ board on pay and climate heading into an AGM where it faces a potential “second strike”.

  • Angela Macdonald-Smith
Cathie Wood.

Cathie Wood buys Block shares during Hindenburg-fuelled plunge

ARK Innovation ETF, ARK Next Generation Internet ETF and Ark Fintech Innovation ETF made the purchases on Thursday.

  • Abhishek Vishnoi