Crystal Tse

(Bloomberg) -- Ryan Cohen, the meme-stock investor turned activist, failed to appoint directors to Nordstrom Inc. after amassing a stake in the retailer with the aim of replacing at least one board member, according to people with knowledge of the matter.Most Read from BloombergAirline Blunder Sells $10,000 Asia-US Business Class Tickets for $300Tesla Slashes Prices of Key Models Again Ahead of EarningsWorthless Degrees Are Creating an Unemployable Generation in IndiaIndia Passes China as World’

Happy Friday, it’s Liana Baker and Crystal Tse in New York. Today we’re interviewing a top lawyer at Paul Hastings who weighs in on the M&A market & activists. Plus, Brookfield is pursuing a fintech company while Boston Scientific eyes a major health care deal. Today's top stories

Algonquin Power & Utilities Corp. has attracted Starboard Value LP after another activist investor publicly called for an asset sale on Monday, according to people with knowledge of the matter.

Morgan Stanley has hired Credit Suisse Group AG’s head of health-care investment banking for the Americas Ryan Bondroff, according to people with knowledge of the matter.

Fleetcor Technologies Inc., which offers fuel cards to vehicle fleets, is exploring a sale of its prepaid card business, according to people with knowledge of the matter.

Bacardi Ltd., the spirits maker best known for its rum, is nearing a deal to acquire Ilegal Mezcal after private equity firm L Catterton held talks to buy the company, according to people with knowledge of the matter.

Bacardí Ltd., el productor de licores mejor conocido por su ron, está a punto de cerrar un acuerdo para adquirir Ilegal Mezcal después de que la firma de capital privado L Catterton sostuviera conversaciones para comprar la compañía, según personas con conocimiento del tema.

Credit Suisse Group AG’s departures continue with its head of blank-check companies leaving after the fortunes of both the bank and the product have changed.

Trian Fund Management, the activist investment fund led by billionaire Nelson Peltz, is losing co-founder Ed Garden as the firm faces its own succession episode.

The auction for Subway is expected to come to a head in about a month, with about a half-dozen parties still vying for the sandwich chain, including private equity firms Roark Capital Group and London-based TDR Capital, according to people familiar with the matter.