Hedge Fund News From HedgeCo.Net


Fund pushing split proposes Chemed directors

Cincinnati.com – A New York City hedge fund pushing Chemed Corp. to split up its plumbing and hospice care businesses has filed its own slate of five directors for the downtown-based company’s May 18 shareholder’s meeting.

In filing its five nominees Thursday, MMI Investments, which last month urged Chemed to split up its businesses to increase investor returns, said it wasn’t seeking control of the 11-member board but "to obtain better representation of stockholders and enhance stockholder value.”

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.