Event Driven Calendar
This real-time calendar will track event driven and special situations including: Mergers and Acquisitions, Spin-Offs,
Shareholder Activism, Bankruptcies and Capital Structure Changes.
Events are separated into the above main categories but will also allow deeper tracking based on the stage of the event.
The current calendar is not a complete archive of past events but will be a historical archive going forward. If there are ongoing
situations that we failed to track please contact us.
|Company||Ticker||Event Type||Ongoing?||News Archive||Event
|11/20 11:20 PM||7/17/2014||Dresser-Rand Group||DRC||M&A - Definitive Deal Seller||Yes||11/20 11:20 AM||6/30/2015 *Est.||Summary||Get Alerts|
11/20/14 - Dresser-Rand Group Inc. (NYSE: DRC) announced today that, at a special meeting of stockholders held earlier today, its stockholders approved the adoption of the merger agreement with Siemens Energy
09/21/14 - Dresser-Rand Group (NYSE: DRC) announced a deal Sunday evening to be acquired by Siemens for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt.
09/19/14 - General Electric (NYSE: GE) has held talks with Dresser-Rand (NYSE: DRC) about acquiring its US equipment manufacturer, according to reports in the Financial Times.
09/19/14 - Bloomberg Says Siemens Preparing $85/Share Bid for Dresser-Rand (NYSE: DRC)
09/19/14 - Dresser-Rand Group (NYSE: DRC) gained pre-market Friday on new M&A rumors. The latest, from Manager Magazin, said Siemens plans to enter the fray with an offer of more than $80 per share for Dresser-Rand. A bid could come in weeks.
09/17/14 - Sulzer today made the following statement in response to speculation about potential transaction discussions with Dresser-Rand (NYSE: DRC). Sulzer has confirmed that it is engaged in non-exclusive discussions with Dresser-Rand regarding a potential transaction. There can be no assurance that a transaction will result from these discussions, and Sulzer does not intend to comment further unless and until an agreement is reached."
09/17/14 - Dresser-Rand Group (NYSE: DRC) gained Wednesday on rumors it and Sulzer are planning a merger, according to reports in Handelszeitung. UBS and and Homburger are advising Sulzer, and Dresser-Rand has hired Morgan Stanley, the report said. Shareholder Viktor Vekselberg is said to be involved
08/07/14 - Dresser-Rand Group (NYSE: DRC) is working with Morgan Stanely as it prepares for takeover bids from companies including Siemens, according to Bloomberg, citing sources. Dresser-Rand isn't actively pursuing a sale but it has received interest from Siemens, which has been considering a bid for some time, the report said.
7/17/14 - Siemens is preparing a bid for Dresser-Rand Group (NYSE: DRC), according to Manager Magazin, citing sources. The company has been preparing a bid for months and is even considering a hostile takeover.
|11/20 4:25 PM||8/20/2014||Hertz Global Holdings||HTZ||Activism - Board Changes||Yes||11/20 4:30 PM||N/A||Summary||Get Alerts|
11/20/14 - Hertz Global (NYSE: HTZ) announced that John P. Tague has been appointed President and Chief Executive Officer and to the Company's Board of Directors, effective November 21, 2014. Mr. Tague's appointment follows an extensive search conducted by the Hertz Board of Directors. The search process was overseen by the Board's CEO Search Committee, which is comprised of five independent directors including two recently appointed as part of an agreement with Carl C. Icahn, with the assistance of a leading executive search firm.
11/19/14 - JANA Partners filed an amended 13D on Hertz Global (NYSE: HTZ) and said it has continued to have discussions with members of the Issuerâ��s board of directors regarding management succession and board composition. The Reporting Person believes that such issues are of heightened importance following the Issuer's recent announcements regarding the restatement of financial results and operational issues including with fleet management and cost controls, all of which the Reporting Person believes indicate a lack of sufficient board oversight. The Reporting Person may therefore take steps to alter such board composition, subject to the outcome of the Issuer's previously announced management succession searc
11/06/14 - Hertz Global (NYSE: HTZ) holder JANA Partners sent the a letter to the company's board... says former Dollar Thrifty CEO Scott Thompson is the clear choice for CEO. MORE
10/20/14 - JANA Partners filed a 13D on Hertz Global (NYSE: HTZ) showing a 32,046,708 share, or 7% stake in the car rental giant. JANA disclosed it has had talks with the company regarding management succession and board composition and may also seek to discuss other topics with the Issuer's board of directors and management including capital allocation, strategy and future plans. MORE
09/11/14 - Hertz Global (NYSE: HTZ) announced that it has reached an agreement-in-principle with Carl C. Icahn and affiliated entities (collectively, "Icahn") to appoint Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi to the Company's Board of Directors as new independent directors. In connection with the anticipated director appointments, three existing directors will retire from the Board, effective upon the appointments of the new directors to the Board. In this connection, Icahn has agreed not to run a proxy contest at the Company's 2015 Annual Meeting of Shareholders and to vote in favor of the Company's nominees at the Annual Meeting. Two of the new directors will be part of the five-person search committee leading the process to find a permanent Chief Executive Officer of Hertz. Following the contemplated appointments and retirements, Hertz will have a nine-person Board, with the Board expanded to 10 directors upon the appointment of a permanent Chief Executive Officer. Under the agreement-in-principle, the Company's shareholder rights plan will be amended to increase the triggering percentage to 20% and to implement other changes. The agreement-in-principle remains subject to negotiation and execution of definitive documentation. (MORE)
08/20/14 - In a 13D filing on Hertz Global Holdings (NYSE: HTZ), activist hedge fund manger Carl Icahn disclosed a 8.48%, or 38,800,000 share, stake in the company. The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer's management and board of directors relating to shareholder value, accounting issues, operational failures, underperformance relative to its peers and the Reporting Persons' lack of confidence in management. The Reporting Persons may also seek shareholder board representation if appropriate.
|11/20 2:50 PM||5/15/2014||Rackspace Hosting||RAX||M&A - Rumor Seller
M&A - Exploring Sale
Activism - 13D Filed, No Demands
|No||11/20 2:50 PM||N/A||Summary|
11/20/14 - Jana Confirms Large Position in Rackspace (NYSE: RAX), Bloomberg Citing Letter
09/16/14 - Rackspace (NYSE: RAX) announced it has ended its evaluation of alternatives that would result in Rackspace being acquired. The company declared its commitment to remain independent and announced Taylor Rhodes as CEO to lead and drive its managed cloud strategy.
09/15/14 - Rackspace (NYSE: RAX) was active Monday, gaining over 3%. The move appears tied to reports in Betaville that claim CenturyLink Inc (NYSE: CTL) has lined up financing and will pay $55 per share for the company.
09/15/14 - JPMorgan downgraded Rackspace (NYSE: RAX) from Overweight to Neutral with a price target of $37.00 (unchanged). Analyst Philip Cusick is skeptical about a deal with CenturyLink Inc (NYSE: CTL). MORE...
09/08/14- Rackspace Hosting (NYSE: RAX) is on watch Monday following news Sunday that the company might be a takeover target of CenturyLink (NYSE: CTL). Bloomberg noted yesterday that the move would bolster CenturyLink's Internet and cloud services, positioning the company to better compete with the likes of Microsoft (Nasdaq:MSFT), Amazon.com (Nasdaq: AMZN), and Google (Nasdaq:GOOG), amongst others.
08/18/14 - In a 13D filing on Rackspace Hosting (NYSE: RAX), hedge fund Blue Harbour Group, LP disclosed a 6.4%, or 9,098,087 share, stake in the company. This is up 158.26% from the 3,522,814 shares held at the end of the latest quarter ending June 30, 2014.
07/02/14 - Rackspace Hosting (NYSE: RAX), a company exploring strategic options, is considering going private, according to TechCrunch sources. Rackspace is in talks with private equity firms to borrow capital for the deal, which may be announced this week.
5/15/14 - Rackspace Hosting (NYSE: RAX) said in recent months it has been approached by multiple parties who have expressed interest in exploring a strategic relationship with Rackspace, ranging from partnership to acquisition. The board decided to hire Morgan Stanley to evaluate the inbound strategic proposals and to explore other alternatives which could advance Rackspace's long-term strategy.
|11/20 1:16 PM||11/8/2013||Riverbed Technology, Inc.||RVBD||M&A - Bid Received Seller
M&A - Rumor Seller
Activism - Board Changes
Activism - Strategic Alternatives
|Yes||11/20 1:16 PM||N/A||Summary||Get Alerts|
11/20/14 - Riverbed Technology (Nasdaq: RVBD) gained Thursday after Reuters reported that private equity firms Bain, Hellman & Friedman, and Thoma Bravo are interested in acquiring the company.
11/12/14 - Riverbed Technology (NASDAQ: RVBD) will take initial bids next week, according to DealReporter. The report noted interest from private equity firms Vista, Thoma Bravo, and Bain. Strategic buyers are unlikely to bid. Offers are said to be in a range below $24 per share.
10/22/14 - Riverbed Technology (Nasdaq: RVBD) to Contact Buyers in A Week, Says DealReporter.
09/10/14 - Elliott Management Corporation issued a public statement regarding Riverbed Technology (NASDAQ: RVBD). "Riverbed's announcement today sends a clear message to shareholders: We don't care what you think." The firm affirmed their $21/share takeover offer. MORE...
06/09/14 - Elliott requests meeting with Riverbed Technology (NASDAQ: RVBD). It has now been two weeks since Elliott requested a meeting with Riverbed to discuss the results of its annual meeting, at which shareholders overwhelmingly voted down the company's proposals and voted off the director up for reelection. We are one of Riverbed's largest shareholders, and the fact that this board hasn't responded to our request for a simple meeting is unprecedented in Elliott's history. Despite complaints from other shareholders and public criticism from leading shareholder advisers ISS and Glass Lewis, Riverbed Directors Mark Floyd, Chris Schaepe, Kim Stevenson, Michael Boustridge, Eric Wolford and CEO Jerry Kennelly have done nothing to address the severe governance issues at Riverbed and the need to rectify its significant stock-price underperformance. Riverbed is experiencing a governance crisis. It is long past time for this Board to stop stonewalling shareholders and engage with us to find a path forward.
5/27/14 - Elliott Management sent a letter to the Board of Directors of Riverbed Technology proposing a meeting among the Board, senior management and Elliott to discuss a path forward with the goal of maximizing shareholder value.
2/28/14 - Riverbed Technology, Inc. (Nasdaq: RVBD) announced that its Board of Directors, after consideration with its independent legal and financial advisors, has unanimously determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $21.00 per share, as it believes the proposal undervalues the Company and is not in the best interests of shareholders.
2/25/14 - Elliott Management Corporation sent a letter to the Board of Directors of Riverbed Technology (NASDAQ:RVBD) increasing its offer to acquire all of the outstanding shares of common stock of Riverbed for a price of $21.00 per share in cash.
1/19/14 - Riverbed Technology (Nasdaq: RVBD) announced that its Board of Directors, after consideration with independent legal and financial advisors, has unanimously determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $19.00 per share, as it believes the proposal undervalues the Company and is not in the best interests of shareholders.
1/8/14 - Elliott Management Corporation sent a letter to the Board of Directors of Riverbed Technology (Nasdaq: RVBD) offering to acquire all of the outstanding shares of common stock of Riverbed for a price of $19 per share in cash.
11/8/13 - In a 13D filing on Riverbed Technology, Inc. (NASDAQ: RVBD), hedge fund Elliott Associates disclosed a 8.96%, or 14,515,586 share, stake in the company. The firm did not hold shares at the end of the latest quarter. Elliot believes the company can immediately increase stockholder value by implementing certain value-maximizing operational, capital structure and strategic review initiatives.
|11/20 1:00 PM||8/10/2014||Kinder Morgan||KMI||M&A - Definitive Deal Buyer||Yes||11/20 1:06 PM||12/31/2014 *Est.||Summary||Get Alerts|
11/20/14 - Kinder Morgan, Inc. (NYSE:KMI) today announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10, 2014. More than 95 percent of the votes cast at the special meeting of each company were voted in favor of the proposals related to the merger transactions.
8/10/14 - Kinder Morgan Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) announced that KMI will acquire all of the outstanding equity securities of KMP, KMR and EPB.
Upgrade to SI Premium for filtering options and to view the Full List (442 More)