(Reuters) Corvex Management LP kicked off its anticipated proxy challenge to Energen Corp on Wednesday, with the activist investor nominating four candidates to the oil and gas producer’s board of directors as it pushes for a sale of the company. The move by the hedge fund, which owns about 9.9 percent of Energen’s shares according to a statement, is the latest step in its campaign to force a sale which, it hopes, will bolster a stock price that has lagged its peers.
Corvex Nominates Four Directors to Energen’s Board
This entry was posted in Syndicated. Bookmark the permalink.