October 29, 2006
No Proxy Fights Please
Fine, at least we have some mature people in the hedge fund industry. Recently, plastics company A. Schulman Inc. and hedge fund Barington Capital Group on Thursday said they had reached an agreement that will avoid a proxy contest at the annual meeting. Way to go boys! Reuters.com reports:
Previously the New York-based hedge fund had asked the company to put itself up for sale to improve value for its shareholders. Schulman said Barington will not nominate directors for the company's board.
Read more: A. Schulman and hedge fund avoid proxy fight
--
Did you enjoy this post?
Comments
Post a comment
« Strategizing Volatility | Main | Film Fever Hits UK Hedge Fund Industry »
Copyright © 2005 Dotmarketer | All Rights Reserved.
Recent Comments