Catalent turned Elliott's pressure into a $16.5B Novo Holdings sale
A strategic review backed by Elliott ended with Novo Holdings buying Catalent for $63.50 a share, a 47.5% VWAP premium.
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2,000 CASOS PUBLICADOS · ATUALIZADOS REGULARMENTECardinal Health let Elliott into the boardroom and rebuilt its profit base
Elliott's 2022 truce put four directors on Cardinal Health's board; by FY2025 every operating segment grew profit double digits.
Ler o casoCapitaLand split itself to become an asset-light manager
CapitaLand carved development away from fund management; CLI listed with S$78B FUM and later reached S$100B.
Ler o casoCaffè Nero defended its CVA and restarted store growth
Caffè Nero used a 2020 CVA to survive lockdowns, then reached $680M sales and 61 new stores in FY24.
Ler o casoCaesars let Icahn onto the board and sold to Eldorado in a $17.3B deal
Icahn pushed Caesars toward a sale; the board added his directors and Eldorado bought the casino group for $17.3B.
Ler o casoBrown-Forman split family control from CEO succession and kept growing
The Brown family kept board control while handing the CEO seat to insiders who scaled premium whiskey globally.
Ler o casoBroadcom used VMware to rebalance chips with infrastructure software
Broadcom bought VMware, sold a non-core unit, and lifted FY2024 infrastructure software revenue 181%.
Ler o casoBP answered Elliott pressure with an oil-and-gas reset and lower transition spend
After Elliott built a stake, BP cut transition spending guidance by over $5B a year and redirected capital to oil and gas.
Ler o casoBoursa Kuwait privatized the exchange and won emerging-market status
Kuwait's exchange operator privatized, self-listed, and helped move Kuwait into major emerging-market indexes.
Ler o casoBooking shifted from hotel search toward a connected trip platform
Booking pushed payments, mobile and trip services; 2023 revenue rose 25% and merchant bookings reached 54%.
Ler o casoBank of Ireland used private capital to avoid state control
A 2011 investor deal cut Ireland's Bank of Ireland stake to 15.1%, letting the lender return to private ownership first.
Ler o casoBang & Olufsen restored profit by narrowing into luxury audio
B&O cut multibrand exposure and pushed luxury channels; EBIT before special items swung from -DKK105M to DKK61M in 2023/24.
Ler o casoAtlassian used 2020 to force its server customers toward cloud
Atlassian accepted near-term revenue turbulence in 2020 and set an end date for new server licenses.
Ler o casoASUS split the CEO job and narrowed phones toward gamers
ASUS replaced Jerry Shen with two co-CEOs in 2019, taking a NT$6.2B reset to focus phones on gamers and power users.
Ler o casoASICS refocused on running and turned 2023 into a record year
ASICS moved to category management and a running-led digital plan; by 2023 sales and every profit line hit records.
Ler o casoArm chose licensing over fabs and became the standard inside phones
Arm stayed an IP designer, charging license fees and royalties while partners made chips; SoftBank later paid about $31B.
Ler o casoArm spun out as a chip IP licensor and became mobile's default CPU
Arm left Acorn as a tiny Apple-backed venture, chose licensing over fabs, and became the architecture behind smartphones.
Ler o casoAramco unlocked $27.9bn from pipelines without giving up operations
Aramco used oil and gas pipeline leasebacks to bring in global investors while retaining majority control and operations.
Ler o casoApple opened its own stores and made retail a product showcase
Apple ignored retail skeptics in 2001, controlled the buying experience, and built a billion-dollar store channel by 2004.
Ler o casoAndroid left cameras for phones before Google bought the platform
Andy Rubin's team judged digital cameras too small, shifted Android to phones, and built the platform Google later scaled globally.
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