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    1. Investor Starboard Takes Several Seats on Perrigo Board

      Investor Starboard Takes Several Seats on Perrigo Board

      Activist investor Starboard Value has grabbed several seats on the board of Perrigo, months after saying it would push the drugmaker to its improve operations. Perrigo Co. Plc. said Tuesday that Starboard CEO and Chief Investment Officer Jeffrey Smith will join its board, along with Centrexion Corp. CEO Jeff Kindler and Bradley Alford, an Advent International Corp. operating partner...

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      Mentions: Investment CEO
    2. Arconic Faces Proxy Fight from Largest Shareholder

      Arconic Faces Proxy Fight from Largest Shareholder

      NEW YORK (AP) -- Arconic Inc. faces a proxy fight from its largest shareholder, who accuses the maker of lightweight engineered products for aerospace and autos of underperforming. Elliott Management said Tuesday that it has nominated five candidates for the board of the company that separated from Alcoa and which is led by former Alcoa CEO Klaus Kleinfeld. The hedge fund and activist shareholder said Arconic needs new leadership to boost its stock price...

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    3. Judge Nixes Nutrisystem Bylaw on Removing Board Directors

      Judge Nixes Nutrisystem Bylaw on Removing Board Directors

      DOVER, Del. (AP) -- A Delaware judge has voided a bylaw amendment adopted by directors of weight-loss company Nutrisystem Inc. regarding removal of board members. Ruling in a lawsuit brought by a Nutrisystem shareholder who claimed company directors were trying to entrench themselves, the judge said Tuesday that the bylaw amendment violates Delaware's General Corporation Law...

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      Mentions: Bylaws
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