September
Activist investor asks Redbubble to hang for-sale sign; seeks board seats
Osmium Partners is set to kick off an audacious public letter writing campaign where it will ask shareholders to support four new board members.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Activists seek to stir investor revolt at Woodside
Market Forces is urging shareholders to demand a board revamp at the oil and gas producer, citing a huge increase in emissions from its US LNG export plans.
- Angela Macdonald-Smith
August
- Exclusive
- APA Group
APA Group faces activist action over Beetaloo pipeline
A shareholder resolution lodged by Market Forces driven by climate concerns comes as APA’s board is facing the risk of a “second strike” at its October AGM.
- Angela Macdonald-Smith
ACF ditches legal challenge to Woodside’s Scarborough gas project
The green group dropped the case – described as “frivolous lawfare” by one energy analyst – when it became clear it was unlikely to succeed.
- Angela Macdonald-Smith and Peter Ker
Orora confesses to Lone Star approach, eyes on Apollo
Apollo dealmakers and CEO Marc Rowan have ramped up their visits to Australia, and cut the ribbon on a Sydney office a few years ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Viburnum Funds sets sights on Coventry Group breakup
Fluids spoke for about 43 per cent of the group’s total $371.3 million revenue in the 2024 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
40pc of blue-chip company directors lack skin in the game
Of the 22 directors of ASX 300 companies who were paid more than $1 million last year, only three were female, a survey shows.
- Sally Patten
Woodside punished as investors query ‘marginal’ green projects
The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.
- Updated
- Angela Macdonald-Smith
July
Project Tinker: Bombed-out smash repairer AMA launches ACM Parts sale
First-round offers for the collision and mechanical parts business are due in late August.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Project Open: Barrenjoey seeks $182m for Orora activist push
Street Talk understands the home-grown investment bank tried to pull together a syndicate of investors in April to nab a 10 per cent stake and agitate for change.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
- Opinion
- Chanticleer
Lendlease is finally doing what its investors have been begging for
This restructuring is indicative of what big investors want this year. Simple and focused businesses are in, sprawling empires with global ambitions are out.
- Anthony Macdonald
Karoon Energy suffers ‘first strike’ as activists land a blow
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Melbourne.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lendlease sells down Asia venture amid campaign for overhaul
The $147 million sale of a stake in its life sciences business comes as activist investors demand the property giant pulls back from overseas markets.
- Updated
- Nick Lenaghan
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight
The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
- Hans van Leeuwen
- Analysis
- Carbon challenge
Woodside treads impossibly fine line on climate demands
Whether new oil and gas projects can align with the Paris Agreement is central to the oil and gas producer’s stoush with activists and some proxy advisers.
- Updated
- Angela Macdonald-Smith
Woodside slams Glass Lewis’ carbon assessment
The proxy adviser appears to have based its views on two activist groups holding up to 0.005 per cent of the stock and ignored Woodside’s extensive talks on climate, it said.
- Angela Macdonald-Smith
Proxy group at odds with itself over Woodside’s Richard Goyder
The sustainability arm of Institutional Shareholder Services is recommending against the re-election of the company’s chairman – contradicting its main analyst.
- Angela Macdonald-Smith