Cardlytics, Immunocore, and More Stocks See Action From Activist Investors

CAS Investment Partners disclosed a position of 5,416,116 shares in the digital-advertising platform, 14.4% of the firm’s tradable stock. On Sept. 19, Cardlytics and CAS Investment entered into a cooperation agreement that led to the appointment of Alex Mishurov, CEO and chief investment officer of KPS Global Asset Management, as an independent director.

Per the agreement, Cardlytics increased the size of its board to nine to accommodate Mishurov, who will serve through the 2025 annual shareholder meeting and join the nominating and governance, compensation, and transaction committees. In return, CAS Investment agreed to customary standstill provisions, and will vote all eligible Cardlytics shares in support of board recommendations that require shareholder approval.

Cardlytics stock rose to a 52-week intraday high of $19.57 on Sept. 15. Strong quarterly reports and upbeat guidance have powered Cardlytics shares in 2023, and they have more than doubled this year.General Atlantic trimmed its stake in the U.K.-based pharmaceutical company to 2,606,684 American depositary receipts. From Aug. 14 to Aug. 23, General Atlantic sold 249,213 Immunocore ADRs at prices ranging from $60.10 to $60.66 apiece, lowering its position to 5.3% of the outstanding stock.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Japanese stocks fall for third day as Hong Kong stocks dropStocks in the Asia-Pacific region mostly tumbled Thursday, Sept. 21, with shares in Hong Kong declining for the second day and the Japanese market showing a...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Japanese stocks fall for fourth session as Hong Kong stocks gainAsia-Pacific stocks mostly increased Friday, Sept. 22, the Japanese market showing a fourth day of decreases. Hong Kong's Hang Seng Index gained 2.3% to...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

'Incredibly compelling': The pros love small-cap stocks right now. Here are their top picksCNBC Pro takes a look at five such stocks, including two on a 'high conviction' list.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

'Relentless pursuit of eyeballs': Analysts name China internet stocks to buy, give 2 over 50% upside'We're now seeing e-commerce related activity pick up on media platforms hitherto less associated with online retail,' say analysts at AllianceBernstein.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Asian stocks battered by hawkish Fed; More rate decisions awaited By Investing.comAsian stocks battered by hawkish Fed; More rate decisions awaited
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stocks retreat, US yields advance, dollar strengthens on hawkish Fed By ReutersStocks retreat, US yields advance, dollar strengthens on hawkish Fed
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »