Paul Singer Ready To Mow Down Antagonists In His New 18-Wheelers - Dealbreaker

It’s shaping up to be quite a week for Paul Singer & co. His Elliott Management is on the verge of securing some board seats at eBay, which board seats may eventually secure the blowing up of the whole joint per his desires. He’s thrown some more heat in his already spicy battle with Hyundai in the form of a proxy battle, which if he wins will produce some more board seats for Elliott, and also $6 billion in dividends. And all the while, he’s cruising the highways and byways of this great land in a big rig, courtesy of his newest acquisition.

Elliott, investor Paul Singer’s $35 billion hedge fund and already a major Roadrunner shareholder, backstopped the $450 million offering and now holds about 90.4% of the common stock, Roadrunner said Wednesday, including subscription rights to the offering…. The Downers Grove, Ill.-based business has been grappling with what Mr. Stoelting said in a Feb. 5 investor conference call was “corporate trauma,” including an operational overhaul after restating several years of financial reports and disclosing accounting problems that led to the indictment last year of two former executives.

We can only hope this leads to a towel-clad Singer being ejected from a Flying J truck stop shower in some frigid part of Nebraska by a grinning Warren Buffett.

Activist Investor Elliott Takes Majority Control of Troubled Trucker Roadrunner [WSJ]
Activist Investors, eBay Nearing Settlement That Sets Stage for Possible Change [WSJ]
It’s Singer vs Hyundai Part II as Activist Launches Proxy Fight [Bloomberg]

Related

paul singer

Paul Singer May Or May Not Be Becoming A Nicer Person

And it may or may not have to be because he has to in order to win.

paul singer

Paul Singer To Kick His New Toy Around For A While

AC Milan is more than the seventh-most popular soccer team in the world. It’s a “value-creation opportunity.”

Getty Images

Company Regains Senses, Submits To Paul Singer In Nick Of Time

Arconic decides against losing Thursday's popularity contest.

singer-apocalypse

Paul Singer Hiring For New Doomsday Bunker Office

When the global financial superpocalypse comes, Elliott Management will be ready. Won't you join them?

paul singer

Paul Singer Argentinas His Way Into A Soccer Team

Like the Albiceleste at the World Cup, he expects his stay to be short. Unlike his favorite international soccer team, however, he expects it to be profitable.

paul singer

Paul Singer Suggests Cancelling Second Election If He Wins First

If not, let Telecom Italia investors just keep voting until he does.

singer-apocalypse

Paul Singer Ready, Willing, Maybe Able To Pull Plug On Warren Buffett’s $9 Billion Energy Deal

After what the Oracle said about activists, Paul Singer’s not inclined to give him a discounted 87th birthday gift.

Paul Singer Wants His Literary Musings Kept Among Friends

Sharers of Singer's letters better run and hide.