Fund pushing split proposes Chemed directors
Friday, March 20, 2009 : PermalinkCincinnati.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.”
Tags: chemed corp, cincinnati, hospice care, investments, investor returns, member-board, mmi, new-york-city, plumbing, shareholder, slate, stockholder-value, stockholders
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