Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, October 18, 2007

Hedge Funds Want Changes at Brink's

Millbrook Capital, an activist hedge fund, wants Brnk's to split its armored-truck and security provider units into two separate companies.  To that end, it plans a proxy contest for four seats on the board of directors.  Another hedge fund, Pirate Capital, is also pressing for corporate governance changes; it wants to eliminate the staggered board and to separate the offices of chair and CEO.  NYTimes, Millbrook Plans Proxy Contest for Seats on Brink’s Board

http://lawprofessors.typepad.com/securities/2007/10/hedge-funds-wan.html

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