Reuters – Hospice-care provider Chemed Corp, which also offers plumbing services under the Roto-Rooter brand, is urging shareholders to reject a hedge fund’s proposal to nominate five dissident directors to Chemed’s board.

Chemed has asked shareholders to discard proxy cards sent by MMI Investments LP, a New York hedge fund, and instead vote for the board’s nominees.

"MMI has one, and only one, idea for your company: to separate immediately Chemed’s businesses – VITAS and Roto-Rooter," Chemed said in a letter on Wednesday.

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Tags: care provider, chemed corp, hedge fund, hospice care, investments, mmi, plumbing services, proposal, proxy-cards, reuters, roto rooter, s board, shareholders, vitas

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.”

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Tags: chemed corp, cincinnati, hospice care, investments, investor returns, member-board, mmi, new-york-city, plumbing, shareholder, slate, stockholder-value, stockholders