AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.

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AltaGas Ltd

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Comment by Sadie222on Mar 26, 2019 12:38pm

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Post# 29537285

RE:RE:Time for an Activist to step up to the plate

5% doesn’t give them a strong voice, but if they can put forward a plan to move forward that’s more than just whining and hating they’ll get lots of proxies. They’ll get some anyway, just because. A change is clearly needed. Maybe merge with Wayfair? They’re doing the opposite. They have the online, need bricks now.

Pandora wrote:

BSdetector2016 wrote: Look what is going on at Bed, Bath and Beyond. Its chart was even sicker than AltaGas' long-term chart - until today.

https://web.tmxmoney.com/quote.php?qm_symbol=BBBY:us

https://www.bloomberg.com/opinion/articles/2019-03-26/bed-bath---beyond--bbby--activists-are-right-to-call-for-overhaul?srnd=premium-canada

Shares of struggling specialty retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) soared 25 percent Tuesday morning after multiple activist investors bought a 5-percent stake.

What Happened

Three activist investment funds -- Legion Partners Asset Management, Macellum Advisors and Ancora Advisors -- plan to leverage their new stake in the company to launch a proxy battle, The Wall Street Journal reported. The firms are looking to replace all 12 members of the board of directors and replace CEO Steven Temares who held the job since 2003, sources told WSJ.

The activist investors will argue the company hasn't sufficiently changed its business model to accommodate consumers who shop online or want unique experiences in stores. Instead, Bed Bath & Beyond's management team showed falling margins over the past years amid higher costs.