{"id":3928,"date":"2006-02-02T00:00:00","date_gmt":"2006-02-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-continues-to-put-heat-on-angelica","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2006\/hedge-fund-continues-to-put-heat-on-angelica.html","title":{"rendered":"Hedge fund continues to put heat on Angelica"},"content":{"rendered":"<p>St. Louis Post-Dispatch &#8211; Angelica Corp. said Wednesday that it so far has failed to satisfy the demands of its largest shareholder, Steel Partners II LP, which wants the Chesterfield-based companyto make governance changes or put itself up for sale.<\/p>\n<p>However, Angelica will continue to seek &#8220;mutually agreeable means&#8221; to respond to Steel Partners, according to a statement. Angelica provides textile-rental and linen-management services to healthcare companies.<\/p>\n<p>Steel Partners, a hedge fund in New York, owns about 20 percent of Angelica&#8217;s shares. It is displeased with Angelica&#8217;s operating results.<\/p>\n<p>Warren Lichtenstein, who heads Steel Partners, didn&#8217;t return calls. His firm is among a growing number of hedge funds that have taken an activist role in pushing for management changes.<\/p>\n<p><a href=\"http:\/\/www.stltoday.com\/stltoday\/business\/stories.nsf\/0\/27249DD0316D7B5986257109001D971C?OpenDocument\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. Louis Post-Dispatch &#8211; Angelica Corp. said Wednesday that it so far has failed to satisfy the demands of its largest shareholder, Steel Partners II LP, which wants the Chesterfield-based companyto make governance changes or put itself up for sale. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3928","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3928"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3928\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}