Hedge fund Barington proceeds with proxy contest at OMNOVA

Reuters – Hedge fund Barington Capital Group filed preliminary proxy statements with the U.S. Securities and Exchange Commission and is proceeding with a proxy contest to elect three alternative directors to the board of OMNOVA Solutions, the documents show.

New York-based Barington, which controls 2 percent of Beachwood, Ohio-based OMNOVA, a maker of specialty chemicals, nominated its slate in December and filed documents with the SEC late on Tuesday.

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