CSX, Aramark Hint at Dollar Tree Campaign Path

When the dust settled on activist fund Mantle Ridge LP’s two previous campaigns — targeting CSX Corp. (CSX) and Aramark (ARMK)— both companies installed new CEOs backed by the insurgent manager.

The Watch List

Welcome Back, Watch List followers! Activists often target corporations with executives entering, or well into their senior years, in hopes of nudging businesses towards a sale, especially if there isn’t a good succession plan in place. (See: HBO’s Succession.)

Southwest Shakes Up Board, Rejects Icahn’s Bid

The Las Vegas utility releases plans to replace two directors and install a new chairman as it prepares to face the billionaire insurgent’s director contest in a campaign targeting a recent acquisition.

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