Tuesday, June 24, 2008

Activist Situations Worth Watching

Ticker Target Company Activist(s) Notes
ADPT Adaptec Steel Partners Obtained Board Representation in 2007; recently increased ownership
BARI Bancorp Rhode Island Financial Edge Fund Activist filed derivative lawsuit relating to Reg FD after losing proxy contest
BKF BKF Capital Catalyst Fund Seeking board representation and preservation of cash
CKR CKE Restaurants Ramius Capital Wants CKR to reduce cost structure
CPWM Cost Plus Inc Pier 1 Imports Unsolicited bid by Pier 1
CSX CSX Corp TCI Seeking board representation at June 25th annual meeting
DVD Dover Motorsports Marathon Partners Wants business sold
JOB General Employment Enterprises Timothy Stabosz; Zeff Capital Investors are separately presing for changes to compensation, poison pill and performance
PWER Power-One Bel Fuse Pressing Company to sell off business unit to them