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Mr. Icahn has mounted a proxy challenge to get himself and three associates elected to the board in June.
In addition to its tender offer, Golden Cycle has mounted a proxy battle to replace the five directors of Global's board.
Similar(58)
It has mounted an unprecedented [spill] response".
Had Microsoft resisted ValueAct's efforts, the investors could have mounted a public fight, known as a proxy battle, to nominate a representative to the company's board.
They have mounted a broad counteroffensive.
The consortium is led by Jana Partners, an $8 billion fund founded by Barry Rosenstein that has mounted successful proxy fights against a number of big corporations, these people said.
So he has mounted proxy fights at three funds, seeking board representation to try to force them to follow his prescription.
Last week, Carl C. Icahn, the activist investor, mounted a proxy contest to replace Yahoo's entire board, saying the directors had "acted irrationally and lost the faith of shareholders".
Two activist hedge funds that had been preparing to mount a proxy battle with The New York Times Company were declaring victory Monday, when the newspaper publisher agreed to support two of their rival board nominees at next month's annual meeting.
The costs have mounted.
But they don't have to actually report their holdings -- until they mount a proxy campaign.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com