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W.R. Grace, GameStop See Activist Action

W.R. Grace (GRA)
40 North Management revealed a 14.9% interest in W.R. Grace, equal to 9,865,008 shares of the maker of specialty chemicals. On Nov. 9, 40 North offered to take W.R. Grace private for $60.00 cash per share. That offer was rejected by W.R. Grace’s board, and prompted 40 North to raise its bid to $65.00 per...
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GameStop Will Add Activist Investors to the Board. The Stock Shot Up.

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GameStop gave investors betting on the struggling videogame retailer good news and bad news on Monday. The stock, for now, seems fixed on the former.
The company (ticker: GME) reached a deal with Chewy co-founder Ryan Cohen’s RC Ventures. Cohen, as well as former Chewy executives Alan Attal and Jim Grube, will join the company's board, now at 13 members. Cohen holds 13% of GameStop shares, according to a recent filing with the Securities and Exchange Commission.
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GameStop Will Add Activist Investors to the Board. The Stock Shot Up.
GameStop gave investors betting on the struggling videogame retailer good news and bad news on Monday.

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Large GameStop Investor Ryan Cohen Buys More Stock

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Ryan Cohen, a co-founder of pet-supplies retailer Chewy, recently bought more GameStop shares through a limited liability company.
Gabriela Bhaskar/Bloomberg
Ryan Cohen, a big investor and activist in
GameStop
stock, just bought more shares of the videogame retailer.
GameStop (ticker: GME) shares have tripled this year, lifted by sales of next-generation gaming consoles and the prospect of actions by activists, including Cohen. GameStop’s third-quarter earnings, reported earlier this month, were disappointing. The company also said it plans to sell stock through at-the-market offerings, which could dilute the value of existing shares.
RC Ventures, a limited liability company controlled by Cohen, paid $37 million from Dec. 15 through Dec. 18 for 2.5 million more GameStop shares, at a per share average price of $14.80. According to a regulatory filing, Cohen’s RC Ventures now owns nine million GameStop shares, or 12.9% of the shares.

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