Activist hedge fund Elliott Management Corporation said Tuesday that it has proposed a new reconstituted board for Hess Corp. (NYSE:HES) that will include all nominees of the company as well as its own nominees. Elliott Capital Management, which holds a 4.52 percent stake in the New York-based energy company, has been pushing to get its slate of five nominees elected to Hess Corp. (NYSE:HES)’s board. The company is running its own slate of nominees. The activist shareholder said the size and composition of the board would be agreed upon at a later date. Elliott’s Statement Elliot said in a statement: “Consistent…
Elliott Wants To Merge Board Slates At Hess Corporation
Mani
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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