EUR/USD 1.15321
0.063%
Gold 4329.72
0.256%
Oil 89.735
1.339%
USD/JPY 160.170
-0.004%
GBP/USD 1.33387
0.011%
GBP/JPY 213.641
0.002%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 9th - According to a foreign media report citing an Indian trade official, India is seeking new preferential tariff terms from the United States in negotiations to finalize a provisional trade agreement with Washington. The US and India reached a preliminary agreement on a trade deal in February, but progress slowed after the US Supreme Court overturned President Trumps comprehensive tariff measures. Subsequently, the US proposed an additional 12.5% tariff on imports from India and other countries. The US is also considering another tariff on India, citing overcapacity in sectors such as textiles. The Indian trade official said, "Once we can finalize this tariff, we can finalize a trade agreement with the US. But obviously, this rate must be competitive with direct competitors. India will seek assurances from the US that no further additional tariffs will be imposed on India in the future after an agreement is reached."Market news: AstraZenecas (AZN.O) oral obesity medication helped patients lose 10.5% of their weight in trials.Cadence announced a collaboration with Intel (INTC.O) foundries to accelerate optimization of Intels 14A process for HPC and mobile designs.Applied Digital (APLD.O) has signed a 210 MW lease agreement for the Delta Forge2 project, expanding its “AI Factory” franchise model to its fifth campus.The Dow Jones Industrial Average closed down 80.77 points, or 0.16%, at 50,786.01 on Monday, June 8; the S&P 500 rose 21.94 points, or 0.30%, to 7,405.68 on Monday, June 8; and the Nasdaq Composite rose 220.23 points, or 0.86%, to 25,929.66 on Monday, June 8.

T. Rowe Price Has Said That It Intends to Support Kohl's Proxy War Against Macellum

Haiden Holmes

Apr 21, 2022 09:50

R2.png


At the May 11 meeting, investors will have the opportunity to vote. At the end of December, T. Rowe Price held 6.8 million shares, or 5.29 percent of the firm.


Kohl's has been criticized by Macellum, lead by Jonathan Duskin, of not doing enough to enhance its company. The fund requested that the company sell itself, which it is currently doing by reviewing potential bidders.


The struggle for control of Kohl's boardroom has developed into one of the year's most heated proxy fights, occurring as the business evaluates possible bidders' offers.


Franchise Group (NASDAQ:FRG), the owner and operator of retail chains like The Vitamin Shoppe and Buddy's Home Furnishings, joined the market last week with a $9 billion indicative offer.


Kohl's has said that during the previous several months, its investment bankers have spoken with more than 20 possible purchasers.


Macellum has also pushed for changes at Kohl's twice in the last two years. It ran a campaign last year to replace nine board members, partnering with hedge funds Ancora Holdings Inc and Legion Partners Asset Management LLC. When Kohl's increased the size of its board of directors by three directors, the investors agreed to drop that challenge.

Suggestion