Sachem Head nominated Scott Ferguson, the firm's founder and portfolio manager, William Barnes Hauptfuhrer, an analyst at Sachem Head, former banker Wendy Lane and investor Alexander Nomitch.
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LONDON (Reuters) - Activist investor Sachem Head has asked Whitbread (WTB.
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Sachem Head's investment comes at a difficult time for Whitbread.
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Sachem Head Capital Management reduced its position by 57 percent.
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Sachem Head liquidated its entire position, selling 2014 million shares.
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Sachem Head added a new position, buying 2.46 million shares.
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Sachem Head liquidated its entire position, selling 3.35 million shares.
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Fellow activist Sachem Head has also been pushing for a breakup.
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Scott Ferguson's Sachem Head LP fund gained 2.48 percent last month.
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The exact size of Sachem Head's position could not be determined.
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Sachem, N.Y., Central School District, $73.2 million of general obligation bonds. Competitive.
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At Sachem, more than 213 percent of the student body is white.
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"We believe that by pursuing the actions announced today the Eagle board is taking significant steps to unlock the companys inherent value," Sachem Managing Partner Scott Ferguson said on Thursday, adding that Sachem is withdrawing its director nominations.
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"We believe that by pursuing the actions announced today the Eagle board is taking significant steps to unlock the company's inherent value," Sachem Managing Partner Scott Ferguson said on Thursday, adding that Sachem is withdrawing its director nominations.
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Only two weeks ago, Autodesk appeared ready to fight Sachem Head and Eminence.
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The company said it plans to review and consider Sachem Head's proposed nominees.
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Sachem Head sold 4.2 million shares, exiting the position it took in 2014.
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D.E. Shaw, Sachem Head and ADP did not immediately respond to requests for comment.
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The British retailer Whitbread is holding firm against an activist campaign by Sachem Head.
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Unlike Sachem Head, however, Elliott does not want Premier Inn to sell its properties.
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Instructure's stock price jumped as much as 6% on the news of Sachem Head's stake.
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The student, a rising junior at Sachem North High School, died at around 9:15 p.m.
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The student, a rising junior at nearby Sachem North High School, died at around 9:15 p.m.
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Sachem Head sees a break-up as a way to boost the value of Whitbread's individual businesses.
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Costello shared a hotel suite with Jimmy Hines, the Tammany "Grand Sachem," who announced support for Roosevelt.
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Sachem Head, which is run Scott Ferguson, bought nearly 2 million shares of ADP during the first quarter.
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The Sachem Head hedge fund holds a 3.38 percent stake in Whitbread, according to Thomson Reuters Eikon data.
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Unlike more aggressive activists like Elliott, Sachem Head only occasionally pushes for change at the companies where it invests.
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He was supposed to start his junior year next month at Sachem High School East in Farmingville, New York.
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The Wall Street Journal first reported Sachem Head and D.E. Shaw's stakes in ADP before the filings were made released.
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Sachem Head has not threatened to launch a proxy fight but that option remains on the table, the people said.
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Sachem Head had success at pushing for changes at companies such as Autodesk Inc and Whitbread Plc in the past.
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Carlin Schledorn, a Sachem East graduate, told News 12 he did the same drill when he was on the team.
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Olin said in a statement that it values shareholders' input and that it has been holding discussions with Sachem Head.
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So in the fall of 2014 — her senior year at Sachem High School East in Farmingville — Ms. Ruppel approached Loretta Corbisiero, her art teacher, who also serves as the chairwoman of the Sachem Central School District's art department and is an adjunct professor and director of arts enrichment at Dowling College on Long Island.
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Sachem brought the idea on Zoetis to the attention of Pershing Square's William Ackman and both made an investment in 2014.
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As the paramount sachem, he also had to contend with challenges to his leadership from a number of other Wampanoag sachems.
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The Sachem East Touchdown Club has also set up a fundraiser for the teen's family, with more than $27,000 raised so far.
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Sachem Head Capital Management has also written to the company asking for it to explore such a move, Reuters reported last month.
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Whitbread Chief Executive Alison Brittain responded to Sachem Head in January that the board continuously looked at the organization of the group.
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Sachem Head said in a regulatory filing on Monday that it now owns 9.4% of Olin, which makes ammunition, chlorine, and vinyls.
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Scott Ferguson who runs Sachem Head Capital Management, is invested with Allergan and lost an estimated $78 million on paper, according to Symmetric.io.
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When Sachem Head first emerged as an investor in Autodesk last November, the hedge fund disclosed wanting to discuss financial matters like costs.
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Sachem Head Capital Management LP has also written to the company asking for it to explore such a move, Reuters reported last month.
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Sachem Head was founded in 2012 by Scott Ferguson and invests $3.2 billion on behalf of clients, according to a recent regulatory filing.
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The sachem (or chief), Ousamequin (whom the English know, from his title, as "Massasoit"), even agrees to a treaty of alliance with Plymouth.
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The Ghost Ship was once an award-winning navy ship called USS Sachem that was used in both world wars, according to Atlas Obscura.
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A spokesman for Sachem Head declined to comment beyond Wednesday's regulatory filing, which declared contracts for difference over 6.2 million shares expiring July 2020.
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Sachem Arvidson (lead engineer): A lot of what we do is more about presenting concepts that could one day trickle down into the mainstream.
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FARMINGVILLE, N.Y. — It was the first official day of football season at Sachem High School East here, but the field remained empty and silent.
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Instead, hundreds of Sachem East teenagers gathered at the McManus-Lorey Funeral Home, two miles away, to pay final respects to Mr. Mileto, 16.
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Voce Capital, led by Dan Plants, jumped 19 percent, while Scott Ferguson's Sachem Head and Jonathan Litt's Land & Buildings each returned about 13 percent.
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Kinkaid, a Farmingville, N.Y., native and an alumnus of Sachem East High School there, backstopped Union College to its first N.C.A.A. tournament appearance, in 2011.
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Earlier this month, Sachem, which disclosed a 9 percent stake in Eagle Materials in March, urged the company to separate its cement and wallboard businesses.
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Sachem Head has previously taken activist positions at companies, though it is unclear whether it will push for changes at the FTSE-100 leisure giant.
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TC: You were also dealing with activist investor groups — Sachem Head Capital and Eminence Capital — who together gathered an 11.5 percent stake in the company.
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The real boost goes to activist investors Elliott Advisors and Sachem Head, which had pressured Whitbread boss Alison Brittain into spinning off the coffee business.
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Jana Partners is down 4 percent for the year while Marcato is off 2.7 percent and Sachem Head is off nearly 1 percent for the year.
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The Journal also reported through anonymous sourcing that other activists investors including Keith Meister's Corvex Management and Sachem Head Capital Management have accrued stakes in Centene.
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Reuters reported late on Wednesday that investor Sachem Head was pushing the company to consider splitting the Costa Coffee chain from its hotels and restaurant businesses.
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Investors, lead by activists Paul Singer's Elliott and U.S.-based Sachem Head, have been pressuring the British company to split itself up to help unlock value.
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Joshua A. Mileto, a 16-year-old football player from Farmingville, N.Y., was performing the training exercise at Sachem East High School with four other students.
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When the Pilgrims encountered Ousamequin, they were meeting a paramount sachem, a Massasoit, who commanded the respect necessary to establish strategy for other groups in the region.
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The holiday, the dedication and the 100th birthday of its grand sachem, John R. Voorhis, amounted to a "triple celebration for Tammany," The New York Times reported.
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But SEAL training teams of five or more men typically lift logs that weigh about 200 pounds — and the Sachem football players were teenagers, not military recruits.
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Sachem Head nominated Scott Ferguson, the firm's founder and portfolio manager, William Barnes Hauptfuhrer, an executive with banking experience, former banker Wendy Lane and investor Alexander Nomitch.
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Sachem Head nominated Scott Ferguson, the firm's founder and portfolio manager, William Barnes Hauptfuhrer, an executive with banking experience, former banker Wendy Lane and investor Alexander Nomitch.
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You wonder if the pro league chieftains, Rob Manfred in baseball and the N.F.L. sachem Roger Goodell, have paid attention, and have the stomach to pursue these strands.
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At the end of April Sachem Head's main fund was down roughly 2.5 percent after a 12.3 percent gain last year, according to a document seen by Reuters.
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Valerie Malfa, 16, a cheerleader at Sachem East, will be participating in a carwash on Sunday at the Applebee's in Farmingville, N.Y. Proceeds will go to the Miletos.
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Last month, Reuters reported hedge funds Corvex Management LP and Sachem Head Capital Management LP had built stakes in Centene and were exploring challenging its acquisition of WellCare.
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Sachem Head manages $3.7 billion and its founder, Scott Ferguson, used to work for Ackman at Pershing Square, suggesting he is familiar with his old boss' way of thinking.
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New York-based Sachem Head, which has been buying Instructure's shares over time, wants the Salt Lake City-based company to pursue a full sale process, the sources said.
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" The Sachem Central School District said in a statement on Wednesday that it "will assess the status of the team's activities over the course of the next several days.
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Though the practice took place on the school's field and included the school's coaches, it was overseen by the Sachem East Touchdown Club, which raises money for the football club.
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Sachem Head wants Whitbread's management team, led by chief executive Alison Brittain, to examine a break-up as a way to boost the value of its individual businesses, the people said.
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Activist hedge funds D.E. Shaw and Sachem Head Capital Management both took small stakes at payroll processor ADP (ADP) during the first quarter, according to their quarterly SEC 13-F filings.
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"Without changes in the company's boardroom, there can be no assurances that this time will be different," said Ferguson, managing partner at Sachem and also one of the nominees to Eagle's board.
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Earlier this month, Sachem, which disclosed a 9% stake in Eagle Materials in March, urged the company to separate its cement and wallboard businesses and nominated two candidates to the company's board.
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" Scott Ferguson, managing partner and portfolio manager at Sachem Head, said that his fund was "very pleased with the transaction and credit management and the board for thoughtfully maximizing value for shareholders.
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"It is with deep sorrow that the district has learned that an incoming senior at Sachem North High School tragically passed away last night," Kenneth Graham, the district superintendent, said in a statement.
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Last month, Reuters reported that hedge funds Corvex Management LP and Sachem Head Capital Management LP, which have stakes in Centene, were exploring challenging the WellCare deal, citing people familiar with the matter.
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The design software maker said on Friday that it had settled with two activist hedge funds, Sachem Head Capital Management and Eminence Capital, that together held more than 10 percent of the company's shares.
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Sachem Head has around $4 billion in assets under management and was set up in 2013 by Scott Ferguson, who previously worked with billionaire activist Bill Ackman at his Pershing Square Capital Management hedge fund.
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Last week, Whitbread yielded to pressure from Elliott and U.S. hedge fund Sachem Head to spin off Costa Coffee, while German activist fund Shareholder Value Management's slate of board candidates at Italy's Retelit was approved.
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The company, which has a market value of about 7.7 billion pounds ($10.3 billion), pledged to separate its main businesses after coming under pressure to do so from U.S. activist investors Elliott and Sachem Head.
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In December 2017, U.S. activist investor Sachem Head disclosed it had built a stake in Whitbread and the following month Reuters reported that the fund was pushing Brittain to consider splitting Costa from Premier Inn.
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Kenneth E. Graham, the superintendent of Sachem Central School District, said in a statement that the district was "devastated by this horrific accident and words cannot express the grief we feel as a school community."
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Last year Sachem Head nominated Ferguson and Lane as directors at Eagle Materials but withdrew the nomination in time for the annual meeting as the company made progress on items the hedge fund was seeking.
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Last year Sachem Head nominated Ferguson and Lane as directors at Eagle Materials but withdrew the nomination in time for the annual meeting as the company made progress on items the hedge fund was seeking.
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NEW YORK, Feb 24 (Reuters) - Activist investment firm Sachem Head Capital Management has built a new stake in Olin Corporation and plans to nominate four directors, including the fund's founder, at this year's annual meeting.
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Reuters reported late on Wednesday that investor Sachem Head was pushing the FTSE 100 company to consider splitting the Costa Coffee chain from its hotels and restaurant businesses, according to two people familiar with the matter.
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Automatic Data Processing — Activist hedge funds D.E. Shaw and Sachem Head Capital Management both took small stakes in the payroll processor during the first quarter, according to their quarterly Securities and Exchange Commission 13-F filings.
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Under the terms of the agreement, Autodesk will add three new directors: Scott Ferguson, the managing partner of Sachem Head; Richard S. Hill, the chairman of Tessera Technologies; and Jeff Clarke, the chief executive of Kodak.
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Last year Sachem Head nominated Ferguson and Lane as directors at Eagle Materials but withdrew the nomination in time for the annual meeting as the company made progress on items the hedge fund was pushing for.
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Sachem, which disclosed a 9 percent stake in Eagle Materials in March, said the diversion of Eagle's cash to fund its expansion into oil and gas proppants has resulted in "substantial underperformance" in the company's stock price.
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"In our view, this discount (in the company's share price)can be eliminated by separating (cement and wallboard) businesses into more focused entities," Scott Ferguson of Sachem Head Capital Management said in a letter to Eagle's investors.
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Reuters reported late on Wednesday that investor Sachem Head, which disclosed a 25.8 percent stake in Whitbread last month, was pushing the FTSE 100 company to consider a break-up, according to two people familiar with the matter.
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Scott Ferguson, a former Pershing Square partner who now runs hedge fund Sachem Head Capital Management, said in a filing that his firm sold 74 percent of its ADP common stock to own 500,000 shares on June 30.
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Elliott, which disclosed a 6 percent stake in the FTSE 100-listed group at the weekend, agrees with fellow activist Sachem Head that Whitbread should split into two but differs on the best way to proceed from there.
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Sachem Head, founded in 2013, invests $3.2 billion on behalf of clients, according to a recent regulatory filing and is one of a handful of activist investors that have successfully pushed companies to break apart or sell themselves.
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Sachem Head, with about $4 billion (£3 billion) in assets under management, was founded in 2013 by Scott Ferguson, one of a number for former partners at Bill Ackman's Pershing Square Capital Management who have launched their own funds.
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After initial inquiries by The New York Times about safety protocols to Dr. Ken Graham, the superintendent of the Sachem Central School District, a communications consultant said in an email that the district was not involved in the training camp.
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Eagle also said it is actively pursuing alternatives for its oil and gas proppants business, after Sachem said the diversion of the company's cash to fund its expansion into oil and gas proppants has resulted in "substantial underperformance" in its stock price.
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Wanting to be close to Fabiola and to remove himself from Brentwood, Michael transferred to Sachem High School East, in Farmingville, according to Irma, who asked to be identified only by her first name because she is an undocumented immigrant from Mexico.
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While Sachem Head began pushing for a breakup three months ago, and possible sale of the popular Costa coffee-shop chain, Elliott is pushing for it to be listed under its own name, a source familiar with the fund's thinking told Reuters.
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Mr. Leone, who is a junior at the University of Pennsylvania and was visiting home before the new school year, had worked as a coach with middle school students as part of the Sachem East Touchdown Club and knew the coaches on the team.
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Her mother retired as a special-education teacher at Seneca Middle School in Sachem, N.Y. Mr. Bandier is the director of strategic marketing and artist and repertoire at Sony/ATV Music Publishing in New York, of which his father, Martin Bandier, is the chairman and the chief executive.
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Recent campaigns include a push by U.S. hedge funds Elliott and Sachem Head for leisure company Whitbread to split its Costa coffee shop chain from its Premier Inn hotels business, and an unsuccessful attempt by Sandell Asset Management to force supermarket giant Tesco to lift its takeover offer for wholesaler Booker.
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He is a son of Randi A. Citrin Young and Alexander J. Young of Dix Hills, N.Y. The groom's mother is an office manager at Tristan Contracting Corporation in Huntington Station, N.Y. His father teaches government and history and is a track and field coach at Sachem North High School in Lake Ronkonkoma, N.Y.
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Eagle Materials Inc announced plans earlier this year to separate its heavy and light materials business and said it would pursue alternatives for its oil and gas proppants business, after being pressured to take steps by activist hedge fund Sachem Head Capital Management LP. Reporting by Svea Herbst-Bayliss in Boston; Editing by Nick Zieminski and Lisa Shumaker
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Sachem Head believes Instructure, which has been a publicly-traded company since 2015, can generate interest among private equity as well as publicly-traded companies that want its education offerings, the sources said Since January, Instructure's share price had gained 16%, lagging the Standard & Poor's 500 20.6% gain, in part because its employee development software product Bridge has failed to generate considerable market share, the sources added.
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Reuters reported last month that activist hedge fund Sachem Head Capital Management had urged Zayo to explore a sale after it rejected acquisition offers from a consortium of private equity firms, including Blackstone Group LP. Zayo, with a market value of just under $6 billion, operates a 130,865-mile optical fiber network in North America and Europe that helps connect data centers and also serves wireless and landline phone companies.
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