HFA Icon

Gannett Responds To Carl Icahn’s Precatory Proposals

HFA Padded
Mani
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Carl Icahn disclosed Thursday that he planned to seek nominations of two directors in addition to offering some precatory proposals that would require certain corporate governance changes at Gannett Co. Inc. The media company responded that its board will evaluate the activist investor’s submission and make a suitable recommendation to its shareholders in due course.

Carl Icahn seeks two board seats

In his amended 13D filing with the Securities and Exchange Commission, Icahn disclosed his nominations of two candidates for election to Gannett’s board of directors at the company's 2015 annual shareholders’ meeting. His latest filing also revealed the submission of precatory proposals that would require certain corporate...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports