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Activist investor Ryan Cohen has notched a 400% gain on his GameStop investment. The Chewy cofounder spent $76 million for 9 million shares in the video-game ....
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. Close From ....
GameStop Adds Pet Food Billionaire to Its Board of Directors ✖ GameStop has announced this week that it is immediately appointing three new directors to the board in agreement with RC Ventures, one of the company s largest stockholders that is managed by pet food company Chewy co-founder Ryan Cohen. Those three new directors are Alan Attal, Jim Grube, and Cohen. It is no secret that GameStop has been struggling of late, closing hundreds of stores last year alone. The number of closed stores only grows when you take into account recent history beyond 2020. These new directors are specifically being added in order to accelerate transformation, according to GameStop. We believe the Company can enhance stockholder value by expanding the ways in which it delights customers and by becoming the ultimate destination for gamers, Cohen said as part of the announcement. Alan, Jim and I are committed to working alongside our fellow directors and the management team to conti ....