ValueAct Builds $1B Stake in American Express (AXP) - Bloomberg

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AmEx (AXP) Peers on Watch as ValueAct Takes Stake (V) (MA) (COF)

August 7, 2015 2:08 PM EDT

American Express (NYSE: AXP) peers are on watch following news that ValueAct built up a stake in the company.

Names include Capital One Financial (NYSE: COF), Discover Financial Services (NYSE: DFS), MasterCard (NYSE: MA) and Visa (NYSE: V), among others.

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American Express (AXP) Confirms Conversations with ValueAct - CNBC

August 7, 2015 2:08 PM EDT

American Express (NYSE: AXP) confirmed with CNBC that it had conversations with ValueAct and stated that it is "looking forward to continuing a constructive dialogue." The CNBC headline follows earlier reports from Bloomberg that said ValueAct built a $1 billion stake in the company.

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