"Two words describe this agreement--groundbreaking and substantial, " said Gil Cates, chairman of the guild's negotiations committee.
Hawkins and Cates are unusually hands-on for value investors and sometimes press for changes.
FORBES: Chesapeake: Cheer For CEO McClendon's Exit, Though Substantial Risks Remain
Hawkins and Cates place a hefty emphasis on partnering with capable company management team.
FORBES: Dell Buyout: A Costly Deal For Largest External Investor--A Longtime Supporter
This, after Hawkins and Cates had long defended McClendon and his aggressive spending on acquisitions.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Hawkins and Cates a decade ago failed to prevent AXA Financial from selling itself to MONY Group.
FORBES: Dell Buyout's Biggest Losers: Famed Investors Who Put Faith -- And Billions -- In Turnaround
In many ways Hawkins and Cates come off as the Southern versions of Warren Buffett and Charlie Munger.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Like other deep value investors, Hawkins and Cates run a highly concentrated stock portfolio of only 20 stocks.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
For example, Hawkins and Cates, along with billionaire investor Carl Icahn, last year led a shake-up at Chesapeake.
FORBES: Dell Buyout's Biggest Losers: Famed Investors Who Put Faith -- And Billions -- In Turnaround
Just prior to Francis coming on board, the company offended nearly everyone with a salacious commercial featuring Phoebe Cates.
FORBES: JCPenney in Search of a Market: Is Ellen DeGeneres the Ticket?
Mr. Cates, 48, is roughly 6 inches taller, folksy and sometimes free with profanities, according to those who know him.
In Dell, Hawkins and Cates see a venerable company smartly shifting toward becoming the IBM for small and medium-sized businesses.
FORBES: Dell Buyout: A Costly Deal For Largest External Investor--A Longtime Supporter
Hawkins and Cates are experienced activists, though a proxy fight over this landmark deal surely places them in a bright spotlight.
FORBES: Dell Buyout: Big Holder Southeastern Takes Another Step In Fight To Scrap Deal
That leaves Southeastern "no choice other than trying to fix the situation if the odds of success are decent, " Mr. Cates said.
The firm, run by noted value investors Mason Hawkins and Staley Cates, voiced strong opposition to the Dell deal last week.
FORBES: Dell Buyout: Big Holder Southeastern Takes Another Step In Fight To Scrap Deal
Hawkins and Cates after Southeastern bought a stake in Pioneer in 1998.
According to Hawkins and Cates, it has the best oil and gas acreage in the U.S., acquired at the most attractive prices.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Cates, 48, a Memphis native, is taller and a more jovial sort.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Hawkins and Cates completed a lengthy sum-of-the-parts valuation of Dell that blasted the founder and private equity shop Silver Lake Partners for low-balling.
FORBES: Dell Buyout: Big Shareholder Southeastern Will Indeed Fight The Deal
Hawkins and Staley Cates wrote in a new report on Dell.
FORBES: Searching For -- And Finding -- The Silver Lining At Dismal Dell
Cates and Mason last year shook-up the board of Chesapeake Energy, bringing in directors who would later force out co-founder and chief executive Aubrey McClendon.
FORBES: Dell Buyout: Big Shareholder Southeastern Will Indeed Fight The Deal
In January, the National Board appointed Gil Cates as Negotiations Chair.
Yet, this summer Hawkins and Cates seemed satisfied with the changes.
FORBES: Chesapeake: Cheer For CEO McClendon's Exit, Though Substantial Risks Remain
As part of their buy-and-hold strategy, Hawkins and Cates value a company as a buyer might, concentrating on cash flow and formulating their own intrinsic value.
FORBES: Dell Buyout: A Costly Deal For Largest External Investor--A Longtime Supporter
In addition to driving the corporate governance overhaul, Cates and Hawkins have continued to press Chesapeake to spin off assets and shed costs to offset lower natural gas prices.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Coming up: A May 14 webinar on how to grow your business with email and social media, taught by Ron Cates of Constant Contact, a leading small business advisory firm.
Staley Cates , Longleaf's president and coportfolio manager.
Cates and Hawkins do often become activists.
FORBES: Dell Buyout: Meet Southeastern, The Quiet Investors Who Might Foil The $24B Deal
FORBES: Dell Buyout: Big Shareholder Southeastern Will Indeed Fight The Deal
应用推荐