Activist acolytes, today has a solid blend of news and stories. Send tips to @activiststocks, sign up for our daily newsletter, and ICYMI the latest newsletter is here.
News:
- Sardar Biglari won the battle against Groveland Capital, with shareholders re-electing all incumbent director nominees. A great win for the always classy Sardar. Look for Sardar to position Biglari over the next year to make it harder for a proxy battle in the future, as he didn’t get to where he is by being a fool.
- Moody’s has voiced its concern over how activist impact corporate ratings and bondholders. Specifically, when activist push for buybacks or M&A, it can be a red flag for rating agencies as it “increases the...
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