Sunday, November 1, 2009

When Investors Crack The Whip

The NY Times did a story on Shamrock Activist Value Fund's successful campaign to replace three Directors on the board of Texas Industries a couple weeks ago.

When Shareholders Crack the Whip

IN a promising show of force by a company’s owners, three directors at Texas Industries, a construction materials maker with almost $850 million in sales, got the boot last week. Taking their seats at the boardroom table will be directors nominated by Shamrock Holdings, the money management firm best known for helping to oust Michael Eisner from his perch as chief executive of Disney.

The results of the Oct. 22 election at Texas Industries, disclosed last Tuesday, are an example of what happens when shareholders act appropriately — like the company owners that they are. Equally important, Shamrock executives say they believe their win at the company shows that shareholders are becoming increasingly willing to take on entrenched directors.

Click here to read the entire New York Times article.

Hedge Fund Solutions issued a Catalyst Investment Research(TM) report on Texas Industries (TXI) before their annual meeting. The research examines Shamrock's activist campaign along with a perspective on the Company's potential to generate value. Click here to begin a 30-day free trial and you'll receive a copy of the TXI research.