Ramius’ Activist Agenda at Orthofix Rejected
| April 13th, 2009 | ||
| In a Special General Meeting on April 2nd, shareholders of Orthofix International N.V. (OFIX) voted on a number of proposals that had been presented by activist investor Ramius Capital. The independent inspector of elections announced late last week that investors had resoundingly rejected Ramius Capital’s proposals for changes at the company. In December 2008, Ramius had demanded that the company sell its Blackstone Medical subsidiary, reduce corporate overhead and pay down debt. Shareholders also voted against Ramius’ slate of four Board of Directors nominees and in favor of four incumbent members of Orthofix’s Board. | ||
See Press Release | ||
For Detailed Investor Profiles on these Investors, click below: |
Ramius Capital Group |
Related People: Jeffrey Smith;
Related Entities: Cowen Group Inc. (NASDAQ: COWN);
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
Add a Comment |
More Recent Headlines
Putnam Steals Equities Head from Fidelity |
Bernie’s Shadow |
GCI Launching Japanese Hybrid Fund |
Toscafund Trims Aberdeen Stake |
Henderson Group Finalizes New Star Acquisition |
Kumar from TPG-Axon to Launch Hedge Fund |
Barclays Announces Sale of iShares ETF Business |
SEC Halts $20 Million Colorado Ponzi Scheme |
Avoiding Risk, Marshall Wace’s Risk Officer Retires at 28 |
Martin Whitman's Third Avenue Management suing MBIA |
