Securities Law Prof Blog

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

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‚Äôs Board

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

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