Sandell, Chief Executive Officer of Sandell Asset Management, sent a letter to the Board of Directors at DCP Midstream LLC (DCP), a 50-50 joint venture between Spectra Energy Corp (SE) and Phillips 66 (PSX). The Sandell Group is a significant shareholder.
Sandell Asset Management Corp. said it will seek changes to the board of pipeline owner Spectra Energy Corp. at the 2014 annual meeting if the company fails to “promptly” follow its plan for increasing shareholder value. Spectra must take further steps.
SEP), Sandell Asset Management's Chief Executive Officer Thomas E. Sandell sent the following letter to Greg Ebel, Chief Executive Officer of Spectra Energy Corp. The letter urges the firm to take further steps to unlock value including reviewing.
Shares of Spectra Energy ( SE) hit a new 52-week high of $33.96, and although they have pulled back a bit to $33.40 in recent dealings, they are still up 10%, as MT Insider reported Thomas Sandell of Sandell Asset Management is said to be taking an.
Sandell Asset Management has moved up from activist campaigns in the ... This isn't Sandell's first rodeo with this type of deal; last year, it pushed Spectra Energy (NYSE:SE) to drop down its U.S. assets to Spectra Energy Partners (NYSE:SEP.
Following Spectra Energy's June announcement, investor Sandell Asset Management urged the company to review strategic options for its Canadian operations, including a possible initial public offering. It also urged Spectra to review option for its stake in.
Sandell Asset Management thinks the Canadian pipeline operator could ... suggests the company would be worth $75 a share in a breakup – a 34 percent premium. An American rival, Spectra Energy, has outperformed both the Standard & Poor’s 500 Energy.
HOUSTON (Reuters) - Activist investor Sandell Asset Management is urging Spectra Energy Corp SE.N to swap its interest in DCP Midstream Partners LLC for equity in Phillips 66’s (PSX.N) master limited partnership (MLP) in a deal meant to improve the.
In a letter released Monday, Sandell Asset Management Corp. said the Calgary-based company ... Sandell said the company’s peers — including Enbridge Inc. (TSX:ENB), Spectra Energy Corp., Oneok Inc. and Williams Companies — have “unlocked.